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Exxon Mobil (XOM) Stock Price, News & Analysis

$112.21
-1.16 (-1.02%)
(As of 07/8/2024 ET)
Today's Range
$111.42
$113.55
50-Day Range
$108.37
$119.67
52-Week Range
$95.77
$123.75
Volume
13.34 million shs
Average Volume
15.68 million shs
Market Capitalization
$442.45 billion
P/E Ratio
13.75
Dividend Yield
3.39%
Price Target
$133.82

Exxon Mobil MarketRank™ Stock Analysis

Analyst Rating
Moderate Buy
2.59 Rating Score
Upside/​Downside
19.3% Upside
$133.82 Price Target
Short Interest
Healthy
1.10% of Shares Sold Short
Dividend Strength
Strong
Based on Four Factors
Sustainability
-8.02
Upright™ Environmental Score
News Sentiment
0.60mentions of Exxon Mobil in the last 14 days
Based on 27 Articles This Week
Insider Trading
Selling Shares
$288,718 Sold Last Quarter
Proj. Earnings Growth
9.04%
From $9.18 to $10.01 Per Share

Overall MarketRank

New Rank-Based ScoringMarketRank is calculated by averaging available category scores (with extra weight given to analysis and valuation), then ranking the company's weighted average against that of other companies.

4.67 out of 5 stars

Oils/Energy Sector

23rd out of 230 stocks

Petroleum Refining Industry

5th out of 17 stocks

XOM stock logo

About Exxon Mobil Stock (NYSE:XOM)

Exxon Mobil Corporation is the largest direct descendent of John D. Rockefeller’s Standard Oil and one of the world’s largest companies. Its earliest roots lie with Vacuum Oil which got its start in the 1860s. Vacuum Oil’s primary product was kerosene, an important advancement for heating and lighting in rural America. Vacuum Oil was later merged with Standard Oil of New Jersey which was the parent operation of the Standard Oil empire prior to its breakup. Standard Oil of New Jersey would merge with other independent operators over the next few years until settling on the brand Exxon for most of its operations.

Meanwhile, Standard Oil of New York was operating under much the same impetus, merging and growing, until it became known as Mobil. Then, in 1999, the two giants became one with a merger of equals that on paper had Exxon buying Mobil. Now, the combined company operates under the Exxon, Mobil, and Esso brands as an international vertically integrated energy and petrochemical business.

Today, the company explores and produces crude oil and natural gas and their derivative products globally. As of 2022, it was ranked 6th on Forbes’ Fortune 500 list and 12th on the Global 500 list but it has held positions from #1 to #10 over the years. In terms of its operations, it is the world’s second-largest oil refiner and the largest refiner outside of China. In terms of reserves, ExxonMobil claimed about 18.5 million barrels of oil and oil equivalents at the end of 2021 and was ranked 15th globally.

ExxonMobil operates through three segments that are the Upstream, Downstream, and Chemical segments. The Upstream segment explores for and produces oil and oil equivalents and represents roughly 70% of the income. The Downstream segment gathers, receives, stores, transports and refines oil and equivalents and their derivatives. The Downstream segment also markets and delivers fuel products to consumers and businesses. The Chemicals segment produces the full range of petrochemicals including plastics, resins and synthetic rubber.

ExxonMobil is committed to advancing sustainable and carbon-free energy solutions. The company is targeting 2050 for net-zero emissions and its 2030 interim targets are in alignment with the Paris Accord, the EU's Global Methane Pledge, and US Methane Emissions Reduction Action Plan. The company’s plans include investing $15 billion into reducing greenhouse emissions by 2028.



XOM Stock Price History

XOM Stock News Headlines

ExxonMobil logo sign on glass building
Top 3 Stocks to Buy Now as Energy Sector Hits Buy Zone
After showing relative strength in the first quarter, the energy sector and the Energy Select Sector SPDR Fund ETF NYSEARCA: XLE trended lower in the second quarter, recouping most of their gains. Now up just over 5% year-to-date, the sector is underperforming the market and its benchmark.
ExxonMobil logo sign on glass building
Top 3 Stocks to Buy Now as Energy Sector Hits Buy Zone
After showing relative strength in the first quarter, the energy sector has trended lower in the second quarter toward its 200-day, recouping most of its gains.
The only way to play the AI boom?
A new AI profit window is opening. But I believe if you want to take advantage of this next wave of AI … You have to do something very few people will have the courage to do.
Occidental Petroleum logo on shipping containers
Occidental Stock: Buffett's 9-Day Buying Spree Lifts Stake to 29% (XOM)
Buffett likes Occidental Petroleum stock over anything else out there, and there's a good reason for investors to watch the energy sector today
Exxon Slips on Chance of Weak Earnings
The only way to play the AI boom?
A new AI profit window is opening. But I believe if you want to take advantage of this next wave of AI … You have to do something very few people will have the courage to do.
Exxon Mobil (NYSE:XOM) Trading 0.5% Higher
3 Oil Stocks to Buy on the Dip Before They Surge
Exxon Mobil (NYSE:XOM) Stock Price Up 0.8%
The 3 Best Energy Stocks to Buy in July 2024
Exxon Mobil (NYSE:XOM) Shares Down 0.2%
See More Headlines
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Company Calendar

Last Earnings
4/26/2024
Ex-Dividend for 6/10 Dividend
5/14/2024
Dividend Payable
6/10/2024
Today
7/09/2024
Next Earnings (Estimated)
7/26/2024
Fiscal Year End
12/31/2024

Industry, Sector and Symbol

Industry
Petroleum refining
Sub-Industry
Integrated Oil & Gas
CUSIP
30231G10
Employees
62,000
Year Founded
1870

Price Target and Rating

Average Stock Price Target
$133.82
High Stock Price Target
$154.00
Low Stock Price Target
$105.00
Potential Upside/Downside
+19.3%
Consensus Rating
Moderate Buy
Rating Score (0-4)
2.59
Research Coverage
17 Analysts

Profitability

Net Income
$36.01 billion
Pretax Margin
14.17%

Debt

Sales & Book Value

Annual Sales
$344.58 billion
Cash Flow
$14.78 per share
Book Value
$53.63 per share

Miscellaneous

Outstanding Shares
3,943,010,000
Free Float
3,941,824,000
Market Cap
$442.45 billion
Optionable
Optionable
Beta
0.91

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Should I Buy Exxon Mobil Stock? XOM Pros and Cons Explained

Pros

Here are some ways that investors could benefit from investing in Exxon Mobil:

  • Exxon Mobil's stock price is currently trading at an attractive level, providing a potential entry point for investors looking to capitalize on a possible uptrend.
  • Exxon Mobil has a history of paying consistent dividends, offering investors a reliable income stream.
  • The company's diversified business segments, including Upstream, Energy Products, Chemical Products, and Specialty Products, provide exposure to various sectors of the energy industry.
  • Exxon Mobil's strong global presence and established reputation in the oil and gas sector can offer stability and long-term growth potential for investors.
  • Despite recent challenges in the industry, Exxon Mobil's focus on cost management and operational efficiency could lead to improved profitability and shareholder returns.

Cons

Investors should be bearish about investing in Exxon Mobil for these reasons:

  • The oil and gas industry is subject to volatility due to factors like geopolitical tensions, regulatory changes, and fluctuating commodity prices, which can impact Exxon Mobil's financial performance.
  • Environmental concerns and the global shift towards renewable energy sources may pose long-term challenges for Exxon Mobil's traditional fossil fuel-based business model.
  • Exxon Mobil's recent earnings report showed a decrease in EPS compared to analyst expectations, indicating potential operational challenges that could affect investor confidence.
  • The company's dividend payout ratio of 46.57% may raise concerns about sustainability, especially in the face of changing market conditions and industry dynamics.
  • Increased competition in the energy sector, along with evolving consumer preferences and technological advancements, could impact Exxon Mobil's market position and profitability in the future.
These pros and cons were generated based on recent news and financial data from MarketBeat in order to provide readers with the fastest and most accurate insights. They were last updated on Sunday, July 7, 2024. Please send any questions or comments about these Exxon Mobil pros and cons to contact@marketbeat.com.

XOM Stock Analysis - Frequently Asked Questions

How have XOM shares performed this year?

Exxon Mobil's stock was trading at $99.98 at the beginning of 2024. Since then, XOM stock has increased by 12.2% and is now trading at $112.21.
View the best growth stocks for 2024 here
.

How were Exxon Mobil's earnings last quarter?

Exxon Mobil Co. (NYSE:XOM) released its quarterly earnings data on Friday, April, 26th. The oil and gas company reported $2.06 earnings per share (EPS) for the quarter, missing the consensus estimate of $2.19 by $0.13. The firm's revenue for the quarter was down 4.0% on a year-over-year basis.
Read the conference call transcript
.

What is Darren Woods' approval rating as Exxon Mobil's CEO?

436 employees have rated Exxon Mobil Chief Executive Officer Darren Woods on Glassdoor.com. Darren Woods has an approval rating of 26% among the company's employees. This puts Darren Woods in the bottom 10% of approval ratings compared to other CEOs of publicly-traded companies. 43.0% of employees surveyed would recommend working at Exxon Mobil to a friend.

Does Exxon Mobil have any subsidiaries?

Exxon Mobil subsidiaries include these companies: MPM Lubricants, Jurong Aromatics Corporation Pte Ltd, InterOil Corporation, Celtic Exploration Ltd., XTO Energy, AKG Marketing Company Limited, Al-Jubail Petrochemical Company, and others.

Who are Exxon Mobil's major shareholders?

Exxon Mobil's top institutional investors include DNB Asset Management AS (0.03%), Douglas Lane & Associates LLC (0.01%), BancFirst Trust & Investment Management (0.01%) and Stokes Family Office LLC (0.01%). Insiders that own company stock include Leonard M Fox, Darrin L Talley, Jeffrey W Ubben, Stephen A Littleton, James M Spellings Jr, Linda D Ducharme, Darren W Woods and Michael J Angelakis.
View institutional ownership trends
.

How do I buy shares of Exxon Mobil?

Shares of XOM stock can be purchased through any online brokerage account. Popular online brokerages with access to the U.S. stock market include Charles Schwab, E*TRADE, Fidelity, and Vanguard Brokerage Services.
Compare Top Brokerages Here.

What other stocks do shareholders of Exxon Mobil own?

Based on aggregate information from My MarketBeat watchlists, some other companies that Exxon Mobil investors own include AT&T (T), Chevron (CVX), Johnson & Johnson (JNJ), JPMorgan Chase & Co. (JPM), Verizon Communications (VZ), Intel (INTC) and Pfizer (PFE).

This page (NYSE:XOM) was last updated on 7/9/2024 by MarketBeat.com Staff

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