"Exxon delivered 10 of 10 key 2025 projects, adding roughly $3 billion in earnings power, hit record upstream production of 4.7 million boed last year, and has logged $15.6 billion in cumulative structural cost savings since 2019 against a $20 billion target by 2030."
"CEO Darren Woods called this a 'durable platform to grow earnings, cash flow, and shareholder value through 2030 and beyond.' Capital returns are massive: $20 billion of buybacks planned for 2026, with $4.9 billion already executed in Q1."
Exxon Mobil's current trading price is $152.75, with a 12-month price target of $141.98. A hold recommendation is given with 90% confidence. The long-term bull case suggests a price of $197.38 by 2031, driven by LNG and Guyana production. Recent performance shows a 49.36% increase over 12 months, aided by rising oil prices. Key projects and cost savings contribute to a strong earnings outlook, with significant capital returns planned, including $20 billion in buybacks for 2026.
Read at 24/7 Wall St.
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