62/100BExxon Mobil stock forecast 2026–2030What is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Analysts' average 12-month price target for Exxon Mobil is 171.11, 3.2% above the current price of 165.86. Their targets range from 90.00 to 199.00.
Of the 20 firms that rated Exxon Mobil in the past 12 months, 9 rate it buy or strong buy, 10 hold and 1 sell or strong sell (each firm at its latest rating): a Hold consensus.
Analysts' 1-year price targets range from 90.00 to 199.00, with an average of 171.11.
| Buy | 9 | |
| Hold | 10 | |
| Sell | 1 |
12-month price target
| Highest target | 199.00 |
| Average target | 171.11 |
| Lowest target | 90.00 |
| Current price | 165.86 |
Exxon Mobil price target historyWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
Have analysts recently raised or lowered their Exxon Mobil price target and rating?
How analysts rate Exxon Mobil, month by monthWhat is the analyst rating? The analyst rating sums up what the analysts covering a stock recommend, from strong buy to strong sell, by the share of them rating it a buy.
9 of 20 firms rate it buy now, against 9 of 16 in December 2025.
Each month: every firm at its latest rating from the 12 months before. Strong buys count as buys, strong sells as sells.
Exxon Mobil analyst upgrades, downgrades and price targets
The latest rating change came on 1 October 2026, when Wells Fargo downgraded Exxon Mobil from Overweight to Equal Weight. The most recent new target came from Goldman Sachs on 20 October 2026: 178.00.
| Date | Firm | Rating | Price target | Change | Price then |
|---|---|---|---|---|---|
| 20 Oct 2026 | Goldman Sachs Neil Mehta | — | 169.00 → 178.00 | +5.3% | 178.29 |
| 19 Oct 2026 | UBS Manav Gupta | — | 172.00 → 199.00 | +15.7% | 177.42 |
| 16 Oct 2026 | Goldman Sachs Neil Mehta | — | 169.00 | — | 177.30 |
| 1 Oct 2026 | Wells Fargo | Downgraded · Overweight → Equal Weight | — | — | — |
| 25 Sept 2026 | HSBC | — | 158.00 → 90.00 | -43.0% | 162.05 |
| 25 Sept 2026 | UBS | — | 168.00 → 172.00 | +2.4% | 162.05 |
| 3 Sept 2026 | Piper Sandler | Reiterated · Neutral | 158.00 → 185.00 | +17.1% | 164.17 |
| 19 Aug 2026 | Morgan Stanley | Reiterated · Overweight | 171.00 → 177.00 | +3.5% | 167.97 |
| 17 Aug 2026 | Barclays | Reiterated · Overweight | 182.00 → 177.00 | -2.7% | 160.09 |
| 7 Aug 2026 | UBS | — | 174.00 → 168.00 | -3.4% | 154.83 |
| 4 Aug 2026 | Freedom Broker | Upgraded · Sell → Hold | — | — | — |
| 3 Aug 2026 | HSBC | — | 158.00 | — | 155.46 |
| 3 Aug 2026 | Wells Fargo Sam Margolin | — | 185.00 → 182.00 | -1.6% | 155.46 |
| 28 Jul 2026 | B of A Securities | Downgraded · Buy → Neutral | — | — | — |
| 23 Jul 2026 | Piper Sandler John Royall | — | 182.00 → 158.00 | -13.2% | 154.45 |
| 9 Jul 2026 | Mizuho Securities | Reiterated · Neutral | 175.00 → 170.00 | -2.9% | 140.95 |
| 16 Jun 2026 | B of A Securities | Upgraded · Neutral → Buy | — | — | — |
| 27 May 2026 | Mizuho Securities | Reiterated · Neutral | 140.00 → 175.00 | +25.0% | 149.85 |
| 26 May 2026 | Barclays Betty Jiang | Reiterated · Overweight | 145.00 → 182.00 | +25.5% | 154.92 |
| 11 May 2026 | Bernstein Bob Brackett | Reiterated · Outperform | 137.00 → 182.00 | +32.8% | 144.39 |
| 4 May 2026 | UBS | Reiterated · Buy | 171.00 → 174.00 | +1.8% | 152.40 |
| 21 Apr 2026 | Wolfe Research | Downgraded · Outperform → Peer Perform | — | — | — |
| 17 Apr 2026 | Morgan Stanley | Reiterated · Overweight | 172.00 → 171.00 | -0.6% | 143.53 |
| 17 Apr 2026 | BNP Paribas Lucas Herrmann | Upgraded · Underperform → Neutral | 125.00 → 165.00 | +32.0% | 151.85 |
| 9 Apr 2026 | RBC Capital | Reiterated · Sector Perform | 150.00 → 180.00 | +20.0% | 155.04 |
| 9 Apr 2026 | Jefferies | Reiterated · Buy | 148.00 → 184.00 | +24.3% | 155.04 |
| 9 Apr 2026 | Piper Sandler Ryan Todd | Reiterated · Overweight | 142.00 → 182.00 | +28.2% | 155.04 |
| 9 Apr 2026 | Wells Fargo Sam Margolin | Reiterated · Overweight | 183.00 → 185.00 | +1.1% | 155.04 |
| 8 Apr 2026 | Wolfe Research Doug Leggate | Reiterated · Outperform | 153.00 | — | 156.22 |
| 27 Mar 2026 | Morgan Stanley | Reiterated · Overweight | 134.00 → 172.00 | +28.4% | 170.99 |
| 24 Feb 2026 | Wells Fargo Sam Margolin | Reiterated · Overweight | 158.00 → 183.00 | +15.8% | 150.83 |
| 4 Feb 2026 | BMO Capital | — | 155.00 | — | 143.78 |
| 4 Feb 2026 | Mizuho Securities | — | 132.00 → 140.00 | +6.1% | 143.78 |
| 3 Feb 2026 | Loop Capital Markets Sergey Pigarev | — | 123.00 | — | 143.92 |
| 3 Feb 2026 | Barclays | Reiterated · Overweight | 140.00 → 145.00 | +3.6% | 138.36 |
| 3 Feb 2026 | BNP Paribas | — | 125.00 | — | 138.36 |
| 2 Feb 2026 | RBC Capital | Reiterated · Sector Perform | 150.00 | — | 139.14 |
| 2 Feb 2026 | UBS | — | 145.00 → 171.00 | +17.9% | 141.63 |
| 23 Jan 2026 | Morgan Stanley Devin McDermott | Reiterated · Overweight | 137.00 → 134.00 | -2.2% | 135.57 |
| 21 Jan 2026 | Barclays Betty Jiang | Reiterated · Overweight | 126.00 → 140.00 | +11.1% | 132.78 |
| 8 Jan 2026 | Piper Sandler | Reiterated · Overweight | 141.00 → 142.00 | +0.7% | 118.49 |
| 6 Jan 2026 | Freedom Capital Markets | Downgraded · Hold → Sell | — | — | — |
| 6 Jan 2026 | Freedom Broker | Downgraded · Hold → Sell | — | — | — |
| 5 Jan 2026 | Bernstein | Reiterated · Outperform | 137.00 | — | 122.65 |
| 12 Dec 2025 | Mizuho Securities | Reiterated · Neutral | 123.00 → 132.00 | +7.3% | 119.54 |
| 11 Dec 2025 | Wells Fargo | Reiterated · Overweight | 127.00 → 158.00 | +24.4% | 119.54 |
| 10 Dec 2025 | Jefferies | Reiterated · Buy | 148.00 | — | 119.00 |
| 10 Dec 2025 | Morgan Stanley Devin McDermott | Reiterated · Overweight | 138.00 → 137.00 | -0.7% | 118.23 |
Exxon Mobil EPS and revenue estimatesWhat are estimate revisions? Estimate revisions are the changes analysts make to their EPS and revenue forecasts for the years ahead. They show whether expectations are rising or falling.
Analysts expect Exxon Mobil's EPS to grow 14.9% a year until 2028.
Analysts expect Exxon Mobil's revenue to grow 6.8% a year until 2028. Over the last 5 years it grew 12.6% a year, and over the last 3 years it fell 6.7%.
Revenue
EPS
Does Exxon Mobil beat earnings estimates?What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
On average, analysts' EPS estimate was 5.3% off the result, either way, and their revenue estimate 4.2%, over the last 12 quarters.
- EPS beats
- 81 / 126
- Revenue beats
- 53 / 111
- Average EPS surprise, last 12What is an earnings surprise? An earnings surprise is how far a company's reported EPS or revenue came above or below the analysts' average estimate, in percent.
- +3.1%
- Since
- January 1993
| Quarter | Report date | EPS estimate | Reported EPS | Surprise | Revenue estimate | Reported revenue | Surprise |
|---|---|---|---|---|---|---|---|
| Q3 FY2026 | 30 Oct 2026 | 4.12 | 4.23 | +2.7% | 104.89B | 113.16B | +7.9% |
| Q2 FY2026 | 31 Jul 2026 | 3.56 | 3.52 | -1.1% | 109.94B | 116.02B | +5.5% |
| Q1 FY2026 | 1 May 2026 | 0.98 | 1.16 | +17.9% | 81.13B | 85.14B | +4.9% |
| Q4 FY2025 | 30 Jan 2026 | 1.70 | 1.71 | +0.6% | 80.63B | 82.31B | +2.1% |
| Q3 FY2025 | 31 Oct 2025 | 1.82 | 1.88 | +3.3% | 86.47B | 83.33B | -3.6% |
| Q2 FY2025 | 1 Aug 2025 | 1.57 | 1.64 | +4.5% | 80.70B | 79.48B | -1.5% |
| Q1 FY2025 | 2 May 2025 | 1.75 | 1.76 | +0.6% | 86.35B | 81.06B | -6.1% |
| Q4 FY2024 | 31 Jan 2025 | 1.77 | 1.67 | -5.6% | 86.33B | 81.06B | -6.1% |
| Q3 FY2024 | 1 Nov 2024 | 1.88 | 1.92 | +2.1% | 89.97B | 87.79B | -2.4% |
| Q2 FY2024 | 2 Aug 2024 | 2.01 | 2.14 | +6.5% | 93.45B | 89.99B | -3.7% |
| Q1 FY2024 | 26 Apr 2024 | 2.20 | 2.06 | -6.4% | 82.23B | 80.41B | -2.2% |
| Q4 FY2023 | 2 Feb 2024 | 2.21 | 2.48 | +12.2% | 85.23B | 81.69B | -4.2% |
Exxon Mobil stock price 2026–2030: scenariosHow are the stock price scenarios calculated? Bear, base and bull prices for the years ahead: the analysts' EPS estimates times the lowest, average and highest P/E of the stock today and at its last five year ends, or of its peers.
If Exxon Mobil's earnings keep growing at the 13.3% a year analysts expect to FY2028, it would earn about 13.03 a share in FY2030. At the P/E it has traded at over the last five years (8.3 to 18.0) that is 108.35 to 233.96 a share, or 172.90 at its average P/E of 13.3. This is arithmetic on the analysts' estimates, not a prediction.
| Fiscal year | EPS | Bear | Base | Bull |
|---|---|---|---|---|
| FY2026 | 13.46 | 111.97 | 178.68 | 241.76 |
| FY2027 | 12.16 | 101.19 | 161.48 | 218.49 |
| FY2028 | 10.15 | 84.47 | 134.80 | 182.39 |
| FY2029 (extrapolated) | 11.50 | 95.67 | 152.67 | 206.57 |
| FY2030 (extrapolated) | 13.03 | 108.35 | 172.90 | 233.96 |
Each year's EPS is the analysts' consensus to FY2028; the years after grow 13.3% a year (the analysts' growth, at most 15%). Bear, base and bull apply the lowest, average and highest P/E of today and the last five fiscal year ends, leaving out any above 60, the mark of a year of collapsed earnings (8.3, 13.3, 18.0).
Is Exxon Mobil stock undervalued or overvalued?How does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
Exxon Mobil's P/E of 17.0 is above the middle of its 5-year range (6.8 to 27.4, median 14.0). Analysts expect faster growth than in recent years, which can explain part of the high P/E. At the median P/E of its peers (31.8 × EPS of 9.73), Exxon Mobil's fair value is 308.95; the price, 165.86, is 46.3% below it. Its forward P/E, on the consensus for FY2026, is 12.3.
Fair value on the peers is the median P/E of the US companies of its industry closest in size times its earnings per share of the last twelve months; the ends of the bar are the same earnings at the lowest and highest peer P/E (21.8 and 45.4). The price against its P/E range
- Price to earnings ratio (TTM)What is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 17.05
- Five-year median P/EWhat is the P/E ratio? The P/E ratio divides a share's price by its earnings per share over the last year: what you pay for each dollar of profit.
- 14.02
- Five-year P/E range
- 6.8 – 27.4
- Forward P/E (FY2026)What is the forward P/E ratio? Forward P/E divides a share's price by the earnings per share analysts expect in the coming year, rather than last year's actual earnings.
- 12.32
- PEG ratioWhat is the PEG ratio? The PEG ratio divides the P/E by the yearly earnings growth analysts expect, to show how much you pay for each point of growth.
- 1.29
- To the average targetWhat is an analyst price target? A price target is the price an analyst expects a stock to reach in 12 months. Arincen shows the average, high and low targets and the upside to the average.
- +3.2%
Most undervalued US stocksHow does Arincen work out a stock's fair value? Fair value is our estimate of a share's price at the P/E the company usually trades at, with a low to high range around it.
| Stock | Price | Fair value | Upside |
|---|---|---|---|
| 99.090 | 194.93146Price 99.09244 | +96.7% | |
| 42.225 | 82.9546Price 42.23165 | +96.4% | |
| 186.680 | 360.82271Price 186.68451 | +93.3% | |
| 213.670 | 405.57304Price 213.67507 | +89.8% | |
| 161.160 | 305.51157Price 161.16396 | +89.6% | |
| 160.650 | 300.09225Price 160.65375 | +86.8% |
Furthest below the fair value on each stock's page, updated every day.