ExxonMobil (NYSE:XOM) Shares Climb 2% After Better-Than-Expected Earnings

ExxonMobil Corporation (NYSE:XOM)’s stock price was up 2% on Friday after the company announced better than expected quarterly earnings. The stock traded as high as $188.50 and last traded at $187.03. Approximately 21,158,291 shares changed hands during trading, an increase of 19% from the average daily volume of 17,716,568 shares. The stock had previously closed at $183.29.

The oil and gas company reported $4.23 earnings per share (EPS) for the quarter, beating analysts’ consensus estimates of $4.12 by $0.11. The business had revenue of $110.50 billion for the quarter, compared to the consensus estimate of $104.89 billion. ExxonMobil had a net margin of 8.88% and a return on equity of 13.14%. During the same period in the previous year, the firm earned $1.88 EPS.

ExxonMobil News Roundup

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Quarterly earnings beat expectations. ExxonMobil reported third-quarter adjusted EPS of $4.23, above the $4.12 consensus, while revenue of $110.5 billion also exceeded estimates. Net income reached $15.4 billion, compared with $6.75 billion a year earlier. ExxonMobil Announces Third-Quarter 2026 Results
• Positive Sentiment: Refining was the primary profit driver. Record refining margins and strong North American diesel output more than offset weaker oil prices, with refining earnings surpassing upstream earnings for the first time in six years. Exxon’s Refineries Out-Earned Its Oil Wells
• Positive Sentiment: Shareholder returns were increased. ExxonMobil raised its dividend by approximately 3.9% and announced plans for $20 billion in share repurchases during 2027, strengthening the investment case for income and capital returns. ExxonMobil Raises Dividend and Sets Buyback Plan
• Positive Sentiment: Energy-market conditions remain supportive. Brent crude was approaching $120 per barrel amid escalating Middle East tensions, while conflicts involving Iran and Russia continued to tighten fuel markets and support refining margins. Exxon and Chevron Earnings Propelled by Refining Surge
• Neutral Sentiment: Options activity was unusually bullish, with traders purchasing roughly 79,748 XOM call options, about 28% above average call volume. This signals optimism but is not a fundamental change in the company’s outlook.
• Negative Sentiment: Geopolitical exposure remains a risk. ExxonMobil’s CEO said global refining disruptions may not have a quick fix, and executives canceled planned travel to a Gulf energy conference because of security concerns. Higher prices benefit profits but could also damage demand and create operational risks. ExxonMobil CEO Sees No Quick Fix for Refining Disruptions

Analyst Upgrades and Downgrades

Several brokerages recently issued reports on XOM. Barclays boosted their price target on shares of ExxonMobil from $177.00 to $200.00 and gave the company an “overweight” rating in a research report on Monday, October 19th. BMO Capital Markets raised their price objective on shares of ExxonMobil from $160.00 to $170.00 and gave the stock a “market perform” rating in a report on Wednesday, August 12th. HSBC reiterated a “hold” rating and set a $90.00 target price on shares of ExxonMobil in a report on Friday, September 25th. The Goldman Sachs Group reissued a “neutral” rating and issued a $178.00 target price on shares of ExxonMobil in a research report on Tuesday, October 20th. Finally, BNP Paribas Exane lowered their target price on ExxonMobil from $165.00 to $155.00 and set a “neutral” rating for the company in a research note on Friday, July 17th. One investment analyst has rated the stock with a Strong Buy rating, eleven have issued a Buy rating and fourteen have assigned a Hold rating to the company. Based on data from MarketBeat, the stock currently has an average rating of “Moderate Buy” and a consensus price target of $167.70.

Institutional Investors Weigh In On ExxonMobil

Hedge funds and other institutional investors have recently bought and sold shares of the business. MFG Investments LLC purchased a new position in ExxonMobil in the third quarter worth about $473,000. Provenance Wealth Advisors LLC raised its position in ExxonMobil by 313.5% during the third quarter. Provenance Wealth Advisors LLC now owns 13,241 shares of the oil and gas company’s stock valued at $2,155,000 after purchasing an additional 10,039 shares during the period. Ackerman Capital Advisors LLC raised its position in ExxonMobil by 6.6% during the third quarter. Ackerman Capital Advisors LLC now owns 20,631 shares of the oil and gas company’s stock valued at $3,358,000 after purchasing an additional 1,276 shares during the period. One Day In July LLC raised its position in ExxonMobil by 4.7% during the third quarter. One Day In July LLC now owns 8,387 shares of the oil and gas company’s stock valued at $1,365,000 after purchasing an additional 375 shares during the period. Finally, Hughes Financial Services LLC lifted its stake in shares of ExxonMobil by 3.4% in the 3rd quarter. Hughes Financial Services LLC now owns 3,757 shares of the oil and gas company’s stock valued at $611,000 after purchasing an additional 124 shares during the last quarter. Hedge funds and other institutional investors own 61.80% of the company’s stock.

ExxonMobil Price Performance

The firm has a market capitalization of $775.23 billion, a P/E ratio of 24.07, a price-to-earnings-growth ratio of 0.91 and a beta of 0.21. The company has a current ratio of 1.13, a quick ratio of 0.85 and a debt-to-equity ratio of 0.12. The firm has a 50 day moving average price of $167.35 and a 200-day moving average price of $154.04.

About ExxonMobil

Exxon Mobil Corporation, doing business as ExxonMobil (NYSE:XOM), is an integrated energy company engaged in the exploration, development, production, and sale of crude oil and natural gas. Its operations span the energy value chain, from resource development and refining to the marketing and distribution of fuels and other energy products.

Through its Energy Products segment, ExxonMobil manufactures and markets transportation fuels, lubricants, and other petroleum-based products. Its Chemical Products business produces petrochemicals, including commodity and performance products used in packaging, automotive components, construction materials, and consumer goods.