ExxonMobil Holdings Corporation (XOM) Stock Price & How to Invest

Exxon Mobil is one of the world's largest publicly traded integrated oil and gas companies. It makes money across three main segments: Upstream, which finds and produces crude oil and natural gas; Product Solutions, which refines crude into fuels and manufactures petrochemicals and specialty products; and the newer Low Carbon Solutions unit, which is building carbon capture and storage, hydrogen, and lithium businesses. Being integrated means Exxon captures value along the full chain, from the wellhead to the gas pump and the chemical plant, which can smooth results when one part of the business is weak.

The modern company was formed by the 1999 merger of Exxon and Mobil, both descendants of Standard Oil. Its biggest recent move was the 2024 acquisition of Pioneer Natural Resources, which made Exxon the dominant producer in the Permian Basin, while offshore Guyana has become a major low-cost growth engine. In full-year 2025 Exxon reported earnings of about $28.8 billion and record production of roughly 4.7 million oil-equivalent barrels per day, the highest in over 40 years, with the Permian around 1.6 million boe/d and Guyana ramping past 875,000 gross barrels per day. The company returned $37.2 billion to shareholders in 2025, including $17.2 billion of dividends and $20.0 billion of buybacks.

2026 has been a much stronger year. Second-quarter revenue jumped to about $116 billion, up roughly 44% from a year earlier, and quarterly earnings reached about $14.5 billion, more than triple the roughly $4.2 billion of the first quarter; Yahoo Finance records EPS of $4.11 against a $3.63 estimate. Trailing-twelve-month revenue is about $361 billion and net income about $32.8 billion. In an October 16, 2026 filing previewing the third quarter, Exxon flagged a $4.4 billion boost from higher industry margins versus the second quarter, a $0.3 billion lift from natural gas prices and a $1.3 billion drag from lower crude, condensate and NGL prices; full results are due October 30, 2026, with consensus EPS near $3.78. The stock closed near $176 on October 16, 2026, up about 44% year to date, and the listed parent has been ExxonMobil Holdings Corporation since a July 1, 2026 reorganization that moved the company's legal domicile from New Jersey to Texas, still trading under the XOM ticker.

Exxon's earnings are highly cyclical because they swing with oil and natural gas prices, which the company does not control and which depend on global supply, demand, and OPEC decisions. The long-term energy transition is a structural risk: if electric vehicles and renewables erode oil and gas demand faster than expected, future returns and the value of reserves could fall. After a roughly 44% rise in 2026 the shares sit near a 52-week high of about $178.69, so a fall back in oil prices or refining margins would hit both earnings and sentiment from an elevated base; analysts' mean price target (about $174) is already below the October 16 close. Exxon also spends heavily on capital projects (capex was about $29 billion in 2025), so capital-allocation discipline matters, and the company faces geopolitical risk in regions where it operates as well as regulatory, tax, litigation, and climate-policy pressure that could raise costs or limit growth.

22 analysts publish price targets on XOM, averaging $174.00 against a $178.98 price as of October 2026, or -2.8%. The published targets run from $142.00 to $200.00, a moderate spread, and the ratings split 9 buy, 16 hold, 0 sell. Over the last six months there have been 7 raises and 4 cuts among the published actions. A price target is what an analyst published on a date, not a prediction, and sell-side ratings skew positive across the whole market.

Read the full XOM forecast and price target for the target table, the recent rating actions by firm, and how the consensus has shifted.

We give no verdict on ExxonMobil Holdings Corporation. Both cases are real, which is why the question is contested at all, so here is the strongest version of each.

The case for buying. Record low-cost production growth. Exxon produced a record 4.7 million oil-equivalent barrels per day in 2025, its highest output in more than 40 years. The most optimistic published target, $200.00, assumes this works close to its best case.

The case against. Exxon's earnings are highly cyclical because they swing with oil and natural gas prices, which the company does not control and which depend on global supply, demand, and OPEC decisions. The most pessimistic target, $142.00, is roughly what XOM is worth if this bites instead.

Read the full bull and bear case on XOM, including what would have to change to break either one. Walnut is not an investment adviser.

No. ExxonMobil Holdings Corporation (XOM) has not split its stock in the last 10 years. That is a statement about the window we check rather than about the company’s entire history, so an older split is possible. It also matters less than it once did: fractional shares mean a high price per share no longer keeps smaller investors out, which removed most of the practical reason to split.

A simple financial snapshot. These are approximations and refresh quarterly; for current figures see ExxonMobil Holdings Corporation's investor relations page or your broker.

• Revenue (TTM): ~$361 billion (FY2025 ~$332 billion)
• Net income (TTM): ~$32.8 billion (FY2025 ~$28.8 billion)
• Q2 2026 earnings: ~$14.5 billion on ~$116 billion of revenue
• EPS (TTM / forward): ~$7.77 / ~$11.55
• P/E (trailing / forward): ~22.7x / ~15.3x
• Dividend yield: ~2.4% ($4.12/yr)
• Shareholder returns (FY2025): $37.2B ($17.2B dividends + $20.0B buybacks)
• Market cap: ~$725 billion

An integrated oil major like Exxon is best read through the commodity cycle rather than a single quarter. As of October 16, 2026 XOM traded near $176, about 22.7 times trailing and 15.3 times forward earnings, with trailing earnings still including weaker late-2025 quarters and forward estimates reflecting the 2026 price and margin surge. The key is whether free cash flow (about $20.7 billion over the trailing year) comfortably funds the dividend and buybacks across the cycle; Exxon's low-cost Permian and Guyana barrels are meant to do exactly that. Third-quarter results arrive October 30, 2026.

If you want XOM exposure as part of a larger bundle rather than directly, these ETFs hold it meaningfully. Weights are approximate and refresh quarterly.

These are the investment theses XOM naturally fits into. Each links to a full theme guide listing every other stock that belongs and the ETFs commonly used as a passive proxy.

Other names that sit close to XOM: same theme, named as a direct competitor, or held beside it in the same funds. Each entry says which. Worth a look if you are thinking about diversification within a thesis rather than concentration on one ticker.

There are three common ways to get XOM exposure. Buy shares (or fractional shares) directly at any major broker. Hold an ETF that includes it (MTUM, HDV, NRGU), which spreads the position across many companies. Or build it into a focused thematic portfolio, so XOM sits alongside other stocks that express the same thesis.

Walnut takes the portfolio route. Describe a thesis where XOM fits (for example “AI infrastructure” or “dividend-growth large-caps”) and the AI proposes 5 to 6 constituents with target weights. You review the plan and fund it through your own broker when you're ready.

New to this? Start with how to invest in stocks, see how to analyze a stock with AI, or compare the best AI stock analyzers.

Exxon Mobil is a large-cap integrated energy major whose earnings rise and fall with oil and gas prices, while its low-cost Permian and Guyana barrels, dividend, and buybacks are meant to reward shareholders across the cycle. It tends to behave as a cyclical income stock: a modest, slow-growing dividend with share-price swings that track commodity prices, so total return depends heavily on where energy prices go. In 2026 that link has worked in shareholders' favour, with second-quarter earnings of about $14.5 billion and the stock near a 52-week high, which also means results are now running well above the mid-cycle level they would fall back to if prices ease.

Whether XOM is worth buying today depends more on your time horizon and what you already hold than on any single call. We walk through valuation, what would have to go right, and the risks in is XOM a buy or a sell?, and where the stock could go from here in the XOM stock forecast.

For income investors, whether XOM pays a dividend and how the payout looks is covered in does XOM pay a dividend? And to weigh XOM against a peer, read the full side-by-side comparisons: XOM vs CVX and XOM vs COP.