Oil Prices Decline: Oil prices fell sharply, with Brent crude down 2% to $62.09 per barrel and U.S. West Texas Intermediate down 2.4% to $57.61, amid bearish market sentiment influenced by geopolitical developments.
Trump's Peace Plan: President Trump's administration is reportedly proposing a peace deal for the Russia-Ukraine war that includes Ukraine ceding territory and limiting its military, raising skepticism among analysts regarding its viability.
Market Reactions: Energy stocks, including major companies like Shell, BP, Exxon Mobil, and Chevron, experienced declines, reflecting investor concerns over the proposed peace plan and its implications for the energy market.
Sanctions and Economic Factors: Market participants are also monitoring the impact of new U.S. sanctions against Russian oil producers and the potential effects of a stronger U.S. dollar and upcoming Federal Reserve interest rate decisions.
Wall Street analysts forecast XOM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for XOM is 132.17 USD with a low forecast of 114.00 USD and a high forecast of 158.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
19 Analyst Rating
Wall Street analysts forecast XOM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for XOM is 132.17 USD with a low forecast of 114.00 USD and a high forecast of 158.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
12 Buy
7 Hold
0 Sell
Moderate Buy
Current: 133.640
Low
114.00
Averages
132.17
High
158.00
Current: 133.640
Low
114.00
Averages
132.17
High
158.00
Barclays
Betty Jiang
Overweight
maintain
$130 -> $140
2026-01-21
New
Reason
Barclays
Betty Jiang
Price Target
$130 -> $140
AI Analysis
2026-01-21
New
maintain
Overweight
Reason
Barclays analyst Betty Jiang raised the firm's price target on Exxon Mobil to $140 from $130 and keeps an Overweight rating on the shares. The firm adjusted ratings and targets in the exploration and production group as part of a Q4 preview. The upstream sector's cash return model "remains resilient" amid macro volatility, the analyst tells investors in a research note. Barclays see attractive opportunities in U.S. onshore. It tells investors to "tread carefully" through the near-term commodity uncertainty.
JPMorgan
Arun Jayaram
Overweight
maintain
$124 -> $133
2026-01-20
New
Reason
JPMorgan
Arun Jayaram
Price Target
$124 -> $133
2026-01-20
New
maintain
Overweight
Reason
JPMorgan analyst Arun Jayaram raised the firm's price target on Exxon Mobil to $133 from $124 and keeps an Overweight rating on the shares. The firm adjusted ratings and targets in the integrated oils sector as part of its 2026 outlook. The outlook for the group continues to shaped by supply side risks for oil, but a more constructive outlook downstream, the analyst tells investors in a research note. Amid the rise in geopolitical risks, JPMorgan says the U.S. majors screen more attractive than the Canadian integrateds. It cites relative valuations for the rating changes.
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Scotiabank
Paul Cheng
Outperform
downgrade
$155 -> $128
2026-01-16
Reason
Scotiabank
Paul Cheng
Price Target
$155 -> $128
2026-01-16
downgrade
Outperform
Reason
Scotiabank analyst Paul Cheng lowered the firm's price target on Exxon Mobil to $128 from $155 and keeps an Outperform rating on the shares. The firm is updating its price targets for U.S. Integrated Oil, Refining, and Large Cap Exploration & Production, E&P, stocks under its coverage, the analyst tells investors. Scotiabank expects earnings for the quarter to be straightforward due to the absence of major winter weather disruptions. Additionally, looking ahead, the firm expects investors to focus on whether recent market turmoil will cause changes to 2026 guidance and if any E&P companies will adopt cost reduction programs.
Piper Sandler
Overweight
to
NULL
downgrade
$144 -> $142
2026-01-08
Reason
Piper Sandler
Price Target
$144 -> $142
2026-01-08
downgrade
Overweight
to
NULL
Reason
Piper Sandler lowered the firm's price target on Exxon Mobil to $142 from $144 and keeps an Overweight rating on the shares. The firm says that entering 2026, while the chairs have shuffled around a bit, the song remains similar to twelve months ago - a bearish crude outlook that is likely to make it difficult for the sector to outperform the broader market. On the flip side, Piper sees the refining market as even better than 2025, driven by what it expects to be incrementally tighter S/D and crude differential tailwinds.
About XOM
Exxon Mobil Corporation is an energy provider and chemical manufacturer. The Company’s principal business involves exploration for, and production of, crude oil and natural gas; the manufacture, trade, transport and sale of crude oil, natural gas, petroleum products, petrochemicals and a wide variety of specialty products; and pursuit of lower-emission and other new business opportunities, including carbon capture and storage, hydrogen, lower-emission fuels, Proxxima systems, carbon materials, and lithium. Its Upstream segment explores for and produces crude oil and natural gas. The Energy Products, Chemical Products, and Specialty Products segments manufacture and sell petroleum products and petrochemicals. Energy Products segment includes fuels, aromatics, and catalysts and licensing. Chemical Products segment consists of olefins, polyolefins, and intermediates. Specialty Products segment includes finished lubricants, basestocks and waxes, synthetics, and elastomers and resins.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
