Street View: Exxon Mobil keeps long‑term focus amid market noise

Morningstar

04/05/2026 12:56

** Exxon Mobil XOM.N beat adjusted Q1 earnings estimates on Friday, boosted by higher output in Guyana and the Permian, but net income fell to a five‑year low as CEO warned Iran‑related supply disruptions could worsen

** Median price target of 27 brokerages covering the stock is $165 - LSEG compiled data

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** Raymond James ("market perform") says that while the Middle East conflict is likely to affect operations in Q2 and beyond, Exxon’s global footprint allows it to mitigate the impact through operational optimization

** Morningstar (fair value: $156) says Q1 reflects broader market volatility rather than company‑specific issues; firm continues to add high‑margin volumes and cut structural costs, keeping it on track to meet its 2030 targets

** Evercore ISI ("outperform," PT: $185) says markets will focus on near‑term volume and margin effects, but XOM is built to weather uncertainty and should emerge stronger, even as others see sharper swings from price spikes

** Morgan Stanley ("overweight," PT: $171) says co's chemicals business is better positioned than peers, benefiting from its close integration with refining and upstream operations, growing sales of higher‑value products, and efficiency gains that are lowering costs

 (Reporting by Kanishka Ajmera in Bengaluru)

 ((Kanishka.Ajmera@thomsonreuters.com))