Erste Group Bank Weighs in on ExxonMobil FY2026 Earnings

ExxonMobil Corporation (NYSE:XOM) – Research analysts at Erste Group Bank issued their FY2026 earnings estimates for ExxonMobil in a research report issued on Tuesday, September 8th. Erste Group Bank analyst H. Engel forecasts that the oil and gas company will post earnings of $11.60 per share for the year. The consensus estimate for ExxonMobil’s current full-year earnings is $11.93 per share.

A number of other research firms have also recently commented on XOM. Weiss Ratings upgraded ExxonMobil from a “hold (c)” rating to a “buy (b-)” rating in a research report on Tuesday, August 4th. Wells Fargo & Company reaffirmed an “overweight” rating and set a $182.00 target price on shares of ExxonMobil in a report on Monday, August 3rd. Barclays cut their price target on ExxonMobil from $182.00 to $177.00 and set an “overweight” rating for the company in a report on Monday, August 17th. Morgan Stanley raised their price objective on shares of ExxonMobil from $168.00 to $177.00 and gave the stock an “overweight” rating in a research report on Wednesday, August 19th. Finally, DZ Bank downgraded ExxonMobil from a “buy” rating to a “hold” rating and set a $156.00 target price on the stock. in a research report on Tuesday, August 4th. Ten equities research analysts have rated the stock with a Buy rating and twelve have given a Hold rating to the stock. According to MarketBeat.com, the company currently has an average rating of “Hold” and a consensus target price of $167.45.

ExxonMobil Stock Up 2.5%

ExxonMobil stock opened at $169.28 on Monday. The firm has a market cap of $701.65 billion, a price-to-earnings ratio of 21.79, a price-to-earnings-growth ratio of 1.01 and a beta of 0.18. The company has a quick ratio of 0.85, a current ratio of 1.13 and a debt-to-equity ratio of 0.12. The business’s 50-day moving average price is $156.76 and its 200 day moving average price is $153.03. ExxonMobil has a 52 week low of $110.39 and a 52 week high of $176.41.

ExxonMobil (NYSE:XOM) last issued its earnings results on Friday, July 31st. The oil and gas company reported $3.52 earnings per share (EPS) for the quarter, missing the consensus estimate of $3.56 by ($0.04). ExxonMobil had a return on equity of 13.14% and a net margin of 8.88%.The business had revenue of $114.53 billion for the quarter, compared to analysts’ expectations of $109.94 billion. During the same period last year, the business earned $1.64 EPS.

Institutional Inflows and Outflows

Several institutional investors and hedge funds have recently added to or reduced their stakes in XOM. Assetmark Inc. grew its position in shares of ExxonMobil by 8.3% during the 1st quarter. Assetmark Inc. now owns 492,309 shares of the oil and gas company’s stock worth $83,525,000 after buying an additional 37,666 shares during the period. Charles Schwab Trust Co increased its position in shares of ExxonMobil by 392.9% in the 2nd quarter. Charles Schwab Trust Co now owns 122,223 shares of the oil and gas company’s stock valued at $16,710,000 after buying an additional 97,424 shares in the last quarter. CV Advisors LLC raised its position in shares of ExxonMobil by 126.7% during the second quarter. CV Advisors LLC now owns 11,589 shares of the oil and gas company’s stock worth $1,584,000 after purchasing an additional 6,478 shares during the period. Midwest Trust Co raised its holdings in ExxonMobil by 3.9% during the 1st quarter. Midwest Trust Co now owns 710,969 shares of the oil and gas company’s stock worth $120,623,000 after buying an additional 26,411 shares during the period. Finally, King Luther Capital Management Corp raised its holdings in shares of ExxonMobil by 2.4% during the fourth quarter. King Luther Capital Management Corp now owns 1,664,995 shares of the oil and gas company’s stock worth $200,366,000 after acquiring an additional 38,492 shares during the period. Institutional investors and hedge funds own 61.80% of the company’s stock.

ExxonMobil Announces Dividend

The business also recently announced a quarterly dividend, which was paid on Thursday, September 10th. Investors of record on Monday, August 17th were issued a $1.03 dividend. The ex-dividend date was Monday, August 17th. This represents a $4.12 dividend on an annualized basis and a yield of 2.4%. ExxonMobil’s dividend payout ratio (DPR) is 53.02%.

Key Headlines Impacting ExxonMobil

Here are the key news stories impacting ExxonMobil this week:

• Positive Sentiment: Higher crude oil and diesel prices are supporting ExxonMobil’s upstream earnings outlook. Although the Joliet refinery outage removes approximately 264,000 barrels per day of refining capacity, the disruption is also tightening regional fuel supplies and boosting refining margins. Exxon Rises as $6 Diesel Meets a Refinery Shutdown
• Positive Sentiment: ExxonMobil’s subsidiary received tenders for more than $1.18 billion of Pioneer Natural Resources notes and announced pricing and settlement terms for the cash offers. The transaction advances integration of Pioneer’s debt and may be viewed as disciplined balance-sheet management following the acquisition. ExxonMobil Announces Pricing Terms, Expiration and Results of Cash Tender Offers
• Positive Sentiment: Texas regulators approved ExxonMobil’s approximately $5 billion carbon-capture project after a lengthy permitting process. Approval creates a path for a major lower-carbon investment, although the project remains subject to implementation and political scrutiny. Texas Regulator Approves Exxon’s $5B Carbon Capture Project
• Positive Sentiment: A five-year, $200 million contract for ExxonMobil’s Papua New Guinea LNG operations supports continued investment in the company’s gas business. Management also said U.S. LNG could account for roughly 30% of global supply by 2030, reinforcing the long-term growth narrative. Wood Secures $200m Contract from ExxonMobil for PNG LNG Project
• Neutral Sentiment: A Texas regulator, Commissioner Christian, opposed the Rose carbon-capture permit over safety and subsidy concerns. The opposition could create additional legal or regulatory delays despite the separate project approval. RRC’s Christian Opposes ExxonMobil Rose CCS Permit
• Negative Sentiment: The Joliet refinery suffered a power outage and shutdown, potentially reducing near-term production and increasing repair and restart costs. Separately, ExxonMobil’s Baytown refinery reportedly released more than 54,000 pounds of unauthorized air pollution, raising potential compliance, reputational, and remediation risks. Exxon Mobil’s Joliet Refinery Reports Upset Due to Power Outage

About ExxonMobil

Exxon Mobil Corporation, doing business as ExxonMobil, is an integrated energy company engaged in the exploration, development, production and marketing of crude oil and natural gas. Its upstream operations support oil and natural gas production in multiple regions worldwide, while its downstream businesses refine crude oil into fuels and other petroleum products for commercial, industrial and consumer markets.

Through its product solutions businesses, ExxonMobil manufactures and markets lubricants, specialty fluids, petroleum-derived products and chemical products, including commodity and performance chemicals used in packaging, automotive components, construction materials and other industrial applications.