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Exxon Mobil Corporation (XOM) Stock Forecast & Price Predictions for 2021, 2022-2025 and Beyond


For many years, investors didn’t have to worry much about the Exxon Mobil Corp, mainly thanks to the company’s consistently large profits. But now there are at least two things that are making some investors nervous — the demand for clean energy infrastructure and the global economic slowdown.

The oil giant seems to be slow to react to changes in the energy landscape, having shown very little interest in investing in renewable energy up until recently. For the first time in 2021, Exxon disclosed the emissions from its products and created a business unit for carbon emissions-reducing technologies. The question is: will it be enough?

And in reaction to plummeting fossil-fuel demand, Exxon slashed its planned capital spending by about a third and cut as much as 15% of its workforce. Once again: will this improve the firm’s financial outlook?

We’ll find the answers in the numbers. In this article, we’ll be looking at XOM stock forecasts to gauge what analyst recommendations and various publications say about the company’s future. How will Exxon behave in the short term? How much will Exxon stock be in 10 years? Learn more about Exxon Mobil stock’s future below.

The article covers the following subjects:

Overview of the XOM Inc. Stock

Exxon Mobil Corporation is the largest United States corporation in the oil sector and one of the world’s largest companies by revenue overall.

Exxon explores, produces, transports, and sells crude oil and natural gas. The company also manufactures and markets commodity petrochemicals, such as olefins, aromatics, polyethylene, and other specialty products.

Here is a short summary for the stock (as of May 26, 2021):

  • Market cap: $246.65 billion

  • Shares outstanding: 4.23 billion

  • Public float: 4.23 billion

  • Earnings per share: -$4.47

  • Yield: 5.95%

  • Dividend: $0.87

  • Ex-dividend date: May 12, 2021

  • Percentage of float shorted: 0.87%

  • Average volume: 27.52 million

The current price for one XOM share is 53.84 USD.

Technically, the company was created in 1999 through the merger of Exxon (the Standard Oil Company of New Jersey) and Mobil (the Standard Oil Company of New York). But XOM shares were publicly available long before then.

Over the course of its history, XOM stock split five times.

Date of Split

Split Ratio

June 12, 1951

2 for 1

Feb. 10, 1956

3 for 1

July 14, 1976

2 for 1

May 15, 1981

2 for 1

Aug. 13, 1987

2 for 1

March 14, 1997

2 for 1

June 20, 2001

2 for 1

As you can see, ExxonMobil splits took place at regular intervals. There could have been another split during the 2007 stock crash, but the oil bust occurred before Exxon could pull the trigger.

What Will Drive Exxon’s Price in 2021 and Beyond?

In short, the Exxon stock forecast is heavily affected by the supply and demand for petroleum-based products, companies’ earnings expectations vs. reported results, and global events.

There are also discussions of a mega-merger between ExxonMobil and Chevron. The two companies would then produce about 14% of American petroleum and other similar petrochemicals. If regulators choose to approve a Chexxon merger, the news could make the stock quote skyrocket.

There is one important factor and its effect on the price projection is something that we want to highlight separately. It’s the ongoing global shift toward low carbon energy options.

There is an ongoing fear that oil and natural gas will start falling out of use, but with this, timing is key. The shift to solar and wind power will be too slow to move Exxon out of the picture, solidifying oil- and natural gas-based stock for quite some time.

But the stock also depends on a positive public image. That’s why the ExxonMobil Low Carbon Solutions business was launched. The realistic goal was set to develop innovative, large-scale carbon capture and storage (CCS) concepts. If carbon neutrality ambitions are met successfully over the next several decades, the stock price should not be disrupted by environmentally conscious regulators and activists.

XOM Price Predictions for 2021: Analysts’ Ratings

Is Exxon stock predicted to go up? Luckily, there are multiple analysts who have shared their XOM stock projections. The average price target for ExxonMobil stock across 22 Wall Street analysts is 56.68 US dollars. Below are seven firms with their most recent “Buy or Sell” ratings for the rest of 2021.

Mizuho Securities

Research analysts at Mizuho recently raised their price target from $58.00 to $66.00. The brokerage maintained a “Neutral” rating on the stock.

Werner Eisenmann, DZ Bank

DZ Bank analyst Werner Eisenmann has a bright XOM stock outlook. He recently upgraded his rating and recommended “Holding” instead of “Buying” while also announcing a $67 price target.

Credit Suisse Group, Manav Gupta

Manav Gupta from Credit Suisse reiterated a Neutral rating. The stock price target was raised from $66 to $69, citing expectations for better production growth.

Truist, Welles Fitzpatrick

Truist analyst Welles Fitzpatrick raised the firm’s price target on Exxon Mobil to $64 from $60. When boosting the price target, he did not comment on the rating, which was previously set at “Hold”. The analyst cited the company’s efforts in addressing shareholder and environmental concerns as it strives to reduce emissions and advance low carbon technology.

Bank of America, Doug Leggate

Doug Leggate at Bank of America reissued a “Buy” rating and maintained a $90 target price for the stock. He also added that the company was poised for a relative recovery after several years of lagging performance.

JPMorgan Chase & Co.

Exxon Mobil has been assigned a $74 price target by stock trading and investment analysts at JPMorgan Chase & Co. in a recent research note. The rating remains a solid “Buy”.

Giacomo Romeo, Jefferies Financial Group

Giacomo Romeo at Jefferies Financial Group reiterated his “Neutral” rating, with a $55 price target. The impact on the share price was considered high.

Exxon Mobil Stock Technical Analysis

Let us start the technical analysis of Exxon Mobil stock price with the longest timeframe.

In the monthly Exxon Mobiltechnical chart, there is a clear bearish trend that started in 2014.

In early 2020, the trend accelerated. Next, the bearish movement stopped at the support level of 30 US dollars.

The level retest in October 2020 was unsuccessful, after which the price started rolling up.

However, there is not much potential in the bullish movement. This is proven by two factors: 

In the long term, the most likely scenario suggests the Exxon Mobil rate should be moving in the range of 64 USD – 30 USD and retest the lower border.

For more accurate Exxon Mobil stock predictions, I will attach the Fibonacci grid to the chart to analyze the trend cycles. As you see, there can be defined four zones:

  • Zone 1 is the trend start. The price stayed for a long time in the zone and returned to it, which increases the chance of the Exxon Mobil trend reversal.

  • Zones 2 and 3 mark strong price movement. The price doesn’t stay in the zones for a long time, but their borders could be a barrier to a sharp price swing.

  • Zone 4 marks price extremes; there are current extreme values of the trend.

Exxon Mobil Analysis, according to the Fibonacci retracements, suggests that the bearish trend is not strong, the signs of weakness are:

Therefore, the scenario implying that the Exxon Mobil stock price should go below 30 USD doesn’t look realistic. Exxon Mobil projected stock price, following the downtrend, could enter the third zone, which will be the consolidation zone.

Exxon Mobil Stock Forecast For Next Three Months

To determine the Exxon Mobil projected stock price in the short term, I will perform a technical analysis of the daily XOM price chart.

Although the bear trend seems to be strong in the monthly timeframe, the market situation in the daily chart suggests the price should be trading flat in the red zone, between the levels of $50 and $60 in the next few months.

The MACD indicator and the RSI are in the equilibrium zone, there are no signs of the overbought or oversold state of the market. The XOM price had been trading in the above-indicated zone from February to June before it consolidated above the red zone, the Exxon Mobil outlook for consolidation from July to November seems to be quite realistic.

Therefore, Exxon Mobil projected price will be trading in the range of 50 USD – 60 USD, the trend will be down, and the Exxon Mobil future value will consolidate in the zone of 40 USD – 50 USD by December. 

Long-Term XOM shares Analysis for 2021/2022

Let us analyse Exxon Mobil price history to find the clues and outline the long-term forecast for the Exxon Mobil value for the next twelve months.

Having studied the Bollinger Band Width, I marked each month’s reference highs and lows in the daily Exxon Mobil prediction chart.

Until the spring of 2022, the XOM price chart should be trading down. It is difficult to predict the exact price target. The Exxon Mobil projected stock price should stop around level 30 USD. Next, the price should rebound.

The table below shows the expected Exxon Mobil trading range for each month. 

Month

XOM value

Maximum

Minimum

September

  2021

50

58

October

  2021

49

57

November

2021

49.5

56

December

2021

44.5

55.5

January  

2022

39

49

February 

2022

33.5

44

March

2022

29

39.2

April

2022

27.5

34

May

2022

27

35.5

June

2022

28

36.7

July

  2022

31

41

August 2022

33

43

XOM Long-Term Trading Plan

Based on the Exxon Mobil analysis, I suggest the Exxon Mobil stock predictions and a trading plan for the next twelve months.

According to the most likely scenario, one should enter a short trade on a correction around the level of 58 USD, marked with a blue line.

A reasonable stop loss is a little higher than the most recent local high, around 65 USD. This level is marked by the red line in the XOM vs. US dollar price chart.

The first target price is 30 USD, so a take profit would be a little higher; it is marked by the green line.

In the course of the bearish trend, I recommend noting any reversal signals, as the price will have to break out several Fibonacci levels serving as support zones.

To secure your trades after the position starts yielding a profit, I recommend setting a stop loss in the zero zone and activating a trailing stop.

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Exxon Mobil technical analysis is presented by Mikhail Hypov.

XOM Stock Forecast for 2022

What is the future for XOM stock after 2021? The possible answer lies in the following 12-month forecast.

Month

Minimum Value

Maximum Value

Close

January 2022

68.07

76.77

72.42

February 2022

69.09

77.91

73.50

March 2022

72.00

81.20

76.60

April 2022

73.10

82.44

77.77

May 2022

74.40

83.90

79.15

June 2022

74.77

84.31

79.54

July 2022

75.25

84.85

80.05

August 2022

79.01

89.09

84.05

September 2022

82.96

93.55

88.25

October 2022

87.10

98.22

92.66

November 2022

89.97

101.45

95.71

December 2022

92.15

103.91

98.03

Source: Long Forecast

Exxon Stock Forecast for 2023

A quick positive price expectation for Exxon is reflected in the forecast for 2023. Check out the table below to learn more details about the Exxon stock future.

Month

Average Price

Minimum Price

Maximum Price

January 2023

100.092

85.0782

115.1058

February 2023

99.650

84.7025

114.5975

March 2023

100.180

85.153

115.207

April 2023

94.788

80.5698

109.0062

May 2023

97.866

83.1861

112.5459

June 2023

166.338

141.3873

191.2887

July 2023

166.937

141.89645

191.97755

August 2023

164.389

139.73065

189.04735

September 2023

161.982

137.6847

186.2793

October 2023

159.377

135.47045

183.28355

November 2023

158.375

134.61875

182.13125

December 2023

161.975

137.67875

186.27125

Source: Gov Capital

XOM Shares Forecast for 2025-2030

What will XOM be worth in 2030? To get a better understanding, let’s look at the dynamics from 2025 all the way to 2030. We won’t go into as much detail as for previous forecasts, but you should still be able to get a general idea of where the future price could be moving 5-10 years from now.

Year

Mid-Year

Year-End

2025

170.10

175.66

2026

177.99

191.34

2027

204.59

208.81

2028

213.21

217.80

2029

222.59

227.59

2030

232.82

238.30

Source: CoinPriceForecast

Please bear in mind that Exxon Mobil stock predictions for 2025 and beyond are only estimations. Even with the historical accuracy we have from past performance, it should be noted that the stock market can surprise investors with large spikes and drastic price drops.

Recent Performance of the XOM Price

It would be impossible to fit the entire price history of the Exxon Mobil Corporation into our brief report. Over the last 15 years alone, the XOM stock has been on an irregular run — the price could surge to over $100 and then dip below $40. But for now, let’s take a deeper look into the past year’s timeline.

Why is Exxon’s stock down in the beginning of 2020? The fall started after reported fiscal year earnings missed expectations at the end of 2019. Not only did the quarterly numbers look bad, annual figures did too. Within a month, the stock dropped from $70 to almost $60.

ExxonMobil’s 2020 plunge was made worse by an all-out oil price war between Saudi Arabia and Russia in early March of the same year. And, of course, the pandemic crushed energy demand, not making things any easier for the sector. All these factors combined made US crude fall to a negative value for the first time in history. Exxon’s lowest point of the year was on March 23 at $30.11.

Despite briefly climbing over the $50 mark in the beginning of June, the stock fell to $32 by the end of October. Overall, according to Bloomberg data, Exxon’s loss in market value was one of the worst among US firms in 2020.

Slowly but surely, the company started to recover. During the first quarter of 2021, Exxon earned $2.7 billion, which is strong evidence of recovery. And in the last 6 months, the stock showed a rise from around $30 to almost $60 per share.

Conclusion: What Does the Future Hold for XOM?

Is it good to invest in Exxon? Continuous future growth is a possibility, but you may be more interested in learning how much of a gain to expect. Let’s round up all the short- and long-term predictions we’ve covered in this article in one Exxon Mobil stock price forecast.

Year

Mid-Year

End of Year

2021

59.14

75.56

2022

88.16

104.05

2023

122.78

135.90

2024

141.02

154.64

2025

170.10

175.66

2026

177.99

191.34

2027

204.59

208.81

2028

213.21

217.80

2029

222.59

227.59

2030

232.82

238.30

Source: CoinPriceForecast

Energy transitions are going to take a very long time; a full transition from coal to oil took as long as 47-69 years. Exxon’s take on the future of the energy industry might not align with what Wall Street likes today, but it’s not outlandish either. In fact, some investors like the approach this energy giant is taking.

Taking a more data-driven approach to investing, it’s clear that the projected growth rate in the coming years is on the positive side. After the pandemic-related description, each quarterly revenue report has put a smile on investors’ faces. Overall, Exxon seems to remain a solid long-term option as it has been a top stock for quite some time.

If you’re looking for a way to learn for free and without any financial risk, sign up for a demo account on Liteforex. Many intraday traders and long-term investors start their journey in exactly this way. Before entering the real market, you’ll have the chance to test your strategies and familiarize yourself with all the tools.

Exxon Mobil Corporation Price Prediction FAQ

The contents of this article should not be viewed as a recommendation or a guarantee of any specific outcome or profit. All information was compiled for informational purposes. Please make an informed decision based on your own extensive research.

Price chart of XOM in real time mode

The content of this article reflects the author’s opinion and does not necessarily reflect the official position of LiteForex. The material published on this page is provided for informational purposes only and should not be considered as the provision of investment advice for the purposes of Directive 2004/39/EC.

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