ExxonMobil Price Prediction: How High Will The Oil Stock Go In 2026

Our Price Target: A Modest But Confident Upside

ExxonMobil (NYSE:XOM | XOM Price Prediction) is trading at $152.23 as of writing. The 24/7 Wall St. price target is $159.93, implying upside of 5.06% over the next 12 months. Recommendation: buy, confidence level 90%.

The upside is modest for a mega-cap energy stock, but the 2.58% dividend yield and 43 consecutive years of dividend growth make a compelling total return case.

A Rally Already in Motion

XOM is up 27.6% year-to-date through April 10, 2026, and up 57.86% over 12 months. A pullback of 5.09% over the past week reflects broader market volatility. The stock sits above both its 50-day moving average of $153.95 and 200-day moving average of $124.94.

Crude oil is a major tailwind. WTI has surged to $114.01 per barrel as of April 6, 2026, up 99.6th percentile reading over 12 months from a low of $55.44 in December 2025. Q4 2025 EPS came in at $1.71, beating consensus of $1.66 by 3.01%. Full-year 2025 net income of $28.844 billion declined 14.36% year-over-year.

The Bull Case

Three pillars support ExxonMobil: elevated oil prices, record production, and cost discipline. WTI at $114.01 exceeds consensus models.

Production hit a record 4.7 million oil-equivalent barrels per day in 2025, with the Permian reaching 1.8 million barrels per day in Q4 and Guyana approaching 875,000 gross barrels per day.

Golden Pass LNG, with first cargoes expected in Q1 2026, adds high-margin revenue. JPMorgan raised its target to $170 with Overweight. The bull case scenario targets $176.99 within 12 months. Forward EPS of $7.72 implies a forward P/E of 19x.

What Could Go Wrong

Commodity price mean reversion and chemical weakness pose risks. Full-year 2025 net income declined 14.36% year-over-year. Chemical Products posted a $281 million loss in Q4 2025. Free cash flow fell 14.93% in 2025, and cash dropped 53.62% year-over-year as CapEx climbed 19.3%.

Goldman Sachs maintains Neutral with a target of $158. The bear case targets $137.51. Rising CapEx reflects investment in high-return assets with $15.1 billion in cumulative structural cost savings since 2019 and a target of $20 billion by 2030. The stock trades 8% below its 52-week high of $176.41.

Bottom Line

The 24/7 Wall St. price target of $159.93 reflects a buy with 90% confidence. Record production, surging oil prices, $20 billion in planned 2026 buybacks, and 43 consecutive years of dividend growth make ExxonMobil compelling at current levels.

The bull case strengthens if WTI holds above $90 and Golden Pass LNG ramps on schedule. Downside risk increases if crude retraces toward December 2025 lows and chemical margins remain weak.

ExxonMobil Price Projection 2026-2030

Projections assume continued execution on cost savings and advantaged asset growth through Permian, Guyana, and LNG. Significant upside or downside could result from sustained crude moves or chemical margin recovery.