WallStSmart
XOM

Exxon Mobil Corp

NYSE: XOM · ENERGY · OIL & GAS INTEGRATED

$154.33
-0.22% today

Updated 2026-04-29

Market cap
$642.90B
P/E ratio
23.09
P/S ratio
1.99x
EPS (TTM)
$6.70
Dividend yield
2.66%
52W range
$99 – $176
Volume
22.1M
OverviewPrice TargetsFinancialsValuationInsidersEarnings

Exxon Mobil Corp (XOM) Financial Forecast & Price Target 2030

Research-backed projections from analyst consensus, management guidance, and sector analysis.

Price target summary

Current
$154.33
Consensus
$153.54
-0.51%
2030 Target
$77.17
-50.00%
DCF
$105.46
-46.34% MoS
30 analysts:
10 Buy10 Hold3 Sell

Management guidance

No specific CEO revenue targets were disclosed in available research. Management commentary focuses on operational execution (Guyana production ramp, Permian output, LNG projects like Golden Pass) rather than explicit revenue guidance. Latest analyst consensus projects FY2026 revenue of $377.05B (+16.41% YoY) and FY2027 revenue of $365.11B (-3.17% YoY).

Sources: Management guidance, analyst consensus, sector analysishigh confidence

Revenue & price projection

Actual revenue Projected revenue Base case Bull to bear range
Bull case (2030)
$138.90
$412.0B Rev × 1.3x P/S
Base case (2030)
$77.17
$412.0B Rev × 0.8x P/S
Bear case (2030)
$46.30
$412.0B Rev × 0.5x P/S

Financial forecast — research-backed

Metric2023202420252026 (E)2027 (E)2028 (E)2029 (E)2030 (E)
Revenue$334.7B$339.2B$323.9B$377.1B$372.0B$385.0B$398.5B$412.0B
Revenue growth—1.4%-4.5%16.4%-1.3%3.5%3.5%3.4%
EPS$9.52$7.84$6.69$7.96$8.65$8.95$9.25$9.55
P/S ratio———0.8x0.8x0.8x0.8x0.8x
Implied price———$77.17$77.17$77.17$77.17$77.17

Catalysts & risks

Growth catalysts
+ Golden Pass LNG project startup (first cargo shipped Q2 2026) expanding downstream cash generation
+ Guyana deepwater production ramp-up (2+ additional FPSOs planned through 2028) adding 500K+ bopd by 2030
+ Permian Basin synergies and production growth from acquisition integration driving upstream volumes
+ Geopolitical energy supply disruptions (Iran Strait of Hormuz closure, OPEC fragmentation) supporting crude price floor
Key risks
- Oil price volatility: revenue highly sensitive to WTI/Brent pricing; each $10/bbl swing ≈ $3-5B revenue impact annually
- Energy transition pressure: long-term structural demand headwinds for fossil fuels and refining margins compression
- Geopolitical escalation: sustained Hormuz closure or new Iran sanctions could disrupt production/sales by 5-10% and cause accounting losses
- Downstream/chemical margin compression in 2027+ as refining/petrochemical spreads normalize from elevated 2026 levels
- Capital intensity: $15-17B annual capex required to maintain production offsets free cash flow gains

Methodology

Exxon Mobil Corp's forward estimates are derived from AI-powered research synthesis combining analyst consensus from 30 Wall Street analysts, management guidance from the latest earnings call, and sector growth forecasts from industry research. Revenue and EPS projections use analyst consensus where available and conservative extrapolation with growth deceleration for outer years. Price targets are calculated using a tiered Price-to-Sales (P/S) methodology, where the P/S multiple is determined by the projected revenue growth rate.

WallStSmart proprietary research model · Not financial advice · Past performance is not indicative of future results · Last researched: May 1, 2026.