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Exxon Mobil's Q3 earnings boosted by $4.5B refining margin despite oil price challenges, shares near 52-week high.

Analyst Insights
16 Oct 2026
Tony Dante
View Source
Neutral
Exxon Mobil's Q3 earnings boosted by $4.5B refining margin despite oil price challenges, shares near 52-week high.

Goldman Sachs analyst Neil Mehta set a $169 price target for Exxon Mobil, suggesting a 4.7% downside from its then $177.30 share price. Exxon Mobil reported that higher refining margins added $4.5 billion to its third-quarter earnings, helping offset challenges from fluctuating oil prices impacting its upstream business. Shares are trading near their 52-week high at around $178, with a market value of approximately $732 billion. The company also signaled lower overall third-quarter earnings, affecting market sentiment and earnings forecasts.

Exxon Mobil shares are trading at USD 178.45 on Pluang as of Oct 17, 2026 02:23 WIB, slightly above the analyst's $169 target and near its 52-week high. The stock gained 2.18% in one day, contrasting with a dividend yield of 2.36%, which may appeal to income-focused investors. Market cap on Pluang stands at $718.27 billion, reflecting strong investor interest with 79% of orders buying the stock over a typical hold time of 100 days.

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