ExxonMobil maintains a buy rating due to strong free cash flow, disciplined capital spending, and attractive valuation. In Q2, the company achieved record upstream production, generated $18.9 billion in free cash flow, and returned $5.1 billion to shareholders through buybacks, despite mixed earnings and refining challenges. Management aims to grow earnings to $25 billion and cash flow to $35 billion by 2030, driven by advantaged assets targeting production of 5.5 million barrels of oil equivalent per day. Technical indicators remain bullish, supporting a price target of $179 based on 17 times forward earnings. The company also benefits from higher oil prices amid geopolitical tensions in Iran.
The US Pentagon has acquired a 35% equity stake in North American Blue Energy Partners (NABEP), a private oil company granted concessions to 65 billion barrels of Venezuelan crude reserves, making it potentially the world's second-largest oil company...
Exxon Mobil recently increased its dividend to $1.03 per share quarterly, continuing a 43-year streak of growth, even as oil prices briefly fell below $58 per barrel. The company reported strong Q2 2026 results with $14.5 billion in earnings and over...
