Exxon MobilXOM
Market Cap: $505B
About: ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2023, it produced 2.4 million barrels of liquids and 7.7 billion cubic feet of natural gas per day. At the end of 2023, reserves were 16.9 billion barrels of oil equivalent, 66% of which were liquids. The company is one the world's largest refiners with a total global refining capacity of 4.5 million barrels of oil per day and is one of the world's largest manufacturers of commodity and specialty chemicals.
Employees: 61,500
Fund manager confidence
Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)
128% more repeat investments, than reductions
Existing positions increased: 2,237 | Existing positions reduced: 982
59% more first-time investments, than exits
New positions opened: 245 | Existing positions closed: 154
33% more call options, than puts
Call options by funds: $5.99B | Put options by funds: $4.52B
13% more capital invested
Capital invested by funds: $290B [Q1] → $327B (+$37.4B) [Q2]
4% more funds holding in top 10
Funds holding in top 10: 265 [Q1] → 275 (+10) [Q2]
2% more funds holding
Funds holding: 3,702 [Q1] → 3,793 (+91) [Q2]
0.03% more ownership
Funds ownership: 63.18% [Q1] → 63.21% (+0.03%) [Q2]
Research analyst outlook
7 Wall Street Analysts provided 1 year price targets over the past 3 months
7 analyst ratings
UBS Josh Silverstein 22% 1-year accuracy 8 / 37 met price target | 39%upside $157 | Buy Maintained | 20 Aug 2024 |
Wells Fargo Roger Read 29% 1-year accuracy 22 / 76 met price target | 20%upside $135 | Overweight Maintained | 5 Aug 2024 |
Truist Securities Neal Dingmann 31% 1-year accuracy 40 / 131 met price target | 7%upside $121 | Hold Maintained | 22 Jul 2024 |
Bernstein Bob Brackett 14% 1-year accuracy 1 / 7 met price target | 23%upside $138 | Outperform Maintained | 17 Jul 2024 |
Barclays Betty Jiang 47% 1-year accuracy 7 / 15 met price target | 26%upside $142 | Overweight Maintained | 9 Jul 2024 |
Financial journalist opinion
Based on 63 articles about XOM published over the past 30 days