ExxonMobil (XOM) Stock Price Prediction: 2026, 2030

Even though electric vehicles have found solid footing in the consumer market, there’s still plenty of demand for oil for powering cars, homes, and industrial facilities. ExxonMobile (XOM) has been a major player in this space for decades, as well as working on non-oil-based fuel alternatives to protect its future.

Below, we’ll look at what experts think could happen to ExxonMobile’s stock price in 2026 and 2030. You’ll find projections from Wall Street analysts and independent models, along with an overview of the key trends, possible risks, and different opinions shaping ExxonMobile’s future.

Current Stock Overview

• Market cap: $493 billion
• Trailing P/e ratio: 17.02
• Forward P/E ratio: 15.90
• 1-year return: -5%
• YTD performance: 8%

Ratings for ExxonMobile are currently a Hold across 11 recent analysts, according to Benzinga, although analysts in October and November overwhelmingly gave the company a Buy status. Since October, price targets have ranged from $126 to $156, with Barclays on the low end and Wells Fargo on the high end. Analysts do not agree on the upside potential of this company, but agree it definitely has some -- their estimates range from 6% upside to over 34% from today’s levels.

Quick Snapshot Table of Predictions & Methodology for Forecasting

Bull & Bear Case

Bull Case

• Strong production metrics have led to a five-year total return of over 263% that’s in the top 25% of the industry.
• Net profit margins are high for the industry, at over 9%, indicating input costs are controlled.
• Low debt is also a plus, with a debt/equity ratio of 0.16, allowing ExxonMobile more financial flexibility and fewer expenses in a downturn..
• The company produces a dividend yield of around 3.5%; the dividend itself has grown consistently for 43 years straight.

Bear Case

• Low oil prices may persist long term, making it more difficult for the oil side of the company to perform well, and reducing long-term earnings projections.
• Net profit margins are currently lower than its 3 year average of 11%, which could point to an emerging trend of declining profits due to lower oil prices.
• Investments in lithium mining are speculative at best, and could represent a large investment that doesn’t actually pan out.

Stock Price Prediction for 2026

Stock prices in 2026 are expected to be much improved over 2025, with gains in the new year forecasted that last throughout the year, according to CoinCodex. Stock prices may peak in November, then drop slightly in December, but significant gains are possible from 2025 through the end of 2026. Investors buying today could experience significant gains, based on CoinCodex’s forecasted average stock prices. This may be due to an expected increase in oil prices, but could also be attributed to development in other non-oil types of fuels.

Stock Price Prediction for 2030

For investors who buy ExxonMobile in 2025, 2030 could be a huge year, based on projections by CoinCodex. Not only does ExxonMobile expect its lithium mines to be fully operational by that time, but the potential of other healthy income streams from its low carbon solutions and hydrogen fuel cell production to be fully developed exists by this time. If Exxon’s plans come to fruition, the upside could be significant.

Investment Considerations/Closing Summary

Despite a rocky oil market in 2025, ExxonMobile is looking to the future. Alongside its vertically integrated oil refining business and search for ways to make low per-barrel oil more affordable to produce, it’s working on gasoline alternatives that will help it to diversify deep into the future. 

Its lithium mines perhaps show the most future upside for investors in 2025, since the electric car market will still need this material for batteries in 2030, but other technologies, including hydrogen cells and carbon capture and storage hubs will create new income streams that will help to better balance out slow years for oil refinement.