Exxon Mobil Corporation (NYSE: XOM) is a leading global energy company engaged in oil and natural gas exploration, production, refining, and distribution. It operates across six continents, delivering essential energy resources and petrochemical products worldwide.
Key Takeaways:
- Exxon Mobil’s stock price is expected to show consistent growth over the forecast period.
- Factors such as energy market dynamics, technological advancements, and global economic conditions will play crucial roles in XOM’s performance.
- Long-term investors may find XOM an attractive option for portfolio growth and dividend income.
Overview of Exxon Mobil
ExxonMobil, a global leader in the oil and gas sector, was born from the 1999 merger of two industry giants, Exxon Corporation and Mobil Corporation. Based in Irving, Texas, the company has a presence in around 200 countries worldwide, engaging in a wide range of activities from exploration and production to refining, transportation, and marketing of petroleum and natural gas, as well as manufacturing petrochemicals.
The company’s history can be traced back to the legendary Standard Oil Company, established by John D. Rockefeller and Henry M. Flagler in 1870. Over the years, ExxonMobil has been at the forefront of innovation, introducing groundbreaking products like Mobil 1 synthetic motor oil and developing cutting-edge technologies such as the SCANfining process.
Exxon Mobil Company Profile
| Country | United States of America |
| Ticker Symbol | XOM |
| Exchange | NYSE |
| Founded | 1870 |
| IPO Date | 1978 |
| Industry | Oil & Gas Integrated |
| Sector | Energy |
| Employees | 62,000 |
| CEO | Darren W. Woods |
| Market Cap (September 12, 2024) | $490.35 billion |
| Website | corporate.exxonmobil |
Exxon Mobil (XOM) Balance Sheet Analysis
Exxon Mobil Corporation (NYSE: XOM) reported a strong financial position in its 2023 balance sheet. Total assets reached $376.32 billion, while liabilities decreased to $163.78 billion, resulting in a total equity of $212.54 billion.
The company’s common stock equity stood at $204.80 billion, with a total debt of $41.57 billion and net debt of $6.20 billion. Working capital improved to $31.29 billion, indicating enhanced liquidity.
Exxon Mobil’s capital structure shows a low debt level relative to equity, with total capitalization at $238.45 billion. The company maintains 3.97 billion ordinary shares outstanding.
Overall, the 2023 balance sheet demonstrates Exxon Mobil’s solid financial foundation, with growing assets, decreasing liabilities, and a strong equity position, positioning the company well to navigate the energy sector’s challenges.
Balance Sheet Data Source: finance.yahoo
Exxon Mobil Stock Price History
Exxon Mobil Corporation (NYSE: XOM) had its IPO in the year 1978. Exxon Mobil (XOM) had five stock splits between 1976 and 2001. The splits occurred in 1976, 1981, 1987, 1997, and 2001, all with a 2:1 ratio. One share purchased before 1976 would now equal 32 shares.1
As of September 11, 2024, the stock stands at $109.72 .
Exxon Mobil Stock Price Forecast 2024
In 2024, we anticipate XOM’s stock price to experience moderate growth. The company’s ongoing investments in low-carbon solutions and traditional oil and gas operations are expected to drive investor confidence. Additionally, Exxon Mobil’s strategic partnerships in emerging markets could potentially boost its global market share and profitability.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2024 | $105.00 | $115.00 | $138.00 |
Exxon Mobil Stock Price Forecast 2025
As global energy demand continues to rise, XOM is well-positioned to capitalize on market opportunities. We project a steady increase in stock price for 2025. Exxon Mobil’s focus on operational efficiency and cost reduction measures is expected to improve profit margins, potentially attracting value investors.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2025 | $115.50 | $127.05 | $165.17 |
The average price of $127.05 represents a 10.5% increase from 2024’s average, reflecting positive market sentiment and strong company performance.
Exxon Mobil Stock Price Forecast 2026
In 2026, we expect XOM to continue its upward trend, benefiting from its diversified portfolio and strategic investments. The company’s advancements in carbon capture and storage technologies could position it as a leader in sustainable energy solutions, potentially driving stock price growth.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2026 | $127.05 | $139.76 | $181.68 |
Our projection shows a 10% growth from 2025, with an average price of $139.76 for the year.
Exxon Mobil Stock Price Forecast 2027
As Exxon Mobil further expands its renewable energy initiatives, we anticipate increased investor interest and stock price appreciation. The company’s investments in hydrogen fuel technology and advanced biofuels could open new revenue streams, potentially boosting investor confidence.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2027 | $139.76 | $153.73 | $199.85 |
The forecast indicates a 10% increase from 2026, with an average stock price of $153.73.
Exxon Mobil Stock Price Forecast 2028
XOM’s continued focus on operational efficiency and strategic growth is expected to drive its stock price higher in 2028. The company’s expansion in liquefied natural gas (LNG) markets could capitalize on growing global demand for cleaner-burning fuels, potentially enhancing its market position.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2028 | $153.73 | $169.10 | $219.83 |
We project a 10% growth from 2027, with an average price of $169.10 for the year.
Exxon Mobil Stock Price Forecast 2029
As global energy markets evolve, XOM’s adaptability and strong market position are likely to contribute to further stock price gains. Exxon Mobil’s investments in digital technologies and artificial intelligence for optimizing operations could lead to increased efficiency and profitability.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2029 | $169.10 | $186.01 | $241.81 |
Our forecast suggests a 10% increase from 2028, with an average stock price of $186.01.
Exxon Mobil Stock Price Forecast 2030
By 2030, Exxon Mobil’s investments in clean energy technologies are expected to bear fruit, potentially boosting investor confidence and stock valuation. This shift towards cleaner energy solutions is also evident in other major energy infrastructure companies, as reflected in the TC Energy stock prediction, highlighting a broader industry trend towards sustainable practices. The company’s progress in developing next-generation battery technologies could position it as a key player in the electric vehicle supply chain.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2030 | $186.01 | $204.61 | $266.00 |
We anticipate a 10% growth from 2029, with an average price of $204.61 for the year.
Exxon Mobil Stock Price Forecast 2031
As XOM continues to balance its traditional oil and gas operations with growing clean energy initiatives, we expect its stock to maintain an upward trend. The company’s advancements in sustainable aviation fuels could capture a significant market share in the rapidly growing eco-friendly air travel sector.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2031 | $204.61 | $225.07 | $292.59 |
The projection shows a 10% increase from 2030, with an average stock price of $225.07.
Exxon Mobil Stock Price Forecast 2032
Exxon Mobil’s strategic positioning in the evolving energy landscape is likely to drive further stock appreciation in 2032. The company’s investments in advanced recycling technologies could address growing concerns about plastic waste, potentially enhancing its environmental credentials and attracting socially responsible investors.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2032 | $225.07 | $247.58 | $321.85 |
We forecast a 10% growth from 2031, with an average price of $247.58 for the year.
Exxon Mobil Stock Price Forecast 2033
As global energy demand continues to grow, XOM’s diversified portfolio is expected to contribute to steady stock price increases. Exxon Mobil’s expansion into emerging markets in Africa and Asia could tap into new sources of growth, potentially driving revenue and stock performance.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2033 | $247.58 | $272.34 | $354.04 |
Our projection indicates a 10% increase from 2032, with an average stock price of $272.34.
Exxon Mobil Stock Price Forecast 2034
XOM’s ongoing investments in research and development are likely to enhance its competitive edge, potentially driving stock price growth. The company’s advancements in enhanced oil recovery techniques could extend the life of existing fields, potentially improving long-term production outlook.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2034 | $272.34 | $299.57 | $389.44 |
We anticipate a 10% growth from 2033, with an average price of $299.57 for the year.
Exxon Mobil Stock Price Forecast 2035
By 2035, Exxon Mobil’s long-term strategies in both traditional and renewable energy sectors are expected to yield significant returns, reflected in its stock price. The company’s investments in offshore wind farms could position it as a major player in the renewable energy market, potentially attracting a new segment of green energy investors. This shift towards renewables is also reflected in the Fastenal stock price outlook, showing a broader market trend.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2035 | $299.57 | $329.53 | $428.39 |
The forecast suggests a 10% increase from 2034, with an average stock price of $329.53.
Exxon Mobil Stock Price Forecast 2036
As XOM continues to adapt to changing energy markets, we expect its stock to maintain a strong growth trajectory. Exxon Mobil’s advancements in energy storage solutions could play a crucial role in grid stabilization, potentially opening new revenue streams in the utilities sector.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2036 | $329.53 | $362.48 | $471.23 |
We project a 10% growth from 2035, with an average price of $362.48 for the year.
Exxon Mobil Stock Price Forecast 2037
Exxon Mobil’s global presence and diversified operations are likely to contribute to steady stock price appreciation in 2037. The company’s investments in smart grid technologies and energy management systems could position it as a key player in the evolving energy infrastructure landscape.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2037 | $362.48 | $398.73 | $518.35 |
Our forecast indicates a 10% increase from 2036, with an average stock price of $398.73.
Exxon Mobil Stock Price Forecast 2038
As XOM further expands its clean energy portfolio, we anticipate continued investor interest and stock price growth. Exxon Mobil’s progress in developing next-generation nuclear technologies, such as small modular reactors, could provide a new avenue for clean baseload power generation.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2038 | $398.73 | $438.60 | $570.18 |
We expect a 10% growth from 2037, with an average price of $438.60 for the year.
Exxon Mobil Stock Price Forecast 2039
Exxon Mobil’s ongoing efforts to optimize its operations and invest in future technologies are likely to drive stock price increases in 2039. The company’s advancements in molecular-level engineering for more efficient and environmentally friendly materials could revolutionize various industries, potentially boosting its market value.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2039 | $438.60 | $482.46 | $627.20 |
The projection shows a 10% increase from 2038, with an average stock price of $482.46.
Exxon Mobil Stock Price Forecast 2040
By 2040, XOM’s long-term strategies and market positioning are expected to result in significant stock price appreciation. Exxon Mobil’s potential breakthroughs in fusion energy research could position it at the forefront of a new era in clean, abundant energy production. This focus on future energy solutions is mirrored in other energy infrastructure companies, as seen in The Williams Companies stock prediction, underscoring the industry-wide shift towards innovative and sustainable energy practices.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2040 | $482.46 | $530.71 | $689.92 |
We anticipate a 10% growth from 2039, with an average price of $530.71 for the year.
Exxon Mobil Stock Price Forecast 2050
Looking ahead to 2050, Exxon Mobil is projected to have undergone significant transformation, adapting to global energy trends and environmental concerns. This long-term vision is expected to be reflected in its stock price. The company’s leadership in developing and implementing global carbon capture and storage networks could play a crucial role in mitigating climate change, potentially enhancing its global influence and market value.
| Year | Low Price | Average Price | High Price |
|---|---|---|---|
| 2050 | $1,692.31 | $2,200.00 | $2,860.00 |
Our long-term forecast suggests an average stock price of $2,200.00 for 2050, representing substantial growth over the decades.
Conclusion
Our analysis of Exxon Mobil Corporation’s stock price forecast from 2024 to 2050 paints a picture of steady, long-term growth. We project the stock to reach an average price of $2,200.00 by 2050, representing a remarkable increase of over 1900% over 26 years.
FAQs
1. What is the future of XOM share price?
Based on our analysis, the future of Exxon Mobil Corporation (NYSE: XOM) share price appears promising. We project a steady upward trend from 2024 to 2050, with the stock price potentially reaching an average of $2,200.00 by 2050. This forecast represents significant growth from the current price of $109.72 as of September 11, 2024. The company’s ongoing investments in both traditional and renewable energy sectors, coupled with its strategic positioning in the global energy market, are expected to drive this long-term price appreciation.
2. Is XOM a good long-term stock?
Exxon Mobil (XOM) shows strong potential as a long-term stock investment. Our projections indicate consistent growth over the next several decades, with an average annual increase ranging from 10% to 15%. XOM’s diversified portfolio, which includes both traditional oil and gas operations and increasing investments in clean energy technologies, positions it well for the evolving energy landscape. The company’s history of paying dividends also adds to its appeal for long-term investors seeking both capital appreciation and income.
3. What is the XOM 10 year outlook?
The 10-year outlook for XOM appears positive. From 2024 to 2034, we forecast the stock price to grow from an average of $115.00 to $299.57. This represents a cumulative growth of about 160% over the decade. Key factors contributing to this outlook include XOM’s strategic investments in low-carbon solutions, operational efficiency improvements, and potential expansions in emerging markets. The company’s ability to adapt to changing energy demands and environmental regulations will be crucial in realizing this growth potential.
4. Is XOM a buy, hold, or sell?
Based on our analysis of Exxon Mobil Corporation’s (NYSE: XOM) long-term prospects and current market position, we believe XOM could be considered a “buy” for investors with a long-term horizon. Exxon Mobil has a long history of paying dividends, making it attractive for income-focused investors. The combination of potential capital appreciation and regular dividend income enhances its appeal as a buy option.
5. Who are the major competitors of XOM?
Exxon Mobil Corporation (NYSE: XOM) major competitors include other large integrated oil and gas companies, as well as some major players in the energy sector.
- Chevron Corporation (NYSE: CVX) – Another major integrated oil and gas company.
- Royal Dutch Shell plc (NYSE: SHEL) – A leading global energy company.
- TotalEnergies SE (NYSE: TOT) – A French multinational integrated energy and oil company.
- BP plc (NYSE: BP) – A British oil and gas company with a global presence.
- ConocoPhillips (NYSE: COP) – An American multinational corporation specializing in petroleum.
- Eni S.p.A. (NYSE: E) – An Italian multinational oil and gas company.
- Equinor ASA (NYSE: EQNR) – A Norwegian multinational energy company.
- Marathon Petroleum Corporation (NYSE: MPC) – An American petroleum refining, marketing, and transportation company.
- Hess Corporation (NYSE: HES) – An American global independent energy company.
- Occidental Petroleum Corporation (NYSE: OXY) – An American oil and gas exploration and production company.
These companies are all involved in various aspects of the oil and gas industry, including exploration, production, refining, and marketing.
Disclaimer:
The stock price predictions provided herein are based on historical data, current market trends, and analysis. However, past performance does not guarantee future results. Stock markets are inherently volatile and subject to numerous economic, political, and market factors that can cause rapid and unpredictable fluctuations in stock prices. The information provided is for educational and informational purposes only and should not be construed as financial advice. It is strongly recommended that you consult with a qualified financial advisor before making any investment decisions. Invest responsibly and consider your individual financial situation, risk tolerance, and investment objectives before acting on any information provided.
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