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ExxonMobil shares gain amid higher oil prices and analyst targets
WTI crude rose more than 9% on July 13, helping drive ExxonMobil shares up more than 4% the same day, while analysts project 2026 EPS growth of 65.2% to $11.55.
Yahoo Finance highlights how ExxonMobil, valued at $650.5 billion, has outperformed the broader market over the past year, with its shares up 40.2% versus the S&P 500's 16% gain. In 2026, the stock is up nearly 28.6%, again beating the index's 8.3% increase, while the State Street Energy Select Sector SPDR ETF (XLE) is up 34% over one year but has lagged the stock.
The article links part of the momentum to crude oil strength. On July 13, ExxonMobil shares closed up more than 4% as WTI crude oil prices rose more than 9%, reaching a 3.5-week high after the US launched new missile attacks against Iran, and as Iran retaliated with attacks involving bases and vehicles in the Strait of Hormuz.
According to Yahoo Finance, analysts expect ExxonMobil's earnings per share to rise 65.2% to $11.55 on a diluted basis for the current year ending in December. The company surpassed consensus estimates in each of the last four quarters, and the outlet cites a J.P. Morgan analyst who maintained a Buy rating and set a $158 price target, with the stock's mean target at $161.31 and a street-high target of $185.
Latest closeWTI crude $81.23 ▼1.7%|S&P 500 7,428.78 ▲0.2%