The Zacks Analyst Blog Exxon Mobil , Chevron and EOG Resources

By Zacks Equity Research | December 19, 2025, 7:58 AM

For Immediate Releases

Chicago, IL – December 19, 2025 – Zacks.com announces the list of stocks featured in the Analyst Blog. Every day the Zacks Equity Research analysts discuss the latest news and events impacting stocks and the financial markets. Stocks recently featured in the blog includeExxon Mobil Corporation XOM, Chevron Corporation CVX and EOG Resources Inc EOG.

Here are highlights from Friday’s Analyst Blog:

Can ExxonMobil Weather the Prevailing Softness in Oil Price?

According to data from OilPrice.com, the price of West Texas Intermediate (WTI) crude is slightly above $56 per barrel, down significantly from about $70 per barrel a year ago. This is hurting the upstream business of integrated energy players like Exxon Mobil Corporation. With XOM generating a king's size of its earnings from upstream operations, can it combat the prevailing weakness in oil prices?

The advantageous assets where XOM is operating include the Permian, the most prolific basin in the United States, and offshore Guyana resources. Although the assets have cost advantages, lower oil prices are likely to hurt profits. But, unlike many other companies, ExxonMobil has a strong balance sheet.

XOM’s debt to capitalization of 13.6% is significantly lower than 28.7% of the industry’s composite stocks. Thus, the integrated energy giant can rely on its strong financials to navigate the low pricing environment, such as securing debt capital on favorable terms when the business scenario turns unfavorable.

CVX & EOG Can Also Brave Business Uncertainty

Chevron Corporation  and EOG Resources Inc are two leading energy companies with a strong presence in exploration and production activities. Thus, the softness in crude prices is also hurting the bottom line of both CVX and EOG.

However, like XOM, CVX and EOG also have strong balance sheets. Debt to capitalization of Chevron and EOG are 17.52% and 20.26%, respectively, suggesting a considerably lower exposure to debt capital. Hence, they can brave the uncertainty of the business environment.

XOM’s Price Performance, Valuation & Estimates

Shares of XOM have gained 15.4% over the past year compared with the 13.7% improvement of the composite stocks belonging to the industry.

From a valuation standpoint, XOM trades at a trailing 12-month enterprise value to EBITDA (EV/EBITDA) of 7.62X. This is above the broader industry average of 4.69X.

The Zacks Consensus Estimate for XOM’s 2025 earnings has seen no revisions over the past seven days.

ExxonMobil currently carries a Zacks Rank #3 (Hold). You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.

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Note: Sheraz Mian heads the Zacks Equity Research department and is a well-regarded expert of aggregate earnings. He is frequently quoted in the print and electronic media and publishes the weekly Earnings Trends and Earnings Previewreports. If you want an email notification each time Sheraz publishes a new article, please click here>>>

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Chevron Corporation (CVX): Free Stock Analysis Report
 
Exxon Mobil Corporation (XOM): Free Stock Analysis Report
 
EOG Resources, Inc. (EOG): Free Stock Analysis Report

This article originally published on Zacks Investment Research (zacks.com).

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