Exxon Mobil (XOM) Price Target Raised by $9 at JPMorgan

Exxon Mobil Corporation (NYSE:XOM) is included among the 11 Best Energy Stocks to Buy for Dividends in 2026.

Exxon Mobil Corporation (NYSE:XOM) is one of the largest integrated fuels, lubricants, and chemical companies in the world.

Exxon Mobil Corporation (NYSE:XOM) received a boost on January 20 when JPMorgan analyst Arun Jayaram raised the firm’s price target on the stock from $124 to $133, while maintaining an ‘Overweight’ rating on the shares. The revision is based on valuation concerns and comes as the bank adjusted its ratings and targets in the integrated oils sector as part of its 2026 outlook.

According to JPMorgan, while the oil group continues to suffer from oversupply issues, the downstream sector presents a more constructive outlook. The analyst finds the US oil majors to be more attractive than their Canadian counterparts amid the rise in ongoing geopolitical tensions.

In other news, Exxon Mobil Corporation (NYSE:XOM) revealed earlier this month that it expects upstream earnings to fall by as much as $1.2 billion in Q4 when compared to the previous quarter, pushed down by low prices. According to LSEG, Wall Street now expects Exxon to post adjusted earnings of $1.66 per share in its fourth quarter report later this month, down from $1.88 per share in Q3.

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