Ticker: XOM
Exchange: NYSE
Sector / Industry: Energy / Integrated Oil & Gas
Initiation of coverage, June 19, 2026
Publish date: June 19, 2026
Rating: Buy
Summary
Exxon is the highest-quality integrated oil major, with the best growth barrels in Guyana and the Permian and a fortress capital-return framework. At about 12x forward earnings and a 3% yield it is priced for a flat oil world; the upside is volume growth and cost cuts, the risk is the commodity.
Ratings and price targets state our opinion as of the publication date. See our disclaimer.
