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BUZZ-TD Cowen raises PT on Exxon Mobil

Reuters
Jun 23, 2025
BUZZ-TD Cowen raises PT on Exxon Mobil

** TD Cowen raises price target on oil and gas major Exxon Mobil XOM.N to $128 from $120, maintains "buy" rating

** New price target represents a 11.6% upside to the stock's last close

** Brokerage says XOM is differentiating itself from peers on technology deployment to improve resource recovery and create deal space

** "Incremental data points included upside to Pioneer Natural Resources synergies, potential for Hess arbitration ruling before 90-day clock, and Baytown Blue Hydrogen project contingent on regulations supporting market" - TD Cowen

** 16 of 27 brokerages rate the stock "buy" or higher, 10 "hold" and 1 "sell"; median PT is $124.50 - data compiled by LSEG

** Including sessions moves, stock up 7.7% YTD

(Reporting by Pooja Menon in Bengaluru)

((Pooja.Menon@thomsonreuters.com;))

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