JPMorgan lifts Exxon price target

JPMorgan raised its Exxon Mobil price target to $170 from $140 on April 9 and kept an overweight rating on the stock. (marketbeat.com) The call came from JPMorgan analyst Arun Jayaram, according to brokerage-tracking reports published this week. Trendonify said the new target implied about 9.7% upside from Exxon’s latest close, while Exxon shares finished April 10 at $152.51. (gurufocus.com) (trendonify.com) (finance.yahoo.com) Other analysts have also moved their targets higher in recent days. MarketBeat reported Jefferies lifted its target to $184, Morgan Stanley raised its target to $172 in late March, and HSBC increased its target to $158 in March, while BNP Paribas Exane kept a much lower $125 target after a downgrade in February. (marketbeat.com) Those calls are landing after Exxon reported 2025 earnings of $28.8 billion and cash flow from operations of $52.0 billion on January 30. Exxon said production in the Permian Basin reached 1.6 million oil-equivalent barrels a day in 2025, while Guyana exceeded 700,000 gross barrels a day. (investor.exxonmobil.com) Exxon has spent the past two years arguing that its highest-return oil and gas assets can keep growing even if commodity prices swing. In its 2025 results, the company said advantaged assets in the Permian, Guyana and liquefied natural gas made up 59% of production, up about 7 percentage points from 2024. (investor.exxonmobil.com) The company is also still absorbing its Pioneer Natural Resources deal. Exxon said in its 2025 annual report that it completed the acquisition on May 3, 2024, issuing about 545 million shares with a fair value of $63 billion and assuming about $5 billion of debt. (sec.gov) In Guyana, Exxon’s growth story kept moving this year. SBM Offshore and ExxonMobil Guyana said on February 4 that Exxon completed the purchase of the ONE GUYANA vessel, the fourth and largest production ship on the Stabroek block, after first oil there in August 2025. (sbmoffshore.com) (newsroom.gy) Investors now have another near-term checkpoint ahead. Exxon is expected to report first-quarter 2026 results on May 1, based on earnings calendars tracked by MarketBeat and Zacks, and that report will test whether the higher targets hold up. (marketbeat.com) (zacks.com)