Analysts raised their price targets for ExxonMobil after the company reported strong earnings of $4.23 per share.

Nov 2, 2026, 11:43 AM ETResultsRead the original at Benzinga

Good for XOM

Beating profit and sales estimates and raising production point to better business prospects. Shares fell 2.9% Monday, though both analysts raised targets and one kept an even-performance rating.

XOM · ExxonMobil Holdings Corporation

AI read · Good for XOM

The AI's read

Higher production and better efficiency suggest ExxonMobil's past investments are helping it meet energy demand. Distillate production on the U.S. Gulf Coast has risen about 40% since 2019. Both analysts raised their price targets, though one kept a rating that expects the shares to perform in line with the market. Monday's share decline does not erase the stronger company results.

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