- Exxon Mobil (XOM, Financial) strengthens its position in carbon capture by partnering with Calpine.
- Analysts set Exxon Mobil's average price target at $124.54, implying a potential upside.
- GuruFocus estimates suggest a downside concerning Exxon Mobil's GF Value.
Exxon Mobil (XOM) has achieved a strategic milestone by finalizing a pivotal agreement with Calpine. This new partnership will enable Exxon to manage up to 2 million metric tons of CO2 annually from Calpine's Baytown carbon capture project. By integrating this project into its operations, Exxon Mobil significantly boosts its CO2 pipeline network, enhancing its total carbon management contracts to approximately 16 million tons per year. This move marks an important step in Exxon's commitment to sustainability and environmental stewardship.
Wall Street Analysts Forecast
Drawing insights from the forecasts of 25 analysts, the one-year average target price for Exxon Mobil Corp (XOM, Financial) stands at $124.54. Notably, the estimates span from a high of $144.00 to a low of $93.00. This average target suggests a potential upside of 15.99% from the current stock price of $107.37. For more in-depth estimates and price targets, investors are encouraged to visit the Exxon Mobil Corp (XOM) Forecast page.
In terms of brokerage recommendations, Exxon Mobil Corp (XOM, Financial) has received an average rating of 2.3 from 28 firms, aligning with an "Outperform" status. This rating is derived from a scale where 1 represents a Strong Buy and 5 indicates a Sell. Such a consensus underscores the positive sentiment among analysts regarding Exxon's potential performance.
According to GuruFocus estimates, the projected GF Value for Exxon Mobil Corp (XOM, Financial) in the upcoming year is $95.29. This figure hints at a potential downside of 11.25% from the current stock price of $107.37. The GF Value is GuruFocus' assessment of what a stock's fair trading value should be, calculated through historical trading multiples, business growth trajectories, and anticipated future performance. For a more comprehensive analysis, investors can refer to the Exxon Mobil Corp (XOM) Summary page.
