BMO raises Exxon's PT, citing upstream project pipeline

BMO Capital Markets raises price target on U.S. energy major Exxon Mobil XOM.N to $155 from $125

New PT represents upside of 7.8% to stock's last close

Brokerage raises estimates after XOM's results; sees Q4 update as "neutral from an expectation perspective"

"We like the deep pipeline of upstream (Permian, Guyana, LNG) opportunities, while Exxon should also benefit from major project start-ups in downstream and chemicals," BMO says

Mizuho also raises stock's PT to $140 from $132

15 of 28 brokerages rate stock "buy" or higher, 11 "hold" and 2 "sell"; their median PT is $137.31 - data compiled by LSEG

XOM stock was up 12.1% in 2025