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Exxon Mobil Stock Price Chart, History and Forecast

December 03, 2021 16:20

The world relies on natural gas and oil for a considerable portion of its energy needs, and Exxon Mobil has long been a leader in the energy industry. And since its IPO, this oil giant has delivered significant returns for its shareholders, thanks to its efforts across all the divisions of its business, from marketing to production. Below, we’ll take a closer look at the Exxon Mobil stock price today, its history and and forecasts, to determine whether or not the company stock is still a buy today.

Exxon Mobil Stock Price Chart Today

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Overview of Exxon Mobil Stock Price Today 

Exxon Mobil returned to profitability in 2021, after its revenue plunged by nearly 30% in 2020 amid economic disruptions caused by the Covid-19 pandemic. The firm’s rebound in 2021 was mainly driven by rising oil prices, which hit a seven-year high in October 2021. 

Exxon Mobil Stock Price History  

Let’s now look at the Exxon Mobil corp. stock price history to better understand its evolution, and what lead to its current price. 

Exxon Mobil Stock Price Historical Trends

Exxon Mobil is the product of a merger of Mobil and Exxon, both of which were descendants of John Rockefeller’s Standard Oil. The Federal Trade Commission formally approved the merger in 1999, with the Exxon Mobil stock price hitting a new $42.09 high by the end of the year. The Exxon merger was divided into 30% Mobil and 70% Exxon shareholders, with Mobil investors receiving 1.32 shares of Exxon for each Mobil share they had pre-merger.

A huge portion of Exxon Mobil’s stock price gains came from two different periods. The first was the mid-to-late 2000s, as oil price rallied to almost $150 per barrel. Before the financial crisis hit soon after and sent oil prices plunging to below $40, the price of Exxon Mobil stock was sitting at $94.45.

By early 2010, a rebound in oil prices tremendously helped the Exxon Mobil stock price per share. The stock hit its all-time high of $104.38 on June 23, 2014. Then, between August 2014 and March 2020, the Exxon Mobil stock price history graph lost a whopping 71%, before bottoming out at $31.23 in March 2020. We can attribute this sharp, consistent decline to the fact that Exxon Mobil wasn’t well insulated from market volatility, regardless of its vertical integration.

Exxon Mobil Stock Price Splits 

Exxon Mobil only has one stock split in its history. The split took place on June 20, 2001, and was a 2 for split, implying that for each share of Exxon Mobil owned pre-split, shareholders now owned 2 shares. For example, a 1000 share position pre-split became a 2,000 share position following this first and only (so far) split

Why did Exxon Mobil split its stock? In fact, the company followed a pattern that many other stock market giants follow for their own stock split decision. In 2000 and 2001, a recovery in oil led to an increase in Exxon’s stock price, which triggered the company’s only stock split. The lower-priced shares on a per-share basis post-split improved demand for the stock and attracted a wider range of buyers, which, in turn, caused the stock price of Exxon Mobil to appreciate temporarily.

Exxon Mobil Stock Price Prediction  

Use these predictions from experts to reinforce your well-informed decision on whether or not you should buy Exxon Mobil stock.

Analyst consensus: buy, hold, or sell? 

According to TipRanks, 9 analysts giving stock ratings to Exxon Mobil classify it as a hold. Out of 9 analysts, 3 rate the stock a buy, 4 rate it a hold, and 2 rank it a sell.  

Price targets 

While analyzing the Exxon Mobil stock price chart, we found a critical resistance zone ranging from $63.89 to $64.80. This zone is formed by a combination of important moving averages and multiple trend lines in various time frames. If you’re looking forward to investing in the company stock, that’s the range you should watch out for.  

Predictions in 1, 2, 5, 10 years 

According to AI Pickup, 8 Wall Street analysts offering Exxon Mobil stock price targets have an average price target of $67.56, with a low forecast of $60.0 and a high forecast of $72. For 2022, 2025, and 2030, the analysts have an average price target of $91.56, $143.95, $190, respectively.

Where Can I Buy XOM Stock Today? 

You can easily invest in Exxon Mobil stock through a brokerage account that allows you to buy, trade, and keep Exxon Mobil stocks from the comfort of your own home or laptop or smartphone. You need to select a broker which is reliable, regulated and provides a great trading experience. ZFX is one of these brokers.

Besides being a well financially regulated broker, the ZFX platform also awards investors and traders access to a wide range different financial assets that one can invest in both with and without leverage. This, in turn, gives almost everyone access to short, mid, and long-term investment opportunities.

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Investing in Exxon Mobil: Tutorial  

First, note that you’ll execute all trades on ZFX using the MetaTrader 4 Platform (MT4). Widely accepted as the industry benchmark in the trading realm, the MT4 platform offers traders and investors the most powerful charting platform on the market. Now onto the step-by-step tutorial to trade XOM.

Step 1: Register with ZFX 

On ZFX’s homepage, find and click the link marked “Open an Account.” On the form that pops up, you’re required to fill in all your personal data and press “Next” when you’re done.

Trade Exxon Mobil stock price - Step 1

Another form should pop up. Here, ZFX requires you to select your preferred account type and tick several boxes if you agree with the company’s privacy policy and terms & conditions. When you’re done, hit the “Sign up Now” button to proceed.

Trade with ZFX - basic info Exxon Mobile stock price

Right after this, ZFX will invite you to download the MT4 trading platform and will also provide you a username and password to login to MT4. You will need to take note of these details for later.

MT4 Login to trade McDonald's stock price

Step 2: Make Your First Deposit 

Before you start investing in Exxon Mobil stock, fund your account with the amount you’d like to invest. Note that via ZFX, you can choose to deposit funds through a bank transfer or a credit card.

Make Deposit - Exxon Mobil Stock Price

Step 3: Account Verification

As part of the KYC (know your customer) process, ZFX requires all newly registered investors to provide proof of identity (such as a valid passport), as well as a confirmation of residence (such as a valid utility bill dated to the last six months). Note that ZFX takes around 24 hours to review and verify identities.trade Facebook shares with ZFX - Step 4

Step 4: Invest in Exxon Mobil Stock at Current Price 

You’re now only a step away from becoming an investor. Download the MT4 platform using the link provided in step 1. After installing the software on your device, log in using the details ZFX sent to your inbox and start investing in Exxon Mobil stock (which trades under the XOM symbol).

To Buy or Not to Buy Exxon Mobil? 

  • Exxon Mobil’s financial outlook is improving

The current stock price of Exxon Mobil has been steadily coming out of the deep slump it fell into during the Covid-19 pandemic that hit in March 2020. The stock was almost 50% in 2021 compared to 2020, massively outperforming the benchmark S&P 500. This surge has left many analysts and seasoned investors convinced that Exxon Mobil is a great long-term investment

  • Gains on quarterly earnings 

Exxon Mobil has been posting better-than-anticipated quarterly earnings, such as for Q3 of 2021. The company unveiled plans to repurchase approximately $10 billion in stocks over 2022 and 2023. And what’s more, adjusted earnings for the third-quarter of 2021 of $1.58 per share, ahead of Wall Street consensus forecasts of $1.56 per share, are just one example of how Exxon Mobil has a history of exceeding expectations.

  • Competition from low carbon energy options?

One of the biggest risks to Exxon Mobil’s future is the ongoing worldwide shift towards low carbon energy options. The fear is that natural gas and oil may fall out of use so fast that Exxon and its counterparts are left with energy assets with little to no value.

But while these aren’t unreasonable concerns, remember that timing matters. Exxon Mobil has pointed out in the past that energy transitions take a long time to play out, with the transition to oil from coal lasting around a century. In other words, as the rest of the world shifts to things like wind and solar power, it could very well be a long time before natural gas and oil are significantly out of the picture

This not only allows Exxon Mobil to stick with its business model for the foreseeable future, but it also awards the company enough time to craft a strategy that’ll allow them to conquer the renewable power business sector in the future.

Things to Know About the Exxon Mobil Stock Price Before You Invest 

  • Keep track of oil prices 

As Ethan Bellamy, East Daley Capital Advisor’s new midstream strategy director put it, “The price of oil is the uber variable upon which all other energy activity depends”.

As explained earlier, a dip in oil prices for extended periods affects Exxon Mobil’s cash flow and earnings per share, both of which end up affecting the Exxon Mobil stock price. So, as an Exxon Mobil investor and trader, you’ll need to keep an eye on Oil prices consistently.

  • The importance of climate change

ESG investing has been gaining steam, and today, ESG concerns are playing an increasingly important role in the stock market. With that in mind, oil giants like Exxon Mobil have tough decisions to make ahead of them. And these decisions might change the course of their businesses altogether.

Even worse, note that in the meantime, uncertainties about the future course of Exxon Mobil and its counterparts are making some investors hesitant to either buy or hold their stocks. Exxon Mobil now has three new board members who represent an activist hedge fund. As a result, the firm has been facing renewed pressure to invest more in clean energy and adopt net-zero carbon emission targets.

  • Get familiar with Exxon stock listing and news 

Exxon Mobil is traded on the NYSE (New York Stock Exchange) under the ticker symbol “XOM.” The firm’s shares are also part of the S&P 500, the S&P 100, and the DJIA. Also, remember to stay on Clean Energy Industry news and events that may end up affecting Exxon Mobil’s stock price.

  • Exxon Mobil brands and business divisions 

As an Exxon Mobil stock investor, you’ll need to remember that the company operates across four distinct global functional units. These include:

  • The Corporate and Financial division, focused on natural gas liquids, gas, and power marketing 
  • The Chemical division, which produces a wide array of specialty and commodity chemical products
  • Its Downstream division, which is responsible for refining crude oil and natural gas raw materials into lubricants, fuels, and more.
  • The Upstream division, which produces, explores, and develops oil as well as natural gas. 

Also, Exxon Mobil sells lubricants and fuels under four brands: Exxon Mobil Chemical, Mobil, Esso, and Exxon.

  • Learn how to use fundamental analysis 

Before making a final decision, spend sufficient time conducting qualitative research. For instance, find out what Exxon Mobil’s management is like. Also look at how they make money, and the competition they face. Finally, quantitative analysis analysis can be useful. This means looking into Exxon Mobil’s revenue and earnings, as well as its net income.

Bottom Line: Should you Buy Exxon Mobil Stock Now? 

As shown by recent earnings, Exxon Mobil has proven beyond a reasonable doubt that it can still make money in the toughest of circumstances. Understandably, some investors may be worried about non-financial factors like ESG for instance. Needless to say, though, the shift away from oil won’t happen overnight. And in the meantime, Exxon Mobil’s management is deliberating on the best strategic course the company should take moving forward

If you feel ready to invest in Exxon Mobil stock today, you can do so through ZFX. Simply follow the tutorial presented in this guide. You’ll then be able to add XOM to your portfolio in a few simple steps.

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