XOM
Exxon Mobil Corporation
Integrated oil major; investing in low-carbon solutions (CCS, lithium, hydrogen) alongside core upstream.
$111.71
+0.49 (+0.44%) session
Demo quote — not a live market feed
Market cap
$490B
P/E
14.2
Div yield
3.40%
Volume
25M
Price history
+13.06% over 1Y
Illustrative demo series
At a glance
Primary R&D focus
Horizon score
Solid forward setup
Cash machine with disciplined capital returns; transition upside is optional, not priced as tech.
Forward brief
What matters next — not a recap of last quarter
Exxon’s near-term future is Guyana/Permian volumes and distributions; the longer future is whether CCS/lithium become real earnings lines. R&D is mostly core upstream with adjacent transition options. Next earnings: production + capex — and any FID color on low-carbon.
Next earnings
Q3 2026 · Oct 31, 2026
Expected EPS
$1.95
Expected revenue
$88B
Report date
Oct 31, 2026
Oil price realizations, Guyana production, and buyback pace.
What to watch on the call
- Production volumes (Guyana, Permian)
- Chemical margins
- Capex guidance
- Low-carbon project FID updates
Questions that actually matter
- How fast do low-carbon projects need to scale to matter to valuation?
- Is capital return sustainable across $60–$90 oil?
R&D deep dive
Not just “they invest in R&D” — in what, for when, and is it core?
Annual R&D / tech spend
Tech + low-carbon development
Spend trend
Rising
% of revenue
See filings
Core R&D still optimizes hydrocarbons; CCS is adjacent transition bet; lithium is exploratory. Transition spend is real but still small vs upstream cash engine — calibrate expectations.
Carbon capture & storage (CCS)
Hub projects and storage technology to decarbonize industrial emissions.
Strategic bet: Monetize policy incentives and industrial demand for abatement.
Lithium from oilfield brines
Direct lithium extraction projects for EV battery supply.
Strategic bet: Optional materials business adjacent to energy transition.
Upstream recovery & digital ops
Reservoir modeling, automation, methane reduction tech.
Strategic bet: Keep barrels cheap and cleaner.
Strategic bets
Where management is placing multi-year chips
High-return barrels + selective transition
Fund advantaged upstream while building optional low-carbon cash flows.
Horizon · 5–15 years
Upcoming catalysts
Oct 31, 2026
Q3 earnings
Volumes + distributions
Forward risks
Oil price
Commodity downside hits FCF and multiple.
Policy transition risk
Faster demand destruction or carbon costs.