Exxon Mobil Corporation

• XOM Stock Price 24h change: +0.02%. From 133.61 USD to 133.64 USD.
• Price performance analysis: The stock reached a new all-time high of $134.18 during the session before paring gains. Positive sentiment remains driven by robust long-term growth plans and capital discipline, though soft WTI crude prices (hovering near $60) limited upside momentum.
• Key technical indicators: RSI (14) at 66.7 (Bullish/Approaching overbought), MACD at 1.0 (Bullish), 50-day MA at $130.27, 200-day MA at $122.42. The technical outlook is a "Strong Buy" as the stock maintains a clear upward channel and has successfully broken past previous resistance at $130.
• ExxonMobil updated its 2030 Corporate Plan, projecting an additional $5 billion in earnings and cash flow growth compared to previous forecasts without increasing capital expenditure.
• The company announced it expects to meet its 2030 greenhouse gas emissions intensity reduction targets four years ahead of schedule, by 2026.
• CEO Darren Woods met with industry executives to discuss a potential "action plan" for redeveloping Venezuela's energy infrastructure following significant regional political shifts.
• The U.S. Energy Information Administration (EIA) Jan 2026 outlook forecasts domestic crude production will remain near record levels of 13.6 million b/d through 2026 before a projected 2% decline in 2027.
• Global oil markets face bearish pressure as OPEC+ production increases are expected to push the market into a surplus, with Brent crude projected to average around $57/bbl in 2026.

• XOM Stock Price 24h change: +2.41%. From 130.46 USD to 133.61 USD (NYSE). The rally was driven by a broader surge in energy stocks and positive sentiment following the removal of Venezuela's leader, sparking hopes for increased oil infrastructure investment.
• Technically, XOM is in a "Strong Buy" phase with the stock hitting a new all-time high of 133.86 USD in recent sessions. Key indicators show a bullish trend: the 14-day RSI (76.2) is in overbought territory, while 50-day and 200-day moving averages (128.94 and 121.93 respectively) confirm long-term upward momentum despite potential short-term volatility.
• Barclays raised XOM's price target to 140 USD on January 21, maintaining an "Overweight" rating as the company benefits from strategic growth in low-cost production areas like Guyana.
• Exxon Mobil announced the start of a major project at its Baytown refinery on January 22 aimed at increasing the output of high-value diesel and lubricant base stocks.
• Geopolitical tensions in Venezuela have refocused market attention on Exxon’s historical claims and future investment potential in the region, supporting recent price strength.
• Brent crude prices spiked to 66 USD/bbl in early January before stabilizing at 64 USD/bbl, as US blockades on Venezuelan and Iranian tankers created global supply uncertainties.
• The International Energy Agency (IEA) forecast on January 21 that global oil demand growth will accelerate to 930 kb/d in 2026, primarily driven by non-OECD petrochemical demand.