ExxonMobil (XOM) will report its third-quarter 2026 results on October 30; traders note expected support from refining margins, a negative impact on the Upstream segment from lower liquid hydrocarbon volumes, a benefit from gas, growth in the Specialty segment, and weakness in the Chemical segment.

Around 20 analysts track ExxonMobil (XOM). The average price target is approximately $173. Recent price targets range from $142 to $185; Morgan Stanley upgraded its rating to “Overweight” with a price target of $185, while Wells Fargo downgraded its rating to “Equal Weight” with a price target of $182.

ExxonMobil (XOM) has used its windfall profits to reduce debt. Traders are watching to see whether the company can sustain its current spending and investment plans while profits remain high.

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