Opinions John O'Connell, CFA
Exxon MobilXOMCOMMENTJan 19, 2017
Stock price when the opinion was issued
As of Jun 09, 2026. Market Open.
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Trades at 15x PE, pays nearly a 3% dividend yield, is 15% off its peak and well look today's oil and natural gas prices in Asia and Europe. Exxon will be making money for a while.
Jim LebenthalIs up 38% in one year, and 25% annualized over 5 years. Because of the Iran war, war is no longer oversupplied. He will ride this higher, then trim.
Jim LebenthalHas more going for it than just the price of oil. Lots of internal catalysts. Pretty compelling organic growth prospects, especially Guyana production.
Brian Madden
He's been a consistent bull on this one for all of 2025. Neither the upside nor the downside of Venezuela has anything to do with that. He's bullish about the O&G industry over the next 5 years generally. Best deployer of capital among the global large caps. Really, really likes it. Would absolutely invest at current levels.
Expects an all-time high soon. China is stimulating its economy and the American one seems to be doing fine. Oil prices, now low, should go higher.
Jim LebenthalIs a super-integrated, major oil name and pays a good dividend. Are buying back shares. Given the poor performance of the oil price this year, the price will probably rise meaningfully in 2026, lifting oil stocks with it.
Jim LebenthalIs top of class in energy. Nobody knows where energy prices will go, but if they go down, XOM can produce results and pay dividends and buy shares back. Problem is, nobody cares about the energy sector.
Jim Lebenthal
Shareholder returns are a little lighter than peers. Valuation a bit higher than peers. Cashflow per share growth is in line with peers, as is the payout ratio. Balance sheet better than peers.
How many boxes does it tick? Ends up being fair. He wouldn't be buying a big oil company right now in front of the OPEC meeting.
With a 2-year view? With a 2-year view, you could probably buy this. Yields about 3.5%, so you shouldn’t do much worse than that. Technologically it is probably the most advanced oil/gas company, and is well integrated. This is a trading stock. On big oil/gas companies, you ultimately make your money on the production per share basis, i.e. production/shares. This has been producing about 6 million barrels of oil a day for about 10 years. To offset their decline rate, they have to spend so much money, and it costs a lot of money to get it out of the ground. He would prefer a Canadian mid-cap. (See Top Picks)