Exxon Has A Differentiated Permian Position Post-Pioneer Deal: Goldman Sachs Analyst

Group 1 - Goldman Sachs analyst Neil Mehta rated Exxon Mobil Corporation XOM Neutral with a price target of $125, following the company's unveiling of its Corporate Plan to 2030, which aims for an additional $20 billion in earnings and $30 billion in cash flow over the next six years [1] - ExxonMobil is targeting up to $30 billion in lower-emissions investments and plans to allocate $27 billion to $29 billion in capital expenditures for 2025, with annual investments of $28 billion to $33 billion from 2026 to 2030, while reducing the reinvestment rate to 40% [2] - The company plans to deploy technology in over 200 wells over the next 12 months, although supply chain constraints are a key focus for managing deployment [3] Group 2 - ExxonMobil has been cautious regarding its 2030 volume outlook for Guyana, forecasting 1.3 million barrels per day (bpd), compared to Goldman Sachs' estimate of 1.5 million bpd [3] - The company emphasized its focus on using 4D seismic technology and expanding high-performance computing capacity to enhance resource recovery and maximize value capture [4] - ExxonMobil is collaborating closely with the Guyanese government on gas development projects [4] Group 3 - The analyst estimates earnings per share (EPS) of $7.91 for 2024, $8.35 for 2025, and $9.71 for 2026 [6] - Investors can gain exposure to XOM through EA Series Trust Strive U.S. Energy ETF DRLL and Vanguard Energy Index Fund ETF VDE [6] Group 4 - XOM shares are down 0.39% at $111.48 as of the last check [7]