Goldman Sachs Stays On The Sidelines On Exxon Mobil - Here's Why

Goldman Sachs analyst Neil Mehta cut the price forecast for Exxon Mobil Corporation XOM from $125 to $123 ahead of the company’s fourth-quarter results, which will be reported on January 31, 2025.The analyst updates ExxonMobil estimates to reflect mark-to-market commodity prices and incremental Upstream guidance, maintaining a Neutral rating.While the company benefits from strong execution, shareholder returns (~8% capital returns yield in 2025/2026), and premium Upstream assets (Permian, Guyana, LNG), its ...