Benzingaยท2025-10-08 17:32Core Insights - Major oil companies are under pressure to adapt to volatility in global energy markets and shifting demand, with investors closely monitoring their performance and strategies [1] - JP Morgan analyst Arun Jayaram has reiterated an Overweight rating on Exxon Mobil Corporation (NYSE:XOM) with a price forecast of $124 [1] Earnings Expectations - The analyst expects an adjusted EPS of $1.86 for Exxon Mobil, which is approximately 3% above the consensus estimate of $1.81 [2] - ExxonMobil anticipates changes in oil prices will impact its Upstream results by $(100) million to $300 million in the third quarter compared to the second quarter [3] Segment Projections - For the Upstream segment, total production is expected to be 4,790 MBoe/d and liquids output at 3,361 MBo/d, slightly above consensus estimates [4] - In the Energy Products segment, earnings are projected at $2.0 billion, an increase from $1.37 billion in the second quarter [4] - In Chemicals, net income is expected to rise to $500 million from $293 million in the second quarter [4] Financial Metrics - For Specialty Products, earnings are forecasted at around $788 million, compared to $780 million in the prior quarter [5] - Projected operating cash flow for the third quarter is $15.3 billion, with capital expenditure at $7.8 billion and free cash flow at $7.5 billion [5] - The analyst expects $4.2 billion in dividend payments and $5 billion in share buybacks [5] Market Performance - Exxon Mobil shares were up 0.54% at $114.87 at the time of publication [6]