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Oil Over $95: Tailwind or Trap for ExxonMobil's Business Model?
ZACKS· 2026-03-27 15:56
Key Takeaways ExxonMobil benefits from WTI above $95 and a higher EIA price outlook, boosting upstream earnings.XOM lifts Permian recoveries up to 20% and adds Guyana discoveries, supporting strong production growth.XOM's shares rose 40.5% YoY and trade at 10.64x EV/EBITDA, above the industry's 6.63% average.The price of West Texas Intermediate (“WTI”) crude is trading at more than $95 per barrel, according to data from oilprice.com, owing to the ongoing war in the Middle East. Also, in the latest short-ter ...