Exxon Mobil Corporation (NYSE:XOM) is included among the 15 Dividend Stocks to Buy for Steady Income.
On March 17, Mizuho analyst Nitin Kumar raised the price recommendation on Exxon Mobil Corporation (NYSE:XOM) to $162 from $140. It reiterated a Neutral rating on the shares. The firm increased its 2026 oil price outlook by 14% to $73.25 as the Iran conflict moved into its third week. The analyst said it is still too early to determine whether the situation will change the long-term structure of global oil prices, though the bias appears to be higher. Mizuho remains constructive on the oil and gas sector. It also noted that natural gas fundamentals are still supportive, even as it lowered its fiscal 2026 price outlook by 6%.
On March 19, Reuters reported that a new floating production facility for a consortium led by Exxon Mobil in Guyana is nearly complete and expected to leave Singapore soon, according to a company executive. The project is part of a broader push to accelerate development in a region that has become central to Exxon’s growth. Guyana has already allowed Exxon to lift output capacity to more than 900,000 barrels per day, despite only starting crude production in 2019. That pace has moved the country into the ranks of South America’s larger oil producers.
The floating production, storage, and offloading platform, Errea Wittu, is being built by MODEC. It will be the fifth such vessel installed by the Exxon-led group in Guyana and is designed to produce up to 250,000 barrels per day from the Uaru offshore project. Once the project starts, it could push Guyana’s output past neighboring Venezuela. Exxon expects total capacity from its planned developments in the country to reach around 1.7 million barrels per day by 2030.
Exxon Mobil Corporation (NYSE:XOM) operates across the exploration, development, and distribution of oil, gas, and petroleum products. Its business is organized into Upstream, Energy Products, Chemical Products, and Specialty Products.
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