XOM Stock Price Forecast 2026 to 2035:- In the ever-evolving energy landscape, Exxon Mobil (XOM) remains a titan of industry and a cornerstone for dividend-seeking investors. As we enter 2026, the company is reaping the rewards of a decade-long transformation. For investors looking at the XOM Stock Price over the next ten years, the story is no longer just about the price of a barrel of oil; it is about operational efficiency, high-margin production, and a strategic pivot toward a lower-carbon future.
This comprehensive guide explores the XOM Stock Price forecast from 2026 to 2035, breaking down the catalysts that could drive this energy giant to new heights.
The 2026 Baseline: A Year of Execution
As of early 2026, the XOM Stock Price is trading around $122.60. The company has successfully integrated its Pioneer Natural Resources acquisition, cementing its dominance in the Permian Basin.
Key Drivers for 2026
- Permian Powerhouse: Production in the Permian Basin is scaling toward 2 million oil-equivalent barrels per day, benefiting from massive economies of scale and proprietary drilling technology.
- Guyana Growth: The offshore projects in Guyana continue to deliver world-class, low-cost barrels, with break-even prices well below $40 per barrel.
- Shareholder Returns: Exxon Mobil remains committed to its massive buyback program, planning to repurchase roughly $20 billion of its shares throughout 2026. This aggressive reduction in share count provides a steady tailwind for the XOM Stock Price.
2026 Price Target: Analysts suggest a trading range between $135.00 and $150.00, depending on global demand stability.
Mid-Term Outlook: XOM Stock Price Target (2027–2030)
By the late 2020s, Exxon Mobil’s “Corporate Plan 2030” will be in its final stages of delivery. The company has explicitly stated its goal to double its earnings potential by 2027 compared to 2019.
The Profitability Pivot
Exxon is shifting its portfolio toward “advantaged assets”—projects that remain profitable even if oil prices dip to $40–$50 per barrel.
- LNG Dominance: Projects like Golden Pass LNG and the Qatar North Field expansion will be in full swing by 2028, providing steady, infrastructure-like cash flows.
- Low Carbon Solutions (LCS): By 2030, Exxon’s LCS business (carbon capture, hydrogen, and lithium) is expected to start contributing meaningful revenue. The company is investing $20 billion into these lower-emission opportunities through 2030.
- Earnings Growth: Management projects earnings growth to average 13% per year through 2030.
2030 Price Prediction: If Exxon maintains its 17%+ return on capital, the XOM Stock Price could reach the $175.00 to $210.00 range.
Long-Term Vision: The Path to 2035
Looking toward 2035, the XOM Stock Price will be influenced by how effectively the company transitions from a traditional “Oil & Gas” company to a “Global Energy & Chemical” provider.
The $250 Milestone?
- Chemicals & High-Value Products: By 2035, the Product Solutions segment—focusing on performance chemicals and lubricants—will likely account for a larger share of the total pie, offering higher margins and less cyclicality than crude oil.
- Carbon Capture as a Service: Exxon aims to be a leader in third-party carbon sequestration. By 2035, this could be a multi-billion dollar business, providing a “green” multiple to the stock’s valuation.
- The Dividend Aristocrat Status: With over 50 years of potential dividend increases by this time, the XOM Stock Price will be supported by a loyal base of institutional and retail income investors.
2035 Price Target Range: * Conservative: $195.00
- Bull Case: $265.00+ (Assuming carbon capture becomes a dominant global industry).
Projected XOM Stock Price: 2026-2035 Forecast Table
| Year | Production Target (Moebd) | Expected Dividend | Avg. Price Target |
| 2026 | 5.1 | $3.95 | $142.00 |
| 2028 | 5.3 | $4.30 | $168.00 |
| 2030 | 5.5 | $4.85 | $195.00 |
| 2035 | 5.8+ | $6.00+ | $240.00 |
Key Risks to the Forecast
No investment is without risk, especially in the energy sector.
- Global Transition Speed: If the shift to EVs and renewables happens faster than XOM’s internal “Global Outlook” predicts, oil demand could peak sooner, putting pressure on the XOM Stock Price.
- Regulatory Hurdles: Increased carbon taxes or litigation regarding climate change could impact margins and investor sentiment.
- Commodity Volatility: Despite cost-cutting, a prolonged period of sub-$50 oil would significantly slow the pace of buybacks and price appreciation.
FAQ: XOM Stock Price & Investment Strategy
Is XOM Stock a good buy for the long term?
Historically, XOM has been a stellar performer for total returns (dividends + capital gains). For investors looking for a hedge against inflation and a steady income stream, XOM remains a core “Blue Chip” energy play.
How does the Pioneer merger affect the XOM Stock Price?
The merger added high-quality, low-cost inventory in the Permian Basin. It allows XOM to produce more oil for less money, which directly increases the free cash flow available for dividends and buybacks.
What happens to XOM if oil demand drops?
Exxon is diversifying into “Product Solutions” and “Low Carbon Solutions.” Their goal is to be the lowest-cost producer, meaning even in a shrinking market, they would likely be the “last man standing” with the most resilient margins.
What is the “Low Carbon Solutions” segment?
It is Exxon’s newest business unit, focusing on Carbon Capture and Storage (CCS), Hydrogen, and Lithium production. They expect this to be a major profit driver by the mid-2030s.
Conclusion
The XOM Stock Price forecast for 2026 to 2035 paints a picture of a legacy giant that has successfully evolved. By focusing on its “advantaged” assets in Guyana and the Permian, while simultaneously building a massive carbon-capture moat, Exxon Mobil is positioning itself as a hybrid energy play—part traditional oil giant, part future-tech energy provider.
For the patient investor, the next decade offers a compelling mix of yield and growth. As long as the company maintains its capital discipline and continues its aggressive share repurchases, the path toward the $200 level seems increasingly likely by the decade’s end.