Wells Fargo keeps USD 182.00 target for ExxonMobil stock

Published on 10/13/2026 at 16:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

GAAP earnings were USD 14.5 billion in Q2 2026. ExxonMobil stock costs EUR 154.63 on October 13, 2026 at 4:14 p.m. CEST, up 0.99 percent on NYSE.

Target and earnings shape valuation

Wells Fargo kept its USD 182.00 target after the October 1, 2026 rating change.
ExxonMobil reported USD 14.5 billion in GAAP earnings for the second quarter of 2026.
ExxonMobil stock costs EUR 154.63 at Lang & Schwarz on October 13, 2026 at 4:14 p.m. CEST, up 0.99 percent on the NYSE.
ExxonMobil has a 22.38 price-to-earnings ratio and a 2.00 percent dividend yield.

ExxonMobil, US30233Q1085, Illustration mit AI erstellt.

Wells Fargo downgraded ExxonMobil to Equal Weight from Overweight while keeping its USD 182.00 price target in a note dated October 1, 2026, according to Yahoo Finance. The target stands 4.68 percent above the NYSE price of USD 173.86. At Lang & Schwarz, ExxonMobil stock was trading at EUR 154.63 on October 13, 2026 at 4:14 p.m. CEST, up 0.99 percent on the day on the NYSE.

Second-quarter earnings set the base

ExxonMobil reported USD 14.5 billion in GAAP earnings for the second quarter of 2026. Adjusted earnings reached USD 14.7 billion, while operating cash flow came to USD 23.6 billion in the same period.

The earnings mix gives the valuation discussion a concrete base: adjusted earnings exceeded GAAP earnings by USD 0.2 billion, while cash flow from operations was USD 9.1 billion higher than GAAP earnings. ExxonMobil also reported USD 6.8 billion of cash capital expenditures for the second quarter.

Price sits below the yearly high

The NYSE quote was USD 173.86 at 10:29 a.m. ET on October 13, 2026, up 0.99 percent from USD 172.15. The USD 110.39 to USD 176.41 52-week range places the stock 1.45 percent below its high and 57.49 percent above its low.

The euro quotation is lower than the US-dollar share price because it reflects the exchange rate and the Lang & Schwarz venue. The two prices are separate market observations and are not combined into one return figure.

Valuation and the next date

ExxonMobil had a market capitalization of USD 720.6 billion and a price-to-earnings ratio of 22.38 on October 13, 2026. Its trailing dividend yield was 2.00 percent, giving income investors a second valuation reference alongside the analyst target.

The next earnings report is scheduled for October 30, 2026, according to Gekko. The date is 17 days after the October 13 quotation and arrives while the stock remains 1.45 percent below its 52-week high.

Comparison with peers

ExxonMobil (NYSE, USD): plus 0.99 percent, P/E 22.38, market capitalization USD 720.6 billion
Chevron (NYSE, USD): plus 1.31 percent, P/E 20.88, market capitalization USD 433.8 billion
ConocoPhillips (NYSE, USD): plus 1.50 percent, P/E 18.50, market capitalization USD 170.1 billion

Trading remains close to the high

ExxonMobil stock was trading at EUR 154.63 at Lang & Schwarz on October 13, 2026 at 4:14 p.m. CEST, up 0.99 percent on the day on the NYSE. The share price remained 1.45 percent below the 52-week high of USD 176.41 in the home-market quote. The further course of trading is shown by the continuously updated real-time quote of ExxonMobil stock.