Exxon Mobil Production Forecast to Exceed 5.1M boe/d by 2027
XOM sits 31% above its 52-week low of $105.525.
Summary
Analysts project Exxon Mobil's oil equivalent production to grow from approximately 4.7 million barrels per day (boe/d) currently to over 5.1 million boe/d by 2027, driven by key projects in Guyana and the Permian Basin. This positive outlook on future output provides a counterpoint to the 6% production cut forecast in April and the significant Q1 2026 earnings decline. The company also confirmed its redomicile from New Jersey to Texas will take effect July 1, 2026, an administrative change that does not require shareholder action.
At the time of this announcement, XOM was trading at $138.55 on NYSE in the Energy & Transportation sector, with a market capitalization of approximately $574B. The 52-week trading range was $105.53 to $176.41. This news item was assessed with positive market sentiment and an importance score of 7 out of 10. Source: Wiseek News.