Mizuho Raises Exxon Mobil Price Target to $140 After $28.8B Q4 Earnings
Mizuho raised its price target on Exxon Mobil to $140 from $132 after updating its financial model following the Q4 report. Exxon posted $28.8 billion in 2025 earnings, generated $52 billion in operating cash flow, reached record 4.7 million boe/d production and delivered $3 billion in cost savings.
1. Analyst Price Target Increase
On February 4, Mizuho lifted its price target on Exxon Mobil to $140 from $132 and maintained a Neutral rating, reflecting revised estimates after the company’s Q4 results.
2. Q4 Financial Performance
Exxon reported $28.8 billion in full-year 2025 earnings and generated $52 billion in operating cash flow, marking top industry performance and supporting Mizuho’s model update.
3. Record Production Output
The company achieved a record 4.7 million barrels of oil equivalent per day in 2025, driven by high-margin projects in the Permian Basin and offshore Guyana.
4. Cost Discipline and Savings
Exxon delivered $3 billion in structural savings last year, bringing total savings since 2019 to $15.1 billion, exceeding the combined cost reductions of its major international peers.