ExxonMobil gains as strong quarterly results and higher oil prices bolster sentiment

ExxonMobil Holdings Corporation (XOM) is up 3.4% today. Here is some analysis on what might have caused this price movement.

Analysis: The most likely driver is a combination of stronger crude prices and continued investor reaction to ExxonMobil’s late-July second-quarter results, which showed a sharp jump in earnings and cash flow. Higher oil prices tend to lift expectations for integrated energy producers, and ExxonMobil also entered August with fresh evidence of strong upstream, refining, and shareholder-return performance.

Details:

ExxonMobil said on July 31 that second-quarter 2026 earnings rose to $14.5 billion from $4.2 billion in the first quarter, while adjusted earnings reached $14.7 billion.

The company highlighted record Permian output, the highest upstream production in more than two decades excluding disrupted Middle East volumes, and record second-quarter diesel production.

ExxonMobil reported $23.6 billion in operating cash flow, $17.2 billion in free cash flow, and $9.4 billion in shareholder distributions, including dividends and share repurchases.

Oil prices moved higher on August 10 as uncertainty around the Strait of Hormuz supported crude, which likely improved the market’s near-term outlook for large oil producers such as ExxonMobil.

Sources:

ExxonMobil, SEC, Associated Press

Disclaimer: This price movement analysis was generated with the help of AI. Please double-check the information provided for mistakes.

$XOM Insider Trading Activity

$XOM insiders have traded $XOM stock on the open market 3 times in the past 6 months. Of those trades, 0 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $XOM stock by insiders over the last 6 months:

DARRIN L TALLEY (VP - Corp Strategic Planning) has made 0 purchases and 3 sales selling 6,460 shares for an estimated $989,083.

To track insider transactions, check out Quiver Quantitative's insider trading dashboard. You can access data on insider stock transactions through the Quiver Quantitative API insider transaction endpoint.

$XOM Hedge Fund Activity

We have seen 1,404 institutional investors add shares of $XOM stock to their portfolio, and 1,977 decrease their positions in their most recent quarter.

Here are some of the largest recent moves:

FMR LLC added 8,288,753 shares (+6.3%) to their portfolio in Q1 2026, for an estimated $1,440,019,149
CAPITAL INTERNATIONAL INVESTORS removed 8,047,851 shares (-33.5%) from their portfolio in Q1 2026, for an estimated $1,398,166,835
BANK OF AMERICA CORP /DE/ removed 6,668,553 shares (-8.9%) from their portfolio in Q1 2026, for an estimated $1,158,539,049
GOLDMAN SACHS GROUP INC added 5,848,882 shares (+22.3%) to their portfolio in Q1 2026, for an estimated $1,016,136,212
CAPITAL WORLD INVESTORS added 5,651,424 shares (+117.9%) to their portfolio in Q1 2026, for an estimated $981,831,498
ARROWSTREET CAPITAL, LIMITED PARTNERSHIP added 4,516,943 shares (+inf%) to their portfolio in Q1 2026, for an estimated $784,736,186
FEDERATED HERMES, INC. removed 2,933,919 shares (-61.4%) from their portfolio in Q1 2026, for an estimated $509,714,735

To track hedge funds' stock portfolios, check out Quiver Quantitative's institutional holdings dashboard. You can access data on hedge funds moves and 13F filings through the Quiver Quantitative API 13F endpoint.

$XOM Congressional Stock Trading

Members of Congress have traded $XOM stock 4 times in the past 6 months. Of those trades, 1 have been purchases and 3 have been sales.

Here’s a breakdown of recent trading of $XOM stock by members of Congress over the last 6 months:

REPRESENTATIVE JAMES A. HIMES sold up to $50,000 on 07/20.
REPRESENTATIVE MATTHEW VAN EPPS sold up to $15,000 on 06/16.
SENATOR ALAN ARMSTRONG sold up to $15,000 on 03/27.
REPRESENTATIVE GILBERT RAY CISNEROS, JR. purchased up to $100,000 on 02/10.

To track congressional stock trading, check out Quiver Quantitative's congressional trading dashboard. You can access data on congressional stock trades through the Quiver Quantitative API Congress trades endpoint.

$XOM Price Targets

Multiple analysts have issued price targets for $XOM recently. We have seen 17 analysts offer price targets for $XOM in the last 6 months, with a median target of $170.0.

Here are some recent targets:

Nitin Kumar from Mizuho set a target price of $170.0 on 07/09/2026
Jason Gabelman from TD Cowen set a target price of $155.0 on 07/02/2026
Devin McDermott from Morgan Stanley set a target price of $168.0 on 06/29/2026
Jean Ann Salisbury from B of A Securities set a target price of $154.0 on 06/16/2026
Betty Jiang from Barclays set a target price of $182.0 on 05/26/2026
Bob Brackett from Bernstein set a target price of $182.0 on 05/11/2026
Biraj Borkhataria from RBC Capital set a target price of $180.0 on 05/05/2026

This article is not financial advice. See Quiver Quantitative's disclaimers for more information. Note that there may be inaccuracies due to mistakes in ticker-mapping, and other anomalies.