Exxon Mobil stock holds above $166 as oil stays hot

Exxon Mobil stock held at $166.56 after a 1.1% rise, while second-quarter revenue reached $114.53 billion and earnings came in at $3.52 a share on July 31, 2026.

Exxon Mobil (US30231G1022) stock traded at $166.56 after a 1.1% gain, with intraday trade reaching $168.64 and volume of 13.4 million shares on August 20, 2026.

Oil prices are the driver

The move came as crude stayed elevated and market commentary tied the advance to stronger upstream expectations for Permian and Guyana output, with Brent cited near multiyear highs and WTI above $80. The stock also finished the session above its prior close of $164.77, keeping the price action firmly anchored to the latest trading day.

Analyst sentiment stayed mixed, with a Hold consensus and a $166.10 average target, while the 50-day moving average stood at $147.81 and the 200-day moving average at $151.10. That leaves the shares above both trend lines and only a few cents above the consensus target.

Quarterly numbers still matter

Exxon Mobil reported second-quarter revenue of $114.53 billion on July 31, 2026, alongside earnings of $3.52 a share, compared with $1.64 a year earlier. The same report showed net margin of 8.88% and return on equity of 13.14%, a reminder that higher crude is only one part of the story.

Cash generation was strong too: operating cash flow reached $23.6 billion in the quarter, and the company said it produced free cash flow of $17.2 billion. That operating profile gives investors a current read on why the stock has held up even as analysts debate how much of the oil-price tailwind is already reflected in the valuation.

Projects and payout

The latest company commentary also points to production work in Nigeria, Mozambique and the Permian, including a deepwater project aimed at an additional 40,000 barrels per day and more than $1.1 billion in Mozambique LNG contracts. Those figures frame the next phase of volume growth, not just the current quarter.

Exxon Mobil declared a quarterly dividend of $1.03 a share on July 31, 2026, and the payment is scheduled for September 10, 2026. The annualized rate is $4.12 a share, which keeps the income case visible alongside the earnings and cash-flow story.

What the product side shows

Mobil 1 remains one of the company’s best-known consumer brands, and the broader portfolio still stretches from upstream oil and gas to refining, chemicals and lubricants. That mix helps explain why a $114.53 billion quarter can still sit alongside margin and production debate.

Shares and valuation

As of August 20, 2026, Exxon Mobil shares were at $166.56, with a market value of $690.38 billion and a 52-week range not shown here. The stock is trading close to the consensus target, so the next session will likely be judged against crude, cash flow and the company’s own execution rather than a new valuation rerating.

Investor relations

Company: Exxon Mobil Corporation

ISIN: US30231G1022

Ticker: XOM

Exchange: NYSE

Sector / Industry: Energy / Oil, Gas & Consumable Fuels

Index membership: S&P 500

Price (as of August 20, 2026, 4:00 p.m. ET): $166.56 USD

Market cap: $690.38 billion

Next earnings date: October 31, 2026