Energy giant Exxon Mobil (XOM) is scheduled to announce its results for the second quarter of 2025 on Friday, August 1. According to an update provided by the company earlier this month, it expects Q2 earnings to be impacted by lower oil and gas prices. Wall Street expects XOM to report earnings per share (EPS) of $1.56, indicating a 27% decline compared to the prior-year quarter.
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Analysts expect Exxon’s Q2 revenue to fall by about 13.5% year-over-year to $80.51 billion. Based on the midpoint of the estimates provided by the company in its Q2 update, lower energy prices are expected to have a $1.5 billion impact on its Q2 bottom line.
Looking ahead, Exxon Mobil is expected to gain from its cost reduction efforts and the Pioneer Natural acquisition, which enhanced the company’s upstream portfolio by more than doubling its Permian footprint.

UBS Analyst’s Views Ahead of XOM’s Q2 Earnings
Following the Q2 update, UBS analyst Josh Silverstein reiterated a Buy rating on Exxon Mobil stock with a price target of $130. The 4-star analyst noted that the update implied a Q2 EPS of $1.55, which missed UBS’s forecast of $1.66 but slightly exceeded the Street’s estimate. Silverstein added that the implied Q2 2025 EPS indicated a decline of 12% compared to the first quarter, mainly due to lower commodity prices.
However, he noted that the company’s update doesn’t include impacts from factors that have historically benefited XOM, including its growing upstream volumes, ongoing cost reduction initiatives, and its shift towards higher-value downstream products. Silverstein believes that these factors could provide upside to the implied Q2 EPS.
AI Analyst Is Bullish on XOM Stock Ahead of Q2 Print
Interestingly, TipRanks’ AI stock analyst has assigned an Outperform rating to Exxon stock with a price target of $124, indicating 9.85% upside potential. The bullish stance is based on robust financial performance and strategic initiatives highlighted in the Q1 earnings call. While technical indicators are mixed, TipRanks’ AI analysis indicates that XOM stock’s valuation remains attractive.
Here’s What Options Traders Anticipate Ahead of Exxon’s Q2 Earnings
Using TipRanks’ Options tool, we can see what options traders are expecting from the stock immediately after its earnings report. The expected earnings move is determined by calculating the at-the-money straddle of the options closest to expiration after the earnings announcement. If this sounds complicated, don’t worry, the Options tool does this for you.
Indeed, it currently says that options traders are expecting about a 2.74% move in either direction in XOM stock in reaction to Q2 results.

Is Exxon Stock a Buy, Sell, or Hold?
Currently, Wall Street has a Moderate Buy consensus rating on Exxon Mobil stock based on 10 Buys and five Holds. The average XOM stock price target of $125.53 indicates 11.2% upside potential. XOM stock has risen about 5% year-to-date. It offers a dividend yield of 3.5%.
