ExxonMobil Holdings Corporation (XOM  ) shares are trading higher by over 1% on Monday. At an energy forum in Bangkok, Peter Clarke, senior vice president of LNG at ExxonMobil Upstream, reportedly said that the company expects U.S. liquefied natural gas supply to expand and account for about 30% of global LNG supply by 2030, according to Reuters. He added that the U.S. has become a major LNG supplier, with North America among the world's largest gas-producing regions.

Details

Clarke said North America has sufficient gas resources to meet both domestic consumption and export demand.

The outlook points to continued expansion in U.S. LNG supply through the rest of the decade as new liquefaction capacity comes online and natural gas output increases. The U.S. Energy Information Administration (EIA) expects dry natural gas production to rise from 107.6 billion cubic feet per day (bcf/d) in 2025 to 111.7 bcf/d in 2026 and 115.9 bcf/d in 2027.

U.S. LNG exports are projected to increase to 17.4 bcf/d in 2026 and 18.6 bcf/d in 2027, from 15.1 bcf/d in 2025, with the EIA citing higher production from the Permian and Haynesville regions as one factor behind the output growth.

Technical Setup: XOM Above Key Moving Averages Near Highs

From a longer-term trend perspective, ExxonMobil remains in a clear uptrend: the stock is trading 3.4% above its 20-day SMA ($162.74), 8% above its 50-day SMA ($155.79), and 15.3% above its 200-day SMA ($145.93). That "stack" of rising moving averages (with the 20-day above the 50-day, and the 50-day above the 200-day) is a classic bullish structure that tends to attract dip buyers.

Momentum is also leaning constructive: MACD is above its signal line and the histogram is positive, which suggests downside pressure is easing and the latest push higher is gaining traction versus the prior downswing. In plain English, when MACD is above the signal line, it often means buyers are starting to win more of the day-to-day battle.

The chart context matters here because the stock's recent swing low formed in June and the most recent swing high printed in August, framing the current move as a "higher-high/higher-low" attempt rather than a dead-cat bounce. With the 52-week high at $176.41 (reached in March), traders will often watch whether price can build acceptance above nearby pivots without quickly fading back into the mid-$160s.

  • Key Resistance: $168.50 - a nearby pivot area that can act like a "speed bump," especially with price currently pressing just above it
  • Key Support: $155.50 - a prior buyer-defense zone that sits close to the 50-day moving average area, making it a logical trend support level
XOM Earnings Preview and Analyst Price Targets to Watch

Looking further out, the next major catalyst for the stock arrives with the October 30, 2026 (estimated) earnings report.

  • EPS Estimate: $3.68 (Up from $1.88 YoY)
  • Revenue Estimate: $99.80 Billion (Up from $85.29 Billion YoY)
  • Valuation: P/E of 21.4x (Suggests fair valuation relative to peers)
Analyst Consensus & Recent Actions: The stock carries a Buy rating with an average price forecast of $170.33. Recent analyst moves include:

  • Piper Sandler: Neutral (Raises Target to $185.00) (Sept. 3)
  • Morgan Stanley: Overweight (Raises Target to $177.00) (Aug. 19)
  • Barclays: Overweight (Lowers Target to $177.00) (Aug. 17)
Top ETF Exposure: WR, HDV, and IGE Weighting in XOM

  • Corgi U.S. War Machine ETF (WR  ): 8.32% Weight
  • iShares Core High Dividend ETF (HDV  ): 7.81% Weight
  • iShares North American Natural Resources ETF (IGE  ): 9.99% Weight
Significance: Because XOM carries such a heavy weight in these funds, any significant inflows or outflows for these ETFs will likely force automatic buying or selling of the stock.

XOM Stock Today: ExxonMobil Shares Higher on Monday

XOM Stock Price Activity: ExxonMobil Holdings shares were up 1.04% at $167.71 on Monday, according to Benzinga Pro data.