XOM - Is Exxon Mobil's Growth Potential Priced In? This Analyst Examines Valuation Amid Operational Improvements | Benzinga
RBC Capital Markets analyst Biraj Borkhataria reiterated a Sector Perform rating on Exxon Mobil Corporation (NYSE: XOM) with a price target of $120.
XOM has more refining capacity than any of its peers, while the company has been investing in further capacity growth since the strategy reset a few years ago, the analyst notes.
These investments are starting to bear fruit and could drive an underlying $10 billion in earnings growth by 2027 relative to 2019 under a constant margin scenario, Borkhataria adds.
More recently, XOM ...