From Zacks Investment Research: 2025-06-04 12:36:00

Exxon Mobil Corporation (XOM) plans to lower breakeven costs to $35 per barrel by 2027 and $30 per barrel by 2030. This move could secure upstream profits even during oil price collapses, as seen in 2020. Other firms with low breakeven costs include Chevron (CVX) and EOG Resources (EOG). XOM shares have fallen 4.4% in the past year and trade at a premium EV/EBITDA compared to the industry average. Despite a downward revision in earnings estimates, XOM currently carries a Zacks Rank #4 (Sell).



Read more at Zacks Investment Research: Is ExxonMobil’s Plan for $35 Oil Breakeven Going to be a Game Changer? – June 4, 2025