Exxon Mobil (XOM) Stock Today, November 26, 2025: Price, Fresh News and Investor Outlook

Exxon Mobil Corporation (NYSE: XOM) is trading higher today as Wall Street extends its Fed‑rate‑cut rally and oil prices hover just above one‑month lows. Around mid‑afternoon New York time, Exxon Mobil stock is changing hands near $115–$116 per share, up roughly 0.7–0.8% on the day, with intraday trading between about $114.3 and $115.7 and volume a little under 6 million shares so far. ^[1]

The move leaves XOM only a few percent below its 52‑week high of about $120.8, comfortably above its 52‑week low near $97.8, and up roughly 7% year‑to‑date, even as oil markets digest growing concerns about oversupply and a potential Russia‑Ukraine peace deal. ^[2]

At the same time, a cluster of new headlines dated November 26, 2025 is shaping today’s narrative for Exxon Mobil stock:

A new Canadian Depositary Receipt (CDR) with ticker ZXOM launches in Toronto, giving Canadian investors easier access to Exxon shares. ^[3]
Nasdaq/BNK Invest names Exxon Mobil a “Top 25 Dividend Giant” with a yield near 3.6% and more than $78 billion of stock held by ETFs. ^[4]
New valuation pieces and stock comparisons from Simply Wall St and Zacks emphasize Exxon’s cash‑flow strength, Permian and Guyana growth, and integrated business model. ^[5]
Several institutional holding updates (Russell Investments, Employees Retirement System of Texas, Aviso Financial) show continued large‑scale support from pension funds and asset managers. ^[6]
In the downstream and infrastructure world, an Egypt fuel‑transport safety MoU and a Permian NGL pipeline expansion partnership reinforce Exxon’s long‑term logistics strategy. ^[7]

Below is a detailed breakdown of where Exxon Mobil stock stands today — and what today’s news flow may mean for investors watching XOM.

Key Facts on Exxon Mobil Stock Today (26 November 2025)

Last price: about $115.4 per share, up roughly $0.9 on the day (≈ +0.8%)
Intraday range: roughly $114.3 – $115.7
52‑week range: about $97.8 – $120.8 ^[8]
Market cap: just under $490 billion ^[9]
Dividend yield: around 3.5–3.6%, based on an annualized dividend of $4.12 per share (current quarterly payout $1.03). ^[10]
YTD performance: price up roughly 7% in 2025; about 200%+ total gain over the last five years. ^[11]
Analyst consensus: broad “Buy/Moderate Buy” bias, with an average 12‑month price target near $129, implying high‑single‑digit to low‑double‑digit upside from current levels. ^[12]

How Exxon Mobil Is Trading vs. the Market and Oil Today

U.S. stocks are in the middle of a four‑day winning streak, with the Dow, S&P 500 and Nasdaq all up roughly 0.8–0.9% today, as traders increasingly price in a December rate cut from the Federal Reserve. ^[13]

Against that backdrop, Exxon Mobil’s roughly 0.7–0.8% gain is broadly in line with the broader market, suggesting today’s move is being driven more by macro risk‑on sentiment than any one Exxon‑specific surprise.

At the same time:

Brent crude is hovering around $62–63 per barrel, and WTI around $58, largely flat after a sharp slide to one‑month lows. ^[14]
Traders are grappling with:
- A surprise U.S. crude inventory build of roughly 2.8 million barrels last week; and ^[15]
- Reports that a Russia–Ukraine peace framework may be progressing, potentially leading to looser sanctions on Russian energy exports in 2026. ^[16]

For Exxon Mobil, oil around $60 per barrel is far from crisis territory, especially given its low breakeven costs in the Permian Basin and offshore Guyana, two regions that Zacks today highlighted as core to Exxon’s upstream strength and resilience. ^[17]

Today’s Exxon‑Specific Headlines (26 November 2025)

1. BMO launches ZXOM Canadian Depositary Receipt

One of the most directly stock‑related headlines today: Bank of Montreal (BMO) announced the launch of five new Canadian Depositary Receipts (CDRs) on the Cboe Canada exchange — including one for Exxon Mobil. ^[18]

Key details:

The new Exxon‑linked CDR will trade under the ticker ZXOM in Toronto. ^[19]
CDRs trade in Canadian dollars on a Canadian exchange, but are designed to give local investors exposure to the underlying U.S. companies. ^[20]
Today’s launch basket includes Microsoft, Eli Lilly, Exxon Mobil, Chevron and Robinhood — signaling that Exxon remains in the “core U.S. names” bucket for Canadian retail investors and advisors. ^[21]

Why it matters for XOM stock:

The launch should incrementally broaden the investor base for Exxon by making it easier for Canadians to buy a CAD‑denominated, smaller‑sized slice of the company.
Over time, that can support liquidity and demand, though the direct impact on New York–listed XOM volumes is likely modest in the near term.

2. Exxon Mobil named a “Top 25 Dividend Giant”

Another November 26 headline comes from Nasdaq/BNK Invest, which today highlighted Exxon Mobil as a “Top 25 Dividend Giant”, based on ETF holdings and dividend characteristics. ^[22]

According to the report:

ETFs collectively hold about $78.6 billion worth of Exxon Mobil shares.
The annualized dividend is $4.12 per share, paid quarterly, for a current yield near 3.6% at today’s price. ^[23]

These figures dovetail with Exxon’s own Q3 2025 results release at the end of October, where the company: ^[24]

Reported $7.5 billion in third‑quarter earnings (EPS $1.76).
Announced a 4% increase in the quarterly dividend to $1.03 per share, payable December 10, 2025 (record date November 14).
Noted that 2025 marks its 43rd consecutive year of annual dividend‑per‑share growth.

Takeaway for dividend investors:

Today’s Nasdaq recognition reinforces Exxon’s status as a core income stock:

A yield around 3.5–3.6% is not the highest in the energy sector, but it is supported by:
- Strong free cash flow (about $39.3 billion from operations year‑to‑date through Q3), and ^[25]
- A long history of defending and growing the dividend even through oil price cycles.

For many long‑term holders, this “dividend giant” narrative is a primary reason to stick with XOM through short‑term volatility.

3. New valuation and comparison pieces: Is XOM still cheap?

Two fresh research‑style articles are making the rounds today:

a) Simply Wall St: “Is Exxon Mobil Still a Bargain…?”

Simply Wall St published a November 26 article arguing that Exxon Mobil still screens as undervalued on several metrics: ^[26]

Their discounted cash‑flow (DCF) model suggests a fair value around $285 per share, implying the stock trades at roughly a 60% discount to intrinsic value.
They estimate current free cash flow around $28.1 billion, rising toward nearly $45 billion by 2029 under their base‑case assumptions. ^[27]
XOM’s current P/E multiple around 16x is above the broader oil and gas industry average (~13x) but below their “fair” multiple of about 22–23x, again pointing to undervaluation in their framework. ^[28]

They also highlight:

XOM is up roughly 6–7% year‑to‑date and about 250%+ over the last five years, illustrating how much the stock has already rerated from pandemic lows. ^[29]

While any fair‑value estimate is model‑dependent and inherently uncertain, the piece captures a narrative many value‑oriented investors share: Exxon remains a cash‑gushing franchise trading at what they view as a discounted multiple.

b) Zacks: Exxon vs. ConocoPhillips — which looks stronger?

A Zacks article, republished via several outlets today, compares Exxon Mobil (XOM) with ConocoPhillips (COP). ^[30]

Key points on Exxon:

XOM has outperformed COP over the last year, with Exxon up about 2.2% vs. a double‑digit decline for COP. ^[31]
Zacks emphasizes Exxon’s integrated business model, strong positions in the Permian Basin and Guyana, and low breakeven costs, which help support cash flows even at today’s muted oil prices. ^[32]
Nevertheless, they assign both XOM and COP a Zacks Rank #3 (Hold), reflecting lingering uncertainty around oil prices and the macro backdrop. ^[33]

Takeaway:

Today’s commentary reinforces the idea that Exxon is a “quality core holding” rather than a speculative high beta play.
In analyst models, upside comes less from a big oil price spike and more from volume growth, efficiency gains, and capital discipline.

4. Institutional flows: Pensions and asset managers adjust positions

Several November 26 MarketBeat items detail how large institutional investors have been repositioning around Exxon Mobil: ^[34]

Russell Investments Group slightly trimmed its stake, ending the latest quarter with roughly 2.95 million XOM shares, worth over $300 million and representing about 0.07% of the company.
The Employees Retirement System of Texasincreased its holdings by about 5–6%, to roughly 1.12 million shares, making Exxon its 18th‑largest holding at just over 1% of the fund’s portfolio.
Aviso Financial reduced its position by around 27%, but still holds a mid‑four‑figure share count in dollar terms. ^[35]

Across these filings, MarketBeat notes institutional ownership in Exxon Mobil remains around two‑thirds of the float, underscoring the stock’s role as a large‑cap institutional staple. ^[36]

While these changes are incremental rather than dramatic, they suggest:

Pension funds and multi‑asset managers continue to view XOM as a core holding, tweaking exposure rather than making wholesale exits or entries.
At the margin, some active managers are rotating within energy or adjusting risk as oil trades sideways near $60.

5. Operations and safety: Egypt MoU and Permian pipeline expansion

Two operational stories with strategic implications also hit today’s tape:

a) Safety MoU in Egypt

The Egyptian General Petroleum Corporation (EGPC) signed a Memorandum of Understanding with ExxonMobil Egypt to enhance risk management, operational safety, and training across Egypt’s fuel transport and distribution system. ^[37]

Under the agreement:

ExxonMobil will provide technical expertise in risk assessment and safety protocols.
Training programs will target staff at EGPC subsidiaries involved in transporting and distributing petroleum products.

This is not a direct earnings driver, but it:

Reinforces Exxon’s positioning as a long‑term partner in key emerging markets, and
Aligns with broader ESG and safety expectations from global investors.

b) Permian NGL infrastructure upgrade: Bahia/Cowboy Connector

A Pipeline Technology Journal article today recaps Exxon Mobil’s recently announced deal with Enterprise Products Partners to expand the Bahia NGL pipeline and build out the “Cowboy Connector” system. ^[38]

Highlights:

Exxon will help boost the Bahia pipeline’s capacity by 400,000 barrels per day, bringing total NGL throughput to 1 million barrels per day. ^[39]
The plan includes a roughly 92‑mile extension into Eddy County, New Mexico, tying into Exxon’s existing processing assets and connecting Permian NGL output more directly to Gulf Coast hubs like Mont Belvieu, Texas. ^[40]
The transaction is expected to close in early 2026, with expanded capacity online by late 2027. ^[41]

Strategic significance:

The project strengthens Exxon’s midstream integration in the Permian, ensuring cost‑efficient takeaway for liquids that feed into petrochemicals and export markets.
For shareholders, it’s part of a broader push to lock in low‑cost volume growth rather than relying solely on commodity price swings.

Recent Headlines Still Driving Sentiment (Earlier This Week)

Although dated before November 26, several major stories from the last few days are still influencing how investors read today’s price action.

1. Pause on Baytown blue‑hydrogen megaproject

Exxon has paused plans to build what would have been one of the world’s largest blue‑hydrogen plants at its Baytown, Texas complex, citing weak customer demand and limited willingness to sign long‑term offtake contracts at a premium price. ^[42]

Key context:

The project was designed to produce around 1 billion cubic feet per day of hydrogen from natural gas with carbon capture and storage. ^[43]
Exxon and partners have already invested around $500 million in the project, with total costs expected to reach the multi‑billion‑dollar range. ^[44]
Management has emphasized that the project could be restarted when economics and customer demand improve, but for now it underscores the commercial challenges of low‑carbon fuels in the current policy and price environment. ^[45]

For investors, this pause is a reminder that energy‑transition projects carry real execution and demand risk — and that Exxon remains selective about committing capital where returns aren’t clear.

2. Mozambique LNG and Scottish chemicals plant closure

Other notable recent developments include:

Exxon lifting force majeure on its Rovuma LNG project in Mozambique, clearing the way for a potential final investment decision in 2026 and first LNG around 2030. ^[46]
Plans to close a Scottish ethylene plant in 2026, affecting several hundred employees and contractors, as part of a restructuring amidst high costs and weak margins in Europe. ^[47]

Together, these moves show Exxon continuing to rebalance its global footprint toward projects where it sees a clearer long‑term competitive edge.

Fundamentals and Valuation Check‑In

Earnings, cash returns and balance sheet

Exxon’s Q3 2025 results, released on October 31, continue to anchor the fundamental story: ^[48]

Q3 earnings:$7.5 billion, or $1.76 per diluted share.
Cash flow from operations:$14.8 billion in the quarter, $39.3 billion year‑to‑date.
Free cash flow: around $6.3 billion in Q3, $20.6 billion year‑to‑date.
Shareholder returns:$9.4 billion in Q3 alone — $4.2 billion in dividends plus $5.1 billion in share repurchases — and nearly $28 billion returned year‑to‑date.
Balance sheet: net‑debt‑to‑capital ratio around 9–10%, leaving ample financial flexibility.

Valuation snapshot

Across today’s data points:

P/E multiple: roughly 16–17x trailing earnings. ^[49]
Dividend yield: about 3.5–3.6%. ^[50]
Analyst targets: average 12‑month price objective near $129, with a range roughly $105–$156, and a tilt toward “Buy” ratings. ^[51]
Model‑based fair value estimates (e.g., Simply Wall St’s DCF around $285) imply substantial upside, though these are sensitive to long‑term commodity and discount‑rate assumptions. ^[52]

Put simply, today’s price around $115 leaves Exxon:

Not a deep bargain by simple multiples, given the cyclical nature of oil and gas,
But still cheaper than many other mega‑caps when you consider its scale, dividend record, and free‑cash‑flow generation.

What to Watch Next for Exxon Mobil Stock

Looking beyond today’s tape, several catalysts and risk factors could influence XOM into late 2025 and early 2026:

Oil and gas prices
- The market is increasingly pricing in an oversupplied oil balance for 2026, especially if Ukraine peace talks relax sanctions on Russian exports. ^[53]
- Exxon’s low‑cost barrels in the Permian and Guyana provide a cushion, but prolonged prices near the mid‑$50s could pressure sector multiples and cap upside.
OPEC+ decisions and U.S. inventory trends
- An upcoming OPEC+ meeting is widely expected to keep output quotas unchanged, but any surprise cut or hike would ripple through integrated majors. ^[54]
- Weekly EIA inventory data — which just showed a notable crude build — will remain a near‑term driver for energy sentiment. ^[55]
Execution on growth projects
- Progress on the Bahia/Cowboy Connector NGL expansion, Guyana developments, and Rovuma LNG will be key to sustaining volume growth and justifying capex. ^[56]
Dividend and buyback trajectory
- The next confirmed catalyst for income‑focused investors is the Q4 dividend payment on December 10, 2025. ^[57]
- Investors will watch Q4 and full‑year 2025 guidance to see whether Exxon sticks to its plan to repurchase around $20 billion in stock this year — and what it signals for 2026. ^[58]
Energy‑transition positioning
- The Baytown blue‑hydrogen pause and the BASF methane‑pyrolysis partnership in Baytown together show Exxon recalibrating its low‑carbon portfolio toward projects with clearer economics. ^[59]
- Investors will be watching how quickly these efforts translate into material cash flows, or whether they remain more strategic and reputational in the near term.

Bottom Line: What Today’s 26 November 2025 News Means for XOM

On November 26, 2025, Exxon Mobil stock is doing three things at once:

Trading with the market – Today’s gain roughly matches the broader Fed‑driven rally, rather than reflecting any single blockbuster Exxon headline. ^[60]
Reasserting its income and core‑holding status – Fresh recognition as a Top 25 Dividend Giant, a new Canadian CDR listing, and continued pension‑fund interest reinforce the idea of XOM as a cornerstone holding for dividend and value portfolios. ^[61]
Navigating a complex energy transition – The pause of the Baytown blue‑hydrogen project, contrasted with pipeline expansions and LNG progress, highlights a company carefully picking its spots between legacy hydrocarbons and lower‑carbon opportunities. ^[62]

For investors, today’s news flow doesn’t radically rewrite the Exxon story, but it does:

Underscore the strength of its dividend and balance sheet,
Illustrate its commitment to infrastructure and efficiency‑driven growth, and
Highlight the execution and demand risks in some of its most ambitious low‑carbon projects.

References

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