Overview
- Jim Cramer called Exxon and Chevron the market’s "real leaders," describing their prominence as "problematic" for investors.
- Cramer said crude prices look poised to rise, linking the near-term trajectory to fresh uncertainty tied to Iran and political conditions in Venezuela.
- Separately, Scotiabank cut Exxon Mobil’s price target to $128 and kept an Outperform rating, while Wolfe Research trimmed its target to $140 and also reaffirmed Outperform.
- Wolfe cited execution, valuation, and potential for faster free cash flow growth as reasons Exxon could outperform oil peers into 2026.
- Coverage also highlighted Exxon’s integrated model and advantaged upstream assets in the Permian Basin and Guyana’s Stabroek Block, alongside publisher promotions steering readers to AI-stock reports.