XOM · News · 20261001N

Analyst Upgrades & Sentiment

ExxonMobil Holdings Corp · 2026-10-01 · Importance 10 · Surprise 6

Wells Fargo downgraded Exxon Mobil to Equal Weight on October 1, 2026. The downgrade was presented alongside an upgrade of BP to Overweight and a higher BP price target. Wells Fargo cited a relative valuation gap, with UK oil majors trading at nearly half the 2027 enterprise-value-to-EBITDA multiple of U.S. counterparts.

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