XOM Stock Today: Guyana Gas-to-Energy Milestone — December 24
Shares of XOM slipped 0.17% to $119.22, keeping XOM stock today close to its 52-week high of $120.81. ExxonMobil’s update says the Guyana gas-to-energy pipeline is complete and preserved, and the power plant is about 74% finished, targeting mid-2026 startup. For US investors, this milestone reduces execution risk on Stabroek Block gas monetization and boosts long-term cash flow visibility. With a $503.28 billion market cap and lighter volume than average, we assess valuation, technicals, and what this means for near-term catalysts.
Guyana Gas-to-Energy: Project status and timeline
Project risk is easing. The offshore-to-shore pipeline that will feed Guyana’s gas-to-energy project is installed and preserved. That limits weather-driven damage and lowers rework costs before commissioning. With mid-2026 startup still the target, Stabroek Block gas is closer to being monetized. For XOM stock today, this supports steadier long-cycle cash flows tied to a utility-like offtake.
The power plant is roughly 74% built, and officials expect far lower electricity costs once it comes online. Cheaper, more reliable power can unlock new industrial demand that lifts gas throughput over time, improving project economics for stakeholders, including Exxon and partners. Early reports flag sizable power-price relief for Guyana’s economy source.
Guyana is directing oil proceeds into grid upgrades and renewables, building a diversified energy base that can steady growth and capital inflows. That policy setting is a constructive backdrop for long-lived gas projects source. Global OEMs, including Siemens Energy, supply gas turbines and grid technology worldwide, underscoring the broader value chain tied to power build-outs across Latin America.
XOM stock today: price, technicals, and levels
XOM stock today closed at $119.22, down $0.20 or 0.17%. The session ranged between $119.12 and $120.05, near the 52-week high of $120.81. Volume was 6.14 million versus a 16.68 million average, showing lighter participation. Price sits near the Bollinger upper band at $120.17, a spot where supply often appears. The immediate pivot sits around the 50-day average of $116.16.
RSI at 57.34 signals healthy but not stretched momentum. MACD shows a small positive histogram of 0.04, hinting at incremental bullish pressure while ADX at 13.26 indicates no strong trend. Keltner channels frame resistance near $121.65 and support around $117.33. If bulls clear $120.20 to $121.70 on rising volume, continuation risk-reward improves.
Key watch items include quarterly results on January 30, 2026, project milestones from Guyana, and commodity price moves. The Street’s consensus target is $136.79, implying about 14.7% upside from $119.22, with a range of $123 to $158. For XOM stock today, a hold above $117 to $118 would keep momentum intact into early 2026.
Valuation, cash returns, and risk check
XOM trades at 17.35 times TTM EPS of $6.88 and about 1.52 times sales. The dividend yield is 3.35% on $4.00 per share with a 57.5% payout ratio. Balance sheet quality looks solid with debt-to-equity of 0.26 and interest coverage of 40.36. For income investors tracking XOM stock today, that mix balances yield, durability, and growth options.
Operating cash flow per share is $12.54 and free cash flow per share is $6.72. Capex runs at about 46% of operating cash flow, in line with a company funding LNG, deepwater, and chemicals. As Guyana’s gas-to-energy enters service, monetized gas and lower execution risk can support steadier FCF and dividend safety through cycles.
Analysts skew positive: 15 Buy, 3 Hold, and no Sell ratings, with a Buy consensus and a $136.79 average target. The median is $134.50, the high $158, and the low $123. Our Stock Grade is B+ with a BUY suggestion. For XOM stock today, that setup leans constructive but still depends on on-time Guyana delivery.
Final Thoughts
The Guyana gas-to-energy milestone tightens ExxonMobil’s path to monetizing Stabroek gas, a key support for durable, utility-like cash flows. XOM stock today trades near record territory with neutral-to-bullish momentum, a 3.35% dividend yield, and healthy coverage metrics. Near term, we would watch $117 to $118 as support and $120 to $122 as resistance. Into 2026, timely commissioning, capex discipline, and crude and gas prices will shape upside versus risk. For position sizing, consider scaling on pullbacks toward the 50-day average and reassessing if momentum and volume confirm breakouts above $121. Always align entries with your risk tolerance and time horizon.
FAQs
Yes. The pipeline is complete and preserved and the power plant is about 74% built, keeping a mid-2026 startup on track. This reduces execution risk on Stabroek gas monetization, improves cash flow visibility, and supports valuation. It does not remove commodity or political risk, but it raises confidence in long-cycle returns.
Watch $117 to $118 as near-term support, which aligns with the Keltner middle band and recent pivots. Resistance sits near $120.20 to $121.70, around the Bollinger and Keltner uppers. A breakout with rising volume could target the $124 to $126 zone. A close below $117 would weaken momentum.
The average target is $136.79, about 14.7% above $119.22. The range runs from $123 on the low end to $158 on the high end, with a $134.50 median. That suggests moderate upside if execution holds and macro conditions cooperate, though targets are not guarantees and can change quickly.
Key risks include project delays, higher costs, regulatory shifts in Guyana, and commodity price weakness. Global demand, OPEC decisions, and refining and chemical margins also matter. Any slippage in mid-2026 startup or lower-than-expected power demand could delay gas volumes and push out free cash flow benefits.
Disclaimer:
The content shared by Meyka AI PTY LTD is solely for research and informational purposes. Meyka is not a financial advisory service, and the information provided should not be considered investment or trading advice.
