--- title: "Weekly Recap | ExxonMobil +3.13%, LNG and Permian deals drive week" type: "News" locale: "en" url: "https://longbridge.com/en/news/296671377.md" description: "ExxonMobil closed the week at $165.11, up 3.13%, far outpacing the S&P 500’s 1.43% decline — a relative outperformance of roughly 4.56 percentage points. The stock opened Monday (17 Aug) flat at $160.10 and briefly dipped to a weekly low of $159.09 before rebounding to close at $161.46. Tuesday saw the rally gain momentum, with a 2.5% single-day move on the week’s heaviest volume of 18.95 million shares, pushing the stock to $165.56. On Wednesday, it briefly touched $168." datetime: "2026-08-22T05:55:52.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/296671377.md) - [en](https://longbridge.com/en/news/296671377.md) - [zh-HK](https://longbridge.com/zh-HK/news/296671377.md) generator: "portal-rs" --- # Weekly Recap | ExxonMobil +3.13%, LNG and Permian deals drive week ## The Week ExxonMobil closed the week at $165.11, up 3.13%, far outpacing the S&P 500’s 1.43% decline — a relative outperformance of roughly 4.56 percentage points. The stock opened Monday (17 Aug) flat at $160.10 and briefly dipped to a weekly low of $159.09 before rebounding to close at $161.46. Tuesday saw the rally gain momentum, with a 2.5% single-day move on the week’s heaviest volume of 18.95 million shares, pushing the stock to $165.56. On Wednesday, it briefly touched $168.21 intraday but reversed to close slightly lower. Thursday and Friday saw the stock consolidate below the week’s high of $168.64, ending the week with a high-reach, range-bound pattern and a 5.96% amplitude. ## Key Events ExxonMobil’s week was defined by a string of moves in LNG and Permian Basin infrastructure, anchoring the stock’s positive divergence from the broader market. On Tuesday (18 Aug), the company awarded $1.1 billion in contracts for the Rovuma LNG project in Mozambique, while Targa Resources simultaneously announced a 20-year midstream agreement with ExxonMobil in the Permian. The twin announcements catalysed the sharpest rally of the week, as the market priced in the long-term cash-flow stability from expanding LNG export capacity and pipeline connectivity. On Wednesday, analysts noted the Permian partnership could lower unit costs and reinforce ExxonMobil’s upstream advantage. Thursday brought a policy tailwind as US Energy Secretary Chris Wright visited the company’s Permian operations, following earlier remarks about boosting refinery throughput. On Friday, a fifth floating production facility arrived in Guyana’s waters, underscoring the growth trajectory from deepwater assets. ## Analyst Ratings Twenty-six brokers cover ExxonMobil: 7 rate it buy, 3 rate it overweight, 15 rate it hold, and 1 has no opinion — no sell or underweight ratings. The consensus recommendation is buy, with a consensus target of $169.68, implying about 2.8% upside from the week’s close. The target range is wide, from $142 to $200, reflecting a split between more conservative and more bullish valuation models. Within the integrated oil and gas peer group, ExxonMobil ranks first out of 15 companies in analyst coverage and rating strength. ## The Week Ahead A busy macro calendar next week could shift rate expectations and risk appetite for the energy sector. On Tuesday (25 Aug) the market will parse FHFA home price data, the Case-Shiller 20-city index, the Richmond Fed composite index, consumer confidence, and new home sales — all providing a read on economic resilience and demand-side heat. For ExxonMobil, the key watchpoints are whether the LNG and Permian developments from this week continue to garner attention, and how crude oil prices behave at elevated levels amid any shifts in the macro narrative. ## In Short ExxonMobil’s 3.13% gain against a down market this week was fuelled by simultaneous progress on multiple growth curves — LNG exports, Permian midstream, and deepwater — alongside a supportive policy backdrop. The analyst consensus skews buy, but the majority of ratings are hold and the target range is wide, suggesting the market is still weighing valuation ceilings against the broader energy-transition debate. At roughly 20.7x P/E, the stock sits near the upper end of its 60-day range. Whether the shares can build on this momentum depends on the direction of crude, any shifts in rate expectations from next week’s data, and the pace of execution on newly announced projects. *This article is generated by LongbridgeAI from market data, for information only and not investment advice.* ### Related Stocks - [XOM.US](https://longbridge.com/en/quote/XOM.US.md) ## Related News & Research - [SBI Securities Co. Ltd. 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