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Exxon Mobil Corporation (XOM) reported a record production of 1.7 million oil-equivalent barrels per day during its third-quarter earnings call. The energy giant also highlighted a production milestone of over 700,000 barrels per day from its operations in Guyana. The company announced the acquisition of more than 80,000 acres in the Midland sub-basin of the Permian from Sinochem Petroleum, strengthening its presence in a key area for oil and gas production.
ExxonMobil’s breakeven costs are low, allowing it to remain profitable even when oil prices decline. The company currently trades at a trailing EV/EBITDA ratio of 7.53, significantly above the industry average of 4.82.
ExxonMobil holds a Zacks Rank #3 (Hold) and has not seen any revisions to the Zacks Consensus Estimate for its 2025 earnings in the past week.
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