ExxonMobil Stock Plummets 15.35% in Five Days Despite Record Earnings

On April 8, 2025, ExxonMobil (XOM) experienced a significant decline, with its stock price dropping by 2.11%, marking the fifth consecutive day of losses. Over the past five days, the stock has plummeted by 15.35%, reflecting a challenging period for the energy giant.

ExxonMobil is set to release its first-quarter 2025 financial results, with an archive replay of the call and a copy of the presentation, including supplemental financial data, available on the company's investor relations website.

Despite lower oil prices, ExxonMobil's CEO has highlighted record earnings, indicating the company's resilience in a volatile market. The first-quarter earnings considerations for 2025 anticipate an earnings per share (EPS) that reflects the company's financial performance.

The ExxonMobil Audit Committee has appointed PricewaterhouseCoopers LLP (PwC) to audit the company's financial statements for 2025, ensuring transparency and accuracy in reporting.

UBS analyst Josh Silverstein has lowered the firm’s price target on ExxonMobil to $135 from $146, maintaining a Buy rating on the shares. The adjustment reflects increased uncertainty around economic activity and commodity prices, positioning energy as a potential downside play during a recession.

ExxonMobil is facing no shareholder proposals this proxy season for the first time in at least 25 years, marking a notable shift in shareholder engagement and corporate governance practices.