Mizuho Increases 2026 and 2027 Oil Price Outlooks, Lifts Exxon Mobil (XOM) Target

Mizuho Increases 2026 and 2027 Oil Price Outlooks, Lifts Exxon Mobil (XOM) Target Vardah Gill Thu, May 28, 2026 at 2:37 PM GMT+2 2 min read XOM CL=F Exxon Mobil Corporation (NYSE: XOM ) is included among the 10 Safe Stocks to Buy for the Long Term in 2026 . Mizuho Increases 2026 and 2027 Oil Price Outlooks, Lifts Exxon Mobil (XOM) Target On May 27, Mizuho raised the firm’s price recommendation on Exxon Mobil Corporation (NYSE:XOM) to $175 from $159. It reiterated a Neutral rating on the shares.

The firm said it expects the impact of the Iran crisis on global oil prices and refining cracks to last longer than previously expected. Mizuho raised its 2026 and 2027 oil price outlooks by 25% and 6%, respectively. It also increased its forecasts for US refining cracks by 61% and 51%.

According to the analyst, the recent pullback in stock valuations, despite elevated commodity prices, is creating opportunities for investors looking to generate “alpha” in the US oil and gas sector. The firm also adjusted ratings and price targets across the group. On May 26, Barclays analyst Betty Jiang raised the firm’s price goal on XOM to $182 from $163 and kept an Overweight rating on the shares.

The firm said declining inventories, reduced OPEC spare capacity, and a “muted” U. S. production response to the Middle East conflict are contributing to a tighter oil market backdrop that is not fully reflected in energy stocks.

The analyst added in a research note that this environment could lead to a share re-rating for more “oily” exploration and production companies after the conflict. Barclays also lowered its gas price outlook because of near-term oversupply and adjusted ratings and price targets across the integrated oil and exploration and production sector. Exxon Mobil Corporation (NYSE:XOM) is an energy provider and chemical manufacturer.

The company’s main operations include the exploration and production of crude oil and natural gas, along with the manufacturing, transportation, trade, and sale of petroleum products, petrochemicals, and specialty products. While we acknowledge the potential of XOM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the   best short-term AI stock .

READ NEXT:  Dividend Stock Portfolio For Retirement: Top 12 Stock Picks  and  10 Best June Dividend Stocks to Buy Disclosure: None. Follow Insider Monkey on Google News .