Exxon stock jumps as today’s oil rally meets a bullish chart | Official Website of Louis Velazquez, entrepreneur, finance guy and tech innovator

Exxon Mobil (XOM) had a big day Friday, and the easy explanation was oil. Crude prices pushed higher again as supply fears stayed in focus, putting the major energy names back on traders’ screens.

Exxon came into this rally with stronger company-specific momentum than many of its peers. The stock already had support from record production, a large shareholder-return program, and a fresh set of growth headlines tied to Guyana and Venezuela.

The company’s latest earnings report laid the groundwork. In late January, Exxon posted fourth-quarter 2025 earnings of $6.5 billion and adjusted earnings of $7.3 billion. Cash flow from operations came in at $12.7 billion, while full-year earnings reached $28.8 billion.

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Exxon also gave investors what they usually want from the name. Management raised the quarterly dividend to $1.03 per share and extended its planned $20 billion annual buyback pace through 2026.

Production is a big part of why the stock still has room to attract buyers in a stronger oil tape. Exxon said full-year 2025 output reached 4.7 million oil-equivalent barrels per day, the highest level in more than 40 years.

Exxon’s recent catalyst stack is giving investors more to watch

In March, Exxon said it was accelerating work in Guyana as higher oil prices improved project economics there. That keeps one of the company’s most important long-term growth assets right at the center of the investment case.

The company also sent a team to Venezuela to evaluate oil and gas opportunities there. That does not create an immediate earnings catalyst, but it does reopen another large international angle tied to Exxon’s portfolio.

Those two developments add depth to the rally. This is not just a stock moving higher because crude is squeezing shorts. Exxon still has real long-cycle growth options, and the market is paying attention to them again.

Exxon still has room to play offense

One reason Exxon keeps getting the benefit of the doubt is that it still has the balance-sheet flexibility to keep spending and returning cash at the same time. The company ended 2025 with $10.7 billion in cash, a debt-to-capital ratio of 14%, and a net-debt-to-capital ratio of 11%.

Management also kept its 2026 cash capital spending outlook at $27 billion to $29 billion. That matters because Exxon is still funding Guyana growth, evaluating opportunities like Venezuela, and maintaining a large buyback program without looking financially stretched.

Exxon by the numbers

Fourth-quarter 2025 earnings: $6.5 billion
Fourth-quarter 2025 adjusted earnings: $7.3 billion
Fourth-quarter 2025 cash flow from operations: $12.7 billion
Full-year 2025 earnings: $28.8 billion
Full-year 2025 production: 4.7 million oil-equivalent barrels per day
Quarterly dividend: $1.03 per share
2025 shareholder distributions: $37.2 billion, including $20 billion of buybacks

For investors who want the full financial picture, Exxon’s latest annual report on Form 10-K and the January earnings release are the key places to start.

What the Exxon chart says now

XOM opened at $165.58, traded as high as $171.20, fell as low as $164.80, and closed at $170.99. After-hours trading showed shares at $170.86.

The stock is still trading well above both key trend markers. The 20-day exponential moving average (EMA) (light blue) sits at $158.18, while the 200-day EMA (dark blue) sits at $128.41. That keeps both the short-term and longer-term trends pointed in the same direction.

Exxon stock’s daily chart with key levels and EMAs

Trading View

There’s a strong level underneath the stock. A former resistance zone between roughly $120 and $127 now looks like a possible support band if oil starts to cool off.

That area matters because Exxon spent months fighting through it. Once the stock cleared that range, the rally accelerated.

The setup now is fairly clean. The stock is strong, but it is also extended enough that some digestion would not be surprising. If buyers step back in on any pullback and defend that old resistance zone, the larger breakout structure stays intact.