TD Cowen maintains Buy on Exxon Mobil, lowers price target to $155

0 min read | Published on 29 Jun 2026, 11:41 PM |Updated on 02 Jul 2026, 11:53 PM

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Radhika SScanX News Team

Key Highlights

TD Cowen analyst Jason Gabelman maintains a Buy rating on Exxon Mobil (NYSE: XOM) but lowers the price target to $155 from $172. Separately, Morgan Stanley analyst Devin McDermott maintains an Overweight rating with a price target of $168, reduced from $171.

*this image is generated using AI for illustrative purposes only.

TD Cowen analyst Jason Gabelman maintains a Buy rating on Exxon Mobil (NYSE: XOM) while lowering the price target to $155 from $172. The adjustment reflects a revised valuation outlook for the energy sector. Morgan Stanley analyst Devin McDermott also maintains an Overweight rating on the stock, with a price target of $168, down from a previous $171.

Rating and Price Target

TD Cowen continues to advocate a bullish stance on Exxon Mobil shares, evidenced by the retained Buy rating. However, the firm has adjusted its expectations for the stock's near-term performance by reducing the price objective.

Firm	Rating	Previous Price Target	New Price Target
TD Cowen	Buy	$172	$155
Morgan Stanley	Overweight	$171	$168

Disclaimer: This article is AI-generated using data from ViewTrade. ScanX is not liable for any inaccuracies.

What specific factors in the energy sector are driving the revised valuation outlook?

How might Exxon Mobil's upcoming earnings report influence further adjustments to price targets?

What impact could fluctuating oil prices have on the long-term performance of Exxon Mobil shares?

Trump Says Oil Giants Not Cutting Fuel Prices Enough Amid DOJ Probe

0 min read | Published on 25 Jun 2026, 02:48 AM |Updated on 25 Jun 2026, 03:02 AM

Reviewed by

Anirudha BScanX News Team

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Key Highlights

President Trump confirmed direct conversations with major petroleum corporations, stating they are not cutting fuel prices sufficiently. When questioned about the DOJ's petroleum investigation, Trump explicitly named Chevron, BP, and Exxon Mobil as companies under scrutiny, highlighting the administration's intensifying pressure on major energy firms over gas pricing.

*this image is generated using AI for illustrative purposes only.

President Trump has stated that petroleum corporations are not cutting fuel prices sufficiently, following direct conversations he held with major oil companies. The remarks came as Trump also addressed the ongoing Department of Justice (DOJ) investigation into gas pricing, explicitly naming Chevron, BP, and Exxon Mobil as companies under scrutiny.

Trump's Conversations With Oil Companies

Trump confirmed he had spoken directly with petroleum corporations, asserting that these companies are not doing enough to reduce fuel prices for consumers. The statement signals growing pressure from the administration on major energy firms to lower costs at the pump.

DOJ Investigation Into Gas Prices

When questioned about the DOJ's petroleum investigation, Trump identified three major energy companies as subjects of the probe. The following companies were named in connection with the investigation:

Company Name:	Details
Chevron	Named in DOJ petroleum investigation
BP	Named in DOJ petroleum investigation
Exxon Mobil	Named in DOJ petroleum investigation

The investigation is focused on understanding the factors contributing to the rise in gas prices and whether major energy firms bear responsibility for insufficient price reductions.

Disclaimer: This article is AI-generated using data from LiveSquawk. ScanX is not liable for any inaccuracies.

How might the DOJ investigation impact the long-term relationship between the administration and major oil companies?

What legal precedents could be set if the DOJ finds evidence of price manipulation by Chevron, BP, or Exxon Mobil?

Could increased regulatory pressure lead to changes in how oil companies set fuel prices in the future?