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Oil tops $100 on Iran tensions → +40% since Sept 2025, price target raised to $162

Exxon Mobil is gaining alongside rising crude oil prices that topped $100 per barrel due to geopolitical tensions surrounding Iran's key export terminal, with shares trading around $157 near fresh highs. Mizuho raised its price target to $162 from $140, while the stock has gained approximately 40% since September 2025 supported by multiple expansion and steady share buybacks. The company is also planning to redomicile from New Jersey to Texas and sold its Angola offshore stakes to Energean for $260 million to streamline its portfolio.

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