UBS analyst Josh Silverstein stated that exxon mobil's core oil production and refining business will remain a growth driver in the medium to short term. However, in the long term, new businesses that reduce carbon emissions will become the long-term growth engine and are expected to become profitable by the end of this century, making exxon mobil the best stock choice worth holding over the next five years.
UBS stated that exxon mobil's low-carbon business potential market size is expected to reach 6 trillion dollars by 2050, with long-term revenue potential reaching hundreds of billions of dollars. The expected roi for exxon mobil is 15%, generating 1.5 billion dollars or more in earnings by the end of this decade.
UBS has set a 12-month target price for exxon mobil at 149 dollars, indicating a potential 22% increase compared to last Friday's closing price.