UBS reiterated its Buy rating and $171 price target for Exxon Mobil. The bank identifies escalating Middle East tensions as a significant catalyst for the company.
Disruptions to helium exports from Qatar directly benefit Exxon's operations. Qatar currently produces nearly one-third of the global helium supply.
Exxon’s LaBarge facility in Wyoming generates 20% of the world's helium. This element remains essential for the healthcare and aerospace sectors.
Citi also raised its price target for Exxon Mobil. Analysts cite a broader repricing of energy assets driven by ongoing Middle East conflicts.