Exxon: new contracts are being signed at materially better terms

Pricing power in this part of the chain shows up in contract terms long before it shows up in reported margin.

Dhruv Anand@dhruv_anand

Evidence · 3 cards

The case

Exxon: new contracts are being signed at materially better terms

Pricing power in this part of the chain shows up in contract terms long before it shows up in reported margin.

The edge

The Street says

Consensus models the cycle turning in the second half
Sell-side target clusters within 8% of spotAuto

I say

The turn already happened in order intake two quarters ago
My number is 14% above the street on the out yearCreator est.

Path to target

Entry: 113.68Auto
Out-year EPS: +18% vs consensusCreator est.
Exit multiple: 22x, in line with the last cycle peakCreator est.
= Target: 126.58Creator est.

Unlock the full report

The locked call and the disclosures stay visible. The research body unlocks with purchase or subscription.

Fact-checked claims stay on the record
Platform fee is shown as its own line at checkout (10%)
Call block and disclosures remain free to read

Already subscribed? Log in

Discussion · 0

No comments yet.

XOMLong

Open

Entry$113.68

NowPending

30d horizon

PositionNo position

Compensation

Certified independent

ViewsThese are the creator's own views

This is research, not financial advice. Calls lock at publish and are graded by the market; they can be and often are wrong. Do your own research and consider your own circumstances before acting.