Home / Business and Economy / Exxon Mobil Benefits from Global Helium Shortage
Exxon Mobil Benefits from Global Helium Shortage
8 Apr
Summary
- UBS raised Exxon Mobil's price target to $171 due to helium market risks.
- Qatar's supply disruption affects 31% of global helium, crucial for industry.
- Exxon's LaBarge facility produces 20% of the world's helium supply.
Investment firm UBS has raised its price target for Exxon Mobil (XOM) to $171, citing emerging risks in the global helium market. Disruptions stemming from rising tensions in the Middle East, specifically Iran's actions impacting Qatar which supplies 31% of the world's helium, have created a critical shortage. This is compounded by shipping challenges through the Strait of Hormuz, hindering exports.
Exxon Mobil's LaBarge facility in Wyoming, responsible for 20% of global helium production, is well-positioned to meet demand. The company may gain pricing power and offer a more reliable supply chain compared to competitors reliant on Qatari helium. As of 2026-04-08T14:06:51+00:00, analysts hold a consensus 'Moderate Buy' rating on XOM stock, with an average price target suggesting a slight downside.
