Exxon Partner Drills New Buy Point — And Uses AI To Create 'Digital Twins'
Oct 31, 2025 16:04:00 -0400 by MATTHEW GALGANIFueled by a substantial contract from energy giant ExxonMobil (XOM) and forays into artificial intelligence, TechnipFMC (FTI) has drilled a breakout to an intraday all-time high. After popping back above its rising 50-day moving average, the oil and gas equipment company has just popped into a new buy zone past a 41.30 buy point in an early-stage cup pattern.
On Sept. 25, ExxonMobil Guyana, a subsidiary of ExxonMobil, awarded TechnipFMC a contract valued at $250 million to $500 million. TechnipFMC will provide project management, engineering and manufacturing of subsea production systems that support both production and water-injection capabilities.
TechnipFMC Greases The Wheels With AI
Headquartered in the United Kingdom, TechnipFMC designs, manufactures and services systems for land and offshore oil exploration and gas production.
The company utilizes AI in multiple ways, including predictive maintenance and automated systems. TechnipFMC also taps AI to create “digital twins” — virtual replicas of its physical assets. The process allows customers to visualize and analyze those assets in real time.
While earnings growth has slowed from strong triple-digit gains last year, shares of TechnipFMC are up 42% year to date as of Wednesday’s close.
For the third quarter, sales increased 13% to over $2.64 billion. Earnings growth rose 17% to 74 cents per share. For the full year, analysts forecast a 23% rise in earnings to $2.24 per share, followed by a 22% gain to $2.73 a share in 2026.
TechnipFMC Drills For Fresh Breakout
After crafting its cup pattern, TechnipFMC has teased — and just shot past — the 41.30 entry. The stock closed the week in buy range, which extends up to 5% above the initial buy point.
While the 50-day line continues to its sharp ascent, the 21-day exponential moving average recently slipped below the 50-day benchmark but has started to edge higher. To show rising technical strength, look for the shorter-term 21-day line to cross back above the longer-term 50-day moving average.
In April, TechnipFMC reset its base count by undercutting the low in its prior pattern. That’s a positive for the stock’s current setup since early-stage bases have a higher likelihood of success than later-stage ones.
Meanwhile, TechnipFMC partner ExxonMobil continues to work on a first-stage base of its own as it retakes its 21-day and 50-day lines after reporting earnings on Friday.
Follow Matthew Galgani on X (formerly Twitter) at @IBD_MGalgani.
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