Skip to Content
Morningstar
Get 14 Days Free

Exxon Mobil Corp XOM

Morningstar Rating
Rating as of

Morningstar’s Analysis

Valuation
Currency in USD
Is it the right time to buy or sell?
Find out with Morningstar Premium
Is it the right time to buy or sell?
Find out with Morningstar Premium

1-Star Price

PREMIUM

5-Star Price

PREMIUM

Economic Moat

PREMIUM

Stewardship

PREMIUM

Exxon Reports Q2 Loss, but Dividend Looks Safe After Management Reiterates Commitment

Allen Good, CFA Sector Strategist

Analyst Note

| Allen Good, CFA |

Exxon reported its second consecutive loss during the second quarter as the fallout from the coronavirus pandemic likely reached its peak. Second-quarter earnings fell to a loss of $1.1 billion from earnings of $3.1 billion last year. Operating results were actually worse, as earnings benefited from a $1.9 billion noncash inventory valuation adjustment because of rising commodity prices. Adjusted earnings were a loss of $3.0 billion compared with earnings of $2.6 billion last year.

Read Full Analysis

Company Profile

Business Description

ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2019, it produced 2.4 million barrels of liquids and 9.4 billion cubic feet of natural gas per day. At the end of 2019, reserves were 22.4 billion barrels of oil equivalent (including 3.8 billion for equity companies), 65% of which are liquids. The company is the world's largest refiner with a total global refining capacity of 4.7 million barrels of oil per day and one of the world's largest manufacturers of commodity and specialty chemicals. It operates its business divisions in North and South America, Europe, the Middle East, North and sub-Saharan Africa, and the Asia-Pacific.

Contact
5959 Las Colinas Boulevard
Irving, TX, 75039-2298
T +1 972 940-6000
Sector Energy
Industry Oil & Gas Integrated
Most Recent Earnings Jun 30, 2020
Fiscal Year End Dec 31, 2020
Stock Type Hard Assets
Employees 74,900

Related

Market Update
How the Upcoming Election Will Shape Regulation
A look at utilities, energy, and the budding cannabis industry in a continuation of the Trump presidency or a new Biden administration.
David Sekera
ETF Specialist
A Silver-Rated ETF Filled With Dividend Diehards
This fund only invests in the most disciplined dividend payers.
Ryan Jackson
Commentary
How Big Fund Families Voted on Climate Change: 2020 Edition
Vanguard, State Street, and Fidelity increased support for shareholder resolutions aimed at tackling climate change, while BlackRock voted 'no' more than 80% of the time.
Jackie Cook
The Short Answer
What Is the Dow Jones Industrial Average?
Recent membership changes highlight confusion around the famous index.
Sachin Nagarajan
Stock Analyst Update
Exxon Reports Q2 Loss, but Dividend Looks Safe
We don't expect to change our fair value estimate or narrow-moat rating.
Allen Good
Rekenthaler Report
The S&P 500 Grows Ever More Concentrated
Does this bode well for small-value stocks?
John Rekenthaler
Our Picks
7 Undervalued Stocks With Healthy Yields
We expect these high yielders to sustain their dividends in the future. Plus, they're cheap.
Susan Dziubinski
Market Update
Growth Parties Like It's 1999, but Don't Rule Out Value
Morningstar style indexes reveal market divergence and opportunity.
Dan Lefkovitz
Sustainability Matters
ESG Funds Setting a Record Pace for Launches in 2020
Here's a look at some intriguing new sustainable funds so far this year.
Jon Hale
Commentary
Key ESG Issues Up for Shareholder Vote
Employee welfare and political influence are among the big environmental, social, and governance issues this year.
Jackie Cook
Rekenthaler Report
Stock Market Signals, Then Versus Now
Clues from the largest-company lists.
John Rekenthaler
Stock Analyst Update
Exxon Takes Hit on Noncash Charges, Worst Still to Come
After a drop in earnings in the first quarter, we view this narrow-moat firm's shares as appealing.
Allen Good
Stock Strategist Industry Reports
Epic Oil Crash Sets Up Brutal Downturn for Energy Sector
But recovery is inevitable, and stocks look very cheap--just watch out for bankruptcy risk.
Preston Caldwell
Commentary
The Week Ahead: Apple, Facebook, and Boeing to Report Earnings
We are also on the lookout for reports from Southwest, Microsoft, and Exxon Mobil.
Carole Hodorowicz
Stock Analyst Update
Storage Fears Spark Epic Collapse for WTI Crude
Widespread social distancing due to the coronavirus has dragged down gasoline consumption and storage utilization is rapidly climbing.
Dave Meats
Market Update
Gold the Current Star, but All Will Be Well With Oil
Oil prices languish while gold shines, but for long-term investors, we see value in energy companies over gold miners.
David Sekera
Fund Spy
Big Disparities Among the Biggest Stock Funds in the Bear Market
A look at how the industry's largest active equity mutual funds have fared in the coronavirus bear market.
Dan Culloton
Commentary
The Highest-Quality U.S. Companies Have Weathered the Storm Best
Checking in on stocks using Morningstar indexes.
Dan Lefkovitz
Stock Strategist Industry Reports
Integrated Oils' Yields Are Spiking. Are Dividends Safe?
It's likely to be a tough few years, but dividends should remain intact, meaning opportunity exists.
Allen Good
Fund Spy
How the Mighty Have Fallen
A look at how the industry's largest active equity mutual funds have fared in the coronavirus bear market.
Dan Culloton