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Exxon Mobil Corp XOM

Morningstar Rating
$120.56 +0.68 (0.57%)
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Company Report

Israel’s Response to Iran’s Strike Confirms Minimal Escalation View; Oil Markets Remain Oversupplied

Israel has launched strikes against Iran in retaliation for an attack on April 14 (see our April 15 note for more analysis). The limited scope of Israel’s attack, which also included targets in Syria and Iraq; Iran's subdued response; and the ample warning Israel provided confirm our view that both parties wish to de-escalate tensions. We’d characterize this as a de-escalation attack. This view is in line with broader US and Group of Seven goals.

Price vs Fair Value

XOM is trading at a 9% discount.
Price
$120.56
Fair Value
$846.00
Uncertainty
High
1-Star Price
$855.15
5-Star Price
$14.10
Economic Moat
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Capital Allocation
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Bulls Say, Bears Say

Bulls

Exxon has responded to shareholder concerns by reducing spending, appointing new board members, increasing disclosure, and announcing emissions reduction targets.

Bears

Despite activist pressure and new board members, Exxon has not sufficiently reduced hydrocarbon investment levels and continues to develop long-life projects that hold a high risk of becoming stranded.

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News

Trading Information

Previous Close Price
$119.88
Day Range
$118.43121.57
52-Week Range
$95.77123.75
Bid/Ask
$120.69 / $121.02
Market Cap
$477.21 Bil
Volume/Avg
1,005 / 17.7 Mil

Key Statistics

Price/Earnings (Normalized)
12.45
Price/Sales
1.43
Dividend Yield (Trailing)
3.09%
Dividend Yield (Forward)
3.15%
Total Yield
6.80%

Company Profile

ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2023, it produced 2.4 million barrels of liquids and 7.7 billion cubic feet of natural gas per day. At the end of 2023, reserves were 16.9 billion barrels of oil equivalent, 66% of which were liquids. The company is one the world's largest refiners with a total global refining capacity of 4.5 million barrels of oil per day and is one of the world's largest manufacturers of commodity and specialty chemicals.
Sector
Energy
Industry
Oil & Gas Integrated
Stock Style Box
Large Value
Total Number of Employees
61,500

Competitors

Valuation

Metric
XOM
SHELL
CVX
Price/Earnings (Normalized)
12.458.7812.44
Price/Book Value
2.301.321.88
Price/Sales
1.430.791.55
Price/Cash Flow
8.055.957.82
Price/Earnings
XOM
SHELL
CVX

Financial Strength

Metric
XOM
SHELL
CVX
Quick Ratio
1.060.900.87
Current Ratio
1.481.401.27
Interest Coverage
63.177.4064.08
Quick Ratio
XOM
SHELL
CVX

Profitability

Metric
XOM
SHELL
CVX
Return on Assets (Normalized)
10.42%6.70%9.56%
Return on Equity (Normalized)
19.34%14.92%15.37%
Return on Invested Capital (Normalized)
15.75%10.59%13.64%
Return on Assets
XOM
SHELL
CVX
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Oil & Gas Integrated Industry Comparables

Ticker
Name
Morningstar Rating for Stocks
Capital Allocation
Economic Moat
Market Cap
CVX
Chevron CorpCyvgpkqdzvBdxnxgc$295.4 Bil
PCCYF
PetroChina Co Ltd Class HQzpqm$257.3 Bil
RYDAF
Shell PLCYfjg$230.2 Bil
SHEL
Shell PLC ADR (Representing - Ordinary Shares)GpphhcyvYyjf$230.2 Bil
TTE
TotalEnergies SE ADRYphwdfylKwtjf$167.6 Bil
BP
BP PLC ADRGtxsfpgLljf$108.7 Bil
PBR
Petroleo Brasileiro SA Petrobras ADRJkbrlxrdrGjm$102.9 Bil
EQNR
Equinor ASA ADRDnlymcgwxCtpy$78.8 Bil
E
Eni SpA ADRSzndgjqwBjwzx$52.2 Bil

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