Financials Exxon Mobil Corporation

Equities

XOM

US30231G1022

Integrated Oil & Gas

Market Closed - Nyse Other stock markets 04:03:04 2024-05-17 pm EDT			5-day change	1st Jan Change
119.6 ^USD	+1.50%		+1.42%	+19.66%

May. 17	Large Hess Shareholder to Abstain From Vote on Chevron Takeover	MT
May. 17	TotalEnergies strikes supply deal with Dangote on Nigerian refinery	RE

Valuation

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Capitalization ¹	295,247	174,288	259,052	454,248	399,598	471,741	-	-
Enterprise Value (EV) ¹	339,078	237,564	299,954	465,801	409,632	485,017	483,464	484,235
P/E ratio	20.8 x	-7.85 x	11.4 x	8.32 x	11.2 x	12.7 x	12.2 x	12.2 x
Yield	4.92%	8.44%	5.7%	3.22%	3.68%	3.21%	3.32%	3.44%
Capitalization / Revenue	1.11 x	0.96 x	0.91 x	1.1 x	1.16 x	1.36 x	1.34 x	1.39 x
EV / Revenue	1.28 x	1.31 x	1.05 x	1.13 x	1.19 x	1.4 x	1.38 x	1.42 x
EV / EBITDA	9.36 x	18.6 x	5.69 x	4.46 x	5.31 x	6.23 x	5.72 x	5.71 x
EV / FCF	63.3 x	-90.9 x	8.33 x	7.98 x	12.2 x	13.6 x	11.5 x	12.6 x
FCF Yield	1.58%	-1.1%	12%	12.5%	8.17%	7.38%	8.71%	7.92%
Price to Book	1.55 x	1.11 x	1.54 x	2.86 x	1.94 x	2 x	1.96 x	1.8 x
Nbr of stocks (in thousands)	4,231,106	4,228,234	4,233,567	4,118,293	3,996,774	3,943,007	-	-
Reference price ²	69.78	41.22	61.19	110.3	99.98	119.6	119.6	119.6
Announcement Date	1/31/20	2/2/21	2/1/22	1/31/23	2/2/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Annual data)

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net sales ¹	264,938	181,502	285,640	413,680	344,582	347,643	351,562	340,190
EBITDA ¹	36,229	12,797	52,761	104,451	77,183	77,877	84,577	84,801
EBIT ¹	17,231	-7,278	32,154	80,411	56,542	53,299	55,388	54,612
Operating Margin	6.5%	-4.01%	11.26%	19.44%	16.41%	15.33%	15.75%	16.05%
Earnings before Tax (EBT) ¹	20,056	-28,883	31,234	77,753	52,783	54,904	59,678	58,501
Net income ¹	14,340	-22,440	23,040	55,740	36,010	39,721	42,665	41,403
Net margin	5.41%	-12.36%	8.07%	13.47%	10.45%	11.43%	12.14%	12.17%
EPS ²	3.360	-5.250	5.390	13.26	8.890	9.415	9.779	9.792
Free Cash Flow ¹	5,355	-2,614	36,029	58,390	33,450	35,786	42,102	38,361
FCF margin	2.02%	-1.44%	12.61%	14.11%	9.71%	10.29%	11.98%	11.28%
FCF Conversion (EBITDA)	14.78%	-	68.29%	55.9%	43.34%	45.95%	49.78%	45.24%
FCF Conversion (Net income)	37.34%	-	156.38%	104.75%	92.89%	90.09%	98.68%	92.65%
Dividend per Share ²	3.430	3.480	3.490	3.550	3.680	3.838	3.977	4.110
Announcement Date	1/31/20	2/2/21	2/1/22	1/31/23	2/2/24	-	-	-

¹USD in Million²USD

Estimates

Income Statement Evolution (Quarterly data)

Fiscal Period: December	2021 Q4	2022 Q1	2022 Q2	2022 Q3	2022 Q4	2023 Q1	2023 Q2	2023 Q3	2023 Q4	2024 Q1	2024 Q2	2024 Q3	2024 Q4	2025 Q1	2025 Q2
Net sales ¹	84,965	90,500	115,681	112,070	95,429	86,564	82,914	90,760	84,344	83,083	85,914	85,592	88,244	85,784	84,815
EBITDA ¹	17,536	20,980	29,279	30,619	23,573	21,206	16,147	18,283	21,547	17,402	20,760	20,877	18,744	20,954	21,577
EBIT ¹	11,875	12,097	24,828	24,977	18,509	16,962	11,905	13,868	13,807	12,590	12,226	12,331	10,257	10,823	11,247
Operating Margin	13.98%	13.37%	21.46%	22.29%	19.4%	19.59%	14.36%	15.28%	16.37%	15.15%	14.23%	14.41%	11.62%	12.62%	13.26%
Earnings before Tax (EBT) ¹	11,729	8,556	24,933	25,422	18,842	16,803	11,656	13,699	10,625	12,369	13,630	14,762	14,508	16,666	16,932
Net income ¹	8,870	5,480	17,850	19,660	12,750	11,430	7,880	9,070	7,630	8,220	10,362	11,373	11,142	10,739	10,848
Net margin	10.44%	6.06%	15.43%	17.54%	13.36%	13.2%	9.5%	9.99%	9.05%	9.89%	12.06%	13.29%	12.63%	12.52%	12.79%
EPS ²	2.080	1.280	4.210	4.680	3.090	2.790	1.940	2.250	1.910	2.060	2.483	2.517	2.473	2.375	2.446
Dividend per Share ²	0.8800	0.8800	0.8800	0.8800	0.9100	0.9100	0.9100	0.9100	0.9500	0.9500	0.9500	0.9538	0.9847	0.9915	0.9944
Announcement Date	2/1/22	4/29/22	7/29/22	10/28/22	1/31/23	4/28/23	7/28/23	10/27/23	2/2/24	4/26/24	-	-	-	-	-

¹USD in Million²USD

Estimates

Balance Sheet Analysis

Fiscal Period: December	2019	2020	2021	2022	2023	2024	2025	2026
Net Debt ¹	43,831	63,276	40,902	11,553	10,034	13,276	11,723	12,494
Net Cash position ¹	-	-	-	-	-	-	-	-
Leverage (Debt/EBITDA)	1.21 x	4.945 x	0.7752 x	0.1106 x	0.13 x	0.1705 x	0.1386 x	0.1473 x
Free Cash Flow ¹	5,355	-2,614	36,029	58,390	33,450	35,786	42,102	38,361
ROE (net income / shareholders' equity)	7.48%	-0.81%	14.1%	32.5%	18%	16.2%	15.7%	15.4%
ROA (Net income/ Total Assets)	4.05%	-0.41%	6.85%	16.7%	9.66%	10.2%	10.6%	10.9%
Assets ¹	354,398	5,527,094	336,231	333,864	372,693	387,961	403,455	379,845
Book Value Per Share ²	44.90	37.10	39.80	38.50	51.60	59.90	61.20	66.50
Cash Flow per Share ²	6.740	4.060	11.00	18.30	14.70	14.20	15.80	15.60
Capex ¹	24,361	17,282	12,100	18,407	21,919	24,491	25,541	25,955
Capex / Sales	9.19%	9.52%	4.24%	4.45%	6.36%	7.04%	7.27%	7.63%
Announcement Date	1/31/20	2/2/21	2/1/22	1/31/23	2/2/24	-	-	-

¹USD in Million²USD

Estimates

EPS & Dividend

Year-on-year evolution of the PER

Year-on-year evolution of the Yield

Change in Enterprise Value/EBITDA

Ratings for Exxon Mobil Corporation

Trading Rating

Investor Rating

ESG Refinitiv

B+

More Ratings

Analysts' Consensus

Sell

Buy

Mean consensus

OUTPERFORM

Number of Analysts

Last Close Price

119.6 USD

Average target price

133.3 USD

Spread / Average Target

+11.38%

Consensus

EPS Revisions

Estimates Revisions

Quarterly earnings - Rate of surprise

Company calendar

Sector Integrated Oil & Gas

	1st Jan change	Capi.
EXXON MOBIL CORPORATION	+19.66%	472B
ARAMCO	-9.39%	1,920B
PETROCHINA COMPANY LIMITED	+46.71%	243B
SHELL PLC	+9.06%	228B
TOTALENERGIES SE	+8.69%	168B
PETROBRAS	-1.48%	95.37B
EQUINOR ASA	-7.25%	81.89B
SUNCOR ENERGY INC.	+28.55%	51.57B
ENI S.P.A	-3.39%	51.49B
GAZPROM	-.--%	51.43B

Integrated Oil & Gas