Exxon Mobil
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. The last earnings update was 55 days ago. More info.
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XOM Share Price and Events
7 Day Returns
1 Year Returns
XOM Shareholder Return
| 7 Day | 30 Day | 90 Day | 1 Year | 3 Year | 5 Year | |
|---|---|---|---|---|---|---|
| Exxon Mobil (XOM) | 2.7% | 3.6% | 16.9% | 6.4% | -4.9% | -17.8% |
| US Oil and Gas | 2.2% | 4.8% | 10.1% | -5.3% | 5.7% | -26.1% |
| US Market | -0.1% | 3.7% | 10.2% | 7.6% | 38.1% | 46.4% |
1 Year Return vs Industry and Market
- XOM outperformed the Oil and Gas industry which returned -5.3% over the past year.
- XOM underperformed the Market in United States of America which returned 7.6% over the past year.
Value
Is Exxon Mobil undervalued based on future cash flows and its price relative to the stock market?
Value is all about what a company is worth versus what price it is
available for. If you went into a grocery store and all the bananas were on sale
at half price, they could be considered
undervalued.
INTRINSIC VALUE BASED ON FUTURE CASH FLOWS
Here we compare the current
share
price of
Exxon Mobil
to its discounted cash flow analysis.value.The discounted cash flow value is simply looking at what the company is worth today, based on estimates of how much money it is expected to make in the future.
Below are the data sources, inputs and calculation used to determine the intrinsic value for Exxon Mobil.
| Data Point | Source | Value |
|---|---|---|
| Valuation Model | 2 Stage Free Cash Flow to Equity | |
| Levered Free Cash Flow | Average of 15 Analyst Estimates (S&P Global) | See below |
| Discount Rate (Cost of Equity) | See below | 8.8% |
| Perpetual Growth Rate | 10-Year US Government Bond Rate | 2.7% |
An important part of a discounted cash flow is the discount rate, below we explain how it has been calculated.
| Data Point | Calculation/ Source | Result |
|---|---|---|
| Risk-Free Rate | 10-Year US Govt Bond Rate | 2.7% |
| Equity Risk Premium | S&P Global | 6% |
| Oil and Gas Unlevered Beta | Simply Wall St/ S&P Global | 0.94 |
| Re-levered Beta | = Unlevered beta (1 + (1- tax rate) (Debt/Equity))
= 0.938 (1 + (1- 21%) (10.71%)) |
1.011 |
| Levered Beta | Levered Beta limited to 0.8 to 2.0 (practical range for a stable firm) |
1.01 |
| Discount Rate/ Cost of Equity |
= Cost of Equity = Risk Free Rate + (Levered Beta * Equity Risk Premium)
= 2.73% + (1.011 * 5.96%) |
8.76% |
Discounted Cash Flow Calculation for NYSE:XOM using 2 Stage Free Cash Flow to Equity Model
The calculations below outline how an intrinsic value for Exxon Mobil is arrived at by discounting future cash flows to their present value using the 2 stage method. We try to start with analysts estimates of free cash flow, however if these are not available we use the most recent financial results. In the 1st stage we continue to grow the free cash flow over a 10 year period, with the growth rate trending towards the perpetual growth rate used in the 2nd stage. The 2nd stage assumes the company grows at a stable rate into perpetuity.
| Levered FCF (USD, Millions) | Source |
Present Value Discounted (@ 8.76%) |
|
|---|---|---|---|
| 2019 | 12,606.17 | Analyst x6 | 11,591.02 |
| 2020 | 15,223.50 | Analyst x6 | 12,870.38 |
| 2021 | 15,170.50 | Analyst x2 | 11,792.76 |
| 2022 | 17,050.00 | Analyst x1 | 12,186.48 |
| 2023 | 18,818.00 | Analyst x1 | 12,367.04 |
| 2024 | 19,979.73 | Est @ 6.17% | 12,073.14 |
| 2025 | 21,006.77 | Est @ 5.14% | 11,671.55 |
| 2026 | 21,934.71 | Est @ 4.42% | 11,205.72 |
| 2027 | 22,792.60 | Est @ 3.91% | 10,706.32 |
| 2028 | 23,603.28 | Est @ 3.56% | 10,194.29 |
| Present value of next 10 years cash flows | $116,658.70 | ||
| Calculation | Result | |
|---|---|---|
| Terminal Value |
= FCF2028
× (1 + g) ÷ (Discount Rate – g)
= $23,603.28 × (1 + 2.73%) ÷ (8.76% – 2.73%) |
$402,245.03 |
| Present Value of Terminal Value |
= Terminal Value ÷ (1 + r)10
= $402,245.03 ÷ (1 + 8.76%)10 |
$173,730.21 |
| Calculation | Result | |
|---|---|---|
| Total Equity Value |
= Present value of next 10 years cash flows +
Terminal Value
= $116,658.70 + $173,730.21 |
$290,388.91 |
| Equity Value per Share (USD) |
= Total value / Shares Outstanding
= $290,388.91 / 4,233.10 |
$68.6 |
| Calculation | Result | |
|---|---|---|
| Value per share (USD) | From above. | $68.60 |
| Current discount | Discount to share price of
$83.38
= -1 x ($83.38 - $68.60) / $68.60 |
-21.5% |
Learn more about our DCF calculations in Simply Wall St’s analysis model .
- The current share price of Exxon Mobil is above its future cash flow value.
PRICE RELATIVE TO MARKET
We can also value a company based on what the stock market is willing to pay for
it. This is similar to the price of fruit (e.g. Mangoes or Avocados) increasing
when they are out of season, or how much your home is worth.The amount the stock market is willing to pay for Exxon Mobil's earnings, growth and assets is considered below, and whether this is a fair price.
Price based on past earnings
Are
Exxon Mobil's earnings available for a low price, and how does
this compare to other companies in the same industry?
| Data Point | Source | Value |
|---|---|---|
| Earnings Per Share * | Company Filings (2018-12-31) in USD | $4.88 |
| NYSE:XOM Share Price ** | NYSE (2019-04-23) in USD | $83.38 |
| United States of America Oil and Gas Industry PE Ratio | Median Figure of 107 Publicly-Listed Oil and Gas Companies | 13.3x |
| United States of America Market PE Ratio | Median Figure of 3,080 Publicly-Listed Companies | 18.03x |
* Trailing twelve months (TTM) annual GAAP earnings per share excluding extraordinary items.
** Primary Listing of Exxon Mobil.
| Calculation | Outcome | |
|---|---|---|
| PE Ratio | = NYSE:XOM Share Price ÷ EPS (both in USD) = 83.38 ÷ 4.88 |
17.08x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Exxon Mobil is overvalued based on earnings compared to the US Oil and Gas industry average.
- Exxon Mobil is good value based on earnings compared to the United States of America market.
Price based on expected Growth
Does
Exxon Mobil's expected growth come at a high price?
| Data Point | Source | Value |
|---|---|---|
| PE Ratio | See PE Ratio Section | 17.08x |
| Net Income Annual Growth Rate | See Future Growth Section. Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts |
3.9%per year |
| United States of America Oil and Gas Industry PEG Ratio | Median Figure of 77 Publicly-Listed Oil and Gas Companies | 0.6x |
| United States of America Market PEG Ratio | Median Figure of 2,109 Publicly-Listed Companies | 1.55x |
*Line of best fit is calculated by linear regression .
| Calculation | Outcome | |
|---|---|---|
| PEG Ratio | = PE Ratio ÷ Net Income Annual Growth Rate = 17.08x ÷ 3.9% |
4.39x |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Exxon Mobil is poor value based on expected growth next year.
Price based on value of assets
What value do investors place on
Exxon Mobil's
assets?
| Data Point | Source | Value |
|---|---|---|
| Book Value per Share | Company Filings (2018-12-31) in USD | $45.27 |
| NYSE:XOM Share Price * | NYSE (2019-04-23) in USD | $83.38 |
| United States of America Oil and Gas Industry PB Ratio | Median Figure of 191 Publicly-Listed Oil and Gas Companies | 1.18x |
| United States of America Market PB Ratio | Median Figure of 5,185 Publicly-Listed Companies | 1.92x |
| Calculation | Outcome | |
|---|---|---|
| PB Ratio | = NYSE:XOM Share Price ÷ Book Value per Share (both in USD) = 83.38 ÷ 45.27 |
1.84x |
* Primary Listing of Exxon Mobil.
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Exxon Mobil is overvalued based on assets compared to the US Oil and Gas industry average.
Value checks
We assess Exxon Mobil's value by looking at:- Is the discounted cash flow value less than 20%, or 40% of the share price? (2 checks) ( Click here or on bar chart for details of DCF calculation. )
- Is the PE ratio less than the market average, and/ or less than the Oil and Gas industry average (and greater than 0)? (2 checks)
- Is the PEG ratio within a reasonable range (0 to 1)? (1 check)
- Is the PB ratio less than the Oil and Gas industry average (and greater than 0)? (1 check) Exxon Mobil has a total score of 1/6, see the detailed checks below.
Note: We use GAAP Earnings per Share in all our calculations including PE and PEG Ratio.
Full details on the Value part of the Simply Wall St company analysis model.
Future Performance
How is Exxon Mobil expected to perform in the next 1 to 3 years based on estimates from 15 analysts?
The future performance of a company is measured in the same way as past
performance, by looking at estimated
growth
and how much profit it is expected to make.Future estimates come from professional analysts. Just like forecasting the weather, they don’t always get it right!
Earnings growth vs Low Risk Savings
- Exxon Mobil's earnings growth is expected to exceed the low risk savings rate of 2.7%.
Growth vs Market Checks
- Exxon Mobil's earnings growth is positive but not above the United States of America market average.
- Exxon Mobil's revenue growth is positive but not above the United States of America market average.
Annual Growth Rates Comparison
| Data Point | Source | Value (per year) |
|---|---|---|
| NYSE:XOM Future Earnings Growth Rate | Line of Best Fit* through Consensus Estimate Earnings of 15 Analysts | 3.9% |
| NYSE:XOM Future Revenue Growth Rate | Line of Best Fit* through Consensus Estimate Revenue of 15 Analysts | 2% |
| United States of America Oil and Gas Industry Earnings Growth Rate | Market Cap Weighted Average | 10.8% |
| United States of America Oil and Gas Industry Revenue Growth Rate | Market Cap Weighted Average | 5.8% |
| United States of America Market Earnings Growth Rate | Market Cap Weighted Average | 13.5% |
| United States of America Market Revenue Growth Rate | Market Cap Weighted Average | 7.1% |
*Line of best fit is calculated by linear regression .
Industry and Market average data is calculated daily.
Learn more about our growth rate calculations in Simply Wall St’s analysis model.
Analysts growth expectations
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 15 Analyst Estimates (S&P Global) | See Below |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | 48,110 | |||
| 2022-12-31 | 46,350 | |||
| 2021-12-31 | 278,864 | 44,345 | 21,484 | 4 |
| 2020-12-31 | 314,583 | 41,460 | 23,501 | 7 |
| 2019-12-31 | 281,415 | 37,707 | 19,043 | 7 |
| Date (Data in USD Millions) | Revenue | Cash Flow | Net Income * |
|---|---|---|---|
| 2018-12-31 | 279,332 | 36,014 | 20,840 |
| 2018-09-30 | 278,112 | 34,818 | 23,220 |
| 2018-06-30 | 263,275 | 31,245 | 20,950 |
| 2018-03-31 | 248,391 | 30,412 | 20,350 |
| 2017-12-31 | 237,162 | 30,066 | 19,710 |
| 2017-09-30 | 227,563 | 30,051 | 13,010 |
| 2017-06-30 | 220,350 | 27,871 | 11,690 |
| 2017-03-31 | 216,297 | 25,443 | 10,040 |
| 2016-12-31 | 200,628 | 22,082 | 7,840 |
| 2016-09-30 | 198,234 | 19,066 | 8,940 |
| 2016-06-30 | 205,963 | 22,885 | 10,530 |
| 2016-03-31 | 219,872 | 27,158 | 13,020 |
*GAAP earnings excluding extraordinary items.
Past and Future Earnings per Share
| Data Point | Source | Value |
|---|---|---|
| Past Financials | Company Filings (3 months ago) | See Below |
| Future Estimates | Average of up to 15 Analyst Estimates (S&P Global) | See Below |
All data from Exxon Mobil Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | EPS * | EPS High Estimate | EPS Low Estimate | Avg. No. Analysts |
|---|---|---|---|---|
| 2023-12-31 | ||||
| 2022-12-31 | ||||
| 2021-12-31 | 5.50 | 7.33 | 4.23 | 8.00 |
| 2020-12-31 | 5.80 | 10.09 | 4.08 | 12.00 |
| 2019-12-31 | 4.32 | 5.54 | 3.48 | 13.00 |
| Date (Data in USD Millions) | EPS * |
|---|---|
| 2018-12-31 | 4.88 |
| 2018-09-30 | 5.44 |
| 2018-06-30 | 4.91 |
| 2018-03-31 | 4.77 |
| 2017-12-31 | 4.63 |
| 2017-09-30 | 3.07 |
| 2017-06-30 | 2.78 |
| 2017-03-31 | 2.40 |
| 2016-12-31 | 1.88 |
| 2016-09-30 | 2.14 |
| 2016-06-30 | 2.52 |
| 2016-03-31 | 3.11 |
*GAAP earnings excluding extraordinary items.
Future performance checks
We assess Exxon Mobil's future performance by looking at:- Is the annual earnings growth rate expected to beat the low risk savings rate, plus a premium to keep pace with inflation?
- Is the annual earnings growth rate expected to beat the average growth rate in earnings of the United States of America market? (1 check)
- Is the annual revenue growth rate expected to beat the average growth rate in revenue of the United States of America market? (1 check)
- Is the annual earnings growth rate expected to be above 20%? (1 check)
- Is the annual revenue growth rate expected to be above 20%? (1 check)
- Is the Return on Equity in 3 years expected to be over 20%? (1 check)
Exxon Mobil has a total score of 1/6, see the detailed checks below.
Note 1: We use GAAP Net Income Excluding Exceptional Items for our Earnings in all our calculations.
Full details on the Future part of the Simply Wall St company analysis model.
Past Performance
How has Exxon Mobil performed over the past 5 years?
The past performance of a company can be measured by how much
growth
it has experienced and how much profit it makes relative to the funds and assets
it has available.
Past earnings growth
Past Earnings growth analysis
- Exxon Mobil's year on year earnings growth rate was negative over the past 5 years and the most recent earnings are below average.
- Exxon Mobil's 1-year earnings growth exceeds its 5-year average (5.7% vs -16.4%)
- Exxon Mobil's earnings growth has not exceeded the US Oil and Gas industry average in the past year (5.7% vs 44.3%).
Earnings and Revenue History
All data from Exxon Mobil Company Filings, last reported 3 months ago, and in Trailing twelve months (TTM) annual period rather than quarterly.
| Date (Data in USD Millions) | Revenue | Net Income * | G+A Expenses | R&D Expenses |
|---|---|---|---|---|
| 2018-12-31 | 279,332.00 | 20,840.00 | 13,766.00 | |
| 2018-09-30 | 278,112.00 | 23,220.00 | 12,693.00 | |
| 2018-06-30 | 263,275.00 | 20,950.00 | 12,593.00 | |
| 2018-03-31 | 248,391.00 | 20,350.00 | 12,449.00 | |
| 2017-12-31 | 237,162.00 | 19,710.00 | 13,683.00 | |
| 2017-09-30 | 227,563.00 | 13,010.00 | 12,716.00 | |
| 2017-06-30 | 220,350.00 | 11,690.00 | 12,388.00 | |
| 2017-03-31 | 216,297.00 | 10,040.00 | 11,990.00 | |
| 2016-12-31 | 200,628.00 | 7,840.00 | 13,250.00 | |
| 2016-09-30 | 198,234.00 | 8,940.00 | 12,070.00 | |
| 2016-06-30 | 205,963.00 | 10,530.00 | 12,298.00 | |
| 2016-03-31 | 219,872.00 | 13,020.00 | 12,408.00 | |
| 2015-12-31 | 241,406.00 | 16,150.00 | 12,484.00 | |
| 2015-09-30 | 261,821.00 | 19,940.00 | 12,585.00 | |
| 2015-06-30 | 297,642.00 | 23,770.00 | 12,782.00 | |
| 2015-03-31 | 330,095.00 | 28,360.00 | 13,246.00 | |
| 2014-12-31 | 364,763.00 | 32,520.00 | 13,671.00 | |
| 2014-09-30 | 385,786.00 | 34,300.00 | 13,868.00 | |
| 2014-06-30 | 390,607.00 | 34,100.00 | 14,016.00 | |
| 2014-03-31 | 388,257.00 | 32,180.00 | 14,073.00 | |
| 2013-12-31 | 390,247.00 | 32,580.00 | 14,187.00 | |
| 2013-09-30 | 393,301.00 | 34,180.00 | 13,946.00 | |
| 2013-06-30 | 395,645.00 | 35,880.00 | 14,272.00 | |
| 2013-03-31 | 404,290.00 | 44,930.00 | 14,408.00 | |
| 2012-12-31 | 419,100.00 | 44,880.00 | 14,968.00 | |
| 2012-09-30 | 425,110.00 | 44,330.00 | 15,477.00 | |
| 2012-06-30 | 434,249.00 | 45,090.00 | 16,007.00 |
*GAAP earnings excluding extraordinary items.
Performance last year
We want to ensure a company is making the most of what it has available. This is
done by comparing the return (profit) to a company's available
funds,
assets
and
capital.
- Exxon Mobil has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
- Exxon Mobil used its assets less efficiently than the US Oil and Gas industry average last year based on Return on Assets.
- Exxon Mobil has significantly improved its use of capital last year versus 3 years ago (Return on Capital Employed).
Past performance checks
We assess Exxon Mobil's performance over the past 5 years by checking for:- Has earnings increased in past 5 years? (1 check)
- Has the earnings growth in the last year exceeded that of the Oil and Gas industry? (1 check)
- Is the recent earnings growth over the last year higher than the average annual growth over the past 5 years? (1 check)
- Is the Return on Equity (ROE) higher than 20%? (1 check)
- Is the Return on Assets (ROA) above industry average? (1 check)
- Has the Return on Capital Employed (ROCE) increased from 3 years ago? (1 check)
Exxon Mobil has a total score of 2/6, see the detailed checks below.
Note: We use GAAP Net Income excluding extraordinary items in all our calculations.
Full details on the Past part of the Simply Wall St company analysis model.
Health
How is Exxon Mobil's financial health and their level of debt?
A company's financial position is much like your own financial position,
it includes everything you own
(assets)
and owe
(liabilities).The boxes below represent the relative size of what makes up Exxon Mobil's finances.
The net worth of a company is the difference between its assets and liabilities.
- Exxon Mobil's short term (1 year) commitments are greater than its holdings of cash and other short term assets.
- Exxon Mobil's long term commitments exceed its cash and other short term assets.
Balance sheet
Assets
Liabilities and shares
- High level of physical assets or inventory.
- Debt is covered by short term assets, assets are 1.3x debt.
Historical Debt
Nearly all companies have debt. Debt in itself isn’t
bad,
however if the debt is too high, or the company can’t afford to pay the interest
on its debts this may have impacts in the future.The graphic below shows equity (available funds) and debt, we ideally want to see the red area (debt) decreasing.
If there is any debt we look at the companies capability to repay it, and whether the level has increased over the past 5 years.
All data from Exxon Mobil Company Filings, last reported 3 months ago.
| Date (Data in USD Millions) | Total Equity | Total Debt | Cash & Short Term Investments |
|---|---|---|---|
| 2018-12-31 | 198,528.00 | 37,796.00 | 3,042.00 |
| 2018-09-30 | 196,831.00 | 40,037.00 | 5,669.00 |
| 2018-06-30 | 193,533.00 | 41,220.00 | 3,430.00 |
| 2018-03-31 | 194,911.00 | 40,617.00 | 4,125.00 |
| 2017-12-31 | 194,500.00 | 42,336.00 | 3,177.00 |
| 2017-09-30 | 189,198.00 | 40,610.00 | 4,266.00 |
| 2017-06-30 | 185,838.00 | 41,935.00 | 4,042.00 |
| 2017-03-31 | 183,771.00 | 43,607.00 | 4,897.00 |
| 2016-12-31 | 173,830.00 | 42,762.00 | 3,657.00 |
| 2016-09-30 | 177,010.00 | 46,155.00 | 5,093.00 |
| 2016-06-30 | 176,875.00 | 44,471.00 | 4,358.00 |
| 2016-03-31 | 178,498.00 | 43,108.00 | 4,846.00 |
| 2015-12-31 | 176,810.00 | 38,687.00 | 3,705.00 |
| 2015-09-30 | 176,839.00 | 34,312.00 | 4,296.00 |
| 2015-06-30 | 178,998.00 | 33,840.00 | 4,343.00 |
| 2015-03-31 | 177,446.00 | 32,771.00 | 5,184.00 |
| 2014-12-31 | 181,064.00 | 29,121.00 | 4,616.00 |
| 2014-09-30 | 187,495.00 | 21,834.00 | 4,962.00 |
| 2014-06-30 | 188,131.00 | 21,765.00 | 6,083.00 |
| 2014-03-31 | 182,891.00 | 21,367.00 | 5,601.00 |
| 2013-12-31 | 180,495.00 | 22,699.00 | 4,644.00 |
| 2013-09-30 | 175,478.00 | 21,293.00 | 5,310.00 |
| 2013-06-30 | 171,588.00 | 19,357.00 | 4,609.00 |
| 2013-03-31 | 173,077.00 | 13,412.00 | 6,214.00 |
| 2012-12-31 | 171,660.00 | 11,581.00 | 9,582.00 |
| 2012-09-30 | 172,355.00 | 12,424.00 | 13,055.00 |
| 2012-06-30 | 167,985.00 | 15,581.00 | 17,802.00 |
- Exxon Mobil's level of debt (19%) compared to net worth is satisfactory (less than 40%).
- The level of debt compared to net worth has increased over the past 5 years (12.6% vs 19% today).
- Debt is well covered by operating cash flow (95.3%, greater than 20% of total debt).
- Interest payments on debt are well covered by earnings (EBIT is 28.1x coverage).
Financial health checks
We assess Exxon Mobil's financial health by checking for:- Are short term assets greater than short term liabilities? (1 check)
- Are short term assets greater than long term liabilities? (1 check)
- Has the debt to equity ratio increased in the past 5 years? (1 check)
- Is the debt to equity ratio over 40%? (1 check)
- Is the debt covered by operating cash flow? (1 check)
- Are earnings greater than 5x the interest on debt (if company pays interest at all)? (1 check) Exxon Mobil has a total score of 3/6, see the detailed checks below.
- Does cash and short term investments cover stable operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
- Does cash and short term investments cover growing operating expenses (recurring G&A and R&D) for more than 3 years? (1 check)
Full details on the Health part of the Simply Wall St company analysis model.
Dividends
What is Exxon Mobil's current dividend yield, its reliability and sustainability?
Dividends are regular cash payments to you from the company, similar to a
bank paying you interest on a savings account.
Annual Dividend Income
If you bought
$2,000 of
Exxon Mobil
shares you are expected to receive
$79
in your first year as a dividend.
Dividend Amount
- Exxon Mobil's pays a higher dividend yield than the bottom 25% of dividend payers in United States of America (1.4%).
- Exxon Mobil's dividend is above the markets top 25% of dividend payers in United States of America (3.64%).
Annualized Historical and Future Dividends
It is important to see if the dividend for a company is stable, and not
wildly increasing/decreasing each year. This graph shows you the historical rate
to count toward your assessment of the stock.We also check to see if the dividend has increased in the past 10 years.
| Data Point | Source | Value |
|---|---|---|
| Past Annualized Dividend Yield | S&P Global Market Data | See Below |
| Past Dividends per Share | Company Filings/ Annualized Dividend Payments | See Below |
| Future Dividends per Share Estimates | Average of up to 15 Analyst Estimates (S&P Global) | See Below |
| United States of America Oil and Gas Industry Average Dividend Yield | Market Cap Weighted Average of 65 Stocks | 3.4% |
| United States of America Market Average Dividend Yield | Market Cap Weighted Average of 2008 Stocks | 2.4% |
| United States of America Minimum Threshold Dividend Yield | 10th Percentile | 0.8% |
| United States of America Bottom 25% Dividend Yield | 25th Percentile | 1.4% |
| United States of America Top 25% Dividend Yield | 75th Percentile | 3.6% |
Industry and Market average data is calculated daily.
Note all dividend per share amounts are annualized and not quarterly or other period.
| Date (Data in $) | Dividend per Share (annual) | Avg. No. Analysts |
|---|---|---|
| 2023-12-31 | ||
| 2022-12-31 | ||
| 2021-12-31 | 3.62 | 11.00 |
| 2020-12-31 | 3.52 | 18.00 |
| 2019-12-31 | 3.38 | 20.00 |
| Date (Data in $) | Dividend per share (annual) | Avg. Yield (%) |
|---|---|---|
| 2019-01-30 | 3.280 | 4.139 |
| 2018-10-31 | 3.280 | 4.397 |
| 2018-07-25 | 3.280 | 4.019 |
| 2018-04-25 | 3.280 | 4.046 |
| 2018-01-31 | 3.080 | 4.026 |
| 2017-10-25 | 3.080 | 3.660 |
| 2017-07-26 | 3.080 | 3.855 |
| 2017-04-26 | 3.080 | 3.781 |
| 2017-01-25 | 3.000 | 3.646 |
| 2016-10-26 | 3.000 | 3.436 |
| 2016-07-27 | 3.000 | 3.454 |
| 2016-04-27 | 3.000 | 3.302 |
| 2016-01-27 | 2.920 | 3.540 |
| 2015-10-28 | 2.920 | 3.707 |
| 2015-07-29 | 2.920 | 3.827 |
| 2015-04-29 | 2.920 | 3.451 |
| 2015-01-28 | 2.760 | 3.163 |
| 2014-10-29 | 2.760 | 2.979 |
| 2014-07-30 | 2.760 | 2.866 |
| 2014-04-30 | 2.760 | 2.701 |
| 2014-01-29 | 2.520 | 2.638 |
| 2013-10-30 | 2.520 | 2.624 |
| 2013-07-31 | 2.520 | 2.862 |
| 2013-04-24 | 2.520 | 2.758 |
| 2013-01-30 | 2.280 | 2.563 |
| 2012-10-31 | 2.280 | 2.572 |
| 2012-07-25 | 2.280 | 2.543 |
| 2012-04-25 | 2.280 | 2.740 |
| 2012-01-25 | 1.880 | 2.197 |
| 2011-10-26 | 1.880 | 2.313 |
| 2011-07-27 | 1.880 | 2.534 |
| 2011-04-27 | 1.880 | 2.296 |
| 2011-01-26 | 1.760 | 2.102 |
| 2010-10-27 | 1.760 | 2.437 |
| 2010-07-28 | 1.760 | 2.842 |
| 2010-04-28 | 1.760 | 2.879 |
| 2010-01-27 | 1.680 | 2.518 |
| 2009-10-28 | 1.680 | 2.362 |
| 2009-07-29 | 1.680 | 2.400 |
| 2009-04-29 | 1.680 | 2.406 |
| 2009-04-24 | 1.600 | 2.386 |
Learn more about our ratios and growth rates in Simply Wall St’s analysis model >
- Dividends per share have been stable in the past 10 years.
- Dividends per share have increased over the past 10 years.
Current Payout to shareholders
What portion of
Exxon Mobil's earnings are
paid
to the shareholders as a dividend.
- Dividends paid are covered by earnings (1.5x coverage).
- Dividends after 3 years are expected to be covered by earnings (1.6x coverage).
Income/ dividend checks
We assess Exxon Mobil's dividend by checking for:- Firstly is the company paying a notable dividend (greater than 0.8%) - if not then the rest of the checks are ignored.
- Is current dividend yield above the bottom 25% of dividend payers? (1 check)
- Is current dividend yield above the top 25% of dividend payers? (1 check)
- Have they paid a dividend for 10 years, and during this period has the dividend been volatile (drop of more than 25%)? (1 check)
- If they have paid a dividend for 10 years has it increased in this time? (1 check)
- How sustainable is the dividend, can Exxon Mobil afford to pay it from its earnings today and in 3 years (Payout ratio less than 90%)? (2 checks) Exxon Mobil has a total score of 6/6, see the detailed checks below.
Full details on the Dividends part of the Simply Wall St company analysis model.
Management
CEO
| COMPENSATION | $17,466,130 |
| AGE | 53 |
| TENURE AS CEO | 2.3 years |
CEO Bio
Mr. Darren W. Woods has been the Chairman and Chief Executive Officer at Exxon Mobil Corporation since January 1, 2017. Mr. Woods served as President of Exxon Mobil Corporation since January 1, 2016. He served as Senior Vice President of Exxon Mobil Corporation since June 1, 2014 until January 1, 2016. Mr. Woods served as a Vice President of Exxon Mobil Corporation from August 1, 2012 to May 31, 2014. He served as the President of ExxonMobil Refining & Supply Company from August 1, 2012 to July 31, 2014. He served as Vice President of Supply & Transportation at ExxonMobil Refining & Supply Company from 2010 to July 2012. Mr. Woods served as Vice President of Adhesion Industry Global Business Unit at ExxonMobil Chemical Company, Inc. since 2005 and its vice president for Specialty Elastomers since 2007. He joined Exxon Company International in 1992 and had assignments in planning, supply and new business development at Exxon Company International headquarters in New Jersey before moving to the United Kingdom in 1995, where he held positions in refinery operations, retail and supply and distribution. In 2001, he became manager of Investor Relations atExxon Mobil Corporation and in 2002 became manager of Joliet refinery outside Chicago, IL. He was appointed as director of refining for Europe, Africa and the Middle East for ExxonMobil Refining & Supply Company in 2008. He has been an Executive Director of Exxon Mobil Corporation since January 1, 2016. Mr. Woods served as a Non-Independent Director of Imperial Oil Ltd. since April 25, 2013 until July 29, 2014. Mr. Woods served as a Director of Saudi Aramco Mobil Refinery Company Ltd. Mr. Woods holds a Bachelor's Degree in Electrical Engineering from Texas A&M University and an Master's Degree in Business Administration from Northwestern University's Kellogg School of Management.
CEO Compensation
- Darren's compensation has been consistent with company performance over the past year.
- Darren's remuneration is higher than average for companies of similar size in United States of America.
Management Team Tenure
Average tenure and age of the Exxon Mobil management team in years:
- The tenure for the Exxon Mobil management team is about average.
Management Team
Darren Woods
Chairman & CEO
$17M
53
2.3 yrs
Andy Swiger
Senior VP & Principal Financial Officer
$11M
61
6.3 yrs
Neil Duffin
President of ExxonMobil Global Projects Company
$8M
61
2.3 yrs
David Rosenthal
Principal Accounting Officer
61
Neil Hansen
VP of Investor Relations & Secretary
0.8 yrs
Randall Ebner
VP & General Counsel
62
2.4 yrs
Tracey Gunnlaugsson
Vice President of Human Resources
0.7 yrs
Neil Chapman
Senior Vice President
56
1.3 yrs
Jack Williams
Senior Vice President
54
4.8 yrs
Emma Cochrane
Senior Vice President
Board of Directors Tenure
Average tenure and age of the Exxon Mobil board of directors in years:
- The tenure for the Exxon Mobil board of directors is about average.
Board of Directors
Darren Woods
Chairman & CEO
$17M
53
2.3 yrs
Sam Palmisano
Independent Non-Executive Director
$347K
67
13.3 yrs
Ken Frazier
Independent Non-Executive Director
$337K
63
9.9 yrs
Ursula Burns
Independent Non-Executive Director
$343K
59
6.4 yrs
Bray Braly
Independent Director
$337K
57
2.9 yrs
Steve Reinemund
Presiding Director
$347K
70
3.3 yrs
William Weldon
Independent Non-Executive Director
$337K
69
5.9 yrs
Doug Oberhelman
Independent Non-Executive Director
$337K
64
3.9 yrs
Susan Avery
Independent Director
$767K
68
2.2 yrs
Steve Kandarian
Independent Director
65
1.2 yrs
Who owns this company?
Recent Insider Transactions
| Announced | Type | Name | Entity | Role | Start | End | Shares | Max Price ($) | Value ($) | |
|---|---|---|---|---|---|---|---|---|---|---|
| 19. Dec 18 | Sell | Bradley Corson | Individual | 19. Dec 18 | 19. Dec 18 | -15,000 | $72.84 | $-1,092,527 | ||
| 14. Dec 18 | Sell | Neil Hansen | Individual | 14. Dec 18 | 14. Dec 18 | -2,798 | $76.81 | $-214,914 | ||
| 12. Dec 18 | Sell | John Verity | Individual | 11. Dec 18 | 11. Dec 18 | -15,850 | $76.94 | $-1,219,559 | ||
| 06. Dec 18 | Sell | David Rosenthal | Individual | 04. Dec 18 | 04. Dec 18 | -7,562 | $81.24 | $-614,337 | ||
| 30. Nov 18 | Sell | Theodore Wojnar | Individual | 30. Nov 18 | 30. Nov 18 | -9,658 | $78.41 | $-757,284 | ||
| 30. Nov 18 | Sell | Robert Schleckser | Individual | 30. Nov 18 | 30. Nov 18 | -7,855 | $78.91 | $-619,861 | ||
| 30. Nov 18 | Sell | James Spellings | Individual | 30. Nov 18 | 30. Nov 18 | -9,522 | $78.41 | $-746,620 | ||
| 21. Sep 18 | Sell | Bradley Corson | Individual | 19. Sep 18 | 19. Sep 18 | -15,000 | $84.02 | $-1,260,344 | ||
Management checks
We assess Exxon Mobil's management by checking for:- Is the CEO's compensation unreasonable compared to market cap? (1 check)
- Has the CEO's compensation increased more than 20% whilst the EPS is down more then 20%? (1 check)
- Is the average tenure of the management team less than 2 years? (1 check)
- Is the average tenure of the board of directors team less than 3 years? (1 check) Exxon Mobil has a total score of 0/6, this is not included on the snowflake, see the detailed checks below.
Note: We use the top 6 management executives and board members in our calculations.
Note 2: Insider trading include any internal stakeholders and these transactions .
Full details on the Management part of the Simply Wall St company analysis model.
News
Simply Wall St News
Did You Manage To Avoid Exxon Mobil's (NYSE:XOM) 19% Share Price Drop?
While not a mind-blowing move, it is good to see that the Exxon Mobil Corporation (NYSE:XOM) share price has gained 13% in the last three months. … After all, the share price is down 19% in that time, significantly under-performing the market. … During the five years over which the share price declined, Exxon Mobil's earnings per share (EPS) dropped by 7.9% each year.
Simply Wall St - – Full articleWill Exxon Mobil Corporation's (NYSE:XOM) Earnings Grow In The Next Couple Of Years?
Exxon Mobil Corporation's (NYSE:XOM) most recent earnings update in December 2018a … suggested
Simply Wall St - – Full articleWhat Does Exxon Mobil Corporation's (NYSE:XOM) P/E Ratio Tell You?
Based on the last twelve months, Exxon Mobil's P/E ratio is 16.56. … How Do You Calculate Exxon Mobil's P/E Ratio … Price to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)
Simply Wall St - – Full articleExxon Mobil Corporation (NYSE:XOM) Insiders Have Been Selling
So shareholders might well want to know whether insiders have been buying or selling shares in Exxon Mobil Corporation (NYSE:XOM). … The Last 12 Months Of Insider Transactions At Exxon Mobil. … In total, Exxon Mobil insiders sold more than they bought over the last year
Simply Wall St - – Full articleCan We See Significant Institutional Ownership On The Exxon Mobil Corporation (NYSE:XOM) Share Register?
If you want to know who really controls Exxon Mobil Corporation (NYSE:XOM), then you'll have to look at the makeup of its share registry. … With a market capitalization of US$329b, Exxon Mobil is rather large. … Check out our latest analysis for Exxon Mobil
Simply Wall St - – Full articleHow Much Are Exxon Mobil Corporation (NYSE:XOM) Insiders Taking Off The Table?
We often see insiders buying up shares in companies that perform well over the long term. … So shareholders might well want to know whether insiders have been buying or selling shares in Exxon Mobil Corporation (NYSE:XOM). … Exxon Mobil Insider Transactions Over The Last Year.
Simply Wall St - – Full articleExxon Mobil Corporation (NYSE:XOM) Has A ROE Of 12%
Our data shows Exxon Mobil has a return on equity of 12% for the last year. … That means that for every $1 worth of shareholders' equity, it generated $0.12 in profit. … Return on Equity = Net Profit ÷ Shareholders' Equity
Simply Wall St - – Full articleInterested In Exxon Mobil Corporation (NYSE:XOM)’s Upcoming US$0.82 Dividend? You Have 4 Days Left
If you are interested in cashing in on Exxon Mobil Corporation's (NYSE:XOM) upcoming dividend of US$0.82 per share, you only have 4 days left to buy the shares before its ex-dividend date, 09 November 2018, in time for dividends payable on the 10 December 2018. … Is this future income stream a compelling catalyst for dividend investors to think about the stock as an investment today? … Let's take a look at Exxon Mobil's most recent financial data to examine its dividend characteristics in more detail.
Simply Wall St - – Full articleWhy Exxon Mobil Corporation (NYSE:XOM) Is A Financially Healthy Company
Most investors favour these big stocks due to their strong balance sheet and high market liquidity, meaning there are an abundance of stock in the public market available for trading. … These companies are resilient in times of low liquidity and are not as strongly impacted by interest rate hikes as companies with lots of debt. … Using the most recent data for XOM, I will determine its financial status based on its solvency and liquidity, and assess whether the stock is a safe investment.
Simply Wall St - – Full articleWhy Exxon Mobil Corporation (NYSE:XOM) Is A Dividend Rockstar
There is a lot to be liked about Exxon Mobil Corporation (NYSE:XOM) as an income stock. … The stock currently pays out a dividend yield of 4.2%, and has a market cap of US$328.2b. … Let's take a look at Exxon Mobil in more detail.
Simply Wall St - – Full articleCompany Info
Description
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals. As of December 31, 2018, it had approximately 24,696 net operated wells with proved reserves of 24.3 billion oil-equivalent barrels. The company was founded in 1870 and is headquartered in Irving, Texas.
Details
| Name: | Exxon Mobil Corporation |
| XOM | |
| Exchange: | NYSE |
| Founded: | 1870 |
| $352,956,291,731 | |
| 4,233,104,962 | |
| Website: | http://corporate.exxonmobil.com |
| Address: |
Exxon Mobil Corporation 5959 Las Colinas Boulevard, Irving, Texas, 75039, United States |
Listings
| Exchange Symbol | Ticker Symbol | Security | Exchange | Country | Currency | Listed on | |
|---|---|---|---|---|---|---|---|
| NYSE | XOM | Common Shares | New York Stock Exchange | US | USD | 02. Jan 1968 | |
| DB | XONA | Common Shares | Deutsche Boerse AG | DE | EUR | 02. Jan 1968 | |
| XTRA | XONA | Common Shares | XETRA Trading Platform | DE | EUR | 02. Jan 1968 | |
| LSE | 0R1M | Common Shares | London Stock Exchange | GB | USD | 02. Jan 1968 | |
| SWX | XOM | Common Shares | SIX Swiss Exchange | CH | CHF | 02. Jan 1968 | |
| WBAG | XOM | Common Shares | Wiener Boerse AG | AT | EUR | 02. Jan 1968 | |
| SNSE | XOM | Common Shares | Santiago Stock Exchange | CL | USD | 02. Jan 1968 | |
| BVC | XOM | Common Shares | Bolsa de Valores de Colombia | CO | COP | 02. Jan 1968 | |
| BMV | XOM * | Common Shares | Bolsa Mexicana de Valores | MX | MXN | 02. Jan 1968 | |
| BVL | XOM | Common Shares | Bolsa de Valores de Lima | PE | USD | 02. Jan 1968 | |
| BOVESPA | EXXO34 | BDR EACH REPR 1/4 COM NPV | Bolsa de Valores de Sao Paulo | BR | BRL | 29. Dec 2011 | |
| BASE | XOM | CEDEAR EACH 5 REP 1 CAP NPV | Buenos Aires Stock Exchange | AR | ARS | 11. Jan 2001 |
Number of employees
Current staff
Industry
| Integrated Oil and Gas | |
| Energy |
Company Analysis and Financial Data Status
| Area | Date (UTC time) |
|---|---|
| Company Analysis updated: | 2019/04/23 23:36 |
| End of day share price update: | 2019/04/23 00:00 |
| Last estimates confirmation: | 2019/04/18 |
| Last earnings filing: | 2019/02/27 |
| Last earnings reported: | 2018/12/31 |
| Last annual earnings reported: | 2018/12/31 |
All dates and times in UTC. All financial data provided by Standard & Poor’s Capital IQ.
Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more here.
