Exxon Mobil Corp (XOM)
🔔 Watch stock
symbol.quality_heading
The business works in principle, but one material question is open. As long as it stays open, our findings do not carry a quality verdict.
The business plainly works: $51,970 million of operating cash flow in the weakest year of the cycle, $254,381 million of equity, $603 million of interest expense, production at its highest level in more than 40 years, and an acquisition that produced only $1 billion of goodwill on a $63 billion price — substance bought, not expectation. No going-concern warning, no negative equity, no existential dependence on a single counterparty, no accounting or governance breach. Two operating questions remain open, however, and together they weigh enough for the more cautious rating. First, profitability swings so hard that 2020 carried a loss of $22,440 million; the cause sits outside the company and is quantified by it at $700 million per dollar of Brent. Second, 2025 distributions exceeded cash flow after capital expenditure by $13,892 million, the third year of falling coverage, with cash and the net debt ratio showing the bill. Separately stands the price question: at roughly 26 times trailing earnings the stock looks expensive, yet for a cyclical business that is exactly the usual optics at an earnings trough — measured against average 2020 to 2025 earnings it is roughly 25 times. That is a valuation argument, not a quality argument, and it does not change the rating. The decision is yours.
symbol.quality_note
ExxonMobil produced more oil and gas in 2025 than in any year for more than four decades — and still earned only half of what it made in 2022. The company writes the reason into its own annual report: one dollar on the Brent price moves about $700 million of earnings. We read the filings from 2020 onward, not from the record year.
Read the analysis
Stock Watch
This analysis is as of July 29, 2026. Stock Watch will tell you what's changed at XOM since then.
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Appears in These Scanners
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Trading Day
Key levels of the most recently completed trading day — not a live quote.
52-Week Range
Current price 155.40 $ — 76% of the range above the low.
Lowest and highest closing price over the last 52 weeks. The marker shows where the current price sits within that range: close to the high speaks for strength, close to the low for weakness.
Basics
Performance
Technical Indicators
Calculated from the price history · as of 08/03/2026
Valuation
Profitability
Balance Sheet & Safety
Growth
Dividend
Quality & Screener
AI Rating
NeutralGeprüft am 29.07.2026 gegen den Geschäftsbericht (10-K) für 2025 (eingereicht 18.02.2026), den Geschäftsbericht für 2024 und die vier jüngsten Quartalsberichte (10-Q): Künstliche Intelligenz erscheint in den ausgewerteten Filings ausschließlich als Nachfragefaktor für die eigenen Produkte (10-K 2025, Item 1A, „Other demand-related factors“) sowie als geplantes, noch umsatzloses Geschäftsfeld „low-carbon data centers“ im Bereich Low Carbon Solutions. Weder eine KI-Umsatzquelle noch ein konkretes KI-Risiko für das eigene Geschäftsmodell noch dokumentierter operativer KI-Einsatz sind belegt.
View the full file — quotes, sources, reviewed filings
„Other factors that may affect the demand for oil, gas, petrochemicals or our other products, and therefore our results, include … increased demand for artificial intelligence (AI), including the construction and expansion of AI data centers …"
Weitere Faktoren, die die Nachfrage nach Öl, Gas, Petrochemie oder unseren übrigen Produkten und damit unsere Ergebnisse beeinflussen können, sind unter anderem … die gestiegene Nachfrage nach künstlicher Intelligenz (KI), einschließlich des Baus und der Erweiterung von KI-Rechenzentren …
„ExxonMobil's Low Carbon Solutions business is working with the Product Solutions and Upstream businesses to grow a pipeline of emission-reduction opportunities in carbon capture and storage, hydrogen and ammonia, lower-emission fuels, Proxxima resin systems, carbon materials, and low-carbon data centers, as well as lithium to supply the global battery and electric vehicle markets."
Der Geschäftsbereich Low Carbon Solutions von ExxonMobil arbeitet mit den Bereichen Product Solutions und Upstream daran, ein Portfolio an Emissionsminderungsmöglichkeiten aufzubauen — in Kohlenstoffabscheidung und -speicherung, Wasserstoff und Ammoniak, emissionsärmeren Kraftstoffen, Proxxima-Harzsystemen, Kohlenstoffmaterialien und emissionsarmen Rechenzentren sowie Lithium für die globalen Batterie- und Elektrofahrzeugmärkte.
Filings Reviewed: 10-Q 2026-05-04 · 10-K 2026-02-18 · 10-Q 2025-11-03 · 10-Q 2025-08-04 · 10-Q 2025-05-05 · 10-K 2025-02-19
Rated on July 29, 2026 · How the Rating Is Built
Highlighted are things our editorial team noticed: green = stands out as strong, red = deserves a closer look. No single metric is a verdict on its own — always read it in context.
Analysts & Price Target
The price target sits 7.5% above the current price.
- Consensus
- Sell
- Analyst Ratings
- 28
Combined picture of the price targets and recommendations of every analyst covering the stock. Price targets are expectations for the next 12 months, not promises — and they often follow the price rather than predict it.
Estimates by Fiscal Year
| Fiscal Year | EPS Estimate ($) | EPS Range ($) | Revenue Estimate ($M) | Expected Growth | Analysts |
|---|---|---|---|---|---|
| 12/31/2026 | 12.34 | 11.94 – 12.60 | 392,961 | 76.5% | 5 |
| 12/31/2027 | 10.58 | 7.46 – 13.50 | 389,029 | -14.2% | 23 |
Average of the analyst estimates for the coming fiscal years. The range shows how far the most optimistic and the most cautious estimate sit apart — the wider it is, the less certain the expectation.
Next Reporting Date
Expected date of the next quarterly or annual figures. Dates do shift occasionally — only the invitation issued by the company is binding.
Revenue & Profit
Cash Flow
Balance Sheet
Margins
Per Share
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· Total · per year
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The figures could not be loaded right now.
Source: fundamental data
Quarterly Figures
| Quarter | EPS (Earnings Per Share) | EPS YoY (%) | Sales ($M) | Sales YoY (%) | Net Margin (%) | OCF ($M) | FCF ($M) |
|---|---|---|---|---|---|---|---|
| 2024: Q4 | 1.71 | -10.40 | 81,058 | -0.80 | 9.40 | 12,229 | 5,392 |
| 2025: Q1 | 1.73 | -15.90 | 81,058 | 0.80 | 9.50 | 12,953 | 7,055 |
| 2025: Q2 | 1.64 | -23.60 | 79,477 | -11.70 | 8.90 | 11,550 | 5,267 |
| 2025: Q3 | 1.74 | -9.70 | 83,331 | -5.10 | 9.10 | 14,788 | 6,061 |
| 2025: Q4 | 1.53 | -10.10 | 80,039 | -1.30 | 8.10 | 12,679 | 5,229 |
| 2026: Q1 | 1.00 | -42.10 | 83,161 | 2.60 | 5.00 | 8,705 | 2,235 |
- EPS (Earnings Per Share):
- Quarterly profit divided by the total share count — how much of the profit works out to a single share.
- YoY (Year over Year):
- Change versus the same quarter a year ago — this is how you compare without seasonal distortion (e.g. the holiday shopping season).
- Sales:
- All revenue for the quarter, before any costs are deducted — the top line of the income statement.
- Net Margin:
- What percentage of sales is left over as profit in the end. Negative means the company is posting a loss.
- OCF (Operating Cash Flow):
- The cash that actually flows into the till from the core business during the quarter — harder to dress up than book profit.
- FCF (Free Cash Flow):
- Operating cash flow minus capital expenditures — the money that's genuinely free to use, say for paying down debt, buybacks, or dividends.
Annual Figures
| Fiscal Year | Revenue ($M) | EBIT ($M) | Net Income ($M) | EPS ($) | Operating Cash Flow ($M) | Equity ($M) | Total Assets ($M) |
|---|---|---|---|---|---|---|---|
| 2016 | 200,628 | 2,771 | 7,840 | 1.88 | 22,082 | 167,325 | 330,314 |
| 2017 | 237,162 | 13,819 | 19,710 | 4.63 | 30,066 | 187,688 | 348,691 |
| 2018 | 279,332 | 22,124 | 20,840 | 4.92 | 36,014 | 191,794 | 346,196 |
| 2019 | 255,583 | 12,766 | 14,340 | 3.36 | 29,716 | 191,650 | 362,597 |
| 2020 | 178,574 | -29,448 | -22,440 | -5.25 | 14,668 | 157,150 | 332,750 |
| 2021 | 276,692 | 24,019 | 23,040 | 5.39 | 48,129 | 168,577 | 338,923 |
| 2022 | 398,675 | 64,028 | 55,740 | 13.26 | 76,797 | 195,049 | 369,067 |
| 2023 | 334,697 | 44,461 | 36,010 | 8.89 | 55,369 | 204,802 | 376,317 |
| 2024 | 339,247 | 39,652 | 33,680 | 7.84 | 55,022 | 263,705 | 453,475 |
| 2025 | 323,905 | 33,938 | 28,844 | 6.70 | 51,970 | 259,386 | 448,980 |
Fiscal years from the audited annual reports, oldest first. EBIT is the operating profit before interest and taxes; total assets are everything the company owns.
Assessment: Opportunities & Risks
Production rose from 3.7 (2023) through 4.3 (2024) to 4.7 million oil-equivalent barrels per day (2025) — by the company's own account the highest level in more than 40 years. The Permian Basin reached 1.6 million net barrels, Guyana 715 thousand gross barrels per day on average and more than 900 thousand in the first quarter of 2026.
As of March 31, 2026, shareholders' equity of $254,381 million stood against total debt of $43,537 million (December 31, 2025). Interest expense in 2025 was just $603 million against pre-tax income of $41,268 million. No solvency risk is apparent.
Net income ran from −$22,440 million (2020) through +$55,740 million (2022) to +$28,844 million (2025), and return on average equity from −12.9 through 30.7 to 11.0 percent. The company quantifies the cause itself: $1 of Brent equals roughly $700 million of annual after-tax earnings (10-K 2025, Market Risks).
After capital expenditure, $23,612 million was left in 2025; $37,504 million was distributed. The $13,892 million gap was covered from cash ($23,187m to $10,681m) and debt. Net debt to capital rose from 4.5 percent (2023) through 6.5 percent (2024) to 11.0 percent (2025).
Proved reserves of 19,311 million oil-equivalent barrels (December 31, 2025), roughly ten years of production, 36 percent of them undeveloped. In 2025, additions of 2.2 billion barrels met downward revisions of 0.9 billion. Asset retirement obligations were $12,518 million, expressly not measurable for manufacturing sites.
The Pioneer acquisition of May 3, 2024 cost 545 million of the company's own shares (fair value $63 billion) with goodwill of only $1 billion — expensive, but backed by substance. The redomiciliation to Texas effective July 1, 2026 passed with 71.2 percent in favour; 28.8 percent of votes cast were against (Form 8-K of May 29, 2026).
ExxonMobil produced more in 2025 than in any year for over four decades and pulled $51,970 million from operations — yet earned only half of what it made in the record year 2022, because its realized Brent price fell from $82.62 to $69.06 per barrel. The company quantifies that dependency itself at roughly $700 million of annual earnings per dollar of price. At the same time, 2025 distributions ran $13,892 million above what was left after capital expenditure, funded from cash and debt. Not investment advice.
- Origin: survey of the 100 largest U.S. stocks by market capitalization as of July 28, 2026. ExxonMobil ranked 16th and had no analysis. Not a scanner hit.
- Data basis: Form 10-Q for the quarter ended March 31, 2026 (filed May 4, 2026), Forms 10-K for 2025 and 2022, Form 8-K of May 1, 2026, Form 8-K of July 7, 2026 (Exhibit 99.1). Fundamental data as of July 29, 2026.
- Filer number caution: reports through the first quarter of 2026 sit with the SEC under CIK 0000034088 (Exxon Mobil Corporation, New Jersey); newer filings under CIK 0002115436 (ExxonMobil Holdings Corporation, Texas). The XOM ticker and the NYSE listing were unchanged.
- The Form 25-NSE of July 2, 2026 concerns the predecessor's common stock and follows from the share exchange; it is not a delisting signal.
- Peak-earnings note: ExxonMobil is a cyclical business. Earnings, cash flow and return on equity are shown here across the full 2020 to 2025 cycle. Price scenarios appear solely as the sensitivity published by the company itself, not as a forecast of our own.
About the Company
Exxon Mobil Corporation betreibt die Exploration und Förderung von Rohöl und Erdgas in den USA, Kanada und international. Das Unternehmen ist in den Segmenten Upstream, Energy Products, Chemical Products und Specialty Products tätig.
| Employees | 57,900 |
|---|---|
| Headquarters | Spring, TX |
| Address | 22777 Springwoods Village Parkway, 77389-1425 Spring, United States |
| Phone | 972-940-6000 |
| Website | corporate.exxonmobil.com |
| IPO Date | 13. Jan 1978 |
| ISIN | US30233Q1085 |
| Stock Split | 2:1 on 07/19/2001 |
Management
| Name | Title | Birth Year |
|---|---|---|
| Jon M. Gibbs | Senior President of ExxonMobil Global Operations | 1972 |
| James R. Chapman | President & Treasurer | 1970 |
| Susan E. Buchanan | VP, Chief Accounting Officer & Controller | 1982 |
| Jeffrey A. Taylor J.D. | VP, General Counsel & Secretary | 1965 |
| Inge A. Van Coppenolle | Vice President of Human Resources | – |
| Tracey C. Gunnlaugsson | President of Global Trading | – |
| Staale Gjervik | President of ExxonMobil Global Projects Company | 1974 |
| Barton P. Cahir | Senior Vice President | 1973 |
| Daniel L. Ammann | VP & President of ExxonMobil Upstream Company | 1972 |
| Barry L. Engle II | VP & President of Low Carbon Solutions | 1964 |
Executives per the latest required filings; titles kept in their original language. Source: fundamental data.
Chart
Interactive price chart (TradingView).
Data as of: July 31, 2026 · Source: fundamental data & SEC filings (annual and quarterly reports, 10-K/10-Q)
Note: pure fact-based analysis, not investment advice and not a solicitation to buy or sell. All figures without guarantee.