Morningstar Rating
Stock XNYS Rating as of
$110.76 −0.98(0.88%)
View Full ChartAs of Delayed Price Pre-Open:$111.36 +0.59
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Company Report
Company Report
OPEC+ Production Cut Extensions Send Clear Signal That Oil Markets Remain Oversupplied
Stephen Ellis
The complexity of OPEC’s meeting outcome from June 2 should not obscure our view that it continues to operate from a position of weakness in an oversupplied market, pointing to near-term oil price weakness. We anticipate oil prices are more likely to hit $70 a barrel (WTI) and perhaps below $65 by the end of 2024. OPEC has three separate cuts in progress at the moment, totaling 5.86 million barrels per day. A groupwide cut of about 2 million barrels per day was originally set to expire at the end of 2024 but was extended to the end of 2025. Similarly, a 1.7 million barrels per day voluntary cut by certain members was also extended to the end of 2025 from the end of 2024. Finally, a second 2.2 million barrels per day voluntary cut by certain members was extended in full for another quarter, as it was due to expire at the end of June, before gradually being phased out by September 2025. Undervalued options have been harder to find in the energy space recently, but we favor SLB, Enbridge, TC Energy, APA, and Exxon Mobil.
XOM is trading at a 55% premium.
Price
$110.76
Fair Value
$482.00
Uncertainty
High
- 1-Star Price
- $219.90
- 5-Star Price
- $92.10
- Economic Moat
- Bwpch
- Capital Allocation
- Twgxgvtkb
Bulls Say, Bears Say
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
News
- Nigeria Drops Challenge to Exxon Asset Sale, Bloomberg Reports
- Craig Morford to Retire as Vice President, General Counsel and Secretary; Jeff Taylor Elected as Vice President, General Counsel and Secretary
- Supreme Court Asks Biden Administration to Weigh in on Climate-Change Suit — OPIS
- Exxon Mobil's stock could fall behind its peers - so stop buying, analyst says
- LiTHOS Announces Execution of Letter of Intent for Technology to Launch TiERRA™ Re-Injection Service
- Exxon on Track for Worst Two-Day Stretch Since October 2023 — Data Talk
- These companies are expected to be the fastest -2-
Trading Information
Trading Information
- Previous Close Price
- $111.74
- Day Range
$110.76–112.70
- 52-Week Range
$95.77–123.75
- Bid/Ask
- $111.12/$111.47
- Market Cap
- $496.86 Bil
- Volume/Avg
- 1,708/17.9 Mil
Key Statistics
Key Statistics
- Price/Earnings (Normalized)
- 12.66
- Price/Sales
- 1.35
- Dividend Yield (Trailing)
- 3.39%
- Dividend Yield (Forward)
- 3.43%
- Total Yield
- 6.70%
Company Profile
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
- Website
- https://www.exxonmobil.com
Competitors
Competitors
- Shell PLC SHELL
- Chevron Corp CVX
- TotalEnergies SE ADR TTE
- BP PLC ADR BP
Valuation
Valuation
| Metric | XOM | SHELL | CVX |
|---|---|---|---|
Price/Earnings (Normalized) | 12.66 | 8.94 | 12.50 |
Price/Book Value | 2.13 | 1.23 | 1.77 |
Price/Sales | 1.35 | 0.79 | 1.49 |
Price/Cash Flow | 8.01 | 5.54 | 7.63 |
Price/Earnings
XOM
SHELL
CVX
Financial Strength
Financial Strength
| Metric | XOM | SHELL | CVX |
|---|---|---|---|
Quick Ratio | 1.02 | 0.99 | 0.81 |
Current Ratio | 1.38 | 1.42 | 1.23 |
Interest Coverage | 54.07 | 6.66 | 60.29 |
Quick Ratio
XOM
SHELL
CVX
Profitability
Profitability
| Metric | XOM | SHELL | CVX |
|---|---|---|---|
Return on Assets (Normalized) | 9.46% | 6.37% | 9.02% |
Return on Equity (Normalized) | 17.46% | 13.96% | 14.52% |
Return on Invested Capital (Normalized) | 14.30% | 9.93% | 12.92% |
Return on Assets
XOM
SHELL
CVX
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Oil & Gas Integrated Industry Comparables
Oil & Gas Integrated Industry Comparables
| 1-Day Chart | Name | Price | Morningstar Rating for Stocks | Capital Allocation | Economic Moat | Market Cap |
|---|---|---|---|---|---|---|
| Chevron Corp CVX | Dcbzhvwff | Sfvgs | $284.0 Bil | |||
| PetroChina Co Ltd Class H PCCYF | — | Gmm | $243.1 Bil | |||
| Shell PLC RYDAF | — | Hqt | $221.2 Bil | |||
| Shell PLC ADR (Representing - Ordinary Shares) SHEL | Bdyrhpvyy | Nfy | $221.2 Bil | |||
| TotalEnergies SE ADR TTE | Csvllwx | Jjbj | $152.7 Bil | |||
| BP PLC ADR BP | Mcqjvxxgm | Yzdc | $99.2 Bil | |||
| Petroleo Brasileiro SA Petrobras ADR PBR | Bqqbpcrl | Vfmz | $88.9 Bil | |||
| Equinor ASA ADR EQNR | Zrfzwhsgq | Kmz | $81.0 Bil | |||
| Eni SpA ADR E | Wgfnngl | Cnzn | $47.5 Bil |
