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Exxon Mobil (XOM) Stock Fundamentals, Analysis & Risk Signals

Health score, competitive moat, risk signals, and key metrics at a glance.

NYSE•Energy•Oil & Gas Integrated
C
AverageMetricSide Score: 47/100
ProfitabilityProfit15/30
GrowthGrowth6/25
Balance SheetBalance13/25
Cash QualityCash13/20
Price & Volume
Market Cap $576.05B

Exxon Mobil Corporation engages in the exploration and production of crude oil and natural gas in the United States, Canada, and internationally. The company operates through Upstream, Energy Products, Chemical Products, and Specialty Products segments. Its Upstream segment explores for and produces crude oil and natural gas. The Energy Products segment offers fuels, aromatics, and catalysts, as well as licensing services. Its Chemical Products segment manufactures and sells olefins, polyolefins, and intermediates. The Specialty Products segment offers finished lubricants, basestocks, waxes, synthetics, elastomers, and resins. It is also involved in the manufacture, trade, transport, and sale of crude oil, natural gas, petroleum products, petrochemicals, and other specialty products; and pursuit of lower-emission and business opportunities, including carbon capture and storage, hydrogen, lower-emission fuels, Proxxima resin systems, carbon materials, low-carbon data center, and lithium. In addition, the company offers aviation fuel. It sells its products under the Exxon, Esso, and Mobil brands. Exxon Mobil Corporation was founded in 1870 and is headquartered in Spring, Texas.

Moat Signals

Competitive analysis based on 67 quarters of fundamental data

Pricing Power

Moderate Moat

Operating margins are positive at ~12.3% on average, but show some variability — pricing power may be sensitive to market conditions.

Competitive Advantage

Moderate Moat

ROE is positive at ~11.9% on average, adequate but below the threshold typically associated with wide moats.

Cash Generation

Moderate Moat

8 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.

Demand Durability

Weak Moat

Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.

Risk Signals

Data-driven red flags and warnings across 67 quarters

Some Concerns

Margin Pressure

Red Flag

Operating margins dropped 20.0% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.

Earnings Quality

Healthy

FCF covers net income by 0.8x on average — earnings are well-supported by cash generation.

Leverage Risk

Healthy

D/E ratio is 0.1 — conservative capital structure with low financial risk.

Revenue Decline

Red Flag

Revenue declined in 5 of the last 7 quarters — persistent contraction signals a fundamental problem.

Cash Burn

Healthy

Free cash flow is consistently positive — the business self-funds without external capital reliance.

Share Dilution

Healthy

Shares decreased 2.7% — net buybacks are reducing shares outstanding and boosting per-share value.

Metrics at a Glance

as of March 2026

Revenue & Profit

Revenue, EBITDA, operating income, net income, EPS, and shares

TTM Revenue
$334.25B
4.4%
Q. Revenue
$85.14B
TTM EBITDA
$63.70B
12.1%
TTM Op. Income
$36.63B
23.8%
Q. Op. Income
$6.97B
TTM Net Income
$25.31B
23.7%
Q. Net Income
$4.18B
EPS
$1
Shares Out.
$4.20B
3.9%
$334.25B in TTM revenue declined 4.4% YoY, reaching $85.14B last quarter. TTM EBITDA of $63.70B and TTM operating income of $36.63B shows growth is flowing through. Net income of $25.31B TTM confirms the company is converting revenue into profit. Revenue is contracting — assess whether this is cyclical or structural.

Margins

Gross, EBITDA, operating, and net margin trends

EBITDA Margin
16.1%
Op. Margin
8.2%
41.4%
Net Margin
4.9%
47.0%
Op. margin of 8.2% is down 5.8% YoY — costs are rising relative to revenue. Net margin at 4.9%.

Price Ratios

P/E, P/S, P/B, EV/EBITDA, FCF yield, and earnings yield

P/E Ratio
22.8x
P/S Ratio
1.7x
P/B Ratio
2.3x
At 22.8x P/E, the stock trades in line with market averages — fairly valued. P/S of 1.7x and P/B of 2.3x provide additional context. Assess whether the current multiple is justified by the company's growth and profitability trajectory.

Assets & Liabilities

Total assets, cash, debt, book value, and leverage

Total Assets
$464.41B
Cash
$8.44B
Long-Term Debt
$33.13B
Book Value
$254.38B
D/E Ratio
0.1
Debt/EBITDA
2.4
With $464.41B in assets and $33.13B in long-term debt, the D/E of 0.1and book value of $254.38B — shows a conservative capital structure — the company has a strong financial cushion to weather downturns.

Cash Flow

Operating cash flow, free cash flow, FCF margin, and earnings quality

Op. Cash Flow
$8.71B
Free Cash Flow
$2.23B
68.3%
FCF Margin
0.7%
FCF / Net Income
0.5
FCF of $2.23B on $8.71B in operating cash flow. The FCF / Net Income ratio of 0.1x indicates partial cash conversion — earnings quality needs attention.

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