Exxon Mobil CorporationXOM
NYSE•Energy•Oil & Gas Integrated
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.
Exxon Mobil Corporation (XOM) reported trailing twelve months revenue of $334.25B as of March 2026, a 4.4% decline year-over-year. Quarterly revenue reached $85.14B, reflecting a contraction in sales.
Exxon Mobil Corporation generated $25.31B in TTM net income, with quarterly EBITDA of $13.74B. The operating margin contracted from 14.0% to 8.2%, suggesting rising cost pressures or pricing headwinds.
The spread between operating margin (8.2%) and net margin (4.9%) indicates tight cost control with minimal non-operating drag. Net margin has narrowed from 9.3% a year ago, reflecting increased costs or interest expense.
XOM trades at a P/E of 28.5x (in line with broad market averages) and a P/S of 2.2x. The price-to-book ratio of 2.8x reflects a moderate premium to book value.
The company generated $2.23B in free cash flow over the trailing twelve months, a 68.3% decrease year-over-year, indicating cash generation ability. The balance sheet shows $464.41B in total assets with $33.13B in long-term debt against $254.38B in stockholders equity for a debt-to-equity ratio of 0.1, a conservative capital structure. Data based on the most recent quarterly reports.
Competitive analysis based on 21 quarters of fundamental data
Operating margins are positive at ~12.3% on average, but show some variability — pricing power may be sensitive to market conditions.
ROE is positive at ~11.9% on average, adequate but below the threshold typically associated with wide moats.
8 of the last 8 quarters generated positive FCF. The company generally funds itself but has occasional cash consumption quarters.
Revenue has been flat or declining over recent quarters, which may indicate eroding demand or competitive pressure.
Data-driven red flags and warnings across 21 quarters
Operating margins dropped 20.0% over recent quarters — a sharp decline suggesting serious cost or pricing challenges.
FCF covers net income by 0.8x on average — earnings are well-supported by cash generation.
D/E ratio is 0.1 — conservative capital structure with low financial risk.
Revenue declined in 5 of the last 7 quarters — persistent contraction signals a fundamental problem.
Free cash flow is consistently positive — the business self-funds without external capital reliance.
Shares decreased 2.7% — net buybacks are reducing shares outstanding and boosting per-share value.
Quarterly standardized metrics.
Stock price and market valuation
Revenue and earnings growth across quarters
Assets, cash, debt, and leverage
Price multiples and return ratios
Operating efficiency and return metrics
Free cash flow, earnings quality, and capital allocation