Stock Analysis on Net

Exxon Mobil Corp. (NYSE:XOM)

$24.99

Debt to Equity
since 2005

Microsoft Excel

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Calculation

Exxon Mobil Corp., debt to equity, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).

1 US$ in millions


Notes, loans payable and long-term debt
The company's long-term debt exhibited a general upward trend from 2005 through 2015, increasing from approximately $7.99 billion to a peak of $42.76 billion. Afterward, there was a decline in debt levels observed in the subsequent years, reaching around $37.8 billion by 2018. However, the debt load rose again significantly in 2020, peaking at approximately $67.64 billion. More recent years show a decrease, stabilizing around $41.7 billion by 2024.
Total ExxonMobil share of equity
Shareholders’ equity showed an overall growth trend over the analyzed period. Starting at $111.2 billion in 2005, equity increased steadily to around $187.7 billion by 2017, with some fluctuations in intermediate years. Following a slight decline to $157.2 billion in 2020, equity rebounded strongly in the next years, reaching a high of $263.7 billion by 2024, indicating substantial growth in shareholder value.
Debt to equity ratio
The debt to equity ratio remained relatively low and stable from 2005 to 2012, fluctuating between 0.07 and 0.11, indicating a conservative capital structure with limited leverage. Post-2012, the ratio showed increased volatility and a rising trend, hitting a high of 0.43 in 2020, reflecting a significant increase in leverage, likely influenced by the substantial rise in debt levels that year. Subsequently, the ratio declined steadily, reaching 0.16 by 2024, suggesting a reduction in leverage and an emphasis on strengthening the equity base relative to debt.

Comparison to Competitors

Exxon Mobil Corp., debt to equity, long-term trends, comparison to competitors

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Sector (Oil, Gas & Consumable Fuels)

Exxon Mobil Corp., debt to equity, long-term trends, comparison to sector (oil, gas & consumable fuels)

Microsoft Excel

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).


Comparison to Industry (Energy)