Stock Analysis on Net

Exxon Mobil Corp. (NYSE:XOM)

$24.99

Price to Earnings (P/E)
since 2005

Microsoft Excel

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Calculation

Exxon Mobil Corp., P/E, long-term trends, calculation

Microsoft Excel

Based on: 10-K (reporting date: 2025-12-31), 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$

2 Data adjusted for splits and stock dividends.

3 Closing price as at the filing date of Exxon Mobil Corp. Annual Report.


The price-to-earnings (P/E) ratio, calculated from share price and earnings per share, exhibits considerable fluctuation over the observed period. Initial values indicate a relatively stable P/E ratio in the early 2000s, followed by periods of both increase and decrease, influenced by changes in both stock price and earnings.

Early Period (2006-2008)
From 2006 to 2008, the P/E ratio demonstrated a gradual increase, moving from 10.03 to 11.78. This suggests a growing investor confidence, potentially driven by increasing earnings per share during this timeframe. The share price also increased during this period, contributing to the higher ratio.
Financial Crisis & Recovery (2009-2011)
A significant decline in the P/E ratio occurred in 2009, falling to 7.42, likely a consequence of the global financial crisis. Despite a subsequent increase in earnings per share, the P/E ratio remained relatively subdued in 2010 and 2011, peaking at 15.92 and then decreasing to 13.89. This suggests that while earnings recovered, investor sentiment remained cautious.
Mid-Range Fluctuations (2012-2016)
The P/E ratio fluctuated between approximately 8.94 and 20.96 between 2012 and 2016. A notable spike to 42.80 in 2016 is observed, coinciding with a substantial decrease in earnings per share. This indicates that the share price did not adjust downwards proportionally, resulting in a significantly elevated P/E ratio.
Recent Trends (2017-2025)
From 2017 through 2019, the P/E ratio stabilized in the range of 16.15 to 16.28. A sharp decrease to 8.01 occurred in 2022, driven by a substantial increase in earnings per share. The ratio then increased to 11.49 in 2023 and 14.21 in 2024. The most recent value, 21.77 in 2025, represents the highest P/E ratio observed in the period, potentially indicating increased investor optimism or a share price increase relative to earnings.

Overall, the P/E ratio demonstrates sensitivity to both earnings fluctuations and broader market conditions. The periods of significant change often correlate with economic events or shifts in company performance. The recent increase in the P/E ratio warrants further investigation to determine the underlying drivers of this trend.


Comparison to Competitors


Comparison to Sector (Oil, Gas & Consumable Fuels)


Comparison to Industry (Energy)