Stock Analysis on Net

Exxon Mobil Corp. (NYSE:XOM)

Market Value Added (MVA)

Microsoft Excel

Market value added (MVA) is the difference between a firm fair value and its invested capital. MVA is a measure of the value a company has created in excess of the resources already committed to the enterprise.


MVA

Exxon Mobil Corp., MVA calculation

US$ in millions

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Fair value of debt1 37,775 38,471 37,021 50,582 72,530
Operating lease liability 6,478 6,010 5,594 5,190 5,162
Market value of common equity 478,608 413,926 446,709 325,013 240,038
Noncontrolling interests 6,901 7,736 7,424 7,106 6,980
Market (fair) value of ExxonMobil 529,762 466,143 496,748 387,891 324,710
Less: Invested capital2 378,995 307,196 297,049 272,673 273,920
MVA 150,767 158,947 199,699 115,218 50,790

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).

1 Fair value of debt. See details »

2 Invested capital. See details »

Item Description The company
MVA Exxon Mobil Corp. market (fair) value less invested capital. Exxon Mobil Corp. MVA decreased from 2022 to 2023 and from 2023 to 2024.

MVA Spread Ratio

Exxon Mobil Corp., MVA spread ratio calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Market value added (MVA)1 150,767 158,947 199,699 115,218 50,790
Invested capital2 378,995 307,196 297,049 272,673 273,920
Performance Ratio
MVA spread ratio3 39.78% 51.74% 67.23% 42.25% 18.54%
Benchmarks
MVA Spread Ratio, Competitors4
Chevron Corp. 46.44% 47.11% 57.71% 54.49% 25.83%
ConocoPhillips 38.56% 83.41% 93.55% 86.17% 63.43%
Expand Energy Corp. 29.39% 9.10% 25.44% 34.64%
Occidental Petroleum Corp. 18.74% 37.27% 44.52% 34.32% 9.79%

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).

1 MVA. See details »

2 Invested capital. See details »

3 2024 Calculation
MVA spread ratio = 100 × MVA ÷ Invested capital
= 100 × 150,767 ÷ 378,995 = 39.78%

4 Click competitor name to see calculations.

Performance ratio Description The company
MVA spread ratio The ratio of MVA to invested capital. It measures the efficiency with which investors’ capital investment has translated into a franchise value and into an aggregate net present value premium. Exxon Mobil Corp. MVA spread ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

MVA Margin

Exxon Mobil Corp., MVA margin calculation, comparison to benchmarks

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Selected Financial Data (US$ in millions)
Market value added (MVA)1 150,767 158,947 199,699 115,218 50,790
Sales and other operating revenue 339,247 334,697 398,675 276,692 178,574
Performance Ratio
MVA margin2 44.44% 47.49% 50.09% 41.64% 28.44%
Benchmarks
MVA Margin, Competitors3
Chevron Corp. 50.04% 50.80% 51.99% 67.80% 53.96%
ConocoPhillips 74.93% 120.75% 90.01% 143.57% 171.77%
Expand Energy Corp. 157.47% 17.95% 19.79% 37.91%
Occidental Petroleum Corp. 46.91% 75.01% 68.42% 76.78% 34.78%

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).

1 MVA. See details »

2 2024 Calculation
MVA margin = 100 × MVA ÷ Sales and other operating revenue
= 100 × 150,767 ÷ 339,247 = 44.44%

3 Click competitor name to see calculations.

Performance ratio Description The company
MVA margin The ratio of MVA to sales. It measures how efficiently and prodigiously sales translate into franchise value. Exxon Mobil Corp. MVA margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024.