Stock Analysis on Net
Stock Analysis on Net
Microsoft Excel LibreOffice Calc

Exxon Mobil Corp. (NYSE:XOM)

Enterprise Value (EV)

Intermediate level

Current Enterprise Value (EV)

Exxon Mobil Corp., current enterprise value calculation

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Current share price (P) $56.07
No. shares of common stock outstanding 4,233,483,160
US$ in millions
Common equity (market value)1 237,371 
Add: Noncontrolling interests (per books) 6,980 
Total equity 244,351 
Add: Notes and loans payable (per books) 20,458 
Add: Long-term debt, excluding due within one year (per books) 47,182 
Total equity and debt 311,991 
Less: Cash and cash equivalents 4,364 
Enterprise value (EV) 307,627 

Based on: 10-K (filing date: 2021-02-24).

1 Common equity (market value) = Share price × No. shares of common stock outstanding
= 56.07 × 4,233,483,160

Historical Enterprise Value (EV)

Exxon Mobil Corp., EV calculation

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Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017 Dec 31, 2016
Share price1, 2 $56.70 $53.01 $79.47 $75.74 $80.93
No. shares of common stock outstanding1 4,233,483,160 4,232,190,744 4,234,802,431 4,237,462,159 4,146,513,819
US$ in millions
Common equity (market value)3 240,038  224,348  336,540  320,945  335,577 
Add: Noncontrolling interests (book value) 6,980  7,288  6,734  6,812  6,505 
Total equity 247,018  231,636  343,274  327,757  342,082 
Add: Notes and loans payable (book value) 20,458  20,578  17,258  17,930  13,830 
Add: Long-term debt, excluding due within one year (book value) 47,182  26,342  20,538  24,406  28,932 
Total equity and debt 314,658  278,556  381,070  370,093  384,844 
Less: Cash and cash equivalents 4,364  3,089  3,042  3,177  3,657 
Enterprise value (EV) 310,294  275,467  378,028  366,916  381,187 

Based on: 10-K (filing date: 2021-02-24), 10-K (filing date: 2020-02-26), 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-02-22).

1 Data adjusted for splits and stock dividends.

2 Closing price as at the filing date of Exxon Mobil Corp.’s Annual Report.

3 2020 Calculation
Common equity (market value) = Share price × No. shares of common stock outstanding
= 56.70 × 4,233,483,160

Item Description The company
EV Enterprise value is total company value (the market value of common equity, debt, and preferred equity) minus the value of cash and short-term investments. Exxon Mobil Corp.’s EV decreased from 2018 to 2019 but then slightly increased from 2019 to 2020.