Stock Analysis on Net
Stock Analysis on Net

Exxon Mobil Corp. (NYSE:XOM)

Common Stock Valuation Ratios (Price Multiples)
Quarterly Data

Beginner level

Valuation ratios measure the quantity of an asset or flaw (e.g., earnings) associated with ownership of a specified claim (e.g., a share of ownership of the enterprise).


Historical Valuation Ratios (Summary)

Exxon Mobil Corp., historical price multiples (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
Price to earnings (P/E) 25.86 16.34 15.64 20.65 16.83 17.64 16.15 15.14 16.15 15.92 16.28 27.31 29.21 34.90 42.80 38.80 34.45 28.01 20.96
Price to operating profit (P/OP) 44.02 20.32 17.57 20.01 16.03 16.38 15.21 18.41 21.32 24.53 26.58 43.10 59.66 76.21 358.52 103.99 59.71 39.53 26.28
Price to sales (P/S) 0.87 0.75 0.88 1.16 1.10 1.19 1.20 1.26 1.29 1.32 1.35 1.55 1.51 1.54 1.54 1.59 1.60 1.51 1.30
Price to book value (P/BV) 1.03 1.02 1.17 1.59 1.56 1.71 1.75 1.85 1.81 1.72 1.71 1.95 1.91 1.98 2.01 2.03 2.13 2.12 1.98 2.10 1.86 2.15

Based on: 10-Q (filing date: 2020-08-05), 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-26), 10-Q (filing date: 2019-11-06), 10-Q (filing date: 2019-08-07), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-27), 10-Q (filing date: 2018-11-07), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-28), 10-Q (filing date: 2017-11-01), 10-Q (filing date: 2017-08-02), 10-Q (filing date: 2017-05-03), 10-K (filing date: 2017-02-22), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-03), 10-Q (filing date: 2016-05-04), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-11-04), 10-Q (filing date: 2015-08-05), 10-Q (filing date: 2015-05-06).

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Exxon Mobil Corp.’s P/E ratio increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Exxon Mobil Corp.’s P/OP ratio increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Exxon Mobil Corp.’s P/S ratio decreased from Q4 2019 to Q1 2020 but then increased from Q1 2020 to Q2 2020 not reaching Q4 2019 level.
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company’s required rate of return and its actual rate of return. Exxon Mobil Corp.’s P/BV ratio decreased from Q4 2019 to Q1 2020 but then slightly increased from Q1 2020 to Q2 2020.

Price to Earnings (P/E)

Exxon Mobil Corp., historical P/E calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
No. shares of common stock outstanding1 4,228,233,288 4,228,211,252 4,232,190,744 4,231,106,066 4,231,106,294 4,231,093,914 4,234,802,431 4,233,807,170 4,233,810,348 4,233,834,437 4,237,462,159 4,237,106,077 4,237,105,828 4,237,265,503 4,146,513,819 4,146,693,326 4,146,650,051 4,146,611,352 4,152,756,609 4,162,938,512 4,169,448,719 4,181,108,290
Selected Financial Data (US$)
Net income (loss) attributable to ExxonMobil (in millions) (1,080) (610) 5,690  3,170  3,130  2,350  6,000  6,240  3,950  4,650  8,380  3,970  3,350  4,010  1,680  2,650  1,700  1,810  2,780  4,240  4,190  4,940 
Earnings per share (EPS)2 1.70 2.69 3.39 3.46 4.19 4.38 4.92 5.48 4.95 4.81 4.65 3.07 2.76 2.37 1.89 2.16 2.54 3.14 3.89 0.00 0.00 0.00
Share price1, 3 43.85 43.99 53.01 71.49 70.50 77.29 79.47 83.03 79.91 76.54 75.74 83.87 80.60 82.70 80.93 83.66 87.49 87.94 81.52 85.98 77.17 88.19
Valuation Ratio
P/E ratio4 25.86 16.34 15.64 20.65 16.83 17.64 16.15 15.14 16.15 15.92 16.28 27.31 29.21 34.90 42.80 38.80 34.45 28.01 20.96
Benchmarks
P/E Ratio, Competitors5
Chevron Corp. 43.40 70.06 17.38 15.35 16.02 15.30 16.06 19.58 23.72 22.83 33.71 35.57 68.24 147.60 35.02
ConocoPhillips 17.58 12.13 8.77 7.27 9.14 9.62 12.60 13.41 18.53

Based on: 10-Q (filing date: 2020-08-05), 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-26), 10-Q (filing date: 2019-11-06), 10-Q (filing date: 2019-08-07), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-27), 10-Q (filing date: 2018-11-07), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-28), 10-Q (filing date: 2017-11-01), 10-Q (filing date: 2017-08-02), 10-Q (filing date: 2017-05-03), 10-K (filing date: 2017-02-22), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-03), 10-Q (filing date: 2016-05-04), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-11-04), 10-Q (filing date: 2015-08-05), 10-Q (filing date: 2015-05-06).

1 Data adjusted for splits and stock dividends.

2 Q2 2020 Calculation
EPS = (Net income (loss) attributable to ExxonMobilQ2 2020 + Net income (loss) attributable to ExxonMobilQ1 2020 + Net income (loss) attributable to ExxonMobilQ4 2019 + Net income (loss) attributable to ExxonMobilQ3 2019) ÷ No. shares of common stock outstanding
= (-1,080,000,000 + -610,000,000 + 5,690,000,000 + 3,170,000,000) ÷ 4,228,233,288 = 1.70

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

4 Q2 2020 Calculation
P/E ratio = Share price ÷ EPS
= 43.85 ÷ 1.70 = 25.86

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/E ratio The P/E ratio tells analyst how much an investor in common stock pays per dollar of current earnings. Exxon Mobil Corp.’s P/E ratio increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Price to Operating Profit (P/OP)

Exxon Mobil Corp., historical P/OP calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
No. shares of common stock outstanding1 4,228,233,288 4,228,211,252 4,232,190,744 4,231,106,066 4,231,106,294 4,231,093,914 4,234,802,431 4,233,807,170 4,233,810,348 4,233,834,437 4,237,462,159 4,237,106,077 4,237,105,828 4,237,265,503 4,146,513,819 4,146,693,326 4,146,650,051 4,146,611,352 4,152,756,609 4,162,938,512 4,169,448,719 4,181,108,290
Selected Financial Data (US$)
Operating income (loss) (in millions) (1,380) (764) 2,673  3,683  3,561  2,849  5,027  7,169  4,922  5,006  2,000  3,944  2,263  3,867  (1,828) 1,422  1,137  205  572  4,162  4,286  3,863 
Operating profit per share2 1.00 2.16 3.02 3.57 4.40 4.72 5.22 4.51 3.75 3.12 2.85 1.95 1.35 1.09 0.23 0.80 1.47 2.22 3.10 0.00 0.00 0.00
Share price1, 3 43.85 43.99 53.01 71.49 70.50 77.29 79.47 83.03 79.91 76.54 75.74 83.87 80.60 82.70 80.93 83.66 87.49 87.94 81.52 85.98 77.17 88.19
Valuation Ratio
P/OP ratio4 44.02 20.32 17.57 20.01 16.03 16.38 15.21 18.41 21.32 24.53 26.58 43.10 59.66 76.21 358.52 103.99 59.71 39.53 26.28
Benchmarks
P/OP Ratio, Competitors5
Chevron Corp. 2,048.65 17.34 15.68 15.61 15.70 19.70 30.41 51.05 84.64 171.67 190.60
ConocoPhillips 30.94 10.48 9.96 8.19 7.75 7.90 9.00 10.70 15.13

Based on: 10-Q (filing date: 2020-08-05), 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-26), 10-Q (filing date: 2019-11-06), 10-Q (filing date: 2019-08-07), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-27), 10-Q (filing date: 2018-11-07), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-28), 10-Q (filing date: 2017-11-01), 10-Q (filing date: 2017-08-02), 10-Q (filing date: 2017-05-03), 10-K (filing date: 2017-02-22), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-03), 10-Q (filing date: 2016-05-04), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-11-04), 10-Q (filing date: 2015-08-05), 10-Q (filing date: 2015-05-06).

1 Data adjusted for splits and stock dividends.

2 Q2 2020 Calculation
Operating profit per share = (Operating income (loss)Q2 2020 + Operating income (loss)Q1 2020 + Operating income (loss)Q4 2019 + Operating income (loss)Q3 2019) ÷ No. shares of common stock outstanding
= (-1,380,000,000 + -764,000,000 + 2,673,000,000 + 3,683,000,000) ÷ 4,228,233,288 = 1.00

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

4 Q2 2020 Calculation
P/OP ratio = Share price ÷ Operating profit per share
= 43.85 ÷ 1.00 = 44.02

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/OP ratio Because P/E ratio is calculated using net income, the ratio can be sensitive to nonrecurring earnings and capital structure, analysts may use price to operating profit. Exxon Mobil Corp.’s P/OP ratio increased from Q4 2019 to Q1 2020 and from Q1 2020 to Q2 2020.

Price to Sales (P/S)

Exxon Mobil Corp., historical P/S calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
No. shares of common stock outstanding1 4,228,233,288 4,228,211,252 4,232,190,744 4,231,106,066 4,231,106,294 4,231,093,914 4,234,802,431 4,233,807,170 4,233,810,348 4,233,834,437 4,237,462,159 4,237,106,077 4,237,105,828 4,237,265,503 4,146,513,819 4,146,693,326 4,146,650,051 4,146,611,352 4,152,756,609 4,162,938,512 4,169,448,719 4,181,108,290
Selected Financial Data (US$)
Sales and other operating revenue (in millions) 32,277  55,134  63,024  63,422  67,491  61,646  68,253  74,187  71,456  65,436  66,901  58,551  55,236  56,474  58,376  56,767  56,360  47,105  57,691  65,679  71,360  64,758 
Sales per share2 50.58 58.91 60.39 61.64 64.19 65.12 65.96 65.66 61.96 58.13 55.97 53.96 53.54 53.80 52.72 52.55 54.70 58.32 62.49 0.00 0.00 0.00
Share price1, 3 43.85 43.99 53.01 71.49 70.50 77.29 79.47 83.03 79.91 76.54 75.74 83.87 80.60 82.70 80.93 83.66 87.49 87.94 81.52 85.98 77.17 88.19
Valuation Ratio
P/S ratio4 0.87 0.75 0.88 1.16 1.10 1.19 1.20 1.26 1.29 1.32 1.35 1.55 1.51 1.54 1.54 1.59 1.60 1.51 1.30
Benchmarks
P/S Ratio, Competitors5
Chevron Corp. 1.42 1.24 1.46 1.58 1.48 1.41 1.43 1.47 1.62 1.73 1.56 1.71 1.68 1.67 1.91 1.84 1.70 1.58 1.24
ConocoPhillips 1.66 1.48 1.94 1.75 1.80 1.88 2.16 2.30 2.61 2.53 2.21 2.20 1.98 2.18 2.51 2.33 2.05 2.07 1.38

Based on: 10-Q (filing date: 2020-08-05), 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-26), 10-Q (filing date: 2019-11-06), 10-Q (filing date: 2019-08-07), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-27), 10-Q (filing date: 2018-11-07), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-28), 10-Q (filing date: 2017-11-01), 10-Q (filing date: 2017-08-02), 10-Q (filing date: 2017-05-03), 10-K (filing date: 2017-02-22), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-03), 10-Q (filing date: 2016-05-04), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-11-04), 10-Q (filing date: 2015-08-05), 10-Q (filing date: 2015-05-06).

1 Data adjusted for splits and stock dividends.

2 Q2 2020 Calculation
Sales per share = (Sales and other operating revenueQ2 2020 + Sales and other operating revenueQ1 2020 + Sales and other operating revenueQ4 2019 + Sales and other operating revenueQ3 2019) ÷ No. shares of common stock outstanding
= (32,277,000,000 + 55,134,000,000 + 63,024,000,000 + 63,422,000,000) ÷ 4,228,233,288 = 50.58

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

4 Q2 2020 Calculation
P/S ratio = Share price ÷ Sales per share
= 43.85 ÷ 50.58 = 0.87

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/S ratio An rationale for the P/S ratio is that sales, as the top line in an income statement, are generally less subject to distortion or manipulation than other fundamentals such as EPS or book value. Sales are also more stable than earnings and never negative. Exxon Mobil Corp.’s P/S ratio decreased from Q4 2019 to Q1 2020 but then increased from Q1 2020 to Q2 2020 not reaching Q4 2019 level.

Price to Book Value (P/BV)

Exxon Mobil Corp., historical P/BV calculation (quarterly data)

Microsoft Excel LibreOffice Calc
Jun 30, 2020 Mar 31, 2020 Dec 31, 2019 Sep 30, 2019 Jun 30, 2019 Mar 31, 2019 Dec 31, 2018 Sep 30, 2018 Jun 30, 2018 Mar 31, 2018 Dec 31, 2017 Sep 30, 2017 Jun 30, 2017 Mar 31, 2017 Dec 31, 2016 Sep 30, 2016 Jun 30, 2016 Mar 31, 2016 Dec 31, 2015 Sep 30, 2015 Jun 30, 2015 Mar 31, 2015
No. shares of common stock outstanding1 4,228,233,288 4,228,211,252 4,232,190,744 4,231,106,066 4,231,106,294 4,231,093,914 4,234,802,431 4,233,807,170 4,233,810,348 4,233,834,437 4,237,462,159 4,237,106,077 4,237,105,828 4,237,265,503 4,146,513,819 4,146,693,326 4,146,650,051 4,146,611,352 4,152,756,609 4,162,938,512 4,169,448,719 4,181,108,290
Selected Financial Data (US$)
Total ExxonMobil share of equity (in millions) 180,183  182,079  191,650  189,915  191,377  191,222  191,794  190,365  187,222  188,195  187,688  182,276  179,178  177,151  167,325  170,597  170,591  172,187  170,811  170,723  172,668  171,227 
Book value per share (BVPS)2 42.61 43.06 45.28 44.89 45.23 45.19 45.29 44.96 44.22 44.45 44.29 43.02 42.29 41.81 40.35 41.14 41.14 41.52 41.13 41.01 41.41 40.95
Share price1, 3 43.85 43.99 53.01 71.49 70.50 77.29 79.47 83.03 79.91 76.54 75.74 83.87 80.60 82.70 80.93 83.66 87.49 87.94 81.52 85.98 77.17 88.19
Valuation Ratio
P/BV ratio4 1.03 1.02 1.17 1.59 1.56 1.71 1.75 1.85 1.81 1.72 1.71 1.95 1.91 1.98 2.01 2.03 2.13 2.12 1.98 2.10 1.86 2.15
Benchmarks
P/BV Ratio, Competitors5
Chevron Corp. 1.21 1.17 1.42 1.48 1.45 1.43 1.47 1.49 1.56 1.60 1.42 1.49 1.42 1.35 1.44 1.36 1.29 1.27 1.05 1.14 1.02 1.30
ConocoPhillips 1.28 1.40 1.80 1.72 1.98 2.11 2.47 2.50 2.70 2.52 2.10 2.00 1.80 1.61 1.70 1.49 1.31 1.43 1.02 1.58 1.27 1.70

Based on: 10-Q (filing date: 2020-08-05), 10-Q (filing date: 2020-05-06), 10-K (filing date: 2020-02-26), 10-Q (filing date: 2019-11-06), 10-Q (filing date: 2019-08-07), 10-Q (filing date: 2019-05-02), 10-K (filing date: 2019-02-27), 10-Q (filing date: 2018-11-07), 10-Q (filing date: 2018-08-02), 10-Q (filing date: 2018-05-03), 10-K (filing date: 2018-02-28), 10-Q (filing date: 2017-11-01), 10-Q (filing date: 2017-08-02), 10-Q (filing date: 2017-05-03), 10-K (filing date: 2017-02-22), 10-Q (filing date: 2016-11-03), 10-Q (filing date: 2016-08-03), 10-Q (filing date: 2016-05-04), 10-K (filing date: 2016-02-24), 10-Q (filing date: 2015-11-04), 10-Q (filing date: 2015-08-05), 10-Q (filing date: 2015-05-06).

1 Data adjusted for splits and stock dividends.

2 Q2 2020 Calculation
BVPS = Total ExxonMobil share of equity ÷ No. shares of common stock outstanding
= 180,183,000,000 ÷ 4,228,233,288 = 42.61

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

4 Q2 2020 Calculation
P/BV ratio = Share price ÷ BVPS
= 43.85 ÷ 42.61 = 1.03

5 Click competitor name to see calculations.

Valuation ratio Description The company
P/BV ratio The P/BV ratio is interpreted as an indicator of market judgment about the relationship between a company’s required rate of return and its actual rate of return. Exxon Mobil Corp.’s P/BV ratio decreased from Q4 2019 to Q1 2020 but then slightly increased from Q1 2020 to Q2 2020.