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Report printed: 4/3/2019

Exxon Mobil
NYSE:XOM

SNOWFLAKE DESCRIPTION
6 star dividend payer with mediocre balance sheet. 

COMPANY DESCRIPTION
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/Other
Americas, Europe, Africa, Asia, and Australia/Oceania. The last earnings update was 34 days ago. More info.
XOM SHARE PRICE AND EVENTS

1M 3M 1Y 3Y 5Y Max

2015 2016 2017 2018 2019

Max: US$89.07

Min: US$72.81

Oct 17 Jan 18 Apr 18 Jul 18

ion Expansion Exec/Board Change Updated Guidance Strategic Alliance Earnings Update

Management Strategy Financial Dividend Other

7 DAY RETURNS  1 YEAR RETURNS

0.5%
NYSE:XOM
1.9%
US OIL AND GAS
2.3%
US MARKET
8.5%
NYSE:XOM
2.4%
US OIL AND GAS
9.4%
US MARKET

XOM SHAREHOLDER RETURN 1 YEAR RETURN VS INDUSTRY AND MARKET


  7 30 90 1 3 5 Year XOM outperformed the Oil and Gas industry which
Day Day Day Year Year returned 2.4% over the past year.
Exxon Mobil 0.5% 1.7% 16.8% 8.5% -1% -16.5%
(XOM)
US Oil and Gas 1.9% 1.9% 15.3% 2.4% 14.5% -24.2%
US Market 2.3% 1.7% 15.1% 9.4% 39.4% 46.7%
PRICE VOLATILITY

XOM
 
Industry

5YR VOLATILITY VS MARKET

RELATED COMPANIES

Chevron ConocoPhillips
NYSE:CVX NYSE:COP

Enterprise Products Partners


NYSE:EPD
VALUE
 Is Exxon Mobil undervalued based on future cash flows and its price relative to the stock market?

INTRINSIC VALUE BASED ON FUTURE CASH FLOWS 

Future cash
flow value $69.50
Undervalued About right Overvalued

Current
share price $81.38

 Raw Data

The current share price of Exxon Mobil is above its future cash flow value. 
PRICE RELATIVE TO MARKET 

PRICE BASED ON PAST EARNINGS PRICE BASED ON EXPECTED GROWTH

30x 2x

60x
0x

0x

4x
PE 16.7x PEG 3.6x
Oil and Gas Market XOM XOM

 Raw Data  Raw Data

Exxon Mobil is overvalued based on earnings Exxon Mobil is poor value based on expected
compared to the US Oil and Gas industry growth next year.
average.
Exxon Mobil is good value based on earnings
compared to the United States of America
market.

PRICE BASED ON VALUE OF ASSETS

10x
20x
0x

PB 1.8x
Oil and Gas Market XOM

 Raw Data

Exxon Mobil is overvalued based on assets


compared to the US Oil and Gas industry
average.
FUTURE PERFORMANCE
 How is Exxon Mobil expected to perform in the next 1 to 3 years based on estimates from 18 analysts?

4.7%
EARNINGS GROWTH VS LOW RISK SAVINGS 
Expected annual
growth in
Exxon Mobil's earnings growth is expected to
earnings. exceed the low risk savings rate of 2.7%.

GROWTH VS MARKET CHECKS 

Exxon Mobil's earnings growth is positive but


not above the United States of America market
average.
Exxon Mobil's revenue growth is positive but
not above the United States of America market
average.

ANNUAL GROWTH RATES COMPARISON

Exxon Mobil Oil and Gas Market Low risk savings

14.2%
10.3%
7.1%
4.7% 5.6%
2.3%

Earnings Growth Revenue Growth


 Raw Data
ANALYSTS GROWTH EXPECTATIONS
$400B

USD

Actual Estimated

$0
2015 2016 2017 2018 2019 2020 2021 2022

Revenue Cash Flow Earnings

 Raw Data

HIGH GROWTH CHECKS 

Exxon Mobil's earnings are expected to grow by 4.7% yearly, however this is not considered high
growth (20% yearly).
Exxon Mobil's revenue is expected to grow by 2.3% yearly, however this is not considered high
growth (20% yearly).
PAST AND FUTURE EARNINGS PER SHARE
$12.5

USD

$0
2015 2016 2017 2018 2019 2020 2021 2022 2023 2024

Historical Range of past estimates Analyst's Estimate Range of estimates

 Raw Data

PERFORMANCE IN 3 YEARS 

20.
0%
Exxon Mobil is not expected to efficiently use
shareholders’ funds in the future (Return on
Equity less than 20%).
+3 years
0.0%

10.9%
Return
on Equity
Oil and Gas Exxon Mobil
PAST PERFORMANCE
  How has Exxon Mobil performed over the past 5 years?

PAST EARNINGS GROWTH PAST EARNINGS GROWTH ANALYSIS 

Exxon Mobil's year on year earnings growth


Exxon Mobil Oil and Gas
Market
rate was negative over the past 5 years and the
53.8% most recent earnings are below average.
Exxon Mobil's 1-year earnings growth
26.5% exceeds its 5-year average (5.7% vs -16.4%)

12.1% Exxon Mobil's earnings growth has not


exceeded the US Oil and Gas industry average in
the past year (5.7% vs 53.8%).
-16.4%
Past 5 years Last 1 year

EARNINGS AND REVENUE HISTORY


$500B
USD

$0
2013 2014 2015 2016 2017 2018 2019

Revenue Earnings Operating Expenses

 Raw Data
PERFORMANCE LAST YEAR 

11% 6% 7%
Return Return Return
on Equity on Assets on Capital
Oil and Gas
Exxon Mobil

Exxon Mobil has not efficiently used shareholders’ funds last year (Return on Equity less than 20%).
Exxon Mobil used its assets less efficiently than the US Oil and Gas industry average last year
based on Return on Assets.
Exxon Mobil has significantly improved its use of capital last year versus 3 years ago (Return on
Capital Employed).
HEALTH
 How is Exxon Mobil's financial health and their level of debt?

NET WORTH 

Short term
Long term
$400B Net worth
USD

Net worth

$0
2012 2013 2014 2015 2016 2017 2018 2 Liabilities Assets

Exxon Mobil's short term (1 year) commitments are greater than its holdings of cash and other
short term assets.
Exxon Mobil's long term commitments exceed its cash and other short term assets.

BALANCE SHEET
ASSETS LIABILITIES AND SHARES
0. 5 0. 5

Long term +
Other Assets Other Liabilities

Physical Assets Shares

Cash + Short
term Accounts
Debt
Investments Payable
Inventory

High level of physical assets or inventory.


Debt is covered by short term assets, assets are 1.3x debt.

HISTORICAL DEBT 

$250B
USD

$0
2013 2014 2015 2016 2017 2018 2019

Debt Net worth (Equity) Cash

 Raw Data

Exxon Mobil's level of debt (19%) compared to net worth is satisfactory (less than 40%).
The level of debt compared to net worth has increased over the past 5 years (12.6% vs 19% today).
Debt is well covered by operating cash flow (95.3%, greater than 20% of total debt).
Interest payments on debt are well covered by earnings (EBIT is 28.1x coverage).
DIVIDENDS
 What is Exxon Mobil's current dividend yield, its reliability and sustainability?

ANNUAL DIVIDEND INCOME DIVIDEND AMOUNT 

4.03%
Exxon Mobil's pays a higher dividend yield
than the bottom 25% of dividend payers in United
States of America (1.45%).
Exxon Mobil's dividend is above the markets
top 25% of dividend payers in United States of
America (3.68%).

Current annual
income from
Exxon Mobil
dividends.
Estimated to be
4.27% next year.

ANNUALIZED HISTORICAL AND FUTURE DIVIDENDS


6% $6
4.40%

3.39%
DPS

2.10%

0% $0
2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022

XOM yield XOM annual DPS Oil and Gas Market

 Raw Data

Dividends per share have been stable in the past 10 years.


Dividends per share have increased over the past 10 years.
CURRENT PAYOUT TO SHAREHOLDERS  FUTURE PAYOUT TO SHAREHOLDERS 

Retained
Retained
Exxon Mo
Exxon M

66% 68%
Now +3 yrs

d to you
id to you

Dividends paid are covered by earnings (1.5x Dividends after 3 years are expected to be
coverage). covered by earnings (1.5x coverage).
MANAGEMENT
 What is the CEO of Exxon Mobil's salary, the management and board of directors tenure and is there insider trading?

CEO

Darren Woods
COMPENSATION $17,466,130
AGE 53
TENURE AS CEO 2.3 years

CEO BIO
Mr. Darren W. Woods has been the Chairman and Chief Executive Officer at Exxon Mobil Corporation
since January 1, 2017. Mr. Woods served as President of Exxon Mobil Corporation since January 1, 2016.
He served as Senior Vice President of Exxon Mobil Corporation since June 1, 2014 until January 1, 2016.
Mr. Woods served as a Vice President of Exxon Mobil Corporation from August 1, 2012 to May 31, 2014.
He served as the President of ExxonMobil Refining & Supply Company from August 1, 2012 to July 31,
2014. He served as Vice President of Supply & Transportation at ExxonMobil Refining & Supply
Company from 2010 to July 2012. Mr. Woods served as Vice President of Adhesion Industry Global
Business Unit at ExxonMobil Chemical Company, Inc. since 2005 and its vice president for Specialty
Elastomers since 2007. He joined Exxon Company International in 1992 and had assignments in
planning, supply and new business development at Exxon Company International headquarters in
New Jersey before moving to the United Kingdom in 1995, where he held positions in refinery
operations, retail and supply and distribution. In 2001, he became manager of Investor Relations
atExxon Mobil Corporation and in 2002 became manager of Joliet refinery outside Chicago, IL. He was
appointed as director of refining for Europe, Africa and the Middle East for ExxonMobil Refining &
Supply Company in 2008. He has been an Executive Director of Exxon Mobil Corporation since January
1, 2016. Mr. Woods served as a Non-Independent Director of Imperial Oil Ltd. since April 25, 2013 until
July 29, 2014. Mr. Woods served as a Director of Saudi Aramco Mobil Refinery Company Ltd. Mr. Woods
holds a Bachelor's Degree in Electrical Engineering from Texas A&M University and an Master's
Degree in Business Administration from Northwestern University's Kellogg School of Management.

CEO COMPENSATION 
$30M

$0M
2016 2017 2018

Total Compensation Salary Exxon Mobil's Earnings

Darren's compensation has been consistent with company performance over the past year.
Darren's remuneration is higher than average for companies of similar size in United States of
America.

MANAGEMENT TEAM TENURE BOARD OF DIRECTORS TENURE


Average tenure and age of the Exxon Mobil Average tenure and age of the Exxon Mobil
management team in years: board of directors in years:

2.3
AVERAGE TENURE
59
AVERAGE AGE
3.6
AVERAGE TENURE
64.5
AVERAGE AGE

The tenure for the Exxon Mobil management The tenure for the Exxon Mobil board of
team is about average. directors is about average.

MANAGEMENT TEAM BOARD OF DIRECTORS

Darren Woods Andy Swiger Darren Woods Sam Palmisano


TITLE TITLE TITLE TITLE
Chairman & CEO Senior VP & Principal Chairman & CEO Independent Non-
COMPENSATION Financial Officer COMPENSATION Executive Director
$17M COMPENSATION $17M COMPENSATION
AGE $11M AGE $347K
53 AGE 53 AGE
TENURE 61 TENURE 67
2.3 yrs TENURE 2.3 yrs TENURE
6.3 yrs 13.3 yrs

David Rosenthal Neil Hansen Ken Frazier Ursula Burns


TITLE TITLE TITLE TITLE
Principal Accounting VP of Investor Relations Independent Non- Independent Non-
Officer & Secretary Executive Director Executive Director
AGE TENURE COMPENSATION COMPENSATION
61 0.8 yrs $337K $343K
AGE AGE

Randall Ebner Tracey 63 59


TITLE Gunnlaugsson TENURE TENURE
VP & General Counsel TITLE 9.9 yrs 6.4 yrs
AGE Vice President of Human
62 Resources Bray Braly Steve Reinemund
TENURE TENURE TITLE TITLE
2.4 yrs 0.7 yrs Director Presiding Director
COMPENSATION COMPENSATION
$337K $347K
Neil Chapman Jack Williams AGE AGE
TITLE TITLE
Senior Vice President Senior Vice President 57 70
AGE AGE TENURE TENURE

56 54 2.9 yrs 3.3 yrs


TENURE TENURE
1.3 yrs 4.8 yrs William Weldon Doug Oberhelman
TITLE TITLE
Independent Non- Independent Non-
Emma Cochrane Sara Ortwein
TITLE TITLE Executive Director Executive Director
Senior Vice President President of XTO Energy COMPENSATION COMPENSATION

Inc $337K $337K


AGE AGE AGE

59 69 64
TENURE TENURE TENURE

2.4 yrs 5.9 yrs 3.9 yrs

Susan Avery Steve Kandarian


TITLE TITLE
Director Director
COMPENSATION AGE
$767K 65
AGE TENURE
68 1.2 yrs
TENURE
2.2 yrs

WHO OWNS THIS COMPANY?

General
Public Institutions

Private Companies Individual Insiders General Public Institutions


RECENT INSIDER TRADING 

0-3 months

3-6 months 



6-9 months 
9-12 months

SOLD BOUGHT
Sold by companies Sold by individuals Bought by companies Bought by individuals

No 3 month insider trading information.

RECENT INSIDER TRANSACTIONS


Announced Type Name Entity Role Start End Shares Max Price ($) Value ($)
19. Dec 18 Sell Bradley Corson Individual 19. Dec 18 19. Dec 18 -15,000 $72.84 $-1,092,527
14. Dec 18 Sell Neil Hansen Individual 14. Dec 18 14. Dec 18 -2,798 $76.81 $-214,914
12. Dec 18 Sell John Verity Individual 11. Dec 18 11. Dec 18 -15,850 $76.94 $-1,219,559
06. Dec 18 Sell David Rosenthal Individual  04. Dec 18 04. Dec 18 -7,562 $81.24 $-614,337
30. Nov 18 Sell Theodore Wojnar Individual 30. Nov 18 30. Nov 18 -9,658 $78.41 $-757,284
30. Nov 18 Sell Robert Schleckser Individual 30. Nov 18 30. Nov 18 -7,855 $78.91 $-619,861
30. Nov 18 Sell James Spellings Individual 30. Nov 18 30. Nov 18 -9,522 $78.41 $-746,620
21. Sep 18 Sell Bradley Corson Individual 19. Sep 18 19. Sep 18 -15,000 $84.02 $-1,260,344
NEWS

SIMPLY WALL ST NEWS

What Does Exxon Mobil Corporation's (NYSE:XOM) P/E Ratio Tell You?
Based on the last twelve months, Exxon Mobil's P/E ratio is 16.56. … How Do You Calculate Exxon Mobil's P/E Ratio … Price
to Earnings Ratio = Share Price ÷ Earnings per Share (EPS)

Simply Wall St - 2 days ago – Full article

Exxon Mobil Corporation (NYSE:XOM) Insiders Have Been Selling


So shareholders might well want to know whether insiders have been buying or selling shares in Exxon Mobil Corporation
(NYSE:XOM). … The Last 12 Months Of Insider Transactions At Exxon Mobil. … In total, Exxon Mobil insiders sold more than
they bought over the last year

Simply Wall St - 1 week ago – Full article

Can We See Significant Institutional Ownership On The Exxon Mobil Corporation (NYSE:XOM) Share Register?
If you want to know who really controls Exxon Mobil Corporation (NYSE:XOM), then you'll have to look at the makeup of its
share registry. … With a market capitalization of US$329b, Exxon Mobil is rather large. … Check out our latest analysis for
Exxon Mobil

Simply Wall St - 3 months ago – Full article

How Much Are Exxon Mobil Corporation (NYSE:XOM) Insiders Taking Off The Table?
We often see insiders buying up shares in companies that perform well over the long term. … So shareholders might well
want to know whether insiders have been buying or selling shares in Exxon Mobil Corporation (NYSE:XOM). … Exxon Mobil
I id T ti O Th L t Y
COMPANY INFO
DESCRIPTION
Exxon Mobil Corporation explores for and produces crude oil and natural gas in
the United States, Canada/Other Americas, Europe, Africa, Asia, and
Australia/Oceania. It operates through Upstream, Downstream, and Chemical
segments. The company is also involved in the manufacture, trade, transport,
and sale of crude oil, petroleum products, and other specialty products; and manufactures and
markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals. As
of December 31, 2018, it had approximately 24,696 net operated wells with proved reserves of 24.3
billion oil-equivalent barrels. The company was founded in 1870 and is headquartered in Irving, Texas.

DETAILS
Name: Exxon Mobil Corporation
Ticker: XOM
Exchange: NYSE
Founded: 1870
Market Cap: $344,628,221,834
Shares outstanding: 4,234,802,431
Website: http://corporate.exxonmobil.com
Address: Exxon Mobil Corporation
5959 Las Colinas Boulevard,
Irving,
Texas, 75039,
United States
LISTINGS
Exchange Ticker Security Exchange Country Currency Listed
Symbol Symbol on
 NYSE XOM Common Shares New York Stock Exchange US USD 02. Jan
1968
 DB XONA Common Shares Deutsche Boerse AG DE EUR 02. Jan
1968
 XTRA XONA Common Shares XETRA Trading Platform DE EUR 02. Jan
1968
 LSE 0R1M Common Shares London Stock Exchange GB USD 02. Jan
1968
 SWX XOM Common Shares SIX Swiss Exchange CH CHF 02. Jan
1968
 WBAG XOM Common Shares Wiener Boerse AG AT EUR 02. Jan
1968
 SNSE XOM Common Shares Santiago Stock Exchange CL USD 02. Jan
1968
 BVC XOM Common Shares Bolsa de Valores de CO COP 02. Jan
Colombia 1968
 BMV XOM * Common Shares Bolsa Mexicana de MX MXN 02. Jan
Valores 1968
 BVL XOM Common Shares Bolsa de Valores de Lima PE USD 02. Jan
1968
BOVESPA EXXO34 BDR EACH REPR 1/4 COM Bolsa de Valores de Sao BR BRL 29. Dec
NPV Paulo 2011
BASE XOM CEDEAR EACH 5 REP 1 CAP Buenos Aires Stock AR ARS 11. Jan
NPV Exchange 2001
NUMBER OF EMPLOYEES CURRENT STAFF
100,000

71,000
2013 2014 2015 2016 2017 20182019 Exxon Mobil
employees.
Employees

INDUSTRY COMPANY ANALYSIS AND FINANCIAL DATA STATUS


Industry: Integrated Oil and Gas Area Date (UTC time)
Sector: Energy Company Analysis updated: 2019/04/02 23:36
End of day share price update: 2019/04/02 00:00
Last estimates confirmation: 2019/04/01
Last earnings filing: 2019/02/27
Last earnings reported: 2018/12/31
Last annual earnings reported: 2018/12/31

All dates and times in UTC. All financial data


provided by Standard & Poor’s Capital IQ.

Unless specified all financial data is based on a


yearly period but updated quarterly. This is
known as Trailing Twelve Month (TTM) or Last
Twelve Month (LTM) Data. Learn more here.
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