XOM

EXXON MOBIL CORP

Energy • CIK: 0000034088

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Market Cap
$723.40B
P/E (TTM)
28.6x
Rev Growth (TTM)
-4.4%
Net Margin (TTM)
7.6%
FCF Yield (TTM)
2.6%
FCF Margin (TTM)
5.6%

LATEST EARNINGS

Q1 2026
17 days ago
View source
Revenue
$83.16B
Net Income
$4.47K
EPS
$1.00
-43.2%
Net
4.9% -4.4%
  • Earnings excluding identified items and estimated timing effects were $8.8 billion, an increase of $1.2 billion compared to the same period last year.
  • Upstream segment achieved record production in Guyana, setting a new quarterly production record of more than 900 thousand gross barrels of oil per day.
  • Achieved first LNG production from Golden Pass Train 1, increasing U.S. LNG exports by 5%.
  • Generated $8.7 billion in cash flow from operating activities (or $13.8 billion excluding margin postings).

Cash Flow Health

Free Cash Flow8/8 positive
TTM$18.8B
Q1 '26
$2.2B-57%
Q4 '25
$5.2B-14%
FCF Margin
TTM5.6%
Q1 '262.6%-59%
Sector: 7.6%Below Avg
OCF Margin14.3%
OCF/NI1.89x
CapEx Coverage1.6x
FCF Yield2.6%
FCF Growth (2Y)-31%
Cash Conversion Cycle
48 days
DSO: 48+DIO: 0DPO: 0

Capital Allocation & Returns

Shareholder Friendly
Total Shareholder YieldTTM
TTM5.2%
Div Yield2.4%
+
Buyback (TTM)2.8%

Strong capital returns to shareholders

Dividend & Payout Metrics
Dividend Yield (TTM)2.4%
FCF Payout Ratio91.7%
Free Cash Flow (TTM)$18.8B
Stock Repurchases (TTM)$20.3B
Capital Return / FCF199.9%
Est. Dividends Paid (TTM)$17.2B
Shows how management rewards shareholders

Operational Efficiency & Returns

Return on Invested CapitalTTM
8.4%
Stable
-0.0% YoY-5.7%
P25MedianP75
75th pctl (med: 0.1%)
DuPont BreakdownROIC = Margin × Turn × (1+D/E)
NOPAT Margin
7.8%
8Q: 9.3%
Asset Turnover
0.74x
8Q: 0.74x
Leverage (1+D/E)
1.19x
D/E: 0.19x
DuPont: 6.9%8.4% ROIC
Asset & CapEx Efficiency
Fixed Asset Turn
1.12x
8Q:1.14x
-22.3%
Invested Cap Turn
1.07x
8Q:1.07x
-13.7%
CapEx Intensity
9.3%
8Q:8.4%
CapEx/Depreciation
1.07x
Asset-based ROIC formula

QUARTERLY TRENDS

Last 8 quarters + TTM

MetricTTMQ1 2026Q4 2025Q3 2025Q2 2025Q1 2025Q4 2024Q3 2024Q2 2024
Revenue
$334.2B
$85.1B3.4%
$82.3B3.5%
$85.3B4.6%
$81.5B2.0%
$83.1B0.4%
$83.4B7.3%
$90.0B3.3%
$93.1B
Operating Income
$36.6B
$7.0B13.2%
$8.0B26.5%
$10.9B2.1%
$10.7B7.7%
$11.6B18.2%
$9.8B24.7%
$13.0B4.7%
$13.7B
Net Income
$25.3B
$4.2B35.7%
$6.5B13.9%
$7.5B6.6%
$7.1B8.2%
$7.7B1.4%
$7.6B11.6%
$8.6B6.8%
$9.2B
Operating Cash Flow
$47.7B
$8.7B31.3%
$12.7B14.3%
$14.8B28.0%
$11.6B10.8%
$13.0B5.9%
$12.2B30.4%
$17.6B66.4%
$10.6B
Free Cash Flow
$18.8B
$2.2B57.3%
$5.2B13.7%
$6.1B15.1%
$5.3B25.3%
$7.1B30.8%
$5.4B52.7%
$11.4B163.8%
$4.3B
Total Equity
N/A

Valuation Analysis

Fair Value
Price-to-EarningsTTM
28.6x
Volatile
8Q: 64.9x+7510%
Multiple expansion without fundamental improvement
Valuation Lenses
Earnings
28.6x
vs sector
Cash Flow
40.0x
EV/FCF vs
Growth-Adj
PEG
N/A
Quality-Adj
3.4P/E per %ROIC
ROIC: 8.4%
Shareholder Returns
Dividend
2.4%
Buyback
2.8%
Total Yield
5.2%
Market Cap$723.40B
EV$751.76B
Multi-angle valuation analysis with sector context

Business Quality & Moat

Overall Quality Score
75/100
High Quality

Composite score: Returns (40%) + Consistency (30%) + Earnings Quality (30%)

Returns on Capital

Return on Equity (ROE)Above Avg
9.7%
8Q:
Return on Invested Capital (ROIC)Top 25%
8.4%
8Q:
-5.7%
vs Sector:0.1%

DuPont Analysis (ROIC = NOPAT Margin × Asset Turnover)

NOPAT Margin: 7.8%
Asset Turnover: 0.74x

Earnings Quality

Cash Conversion

1.89x

OCF / Net Income

FCF Consistency

Positive quarters

Competitive Moat Indicators

Pricing Power

Gross Margin43.4%

Capital Efficiency

Invested Capital Turnover1.07x

Working Capital

Cash Conversion Cycle48 days

Growth Quality & Momentum

Low Quality
Growth Quality Score
36/100
Growth 40%
Margins 30%
FCF 20%
Consistency 10%

Growth Rates

Revenue Growth YoY
-4.4%
OpInc Growth YoY
-39.9%
EPS Growth YoY
-21.4%
FCF 3Y CAGR
-31.5%

Growth Quality Analysis

Working Capital Drag: FCF growth lagging revenue by 27.1%
Sustainability Index: 1.0/10 - Growth sustainability concerns

Margin Quality & Sustainability

Low Quality
Profitability Cascade
Gross
43.4%
Operating
11.0%
Above Avg in sector
Net
7.6%
Margins Unknown
Earnings Quality Signals
SBC / Revenue
FCF vs Net Gap
-2.0 pts
FCF: 5.6% | Net: 7.6%

Quality = stability + cash conversion + low dilution

Balance Sheet & Solvency

Solid
Net Debt / EBITDA
Net Debt: $39.23B
Interest Coverage
Leverage Metrics
Debt-to-Equity
0.19x
Balance sheet risk & solvency analysis