Recent News
On August 1, 2025 ExxonMobil announced second-quarter 2025 results that beat estimates, reported record second-quarter Upstream production, declared a $0.99 third-quarter dividend, and reiterated capital-return plans including ongoing share repurchases and cost-savings targets. On October 7–8, 2025 Reuters reported Exxon in advanced discussions to re-enter Iraq and sign an agreement related to the Majnoon oilfield. On October 8, 2025 local reporting indicated Exxon halted its planned $10 billion Texas plastics plant project.
Technical Analysis
Directional indicators register ADX 16.47, which signals no established trend; DI+ at 28.42 shows a decreasing trend (bearish) while DI- at 22.87 shows an increasing trend (bearish). These directional readings currently favor sellers despite other momentum signals.
MACD reads 0.69 with a documented dip & reversal and a MACD signal at 0.85; the dip & reversal indicates a shift toward bullish momentum, yet MACD remains below its signal line so the momentum reversal lacks a confirmed crossover.
MRO stands at -7.57 with a dip & reversal; the negative MRO implies price sits below target and therefore carries potential to increase, and the dip & reversal reinforces near-term reversion pressure toward that target.
RSI at 55.44 with a dip & reversal suggests momentum moved up from a recent dip and now sits in the mid-range rather than an overbought zone, supporting modest upside if momentum continues.
Price closed at $114.26, trading above the 20-day average $113.72, 50-day average $110.94, and 200-day average $108.02, indicating short-to-intermediate strength; price sits near the upper Bollinger 1× band ($115.45), which may limit immediate upside without stronger participation.
Volume measured at 11,881,411 lags the 10/50/200-day averages, and the 42-day beta at -0.12 with a 52-week beta of 0.53 indicates subdued market sensitivity and lower realized volatility over those windows.
Fundamental Analysis
Profitability: EBIT registers $10.85B and EBITDA $16.95B. EBIT margin equals 13.65%, above the industry peer median (12.57%) but below the industry peer mean (17.77%). Margin contraction occurred QoQ at -6.26% and YoY at -11.85%, reflecting pressure on operating leverage and product margins.
Earnings & Cash Flow: Reported EPS reached $1.64 versus an estimate of $1.56, producing an EPS surprise of +5.13%. Operating cash flow stands at $11.55B and free cash flow totals $5.267B, producing a free cash flow yield of 1.14%. Free cash flow yield moved down QoQ by -24.18% but rose YoY by +30.16%.
Balance Sheet & Coverage: Cash on hand measures $14.35B against total debt $38.99B and net debt $24.64B. Debt-to-EBITDA reads 2.30 and interest coverage runs about 74.83×, leaving financial flexibility for ongoing distributions and capital investment.
Growth & Efficiency: Reported total revenue equals $79.48B with revenue growth of -1.95% and a year-over-year figure of -116.38%. Return on equity equals 2.70% and return on assets equals 1.58%, while asset turnover sits at 0.1767. Operating margin stands at 11.21% and contracted QoQ by -23.02% and YoY by -27.60%.
Valuation: Price multiples remain elevated: trailing PE ~66.84, forward PE ~54.72, price-to-book ~1.77, price-to-sales ~5.84, enterprise multiple ~28.83, and an enterprise-value-to-revenue ratio near 6.15. Given the combination of compressed margins, low free cash flow yield, and high multiples, WMDST values the stock as over-valued.
MOST-RECENT QUARTERLY REPORT
| REPORT PERIOD ENDING: | 2025-06-30 |
| REPORT DATE: | 2025-08-01 |
| NEXT REPORT DATE: | 2025-10-31 |
| CASH FLOW | Begin Period Cash Flow | $ 18.5 B |
| Operating Cash Flow | $ 11.6 B | |
| Capital Expenditures | $ -6.28 B | |
| Change In Working Capital | $ -3.97 B | |
| Dividends Paid | $ -4.29 B | |
| Cash Flow Delta | $ -2.80 B | |
| End Period Cash Flow | $ 15.7 B | |
| INCOME STATEMENT | REVENUE | |
| Total Revenue | $ 79.5 B | |
| Forward Revenue | $ 23.5 B | |
| COSTS | ||
| Cost Of Revenue | $ 61.5 B | |
| Depreciation | — | |
| Depreciation and Amortization | — | |
| Research and Development | — | |
| Total Operating Expenses | $ 70.6 B | |
| PROFITABILITY | ||
| Gross Profit | $ 17.9 B | |
| EBITDA | $ 17.0 B | |
| EBIT | $ 10.8 B | |
| Operating Income | $ 8.9 B | |
| Interest Income | — | |
| Interest Expense | $ 145.0 M | |
| Net Interest Income | $ -145.00 M | |
| Income Before Tax | $ 10.7 B | |
| Tax Provision | $ 3.4 B | |
| Tax Rate | 34.0 % | |
| Net Income | $ 7.1 B | |
| Net Income From Continuing Operations | $ 7.4 B | |
| EARNINGS | ||
| EPS Estimate | $ 1.56 | |
| EPS Actual | $ 1.64 | |
| EPS Difference | $ 0.08 | |
| EPS Surprise | 5.128 % | |
| Forward EPS | $ 1.97 | |
| BALANCE SHEET | ASSETS | |
| Total Assets | $ 447.6 B | |
| Intangible Assets | — | |
| Net Tangible Assets | $ 262.6 B | |
| Total Current Assets | $ 85.1 B | |
| Cash and Short-Term Investments | $ 14.4 B | |
| Cash | $ 14.4 B | |
| Net Receivables | $ 41.8 B | |
| Inventory | $ 25.4 B | |
| Long-Term Investments | $ 21.0 B | |
| LIABILITIES | ||
| Accounts Payable | $ 59.7 B | |
| Short-Term Debt | $ 5.4 B | |
| Total Current Liabilities | $ 68.2 B | |
| Net Debt | $ 24.6 B | |
| Total Debt | $ 39.0 B | |
| Total Liabilities | $ 177.6 B | |
| EQUITY | ||
| Total Equity | $ 262.6 B | |
| Retained Earnings | $ 477.1 B | |
| VALUATION & PER-SHARE METRICS | EQUITY & PER-SHARE METRICS | |
| Book Value Per-Share | $ 61.59 | |
| Shares Outstanding | 4.263 B | |
| Revenue Per-Share | $ 18.64 | |
| VALUATION | Market Capitalization | $ 464.1 B |
| Enterprise Value | $ 488.8 B | |
| Enterprise Multiple | 28.835 | |
| Enterprise Multiple QoQ | 2.64 % | |
| Enterprise Multiple YoY | 19.39 % | |
| Enterprise Multiple IPRWA | high: 75.659 mean: 30.604 XOM: 28.835 median: 26.203 low: -7.608 |
|
| EV/R | 6.15 | |
| CAPITAL STRUCTURE | ||
| Asset To Equity | 1.705 | |
| Asset To Liability | 2.52 | |
| Debt To Capital | 0.129 | |
| Debt To Assets | 0.087 | |
| Debt To Assets QoQ | 4.838 % | |
| Debt To Assets YoY | 506.193 % | |
| Debt To Assets IPRWA | high: 0.609 mean: 0.26 median: 0.256 XOM: 0.087 low: 0.002 |
|
| Debt To Equity | 0.148 | |
| Debt To Equity QoQ | 3.883 % | |
| Debt To Equity YoY | 501.865 % | |
| Debt To Equity IPRWA | high: 1.807 mean: 0.818 median: 0.701 XOM: 0.148 low: 0.002 |
|
| PRICE-BASED VALUATION | ||
| Price To Book (P/B) | 1.768 | |
| Price To Book QoQ | -1.474 % | |
| Price To Book YoY | -4.388 % | |
| Price To Book IPRWA | high: 3.756 XOM: 1.768 median: 1.764 mean: 1.511 low: 0.005 |
|
| Price To Earnings (P/E) | 66.836 | |
| Price To Earnings QoQ | 7.571 % | |
| Price To Earnings YoY | 28.068 % | |
| Price To Earnings IPRWA | high: 185.623 XOM: 66.836 mean: 49.481 median: 41.739 low: -96.671 |
|
| PE/G Ratio | -9.803 | |
| Price To Sales (P/S) | 5.84 | |
| Price To Sales QoQ | 0.438 % | |
| Price To Sales YoY | 5.911 % | |
| Price To Sales IPRWA | high: 30.921 median: 6.362 mean: 6.091 XOM: 5.84 low: 0.012 |
|
| FORWARD MULTIPLES | ||
| Forward P/E | 54.72 | |
| Forward PE/G | -8.026 | |
| Forward P/S | 19.723 | |
| EFFICIENCY | OPERATIONAL | |
| Operating Leverage | 4.148 | |
| ASSET & SALES | ||
| Asset Turnover Ratio | 0.177 | |
| Asset Turnover Ratio QoQ | -1.312 % | |
| Asset Turnover Ratio YoY | -17.656 % | |
| Asset Turnover Ratio IPRWA | high: 0.422 XOM: 0.177 median: 0.165 mean: 0.149 low: 0.002 |
|
| Receivables Turnover | 1.804 | |
| Receivables Turnover Ratio QoQ | -9.196 % | |
| Receivables Turnover Ratio YoY | -16.348 % | |
| Receivables Turnover Ratio IPRWA | high: 6.047 mean: 1.966 median: 1.816 XOM: 1.804 low: 0.322 |
|
| Inventory Turnover | 2.469 | |
| Inventory Turnover Ratio QoQ | -5.31 % | |
| Inventory Turnover Ratio YoY | -15.116 % | |
| Inventory Turnover Ratio IPRWA | high: 23.002 mean: 3.458 XOM: 2.469 median: 2.407 low: 0.051 |
|
| Days Sales Outstanding (DSO) | 50.572 | |
| CASH CYCLE | ||
| Cash Conversion Cycle Days (CCC) | -3.285 | |
| Cash Conversion Cycle Days QoQ | -137.981 % | |
| Cash Conversion Cycle Days YoY | -69.705 % | |
| Cash Conversion Cycle Days IPRWA | high: 82.233 median: 6.538 mean: 3.427 XOM: -3.285 low: -110.2 |
|
| CAPITAL DEPLOYMENT | ||
| Cash Conversion Ratio | 4.69 | |
| CapEx To Revenue | -0.079 | |
| CapEx To Depreciation | — | |
| CAPITAL, LIQUIDITY & COVERAGE | CAPITAL STRUCTURE | |
| Total Capital | $ 296.2 B | |
| Net Invested Capital | $ 301.6 B | |
| Invested Capital | $ 301.6 B | |
| Net Tangible Assets | $ 262.6 B | |
| Net Working Capital | $ 16.9 B | |
| LIQUIDITY | ||
| Cash Ratio | 0.211 | |
| Current Ratio | 1.249 | |
| Current Ratio QoQ | 1.044 % | |
| Current Ratio YoY | -8.189 % | |
| Current Ratio IPRWA | high: 5.453 XOM: 1.249 median: 1.214 mean: 1.19 low: 0.329 |
|
| Quick Ratio | 0.876 | |
| Quick Ratio QoQ | -3.071 % | |
| Quick Ratio YoY | -13.547 % | |
| Quick Ratio IPRWA | high: 3.791 mean: 0.948 median: 0.919 XOM: 0.876 low: 0.247 |
|
| COVERAGE & LEVERAGE | ||
| Debt To EBITDA | 2.3 | |
| Cost Of Debt | 0.26 % | |
| Interest Coverage Ratio | 74.828 | |
| Interest Coverage Ratio QoQ | 29.942 % | |
| Interest Coverage Ratio YoY | 45.51 % | |
| Interest Coverage Ratio IPRWA | XOM: 74.828 high: 22.447 mean: 6.959 median: 6.558 low: -6.198 |
|
| Operating Cash Flow Ratio | 0.094 | |
| TIMING / LIQUIDITY | ||
| Days Payables Outstanding (DPO) | 90.204 | |
| DIVIDENDS | ||
| Dividend Coverage Ratio | 1.652 | |
| Dividend Payout Ratio | 0.605 | |
| Dividend Rate | $ 1.01 | |
| Dividend Yield | 0.009 | |
| PERFORMANCE | GROWTH | |
| Asset Growth Rate | -0.954 % | |
| Revenue Growth | -1.95 % | |
| Revenue Growth QoQ | — | |
| Revenue Growth YoY | -116.376 % | |
| Revenue Growth IPRWA | high: 43.755 % XOM: -1.95 % median: -5.407 % mean: -5.502 % low: -35.032 % |
|
| Earnings Growth | -6.818 % | |
| Earnings Growth QoQ | -226.517 % | |
| Earnings Growth YoY | -275.586 % | |
| Earnings Growth IPRWA | high: 122.222 % XOM: -6.818 % median: -21.739 % mean: -27.489 % low: -180.0 % |
|
| MARGINS | ||
| Gross Margin | 22.581 % | |
| Gross Margin QoQ | -0.982 % | |
| Gross Margin YoY | 0.615 % | |
| Gross Margin IPRWA | high: 82.166 % median: 25.275 % mean: 25.25 % XOM: 22.581 % low: -39.892 % |
|
| EBIT Margin | 13.652 % | |
| EBIT Margin QoQ | -6.262 % | |
| EBIT Margin YoY | -11.849 % | |
| EBIT Margin IPRWA | high: 95.08 % mean: 17.77 % XOM: 13.652 % median: 12.566 % low: -39.515 % |
|
| Return On Sales (ROS) | 11.212 % | |
| Return On Sales QoQ | -23.016 % | |
| Return On Sales YoY | -27.604 % | |
| Return On Sales IPRWA | high: 90.781 % mean: 14.353 % XOM: 11.212 % median: 9.193 % low: -39.515 % |
|
| CASH FLOW | ||
| Free Cash Flow (FCF) | $ 5.3 B | |
| Free Cash Flow Yield | 1.135 % | |
| Free Cash Flow Yield QoQ | -24.182 % | |
| Free Cash Flow Yield YoY | 30.161 % | |
| Free Cash Flow Yield IPRWA | high: 8.634 % median: 1.559 % mean: 1.285 % XOM: 1.135 % low: -11.931 % |
|
| Free Cash Growth | -25.344 % | |
| Free Cash Growth QoQ | -182.174 % | |
| Free Cash Growth YoY | -53.837 % | |
| Free Cash Growth IPRWA | high: 300.833 % median: 0.315 % mean: -14.258 % XOM: -25.344 % low: -616.098 % |
|
| Free Cash To Net Income | 0.744 | |
| Cash Flow Margin | 8.1 % | |
| Cash Flow To Earnings | 0.909 | |
| VALUE & RETURNS | ||
| Economic Value Added | $ 0.04 | |
| Return On Assets (ROA) | 1.575 % | |
| Return On Assets QoQ | -7.57 % | |
| Return On Assets YoY | -28.539 % | |
| Return On Assets IPRWA | high: 4.797 % XOM: 1.575 % mean: 1.128 % median: 0.927 % low: -3.385 % |
|
| Return On Capital Employed (ROCE) | 2.86 % | |
| Return On Equity (ROE) | 0.027 | |
| Return On Equity QoQ | -8.14 % | |
| Return On Equity YoY | -21.667 % | |
| Return On Equity IPRWA | high: 0.111 mean: 0.029 XOM: 0.027 median: 0.025 low: -0.087 |
|
| DuPont ROE | 2.696 % | |
| Return On Invested Capital (ROIC) | 2.472 % | |
| Return On Invested Capital QoQ | -4.74 % | |
| Return On Invested Capital YoY | -105.332 % | |
| Return On Invested Capital IPRWA | high: 6.932 % mean: 2.66 % XOM: 2.472 % median: 2.301 % low: -4.078 % |
|