Stock Analysis on Net
Stock Analysis on Net

Exxon Mobil Corp. (NYSE:XOM)

Price to FCFE (P/FCFE) 

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Free Cash Flow to Equity (FCFE)

Exxon Mobil Corp., FCFE calculation

US$ in millions

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12 months ended: Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Net income (loss) attributable to ExxonMobil 33,680 36,010 55,740 23,040 (22,440)
Net (income) loss attributable to noncontrolling interests 1,383 1,344 1,837 558 (811)
Net noncash charges 21,785 22,270 19,414 20,369 39,572
Changes in operational working capital, excluding cash and debt (1,826) (4,255) (194) 4,162 (1,653)
Net cash provided by operating activities 55,022 55,369 76,797 48,129 14,668
Additions to property, plant and equipment (24,306) (21,919) (18,407) (12,076) (17,282)
Additions to long-term debt 899 939 637 46 23,186
Reductions in long-term debt (1,150) (15) (5) (8) (8)
Additions to short-term debt — — 198 12,687 35,396
Reductions in short-term debt (4,743) (879) (8,075) (29,396) (28,742)
Additions (reductions) in debt with three months or less maturity (18) (284) 25 (2,983) (9,691)
Free cash flow to equity (FCFE) 25,704 33,211 51,170 16,399 17,527

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Item Description The company
FCFE Free cash flow to equity is the cash flow available to Exxon Mobil Corp. equity holders after all operating expenses, interest, and principal payments have been paid and necessary investments in working and fixed capital have been made. Exxon Mobil Corp. FCFE decreased from 2022 to 2023 and from 2023 to 2024.

Price to FCFE Ratio, Current

Exxon Mobil Corp., current P/FCFE calculation, comparison to benchmarks

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No. shares of common stock outstanding 4,339,143,313
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions) 25,704
FCFE per share 5.92
Current share price (P) 106.92
Valuation Ratio
P/FCFE 18.05
Benchmarks
P/FCFE, Competitors1
Chevron Corp. 13.04
ConocoPhillips 13.14
Expand Energy Corp. —
Occidental Petroleum Corp. 3.80
P/FCFE, Sector
Oil, Gas & Consumable Fuels 14.05
P/FCFE, Industry
Energy 13.87

Based on: 10-K (reporting date: 2024-12-31).

1 Click competitor name to see calculations.

If the company P/FCFE is lower then the P/FCFE of benchmark then company is relatively undervalued.
Otherwise, if the company P/FCFE is higher then the P/FCFE of benchmark then company is relatively overvalued.

Price to FCFE Ratio, Historical

Exxon Mobil Corp., historical P/FCFE calculation, comparison to benchmarks

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Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
No. shares of common stock outstanding1 4,339,143,313 3,967,844,307 4,070,984,988 4,233,592,429 4,233,483,160
Selected Financial Data (US$)
Free cash flow to equity (FCFE) (in millions)2 25,704 33,211 51,170 16,399 17,527
FCFE per share3 5.92 8.37 12.57 3.87 4.14
Share price1, 4 110.30 104.32 109.73 76.77 56.70
Valuation Ratio
P/FCFE5 18.62 12.46 8.73 19.82 13.70
Benchmarks
P/FCFE, Competitors6
Chevron Corp. 14.84 18.24 10.59 32.05 21.61
ConocoPhillips 14.39 11.74 8.93 10.61 497.58
Expand Energy Corp. — 5.39 3.05 24.23 —
Occidental Petroleum Corp. 4.67 8.44 18.76 66.22 —
P/FCFE, Sector
Oil, Gas & Consumable Fuels 15.12 13.12 9.38 20.48 20.23
P/FCFE, Industry
Energy 15.00 13.51 10.18 21.51 19.69

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

1 Data adjusted for splits and stock dividends.

2 See details »

3 2024 Calculation
FCFE per share = FCFE ÷ No. shares of common stock outstanding
= 25,704,000,000 ÷ 4,339,143,313 = 5.92

4 Closing price as at the filing date of Exxon Mobil Corp. Annual Report.

5 2024 Calculation
P/FCFE = Share price ÷ FCFE per share
= 110.30 ÷ 5.92 = 18.62

6 Click competitor name to see calculations.

Valuation ratio Description The company
P/FCFE Price to free cash flow to equity is cash valuation indicator of stockholders’ equity. Exxon Mobil Corp. P/FCFE ratio increased from 2022 to 2023 and from 2023 to 2024.