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Exxon Mobil Corp - Stock Quote XOM

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Morningstar's Exxon Mobil Corp Stock Analysis

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Is it the right time to buy or sell?

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INVESTOR

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Increasing Fair Value Estimate After Exxon Reiterates Growth Plans at Investor Day

Allen Good, CFA Sector Strategist

Business Strategy and Outlook

| Allen Good, CFA |

While many of its peers have announced intentions to divert investment toward renewables to achieve long-term carbon intensity reduction targets, Exxon remains committed to oil and gas. It has responded to calls to bring in more outside voices to its board and announced emission reduction targets. It is also investing in low-carbon technologies, but each of these efforts is measured and keeps oil and gas (LNG) production at the core. While its strategy is unlikely to win praise from environmentally oriented investors, we think it’s likely to prove more successful and, paradoxically, likely holds less risk.

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Key Statistics - XOM

Exxon Mobil Corp's Company Profile

Business Description

ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2021, it produced 2.3 million barrels of liquids and 8.5 billion cubic feet of natural gas per day. At the end of 2021, reserves were 18.5 billion barrels of oil equivalent, 66% of which were liquids. The company is the world's largest refiner with a total global refining capacity of 4.6 million barrels of oil per day and one of the world's largest manufacturers of commodity and specialty chemicals.

Contact
5959 Las Colinas Boulevard
Irving, TX, 75039-2298
T +1 972 940-6000
Sector Energy
Industry Oil & Gas Integrated
Most Recent Earnings Mar 31, 2022
Fiscal Year End Dec 31, 2022
Stock Type Hard Assets
Employees 63,000

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