Net margin
8.7% Fiscal year 2025
Rank 35 of 100: higher than 35% of 237 peers (All). medium.
Rank 61 of 100: higher than 61% of 9 peers (Sector). medium.
Median Energy: 6.5%
Profit after all costs, interest and taxes divided by revenue.
About the company
ExxonMobil is an oil and gas company. It produces oil and natural gas, runs refineries and chemical plants and sells fuels and lubricants under brands such as Exxon, Esso and Mobil. Since July 2026 the company has had its legal seat in Texas. As of Oct 13, 2026
Fact sheet (from the annual report) Petroleum refining · Spring, USA
ExxonMobil explores for and produces crude oil and natural gas and makes petroleum products, petrochemicals and specialty products. The company was founded in 1882 in the state of New Jersey. It earns money from manufacturing, trading, transporting and selling these products in most countries of the world. It also pursues lower-emission and other new businesses, such as carbon capture and storage, hydrogen and ammonia, and lithium. Its brands and companies include Exxon, Esso, Mobil and XTO. Subsidiaries run their own research programs for these businesses.
Automatically summarized from SEC annual report (10-K, filed Feb 18, 2026) (website of the US Securities and Exchange Commission) · reviewed Oct 19, 2026
Price performance at a glance
Last 30 trading days
- Today −2.5%
- 7 days +1.2%
- 30 days +12.0%
- 1 year +55.2%
Day range (last trading day)
−0.1%Price at 3% of the range+2.8%
52-week range
−37.5%Price at 93% of the range+2.8%
- Distance from the all-time high
- −2.7%
Our own calculation from the exchange’s daily candles, as of Oct 27, 2026. “All-time” applies since the start of this series, not to the whole market. Changes in percent; the TradingView chart shows prices. “Today” = change of the last trading day versus the previous day. Not investment advice.
Fundamentals · Analysis method
Growth, margin and debt compared with the sector – in detail in the fundamental analysis further down. The chart shows the candles without a buy zone.
Growth: yellowMargin: yellowDebt: gray
Fundamental analysis
SEC filing (10-K, 10-Q)Required reports of listed companies to the US Securities and Exchange Commission (SEC): 10-K is the annual report, 10-Q the quarterly report, 20-F the annual report of foreign companies. We show the figures of the first filing.Example: 10-K for the fiscal year ending Sep 27, 2025, filed on Oct 31, 2025.More in the Academy: Lesson revenue, profit and marginExxonMobil · Sector Energy · amounts in USD
Information only – does not affect the other analysis methods, not investment advice. Source: SEC filings, As of Feb 18, 2026.
Quality checks
Four angles on the annual figures. Each check counts how many disclosed criteria are met – criteria without data do not count. The bars show where the company ranks on each figure among the stocks we cover and within its sector.
Fiscal year to Dec 31, 2025
Quality
Profitability, consistency, balance sheet · 2 without data
3 of 6 criteria met
Growth
Revenue and earnings per share · 1 without data
1 of 6 criteria met
Dividend
Level, consistency, coverage · 1 without data
6 of 6 criteria met
Financial strength
Piotroski, debt, liquidity · 1 without data
4 of 5 criteria met
Quality 3 of 6 met · 2 without data
- no data: Gross margin above 40% not stated in the SEC filings
- no data: Operating margin above 15% not stated in the SEC filings
- not met: Net margin above 10% 8.7%
- not met: Return on equity above 15% 11.1%
- not met: Free cash flow margin above 10% 7.1%
- met: Profit in each of the last 5 fiscal years 5 of 5
- met: Free cash flow positive in each of the last 3 fiscal years 3 of 3
- met: Equity ratio above 30% 57.8%
Return on equity
11.1% Fiscal year 2025
Rank 34 of 100: higher than 34% of 218 peers (All). medium.
Rank 39 of 100: higher than 39% of 9 peers (Sector). medium.
Median Energy: 12.4%
Net income divided by equity at fiscal year end.
Return on assets
6.4% Fiscal year 2025 (total assets at year end)
Rank 53 of 100: higher than 53% of 238 peers (All). medium.
Rank 72 of 100: higher than 72% of 9 peers (Sector). strong.
Median Energy: 4.8%
Net income divided by total assets at fiscal year end.
Equity ratio
57.8% Fiscal year 2025
Rank 79 of 100: higher than 79% of 239 peers (All). strong.
Rank 94 of 100: higher than 94% of 9 peers (Sector). strong.
Median Energy: 40.9%
Equity as a share of total assets. Usually low for banks.
Free cash flow margin
7.1% Fiscal year 2025
Rank 33 of 100: higher than 33% of 213 peers (All). medium.
Rank 30 of 100: higher than 30% of 5 peers (Sector). weak.
Median Energy: 8.4%
Free cash flow divided by revenue.
Free cash flow
23.6B USD Fiscal year 2025
Operating cash flow minus capital expenditure on property and equipment.
Growth 1 of 6 met · 1 without data
- not met: Over 3 years, revenue grew by more than 5% per year −7.0%
- met: Over 5 years, revenue grew by more than 5% per year +12.9%
- not met: Over 10 years, revenue grew by more than 5% per year +2.5%
- not met: Over 3 years, EPS grew by more than 5% per year −20.4%
- no data: Over 5 years, EPS grew by more than 5% per year not computable (loss in the first or last year, or figures missing)
- not met: Revenue rose in at least 4 of the last 5 fiscal years 3 of 5
- not met: Revenue rose in the last fiscal year −5.0%
Revenue growth 3 years
−7.0% per year
Rank 8 of 100: higher than 8% of 230 peers (All). weak.
Rank 72 of 100: higher than 72% of 9 peers (Sector). strong.
Median Energy: −8.2%
Average growth per year over 3 fiscal years.
Revenue growth 5 years
+12.9% per year
Rank 55 of 100: higher than 55% of 217 peers (All). medium.
Rank 28 of 100: higher than 28% of 9 peers (Sector). weak.
Median Energy: +13.7%
Average growth per year over 5 fiscal years.
Revenue growth 10 years
+2.5% per year
Rank 20 of 100: higher than 20% of 157 peers (All). weak.
Rank 19 of 100: higher than 19% of 8 peers (Sector). weak.
Median Energy: +4.1%
Average growth per year over 10 fiscal years.
EPS growth 3 years
−20.4% per year
Rank 10 of 100: higher than 10% of 157 peers (All). weak.
Rank 69 of 100: higher than 69% of 8 peers (Sector). strong.
Median Energy: −22.4%
Growth of earnings per share per year, adjusted for stock splits.
EPS growth 10 years
+5.7% per year
Rank 30 of 100: higher than 30% of 140 peers (All). weak.
Rank 50 of 100: higher than 50% of 5 peers (Sector). medium.
Median Energy: +5.7%
Growth of earnings per share per year, adjusted for stock splits.
Dividend 6 of 6 met · 1 without data
- met: Pays a dividend 4.00 USD
- met: Payout ratio at most 60% of earnings 60%
- met: Dividend paid in each of the last 5 fiscal years 5 of 5
- met: Dividend per share never lowered in the last 5 fiscal years Dividend per share as filed with the SEC, including special dividends; a one-off higher prior year does not count as a cut. never
- met: Dividend per share higher than 5 years ago +2.8%
- no data: Free cash flow per share covers the dividend not stated in the SEC filings
- met: Dividends paid over the last 5 years covered by free cash flow 43% of free cash flow
Payout ratio
60% Fiscal year 2025
Dividend per share divided by earnings per share.
Dividend growth 5 years
+2.8% per year
Rank 12 of 100: higher than 12% of 118 peers (All). weak.
Rank 6 of 100: higher than 6% of 8 peers (Sector). weak.
Median Energy: +5.7%
Growth of the dividend per share per year.
Financial strength 4 of 5 met · 1 without data
- not met: Piotroski F-Score at least 7 of 9 4 of 7 · 2 without data
- met: Long-term debt no higher than equity 0.13
- met: Current assets cover current liabilities 1.15
- met: Positive equity 259.4B USD
- no data: In 5 years, share count up by at most 5% no comparable share count 5 years ago
- met: Free cash flow positive in the last fiscal year 23.6B USD
Piotroski F-Score
4 of 7 Fiscal year 2025
No rank: not all 9 criteria have data.
Nine yes/no tests on profit, cash flow, debt, liquidity and efficiency compared with the prior year.
Debt / equity
0.13 at fiscal year end
Rank 84 of 100: lower than 84% of 199 peers (All). strong.
Rank 94 of 100: lower than 94% of 9 peers (Sector). strong.
Median Energy: 0.35
Long-term financial debt divided by equity.
Liquidity (current ratio)
1.15 at fiscal year end
Rank 37 of 100: higher than 37% of 215 peers (All). medium.
Rank 17 of 100: higher than 17% of 9 peers (Sector). weak.
Median Energy: 1.26
Current assets divided by current liabilities.
The 9 criteria of the Piotroski F-Score
- met: Profit in the last fiscal year (positive return on assets)
- met: Positive operating cash flow
- not met: Return on assets higher than the prior year
- met: Operating cash flow higher than net income
- met: Long-term debt relative to total assets fell
- not met: Liquidity (current assets / current liabilities) rose
- no data: No additional shares (diluted share count did not rise)
- no data: Gross margin higher than the prior year
- not met: Revenue relative to total assets higher than the prior year
Last fiscal year compared with the one before. Returns and revenue per total assets use total assets at the start of the year; leverage = long-term financial debt divided by total assets at year end; new shares via the average diluted share count.
Price-based criteria (P/E, dividend yield) are shown to signed-in users.
Computed automatically from SEC annual reports – not investment advice. Describes the reported figures; points are not a rating of the stock. Rank 0–100 against the 239 stocks we cover and against the sector (from 5 peers); the stronger side is always on the right.
In short
- Light yellow: Revenue grew over 5 years (+12.9% per year), more slowly than the sector median.
- Light yellow: Net margin 8.7%, below the sector median (11.0%).
- Light green: Debt not higher than usual in the sector.
- Light yellow: Profit in 9 of 10 fiscal years.
Summarized from the lights below. Describes the reported figures – not a recommendation to buy or sell.
- Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Revenue 218.6B USD · Net income 7.8B USD · Net margin 3.6%
- Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Revenue 237.2B USD · Net income 19.7B USD · Net margin 8.3%
- Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Revenue 279.3B USD · Net income 20.8B USD · Net margin 7.5%
- Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Revenue 264.9B USD · Net income 14.3B USD · Net margin 5.4%
- Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Revenue 181.5B USD · Net income −22.4B USD · Net margin −12.4%
- Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Revenue 285.6B USD · Net income 23.0B USD · Net margin 8.1%
- Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Revenue 413.7B USD · Net income 55.7B USD · Net margin 13.5%
- Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Revenue 344.6B USD · Net income 36.0B USD · Net margin 10.5%
- Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Revenue 349.6B USD · Net income 33.7B USD · Net margin 9.6%
- Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 332.2B USD · Net income 28.8B USD · Net margin 8.7%
- Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Revenue 90.8B USD · Net income 9.1B USD · Net margin 10.0%
- Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Revenue 84.3B USD · Net income 7.6B USD · Net margin 9.0% · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Revenue 83.1B USD · Net income 8.2B USD · Net margin 9.9%
- Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Revenue 93.1B USD · Net income 9.2B USD · Net margin 9.9%
- Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Revenue 90.0B USD · Net income 8.6B USD · Net margin 9.6%
- Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Revenue 83.4B USD · Net income 7.6B USD · Net margin 9.1% · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Revenue 83.1B USD · Net income 7.7B USD · Net margin 9.3%
- Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Revenue 81.5B USD · Net income 7.1B USD · Net margin 8.7%
- Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Revenue 85.3B USD · Net income 7.5B USD · Net margin 8.8%
- Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Revenue 82.3B USD · Net income 6.5B USD · Net margin 7.9% · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Revenue 85.1B USD · Net income 4.2B USD · Net margin 4.9%
- Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Revenue 116.0B USD · Net income 14.5B USD · Net margin 12.5%
- Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Earnings per share 1.88 USD
- Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Earnings per share 4.63 USD
- Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Earnings per share 4.88 USD
- Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Earnings per share 3.36 USD
- Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Earnings per share −5.25 USD
- Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Earnings per share 5.39 USD
- Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Earnings per share 13.26 USD
- Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Earnings per share 8.89 USD
- Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Earnings per share 7.84 USD
- Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Earnings per share 6.70 USD
- Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Earnings per share 2.25 USD
- Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Earnings per share not reported separately for Q4
- Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Earnings per share 2.06 USD
- Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Earnings per share 2.14 USD
- Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Earnings per share 1.92 USD
- Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Earnings per share not reported separately for Q4
- Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Earnings per share 1.76 USD
- Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Earnings per share 1.64 USD
- Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Earnings per share 1.76 USD
- Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Earnings per share not reported separately for Q4
- Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Earnings per share 1.00 USD
- Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Earnings per share 3.48 USD
- Fiscal year 2016 (Jan 1, 2016 – Dec 31, 2016): Dividend per share 2.98 USD · Payout ratio 158.5%
- Fiscal year 2017 (Jan 1, 2017 – Dec 31, 2017): Dividend per share 3.06 USD · Payout ratio 66.1%
- Fiscal year 2018 (Jan 1, 2018 – Dec 31, 2018): Dividend per share 3.23 USD · Payout ratio 66.2%
- Fiscal year 2019 (Jan 1, 2019 – Dec 31, 2019): Dividend per share 3.43 USD · Payout ratio 102.1%
- Fiscal year 2020 (Jan 1, 2020 – Dec 31, 2020): Dividend per share 3.48 USD · Payout ratio not available
- Fiscal year 2021 (Jan 1, 2021 – Dec 31, 2021): Dividend per share 3.49 USD · Payout ratio 64.7%
- Fiscal year 2022 (Jan 1, 2022 – Dec 31, 2022): Dividend per share 3.55 USD · Payout ratio 26.8%
- Fiscal year 2023 (Jan 1, 2023 – Dec 31, 2023): Dividend per share 3.68 USD · Payout ratio 41.4%
- Fiscal year 2024 (Jan 1, 2024 – Dec 31, 2024): Dividend per share 3.84 USD · Payout ratio 49.0%
- Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Dividend per share 4.00 USD · Payout ratio 59.7%
- Quarter Q3/23 (Jul 1, 2023 – Sep 30, 2023): Dividend per share 0.91 USD · Payout ratio 40.4%
- Quarter Q4/23 (Oct 1, 2023 – Dec 31, 2023): Dividend per share 0.95 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/24 (Jan 1, 2024 – Mar 31, 2024): Dividend per share 0.95 USD · Payout ratio 46.1%
- Quarter Q2/24 (Apr 1, 2024 – Jun 30, 2024): Dividend per share 0.95 USD · Payout ratio 44.4%
- Quarter Q3/24 (Jul 1, 2024 – Sep 30, 2024): Dividend per share 0.95 USD · Payout ratio 49.5%
- Quarter Q4/24 (Oct 1, 2024 – Dec 31, 2024): Dividend per share 0.99 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/25 (Jan 1, 2025 – Mar 31, 2025): Dividend per share 0.99 USD · Payout ratio 56.3%
- Quarter Q2/25 (Apr 1, 2025 – Jun 30, 2025): Dividend per share 0.99 USD · Payout ratio 60.4%
- Quarter Q3/25 (Jul 1, 2025 – Sep 30, 2025): Dividend per share 0.99 USD · Payout ratio 56.3%
- Quarter Q4/25 (Oct 1, 2025 – Dec 31, 2025): Dividend per share 1.03 USD · Payout ratio not available · Q4 derived (year minus 9 months), may be distorted by restatements
- Quarter Q1/26 (Jan 1, 2026 – Mar 31, 2026): Dividend per share 1.03 USD · Payout ratio 103.0%
- Quarter Q2/26 (Apr 1, 2026 – Jun 30, 2026): Dividend per share 1.03 USD · Payout ratio 29.6%
Fiscal year 2025 (Jan 1, 2025 – Dec 31, 2025): Revenue 332.2B USD · Net income 28.8B USD · Net margin 8.7%
Figures over time
Where the money of a fiscal year goes and how margins, returns, balance sheet, cash flow and share count developed over up to 10 years. Each chart has one sentence saying what the trend shows.
Money flow in fiscal year 2025
Of 100 USD of revenue, 8.7 USD net income remained.
Money flow as a table
| Item | Amount | of revenue |
|---|---|---|
| Revenue | 332.2B USD | 100.0% |
| Net income | 28.8B USD | 8.7% |
| Research & development | 1.2B USD | 0.4% |
| Interest expense | 603.0M USD | 0.2% |
| Taxes | 11.5B USD | 3.5% |
| Remaining costs & other | 290.1B USD | 87.3% |
Taxes, interest and other items are not available separately in the SEC data; they are combined as the difference.
Margins
The net margin rose in 5 years from −12.4% to 8.7%.
Net margin- Fiscal year 2016: Net margin 3.6%
- Fiscal year 2017: Net margin 8.3%
- Fiscal year 2018: Net margin 7.5%
- Fiscal year 2019: Net margin 5.4%
- Fiscal year 2020: Net margin −12.4%
- Fiscal year 2021: Net margin 8.1%
- Fiscal year 2022: Net margin 13.5%
- Fiscal year 2023: Net margin 10.5%
- Fiscal year 2024: Net margin 9.6%
- Fiscal year 2025: Net margin 8.7%
Returns
Return on equity rose in 5 years from −14.3% to 11.1%.
Return on equityReturn on assets- Fiscal year 2016: Return on equity 4.7% · Return on assets 2.4%
- Fiscal year 2017: Return on equity 10.5% · Return on assets 5.7%
- Fiscal year 2018: Return on equity 10.9% · Return on assets 6.0%
- Fiscal year 2019: Return on equity 7.5% · Return on assets 4.0%
- Fiscal year 2020: Return on equity −14.3% · Return on assets −6.7%
- Fiscal year 2021: Return on equity 13.7% · Return on assets 6.8%
- Fiscal year 2022: Return on equity 28.6% · Return on assets 15.1%
- Fiscal year 2023: Return on equity 17.6% · Return on assets 9.6%
- Fiscal year 2024: Return on equity 12.8% · Return on assets 7.4%
- Fiscal year 2025: Return on equity 11.1% · Return on assets 6.4%
Equity and long-term debt
The equity ratio rose in 5 years from 47.2% to 57.8%.
EquityLong-term debt in USD Long-term debt, depending on the filing, includes the current portion or leases.- Fiscal year 2016: Equity 167.3B USD · Long-term debt 28.9B USD
- Fiscal year 2017: Equity 187.7B USD · Long-term debt 24.4B USD
- Fiscal year 2018: Equity 191.8B USD · Long-term debt 20.5B USD
- Fiscal year 2019: Equity 191.7B USD · Long-term debt 26.3B USD
- Fiscal year 2020: Equity 157.2B USD · Long-term debt 47.2B USD
- Fiscal year 2021: Equity 168.6B USD · Long-term debt 43.4B USD
- Fiscal year 2022: Equity 195.0B USD · Long-term debt 40.6B USD
- Fiscal year 2023: Equity 204.8B USD · Long-term debt 37.5B USD
- Fiscal year 2024: Equity 263.7B USD · Long-term debt 36.8B USD
- Fiscal year 2025: Equity 259.4B USD · Long-term debt 34.2B USD
Liquidity (current ratio)
The current ratio rose in 5 years from 0.80 to 1.15.
Current ratio- Fiscal year 2016: Current ratio 0.87
- Fiscal year 2017: Current ratio 0.82
- Fiscal year 2018: Current ratio 0.84
- Fiscal year 2019: Current ratio 0.78
- Fiscal year 2020: Current ratio 0.80
- Fiscal year 2021: Current ratio 1.04
- Fiscal year 2022: Current ratio 1.41
- Fiscal year 2023: Current ratio 1.48
- Fiscal year 2024: Current ratio 1.31
- Fiscal year 2025: Current ratio 1.15
Cash flow
Free cash flow rose in 5 years from −2.6B USD to 23.6B USD.
Operating cash flowCapital expenditureFree cash flow in USD- Fiscal year 2016: Operating cash flow 22.1B USD · Capital expenditure 16.2B USD · Free cash flow 5.9B USD
- Fiscal year 2017: Operating cash flow 30.1B USD · Capital expenditure 15.4B USD · Free cash flow 14.7B USD
- Fiscal year 2018: Operating cash flow 36.0B USD · Capital expenditure 19.6B USD · Free cash flow 16.4B USD
- Fiscal year 2019: Operating cash flow 29.7B USD · Capital expenditure 24.4B USD · Free cash flow 5.4B USD
- Fiscal year 2020: Operating cash flow 14.7B USD · Capital expenditure 17.3B USD · Free cash flow −2.6B USD
- Fiscal year 2021: Operating cash flow 48.1B USD · Capital expenditure 12.1B USD · Free cash flow 36.1B USD
- Fiscal year 2022: Operating cash flow 76.8B USD · Capital expenditure 18.4B USD · Free cash flow 58.4B USD
- Fiscal year 2023: Operating cash flow 55.4B USD · Capital expenditure 21.9B USD · Free cash flow 33.5B USD
- Fiscal year 2024: Operating cash flow 55.0B USD · Capital expenditure 24.3B USD · Free cash flow 30.7B USD
- Fiscal year 2025: Operating cash flow 52.0B USD · Capital expenditure 28.4B USD · Free cash flow 23.6B USD
For energy companies the gross margin is not meaningful and is therefore omitted.
From annual reports filed with the SEC (10-K, 20-F, 40-F) as first reported, share count adjusted for splits; obvious filing errors (e.g. wrong unit, outliers against both neighbouring years) are hidden. Describes the reported figures – not investment advice.
Dividends and share repurchases
How much the company returns to its shareholders – as dividends or by repurchasing its own shares – and whether free cash flow supports it.
- Dividend per share
- 4.00 USD · Fiscal year 2025
- Dividend growth per year
- 3 y +4.1%5 y +2.8%10 y +3.3%
- Years without a cut
- at least 10 as far as the data goes
- Payout ratio
- of earnings 60% of free cash flow 73%
- To shareholders (5 years)
- 151.7B USD 48% through repurchases
Dividend per share
The dividend per share rose in 5 years from 3.48 USD to 4.00 USD.
Dividend per share USD per share Per share as filed with the SEC, including special dividends; obvious filing errors are hidden.- Fiscal year 2016: Dividend per share 2.98 USD
- Fiscal year 2017: Dividend per share 3.06 USD
- Fiscal year 2018: Dividend per share 3.23 USD
- Fiscal year 2019: Dividend per share 3.43 USD
- Fiscal year 2020: Dividend per share 3.48 USD
- Fiscal year 2021: Dividend per share 3.49 USD
- Fiscal year 2022: Dividend per share 3.55 USD
- Fiscal year 2023: Dividend per share 3.68 USD
- Fiscal year 2024: Dividend per share 3.84 USD
- Fiscal year 2025: Dividend per share 4.00 USD
Payout ratios
The payout ratio fell in 4 years from 64.7% to 59.7%.
Payout ratio (earnings)Payout ratio (free cash flow)- Fiscal year 2016: Payout ratio (earnings) 158.5% · Payout ratio (free cash flow) 210.4%
- Fiscal year 2017: Payout ratio (earnings) 66.1% · Payout ratio (free cash flow) 88.7%
- Fiscal year 2018: Payout ratio (earnings) 66.2% · Payout ratio (free cash flow) 83.9%
- Fiscal year 2019: Payout ratio (earnings) 102.1% · Payout ratio (free cash flow) 273.6%
- Fiscal year 2020: Payout ratio (earnings) not available · Payout ratio (free cash flow) not available
- Fiscal year 2021: Payout ratio (earnings) 64.7% · Payout ratio (free cash flow) 41.4%
- Fiscal year 2022: Payout ratio (earnings) 26.8% · Payout ratio (free cash flow) 25.6%
- Fiscal year 2023: Payout ratio (earnings) 41.4% · Payout ratio (free cash flow) 44.7%
- Fiscal year 2024: Payout ratio (earnings) 49.0% · Payout ratio (free cash flow) 54.4%
- Fiscal year 2025: Payout ratio (earnings) 59.7% · Payout ratio (free cash flow) 73.0%
What goes back to shareholders
Over 5 years, 151.7B USD went back to shareholders, 48% of it through share repurchases. That is 83% of the free cash flow of those years.
Dividends paidShare repurchasesNew shares issued (including employee plans)Free cash flow in USD- Fiscal year 2016: Dividends paid 12.5B USD · Share repurchases 977.0M USD · New shares issued (including employee plans) not available · Free cash flow 5.9B USD
- Fiscal year 2017: Dividends paid 13.0B USD · Share repurchases 747.0M USD · New shares issued (including employee plans) not available · Free cash flow 14.7B USD
- Fiscal year 2018: Dividends paid 13.8B USD · Share repurchases 626.0M USD · New shares issued (including employee plans) not available · Free cash flow 16.4B USD
- Fiscal year 2019: Dividends paid 14.7B USD · Share repurchases 594.0M USD · New shares issued (including employee plans) not available · Free cash flow 5.4B USD
- Fiscal year 2020: Dividends paid 14.9B USD · Share repurchases 405.0M USD · New shares issued (including employee plans) not available · Free cash flow −2.6B USD
- Fiscal year 2021: Dividends paid 14.9B USD · Share repurchases 155.0M USD · New shares issued (including employee plans) not available · Free cash flow 36.1B USD
- Fiscal year 2022: Dividends paid 14.9B USD · Share repurchases 15.2B USD · New shares issued (including employee plans) not available · Free cash flow 58.4B USD
- Fiscal year 2023: Dividends paid 14.9B USD · Share repurchases 17.7B USD · New shares issued (including employee plans) not available · Free cash flow 33.5B USD
- Fiscal year 2024: Dividends paid 16.7B USD · Share repurchases 19.6B USD · New shares issued (including employee plans) not available · Free cash flow 30.7B USD
- Fiscal year 2025: Dividends paid 17.2B USD · Share repurchases 20.3B USD · New shares issued (including employee plans) not available · Free cash flow 23.6B USD
Dividends paid, repurchases and new shares issued from the cash flow statement of annual reports filed with the SEC (as first reported). Describes the reported figures – not investment advice.
Valuation over time
Price-based valuation (P/E, P/S, price/free cash flow and dividend yield per fiscal year, compared with its own average) for signed-in users. Log in
Sector comparison
ExxonMobil next to 8 stocks of the sector Energy we cover that are closest in revenue. Click a column header to sort the table.
| Symbol | Revenue (FY) | Growth 5 yrs | Gross margin | Op. margin | Net margin | ROE | Equity ratio | FCF margin | Piotroski |
|---|---|---|---|---|---|---|---|---|---|
| XOM ExxonMobil this stock | 332.2B USD | +12.9% | – | – | 8.7% | 11.1% | 57.8% | 7.1% | – |
| BP BP (ADR) | 192.5B USD | +1.0% | – | 6.6% | 0.0% | 0.1% | 19.0% | – | – |
| CVX Chevron Corporation | 189.0B USD | +14.8% | – | – | 6.5% | 6.6% | 57.5% | 8.8% | 5/9 |
| MPC Marathon Petroleum | 132.7B USD | +13.7% | – | 6.2% | 3.0% | 23.4% | 20.6% | 3.6% | 8/9 |
| PSX Phillips 66 | 132.4B USD | +15.6% | – | – | 3.3% | 15.1% | 39.5% | – | 7/9 |
| VLO Valero Energy | 122.7B USD | +13.6% | – | 2.6% | 1.9% | 9.9% | 40.9% | – | 6/9 |
| COP ConocoPhillips | 58.9B USD | +25.1% | – | – | 13.6% | 12.4% | 52.9% | – | 5/9 |
| EOG EOG Resources | 22.6B USD | +15.5% | – | 28.2% | 22.0% | 16.7% | 57.6% | 42.3% | – |
| WMB Williams Companies | 12.0B USD | +9.1% | – | 35.1% | 21.9% | 20.4% | 21.9% | 8.4% | – |
| Median of the sector 9 symbols | 132.4B USD | +13.7% | – | 6.6% | 6.5% | 12.4% | 40.9% | 8.4% | 6/9 |
Growth 5 yrs = revenue growth per year over 5 fiscal years · Op. margin = operating margin · ROE = return on equity · FCF = free cash flow · Piotroski = F-Score (only with all 9 criteria).
Figures of the last fiscal year from SEC annual reports (peers as of Oct 28, 2026). Median across all companies of the sector we cover (from 5 stocks; several share classes of one company count once). Signed-in users also see P/E, P/S and dividend yield in the comparison. Describes the reported figures – not investment advice.
Key figures with traffic lights
Each light follows a simple, disclosed rule. The comparison is with the sector median Sector medianThe middle value of all companies in a sector: half are above it, half below. Unlike the average, single outliers hardly distort it.Example: Margins 4%, 8%, 10%, 12%, 60% → median 10%, average 18.8%.More in the Academy: Lesson putting the P/E in context of all 22 symbols in the Energy sector on our list (current members of the S&P 500 and other lists).
Revenue growth
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth+12.9% per year, last 5 years
Sector Energy: median +14.8% (21 symbols)
What does this mean? Revenue: over 5 years it grew by 12.9% per year on average, but more slowly than the median company in the sector (+14.8%).
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net income (total)
Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth– per year, last 5 years
per share: not computable (loss in the first or last year)
What does this mean? There was a loss in the first or last year. An annual growth rate cannot be calculated meaningfully then.
Light rule: Green: grows at least as fast as the sector median (without a sector comparison: grows) · Yellow: grows more slowly · Red: shrinks.
Net margin
Profit marginThe share of revenue that is left as profit after all costs.Example: Profit €60m on €500m revenue → margin 12%.More in the Academy: Lesson revenue, profit and margin8.7% last fiscal year
Sector Energy: median 11.0% (21 symbols)
What does this mean? Of every 100 USD in revenue, 8.68 USD remained as profit – less than the median company in the sector (11.0%). Five years ago the margin was −12.4%.
Light rule: Green: at least the sector median (without a sector comparison: profit) · Yellow: profit, but below the median · Red: loss.
Debt / equity
Debt-to-equity ratioFinancial debt (loans, bonds) divided by equity. A high value amplifies good and bad years alike. The key figures bar in the chart only uses long-term financial debt.Example: Financial debt €300m, equity €500m → 0.6.More in the Academy: Lesson debt, dividends and growth0.12 latest balance sheet
Sector Energy: median 0.43 (21 symbols)
What does this mean? For every 1 USD of equity there is 0.12 USD of financial debt – no more than the median company in the sector (0.43). More debt amplifies good and bad years alike.
Light rule: Green: at most the sector median · Yellow: up to twice the median · Red: more than twice · Gray: without a sector comparison.
Payout ratio
Payout ratioThe share of profit that a company pays out as a dividend. Above 100% it pays out more than it earns.Example: Dividend €1, earnings per share €2.50 → payout ratio 40%.More in the Academy: Lesson debt, dividends and growth60% Dividend / earnings per share
Sector Energy: median 55% (16 symbols)
What does this mean? Of every 1 USD of earnings per share, 0.60 USD went to shareholders as a dividend. The rest stays in the company. Median company in the sector: 55%.
Light rule: Green: up to 60% of earnings · Yellow: up to 100% · Red: more than earnings or a dividend despite a loss · Gray for real estate (REITs). The sector median is for comparison only.
Profitable years
Profitable yearsHow many of the last fiscal years ended with a profit rather than a loss on the bottom line. The figure shows how consistently a company earns.Example: Profit in 9 of 10 years → one loss year.More in the Academy: Lesson revenue, profit and margin9 of 10 fiscal years with a profit
What does this mean? In 9 of the last 10 fiscal years the bottom line showed a profit. One year ended with a loss.
Light rule: Green: profit in every year · Yellow: one loss year · Red: several loss years (at least 3 years needed).
All figures as a table
| Year | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| 2025 | Dec 31, 2025 | 332.2B | 28.8B | 8.7% | 6.70 | 4.00 | 60% |
| 2024 | Dec 31, 2024 | 349.6B | 33.7B | 9.6% | 7.84 | 3.84 | 49% |
| 2023 | Dec 31, 2023 | 344.6B | 36.0B | 10.5% | 8.89 | 3.68 | 41% |
| 2022 | Dec 31, 2022 | 413.7B | 55.7B | 13.5% | 13.26 | 3.55 | 27% |
| 2021 | Dec 31, 2021 | 285.6B | 23.0B | 8.1% | 5.39 | 3.49 | 65% |
| 2020 | Dec 31, 2020 | 181.5B | −22.4B | −12.4% | −5.25 | 3.48 | – |
| 2019 | Dec 31, 2019 | 264.9B | 14.3B | 5.4% | 3.36 | 3.43 | 102% |
| 2018 | Dec 31, 2018 | 279.3B | 20.8B | 7.5% | 4.88 | 3.23 | 66% |
| 2017 | Dec 31, 2017 | 237.2B | 19.7B | 8.3% | 4.63 | 3.06 | 66% |
| 2016 | Dec 31, 2016 | 218.6B | 7.8B | 3.6% | 1.88 | 2.98 | 159% |
| Quarter | End | Revenue | Net income | Margin | Earnings per share | Dividend per share | Payout |
|---|---|---|---|---|---|---|---|
| Q2/26 | Jun 30, 2026 | 116.0B | 14.5B | 12.5% | 3.48 | 1.03 | 30% |
| Q1/26 | Mar 31, 2026 | 85.1B | 4.2B | 4.9% | 1.00 | 1.03 | 103% |
| Q4/25* | Dec 31, 2025 | 82.3B | 6.5B | 7.9% | – | 1.03 | – |
| Q3/25 | Sep 30, 2025 | 85.3B | 7.5B | 8.8% | 1.76 | 0.99 | 56% |
| Q2/25 | Jun 30, 2025 | 81.5B | 7.1B | 8.7% | 1.64 | 0.99 | 60% |
| Q1/25 | Mar 31, 2025 | 83.1B | 7.7B | 9.3% | 1.76 | 0.99 | 56% |
| Q4/24* | Dec 31, 2024 | 83.4B | 7.6B | 9.1% | – | 0.99 | – |
| Q3/24 | Sep 30, 2024 | 90.0B | 8.6B | 9.6% | 1.92 | 0.95 | 49% |
| Q2/24 | Jun 30, 2024 | 93.1B | 9.2B | 9.9% | 2.14 | 0.95 | 44% |
| Q1/24 | Mar 31, 2024 | 83.1B | 8.2B | 9.9% | 2.06 | 0.95 | 46% |
| Q4/23* | Dec 31, 2023 | 84.3B | 7.6B | 9.0% | – | 0.95 | – |
| Q3/23 | Sep 30, 2023 | 90.8B | 9.1B | 10.0% | 2.25 | 0.91 | 40% |
* Q4 derived: fiscal year minus the 9-month value (EPS cannot be derived this way); may be distorted by restatements.
How we calculate: values as first reported to the SEC (later corrections are left out), a fixed order of reporting tags per figure, partial sums are never added up. Growth per year Growth per year (CAGR)The average annual growth rate over several years, as if the value had grown equally strongly every year. Individual good or bad years even out in it.Example: Revenue €100m → €161m in 5 years → (161 ÷ 100) to the power of 1/5 − 1 = 10% per year.More in the Academy: Lesson debt, dividends and growth over 5 years (otherwise 3 years). Quarters are labeled by the calendar quarter in which they end.
Insiders
Insider transactionsExecutives, directors and major shareholders (over 10%) of US companies report their own transactions in their company’s stock to the SEC within two business days (Form 4). Purchases in the market count as more meaningful than sales (often taxes, estate planning).Example: Three executives acquire stock worth a total of 2 million USD within two weeks → “purchases by several insiders”.More in the Academy: GlossaryIn the last 12 months, insiders of this stock have not acquired or disposed of shares on the market (SEC Form 4).
Source: mandatory filings with the SEC (Form 4), open-market purchases and sales only. General information, not investment advice.
Trend score +90
Price vs. EMA 50+15
Price vs. EMA 200+15
EMA 50 vs. EMA 200+20
ADX (trend strength)+15
Highs and lows+10
Relative strength+15
Volatility and trend strength
ADX 14 (trend strength)29.7
Rel. strength 60 d+14.9%
ATR ATR (Average True Range)The average range per trading day over the last 14 days. It makes distances comparable, whether a stock costs 10 or 1,000.Example: ATR 2.50 at a price of 100: 0.4 ATR is 1.00, i.e. 1%.More in the Academy: Lesson ATR and moving averages as price values only when logged in.
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