XOM Stock Price – Exxon Mobil Corporation, founded in 1870 and headquartered in Spring, Texas, explores and produces crude oil and natural gas globally. Its operations span four segments: Upstream (oil and gas exploration), Energy Products (fuels and catalysts), Chemical Products (petrochemicals), and Specialty Products (lubricants and elastomers). Exxon also manufactures, trades, and transports petroleum and petrochemical products. Furthermore, the company pursues low-emission initiatives, including carbon capture, hydrogen, and lithium production. Let’s analyze Exxon Stock Price Today.
Description
Exxon Stock Price Today reflects a perfect storm of new deals and the evolving global energy landscape.
Key Facts
- In 2023, XOM operating cash flow reached $56.47 billion, showing strong cash generation despite lower income than in 2021.
- Net income from continuing operations was $35.12 billion, reflecting solid operational performance.
- Depreciation/Amortization/Depletion accounted for $24.60 billion, easing tax expenses.
- Investing cash flow remained negative due to heavy investments in property and equipment.
- Financing cash flow recorded net outflows of $41.2 billion, including significant debt repayments and $16.17 billion in dividends.
- Free cash flow stood at $32.78 billion.
- Total assets increased to $376.3 billion, while equity surged to $212.5 billion.
- Total debt dropped to $41.57 billion, reducing financial leverage.
Analyzing XOM Stock Price Today
Exxon Mobil Corporation (XOM) closed at $121.11 on November 8 at 4:00 PM EST, reflecting a minor decrease of $0.04 or -0.03%. Later, in after-hours trading, the stock price rose to $121.39, marking an increase of $0.28 or +0.23% by 7:59 PM EST on the same day.
Why Is Xom Regarded As Undervalued
Exxon Mobil Corporation (XOM) stocks are regarded as undervalued due to its strong balance sheet, with $31.5 billion in cash and a $341 billion trailing twelve-month revenue. The company’s expansion, especially in the Permian Basin through its $60 billion XOM acquisition of Pioneer Energy, along with investments in Guyana and Singapore, positions Exxon for long-term growth. Despite these strengths, Exxon faces risks tied to economies of scale, requiring efficient management to maintain profitability.
Exxon’s dividend payout ratio of 47% and steady dividend growth, averaging 4.2% annually over the past decade, suggest financial stability. With a 3.1% trailing yield, it remains attractive to income-focused investors. The company also faces challenges from rising interest rates and economic uncertainty, but its resilience, strong cash flow, and global presence offer considerable opportunities.
The Potential of XOM Growth
Exxon Mobil Corporation (XOM) stocks may grow under a Trump administration due to several key factors. Trump’s support for the fossil fuel industry and deregulation policies would likely reduce operational hurdles for Exxon, allowing for easier expansion. Additionally, his focus on U.S. energy independence could boost growth, especially in the Permian Basin, by promoting increased domestic oil and gas production.
The Tax Cuts and Jobs Act of 2017 lowered corporate tax rates, providing Exxon with more capital for reinvestment and growth initiatives. Exxon could also benefit from Trump geopolitical stance, which favored U.S. energy dominance globally. Although Trump’s policies may have slowed the push for renewable energy, Exxon’s investments in carbon capture and storage technologies would still receive support.
Exxon Stock Price Today Final Thoughts
Exxon Mobil Corporation (XOM) offers notable investment potential with a market cap of $532.29B and a PE ratio of 15.08. The stock shows strong returns, including 108.17% over three years, outperforming the S&P 500. A forward dividend yield of 3.27% appeals to income-focused investors. With significant institutional ownership (65.49%), the stability of XOM shares remains despite fluctuating market conditions.
