XOMExxon Mobil Corporation
Is the business good?
The checks split: earnings fully cash-backed (1.8×), but margins compressing.
Operating profit is fully backed by cash.
Operating profit is falling even as sales grow, costs are outrunning the top line.
A balanced mix of margins, efficiency, and leverage. ROE 11% = margin × turnover × leverage.
Unless marked, from derived.
Against the whole market›
Percentile against every name Ryufin tracks. Higher is better; the tick marks the middle of the market. Context, not one of the checks above.
Where this answer is blind. The F-score rewards improvement, so an already-elite company can score mid-pack.
How good a business is XOM?
Exxon Mobil Corporation earns 12% on the capital it employs against a 9.0% cost of capital, so the business is worth more the bigger it gets.
Return on invested capital · cost of capital 9.0% · 3.3 points above what the capital costs: growth creates value
- Operating margin
- 12%
Operating margin · Oil & Gas Integrated median 10% · 12 months to Q2 2026
- Cash conversion
- 1.77×
Cash conversion · 1.68× a year ago · operating cash flow covers the operating profit after tax
| Year | Operating margin |
|---|---|
| FY2020 | −16% |
| FY2021 | 11% |
| FY2022 | 19% |
| FY2023 | 15% |
| FY2024 | 14% |
| FY2025 | 12% |
Details›
- Operating margin12 months to Q2 2026
- 12%
- Net margin12 months to Q2 2026
- 8.9%
- Free cash flow margin
- 8.3%
- Revenue, trailing twelve months
- $368.8B
- Free cash flow, trailing twelve months
- $30.6B
- Net income, trailing twelve months
- $32.8B
- Return on invested capitaloperating profit after tax ÷ debt + equity − cash
- 12%
Margins, capital and share counts from the statements as filed with the SEC; cash conversion is operating cash flow over operating profit after tax.
Customers and suppliers
Who buys from XOM and who it buys from, as the companies report it.
None disclosed.
- TALOTalos Energy Inc.23%
XOM is 23% of its revenue · FY2025 10-K
- VNOMViper Energy, Inc.14%
XOM is 14% of its revenue · FY2025 10-K
- MTDRMatador Resources Company13%
XOM is 13% of its revenue · FY2025 10-K
- MURMurphy Oil Corporation12%
XOM is 12% of its revenue · FY2025 10-K
- MNTKMontauk Renewables, Inc.11%
XOM is 11% of its revenue · FY2025 10-K
- FCELFuelCell Energy, Inc.6.0%
XOM is 6.0% of its revenue · FY2025 10-K
A company has to disclose every customer behind 10% or more of its revenue. Each share comes from the latest annual report of the company that states it and shows on both companies’ pages. Smaller customers and suppliers go unreported.
Oil & Gas Integrated
Ranks #6 of 11 by RyuScore