About Exxon Mobil (XOM)

Exxon Mobil Corp is a prominent global oil and gas company, which produces crude oil and natural gas, manufactures petroleum products, chemicals, and lubricants. In fact, Exxon is among the world’s largest publicly traded energy companies. The company was formed in 1870 when Rockefeller and his partners formed the Standard Oil Company. Over time, through various mergers with companies like Exxon, Mobil, Esso, and XTO Energy, it evolved into ExxonMobil.

Here are some major achievements and milestones of the company:

• It is one of the world’s largest refiners and marketers of petroleum products.
• The company has been paying dividends consistently for over 100 years, since 1882.
• It developed the globally recognized Exxon and Mobil brands starting in 1911.
• Exxon Mobil is not only a Fortune 500 company but also a constituent of the Dow Jones Industrial Average.

As of 2022, Exxon Mobil continues to be a leader in the energy industry with a market capitalization of over $380 billion. The company reported revenues of $285 billion in FY2021 and a net income of over $23 billion. Furthermore, Exxon Mobil is ranked among the top 10 global companies in terms of revenue.

ExxonMobil (XOM) Stock Historical Performance

Exxon Mobil’s stock has a long history that goes back to the late 1800s with the formation of the Standard Oil monopoly, led by Rockefeller. This monopoly eventually dissolved in 1911, leading to the emergence of Exxon and Mobil as significant offshoots of Standard Oil. These two companies later combined in a $81 billion deal in 1999, resulting in the Exxon Mobil Corporation we know today.

In the past decades, the stock of Exxon Mobil reached its highest point in June 2014, hitting $104.76 per share. This peak coincided with a time of elevated oil prices. However, the stock experienced a decline, falling below $70 in 2015 and even dropping under $40 in 2020 due to significant decreases in oil prices. Recently, in March 2022, Exxon’s shares experienced a rebound, rising above $100 as oil prices surged to over $120 per barrel. As of October 2022, due to geopolitical risks and uncertainties in the energy sector, the stock is trading at around $90.

To enhance liquidity and make shares more affordable, Exxon implemented three 2:1 stock splits in the last 50 years.

• 2:1 Stock Split in 1984 to bring price down from $80s range
• Split in 1993 that doubled shares when price exceeded $70
• Most recent split in 2001 when stock prices were over $90 per share

Furthermore, Exxon Mobil has been consistent in paying dividends since 1882, with the only interruption occurring in 1934. However, the dividend yields have fluctuated with the stock price swings over time.

Exxon Stock Price History

Below, you can see the price history of Exxon Mobil (XOM) stock for the last ten years. Here, you can get a clear idea how the company’s stock value has changed over time.

Exxon (XOM) Stock Split History

Exxon Mobil Corporation has experienced a series of stock splits throughout its history, aimed at enhancing the liquidity and accessibility of its shares for investors. Below is a concise overview of the stock split history of Exxon:

1. July 18, 2001 – 2-for-1 Split

On this date, Exxon executed a 2-for-1 split, reducing the stock price from approximately $88.52 to around $44.26. This strategic move was designed to make the shares more affordable and thereby attract a wider range of investors.

2. February 1, 1997 – 2-for-1 Split

With its stock price reaching around $116.12, Exxon initiated another 2-for-1 split, bringing the post-split price to approximately $58.06. This split aimed to increase the stock’s market liquidity and accessibility to retail investors.

3. August 14, 1987 – 2-for-1 Split

Exxon’s stock price was approximately $83.87 when the company decided to implement a 2-for-1 split, adjusting the share price to about $41.93. This adjustment was necessary to maintain the appeal and affordability of the shares for individual investors.

4. May 15, 1979 – 2-for-1 Split

At a pre-split price of around $60.37, Exxon conducted a 2-for-1 split to lower the share price to approximately $30.18, aiming to increase market liquidity and widen the pool of potential investors.

5. May 14, 1976 – 2-for-1 Split

With the stock valued at close to $67.62, a 2-for-1 split was executed to adjust the share price to roughly $33.81, making the shares more accessible to retail investors.

6. June 15, 1956 – 2-for-1 Split

In this early stage of Exxon’s history, a 2-for-1 split was initiated when the stock price was around $119.50, resulting in a post-split price of approximately $59.75. This move aimed to increase share accessibility for individual investors.

Each of these splits was carefully timed to respond to the market conditions, with the goal of making Exxon’s shares more attractive and accessible to a broader investor base. These strategic decisions have played a role in the company’s market presence and the value offered to long-term shareholders.

ExxonMobil (XOM) Stock Financial Details

ExxonMobil stands as one of the largest public companies with a market value of over $440 billion. This oil titan has consistently delivered profits and dividends, currently at $3.61 per share, for many decades. Remarkably, ExxonMobil has been paying uninterrupted dividends since 1882, maintaining these payouts through both wartimes and economic recessions.

In its most recent fiscal year of 2022, the company generated impressive revenues, exceeding $398 billion. This substantial revenue translated into a net income of $55 billion, with higher oil and gas prices significantly boosting the profits. The earnings per share (EPS) for this period were $13.26. Additionally, ExxonMobil’s cash flow from operations reached $76 billion, which supported large capital investments.

With a profit margin of 14.06%, ExxonMobil converts a healthy portion of revenues into bottom line earnings. Also, the company reported $79 billion in EBITDA, demonstrating strong core operating profitability.

The company benefits from having very low levels of debt, which grants the company considerable financial flexibility. The debt-to-equity ratio of the company is conservative, standing at 0.26. Furthermore, ExxonMobil holds strong credit ratings, with an AA+ score from S&P, showcasing its robust balance sheet.

ExxonMobil (XOM) Stock Forecast & Price Prediction

Exxon Mobil looks set to grow more in the future as they plan to sell a big asset in Nigeria, want to acquire Pioneer Natural Resources for $60 billion to become one of the biggest leader in the US oilfield, and expect their earnings for Q3 to increase from $900 million to $1.3 billion since oil prices are going up.

Exxon (XOM) Stock Forecast & Price Prediction 2023

In 2023, Exxon’s stock price might see moderate growth, with an estimated average price of $115.23. The high could be $135.87, thanks to expected improvements in the energy sector and a global economic recovery. However, the stock might also hit lows of $105.76 due to unexpected geopolitical risks and market changes. This forecast suggests a 13.27% increase from the current price, offering a good opportunity for investment.

Exxon (XOM) Stock Forecast & Price Prediction 2025

For 2025, the outlook is brighter, with Exxon’s stock price possibly averaging $150.76. This estimate is based on the company’s ongoing expansion into renewable energy and steady demand for oil and gas. The stock might reach a high of $180.94 and a low of $140.64.

Exxon (XOM) Stock Forecast & Price Prediction 2030

Looking ahead to 2030, Exxon’s stock is expected to continue growing. With an average price of $270.36, it offers a significant opportunity for long-term investors. The price might reach a high of $320.78 due to Exxon’s strategic moves and market expansion. However, lows around $260.47 are also possible due to market uncertainties and commodity price changes. The predicted price shows a 167.45% increase, highlighting Exxon as a valuable investment.

Exxon (XOM) Stock Forecast & Price Prediction 2040

By 2040, Exxon’s stock is predicted to keep rising, with an expected average price of $550.48. It might peak at $590.32, reflecting Exxon’s strategy to adapt to the energy market and find new opportunities. However, the stock might also fall to $510.74 due to potential regulatory issues and changes in energy demand. With an estimated increase of about 483.28% from today, the 2040 stock promises significant returns for long-term investors.

Exxon (XOM) Stock Forecast & Price Prediction 2050

Looking further into 2050, forecasts suggest Exxon’s stock will average $750.12, showing the company’s steady growth and success in renewable and sustainable energy. The stock might hit a high of $805.39 as Exxon uses technology to improve operations and increase profits. However, it might also see lows of $695.78 due to global economic challenges and changes in the energy sector. This forecast, representing a 732.81% increase, signals Exxon’s long-term value for investors seeking financial stability and growth.

Is Exxon Stock Buy, Sell or Hold?

Exxon Mobil Corp (XOM) currently holds an average analyst rating of 3.69 out of 5. This rating is derived from the consensus of 26 analysts, with 4 recommending a “Buy”, 7 indicating a “Strong Buy”, and 15 advising to “Hold” the stock. There are no sell ratings reported. This consensus suggests a general positive outlook on the stock, with a tilt towards maintaining current positions or cautiously acquiring new ones.

Frequently Asked Questions

What was Exxon’s highest stock price?

Exxon Mobil Corp’s stock reached its all-time high in June 2014 when it was valued at $104.76. This spike was primarily due to high oil prices during that period.

Has Exxon ever split its stock?

Yes, Exxon’s stock has seen multiple splits in its history. In the last 50 years, there have been three 2-for-1 stock splits:

• The first was in 1984 when the stock price was in the $80s range.
• The second took place in 1993 when the stock price exceeded $70.
• The most recent split was in 2001 when the stock was trading at prices over $90 per share.

Will Exxon Stock Split in 2023?

While there are always rumors and speculations in the market, there hasn’t been any concrete information or official announcement regarding a stock split by Exxon in 2023.

How often does Exxon pay dividends?

Exxon has a rich history of providing dividends to its shareholders. The company has historically offered steady dividends, only interrupting payouts once in 1934. The frequency of these dividend payments is quarterly.

Why has Exxon’s stock price fluctuated in the past?

XOM stock saw significant dips below $70 in 2015 and below $40 in 2020 due to oil crashes.

Is Exxon investing in renewable energy?

Yes, Exxon is actively positioning itself for the future energy landscape. The company has been investing in research and technology to reduce carbon footprints and is gradually making strides in the renewable energy sector.

What is the future for Exxon’s stock in the coming years?

Analysts and investors are optimistic about Exxon’s future, especially considering its diversification efforts and the ongoing demand for energy. If we take a look at its detailed forecast, we can see that the stock is expected to reach over $140 by 2030.

Is Exxon a good buy?

Based on the analysis and market forecast, XOM stock can reach around $50 by 2025 and over $95 by 2028. This shows that the company’s approach in investment into tech and renewable energy sector underscore its potential for growth in the coming years.

Where can I buy Exxon stock?

Exxon Mobil Corp’s stock, traded under the ticker “XOM”, can be purchased on the New York Stock Exchange (NYSE) through any brokerage platform. One of the recommended platforms is Robinhood since it lets you trade stocks without paying any fees. It is one of the best commission free investing apps.

How does Exxon compare to its competitors in the energy sector?

Exxon is one of the major players in the energy sector, but it faces competition from other giants like Chevron, BP, and Shell. However, Exxon’s diversified approach and proactive strategies position the company quite competitively in the market.