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ExxonMobil (XOM) stock

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NYSE: XOM NYSE Integrated Oil & Gas Next results ~January 29, 2027

B Fundamentals grade

ExxonMobil is a US-listed company in the integrated oil & gas industry. Its financial year ends in December.

Stock price today

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Third-party market data · may be delayed

Fair value per share

~$200

Cash-flow model

Base case. Range ~$150–$270 across our lower- and higher-growth cases (3.7%–13.7% a year).

Price vs value

Modestly undervalued

The price is inside our value range, 10% below our base value.

Price used: $179.67, November 2, 2026

ExxonMobil valuation: adjust assumptions and compare models →

Who’s trading

What company insiders, investment funds and members of Congress have been doing with the stock, from their own filings.

Value diary

Our note on each quarter ExxonMobil files

10-Q filed November 2: ExxonMobil

Model value +38.6%

Revenue for the twelve months to September 2026 was $396.6bn, up 19.0% on a year earlier, faster than the 9.1% growth a quarter earlier. Free-cash-flow margin rose to 10.8% from 7.1% a year earlier. The diluted share count is down 3.8% on a year earlier, which lifts each remaining share. Its fundamentals grade moves from C+ to B. Our model value rises from $144 to $200 a share, against a share price of $180. The rating stays Hold. At that price, our model says the market is pricing in about 5.8% a year of cash-flow growth for five years, close to the 6.8% a year revenue growth it has delivered.

Source: 10-Q filed November 2, 2026 on SEC EDGAR · Financials · Valuation

Earlier notes (1)

Where ExxonMobil stands after its latest 10-Q

Revenue for the twelve months to June 2026 was $368.8bn, up 9.1% on a year earlier, faster than -4.4% a quarter earlier. Free-cash-flow margin held at 8.3%. The diluted share count is down 3.9% on a year earlier, which lifts each remaining share. Against its peers on growth, profitability, cash generation and balance sheet, it grades C+. It passes 1 of our 2 financial-health checks. Our cash-flow model value is $142 a share, against a share price of $177. At that price, our model says the market is pricing in about 8.1% a year of cash-flow growth for five years, faster than the 5.2% a year revenue growth it has delivered.

10-Q on SEC EDGAR

Written from the company's filings and our models when each quarter's report arrives. Figures in older notes are as published at the time. Not investment advice.

The Fundamentalytics view

Next results ~January 29, 2027 (estimated)

ExxonMobil's trailing-twelve-month revenue grew 19.0% year on year, with a free-cash-flow margin of 10.8%. Where it stands out: long-term debt as % of assets of 6.3% ranks 17 of 129 energy companies we cover.

Our discounted-cash-flow model values the business at ~$200 per share in the base case (~$150–$270 across growth scenarios) — model values under stated assumptions, not a price target.

Current signal Free cash flow diverging from earnings: TTM free cash flow grew 80.7% while net income grew 35.6%: a 45pp divergence.

Assembled from SEC-filed figures — the full workings are on this page and in our methodology. Observations, not recommendations.

Highlights

How we pick these

Strengths

  • Fast growth. Revenue grew 19.0% over the last 12 months, against a median of 8.0% for energy companies we cover.
  • Growth speeding up. The growth rate is 9.9 points higher than a quarter earlier.
  • Shrinking share count. Diluted shares fell 3.8% in a year, so each share owns more of the business.
  • Estimates rising. Analysts' consensus for next year's earnings per share has risen 13.5% over 90 days.

Things to watch

  • Earnings expected to fall. The consensus expects earnings per share to fall 10% next year.

Latest results: FY2026 Q3

Filed November 2, 2026
Earnings per share
$4.23 against an average estimate of $4.04: beat by 4.8%
Revenue
$113.16bn, up 32.7% on a year earlier
Share reaction
-2.0% in the first session after the results on October 30, 2026, against -2.2% for the S&P 500
Next report
January 29, 2027; average EPS estimate $3.89

ExxonMobil's figures from its SEC filings and results release; estimates are the analysts' average. Not a recommendation.

Price chart

  • 1 day-4.0%
  • 1 week-2.6%
  • 1 month+9.5%
  • This year+52.3%
  • 1 year+61.7%
  • 5 years+234.9%
  • S&P 500 this year+11.2%

Closing prices to 2026-11-02. Price change only, dividends excluded.

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Third-party market data · may be delayed

At a glance

Trailing twelve months, from SEC filings

Profitability

Revenue (TTM)
$397B
Net margin
10.2%
EPS (TTM, diluted)
$9.70

Growth

Revenue growth
+19.0%
Change in growth rate
+9.9 pts
Share count change
−3.8%

Cash

Free cash flow (TTM)
$43B
FCF margin
10.8%

Earnings

Last results
October 30, 2026

News & updates

Updated November 1, 2026

Company announcements, filed results and changes that matter to shareholders.

  1. Results
  2. Announcement
  3. Announcement
  4. Announcement
  5. Results
  6. Announcement

Refreshed hourly when new source data is available. Summaries are checked against company releases and SEC filings. Company announcement headlines are labelled when a checked summary is unavailable.

Valuation

ExxonMobil valuation models and calculator