To valuate the company, we used the multiples valuation method relative to peers, which gave a target capitalization of $286.3 billion, or $67.6 per share. This corresponds to an upside of 8.7% on a 12-month horizon. and a Hold rating. Including dividends, the upside is 14.3%. [read all]
Since our recommendation on March 24, Exxon Mobil has gained 11.9% to reach our target price of $63.80. [read all]
Exxon Mobil posted a moderately positive 1Q2021 report. Adjusted earnings per share rose 22.6% YoY to $0.65. Revenue rose 5.3% YoY to $59.2bn. Both parameters were 7-9% above consensus. [read all]
American oil and gas companies have not yet moved to an increase in production after it fell by 2 million barrels per day. against the backdrop of the pandemic, despite the comfortable level of oil prices. Probably, the current price level does not look stable enough to take risks and switch to active drilling. [read all]
To evaluate the company, we used multiples relative to peers, which gave a target capitalization of $ 270.2 billion, or $63.80 per share. Including dividends in the next 12 months. of 6.2%, the target price of $ 63.80 assumes an upside of 20.3%, which is in line with a Buy rating. [read all]
Exxon Mobil Corporation explores for and produces crude oil and natural gas in the United States, Canada/other Americas, Europe, Africa, Asia, and Australia/Oceania. It operates through Upstream, Downstream, and Chemical segments. The company is also involved in the manufacture, trade, transport, and sale of crude oil, petroleum products, and other specialty products; and manufactures and markets petrochemicals, including olefins, polyolefins, aromatics, and various other petrochemicals. As of December 31, 2019, it had approximately 23,857 net operated wells with proved reserves of 22.4 billion oil-equivalent barrels. In addition, the company produces raw materials, such as polypropylene and isopropyl alcohol for medical masks, gowns, and hand sanitizer. The company was founded in 1870 and is based in Irving, Texas.