Stock research

Exxon Mobil Corporation (XOM) Stock Research

ExxonMobil is one of the largest publicly traded integrated oil companies, active in exploration, refining, and chemicals worldwide.

Reviewed · SEC data as of

Ticker
XOM
Exchange
NYSE
Sector
Energy
Founded
1999
Loading delayed market data…

Delayed Cboe One market data via TradingView. It may differ from primary-exchange or consolidated quotes.

About Exxon Mobil

Its expanded Permian and Guyana operations are central to its production growth.

Exchange
NYSE: XOM
Sector
Energy
SEC industry
Petroleum Refining (SIC 2911)
Fiscal year end
December 31
Headquarters
Spring, Texas
Founded
1999

What investors should watch in XOM

For Exxon Mobil Corporation, the most important recurring operating and market variables are:

  • ◆Upstream production volumes, led by the Permian Basin and Guyana
  • ◆Crude oil, natural gas, and refining and chemical margins
  • ◆Structural cost savings and cash capital expenditures
  • ◆LNG project start-ups, including Golden Pass
  • ◆Government fiscal terms, climate regulation, and energy-transition policy

Key questions for the XOM thesis

Each question starts with what the filings show, then why it matters. None of these is a rating or a forecast.

Where is the production growth coming from?

The 10-K says Upstream production averaged 4.7 million oil-equivalent barrels per day in 2025, the highest in over 40 years, with U.S. net production of 2.1 million. Item 1 and the Upstream MD&A describe the Permian, Guyana developments such as Yellowtail, Uaru, and Whiptail, and LNG projects that are expected to shift the geographic mix.

How sensitive are earnings to commodity prices?

Net income attributable to ExxonMobil was $28.8 billion in 2025 versus $33.7 billion in 2024, with Upstream earnings of $21.4 billion. Item 1A notes that lower oil and gas prices hurt Upstream while higher prices can pressure the Energy, Chemical, and Specialty Products segments, so read the segment tables in Item 7 alongside price assumptions.

Is the cost and capital discipline holding?

Management reports cumulative structural cost savings of $15.1 billion relative to 2019, including $3.0 billion added in 2025, while cash capital expenditures were $29.0 billion. Compare these non-GAAP measures, defined in Frequently Used Terms, with operating cash flow of $52.0 billion to judge how much is left for distributions.

What policy risks does the filing emphasize?

Item 1A groups risks into government and political factors, climate change and energy transition, and operational factors, including windfall taxes, expropriation, and emission mandates. Note the company's stated net-zero Scope 1 and 2 ambitions for operated Permian assets by 2035 when assessing long-dated capital commitments.

Members-only research

What members are reading this month

The thesis, the numbers behind it, and what would break it. Full access is $39 a month.

Read the full research

Congressional trading in XOM

PoliticianTrade dateTypeOwnerAmountSource
Kevin Hern2026-08-31SaleJoint$100,001 - $250,000Filing #20035491
Jim Himes2026-07-20SaleJoint$15,001 - $50,000Filing #20035047
Michael Guest2026-07-02ExchangeSpouse$1,001 - $15,000Filing #20035130
Michael Guest2026-07-02ExchangeSpouse$1,001 - $15,000Filing #20035130
Kevin Hern2026-07-02ExchangeJoint$100,001 - $250,000Filing #20035013
Kevin Hern2026-07-02ExchangeJoint$100,001 - $250,000Filing #20035013
Matt Van Epps2026-06-16SaleSelf$1,001 - $15,000Filing #20034807
Alan Armstrong2026-03-27SaleSelf$1,001 - $15,000Filing #fda235b3-bad7-4637-8fa1-053f354d929c
Gilbert Cisneros2026-02-10PurchaseSelf$50,001 - $100,000Filing #20034144
Josh Gottheimer2026-02-04PurchaseJoint$1,001 - $15,000Filing #20034130

All verified XOM congressional disclosures

Congressional disclosures are delayed, range-based records—not real-time signals or proof of motive. See the source-linked tracker for scope and limitations.

XOM — frequently asked questions

What does Exxon Mobil Corporation do?

ExxonMobil is one of the largest publicly traded integrated oil companies, active in exploration, refining, and chemicals worldwide.

When does Exxon Mobil Corporation's fiscal year end?

The SEC lists Exxon Mobil Corporation's fiscal year end as December 31.

Do members of Congress trade XOM?

The current verified House and Senate snapshot contains 40 transaction rows for XOM, each linked to the original filing.

Where is Exxon Mobil Corporation headquartered?

Exxon Mobil Corporation is headquartered in Spring, Texas and was founded in 1999.

Is XOM a good investment?

This page does not rate XOM as a buy or sell. It sets out what Exxon Mobil Corporation reports, what investors should watch and the questions a thesis has to answer, with links to the SEC filings. It is research, not investment advice.

This page is independent research and educational information, not investment advice or a recommendation to buy or sell any security. Company facts are compiled from public sources. Do your own research.

What do the XOM numbers leave unanswered?

Financials describe the business. The next question is which assumptions an investment thesis depends on. Explore the member reports below for analysis of catalysts, risks, and what would change the view. $39/month or $249/year.

$39/mo or $249/yr · cancel future renewals anytime · sources included