I N S T I T U T I O N A L & P R I V A T E C L I E N T R E S E A R C H
July 6, 2012
Exxon Mobil Corp. (XOM)
Price ( 7/6/12))))
$94
Overweight (1.48)
Energy
EPS & REVENUE F ORECASTS
FY Ended Dec
P/ E Ratio
2011 A 2012 E 2013 E
$433.5
$489.8
$502.9
$8.42
10.1x
$8.03
10.6x
$8.60
9.9x
Exxon Mobil Corp. explores and produces crude oil and natural gas, manufactures petroleum products and sells crude oil, gas and other petroleum products. It operates as a petroleum and petrochemicals company. It manufactures and markets basic petrochemicals, including olefins, aromatics, polyethylene, fluids, synthetic rubber, oriented polypropylene packaging films, plasticizers, synthetic lubricant basestocks, zeolite catalysts, polypropylene plastics, and a wide variety of specialty products. The company was founded in 1882 and is headquartered in Irving, TX.
1 0
$2.28 / 2.7%
1882
30 years
7.5%
8.7%
24.0% Dividend Payout
KEY STATISTICS
Boo k Value per share
$67 - $88
17,983,362
$396.5 billion
$400.1 billion
4,676
99.76%
0.95%
$4.09
$33.58
$32.61
6%
VALUATION SUMMARY
High Low Avg.
10.3x
17.8x
7.8x 11.6x
0.8x
2.5x
4.3x
2.1x
3.0x
1.2x
6.9x
11.9x
5.7x
8.2x
0.9x
0.9x
5.9x
0.9x
1.5x
8.7x
1.4x
0.8x
3.5x
0.7x
1.1x
6.1x
1.0x
0.7x
0.7x
0.5x
2.7%
5%
3.0%
11%
1.4%
5%
GROWTH SUMMARY as of FY Ended 12/11
2.2%
6%
1.1x
0.1x
26.9%
34.8%
27.0%
34.8%
35.4%
6.3%
0.7%
5----yr.
10
5.3%
-6.5% -1.0%
8.7%
9.6%
-4.0%
-3.2%
-1.0%
6.1%
0.4%
0.8%
4.9%
7.6%
8.9%
10.5%
14.5%
7.5%
Y E A R P R I C E P E R F O R M A N C E V S . S & P 5 0 0
03 04 05 06 07 08 09 10 11
1.85
80
60
40
2.00
1.80
1.74
1.66
1.60
Exxon Mobil Corp. explores and produces crude oil and natural gas, manufactures petroleum products and sells crude oil, gas and other petroleum products. It is the largest integrated oil & gas company in the world. The company was founded in 1882 and is headquartered in Irving, TX.
0.90
01
0.92
02
0.98
03
1.06
04
1.14
05
1.28
06
1.37
07
1.55
08 09 10 11
1.40
1.20
1.00
0.80
mark@equitycapresearch.com
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R E Q U I R E D D I S C L O S U R E S
ANALYST CERTIFICATION: (i) that all the views expressed in this research report accurately reflect my personal views about the common stock of the subject company and (ii) that no part of the compensation was, is, or will be, directly or indirectly, related to the specific recommendations or views expressed by me in the report. Further information and elaboration is available upon request.
The following disclosures apply to the stock mentioned in the above report if and as indicated:
(A)
ECRG was making a market in this company’s securities at the time this research report was published.
(B)
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(C)
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(D)
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(E)
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(F)
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(G)
ECRG participated as an underwriter in a secondary offering of this company’s shares.
The Growth Achievers list does not have ratings.
O T H E R D I S C L O S U R E S
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The Focus List is prepared by Mark Corcoran of ECRG. To be eligible for inclusion on the Focus List, individual companies must be covered by
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In addition to a change in the rating, other factors, including a change in market or sector conditions, company or industry fundamentals, or discontinuance of coverage by the covering analyst, may also cause a security to be removed from the Focus List. A security on the Focus List may be removed from the list even if it is still an eligible security based on Mr. Corcoran’s determination that it is no longer timely. The Focus List will disclose any securities removed from the list in the first publication following the removal of the security.
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Because of individual client requirements, it should not be construed as advice designed to meet the particular investment needs of any investor. It is not a representation by us, or an offer, or the solicitation of an offer, to sell or buy any security. Further, a security described in a report may not be eligible for solicitation in the states in which a client resides.
© ECRG. All Rights Reserved. Please refer to the last page of this report for disclosure and certification information.
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