In early March, Exxon Mobil has announced an "investment plan" of $ 185 billion over the next five years to develop new energy bids in order to meet the strong demand growth. This represents capital expenditure of about $ 37 million a year.
From a fundamental viewpoint, Exxon is trading at a moderate level compared with competitors. Its “enterprise value/revenue” ratio is estimated at 0.8x for 2012 and the PER is 10.3x for the same period. According to Thomson Reuters’ consensus, the average target price is $93.9 which represents a potential of 13% compared to the current price.
Since early january, stock is within a trading range USD 83.5 / 87.5 and is characterized by low volatility. Besides, the share has several times broke through the lower bound of this range. The proximity of 100-days moving average could bolster up the share to the resistance.
Thus, it would be advisable for investors to buy the share next to the support of USD 83.5 in order to aim at USD 87.5. If the security drops below USD 81.5, this strategy will be cancelled.
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Exxon Mobil Corporation is an oil group organized around 3 areas of activity:
- refining and distribution (76.9% of net sales): 5.4 million barrels of oil products (diesel fuel, gasoline, fuel oil, lubricants, motor oils, etc.) sold per day in 2024;
- petrochemical (12.1%): primarily oils, aromas, alcohols, ethylene, elastomers, propylene, and polymers (19.3 Mt sold in 2024) for the pharmaceutical, cosmetic, textile, electrical, etc.
- exploration and production of hydrocarbons (10.9%; worldwide leader): 2.9 million barrels of oil produced per day and 228.7 million m3 of natural gas produced per day.
Net sales are distributed geographically as follows: the United States (40.1%), Canada (8.8%), the United Kingdom (6.1%), Singapore (4.6%), France (4%) and others (36.4%).
This super rating is the result of a weighted average of the rankings based on the following ratings: Global Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
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Global
Global
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Quality
Quality
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