- The XOM stock price is trading at $117.64.
- The price has gained 0.81% since the last trading session.
- The company stock has been traded with a volume of $14.045 Million in the last trading day.
Exxon Mobil Corporation (NYSE: XOM) is an American oil and gas company that was founded by John D. Rockefeller. The company deals in the exploration, development, and distribution of oil and gas products.
Exxon Mobil Corporation (XOM) Stock: Financial Analysis
The oil and gas industry has risen to 1.9% in the last seven days whereas Exxon Mobil is the top performer in the industry and is up by 3.0% in the last seven days. The industry has gained 12% over the last 12 months.
Revenue: The XOM’s revenue has been consistently growing over the last three years from $178.17 Billion in 2020 to $280.51 Billion in 2021 to $400.44 billion in 2022. The Trailing twelve months’ revenue for the year 2023 is running at $360.95 Billion which is lower compared to its previous year.
Gross Profit: XOM’s gross profit has also consistently increased over the last three years from $32.15 Billion in 2020 to $67.60 billion in 2021 to $103.49 Billion in 2022. The company’s trailing twelve months’ gross profit for the year 2023 is running at $96.06 Billion which is lower compare to its previous year.
Net Income: The XOM’s net income faced a decline of 256% in 2020 where it generated a negative net income of -$22.44 Billion. In 2021, the company somehow managed to recover from the decline and also generated a positive net income of $23.04 Billion. The TTM net income running for 2023 is running at $51.72 Billion which is lower compared to its previous year.
Debt-to-equity ratio: XOM’s debt-to-equity ratio is above 20 for the past 3 years but it has also decreased its debt ratio every year. The decrease in the debt ratio will surely have a positive impact on the company’s performance.
Overall, the company’s financial performance has been healthy over the last three years. But the company is not performing well in the recent quarter report which is affecting the overall financial performance in 2023. The oil and gas industry has had positive growth over the last 12 months which is a good sign for the companies who falls under this industry.
Exxon Mobil Corporation (XOM) Stock: Technical Analysis
In April 2023, after creating its year-high of $119.92, and started to fall and got stuck in a range of $101.40 to 109.11. The price consolidated in the range for about 4 months.
At the start of August 2023, the Xom Stock price tried to give the breakout of the range. But it failed to do so and went back inside the range. Finally, at the end of August, the price gave and rallied up to its all-time-high resistance zone of $120.
Currently, the Xom Stock price is facing rejection from the seller’s zone or resistance zone of $120. A minor seen from the $120 resistance zone to 109.11. As long as the price is sustain above $109.11 the buyers will control the price. If the price gives the breakout of the $120 resistance zone then it may rise to its possible resistance at $125.00.
However, for the price to be in bearish sentiment. The price should close below $109.11 then it may fall to its support at $101.40.
Conclusion
The overall chart of Exxon Mobil Corporation is bullish. The price is facing rejection from its all-time high. The oil and gas industry has also a positive growth over the years.
As long as the price is sustain above $109.11 the buyers will control the price. If the price gives the breakout of the $120 resistance zone then it may rise to its possible resistance at $125.00.
However, for the price to be in bearish sentiment. The price should close below $109.11 then it may fall to its support at $101.40.
Technical levels
Resistance levels: $120 and $125.
Support levels: $109.11 and $101.40.
Disclaimer
The views and opinions stated by the author, or any people named in this article, are for informational purposes only. They do not establish financial, investment, or other advice. Investing or trading comes with a risk of financial loss.