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Exxon Mobil Piotroski F-Score

: 3 (As of Today)
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Warning Sign:

Piotroski F-Score of 3 is low, which usually implies poor business operation.

The zones of discrimination were as such:

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Exxon Mobil has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

The historical rank and industry rank for Exxon Mobil's Piotroski F-Score or its related term are showing as below:

NYSE:XOM' s Piotroski F-Score Range Over the Past 10 Years
Min: 2   Med: 6   Max: 9
Current: 3

2
9

During the past 13 years, the highest Piotroski F-Score of Exxon Mobil was 9. The lowest was 2. And the median was 6.


Exxon Mobil Piotroski F-Score Historical Data

The historical data trend for Exxon Mobil's Piotroski F-Score can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Exxon Mobil Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Piotroski F-Score
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 7.00 9.00 3.00 3.00

Exxon Mobil Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Piotroski F-Score Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 5.00 5.00 3.00 3.00 3.00

Competitive Comparison

For the Oil & Gas Integrated subindustry, Exxon Mobil's Piotroski F-Score, along with its competitors' market caps and Piotroski F-Score data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Exxon Mobil Piotroski F-Score Distribution

For the Oil & Gas industry and Energy sector, Exxon Mobil's Piotroski F-Score distribution charts can be found below:

* The bar in red indicates where Exxon Mobil's Piotroski F-Score falls into.


How is the Piotroski F-Score calculated?

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

This Year (Jun21) TTM:Last Year (Jun20) TTM:
Net Income was -680 + -20070 + 2730 + 4690 = $-13,330 Mil.
Cash Flow from Operations was 4389 + 4005 + 9264 + 9650 = $27,308 Mil.
Revenue was 45425 + 45738 + 57552 + 65943 = $214,658 Mil.
Gross Profit was 9389 + -16594 + 11885 + 15191 = $19,871 Mil.
Average Total Assets from the begining of this year (Jun20)
to the end of this year (Jun21) was
(361495 + 358043 + 332750 + 333770 + 337289) / 5 = $344669.4 Mil.
Total Assets at the begining of this year (Jun20) was $361,495 Mil.
Long-Term Debt & Capital Lease Obligation was $45,319 Mil.
Total Current Assets was $52,842 Mil.
Total Current Liabilities was $62,238 Mil.
Net Income was 3170 + 5690 + -610 + -1080 = $7,170 Mil.

Revenue was 63422 + 63024 + 55134 + 32277 = $213,857 Mil.
Gross Profit was 14411 + 13847 + 8935 + 6397 = $43,590 Mil.
Average Total Assets from the begining of last year (Jun19)
to the end of last year (Jun20) was
(360729 + 359361 + 362597 + 355804 + 361495) / 5 = $359997.2 Mil.
Total Assets at the begining of last year (Jun19) was $360,729 Mil.
Long-Term Debt & Capital Lease Obligation was $46,563 Mil.
Total Current Assets was $53,016 Mil.
Total Current Liabilities was $57,270 Mil.

*Note: If the latest quarterly/semi-annual/annual total assets data is 0, then we will use previous quarterly/semi-annual/annual data for all the items in the balance sheet.

Profitability

Question 1. Return on Assets (ROA)

Net income before extraordinary items for the year divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Exxon Mobil's current Net Income (TTM) was -13,330. ==> Negative ==> Score 0.

Question 2. Cash Flow Return on Assets (CFROA)

Net cash flow from operating activities (operating cash flow) divided by Total Assets at the beginning of the year.

Score 1 if positive, 0 if negative.

Exxon Mobil's current Cash Flow from Operations (TTM) was 27,308. ==> Positive ==> Score 1.

Question 3. Change in Return on Assets

Compare this year's return on assets (1) to last year's return on assets.

Score 1 if it's higher, 0 if it's lower.

ROA (This Year)=Net Income/Total Assets (Jun20)
=-13330/361495
=-0.03687465

ROA (Last Year)=Net Income/Total Assets (Jun19)
=7170/360729
=0.01987642

Exxon Mobil's return on assets of this year was -0.03687465. Exxon Mobil's return on assets of last year was 0.01987642. ==> Last year is higher ==> Score 0.

Question 4. Quality of Earnings (Accrual)

Compare Cash flow return on assets (2) to return on assets (1)

Score 1 if CFROA > ROA, 0 if CFROA <= ROA.

Exxon Mobil's current Net Income (TTM) was -13,330. Exxon Mobil's current Cash Flow from Operations (TTM) was 27,308. ==> 27,308 > -13,330 ==> CFROA > ROA ==> Score 1.

Funding

Question 5. Change in Gearing or Leverage

Compare this year's gearing (long-term debt divided by average total assets) to last year's gearing.

Score 0 if this year's gearing is higher, 1 otherwise.

Gearing (This Year: Jun21)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun20 to Jun21
=45319/344669.4
=0.13148542

Gearing (Last Year: Jun20)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Jun19 to Jun20
=46563/359997.2
=0.12934267

Exxon Mobil's gearing of this year was 0.13148542. Exxon Mobil's gearing of last year was 0.12934267. ==> Last year is lower than this year ==> Score 0.

Question 6. Change in Working Capital (Liquidity)

Compare this year's current ratio (current assets divided by current liabilities) to last year's current ratio.

Score 1 if this year's current ratio is higher, 0 if it's lower

Current Ratio (This Year: Jun21)=Total Current Assets/Total Current Liabilities
=52842/62238
=0.84903114

Current Ratio (Last Year: Jun20)=Total Current Assets/Total Current Liabilities
=53016/57270
=0.92572027

Exxon Mobil's current ratio of this year was 0.84903114. Exxon Mobil's current ratio of last year was 0.92572027. ==> Last year's current ratio is higher ==> Score 0.

Question 7. Change in Shares in Issue

Compare the number of shares in issue this year, to the number in issue last year.

Score 0 if there is larger number of shares in issue this year, 1 otherwise.

Exxon Mobil's number of shares in issue this year was 4276. Exxon Mobil's number of shares in issue last year was 4271. ==> There is larger number of shares in issue this year. ==> Score 0.

Efficiency

Question 8. Change in Gross Margin

Compare this year's gross margin (Gross Profit divided by sales) to last year's.

Score 1 if this year's gross margin is higher, 0 if it's lower.

Gross Margin (This Year: TTM)=Gross Profit/Revenue
=19871/214658
=0.09257051

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=43590/213857
=0.20382779

Exxon Mobil's gross margin of this year was 0.09257051. Exxon Mobil's gross margin of last year was 0.20382779. ==> Last year's gross margin is higher ==> Score 0.

Question 9. Change in asset turnover

Compare this year's asset turnover (total sales for the year divided by total assets at the beginning of the year) to last year's asset turnover ratio.

Score 1 if this year's asset turnover ratio is higher, 0 if it's lower

Asset Turnover (This Year)=Revenue/Total Assets at the Beginning of This Year (Jun20)
=214658/361495
=0.59380628

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Jun19)
=213857/360729
=0.59284671

Exxon Mobil's asset turnover of this year was 0.59380628. Exxon Mobil's asset turnover of last year was 0.59284671. ==> This year's asset turnover is higher. ==> Score 1.

Evaluation

Piotroski F-Score= Que. 1+ Que. 2+ Que. 3+Que. 4+Que. 5+Que. 6+Que. 7+Que. 8+Que. 9
=0+1+0+1+0+0+0+0+1
=3

Good or high score = 7, 8, 9
Bad or low score = 0, 1, 2, 3

Exxon Mobil has an F-score of 3. It is a bad or low score, which usually implies poor business operation.

Exxon Mobil  (NYSE:XOM) Piotroski F-Score Explanation

The developer of the system is Joseph D. Piotroski is relatively unknown accounting professor who shuns publicity and rarely gives interviews.

He graduated from the University of Illinois with a B.S. in accounting in 1989, received an M.B.A. from Indiana University in 1994. Five years later, in 1999, after earning a Ph.D. in accounting from the University of Michigan, he became an associate professor of accounting at the University of Chicago.

In 2000, he wrote a research paper called "Value Investing: The Use of Historical Financial Statement Information to Separate Winners from Losers" (pdf).

He wanted to see if he can develop a system (using a simple nine-point scoring system) that can increase the returns of a strategy of investing in low price to book (referred to in the paper as high book to market) value companies.

What he found was something that exceeded his most optimistic expectations.

Buying only those companies that scored highest (8 or 9) on his nine-point scale, or F-Score as he called it, over the 20 year period from 1976 to 1996 led to an average out-performance over the market of 13.4%.

Even more impressive were the results of a strategy of investing in the highest F-Score companies (8 or 9) and shorting companies with the lowest F-Score (0 or 1).

Over the same period from 1976 to 1996 (20 years) this strategy led to an average yearly return of 23%, substantially outperforming the average S&P 500 index return of 15.83% over the same period.


Exxon Mobil Piotroski F-Score Related Terms

Thank you for viewing the detailed overview of Exxon Mobil's Piotroski F-Score provided by GuruFocus.com. Please click on the following links to see related term pages.


Exxon Mobil Business Description

Exxon Mobil logo
Industry
Energy » Oil & Gas NAICS : 211120 SIC : 1311
Address
5959 Las Colinas Boulevard, Irving, TX, USA, 75039-2298
ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2020, it produced 2.3 million barrels of liquids and 8.5 billion cubic feet of natural gas per day. At the end of 2019, reserves were 15.2 billion barrels of oil equivalent, 58% of which were liquids. The company is the world's largest refiner with a total global refining capacity of 4.8 million barrels of oil per day and one of the world's largest manufacturers of commodity and specialty chemicals.
Executives
Milton Bryan W officer: Vice President 5959 LAS COLINAS BOULEVARD IRVING TX 75039-2298
Carr Ian S officer: Vice President 5959 LAS COLINAS BOULEVARD C/O EXXON MOBIL CORPORATION IRVING TX 75039-2298
Greenlee Stephen M officer: Vice President C/O EXXON MOBIL CORPORATION 5959 LAS COLINAS BOULEVARD IRVING TX 75039-2298
Reinemund Steven director 700 ANDERSON HILL RD PURCHASE NY 10577
Schleckser Robert N officer: Vice President and Treasurer 5959 LAS COLINAS BOULEVARD IRVING TX 75039-2298
Swiger Andrew P officer: Senior Vice President C/O EXXON MOBIL CORPORATION 5959 LAS COLINAS BLVD. IRVING TX 75039-2298
Duffin Neil W officer: Vice President C/O EXXON MOBIL CORPORATION 5959 LAS COLINAS BLVD. IRVING TX 75039-2298
Ebner Randall M officer: Vice President & Gen. Counsel 5959 LAS COLINAS BOULEVARD IRVING TX 75039-2298
Littleton Stephen A officer: Vice President and Secretary 5959 LAS COLINAS BOULEVARD IRVING TX 75039-2298
Hansen Neil A officer: Vice President and Secretary 5959 LAS COLINAS BOULEVARD IRVING TX 75039-2298
Weldon William C director 100 ALBANY STREET SUITE #200 NEW BRUNSWICK NJ 08901
Woods Darren W director, officer: Chairman and CEO C/O EXXON MOBIL CORPORATION 5959 LAS COLINAS BOULEVARD IRVING TX 75039-2298
Oberhelman Douglas R director 100 NE ADAMS STREET PEORIA IL 61629
Avery Susan K director 5959 LAS COLINAS BOULEVARD IRVING TX 75039-2298
Kandarian Steven A director METLIFE 200 PARK AVENUE NEW YORK NY 10166

Exxon Mobil Headlines

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