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Exxon Mobil (WBO:XOM) Piotroski F-Score : 5 (As of May. 22, 2024)


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What is Exxon Mobil Piotroski F-Score?

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 5 indicating the company's financial situation is typical for a stable company.

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

WBO:XOM' s Piotroski F-Score Range Over the Past 10 Years
Min: 3   Med: 6   Max: 9
Current: 5

During the past 13 years, the highest Piotroski F-Score of Exxon Mobil was 9. The lowest was 3. 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 Piotroski F-Score Chart

Exxon Mobil Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Piotroski F-Score
Get a 7-Day Free Trial Premium Member Only Premium Member Only 3.00 3.00 8.00 9.00 6.00

Exxon Mobil Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Piotroski F-Score Get a 7-Day Free Trial 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 9.00 8.00 7.00 6.00 5.00

Competitive Comparison of Exxon Mobil's Piotroski F-Score

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's Piotroski F-Score Distribution in the Oil & Gas Industry

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 (Mar24) TTM:Last Year (Mar23) TTM:
Net Income was 7273.24 + 8498.59 + 6996.71 + 7562.4 = €30,331 Mil.
Cash Flow from Operations was 8660.509 + 14957.331 + 12546.394 + 13490.88 = €49,655 Mil.
Revenue was 74573.785 + 82990.09 + 74907.896 + 73978.12 = €306,450 Mil.
Gross Profit was 18547.685 + 20972.871 + 16233.651 + 17394.44 = €73,149 Mil.
Average Total Assets from the begining of this year (Mar23)
to the end of this year (Mar24) was
(344992.514 + 335277.904 + 348806.683 + 345082.689 + 347684.56) / 5 = €344368.87 Mil.
Total Assets at the begining of this year (Mar23) was €344,993 Mil.
Long-Term Debt & Capital Lease Obligation was €29,636 Mil.
Total Current Assets was €91,427 Mil.
Total Current Liabilities was €66,167 Mil.
Net Income was 16886.1 + 19856.6 + 12036 + 10675.62 = €59,454 Mil.

Revenue was 105256.69 + 107577.12 + 87946.816 + 78123.496 = €378,904 Mil.
Gross Profit was 28867.19 + 29649.56 + 25463.456 + 22379.574 = €106,360 Mil.
Average Total Assets from the begining of last year (Mar22)
to the end of last year (Mar23) was
(322132.068 + 347914.204 + 373853.52 + 348399.248 + 344992.514) / 5 = €347458.3108 Mil.
Total Assets at the begining of last year (Mar22) was €322,132 Mil.
Long-Term Debt & Capital Lease Obligation was €36,566 Mil.
Total Current Assets was €90,807 Mil.
Total Current Liabilities was €62,266 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 30,331. ==> Positive ==> Score 1.

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 49,655. ==> 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 (Mar23)
=30330.94/344992.514
=0.08791768

ROA (Last Year)=Net Income/Total Assets (Mar22)
=59454.32/322132.068
=0.18456505

Exxon Mobil's return on assets of this year was 0.08791768. Exxon Mobil's return on assets of last year was 0.18456505. ==> 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 30,331. Exxon Mobil's current Cash Flow from Operations (TTM) was 49,655. ==> 49,655 > 30,331 ==> 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: Mar24)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar23 to Mar24
=29635.96/344368.87
=0.08605877

Gearing (Last Year: Mar23)=Long-Term Debt & Capital Lease Obligation/Average Total Assets from Mar22 to Mar23
=36566.1/347458.3108
=0.10523881

Exxon Mobil's gearing of this year was 0.08605877. Exxon Mobil's gearing of last year was 0.10523881. ==> This year is lower or equal to last year. ==> Score 1.

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: Mar24)=Total Current Assets/Total Current Liabilities
=91426.84/66167.32
=1.3817522

Current Ratio (Last Year: Mar23)=Total Current Assets/Total Current Liabilities
=90807.216/62266.044
=1.45837458

Exxon Mobil's current ratio of this year was 1.3817522. Exxon Mobil's current ratio of last year was 1.45837458. ==> 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 3998. Exxon Mobil's number of shares in issue last year was 4102. ==> There is smaller number of shares in issue this year, or the same. ==> Score 1.

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
=73148.647/306449.891
=0.23869693

Gross Margin (Last Year: TTM)=Gross Profit/Revenue
=106359.78/378904.122
=0.28070368

Exxon Mobil's gross margin of this year was 0.23869693. Exxon Mobil's gross margin of last year was 0.28070368. ==> 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 (Mar23)
=306449.891/344992.514
=0.88827983

Asset Turnover (Last Year)=Revenue/Total Assets at the Beginning of Last Year (Mar22)
=378904.122/322132.068
=1.17623844

Exxon Mobil's asset turnover of this year was 0.88827983. Exxon Mobil's asset turnover of last year was 1.17623844. ==> Last year's asset turnover is higher ==> Score 0.

Evaluation

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

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

Exxon Mobil has an F-score of 5 indicating the company's financial situation is typical for a stable company.

Exxon Mobil  (WBO: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

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Exxon Mobil (WBO:XOM) Business Description

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 2022, it produced 2.4 million barrels of liquids and 8.3 billion cubic feet of natural gas per day. At the end of 2022, reserves were 17.7 billion barrels of oil equivalent, 65% of which were liquids. The company is the world's largest refiner with a total global refining capacity of 4.6 million barrels of oil per day and is one of the world's largest manufacturers of commodity and specialty chemicals.

Exxon Mobil (WBO:XOM) Headlines

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