Exxon Mobil (UKEX:XOM) Reserve Replacement Ratio % : 0.00% (As of . 20)

View and export this data going back to 2021. Start your Free Trial

What is Exxon Mobil Reserve Replacement Ratio %?

Reserve Replacement Ratio % (RRR) is a metric used by investors to judge an oil company's operating performance. It is the amount of oil added to a company's reserves divided by the amount extracted for production.

The historical rank and industry rank for Exxon Mobil's Reserve Replacement Ratio % or its related term are showing as below:

UKEX:XOM's Reserve Replacement Ratio % is not ranked ^*
in the Oil & Gas industry.
Industry Median:
* Ranked among companies with meaningful Reserve Replacement Ratio % only.

Exxon Mobil Reserve Replacement Ratio % Historical Data

The historical data trend for Exxon Mobil's Reserve Replacement Ratio % 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 Reserve Replacement Ratio % Chart

Exxon Mobil (UKEX:XOM) Reserve Replacement Ratio % Explanation

Reserve Replacement Ratio % is a metric used by investors to judge an oil company's operating performance. It measures the amount of proved reserves added to a company's reserve base during the year, relative to the amount of oil and gas that the company has produced.

According to conventional market wisdom, when demand is stable, a company's reserve-replacement ratio must be at least 100% for the company to sustain current production levels. Any figure greater than 100% likely indicates that the company has room for growth. Conversely, any number less than 100% telegraphs a cause for concern that the company may soon run out of oil.

This ratio can sometimes be affected by new technologies, changes to supply and demand dynamics and fluctuating oil prices. A high reserve-replacement ratio achieved through organic replacement is considered better than a high reserve-replacement ratio achieved through purchasing proved reserves.

Exxon Mobil Reserve Replacement Ratio % Related Terms

Thank you for viewing the detailed overview of Exxon Mobil's Reserve Replacement Ratio % provided by GuruFocus.com. Please click on the following links to see related term pages.

Exxon Mobil (UKEX:XOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Exxon Mobil Corp (UKEX:XOM) » Definitions » Reserve Replacement Ratio %

Comparable Companies

Traded in Other Exchanges

XOM:USA XOM:Peru XOM:Mexico 1XOM:Italy XONAd:UK 0R1M:UK XONA:Germany XOM:Chile XOM:Canada EXXO34:Brazil XOM:Austria XOM:Argentina

Address

5959 Las Colinas Boulevard, Irving, TX, USA, 75039-2298

Website

https://www.exxonmobil.com

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.