Exxon Mobil (MEX:XOM) ROCE %: 7.79% (As of Mar. 2026)


MEX:XOM Exxon Mobil Corp MEX:XOM
69 GF Score
Price MXN2,396.00
GF Value MXN2,004.52
Valuation Modestly Overvalued
! 1 Warning Sign
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What is Exxon Mobil ROCE %?

Exxon Mobil MEX:XOM -0.58% 69 ROCE % is 7.79% as of Mar. 2026. GuruFocus rates MEX:XOM with a GF Score™ of 69/100 and a GF Value™ of MXN2,004.52 (Modestly Overvalued). The stock has 1 warning sign investors should review.

ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Exxon Mobil's annualized ROCE % for the quarter that ended in Mar. 2026 was 7.79%.

Exxon Mobil  (MEX:XOM) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Exxon Mobil ROCE % Related Terms

Exxon Mobil ROCE % Historical Data

* Premium members only.

The historical data trend for Exxon Mobil's ROCE % 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.

Exxon Mobil ROCE % Chart

Exxon Mobil Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
ROCE %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 11.70 26.31 16.36 15.67 10.21

Exxon Mobil Quarterly Data
Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26
ROCE % 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 12.29 10.98 11.51 8.62 7.79
MEX:XOM
69GF Score
Exxon Mobil Corp MEX:XOM
ROCE % is just one metric. See GF Score™, valuation, warning signs, and more.
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Exxon Mobil ROCE % Calculation

Exxon Mobil's annualized ROCE % for the fiscal year that ended in Dec. 2025 is calculated as:

ROCE %=EBIT/( (Capital Employed+Capital Employed)/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(A: Dec. 2025 )  (A: Dec. 2024 )(A: Dec. 2025 )
=753916.665/( ( (9457538.551 - 1466301.699) + (8084199.191 - 1302352.282) )/ 2 )
=753916.665/( (7991236.852+6781846.909)/ 2 )
=753916.665/7386541.8805
=10.21 %

Exxon Mobil's ROCE % of for the quarter that ended in Mar. 2026 is calculated as:

ROCE %=EBIT (1)/( (Capital Employed+Capital Employed)/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=EBIT/( ( (Total Assets - Total Current Liabilities)+(Total Assets - Total Current Liabilities) )/ count )
(Q: Mar. 2026 )  (Q: Dec. 2025 )(Q: Mar. 2026 )
=523813.872/( ( (8084199.191 - 1302352.282) + (8374566.214 - 1701890.162) )/ 2 )
=523813.872/( ( 6781846.909 + 6672676.052 )/ 2 )
=523813.872/6727261.4805
=7.79 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2026) EBIT data.

* 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.

Frequently Asked Questions Learn more about ROCE % →
What does a ROCE % of 7.79% mean?
Exxon Mobil (MEX:XOM) has a ROCE % of 7.79% as of Mar. 2026.
Is Exxon Mobil's ROCE % too high?
Exxon Mobil's current ROCE % is 7.79%. The Oil & Gas industry median ROCE % is 6.79. Exxon Mobil's value of 7.79% is 14.7% above this industry median. Overall, Exxon Mobil has a GF Score™ of 69/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does Exxon Mobil's ROCE % compare to CVX and NFG?
Exxon Mobil's ROCE % of 7.79% can be compared against companies in the Oil & Gas industry. The industry median ROCE % is 6.79. Exxon Mobil's value of 7.79% is 14.7% above this benchmark. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good ROCE % for an Oil & Gas company?
The median ROCE % among Oil & Gas companies is 6.79, based on 977 companies in the industry. Companies in the top quartile (top 25%) have a ROCE % significantly above this median, while those in the bottom quartile fall well below. However, ROCE % should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. Exxon Mobil's current ROCE % of 7.79% is 14.7% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high ROCE % mean?
A high ROCE % can signal that a stock is expensive relative to its fundamentals. For the Oil & Gas industry, the median ROCE % is 6.79 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. Exxon Mobil's current ROCE % is 7.79%. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is Exxon Mobil stock overvalued right now?
Based on GuruFocus' analysis, Exxon Mobil (MEX:XOM) is currently considered Modestly Overvalued. The stock's GF Value™ is MXN2,004.52, compared to a current price of MXN2,396.00 — trading 19.5% above its estimated fair value. The current ROCE % is 7.79% and 14.7% above the Oil & Gas industry median of 6.79. Exxon Mobil's overall GF Score™ is 69/100 with 1 warning sign to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is ROCE % calculated?
ROCE % is calculated from a company's financial statements. For Exxon Mobil (MEX:XOM), the current ROCE % is 7.79% as of Mar. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is Exxon Mobil (MEX:XOM) Overvalued in 2026?

Based on GuruFocus' analysis, Exxon Mobil stock appears to be overvalued. The current stock price of MXN2,396.00 is trading 19.5% above its estimated GF Value™ of MXN2,004.52. GuruFocus considers Exxon Mobil to be Modestly Overvalued.

Key valuation signals for MEX:XOM:

  • ROCE %: 7.79%
  • GF Value™: MXN2,004.52 vs. price of MXN2,396.00 (19.5% above fair value)
  • GF Score™: 69/100 with 1 warning sign
  • Industry Position: 14.7% above the Oil & Gas median

No single metric tells the full story. See the MEX:XOM stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

Exxon Mobil Business Description

Industry EnergyOil & Gas
Address 22777 Springwoods Village Parkway, Spring, TX, USA, 77389-1425
ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil worldwide. In 2025, it produced 3.3 million barrels of liquids and 8.4 billion cubic feet of natural gas per day. At the end of 2025, reserves were 19.3 billion barrels of oil equivalent, 69% of which were liquids. The company is one of the world's largest refiners, with a total global refining capacity of 4.1 million barrels of oil per day, and is one of the world's largest manufacturers of commodity and specialty chemicals.
69GF Score

Get the complete analysis for MEX:XOM

ROCE % is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

MXN2,396.00
Price
MXN2,004.52
GF Value