Exxon Mobil (WBO:XOM) Altman Z-Score

: 5.03 (As of Today)

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Good Sign:

Altman Z-score of 5.04 is strong.

Exxon Mobil has a Altman Z-Score of 5.03, indicating it is in Safe Zones. This implies the Altman Z-Score is strong.

The zones of discrimination were as such:

When Altman Z-Score <= 1.8, it is in Distress Zones.
When Altman Z-Score >= 3, it is in Safe Zones.
When Altman Z-Score is between 1.8 and 3, it is in Grey Zones.

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

WBO:XOM' s Altman Z-Score Range Over the Past 10 Years
Min: 2.46 Med: 3.93 Max: 7.18
Current: 5.04

During the past 13 years, Exxon Mobil's highest Altman Z-Score was 7.18. The lowest was 2.46. And the median was 3.93.

Exxon Mobil Altman Z-Score Historical Data

The historical data trend for Exxon Mobil's Altman Z-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

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Altman Z-Score

3.96

3.56

2.46

3.71

5.14

Exxon Mobil Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Altman Z-Score																3.71	3.95	4.22	4.59	5.14

Competitive Comparison

For the Oil & Gas Integrated subindustry, Exxon Mobil's Altman Z-Score, along with its competitors' market caps and Altman Z-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.

Annual Data Quarterly Data

Exxon Mobil Altman Z-Score Distribution

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

* The bar in red indicates where Exxon Mobil's Altman Z-Score falls in comparison to its industry or sector. The grey bar indicates the Altman Z-Score's extreme value range as defined by GuruFocus.

Exxon Mobil Altman Z-Score Calculation

Altman Z-Score model is an accurate forecaster of failure up to two years prior to distress. It can be considered the assessment of the distress of industrial corporations.

Exxon Mobil's Altman Z-Score for today is calculated with this formula:

1.2

1.4

3.3

0.6

1.0

1.2

0.0775

1.4

1.1728

3.3

0.2169

0.6

2.4736

1.0

1.092

5.03

Trailing Twelve Months (TTM) ended in Dec. 2022:
Total Assets was €348,399 Mil.
Total Current Assets was €92,164 Mil.
Total Current Liabilities was €65,178 Mil.
Retained Earnings was €408,620 Mil.
Pre-Tax Income was 17786.847999972 + 25676.220000026 + 23586.618000698 + 7768.8480000218 = €74,819 Mil.
Interest Expense was -195.40799999969 + -211.09000000021 + -183.52400000543 + -170.70400000048 = €-761 Mil.
Revenue was 87946.815999859 + 107577.12000011 + 105256.69000312 + 79662.472000223 = €380,443 Mil.
Market Cap (Today) was €389,014 Mil.
Total Liabilities was €157,265 Mil.

* Note that for stock reported semi-annually or annually, GuruFocus uses latest annual data as the TTM data.

X1	=	Working Capital	/	Total Assets
	=	(Total Current Assets - Total Current Liabilities)	/	Total Assets
	=	(92163.663999853 - 65178.479999896)	/	348399.24799944
	=	0.0775

X2	=	Retained Earnings	/	Total Assets
	=	408619.83999935	/	348399.24799944
	=	1.1728

X3	=	Earnings Before Interest and Taxes	/	Total Assets
	=	(Pre-Tax Income - Interest Expense)	/	Total Assets
	=	(74818.534000717 - -760.72600000581)	/	348399.24799944
	=	0.2169

X4	=	Market Value Equity	/	Book Value of Total Liabilities
	=	Market Cap	/	Total Liabilities
	=	389013.850	/	157264.73599975
	=	2.4736

X5	=	Revenue	/	Total Assets
	=	380443.09800331	/	348399.24799944
	=	1.092

The zones of discrimination were as such:

Distress Zones - 1.81 < Grey Zones < 2.99 - Safe Zones

Exxon Mobil has a Altman Z-Score of 5.03 indicating it is in Safe Zones.

Study by Altman found that companies that are in Distress Zone have more than 80% of chances of bankruptcy in two years.

Exxon Mobil (WBO:XOM) Altman Z-Score Explanation

X1: The Working Capital/Total Assets (WC/TA) ratio is a measure of the net liquid assets of the firm relative to the total capitalization. Working capital is defined as the difference between current assets and current liabilities. Ordinarily, a firm experiencing consistent operating losses will have shrinking current assets in relation to total assets. Altman found this one proved to be the most valuable liquidity ratio comparing with the current ratio and the quick ratio. This is however the least significant of the five factors.

X2: Retained Earnings/Total Assets: the RE/TA ratio measures the leverage of a firm. Retained earnings is the account which reports the total amount of reinvested earnings and/or losses of a firm over its entire life. Those firms with high RE, relative to TA, have financed their assets through retention of profits and have not utilized as much debt.

X3, Earnings Before Interest and Taxes/Total Assets (EBIT/TA): This ratio is a measure of the true productivity of the firm's assets, independent of any tax or leverage factors. Since a firm's ultimate existence is based on the earning power of its assets, this ratio appears to be particularly appropriate for studies dealing with corporate failure. This ratio continually outperforms other profitability measures, including cash flow.

X4, Market Value of Equity/Book Value of Total Liabilities (MVE/TL): The measure shows how much the firm's assets can decline in value (measured by market value of equity plus debt) before the liabilities exceed the assets and the firm becomes insolvent.

X5, Revenue/Total Assets (S/TA): The capital-turnover ratio is a standard financial ratio illustrating the sales generating ability of the firm's assets.

Be Aware

Altman Z-Score does not apply to financial companies.

Exxon Mobil Altman Z-Score Related Terms

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

Exxon Mobil (WBO:XOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Exxon Mobil Corp (WBO:XOM) » Definitions » Altman Z-Score

Comparable Companies

Traded in Other Exchanges

XOM:USA XOM:Mexico 0R1M:UK XONA:Germany XOM:Chile EXXO34:Brazil 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 2021, it produced 2.3 million barrels of liquids and 8.5 billion cubic feet of natural gas per day. At the end of 2021, reserves were 18.5 billion barrels of oil equivalent, 66% 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 one of the world's largest manufacturers of commodity and specialty chemicals.