In the integrated oil & gas corporation industry, Exxon Mobil (XOM) is the largest company. In terms of market cap, Exxon Mobil falls as second after Apple Inc. that has the highest market cap in the world. The historical performance of Exxon Mobil has been outstanding in terms of profitability. The company has managed to become the world’s highest profitable company in last ten years. Its revenues have been growing consistently by 4.5% on yearly basis since last ten years.
The company has the record of generating the world’s highest revenues and profit for a year in the world. It is obvious that the energy consumption is increasing each year as the population and the needs of the countries are increasing. The highest needs for the energy products are from Asian Countries, as Exxon Mobil has generated the highest revenues from the Asian Countries. The energy demand is expected to increase in near future that can help the company to gain on higher level. The price to earnings ratio of Exxon Mobil in past ten years is averaged as 11.5 which is quite good. But Exxon stocks are quite overvalued considering the price the earnings ratio of the company. Exxon Stocks price are majorly influenced by the share repurchase of the company, fact!
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