Oil, gas and chemicals. We rebuild its market value from the price, split it into its parts, and compare its multiples with those of its largest competitors.
Verified figures, not advice. Every number on this page comes from the company's own filings or from exchange prices, and the source is linked. Every calculation is shown, so you can repeat it. What we do not do is tell you what a share should be worth or whether to buy it: that depends on your goals and on forecasts, and no multiple can settle it. This is a snapshot: prices of 12 Oct 2026, company results up to mid 2026. Found a mistake? Tell us and we correct it.
StepNumberWhere it comes from
Share price (nominal value)
$172.15
Close of 12 Oct 2026
Shares outstanding
4.11 bn
Latest report or filing, as of 2026-06-30
Market capitalisation
$707.9bn
Price x shares
Market capitalisation is the value the stock market puts on all the shares together. It is the nominal share price multiplied by the number of shares.
Building blockAmountMeaning
Market capitalisation
$707.9bn
What the market asks for all the shares
+ Debt
$42.4bn
Borrowings, leases for premises excluded
- Cash
$10.6bn
Cash and equivalents
- Short-term investments
$0.0bn
Marketable securities due within a year
+ Minority interests
$6.7bn
Part of subsidiaries owned by others
Enterprise value (EV)
$746.4bn
The price of the whole business, as a buyer would see it
Of the $707.9bn market value, accounting book equity is $259.4bn. The remaining $448.5bn is what investors pay above the books: brands, software, customer relationships and expected growth that the balance sheet does not record. Price to book is 2.7x.
Context: ExxonMobil earns an EBITDA margin of 21%. The peers earn 26%, 42% (median 34%). A company that keeps more of each dollar of sales often trades at a higher multiple.
Chevron and ConocoPhillips are the closest large US oil and gas producers. ExxonMobil also has a large refining and chemicals business.
- EV / EBITDA: 9.8x against a peer median of 7.4x (mean 7.4x). Difference to the median: +32%.
- EV / sales: 2.0x against a peer median of 2.5x (mean 2.5x). Difference: -17%.
- P/E: 21.6x against a peer median of 19.2x. Difference: +12%.
These are descriptions of today's prices, not forecasts. "n.m." means not meaningful, for example negative profit.
Prices of 12 Oct 2026 from exchange historical data. Share counts, debt, cash and results from each company's filings, read on 13 and 14 October 2026. Foreign companies are converted at one stated rate.
Exxon Mobil Corporation (XOM)
- sec.gov (shares_outstanding)
- sec.gov (FY2025 income statement and cash flow)
- sec.gov (H1 2025 identified items)
Chevron Corporation (CVX)
- sec.gov (shares_outstanding)
- sec.gov (FY2025 income statement and cash flow)
ConocoPhillips (COP)
- sec.gov (shares_outstanding)
- sec.gov (FY2025 income statement and cash flow)
Questions people ask
Does a higher multiple than competitors mean the share is overvalued?
No. It means investors pay more per dollar of sales or profit. The reason can be faster growth, higher margins or lower risk, or it can be excess optimism. A multiple gap is a question to investigate, not an answer.
Why use enterprise value and not only market cap?
Market cap prices the shares only. Enterprise value adds debt and subtracts cash, so it compares the whole business regardless of how it is financed.
Why show both the mean and the median of competitors?
The mean is pulled up by one extreme value. The median is the middle value and resists outliers. When they differ a lot, trust the median more.