Exxon Mobil (XOM)
What the price implies
A reverse DCF: instead of guessing a fair value, it asks what growth today's price already assumes. How it works.
At a market value of $698.5B, Exxon Mobil's free cash flow of $23.6B (fiscal 2025) would need to grow about 10% a year for the stock to be worth today's price. That is slower than the company has grown its free cash flow over the last 9 years.
Assumes a 9% discount rate and 3% growth after year 10, on free cash flow (operating cash flow minus capital spending) from Exxon Mobil's SEC filings. Change any assumption, or model revenue and margins instead, in the Modeling tab, or try your own numbers in the reverse DCF calculator.
Fundamental grade
Five factors scored 1 to 9 from XOM's latest numbers, weighted into one grade. It describes the business, not whether the stock is a buy.
Key numbers
Results from SEC filings
Fiscal years, from Exxon Mobil's 10-K filings. The deep dive has 15+ years, quarters and every line.
| Fiscal year | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|
| Revenue | $276.7B | $413.7B | $344.6B | $349.6B | $332.2B |
| Net income | $23.0B | $55.7B | $36.0B | $33.7B | $28.8B |
| Free cash flow | $36.1B | $58.4B | $33.5B | $30.7B | $23.6B |
| EPS (diluted) | $5.39 | $13.26 | $8.89 | $7.84 | $6.70 |
| Operating margin | 8.1% | 18.8% | 15.3% | 14.0% | 12.4% |
Superinvestors who own XOM
From each investor's latest 13F filing (what a 13F shows). 13 of the investors we track hold it.
| Investor | Last quarter | Value | % of portfolio | Quarter |
|---|---|---|---|---|
| Hersh Cohen ClearBridge Investments |
Added | $1.2B | 0.96% | Q2 2026 |
| Cliff Asness AQR Capital Management |
Added | $600M | 0.21% | Q2 2026 |
| Richard Pzena Pzena Investment Management |
Trimmed | $81M | 0.24% | Q2 2026 |
| Joel Greenblatt Gotham Asset Management |
Trimmed | $39M | 0.09% | Q2 2026 |
| PRIMECAP Management PRIMECAP Management Co |
Held | $34M | 0.02% | Q2 2026 |
| Jean-Marie Eveillard First Eagle Investment Management |
Trimmed | $18M | 0.03% | Q2 2026 |
| Dodge & Cox Dodge & Cox |
Held | $10M | 0.00% | Q2 2026 |
| Tom Gayner Markel Group Inc. |
Added | $8M | 0.06% | Q2 2026 |
| Eric Marshall Hodges Capital Management |
Trimmed | $7M | 0.45% | Q2 2026 |
| Mario Gabelli GAMCO Investors |
Trimmed | $6M | 0.06% | Q2 2026 |
| Murray Stahl Horizon Kinetics LLC |
Trimmed | $5M | 0.06% | Q2 2026 |
| Thomas Kahn Kahn Brothers Group |
Trimmed | $2M | 0.38% | Q2 2026 |
Insider buying
Open-market purchases by Exxon Mobil's executives and directors in the last 12 months, from SEC Form 4 filings. What insider buying tells you.
| Date | Insider | Shares | Price | Value |
|---|---|---|---|---|
| Feb 10, 2026 | Gilbert Ray Cisneros, Jr. |
0 | $151.69 | — |
| Feb 10, 2026 | Gilbert Ray Cisneros, Jr. |
0 | $151.69 | — |
| Feb 10, 2026 | Gilbert Ray Cisneros, Jr. |
0 | $151.69 | — |
| Feb 4, 2026 | Josh Gottheimer |
0 | $147.58 | — |
| Feb 4, 2026 | Josh Gottheimer |
0 | $147.58 | — |
| Feb 4, 2026 | Josh Gottheimer |
0 | $147.58 | — |
| Feb 2, 2026 | Josh Gottheimer |
0 | $138.51 | — |
| Feb 2, 2026 | Josh Gottheimer |
0 | $138.51 | — |
| Feb 2, 2026 | Josh Gottheimer |
0 | $138.51 | — |
| Jan 8, 2026 | John Boozman |
0 | $122.76 | — |
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In the full deep dive
Questions
What growth does Exxon Mobil's stock price imply?
At a market value of $698.5B, Exxon Mobil would need its free cash flow to grow about 10% a year for 10 years (discounted at 9%, 3% growth after that) to be worth today's price. Over the last 9 years its free cash flow grew 17% a year.
Are Exxon Mobil insiders buying the stock?
10 open-market insider purchases of XOM in the last 12 months, from SEC Form 4 filings.
Which superinvestors own Exxon Mobil?
13 of the superinvestors Investingly tracks hold XOM in their latest 13F, including Hersh Cohen, Cliff Asness, Richard Pzena.
Prices and ratios as of Oct 7, 2026; statements from SEC filings. Information only, not investment advice. Superinvestor holdings come from 13F filings, which are filed up to 45 days after each quarter ends.