What is the long term debt of Exxon? (2024)

What is the long term debt of Exxon?

Long term debt can be defined as the sum of all long term debt fields. Exxon long term debt for the quarter ending September 30, 2023 was $36.510B, a 6.97% decline year-over-year. Exxon long term debt for 2022 was $40.559B, a 6.61% decline from 2021.

How much is Exxon in debt?

How Much Debt Does Exxon Mobil Carry? As you can see below, Exxon Mobil had US$39.5b of debt at September 2023, down from US$45.4b a year prior. However, it also had US$32.9b in cash, and so its net debt is US$6.57b.

How much debt is Exxon Mobil in 2023?

Total debt on the balance sheet as of September 2023 : $41.25 B. According to Exxon Mobil's latest financial reports the company's total debt is $41.25 B. A company's total debt is the sum of all current and non-current debts.

What is Exxon long term outlook?

Exxon Mobil stock price stood at $99.95

According to the latest long-term forecast, Exxon Mobil price will hit $100 by the middle of 2024 and then $110 by the middle of 2025. Exxon Mobil will rise to $125 within the year of 2026, $150 in 2027 and $200 in 2031.

What is the total liabilities of Exxon Mobil?

Exxon Mobil Total Liabilities (Quarterly): 164.73B for Sept. 30, 2023.

What oil companies are most in debt?

Pemex has been the world's most indebted oil company for several years. Its debt is over $100bn, equivalent to 8% of Mexico's GDP.

How much cash does Exxon have on its balance sheet?

XOM Balance Sheet
Cash and Short Term Investments3294429640
Cash & Equivalents3294429640
Short Term Investments--
Total Receivables, Net4181441749
Accounts Receivables - Trade, Net4181432844
4 more rows

Where will Exxon be in 5 years?

What will the XONA price be in 5 years and 10 years – forecast by years. According to the Traders Union long-term price forecast Exxon Mobil (XONA) can reach 120.7 USD by 2025, 203.8 USD by 2030, 309.86 USD by 2034.

How much cash does Exxon have?

Cash on Hand as of September 2023 : $32.94 B

According to Exxon Mobil's latest financial reports the company has $32.94 B in cash and cash equivalents. A company's cash on hand also refered as cash/cash equivalents (CCE) and Short-term investments, is the amount of accessible money a business has.

Who has the most debt in the world 2023?

At the top is Japan, whose national debt has remained above 100% of its GDP for two decades, reaching 255% in 2023.

Is Exxon a buy or hold?

Exxon Mobil has a conensus rating of Moderate Buy which is based on 14 buy ratings, 6 hold ratings and 0 sell ratings. The average price target for Exxon Mobil is $127.00. This is based on 20 Wall Streets Analysts 12-month price targets, issued in the past 3 months.

Is Exxon Mobil undervalued?

XOM Target Price

This means that XOM stock is severely undervalued. For example, using an 8% FCF yield metric, we can estimate that its market cap could rise to $562 billion (i.e., $45b/0.08=$562.5 billion). That is $162.5 billion higher than its present $400 billion market capitalization, or 40.6% higher.

What is the highest Exxon stock has ever been?

Exxon - 54 Year Stock Price History | XOM
  • The all-time high Exxon stock closing price was 119.11 on September 27, 2023.
  • The Exxon 52-week high stock price is 120.70, which is 21.2% above the current share price.
  • The Exxon 52-week low stock price is 95.77, which is 3.8% below the current share price.

What is Exxon debt to equity ratio?

30, 2023.

Why is ExxonMobil so expensive?

The impact of crude oil prices

Crude oil is by far the largest factor in the price of a gallon of gasoline. The U.S. does not produce enough crude oil to meet our country's demands, therefore oil companies like ExxonMobil have to purchase crude oil – at market prices – to produce gasoline and other products.

How much did ExxonMobil profit last year?

Compare XOM With Other Stocks
Exxon Annual Gross Profit (Millions of US $)
2019$53,786
2018$64,695
2017$53,352
2016$44,475
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What is the richest American oil company?

ExxonMobil ranks first among United States' top ten oil and gas producing companies based on market capitalization. As of December 8, 2023, the Texas-based oil supermajor had a market cap of 309.75 billion U.S. dollars.

Who owned 90% of the oil industry?

In the end, Rockefeller made a deal with the other company, which gave Standard Oil ownership of nearly all the oil pipelines in the nation. By 1880, Standard Oil owned or controlled 90 percent of the U.S. oil refining business, making it the first great industrial monopoly in the world.

Which oil company is the richest?

Saudi Aramco

Is Exxon having record profits?

Exxon is flush with cash. The company posted unprecedented profits last year of $55.7 billion, breezing past its previous record of $45.22 billion in 2008 when oil prices hit record highs. Elevated levels of cash for all big producers are driving a massive consolidation in the energy sector.

How does Exxon make most of its money?

ExxonMobil Corp. (XOM) is one of the biggest oil companies in the world. Its primary business is the exploration for, and production of, crude oil and natural gas, as well as the manufacture, trade, and transportation of crude oil, natural gas, petroleum products, and petrochemicals.

Is Exxon a Fortune 100 company?

2022 Fortune 100 Top 10

Apple. CVS Health. UnitedHealth Group. Exxon Mobil.

Did Exxon buy out Mobil?

In 1998, the two companies agreed to merge and form ExxonMobil, with the deal closing on November 30, 1999.

Why is Exxon dropping?

Exxon Stock: Fundamental Analysis

Lower chemical margins were a factor contributing to the drop. The oil giant had been one of one of America's most profitable companies. However, its 49% quarterly earnings drop in the third quarter followed a 53% drop in Q2, and three quarters of slowing growth prior to that.

Is it worth it to buy XOM?

Exxon Mobil Corp (XOM) stock now has a 3.95% dividend yield to new investors at today's price. That makes XOM stock attractive to value buyers. In addition, put premiums are at high levels.

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