XOM (Exxon Mobil Corp) vs S&P 500 Comparison

XOM

S&P 500

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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XOM

S&P 500

Difference

1Y 3Y 5Y 10Y 15Y 20Y

XOM

S&P 500

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Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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S&P 500

XOM

2222

CVX

601857

SHEL

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1Y 3Y 5Y 10Y 15Y 20Y

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

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Exxon Mobil Corp
Glance View

Economic Moat

Narrow

Market Cap

480.3B USD

Industry

Energy

Exxon Mobil Corp., a stalwart of the energy sector, traces its roots back to John D. Rockefeller's Standard Oil, and today stands as one of the largest publicly traded energy providers in the world. Operating in over 200 countries, Exxon Mobil is deeply involved in nearly every aspect of the oil and gas industry, from exploration and extraction to refining, distribution, and sales. At the heart of Exxon's operations is its integrated business model that weaves together its upstream, downstream, and chemical segments. Upstream, Exxon explores and extracts crude oil and natural gas from reserves globally, leveraging advanced technologies and strategic partnerships. The company’s downstream operations then refine these resources into petroleum products, offering a wide range of fuels, lubricants, and petrochemicals. In its quest to capture value across the supply chain, Exxon Mobil also engages in marketing these products to commercial, industrial, and retail consumers worldwide. Their extensive global reach in logistics and distribution ensures the efficient delivery of products, which is crucial to maintaining competitive advantages and operational efficiencies. Furthermore, the chemicals segment plays a vital role in transforming byproducts of the refining process into high-value chemical products, diversifying their revenue streams. By focusing on integration and strategic investments in technology and resource management, Exxon Mobil not only responds to market demands but also positions itself to adapt to future shifts within the energy landscape, pursuing initiatives in sustainable energy as part of its long-term strategic evolution.

View XOM Analysis

XOM Intrinsic Value

What is Intrinsic Value?

Economic Moat is a concept popularized by Warren Buffett to describe a company's durable competitive advantage. It represents the 'moat' that protects a company from competitors and helps it sustain profitability over the long term. Our analysis of the past 10 years showed that companies with a wide economic moat significantly outperformed the market, delivering +645% returns compared to +189% for the S&P 500.

Our research into Economic Moat performance spans the past 10 years and focuses on companies with a wide economic moat. For this analysis, we calculated the average stock price returns of these companies, comparing them to the performance of the S&P 500 index over the same period.

The results were compelling: wide moat stocks achieved a remarkable +645% average return, compared to +188% for the broader market. This difference highlights the long-term benefits of investing in businesses that can maintain their market position and pricing power over time.

Note: This research does not account for survivorship bias. Past performance is not indicative of future results.

Determining whether a company has an economic moat requires both a deep dive into financial metrics and a qualitative assessment of its competitive position. Our analysts conduct a rigorous evaluation that focuses on identifying structural advantages that enable a company to sustain profitability and defend its market share over the long term.

The process begins with an analysis of a company’s historical financial performance. We assess how consistently the company has generated returns above its cost of capital and whether those returns have been stable or improving. However, financial performance alone doesn’t reveal the full picture. To understand the sources of these advantages, we evaluate five key drivers of economic moats:

Network Effect: We analyze whether the value of a company’s product or service grows as its user base expands. Platforms like payment systems or marketplaces benefit from this self-reinforcing.

Switching Costs: We assess whether customers face significant costs or disruptions when switching to a competitor’s product or service. High switching costs create customer stickiness and provide pricing power.

Intangible Assets: Strong brands, patents, and regulatory licenses can protect a company’s market position by creating barriers for competitors or enabling premium pricing. For example, a well-recognized consumer brand may command higher customer loyalty and margins.

Efficient scale: Occurs when a market is optimally served by one or a few players, making it unprofitable for new entrants to compete. This typically happens in industries with high fixed costs or geographic constraints, such as utilities or pipelines.

Cost Advantage: Companies with structural cost advantages can produce goods or services at a lower cost than their competitors, enabling them to offer competitive pricing or maintain higher margins. These advantages often arise from economies of scale, superior supply chain management, or proprietary technology. Firms like Walmart leverage their massive scale to negotiate better terms with suppliers, allowing them to undercut competitors on price.

By examining these factors in combination with a company’s financial performance and market positioning, we classify each company into one of three categories:

This rigorous evaluation ensures that our moat ratings are both comprehensive and reliable, giving investors the tools they need to make well-informed, long-term decisions.

SA		Saudi Arabian Oil Co SAU:2222	Add
US		Chevron Corp NYSE:CVX	Add
CN		PetroChina Co Ltd SSE:601857	Add
UK		Shell PLC LSE:SHEL	Add
NL	R	Royal Dutch Shell PLC OTC:RYDAF	Add
FR		TotalEnergies SE PAR:TTE	Add
CN		China Petroleum & Chemical Corp SSE:600028	Add
UK		BP PLC LSE:BP	Add
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	Add
NO		Equinor ASA OSE:EQNR	Add

SA		Saudi Arabian Oil Co SAU:2222	Select
US		Chevron Corp NYSE:CVX	Select
CN		PetroChina Co Ltd SSE:601857	Select
UK		Shell PLC LSE:SHEL	Select
NL	R	Royal Dutch Shell PLC OTC:RYDAF	Select
FR		TotalEnergies SE PAR:TTE	Select
CN		China Petroleum & Chemical Corp SSE:600028	Select
UK		BP PLC LSE:BP	Select
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	Select
NO		Equinor ASA OSE:EQNR	Select

SA		Saudi Arabian Oil Co SAU:2222	Add
US		Chevron Corp NYSE:CVX	Add
CN		PetroChina Co Ltd SSE:601857	Add
UK		Shell PLC LSE:SHEL	Add
NL	R	Royal Dutch Shell PLC OTC:RYDAF	Add
FR		TotalEnergies SE PAR:TTE	Add
CN		China Petroleum & Chemical Corp SSE:600028	Add
UK		BP PLC LSE:BP	Add
BR		Petroleo Brasileiro SA Petrobras BOVESPA:PETR4	Add
NO		Equinor ASA OSE:EQNR	Add

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	Salesforce Inc NYSE:CRM	319.07 USD 0.38%
	Abbvie Inc NYSE:ABBV	176.74 USD 0.9%
	Home Depot Inc NYSE:HD	389.18 USD -0.18%

XOM

vs

S&P 500

Stocks Performance
XOM vs S&P 500

Performance Gap
XOM vs S&P 500

Performance By Year
XOM vs S&P 500

Competitors Performance
Exxon Mobil Corp vs Peers

Exxon Mobil Corp
Glance View

Company

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LU		Tenaris SA MIL:TEN	Add
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	Salesforce Inc NYSE:CRM	319.07 USD 0.38%
	ServiceNow Inc NYSE:NOW	1 015.74 USD -0.86%
	EOG Resources Inc NYSE:EOG	134.49 USD 2.34%
	Copart Inc NASDAQ:CPRT	55.63 USD -0.02%
	Applied Materials Inc NASDAQ:AMAT	170.86 USD -0.46%
	Synopsys Inc NASDAQ:SNPS	487.43 USD -1.04%

	Johnson & Johnson NYSE:JNJ	144.47 USD 1.7%
	Berkshire Hathaway Inc NYSE:BRK.A	666 280 USD 0.49%
	Bank of America Corp NYSE:BAC	45.06 USD -0.11%
	Mastercard Inc NYSE:MA	504.91 USD 0.05%
	UnitedHealth Group Inc NYSE:UNH	541.14 USD 3.93%
	Exxon Mobil Corp NYSE:XOM	109.29 USD 2.58%

XOM vs S&P 500

Stocks Performance XOM vs S&P 500

Performance Gap XOM vs S&P 500

Performance By Year XOM vs S&P 500

Competitors Performance Exxon Mobil Corp vs Peers

Exxon Mobil Corp Glance View

Company

Help

Tools

Stocks

XOM

vs

S&P 500

Stocks Performance
XOM vs S&P 500

Performance Gap
XOM vs S&P 500

Performance By Year
XOM vs S&P 500

Competitors Performance
Exxon Mobil Corp vs Peers

Exxon Mobil Corp
Glance View