Financial Analysis of Exxon Mobil Corporation
Introduction
This report consists of financial analysis of Exxon Mobil Corporation and it is based on the company annual report for the fiscal year ended December 31, 2006, on the company’s official documents placed at their website and on other appropriate sources. For convenience and simplicity, in this report the terms ExxonMobil, Exxon, Esso and Mobil, as well as terms like Corporation, Company, their and its, are sometimes used as abbreviated references to specific affiliates or groups of affiliates.
This report doesn’t include calculation of share’s fair value and potential of its growth in comparison with current market price, but analysis based recommendation for Exxon Mobil shares is made in the report conclusion.
Company overview
Exxon Mobil Corporation, formerly named Exxon Corporation, was incorporated in the USA in 1882. Mobil Corporation became a wholly-owned subsidiary of Exxon Corporation in 1999, and Exxon changed its name to Exxon Mobil Corporation (Exxon Mobil Form 10-K for US Securities and exchange commission). It’s an integrated oil and gas company with several divisions and hundreds of affiliates over the world. Divisions and affiliated companies of ExxonMobil operate or market products in the United States and most other countries of the world. Their principal business is energy, involving exploration for, and production of, crude oil and natural gas, manufacture of petroleum products and transportation and sale of crude oil, natural gas and petroleum products. Exxon Mobil is a major manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a wide variety of specialty products. Exxon Mobil also has interests in electric power generation facilities. Affiliates of Exxon Mobil conduct extensive research programs in support of these businesses.
Nowadays the company has the largest energy resource base of any non-government company, and it’s the world’s largest
This report consists of financial analysis of Exxon Mobil Corporation and it is based on the company annual report for the fiscal year ended December 31, 2006, on the company’s official documents placed at their website and on other appropriate sources. For convenience and simplicity, in this report the terms ExxonMobil, Exxon, Esso and Mobil, as well as terms like Corporation, Company, their and its, are sometimes used as abbreviated references to specific affiliates or groups of affiliates.
This report doesn’t include calculation of share’s fair value and potential of its growth in comparison with current market price, but analysis based recommendation for Exxon Mobil shares is made in the report conclusion.
Company overview
Exxon Mobil Corporation, formerly named Exxon Corporation, was incorporated in the USA in 1882. Mobil Corporation became a wholly-owned subsidiary of Exxon Corporation in 1999, and Exxon changed its name to Exxon Mobil Corporation (Exxon Mobil Form 10-K for US Securities and exchange commission). It’s an integrated oil and gas company with several divisions and hundreds of affiliates over the world. Divisions and affiliated companies of ExxonMobil operate or market products in the United States and most other countries of the world. Their principal business is energy, involving exploration for, and production of, crude oil and natural gas, manufacture of petroleum products and transportation and sale of crude oil, natural gas and petroleum products. Exxon Mobil is a major manufacturer and marketer of commodity petrochemicals, including olefins, aromatics, polyethylene and polypropylene plastics and a wide variety of specialty products. Exxon Mobil also has interests in electric power generation facilities. Affiliates of Exxon Mobil conduct extensive research programs in support of these businesses.
Nowadays the company has the largest energy resource base of any non-government company, and it’s the world’s largest