ExxonMobil Q1 FY12/25 Earnings Review

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Wen Breakout?

by Alex King, CEO, Cestrian Capital Research, Inc

Energy names have been trending sideways in rangebound fashion for a couple years now. Usually this kind of slow accumulation is a precursor to a sectoral move up; this has threatened to happen in recent months but the breakout has yet to come. Exxon continues to generate perfectly solid financials and dividend yield whilst waiting to see if rotation into the energy sector does take place.

Let's get into the detailed financials, valuation analysis and stock chart.

Stock Charts

In the larger degree I think XOM continues to be under accumulation - bids arrive when the name appears to be falling out of the range, and sales happen when the name is thinking about a topside breakout. You can open a full page version of this chart, here.

Zooming in, it’s possible that we have seen a Wave 2 low of the retracement that followed the post-Liberation Day rebound. This may portend a new local high in Wave 3 up; we’ll see. Oil prices are rising in the wake of the successful Ukrainian attacks on Russian military assets; this may flow through to energy sector corporate stocks.

Full page version of this chart, here.

Financial Fundamentals

Valuation Multiples

Rating

We rate XOM at Accumulate per the longer-term chart above.

Cestrian Capital Research, Inc - 2 June 2025.