Compelo - latest news, features and insight on influencers and innovators within business is using cookies

We use them to give you the best experience. If you continue using our website, we'll assume that you are happy to receive all cookies on this website.

ContinueLearn More
Close
Dismiss

Exxon Mobil net worth: Big Oil, big value (but small profits)

The price of oil may be unstable, but that has little effect on the Exxon Mobil net worth.

The price of oil peaked at $156.30 per barrel in 2008, before falling to $48.30 a year later. By 2014, it was back at $108.80, before dropping to $29.40 in 2016.

Reliant on the laws of demand and supply, the price of oil is constantly fluctuating. Surprisingly, the Exxon Mobil net worth has remained largely unchanged throughout what has been a turbulent decade for the industry.

Exxon Mobil net worth - Compelo
Flickr/Minale Tattersfield

There is little reason for investors to worry about Exxon Mobil’s stock price falling.

Of the 8.5 million barrels of oil produced in the United States each day, ExxonMobil produces 5.3 million of them. As a result, they are America’s largest oil company and the 13th largest company in the world.

Is the oil industry as profitable as it seems?

People around the globe need gas, meaning that there is a permanent demand for the commodity. Oil is obviously the best industry to be in if you’re looking to climb up the rich list. Or so people think.

Yes, ExxonMobil generated $218.6 billion in 2016. However, just $7.8 billion of that was profit.

Exxon Mobil net worth - Compelo

Oil comes with a huge value. However, producing oil comes with a huge cost. For starters, getting oil out of the ground is a long and hard process. That comes after the costs of searching for reserves. The refining process and transportation chips away at what’s left.

A $7.8 billion return is still a huge amount of money. Although, that is just 3.6% of Exxon Mobil’s total revenue – small change compared to the net profit generated by Apple (21.2% of revenue) and Facebook (37%).

Exxon Mobil net worth - Compelo
Flickr/Mike Mozart

What is the Exxon Mobil net worth?

Exxon Mobil spends most of its profit on keeping the company going. However, its stability in the market is attractive to investors. Chevron is the US’ second biggest oil producer. Yet, they are miles behind the market leaders and it is likely to stay that way for some time.

As a result, Exxon Mobil’s market cap stands at $347.9 billion, with its value continuing to climb.

Read more:

BP net worth: Explosions and oil spills, but billions in the bank

Will autonomous drones revolutionise the oil and gas industry?

Sheikh Mansour net worth: Football’s richest club owner?