ExxonMobil is valued at nearly $500 billion now

ExxonMobil is showing strong performance again as one of the leading energy companies. With a market value close to $500 billion, Exxon does more than just produce oil and natural gas. It also transports these fuels through pipelines and processes them into usable products. This diversified approach helps smooth out the drastic price changes typical in the energy market. The company has a solid financial foundation, with a low debt-to-equity ratio of 0.14. This conservative structure enables Exxon to borrow money when needed, allowing it to keep investing in its business and support its dividend payments. Historically, when oil prices rise, the company pays down the debt it took on during tougher times. Exxon has a well-documented history of efficiently using its capital, which is seen in its return on capital employed (ROCE). Although it faced challenges over the last decade, Exxon quickly improved its position after investing in key areas, currently ranking just below TotalEnergies among its peers. Investors looking for consistent income may find Exxon's 3.5% dividend yield appealing. The company has managed to grow its dividend for over 40 years, even during the industry's ups and downs. While Exxon's fortunes may shift in the future, its strong management and strategic focus are likely to help it navigate tough times, making it a reliable option for investors.