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Balance sheet of ExxonMobil

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documents in English
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case study
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12 pages
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  1. Concepts to take into account
    1. Petroleum sector and gas sector
    2. Environmental considerations: global warming, oil spill
    3. Private company face to public companies
    4. One of the biggest private company in petroleum and gas sectors
    5. The biggest net income in the world
  2. Balance Sheet Analysis
    1. Working capital ratio
    2. Net worth
    3. Liquidity ratio
    4. Debt ratio
    5. Long-term debt to equity
    6. Cash ratio
    7. Conclusion
  3. Income Statement Analysis
    1. Income statement analysis
    2. Net profit margin
    3. Accounts receivable turnover and average collection period
    4. Inventory turnover and average payment period
    5. Conclusion
  4. Cash Flow Analysis

I preferred to analyze the company ExxonMobil as it is one of the biggest petroleum companies in the world. With a net income of 45.22 billon dollars in 2008, ExxonMobil realized the biggest net income in the World. The company represents 2% of NYSE capitalization.
ExxonMobil is an American multinational oil and gas corporation. It is a direct descendant of John D. Rockefeller's Standard Oil company. The company has 38 oil refineries in 21 countries constituting a capacity of 6.3 million barrels per day, and 42,000 service stations in 100 countries under the brands Exxon, Esso, and Mobil. The company has the major petroleum reserve for a private company with 22.4 billion barrels.
We can say that ExxonMobil is an extraordinary company with many aspects to consider. To obtain the best approach, we will analyze the concepts that are important to the company. In the second part, we will study the balance sheet of the company and in the third part, we will analyze its income statement. Finally, in the fourth part, we will study its cash flow balance.

[...] In consequence, this analysis reveals an improvement of collection period: ExxonMobil has less net receivable compared to the turnover in 2008 than in 2006. Thus, the customers seem to pay faster in 2008 than in 2006, they pay 9 days faster than in 2006. Inventory Turnover and Average Payment Period times times times Calculations: and and and Interpretation: We can see that the inventory turn 41 times in one year in 2008 against 35.25 times in 2006. Thus, we can affirm that there is a better inventory management. [...]


[...] Thus, Current assets of ExxonMobil are 50% higher than its current liabilities. In consequence, there is not bankruptcy risk. The decrease between 2006 and 2008 is insignificant. Debt Ratio Calculations: Interpretation: We can see that the debt ratio is below 0.5 that is exceptional for a company. Thus, ExxonMobil has few debts. In consequence, we can say that ExxonMobil has a great debt ratio and there is no debt. Long-Term Debt to Equity Equity Calculations: Interpretation: Thanks to this ratio, we can see that ExxonMobil is not in debt. [...]

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