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Week 4

Week 4

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Financials of EXXON

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Company name and ticker: Exxon Mobil XOM

https://ir.exxonmobil.com/static-files/37b7e1b7-620b-4248-a329-f2e152b4d7c3

https://corporate.exxonmobil.com/

Exxon has unparalleled economies of scale which means that company has extended its operations to such a large scale that its per unit cost has become very low. In addition to lowest per unit cost, company also enjoys a low cost of capital. Many pipelines that have been used by company are similar to network of railroads thus providing an uninterrupted flow of gas or petrol over a huge area. Both these competitive aspects have resulted in huge amounts of investments in company by general public in form of share purchase.

Key Competitors:

Market Capitalization

Total Revenue (ttm)

Total Net Income Avl to Common (ttm)

Chevron Corporation

235.20B

158.9B

3.7B

BP

105.87B

303.73B

9.58B

Valero Energy

34.94B

93.98B

952M

CITATION Yah19 \l 1033 (Yahoo Finance, 2019)

As far as Exxon is concerned, its net income for 2018 was 20.8 B, capitalization is $ 414.19 B and its revenue was 279 billion CITATION Owl19 \l 1033 (Owler.com, 2019). There is a considerable difference between Exxon’s market capitalization and same figure for other competitors, this shows that company has been able to attract investors to invest in it. Due to extended operations and economies of scale, company has been able to earn a higher net income as compared to all other competitors.

The company stands out against all competing companies and it also has a sustainable competitive advantage. The reason for sustainability is that other companies do not have resources to expand their operations to a level as high as Exxon and even if they manage to have such resources, it will take a long time for them to set up extra facilities and expand their operations. Market capitalization shows the confidence of general public in a company. A very high market capitalization shows that company has issued huge amount of stocks which are now traded on stock markets and accepted by general public.

References

BIBLIOGRAPHY Owler.com. (2019, September 18). https://www.owler.com/company/exxonmobil. Retrieved from https://www.owler.com: https://www.owler.com/company/exxonmobil

Yahoo Finance. (2019, September 18). https://finance.yahoo.com/quote/CVX/financials?p=CVX. Retrieved from https://finance.yahoo.com: https://finance.yahoo.com/quote/CVX/financials?p=CVX

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