ExxonMobil Stock: How the Fall Impacted Its Valuation after 4Q17
In the previous part, we looked at changes in ExxonMobil’s (XOM) stock price forecast. ExxonMobil trades at a forward PE (price-to-earnings) ratio of 18.0x, which is above the peer average of 15.2x. Chevron (CVX) and Suncor Energy (SU) are also trading above the average forward PE ratio at 18.5x and 22.8x, respectively.