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Financial Condition Assessment Final
- 1. Financial Condition Assessment: Chevron Corp and ExxonMobil Marc Kirkland – Revenues and income changes Dan Dyer – Ratios and benchmarks Neil Sinay – Core competencies and improvements Matt Ellis – Investment considerations
Notes de l'éditeur
- Both Chevron and ExxonMobil operate today, but are mindful of the future, factoring things such as: World Pop growth: -8 Billion people estimated for world pop in 2030 -over 50% of growth from developing nations -reliable, affordable, cleaner energy will be sought out -60% increase in energy demand in 2030 (compared to 2000) 2. Contrary to public belief, more than adequate oil and natural gas supplies exist: -oil is the transportation fuel of choice, and will remain so for decades to come -estimated liquid energy demand by 2030 is 115 million barrels/day. Resources abound 3. Assets are in place: -operations in over 180 countries -Not a 5 year plan, more like a 25 year plan! -expensive land and production assets and infrastructure dictate a farther look into the future -long distance view ignores short-term trends -continued upstream exploration operations 4. Technological advances: -deep water drilling down to over 28,000 feet! -oil shale, heavy oil refining techniques will unlock proven reserves potential -GTL (gas to liquids) technology ex. Converting natural gas to ultraclean diesel fuel -energy efficiency 5. Alt energy sources coming on line: -biofuels -solar -wind -geothermal
- 1. -Both Chevron and ExxonMobil outperformed the S&P500 in terms of EPS growth -bordering 30% 2. -Effective management of global organizations. -High ROI reinforces the true stocks’ values -Chevron: -ROI: 22.9% -ROE: 24.6% -ROA: 12.9% -Exxon: -ROI: 30.8% -ROE: 32.6% -ROA: 18.0% -Chevron’s ROA and ROE outperformed S&P500 by almost 10% last year -Exxon’s ROA and ROE outperformed S&P500 by over 2:1 last year 3. -Chevron had 19 years straight of dividend increases -ExxonMobil had an 8.9% div increase over the past 3 years
- 1. -Chevron’s sales growth increased by 19.9% over 3 years -Exxon’s sales growth increased by 15.2% over 3 years Both profit margins and ROE margins should be positively affected 2. Beta = stability Beta compares stock to the S&P500. S&P500 is a composite of large cap stocks, thought to reflect the market as a whole, thus measuring the US economy. 3. February 1, 2008 both will announce Q4 2007 EPS figures. That’s tomorrow!
- IN CONCLUSION: -Chevron and ExxonMobil are not just “Big oil.” They are the arbitors of world development and growth -Both companies look far into the future and plan accordingly for change -Both companies emphasize world energy growth and efficiency as main objectives to conquer -Both companies have strong financials, are stable and tend to operate in a low profit-high volume manner -Our team conveyed 6 critical pieces of information offered as consideration for investment THANK YOU FOR YOUR TIME QUESTIONS?