Exxon Mobil (XOM) Stock Price Drivers

Stock Price Drivers 6525 89 10.10 02.11 ssa +!1.0 0.10 March 235 41 Crude Oil prices Crude oil prices are the main revenue drivers for the upstream segment of integrated oil and gas companies. Crude oil benchmark prices are used as references against which the price of extracted oil is calculated based on differences in qual- ity. The two widely used benchmarks for crude oil are Brent crude, produced in the North Sea oil fields, and West Texas Intermediate (WTI), the crude oil produced in North America. Data shows that Exxon's EPS has high correlation of 0.82 with Brent crude prices. Exxon's EPS vs. Crude Oil price - Exxon EPS - Brent Crude price $3 $160 $140 $2.5 $120 $2 $100 $1.5 $80 $60 $1 $40 $0.5 $20 $0 $0 Dec-03 Apr-05 Aug-06 Dec-07 Apr-09 Aug-10 Dec-11 Apr-13 Note: Brent Crude is the global benchmark for crude oil prices. BIDNESS SOURCES: Company Data, SEC filings, Bloomberg Professional Services Etc. DISCLAIMER: Bidness Etc(TM) and related marks are owned by Bidness Etc. Any other trademarks appearing on this website are the property of their respective owners, and are not used to indicate the origin of goods or services offered or provided by Bidness Etc herein or to suggest approval for or affiliation with Bidness Etc. Exxon EPS (per barrel)