Insufficient Growth At Exxon Mobil Corporation (NYSE:XOM) Hampers Share Price
Exxon Mobil Corporation’s (NYSE:XOM) price-to-earnings (or “P/E”) ratio of 13.9x might make it look like a buy right now compared to the market in the United States, where around half of the companies have P/E ratios above 17x and even P/E’s above 31x are quite common. Although, it’s not wise to just take the P/E at face value as there may be an explanation why it’s limited.
Exxon Mobil hasn’t been tracking well recently as its declining earnings compare poorly to other companies, which have seen some growth on average. …
