Profitability Ratios

Gross Profit Margin- unfavorable until 2013, went up about 21% at the
end of 2013, however
-Exxon Mobile has about twice the sales, about 20-30% more net
income, assets, and shareholders equity, however Chevron has higher growth
rates in all categories, illustrating that Chevron could potentially catch up to its
competitor in future years.
-Exxon Mobile has a higher Gross Profit Margin than Chevron, as well
as all Profitability measures.
Operating Margin- favorable until 2013, went down bout 2% at the end of
2013, however
Net Profit Margin- favorable until 2013, went down about 2% at the end of
2013, however.
Return on Assets- mostly favorable until 2013
Return on Equity- favorable until 2013, went down about 6%
-Exxon Mobile has more (favorable) higher returns on its equity
Asset Management (efficiency)- Exxons goals include their desire to operate
efficiently productivity enhancement and reappraisal of our asset portfolio
(10K Page 10).
Total Asset Turnover- favorable until after 2012, stayed the same mostly
though
Fixed Asset Turnover- mostly unfavorable, except from 2010-2011 (at its
highest)
Inventory Turnover- mostly favorable, until 2013 it decreased
Days Sales in Inventory- unfavorable, until 2013
Receivables Turnover- mostly large, indicating an unfavorable turnover,
less time for customers to pay back the company
Receivables Period- mostly low, indicating a smaller time for Exxons
customers to pay the company back.
Days Payable- decreased every period, indicating the company taking a
smaller amount of time to pay its suppliers back
-Because Exxon Mobile is leading Chevron in the oil and natural gas
industry, customers pay them back quicker with much lower Receivable
Periods than Chevron. Also, Days Payable measures are lower than Chevron
keeping Exxon Mobile competitive in the industry.

Debt Management
Debt Ratio- mostly increased
Debt Equity Ratio- mostly increased
Liquidity Ratios
Current Ratio- unfavorable, lowest at 2013
Quick Ratio- unfavorable, lowest at 2013
Cash Conversion Cycle- negative throughout, increases by 2013
-much lower, and in the negatives, compared to Chevron, indicating
that the company manages its CCC more efficiently. Exxons Current and
Quick ratio are lowest in 2013 during the five-year span
Market Based Ratios
Price to Earnings- mostly unfavorable, but at its highest in 2013

Price per earnings are somewhat higher for Exxon, meaning that at its current
price, XOM stock is a bit more expensive on a price-to-earnings basis, versus CVX
(Value Line).
http://www.valueline.com/Stocks/Highlights/Using_a_Value_Line_Report__Chevron_v
s__Exxon_Mobil_%E2%80%93_December_20,_2013.aspx#.VNlOfvnF_UY

Market to Book- both favorable and unfavorable, steady

DuPont Analysis
Net Profit Margin- favorable, until 2013
Total Asset Turnover- favorable and unfavorable, lowest at 2013
Equity Multiplies- favorable and unfavorable, lowest at 2013
ROE Check- favorable, until 2013