Key Takeaways ExxonMobil's debt-to-capitalization of 12.6% is well below the industry average of 28.1%.A strong balance sheet allows XOM to fund projects, pay dividends and pursue acquisitions.Shares rose 4.6% in the past year, while XOM trades at a higher EV/EBITDA than the industry.Exxon Mobil Corporation (XOM) generates the majority of its earnings from upstream operations and, therefore, is highly vulnerable tovolatility in oil and natural gas prices. However, unlike many energy companies, XOM can rely ...