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As of Q4'25, XOM's EV/EBITDA stands at 6.07, marking a decrease from the previous quarter's peak of 7.53 in Q3'25. This latest value suggests a pullback after a period of elevated valuation multiples. From Q1'23 to Q4'25, the EV/EBITDA ratio for XOM exhibited an overall upward trend, rising from 4.36 in Q1'23 to a high of 7.53 in Q3'25. The chart shows a steady increase through 2023 and 2024, with notable acceleration starting in Q1'24. However, after reaching its peak in Q3'25, the ratio declined in Q4'25, indicating potential normalization or a shift in market sentiment.