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In the latest fiscal period Q1'26, the EV/Sales ratio for XOM reached 7.94. This follows a peak value of 8.03 in Q4'25, representing a slight cooling from the highest valuation multiple in the observed period. The chart data reveals a clear upward trend in the valuation multiple from Q2'23 to Q1'26, rising from a low of 4.71 in Q3'23. A significant inflection point occurred between Q3'25 and Q4'25, where the ratio jumped sharply from 5.95 to over 8.03, signaling a notable shift in market sentiment or enterprise value relative to sales performance. Overall, the company's EV/Sales has transitioned from a stable range of 5.0-6.0 to a higher tier above 7.9 in the most recent quarters.