As of Q3'25, XOM's P/B Ratio stands at 1.841, reflecting a modest increase from the previous quarter's value of 1.743. This latest data point suggests a slight rebound after a period of decline earlier in the year. Over the period from Q1'23 to Q3'25, the P/B Ratio for XOM has exhibited a generally downward trend, starting at 2.24 in Q1'23 and reaching a low of 1.694 in Q1'25. While there was a brief uptick to 2.298 in Q1'24, the overall pattern is characterized by gradual decline with minor fluctuations, indicating a potential compression in valuation relative to book value over the observed quarters.