OKE vs. XOM: ONEOK vs. ExxonMobil Stock Comparison

November 11, 2026

How do ONEOK (OKE) and ExxonMobil (XOM) stack up? This page sets them side by side across company profile, performance and risk, profitability, growth, financial strength, dividends, and valuation, with selected fundamentals also measured against each stock's industry-group peers.

Company Profile

ONEOK (OKE) and ExxonMobil (XOM) both belong to the Oil, Gas & Consumable Fuels industry, though OKE is classified under Oil & Gas Storage & Transportation while XOM falls under Integrated Oil & Gas.

Company profile comparison for ONEOK (OKE) and ExxonMobil (XOM)
Profile Item	OKE	XOM
Name	ONEOK, Inc.	ExxonMobil Holdings Corporation
Country/Region	United States	United States
GICS Sector	Energy	Energy
GICS Industry Group	Energy	Energy
GICS Industry	Oil, Gas & Consumable Fuels	Oil, Gas & Consumable Fuels
GICS Sub-Industry	Oil & Gas Storage & Transportation	Integrated Oil & Gas
Market Capitalization	53.71 billion USD	676.62 billion USD
Currency	USD	USD
Exchange	NYSE	NYSE
Listing Date	October 1, 1980	January 2, 1962
Security Type	Common Stock	Common Stock

Price Performance

Cumulative Growth

OKE

XOM

GSPC

ONEOK (OKE) vs. ExxonMobil (XOM), with S&P 500 (GSPC) for reference: Growth of a $10,000 investment over the past five years. Adjusted for dividends and splits.

Trailing Returns

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Trailing total returns for ONEOK (OKE) and ExxonMobil (XOM). Returns over one year are annualized.

Calendar-Year Returns

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Calendar-year total returns for ONEOK (OKE) and ExxonMobil (XOM). Each bar is that year's total return, measured year-end to year-end.

Performance Metrics

Price performance metrics for ONEOK (OKE) and ExxonMobil (XOM)
Metric	OKE	XOM
Total Return (1Y)	33.00%	44.48%
Total Return (3Y, Annualized)	16.19%	20.83%
Total Return (5Y, Annualized)	11.76%	24.20%

Risk Profile

Drawdown History

OKE

XOM

GSPC

ONEOK (OKE) vs. ExxonMobil (XOM), with S&P 500 (GSPC) for reference: Drawdown from the running peak over the past five years. Each line shows the decline from its prior peak; 0% marks a new high.

Return Distribution

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Distribution of monthly total returns for ONEOK (OKE) and ExxonMobil (XOM). Each bar is the share of months whose return fell in that 5% bucket.

Risk Metrics

Risk profile metrics for ONEOK (OKE) and ExxonMobil (XOM)
Metric	OKE	XOM
Volatility (1Y, Annualized)	27.56%	27.17%
Beta (5Y)	0.79	0.19
Max Drawdown (5Y)	-42.17%	-20.51%
Avg. Volume (3M)	3.38M	13.57M

Risk-Adjusted Performance

Risk-Return Positioning

OKE and XOM are plotted by 1-year volatility (risk) and 1-year return. The dashed Capital Allocation Line runs from the risk-free rate through the shared industry median.

Risk-Adjusted Metrics

Risk-adjusted metrics for ONEOK (OKE) and ExxonMobil (XOM)
Metric	OKE	XOM
Sharpe Ratio (1Y)	1.04	1.48
Sortino Ratio (1Y)	1.50	2.17

Profitability

ROE (TTM)

Both ONEOK (OKE) at 15.02% and ExxonMobil (XOM) at 15.53% land near their industries’ usual ROE ranges, so capital efficiency looks broadly in line with peers on both sides.

OKE

Energy industry group

15.02%

Max: 53.85%
Q3: 24.79%
OKE: 15.02%
Median: 12.85%
Q1: 2.03%
Min: -29.09%

XOM

Energy industry group

15.53%

Max: 53.85%
Q3: 24.79%
XOM: 15.53%
Median: 12.85%
Q1: 2.03%
Min: -29.09%

ONEOK (OKE) vs. ExxonMobil (XOM): A comparison of their ROE against the Energy industry group benchmark.

Net Margin (TTM)

Both ONEOK (OKE) at 9.42% and ExxonMobil (XOM) at 10.46% keep about the typical share of revenue as profit for their industries — neither bottom line stands out from peers.

OKE

Energy industry group

9.42%

Max: 56.92%
Q3: 22.92%
Median: 10.10%
OKE: 9.42%
Q1: 0.07%
Min: -27.38%

XOM

Energy industry group

10.46%

Max: 56.92%
Q3: 22.92%
XOM: 10.46%
Median: 10.10%
Q1: 0.07%
Min: -27.38%

ONEOK (OKE) vs. ExxonMobil (XOM): A comparison of their net margin against the Energy industry group benchmark.

Operating Margin (TTM)

Both ONEOK (OKE) at 12.71% and ExxonMobil (XOM) at 16.98% run core operations about as efficiently as their industries’ norm — neither stands out on operating profitability.

OKE

Energy industry group

12.71%

Max: 71.31%
Q3: 33.75%
Median: 18.73%
OKE: 12.71%
Q1: 6.94%
Min: -24.52%

XOM

Energy industry group

16.98%

Max: 71.31%
Q3: 33.75%
Median: 18.73%
XOM: 16.98%
Q1: 6.94%
Min: -24.52%

ONEOK (OKE) vs. ExxonMobil (XOM): A comparison of their operating margin against the Energy industry group benchmark.

Profitability Metrics

Profitability metrics for ONEOK (OKE) and ExxonMobil (XOM)
Metric	OKE	XOM
ROE (TTM)	15.02%	15.53%
ROA (TTM)	5.46%	6.75%
Net Margin (TTM)	9.42%	10.46%
Operating Margin (TTM)	12.71%	16.98%
Gross Margin (TTM)	25.20%	29.81%

Growth

Revenue Growth

ONEOK (OKE) at 54.99% clears its industry range for revenue growth, far stronger top-line momentum than ExxonMobil (XOM) at -4.52%, which is closer to a typical peer reading.

ONEOK (OKE) vs. ExxonMobil (XOM): A comparison of their Revenue Growth across different time periods.

EPS Growth

Both ONEOK (OKE) at 4.84% and ExxonMobil (XOM) at -14.54% land near their industries' usual EPS growth ranges, so bottom-line momentum looks broadly in line with peers on both sides.

ONEOK (OKE) vs. ExxonMobil (XOM): A comparison of their EPS Growth across different time periods.

Growth Metrics

Growth metrics for ONEOK (OKE) and ExxonMobil (XOM)
Metric	OKE	XOM
Revenue Growth (YoY)	54.99%	-4.52%
Revenue Growth (3Y CAGR)	14.53%	-6.69%
EPS Growth (YoY)	4.84%	-14.54%
EPS Growth (3Y CAGR)	12.17%	-20.35%

Financial Strength

Current Ratio (MRQ)

ExxonMobil (XOM) at 1.19 keeps current ratio within its industry’s typical mid-range, while ONEOK (OKE) at 0.84 runs in the tighter-liquidity quartile — a thinner cushion against current liabilities for OKE.

OKE

Energy industry group

0.84

Max: 3.64
Q3: 2.21
Median: 1.41
Q1: 0.88
OKE: 0.84
Min: 0.24

XOM

Energy industry group

1.19

Max: 3.64
Q3: 2.21
Median: 1.41
XOM: 1.19
Q1: 0.88
Min: 0.24

ONEOK (OKE) vs. ExxonMobil (XOM): A comparison of their current ratio against the Energy industry group benchmark.

Debt / Equity (MRQ)

ExxonMobil (XOM) at 0.13 keeps leverage in the lower industry quartile, while ONEOK (OKE) at 0.88 runs a more typical debt-to-equity mix.

OKE

Energy industry group

0.88

Max: 1.75
Q3: 0.93
OKE: 0.88
Median: 0.54
Q1: 0.30
Min: 0.00

XOM

Energy industry group

0.13

Max: 1.75
Q3: 0.93
Median: 0.54
Q1: 0.30
XOM: 0.13
Min: 0.00

ONEOK (OKE) vs. ExxonMobil (XOM): A comparison of their debt-to-equity ratio against the Energy industry group benchmark.

Financial Strength Metrics

Financial strength metrics for ONEOK (OKE) and ExxonMobil (XOM)
Metric	OKE	XOM
Current Ratio (MRQ)	0.84	1.19
Debt / Equity (MRQ)	0.88	0.13
Net Debt / EBITDA	3.68	0.28

Dividends

Dividend Yield (TTM)

ONEOK (OKE) at 4.96% delivers top-quartile income for its industry, while ExxonMobil (XOM) at 2.49% pays a more typical yield — both are credible income propositions, OKE the richer one.

OKE

Energy industry group

4.96%

Max: 8.57%
OKE: 4.96%
Q3: 3.58%
Median: 1.71%
Q1: 0.00%
Min: 0.00%

XOM

Energy industry group

2.49%

Max: 8.57%
Q3: 3.58%
XOM: 2.49%
Median: 1.71%
Q1: 0.00%
Min: 0.00%

ONEOK (OKE) vs. ExxonMobil (XOM): A comparison of their dividend yield against the Energy industry group benchmark.

Dividend Payout Ratio (TTM)

ExxonMobil (XOM) at 42.39% pays out a band-typical share of earnings, while ONEOK (OKE) at 65.84% distributes more than its industry norm — less retained, thinner cover.

OKE

Energy industry group

65.84%

Max: 133.24%
OKE: 65.84%
Q3: 53.31%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

XOM

Energy industry group

42.39%

Max: 133.24%
Q3: 53.31%
XOM: 42.39%
Median: 25.24%
Q1: 0.00%
Min: 0.00%

ONEOK (OKE) vs. ExxonMobil (XOM): A comparison of their payout ratio against the Energy industry group benchmark.

Dividend Metrics

Dividend metrics for ONEOK (OKE) and ExxonMobil (XOM)
Metric	OKE	XOM
Dividend Yield (TTM)	4.96%	2.49%
Dividend Payout Ratio (TTM)	65.84%	42.39%

Valuation

P/E Ratio (TTM)

Both ONEOK (OKE) at 13.23 and ExxonMobil (XOM) at 17.06 land around their industries’ usual P/E ratio levels — neither is getting a clear earnings-multiple discount or premium versus peers.

OKE

Energy industry group

13.23

Max: 39.54
Q3: 21.72
OKE: 13.23
Median: 12.19
Q1: 7.71
Min: 2.99

XOM

Energy industry group

17.06

Max: 39.54
Q3: 21.72
XOM: 17.06
Median: 12.19
Q1: 7.71
Min: 2.99

ONEOK (OKE) vs. ExxonMobil (XOM): A comparison of their P/E ratio against the Energy industry group benchmark.

P/S Ratio (TTM)

On P/S ratio, both ONEOK (OKE) at 1.24 and ExxonMobil (XOM) at 1.74 are priced roughly in line with their industries — neither looks cheap nor rich on a sales basis.

OKE

Energy industry group

1.24

Max: 5.40
Q3: 2.85
Median: 1.69
OKE: 1.24
Q1: 0.88
Min: 0.00

XOM

Energy industry group

1.74

Max: 5.40
Q3: 2.85
XOM: 1.74
Median: 1.69
Q1: 0.88
Min: 0.00

ONEOK (OKE) vs. ExxonMobil (XOM): A comparison of their P/S ratio against the Energy industry group benchmark.

P/B Ratio (MRQ)

ONEOK (OKE) at 2.30 is valued about in line with its industry on P/B ratio, while ExxonMobil (XOM) at 2.55 carries an above-peer premium to book — XOM is pricier on assets.

OKE

Energy industry group

2.30

Max: 4.21
Q3: 2.38
OKE: 2.30
Median: 1.51
Q1: 1.08
Min: 0.01

XOM

Energy industry group

2.55

Max: 4.21
XOM: 2.55
Q3: 2.38
Median: 1.51
Q1: 1.08
Min: 0.01

ONEOK (OKE) vs. ExxonMobil (XOM): A comparison of their P/B ratio against the Energy industry group benchmark.

Valuation Metrics

Valuation metrics for ONEOK (OKE) and ExxonMobil (XOM)
Metric	OKE	XOM
P/E Ratio (TTM)	13.23	17.06
P/S Ratio (TTM)	1.24	1.74
P/B Ratio (MRQ)	2.30	2.55
Free Cash Flow Yield (TTM)	1.44%	4.19%