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Exxon Mobil Corp. (XOM)


Common-Size Income Statement

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Exxon Mobil Corp., Common-Size Consolidated Income Statement

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12 months ended Dec 31, 2018 Dec 31, 2017 Dec 31, 2016 Dec 31, 2015 Dec 31, 2014
Sales and other operating revenue 100.00 100.00 100.00 100.00 100.00
Crude oil and product purchases -55.91 -54.06 -47.65 -50.10 -57.34
Production and manufacturing expenses -13.13 -14.39 -14.60 -13.71 -10.37
Cost of operating revenues -69.04% -68.45% -62.26% -63.81% -67.71%
Sales-based taxes 0.00 0.00 -9.65 -8.74 -7.45
Gross profit 30.96% 31.55% 28.10% 27.45% 24.85%
Selling, general and administrative expenses -4.11 -4.62 -4.94 -4.43 -3.20
Depreciation and depletion -6.71 -8.39 -10.20 -6.96 -4.39
Exploration expenses, including dry holes -0.52 -0.75 -0.67 -0.59 -0.42
Other taxes and duties -11.69 -12.69 -11.85 -10.51 -8.19
Operating income 7.92% 5.09% 0.43% 4.96% 8.65%
Income from equity affiliates 2.63 2.27 2.20 2.95 3.38
Other income 1.26 0.77 1.23 0.67 1.14
Non-service pension and postretirement benefit expense -0.46 0.00 0.00 0.00 0.00
Interest expense -0.27 -0.25 -0.21 -0.12 -0.07
Income before income taxes 11.08% 7.87% 3.65% 8.47% 13.10%
Income taxes -3.41 0.50 0.19 -2.09 -4.57
Net income including noncontrolling interests 7.67% 8.37% 3.83% 6.38% 8.53%
Net income attributable to noncontrolling interests -0.21 -0.06 -0.24 -0.15 -0.28
Net income attributable to ExxonMobil 7.46% 8.31% 3.59% 6.22% 8.25%

Based on: 10-K (filing date: 2019-02-27), 10-K (filing date: 2018-02-28), 10-K (filing date: 2017-02-22), 10-K (filing date: 2016-02-24), 10-K (filing date: 2015-02-25).

Item Description The company
Operating income The net result for the period of deducting operating expenses from operating revenues. Exxon Mobil Corp.’s operating income as a percentage of sales and other operating revenue increased from 2016 to 2017 and from 2017 to 2018.
Income before income taxes Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest. Exxon Mobil Corp.’s income before income taxes as a percentage of sales and other operating revenue increased from 2016 to 2017 and from 2017 to 2018.
Net income attributable to ExxonMobil The portion of profit or loss for the period, net of income taxes, which is attributable to the parent. Exxon Mobil Corp.’s net income attributable to ExxonMobil as a percentage of sales and other operating revenue increased from 2016 to 2017 but then slightly declined from 2017 to 2018.