Stock Analysis on Net

Exxon Mobil Corp. (NYSE:XOM)

$24.99

Common-Size Income Statement
Quarterly Data

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Exxon Mobil Corp., common-size consolidated income statement (quarterly data)

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3 months ended: Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Sales and other operating revenue
Income from equity affiliates
Other income
Revenues and other income
Crude oil and product purchases
Production and manufacturing expenses
Selling, general and administrative expenses
Depreciation and depletion, including impairments
Exploration expenses, including dry holes
Other taxes and duties
Operating income (loss)
Non-service pension and postretirement benefit expense
Interest expense
Income (loss) before income taxes
Income tax (expense) benefit
Net income (loss) including noncontrolling interests
Net (income) loss attributable to noncontrolling interests
Net income (loss) attributable to ExxonMobil

Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).


Income from equity affiliates
Fluctuated notably over the periods, starting at 1.41% in early 2020, declining mid-2020, then rising through 2021 and peaking around 4.35% in late 2022. It decreased sharply afterward, stabilizing around 1.4% to 2.3% in 2023 and early 2024, reflecting variability in affiliate profitability contributions.
Other income
Exhibited moderate volatility with lower percentages early in 2020, peaking near 1.95% at the end of 2021, and generally maintaining a band between 0.5% and 1.8% thereafter, indicating fluctuations in income sources other than core operations and equity affiliates.
Revenues and other income
Maintained a relatively steady range slightly above 100% of sales revenue, reflecting consistent total inflows with minor increases towards late 2022, followed by mild decline towards early 2025, indicating stability in overall revenue streams inclusive of other income.
Crude oil and product purchases
This cost category represented a significant and variable expense, initially at -58.19% of revenue in Q1 2020, improving mid-2020 but generally high and fluctuating between approximately -54% and -60% in subsequent quarters, reflecting volatility in input costs and procurement activities.
Production and manufacturing expenses
Generally trended downward from early 2020's elevated levels above -15%, declining to a low around -9.6% in mid-2022, with fluctuations thereafter. The data suggest operational efficiency improvements, though some periods show upticks back toward -13%, indicating some variability in production cost control.
Selling, general and administrative expenses
Demonstrated a declining trend over time from near -7.46% in mid-2020 to levels around -2.6% to -3.2% from 2022 onward. This suggests consistent cost management efforts to reduce overhead relative to sales.
Depreciation and depletion, including impairments
Displayed considerable fluctuations, notably an extreme impairment charge near -66.23% in Q4 2020, significantly skewing the trend. Excluding this anomaly, the percentage generally ranged between -4% and -10% with some increases in late 2023 and early 2024, reflective of asset utilization and periodic write-downs.
Exploration expenses, including dry holes
Consistently low relative to revenues, remaining mostly under -0.7% throughout, with minor fluctuations indicating a steady but modest investment in exploration activities.
Other taxes and duties
Declined from approximately -16% of revenues in early 2020 to a more stable range near -7% to -9% in recent periods, reflecting possibly reduced tax burdens or changes in tax structure over time.
Operating income (loss)
Experienced significant variability, with losses recorded in 2020 reaching as low as -56.64% of revenue during Q4 2020. Thereafter, a recovery trend emerged with operating income rising to a peak above 24% in mid-2022, settling in the 12% to 16% range from 2023 onwards, indicating improved profitability and operational performance post-2020 downturn.
Non-service pension and postretirement benefit expense
Remained a minor expense item, generally below -0.3% of revenue, with a slight decreasing tendency toward near -0.04% in recent quarters, reflecting controlled pension-related costs.
Interest expense
Declined over the period from near -0.98% in mid-2020 to approximately -0.2% to -0.3% in recent periods, suggesting reduced debt costs or lower leverage.
Income (loss) before income taxes
Repeated the pattern seen in operating income, with large losses in late 2020 approaching -58%, then steadily improving to positive double-digit percentages in subsequent years, indicating a robust recovery in pre-tax profitability.
Income tax (expense) benefit
Displayed fluctuation, with notable tax benefits in mid-2020 and Q4 2020, then consistent tax expenses ranging approximately -2% to -6% of revenue later. This pattern reflects shifting tax positions aligned with profitability changes.
Net income (loss) including noncontrolling interests
Mirrored the overall profitability trend, showing sharp net losses up to -45% in late 2020, followed by strong recovery to positive margins around 9% to 19% from 2021 onward, though with some variability indicating changes in net earnings quality and composition.
Net (income) loss attributable to noncontrolling interests
Relatively minor but consistent negative impact, ranging mostly between -0.1% and -0.65%, suggesting small losses attributable to minority interests across periods.
Net income (loss) attributable to ExxonMobil
Followed the same trajectory as overall net income, shifting from significant losses in 2020 near -44%, to robust positive returns exceeding 18% in mid-2022, then stabilizing in a range just below or above 10% thereafter, demonstrating a strong rebound in attributable earnings.