Common-Size Income Statement
Quarterly Data
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- Statement of Comprehensive Income
- Balance Sheet: Assets
- Analysis of Profitability Ratios
- Analysis of Liquidity Ratios
- Analysis of Short-term (Operating) Activity Ratios
- Common Stock Valuation Ratios
- Dividend Discount Model (DDM)
- Current Ratio since 2005
- Debt to Equity since 2005
- Price to Sales (P/S) since 2005
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Exxon Mobil Corp., common-size consolidated income statement (quarterly data)
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.