Stock Analysis on Net
Stock Analysis on Net

Exxon Mobil Corp. (NYSE:XOM)

$24.99

Common-Size Income Statement
Quarterly Data

Paying user area

Try for free

Exxon Mobil Corp. pages available for free this week:

The data is hidden behind: . Unhide it.

Get access

This is a one-time payment. There is no automatic renewal.

We accept:

Visa Mastercard American Express Maestro Discover JCB PayPal Google Pay
Visa Secure Mastercard Identity Check American Express SafeKey

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

Microsoft Excel
3 months ended: Mar 31, 2026 Dec 31, 2025 Sep 30, 2025 Jun 30, 2025 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
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, includes impairments
Exploration expenses, including dry holes
Other taxes and duties
Operating income
Non-service pension and postretirement benefit expense
Interest expense
Income before income taxes
Income tax expense
Net income including noncontrolling interests
Net income attributable to noncontrolling interests
Net income attributable to ExxonMobil

Based on: 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 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).

The financial trajectory shows a period of significant margin expansion peaking in mid-2022, followed by a gradual contraction in profitability through the first quarter of 2026. Operating margins exhibited substantial volatility, rising from 7.35% in March 2021 to a peak of 24.21% by September 2022, before declining to 8.81% by March 2026.

Cost Structure and Operating Expenses
Crude oil and product purchases represent the primary cost driver, consistently accounting for over 54% of revenue. This expense peaked at 62.29% in March 2026, contributing significantly to the compression of operating margins in the final period of the analysis. Production and manufacturing expenses remained relatively stable, generally fluctuating between 9% and 15% of revenue, with a notable low of 9.60% in June 2022.
Operating Overhead and Depreciation
Selling, general and administrative expenses remained lean and stable, typically ranging between 2.18% and 4.22%. Depreciation and depletion charges showed higher volatility, with spikes observed in March 2022 (10.12%) and December 2023 (9.48%), suggesting periodic asset impairments or significant capital expenditure cycles.
Taxation and Non-Operating Impact
Other taxes and duties accounted for a significant portion of revenue, varying from a low of 6.17% in mid-2022 to 11.75% in June 2021. Interest expenses and non-service pension costs remained minimal and relatively constant throughout the period, typically representing less than 0.50% of revenue each, indicating a stable debt service profile.
Net Profitability Analysis
Net income attributable to the parent company mirrored the trend of operating income, reaching a maximum of 18.46% of revenue in September 2022. Following this peak, net margins stabilized between 8% and 10% throughout 2023 and 2024, before dropping to 5.03% by March 2026. This decline is primarily correlated with the increase in crude oil purchase costs and a relative decrease in operating income.