Stock Analysis on Net

Exxon Mobil Corp. (NYSE:XOM)

Income Statement 

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Exxon Mobil Corp., consolidated income statement

US$ in millions

Microsoft Excel
12 months ended: Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Sales and other operating revenue 334,697 398,675 276,692 178,574 255,583
Income from equity affiliates 6,385 11,463 6,657 1,732 5,441
Other income 3,500 3,542 2,291 1,196 3,914
Revenues and other income 344,582 413,680 285,640 181,502 264,938
Crude oil and product purchases (193,029) (228,959) (155,164) (94,007) (143,801)
Production and manufacturing expenses (36,885) (42,609) (36,035) (30,431) (36,826)
Selling, general and administrative expenses (9,919) (10,095) (9,574) (10,168) (11,398)
Depreciation and depletion, includes impairments (20,641) (24,040) (20,607) (46,009) (18,998)
Exploration expenses, including dry holes (751) (1,025) (1,054) (1,285) (1,269)
Other taxes and duties (29,011) (27,919) (30,239) (26,122) (30,525)
Operating income (loss) 54,346 79,033 32,967 (26,520) 22,121
Non-service pension and postretirement benefit expense (714) (482) (786) (1,205) (1,235)
Interest expense (849) (798) (947) (1,158) (830)
Income before (loss) income taxes 52,783 77,753 31,234 (28,883) 20,056
Income tax (expense) benefit (15,429) (20,176) (7,636) 5,632 (5,282)
Net income (loss) including noncontrolling interests 37,354 57,577 23,598 (23,251) 14,774
Net (income) loss attributable to noncontrolling interests (1,344) (1,837) (558) 811 (434)
Net income (loss) attributable to ExxonMobil 36,010 55,740 23,040 (22,440) 14,340

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

Income statement item Description The company
Sales and other operating revenue Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise. Exxon Mobil Corp. sales and other operating revenue increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
Operating income (loss) The net result for the period of deducting operating expenses from operating revenues. Exxon Mobil Corp. operating income (loss) increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
Income before (loss) 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. income before (loss) income taxes increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
Net income (loss) 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. net income (loss) attributable to ExxonMobil increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.