Current Ratio
since 2005
Calculation
Exxon Mobil Corp., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2024 | 1.31 | = | 91,990) | ÷ | 70,307) |
| Dec 31, 2023 | 1.48 | = | 96,609) | ÷ | 65,316) |
| Dec 31, 2022 | 1.41 | = | 97,631) | ÷ | 69,045) |
| Dec 31, 2021 | 1.04 | = | 59,154) | ÷ | 56,643) |
| Dec 31, 2020 | 0.80 | = | 44,893) | ÷ | 56,363) |
| Dec 31, 2019 | 0.78 | = | 50,052) | ÷ | 63,989) |
| Dec 31, 2018 | 0.84 | = | 47,973) | ÷ | 57,138) |
| Dec 31, 2017 | 0.82 | = | 47,134) | ÷ | 57,771) |
| Dec 31, 2016 | 0.87 | = | 41,416) | ÷ | 47,638) |
| Dec 31, 2015 | 0.79 | = | 42,623) | ÷ | 53,976) |
| Dec 31, 2014 | 0.82 | = | 52,910) | ÷ | 64,633) |
| Dec 31, 2013 | 0.83 | = | 59,308) | ÷ | 71,724) |
| Dec 31, 2012 | 1.01 | = | 64,460) | ÷ | 64,139) |
| Dec 31, 2011 | 0.94 | = | 72,963) | ÷ | 77,505) |
| Dec 31, 2010 | 0.94 | = | 58,984) | ÷ | 62,633) |
| Dec 31, 2009 | 1.06 | = | 55,235) | ÷ | 52,061) |
| Dec 31, 2008 | 1.47 | = | 72,266) | ÷ | 49,100) |
| Dec 31, 2007 | 1.47 | = | 85,963) | ÷ | 58,312) |
| Dec 31, 2006 | 1.55 | = | 75,777) | ÷ | 48,817) |
| Dec 31, 2005 | 1.58 | = | 73,342) | ÷ | 46,307) |
Based on: 10-K (reporting date: 2024-12-31), 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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The financial data indicates notable fluctuations in the company's liquidity position over the analyzed period. Current assets exhibited a general upward trend, reaching a peak in later years, particularly around 2022 and 2023, where values surpassed 95,000 million US dollars. Earlier years, specifically between 2008 and 2011, showed comparatively lower levels of current assets, with a minimum near 55,000 million US dollars in 2009.
Current liabilities also demonstrated considerable variability. The figures increased significantly from around 46,000 million US dollars in 2005 to over 77,000 million US dollars in 2011. Following this peak, liabilities decreased moderately but remained elevated, fluctuating between approximately 53,000 million and 69,000 million US dollars in the subsequent periods, with a noticeable increase in volatility during the early 2020s.
The current ratio, a measure of short-term liquidity, reflects these trends in assets and liabilities. Initially, the ratio was comfortably above 1.5, indicating a strong liquidity position. However, from 2008 through about 2015, the ratio consistently remained below 1.0, highlighting a period of relative liquidity strain. This suggests that current liabilities exceeded current assets during these years, potentially signaling liquidity challenges.
Starting from 2016, there is a clear improvement in liquidity, with the current ratio gradually rising above 1.0 by 2017 and peaking at approximately 1.48 in 2023. Despite this improvement, the ratio slightly declined again in 2024, settling near 1.31. The recovery in the current ratio corresponds to the increase in current assets and stabilization or slight increase in current liabilities during this period.
In summary, the data reveals a liquidity contraction phase between roughly 2008 and 2015, followed by a recovery phase extending into the early 2020s. The recent trend shows stronger liquidity with current assets growth outpacing that of current liabilities, although some volatility remains. This pattern may reflect both operational and market factors influencing working capital management and short-term financial stability.
- Current Assets
- General upward trend with fluctuations; lowest around 55,235 million US$ in 2009, peaking above 97,000 million US$ in 2022-2023.
- Current Liabilities
- Increased sharply until 2011 (up to 77,505 million US$), then stabilized with moderate fluctuations between 53,000 million and 69,000 million US$ in later years.
- Current Ratio
- Started strong (>1.5), declined below 1.0 from 2008 to 2015 indicating liquidity pressure, followed by recovery above 1.0 post-2016, peaking at 1.48 in 2023 before a slight decrease in 2024.
Comparison to Competitors
Exxon Mobil Corp., current ratio, long-term trends, comparison to competitors
| Exxon Mobil Corp. | Chevron Corp. | ConocoPhillips | Occidental Petroleum Corp. | |
|---|---|---|---|---|
| Dec 31, 2024 | 1.31 | 1.06 | 1.29 | 0.95 |
| Dec 31, 2023 | 1.48 | 1.27 | 1.43 | 0.92 |
| Dec 31, 2022 | 1.41 | 1.47 | 1.46 | 1.15 |
| Dec 31, 2021 | 1.04 | 1.26 | 1.34 | 1.23 |
| Dec 31, 2020 | 0.80 | 1.18 | 2.25 | 1.07 |
| Dec 31, 2019 | 0.78 | 1.07 | 2.40 | 1.25 |
| Dec 31, 2018 | 0.84 | 1.25 | 1.79 | 1.34 |
| Dec 31, 2017 | 0.82 | 1.03 | 1.76 | 1.12 |
| Dec 31, 2016 | 0.87 | 0.93 | 1.25 | 1.32 |
| Dec 31, 2015 | 0.79 | 1.34 | 0.95 | 1.37 |
| Dec 31, 2014 | 0.82 | 1.32 | 1.31 | 1.68 |
| Dec 31, 2013 | 0.83 | 1.52 | 1.26 | 1.34 |
| Dec 31, 2012 | 1.01 | 1.63 | 1.38 | 1.30 |
| Dec 31, 2011 | 0.94 | 1.58 | 1.08 | 1.45 |
| Dec 31, 2010 | 0.94 | 1.68 | 1.26 | 1.67 |
| Dec 31, 2009 | 1.06 | 1.42 | 0.89 | 1.33 |
| Dec 31, 2008 | 1.47 | 1.14 | 0.96 | 1.17 |
| Dec 31, 2007 | 1.47 | 1.17 | 0.92 | 1.37 |
| Dec 31, 2006 | 1.55 | 1.28 | 0.95 | 1.27 |
| Dec 31, 2005 | 1.58 | 1.37 | 0.92 | 1.54 |
Based on: 10-K (reporting date: 2024-12-31), 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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Oil, Gas & Consumable Fuels)
Exxon Mobil Corp., current ratio, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Exxon Mobil Corp. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2024 | 1.31 | 1.21 |
| Dec 31, 2023 | 1.48 | 1.37 |
| Dec 31, 2022 | 1.41 | 1.42 |
| Dec 31, 2021 | 1.04 | 1.15 |
| Dec 31, 2020 | 0.80 | 1.00 |
| Dec 31, 2019 | 0.78 | 1.01 |
| Dec 31, 2018 | 0.84 | 1.06 |
| Dec 31, 2017 | 0.82 | 0.98 |
| Dec 31, 2016 | 0.87 | 0.95 |
| Dec 31, 2015 | 0.79 | 1.00 |
| Dec 31, 2014 | 0.82 | 1.07 |
| Dec 31, 2013 | 0.83 | 1.09 |
| Dec 31, 2012 | 1.01 | 1.25 |
| Dec 31, 2011 | 0.94 | 1.14 |
| Dec 31, 2010 | 0.94 | 1.23 |
| Dec 31, 2009 | 1.06 | 1.13 |
| Dec 31, 2008 | 1.47 | 1.25 |
| Dec 31, 2007 | 1.47 | 1.27 |
| Dec 31, 2006 | 1.55 | 1.32 |
| Dec 31, 2005 | 1.58 | 1.38 |
Based on: 10-K (reporting date: 2024-12-31), 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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Energy)
Exxon Mobil Corp., current ratio, long-term trends, comparison to industry (energy)
| Exxon Mobil Corp. | Energy | |
|---|---|---|
| Dec 31, 2024 | 1.31 | 1.23 |
| Dec 31, 2023 | 1.48 | 1.37 |
| Dec 31, 2022 | 1.41 | 1.40 |
| Dec 31, 2021 | 1.04 | 1.15 |
| Dec 31, 2020 | 0.80 | 1.02 |
| Dec 31, 2019 | 0.78 | 1.03 |
| Dec 31, 2018 | 0.84 | 1.07 |
| Dec 31, 2017 | 0.82 | 1.01 |
| Dec 31, 2016 | 0.87 | 1.04 |
| Dec 31, 2015 | 0.79 | 1.11 |
| Dec 31, 2014 | 0.82 | 1.14 |
| Dec 31, 2013 | 0.83 | 1.17 |
| Dec 31, 2012 | 1.01 | 1.31 |
| Dec 31, 2011 | 0.94 | 1.20 |
| Dec 31, 2010 | 0.94 | 1.26 |
| Dec 31, 2009 | 1.06 | 1.17 |
| Dec 31, 2008 | 1.47 | 1.28 |
| Dec 31, 2007 | 1.47 | 1.28 |
| Dec 31, 2006 | 1.55 | 1.33 |
| Dec 31, 2005 | 1.58 | 1.39 |
Based on: 10-K (reporting date: 2024-12-31), 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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).