Return on Assets (ROA)
since 2005
Calculation
Exxon Mobil Corp., ROA, long-term trends, calculation
| ROA | = | 100 | × | Net income (loss) attributable to ExxonMobil1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2024 | 7.43% | = | 100 | × | 33,680) | ÷ | 453,475) |
| Dec 31, 2023 | 9.57% | = | 100 | × | 36,010) | ÷ | 376,317) |
| Dec 31, 2022 | 15.10% | = | 100 | × | 55,740) | ÷ | 369,067) |
| Dec 31, 2021 | 6.80% | = | 100 | × | 23,040) | ÷ | 338,923) |
| Dec 31, 2020 | -6.74% | = | 100 | × | (22,440) | ÷ | 332,750) |
| Dec 31, 2019 | 3.95% | = | 100 | × | 14,340) | ÷ | 362,597) |
| Dec 31, 2018 | 6.02% | = | 100 | × | 20,840) | ÷ | 346,196) |
| Dec 31, 2017 | 5.65% | = | 100 | × | 19,710) | ÷ | 348,691) |
| Dec 31, 2016 | 2.37% | = | 100 | × | 7,840) | ÷ | 330,314) |
| Dec 31, 2015 | 4.80% | = | 100 | × | 16,150) | ÷ | 336,758) |
| Dec 31, 2014 | 9.30% | = | 100 | × | 32,520) | ÷ | 349,493) |
| Dec 31, 2013 | 9.39% | = | 100 | × | 32,580) | ÷ | 346,808) |
| Dec 31, 2012 | 13.45% | = | 100 | × | 44,880) | ÷ | 333,795) |
| Dec 31, 2011 | 12.40% | = | 100 | × | 41,060) | ÷ | 331,052) |
| Dec 31, 2010 | 10.07% | = | 100 | × | 30,460) | ÷ | 302,510) |
| Dec 31, 2009 | 8.26% | = | 100 | × | 19,280) | ÷ | 233,323) |
| Dec 31, 2008 | 19.83% | = | 100 | × | 45,220) | ÷ | 228,052) |
| Dec 31, 2007 | 16.78% | = | 100 | × | 40,610) | ÷ | 242,082) |
| Dec 31, 2006 | 18.04% | = | 100 | × | 39,500) | ÷ | 219,015) |
| Dec 31, 2005 | 17.34% | = | 100 | × | 36,130) | ÷ | 208,335) |
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 over the analyzed periods reveal several notable trends in profitability, asset base, and return on assets for the company.
- Net Income (Loss) Attributable to ExxonMobil
-
Net income exhibited significant fluctuations over the periods. Starting from a level of approximately $36 billion in 2005, net income increased gradually, peaking at over $45 billion in 2008. A sharp decline was evident in 2009, coinciding with a reduction to about $19 billion. Following recovery, net income rose again to above $41 billion in 2011. The subsequent years showed moderate variation, with a marked downturn in 2020, resulting in a net loss of around $22 billion, likely influenced by external economic factors during that year. Net income rebounded in the subsequent years, reaching a peak of approximately $55 billion in 2022, before declining somewhat to about $34 billion by 2024.
- Total Assets
-
Total assets generally trended upward throughout the period analyzed. Starting at approximately $208 billion in 2005, there was steady growth with some fluctuations, reaching over $333 billion by 2012. The asset base continued to increase, with a slight dip in 2020, but recovered thereafter. A significant increase was evident from 2023 to 2024, with total assets escalating to over $453 billion, marking the highest level observed in the dataset. This trend indicates continuous investment or acquisition activity, or revaluation of asset holdings in recent years.
- Return on Assets (ROA)
-
ROA demonstrated volatility, reflecting the profitability relative to asset size. From 2005 to 2008, ROA remained robust, peaking near 20% in 2008. A significant decrease followed during 2009, dropping to just over 8%, corresponding with the notable dip in net income. The ROA moderately improved through 2012 but showed a declining trend towards 2015 and 2016, reaching lows close to 2%. A recovery phase occurred from 2017 onwards, with ROA rising again to over 15% by 2021, signaling improved efficiency or profitability. The dip in 2020 was substantial, with a negative ROA reflecting the net loss that year. Post-2020, the ROA rebounded but did not reach previous peak levels, ending around 7.4% in 2024.
Overall, the data depict a company experiencing cyclicality in profitability and efficiency, with asset growth sustaining a generally positive trend. The pronounced declines in net income and ROA during certain years correspond to broader economic challenges, while recovery years show strong rebounds in financial performance. The expansion in total assets towards the end of the period suggests strategic growth initiatives or significant asset revaluation.
Comparison to Competitors
Exxon Mobil Corp., ROA, long-term trends, comparison to competitors
| Exxon Mobil Corp. | Chevron Corp. | ConocoPhillips | Occidental Petroleum Corp. | |
|---|---|---|---|---|
| Dec 31, 2024 | 7.43% | 6.87% | 7.53% | 3.58% |
| Dec 31, 2023 | 9.57% | 8.17% | 11.42% | 6.35% |
| Dec 31, 2022 | 15.10% | 13.76% | 19.91% | 18.32% |
| Dec 31, 2021 | 6.80% | 6.52% | 8.91% | 3.09% |
| Dec 31, 2020 | -6.74% | -2.31% | -4.31% | -18.52% |
| Dec 31, 2019 | 3.95% | 1.23% | 10.20% | -0.61% |
| Dec 31, 2018 | 6.02% | 5.84% | 8.94% | 9.42% |
| Dec 31, 2017 | 5.65% | 3.62% | -1.17% | 3.12% |
| Dec 31, 2016 | 2.37% | -0.19% | -4.03% | -1.33% |
| Dec 31, 2015 | 4.80% | 1.72% | -4.54% | -18.02% |
| Dec 31, 2014 | 9.30% | 7.23% | 5.89% | 1.09% |
| Dec 31, 2013 | 9.39% | 8.44% | 7.76% | 8.50% |
| Dec 31, 2012 | 13.45% | 11.24% | 7.19% | 7.16% |
| Dec 31, 2011 | 12.40% | 12.84% | 8.12% | 11.28% |
| Dec 31, 2010 | 10.07% | 10.30% | 7.27% | 8.64% |
| Dec 31, 2009 | 8.26% | 6.37% | 3.18% | 6.59% |
| Dec 31, 2008 | 19.83% | 14.85% | -11.90% | 16.51% |
| Dec 31, 2007 | 16.78% | 12.56% | 6.69% | 14.79% |
| Dec 31, 2006 | 18.04% | 12.92% | 9.44% | 12.93% |
| Dec 31, 2005 | 17.34% | 11.20% | 12.64% | 20.23% |
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., ROA, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Exxon Mobil Corp. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2024 | 7.43% | 6.93% |
| Dec 31, 2023 | 9.57% | 9.04% |
| Dec 31, 2022 | 15.10% | 15.53% |
| Dec 31, 2021 | 6.80% | 6.59% |
| Dec 31, 2020 | -6.74% | -6.36% |
| Dec 31, 2019 | 3.95% | 3.05% |
| Dec 31, 2018 | 6.02% | 6.45% |
| Dec 31, 2017 | 5.65% | 4.09% |
| Dec 31, 2016 | 2.37% | 0.44% |
| Dec 31, 2015 | 4.80% | 1.14% |
| Dec 31, 2014 | 9.30% | 7.52% |
| Dec 31, 2013 | 9.39% | 8.76% |
| Dec 31, 2012 | 13.45% | 11.24% |
| Dec 31, 2011 | 12.40% | 11.56% |
| Dec 31, 2010 | 10.07% | 9.39% |
| Dec 31, 2009 | 8.26% | 6.31% |
| Dec 31, 2008 | 19.83% | 10.29% |
| Dec 31, 2007 | 16.78% | 12.66% |
| Dec 31, 2006 | 18.04% | 13.92% |
| Dec 31, 2005 | 17.34% | 14.77% |
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., ROA, long-term trends, comparison to industry (energy)
| Exxon Mobil Corp. | Energy | |
|---|---|---|
| Dec 31, 2024 | 7.43% | 7.04% |
| Dec 31, 2023 | 9.57% | 9.02% |
| Dec 31, 2022 | 15.10% | 15.14% |
| Dec 31, 2021 | 6.80% | 6.48% |
| Dec 31, 2020 | -6.74% | -7.40% |
| Dec 31, 2019 | 3.95% | 1.63% |
| Dec 31, 2018 | 6.02% | 6.14% |
| Dec 31, 2017 | 5.65% | 3.53% |
| Dec 31, 2016 | 2.37% | 0.18% |
| Dec 31, 2015 | 4.80% | 1.30% |
| Dec 31, 2014 | 9.30% | 7.56% |
| Dec 31, 2013 | 9.39% | 8.86% |
| Dec 31, 2012 | 13.45% | 11.06% |
| Dec 31, 2011 | 12.40% | 11.39% |
| Dec 31, 2010 | 10.07% | 9.31% |
| Dec 31, 2009 | 8.26% | 6.47% |
| Dec 31, 2008 | 19.83% | 10.64% |
| Dec 31, 2007 | 16.78% | 12.92% |
| Dec 31, 2006 | 18.04% | 14.01% |
| Dec 31, 2005 | 17.34% | 14.68% |
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).