Return on Equity (ROE)
since 2005
Calculation
Exxon Mobil Corp., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income (loss) attributable to ExxonMobil1 | ÷ | Total ExxonMobil share of equity1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2024 | 12.77% | = | 100 | × | 33,680) | ÷ | 263,705) |
| Dec 31, 2023 | 17.58% | = | 100 | × | 36,010) | ÷ | 204,802) |
| Dec 31, 2022 | 28.58% | = | 100 | × | 55,740) | ÷ | 195,049) |
| Dec 31, 2021 | 13.67% | = | 100 | × | 23,040) | ÷ | 168,577) |
| Dec 31, 2020 | -14.28% | = | 100 | × | (22,440) | ÷ | 157,150) |
| Dec 31, 2019 | 7.48% | = | 100 | × | 14,340) | ÷ | 191,650) |
| Dec 31, 2018 | 10.87% | = | 100 | × | 20,840) | ÷ | 191,794) |
| Dec 31, 2017 | 10.50% | = | 100 | × | 19,710) | ÷ | 187,688) |
| Dec 31, 2016 | 4.69% | = | 100 | × | 7,840) | ÷ | 167,325) |
| Dec 31, 2015 | 9.45% | = | 100 | × | 16,150) | ÷ | 170,811) |
| Dec 31, 2014 | 18.65% | = | 100 | × | 32,520) | ÷ | 174,399) |
| Dec 31, 2013 | 18.72% | = | 100 | × | 32,580) | ÷ | 174,003) |
| Dec 31, 2012 | 27.06% | = | 100 | × | 44,880) | ÷ | 165,863) |
| Dec 31, 2011 | 26.59% | = | 100 | × | 41,060) | ÷ | 154,396) |
| Dec 31, 2010 | 20.74% | = | 100 | × | 30,460) | ÷ | 146,839) |
| Dec 31, 2009 | 17.44% | = | 100 | × | 19,280) | ÷ | 110,569) |
| Dec 31, 2008 | 40.03% | = | 100 | × | 45,220) | ÷ | 112,965) |
| Dec 31, 2007 | 33.35% | = | 100 | × | 40,610) | ÷ | 121,762) |
| Dec 31, 2006 | 34.70% | = | 100 | × | 39,500) | ÷ | 113,844) |
| Dec 31, 2005 | 32.50% | = | 100 | × | 36,130) | ÷ | 111,186) |
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
- Net Income (Loss) Trends
- The net income attributable shows significant volatility over the period. It reached a peak around 2008 at 45,220 million US dollars, followed by a sharp decline in 2009 to 19,280 million. After recovering to approximately 41,060 million in 2011, net income again showed a downward trend with a notable low in 2016 at 7,840 million. The period from 2017 to 2019 saw fluctuating recovery with values increasing to 20,840 million before dropping substantially to a loss of -22,440 million in 2020. Following this loss, net income rebounded strongly, peaking at 55,740 million in 2022, then declining to around 33,680 million by 2024.
- Total ExxonMobil Share of Equity Trends
- Equity exhibited steady growth over the examined years, starting from 111,186 million US dollars in 2005 and peaking at 263,705 million in 2024. Despite minor declines, such as the drop between 2014 and 2016, the overall trajectory is upward, indicating sustained growth in the company's shareholder equity base. The increase is particularly marked from 2021 onwards, evidencing an accelerated build-up in equity.
- Return on Equity (ROE) Analysis
- The ROE percentage demonstrated high variability, consistent with the fluctuations seen in net income. It started at a robust 32.5% in 2005, increased to a high of 40.03% in 2008, then sharply decreased to 17.44% in 2009. Between 2010 and 2014, ROE declined steadily, reaching a low of 4.69% in 2016. Moderate recovery ensued through 2017 to 2019 with ROE stabilizing around 10%. A dramatic negative return occurred in 2020 (-14.28%), congruent with the net loss that year. Subsequent years displayed recovery with ROE rising up to approximately 28.58% in 2022 before tapering to around 12.77% by 2024.
- Summary of Financial Performance
- The financial data indicates periods of strong profitability interrupted by considerable downturns, notably around the global financial crisis in 2008-2009 and the pandemic impact in 2020. The firm has maintained a growing equity base, which supports resilience and capacity for recovery. Fluctuations in ROE reflect the sensitivity of profitability relative to the equity base, with significant declines corresponding to years with net losses or lowered income. The strong rebound post-2020 suggests effective management response and recovery strategies after unprecedented challenges.
Comparison to Competitors
Exxon Mobil Corp., ROE, long-term trends, comparison to competitors
| Exxon Mobil Corp. | Chevron Corp. | ConocoPhillips | Occidental Petroleum Corp. | |
|---|---|---|---|---|
| Dec 31, 2024 | 12.77% | 11.59% | 14.27% | 8.95% |
| Dec 31, 2023 | 17.58% | 13.28% | 22.23% | 15.52% |
| Dec 31, 2022 | 28.58% | 22.27% | 38.91% | 44.22% |
| Dec 31, 2021 | 13.67% | 11.24% | 17.79% | 11.42% |
| Dec 31, 2020 | -14.28% | -4.21% | -9.05% | -79.85% |
| Dec 31, 2019 | 7.48% | 2.03% | 20.55% | -1.95% |
| Dec 31, 2018 | 10.87% | 9.59% | 19.59% | 19.37% |
| Dec 31, 2017 | 10.50% | 6.21% | -2.79% | 6.37% |
| Dec 31, 2016 | 4.69% | -0.34% | -10.34% | -2.67% |
| Dec 31, 2015 | 9.45% | 3.00% | -11.14% | -32.15% |
| Dec 31, 2014 | 18.65% | 12.41% | 13.23% | 1.76% |
| Dec 31, 2013 | 18.72% | 14.37% | 17.58% | 13.69% |
| Dec 31, 2012 | 27.06% | 19.18% | 17.56% | 11.49% |
| Dec 31, 2011 | 26.59% | 22.16% | 19.07% | 18.00% |
| Dec 31, 2010 | 20.74% | 18.10% | 16.57% | 13.95% |
| Dec 31, 2009 | 17.44% | 11.41% | 7.78% | 10.02% |
| Dec 31, 2008 | 40.03% | 27.62% | -30.81% | 25.12% |
| Dec 31, 2007 | 33.35% | 24.24% | 13.36% | 23.66% |
| Dec 31, 2006 | 34.70% | 24.86% | 18.82% | 21.80% |
| Dec 31, 2005 | 32.50% | 22.50% | 25.66% | 35.13% |
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., ROE, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Exxon Mobil Corp. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2024 | 12.77% | 12.36% |
| Dec 31, 2023 | 17.58% | 16.40% |
| Dec 31, 2022 | 28.58% | 28.49% |
| Dec 31, 2021 | 13.67% | 13.14% |
| Dec 31, 2020 | -14.28% | -13.50% |
| Dec 31, 2019 | 7.48% | 5.87% |
| Dec 31, 2018 | 10.87% | 11.52% |
| Dec 31, 2017 | 10.50% | 7.59% |
| Dec 31, 2016 | 4.69% | 0.85% |
| Dec 31, 2015 | 9.45% | 2.19% |
| Dec 31, 2014 | 18.65% | 14.23% |
| Dec 31, 2013 | 18.72% | 16.51% |
| Dec 31, 2012 | 27.06% | 21.54% |
| Dec 31, 2011 | 26.59% | 23.02% |
| Dec 31, 2010 | 20.74% | 18.52% |
| Dec 31, 2009 | 17.44% | 12.77% |
| Dec 31, 2008 | 40.03% | 20.92% |
| Dec 31, 2007 | 33.35% | 24.65% |
| Dec 31, 2006 | 34.70% | 26.83% |
| Dec 31, 2005 | 32.50% | 28.57% |
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., ROE, long-term trends, comparison to industry (energy)
| Exxon Mobil Corp. | Energy | |
|---|---|---|
| Dec 31, 2024 | 12.77% | 12.70% |
| Dec 31, 2023 | 17.58% | 16.59% |
| Dec 31, 2022 | 28.58% | 28.13% |
| Dec 31, 2021 | 13.67% | 13.12% |
| Dec 31, 2020 | -14.28% | -16.04% |
| Dec 31, 2019 | 7.48% | 3.18% |
| Dec 31, 2018 | 10.87% | 11.06% |
| Dec 31, 2017 | 10.50% | 6.57% |
| Dec 31, 2016 | 4.69% | 0.36% |
| Dec 31, 2015 | 9.45% | 2.49% |
| Dec 31, 2014 | 18.65% | 14.24% |
| Dec 31, 2013 | 18.72% | 16.56% |
| Dec 31, 2012 | 27.06% | 21.07% |
| Dec 31, 2011 | 26.59% | 22.48% |
| Dec 31, 2010 | 20.74% | 18.13% |
| Dec 31, 2009 | 17.44% | 12.99% |
| Dec 31, 2008 | 40.03% | 21.56% |
| Dec 31, 2007 | 33.35% | 25.12% |
| Dec 31, 2006 | 34.70% | 27.14% |
| Dec 31, 2005 | 32.50% | 28.59% |
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).