Total Asset Turnover
since 2005
Calculation
Exxon Mobil Corp., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Sales and other operating revenue1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2025 | 0.72 | = | 323,905) | ÷ | 448,980) |
| Dec 31, 2024 | 0.75 | = | 339,247) | ÷ | 453,475) |
| Dec 31, 2023 | 0.89 | = | 334,697) | ÷ | 376,317) |
| Dec 31, 2022 | 1.08 | = | 398,675) | ÷ | 369,067) |
| Dec 31, 2021 | 0.82 | = | 276,692) | ÷ | 338,923) |
| Dec 31, 2020 | 0.54 | = | 178,574) | ÷ | 332,750) |
| Dec 31, 2019 | 0.70 | = | 255,583) | ÷ | 362,597) |
| Dec 31, 2018 | 0.81 | = | 279,332) | ÷ | 346,196) |
| Dec 31, 2017 | 0.68 | = | 237,162) | ÷ | 348,691) |
| Dec 31, 2016 | 0.66 | = | 218,608) | ÷ | 330,314) |
| Dec 31, 2015 | 0.77 | = | 259,488) | ÷ | 336,758) |
| Dec 31, 2014 | 1.13 | = | 394,105) | ÷ | 349,493) |
| Dec 31, 2013 | 1.21 | = | 420,836) | ÷ | 346,808) |
| Dec 31, 2012 | 1.36 | = | 453,123) | ÷ | 333,795) |
| Dec 31, 2011 | 1.41 | = | 467,029) | ÷ | 331,052) |
| Dec 31, 2010 | 1.22 | = | 370,125) | ÷ | 302,510) |
| Dec 31, 2009 | 1.29 | = | 301,500) | ÷ | 233,323) |
| Dec 31, 2008 | 2.02 | = | 459,579) | ÷ | 228,052) |
| Dec 31, 2007 | 1.61 | = | 390,328) | ÷ | 242,082) |
| Dec 31, 2006 | 1.67 | = | 365,467) | ÷ | 219,015) |
| Dec 31, 2005 | 1.72 | = | 358,955) | ÷ | 208,335) |
Based on: 10-K (reporting date: 2025-12-31), 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 total asset turnover ratio for the period examined demonstrates considerable fluctuation. Initially, the ratio exhibited a gradual decline from 1.72 in 2005 to 1.61 in 2007. A significant increase occurred in 2008, reaching 2.02, before declining sharply in 2009 to 1.29. The subsequent years through 2016 show a generally decreasing trend, culminating in a low of 0.66 in 2016. A modest recovery was observed in 2017 and 2018, but the ratio decreased again in 2019 and reached a new low of 0.54 in 2020. The years 2021 through 2025 show some volatility, with a peak of 1.08 in 2021, followed by a decline to 0.72 in 2025.
- Overall Trend
- The overall trend indicates a long-term decrease in the efficiency with which assets are used to generate sales. While there are periods of improvement, the ratio generally trended downward from 2005 to 2025. The most pronounced declines occurred between 2008 and 2009, and again between 2015 and 2020.
- Impact of Economic Conditions
- The spike in 2008 coincided with a period of high oil prices. The subsequent drop in 2009 likely reflects the impact of the global financial crisis and a decrease in demand. The low point in 2016 and 2020 may be attributable to lower oil prices and reduced economic activity. The increase in 2021 could be linked to economic recovery following the COVID-19 pandemic.
- Recent Performance (2021-2025)
- The period from 2021 to 2025 shows a more unstable pattern. The ratio increased in 2021, suggesting improved asset utilization, but then decreased in the following years. The decline to 0.72 in 2025 indicates a potential weakening in the relationship between asset levels and revenue generation.
- Relationship to Sales
- A review of the sales figures alongside the asset turnover ratio reveals that the declines in the ratio are not always directly correlated with declines in sales. In some years, sales increased while the ratio decreased, suggesting that asset levels grew at a faster rate than sales. This could indicate investments in new assets that have not yet translated into increased revenue.
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Comparison to Competitors
Exxon Mobil Corp., total asset turnover, long-term trends, comparison to competitors
| Exxon Mobil Corp. | Chevron Corp. | ConocoPhillips | |
|---|---|---|---|
| Dec 31, 2025 | 0.72 | 0.57 | 0.48 |
| Dec 31, 2024 | 0.75 | 0.75 | 0.45 |
| Dec 31, 2023 | 0.89 | 0.75 | 0.59 |
| Dec 31, 2022 | 1.08 | 0.91 | 0.84 |
| Dec 31, 2021 | 0.82 | 0.65 | 0.51 |
| Dec 31, 2020 | 0.54 | 0.39 | 0.30 |
| Dec 31, 2019 | 0.70 | 0.59 | 0.46 |
| Dec 31, 2018 | 0.81 | 0.63 | 0.52 |
| Dec 31, 2017 | 0.68 | 0.53 | 0.40 |
| Dec 31, 2016 | 0.66 | 0.42 | 0.26 |
| Dec 31, 2015 | 0.77 | 0.49 | 0.30 |
| Dec 31, 2014 | 1.13 | 0.75 | 0.45 |
| Dec 31, 2013 | 1.21 | 0.87 | 0.46 |
| Dec 31, 2012 | 1.36 | 0.99 | 0.49 |
| Dec 31, 2011 | 1.41 | 1.17 | 1.60 |
| Dec 31, 2010 | 1.22 | 1.07 | 1.21 |
| Dec 31, 2009 | 1.29 | 1.02 | 0.98 |
| Dec 31, 2008 | 2.02 | 1.64 | 1.69 |
| Dec 31, 2007 | 1.61 | 1.44 | 1.05 |
| Dec 31, 2006 | 1.67 | 1.54 | 1.11 |
| Dec 31, 2005 | 1.72 | 1.54 | 1.68 |
Based on: 10-K (reporting date: 2025-12-31), 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., total asset turnover, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Exxon Mobil Corp. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2025 | 0.72 | 0.63 |
| Dec 31, 2024 | 0.75 | 0.71 |
| Dec 31, 2023 | 0.89 | 0.80 |
| Dec 31, 2022 | 1.08 | 0.99 |
| Dec 31, 2021 | 0.82 | 0.71 |
| Dec 31, 2020 | 0.54 | 0.46 |
| Dec 31, 2019 | 0.70 | 0.64 |
| Dec 31, 2018 | 0.81 | 0.71 |
| Dec 31, 2017 | 0.68 | 0.59 |
| Dec 31, 2016 | 0.66 | 0.52 |
| Dec 31, 2015 | 0.77 | 0.60 |
| Dec 31, 2014 | 1.13 | 0.88 |
| Dec 31, 2013 | 1.21 | 0.97 |
| Dec 31, 2012 | 1.36 | 1.08 |
| Dec 31, 2011 | 1.41 | 1.38 |
| Dec 31, 2010 | 1.22 | 1.18 |
| Dec 31, 2009 | 1.29 | 1.12 |
| Dec 31, 2008 | 2.02 | 1.81 |
| Dec 31, 2007 | 1.61 | 1.39 |
| Dec 31, 2006 | 1.67 | 1.46 |
| Dec 31, 2005 | 1.72 | 1.66 |
Based on: 10-K (reporting date: 2025-12-31), 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., total asset turnover, long-term trends, comparison to industry (energy)
| Exxon Mobil Corp. | Energy | |
|---|---|---|
| Dec 31, 2025 | 0.72 | 0.63 |
| Dec 31, 2024 | 0.75 | 0.71 |
| Dec 31, 2023 | 0.89 | 0.79 |
| Dec 31, 2022 | 1.08 | 0.97 |
| Dec 31, 2021 | 0.82 | 0.71 |
| Dec 31, 2020 | 0.54 | 0.47 |
| Dec 31, 2019 | 0.70 | 0.63 |
| Dec 31, 2018 | 0.81 | 0.69 |
| Dec 31, 2017 | 0.68 | 0.58 |
| Dec 31, 2016 | 0.66 | 0.50 |
| Dec 31, 2015 | 0.77 | 0.59 |
| Dec 31, 2014 | 1.13 | 0.87 |
| Dec 31, 2013 | 1.21 | 0.94 |
| Dec 31, 2012 | 1.36 | 1.05 |
| Dec 31, 2011 | 1.41 | 1.33 |
| Dec 31, 2010 | 1.22 | 1.13 |
| Dec 31, 2009 | 1.29 | 1.10 |
| Dec 31, 2008 | 2.02 | 1.76 |
| Dec 31, 2007 | 1.61 | 1.37 |
| Dec 31, 2006 | 1.67 | 1.43 |
| Dec 31, 2005 | 1.72 | 1.63 |
Based on: 10-K (reporting date: 2025-12-31), 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).