Analysis of Profitability Ratios
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Exxon Mobil Corp., profitability ratios
Based on: 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).
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Exxon Mobil Corp. gross profit margin ratio improved from 2019 to 2020 and from 2020 to 2021. |
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Exxon Mobil Corp. operating profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Exxon Mobil Corp. net profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Exxon Mobil Corp. ROE deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
| ROA | A profitability ratio calculated as net income divided by total assets. | Exxon Mobil Corp. ROA deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Gross Profit Margin
Exxon Mobil Corp., gross profit margin calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Gross profit | 85,493 | 54,136 | 74,956 | 86,478 | 74,817 | |
| Sales and other operating revenue | 276,692 | 178,574 | 255,583 | 279,332 | 237,162 | |
| Profitability Ratio | ||||||
| Gross profit margin1 | 30.90% | 30.32% | 29.33% | 30.96% | 31.55% | |
| Benchmarks | ||||||
| Gross Profit Margin, Competitors2 | ||||||
| Chevron Corp. | 29.25% | 25.04% | 27.43% | 27.55% | 23.97% | |
| ConocoPhillips | 47.95% | 33.87% | 47.30% | 46.43% | 39.37% | |
| Devon Energy Corp. | 47.82% | 35.05% | 35.55% | 38.62% | 31.51% | |
| Occidental Petroleum Corp. | 62.79% | 52.45% | 59.12% | 63.15% | 55.28% | |
Based on: 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).
1 2021 Calculation
Gross profit margin = 100 × Gross profit ÷ Sales and other operating revenue
= 100 × 85,493 ÷ 276,692 = 30.90%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Gross profit margin | Gross profit margin indicates the percentage of revenue available to cover operating and other expenditures. | Exxon Mobil Corp. gross profit margin ratio improved from 2019 to 2020 and from 2020 to 2021. |
Operating Profit Margin
Exxon Mobil Corp., operating profit margin calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Operating income (loss) | 24,019 | (29,448) | 12,766 | 22,124 | 12,074 | |
| Sales and other operating revenue | 276,692 | 178,574 | 255,583 | 279,332 | 237,162 | |
| Profitability Ratio | ||||||
| Operating profit margin1 | 8.68% | -16.49% | 4.99% | 7.92% | 5.09% | |
| Benchmarks | ||||||
| Operating Profit Margin, Competitors2 | ||||||
| Chevron Corp. | 10.40% | -6.45% | 0.07% | 9.09% | 1.84% | |
| ConocoPhillips | 24.34% | -15.25% | 19.44% | 24.04% | -16.00% | |
| Devon Energy Corp. | 26.44% | -58.41% | 2.27% | 14.10% | 9.99% | |
| Occidental Petroleum Corp. | 16.21% | -71.20% | -0.95% | 25.56% | 4.40% | |
| Operating Profit Margin, Sector | ||||||
| Oil, Gas & Consumable Fuels | 11.39% | -17.14% | 4.21% | 10.21% | 2.77% | |
Based on: 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).
1 2021 Calculation
Operating profit margin = 100 × Operating income (loss) ÷ Sales and other operating revenue
= 100 × 24,019 ÷ 276,692 = 8.68%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Operating profit margin | A profitability ratio calculated as operating income divided by revenue. | Exxon Mobil Corp. operating profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Net Profit Margin
Exxon Mobil Corp., net profit margin calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income (loss) attributable to ExxonMobil | 23,040 | (22,440) | 14,340 | 20,840 | 19,710 | |
| Sales and other operating revenue | 276,692 | 178,574 | 255,583 | 279,332 | 237,162 | |
| Profitability Ratio | ||||||
| Net profit margin1 | 8.33% | -12.57% | 5.61% | 7.46% | 8.31% | |
| Benchmarks | ||||||
| Net Profit Margin, Competitors2 | ||||||
| Chevron Corp. | 10.04% | -5.87% | 2.09% | 9.33% | 6.83% | |
| ConocoPhillips | 17.63% | -14.38% | 22.07% | 17.18% | -2.94% | |
| Devon Energy Corp. | 23.05% | -55.51% | -5.71% | 28.54% | 6.44% | |
| Occidental Petroleum Corp. | 8.95% | -83.28% | -3.27% | 23.18% | 10.48% | |
| Net Profit Margin, Sector | ||||||
| Oil, Gas & Consumable Fuels | 10.05% | -15.33% | 5.15% | 9.76% | 7.08% | |
Based on: 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).
1 2021 Calculation
Net profit margin = 100 × Net income (loss) attributable to ExxonMobil ÷ Sales and other operating revenue
= 100 × 23,040 ÷ 276,692 = 8.33%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| Net profit margin | An indicator of profitability, calculated as net income divided by revenue. | Exxon Mobil Corp. net profit margin ratio deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Return on Equity (ROE)
Exxon Mobil Corp., ROE calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income (loss) attributable to ExxonMobil | 23,040 | (22,440) | 14,340 | 20,840 | 19,710 | |
| Total ExxonMobil share of equity | 168,577 | 157,150 | 191,650 | 191,794 | 187,688 | |
| Profitability Ratio | ||||||
| ROE1 | 13.67% | -14.28% | 7.48% | 10.87% | 10.50% | |
| Benchmarks | ||||||
| ROE, Competitors2 | ||||||
| Chevron Corp. | 11.24% | -4.21% | 2.03% | 9.59% | 6.21% | |
| ConocoPhillips | 17.79% | -9.05% | 20.55% | 19.59% | -2.79% | |
| Devon Energy Corp. | 30.37% | -92.89% | -6.12% | 33.36% | 9.70% | |
| Occidental Petroleum Corp. | 11.42% | -79.85% | -1.95% | 19.37% | 6.37% | |
| ROE, Sector | ||||||
| Oil, Gas & Consumable Fuels | 13.56% | -14.17% | 5.70% | 12.01% | 7.64% | |
Based on: 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).
1 2021 Calculation
ROE = 100 × Net income (loss) attributable to ExxonMobil ÷ Total ExxonMobil share of equity
= 100 × 23,040 ÷ 168,577 = 13.67%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROE | A profitability ratio calculated as net income divided by shareholders’ equity. | Exxon Mobil Corp. ROE deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |
Return on Assets (ROA)
Exxon Mobil Corp., ROA calculation, comparison to benchmarks
| Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | Dec 31, 2018 | Dec 31, 2017 | ||
|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||
| Net income (loss) attributable to ExxonMobil | 23,040 | (22,440) | 14,340 | 20,840 | 19,710 | |
| Total assets | 338,923 | 332,750 | 362,597 | 346,196 | 348,691 | |
| Profitability Ratio | ||||||
| ROA1 | 6.80% | -6.74% | 3.95% | 6.02% | 5.65% | |
| Benchmarks | ||||||
| ROA, Competitors2 | ||||||
| Chevron Corp. | 6.52% | -2.31% | 1.23% | 5.84% | 3.62% | |
| ConocoPhillips | 8.91% | -4.31% | 10.20% | 8.94% | -1.17% | |
| Devon Energy Corp. | 13.38% | -27.04% | -2.59% | 15.66% | 2.97% | |
| Occidental Petroleum Corp. | 3.09% | -18.52% | -0.61% | 9.42% | 3.12% | |
| ROA, Sector | ||||||
| Oil, Gas & Consumable Fuels | 6.78% | -6.65% | 2.95% | 6.70% | 4.04% | |
Based on: 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).
1 2021 Calculation
ROA = 100 × Net income (loss) attributable to ExxonMobil ÷ Total assets
= 100 × 23,040 ÷ 338,923 = 6.80%
2 Click competitor name to see calculations.
| Profitability ratio | Description | The company |
|---|---|---|
| ROA | A profitability ratio calculated as net income divided by total assets. | Exxon Mobil Corp. ROA deteriorated from 2019 to 2020 but then improved from 2020 to 2021 exceeding 2019 level. |