Stock Analysis on Net

Exxon Mobil Corp. (NYSE:XOM)

Analysis of Profitability Ratios 

Microsoft Excel LibreOffice Calc

Profitability Ratios (Summary)

Exxon Mobil Corp., profitability ratios

Microsoft Excel LibreOffice Calc
Dec 31, 2021 Dec 31, 2020 Dec 31, 2019 Dec 31, 2018 Dec 31, 2017
Return on Sales
Gross profit margin 30.90% 30.32% 29.33% 30.96% 31.55%
Operating profit margin 8.68% -16.49% 4.99% 7.92% 5.09%
Net profit margin 8.33% -12.57% 5.61% 7.46% 8.31%
Return on Investment
Return on equity (ROE) 13.67% -14.28% 7.48% 10.87% 10.50%
Return on assets (ROA) 6.80% -6.74% 3.95% 6.02% 5.65%

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

Microsoft Excel LibreOffice Calc
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

Microsoft Excel LibreOffice Calc
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

Microsoft Excel LibreOffice Calc
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

Microsoft Excel LibreOffice Calc
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

Microsoft Excel LibreOffice Calc
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.