Analysis of Profitability Ratios
Quarterly Data
Profitability ratios measure the company ability to generate profitable sales from its resources (assets).
Profitability Ratios (Summary)
Exxon Mobil Corp., profitability ratios (quarterly data)
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
- Operating Profit Margin
- The operating profit margin demonstrated a clear recovery trend starting from the end of 2020. Initially, the margin was significantly negative, reaching a low of -14.85% in the first quarter of 2020 and remaining negative through the third quarter of 2021. Beginning in the fourth quarter of 2021, a reversal occurred, with margins turning positive and steadily increasing to peak at 21.37% in the second quarter of 2023. Subsequent quarters showed a moderate decline, stabilizing around 14.5% by the first quarter of 2025.
- Net Profit Margin
- The net profit margin followed a similar trajectory to the operating profit margin, albeit at consistently lower percentages. It was negative from the first quarter of 2020 through the third quarter of 2021, with a nadir of -12.57% in the first quarter of 2020. Positive margins emerged in the fourth quarter of 2021, increasing to a high of 14.87% in the second quarter of 2023. This was followed by a gradual decline and stabilization in the range of approximately 9.7% to 10% through early 2025.
- Return on Equity (ROE)
- ROE mirrored the negative trend experienced in profit margins during 2020 and early 2021, with deeply negative values peaking at -14.28% in the first quarter of 2020. By the end of 2021, ROE had turned positive and increased markedly, reaching a peak of 29.54% in the second quarter of 2023. After this peak, a progressive decrease was observed, with ROE falling to around 12.6% by the first quarter of 2025, indicating a normalization following strong recovery.
- Return on Assets (ROA)
- ROA exhibited trends consistent with ROE and profit margins. Initially negative during 2020, with a low of -6.74% early in the year, ROA began improving in late 2021 and peaked at 15.89% in the second quarter of 2023. After reaching this high point, ROA declined steadily, leveling off near 7.3% to 7.4% through the first quarter of 2025. This suggests improved asset efficiency following recovery, followed by a moderation phase.
Return on Sales
Return on Investment
Operating Profit Margin
Exxon Mobil Corp., operating profit margin calculation (quarterly data)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Operating income (loss) | 11,918) | 10,141) | 13,266) | 13,970) | 12,613) | 11,114) | 14,034) | 12,069) | 17,129) | 16,149) | 25,785) | 25,247) | 8,852) | 12,050) | 9,966) | 6,723) | 4,228) | (25,907) | 179) | (1,052) | 260) | |||||||
| Sales and other operating revenue | 81,058) | 81,058) | 87,792) | 89,986) | 80,411) | 81,688) | 88,570) | 80,795) | 83,644) | 93,164) | 106,512) | 111,265) | 87,734) | 81,305) | 71,892) | 65,943) | 57,552) | 45,738) | 45,425) | 32,277) | 55,134) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Operating profit margin1 | 14.50% | 14.74% | 14.99% | 15.19% | 15.03% | 16.24% | 17.15% | 19.54% | 21.37% | 19.07% | 18.60% | 15.93% | 12.25% | 11.91% | -2.07% | -6.88% | -12.46% | -14.85% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Operating Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| Chevron Corp. | 13.48% | 14.63% | 13.22% | 14.15% | 14.73% | 15.37% | 18.06% | 19.98% | 21.92% | 21.42% | 21.03% | 19.86% | 16.73% | 14.81% | 11.53% | 6.49% | -7.90% | -6.22% | — | — | — | |||||||
| ConocoPhillips | 26.65% | 26.64% | 28.67% | 29.76% | 29.79% | 30.57% | 30.06% | 31.80% | 33.89% | 36.80% | 37.27% | 37.07% | 36.63% | 29.84% | 22.86% | 14.26% | 4.66% | -12.74% | — | — | — | |||||||
| Occidental Petroleum Corp. | 17.79% | 16.40% | 22.26% | 22.99% | 22.07% | 24.21% | 26.09% | 29.74% | 35.99% | 38.32% | 38.11% | 34.71% | 25.87% | 17.59% | 4.22% | -23.09% | -79.26% | -79.89% | — | — | — | |||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Q1 2025 Calculation
Operating profit margin = 100
× (Operating income (loss)Q1 2025
+ Operating income (loss)Q4 2024
+ Operating income (loss)Q3 2024
+ Operating income (loss)Q2 2024)
÷ (Sales and other operating revenueQ1 2025
+ Sales and other operating revenueQ4 2024
+ Sales and other operating revenueQ3 2024
+ Sales and other operating revenueQ2 2024)
= 100 × (11,918 + 10,141 + 13,266 + 13,970)
÷ (81,058 + 81,058 + 87,792 + 89,986)
= 14.50%
2 Click competitor name to see calculations.
The operating income experienced significant volatility throughout the observed periods. Initially, there was a sharp decline in the second quarter of 2020, with a loss of 1,052 million USD, followed by a temporary recovery in the third quarter of 2020. However, the year ended with a substantial loss of 25,907 million USD in the fourth quarter of 2020. From 2021 onwards, a strong recovery trend is evident, with operating income rising consistently, peaking in the third quarter of 2022 at 25,785 million USD. After that peak, operating income showed a moderate decline, stabilizing around 11,000 to 14,000 million USD in subsequent quarters, with some fluctuations persisting through to the first quarter of 2025.
Sales and other operating revenue reflect an upward trend from early 2020 to mid-2022, increasing from approximately 55 billion USD in the first quarter of 2020 to a peak of over 111 billion USD in the second quarter of 2022. This growth phase is punctuated by some volatility but remains generally positive until the third quarter of 2022, when revenue starts to decline, settling around 81 billion USD by the last reported quarter in 2025. This shift suggests a changing market or operational conditions impacting top-line performance.
Operating profit margin percentages were not fully reported for the earliest quarters but became available starting in the third quarter of 2020. The margin was negative through most of 2020 and early 2021, reflecting operational difficulties or unfavorable market conditions. Starting from late 2021, the margin turned positive and improved steadily, reaching a high above 21% in early 2023. Following this peak, a gradual decline in margins occurred, though profitability remained robust, with margins stabilizing around 14.5% to 15% towards the end of the observed period.
- Operating Income (Loss) Trend
- Marked by a steep loss in mid-2020, followed by recovery and peak performance in late 2022, then moderate decline and stabilization through early 2025.
- Sales and Other Operating Revenue Trend
- Strong growth up to mid-2022 with a peak above 111 billion USD, followed by a downward correction and stabilization around 81 billion USD by 2025.
- Operating Profit Margin Trend
- Negative margins during 2020 turning positive by late 2021, improving to over 21% in early 2023, then gradually declining but holding steady above 14% later.
Overall, the data indicates a company recovering from a challenging 2020, with improving operational profitability and revenue growth through 2021 and 2022, followed by a period of correction and margin normalization in the subsequent quarters. The trends suggest adaptation to changing market or internal conditions, with a return to sustained profitability after significant disruption.
Net Profit Margin
Exxon Mobil Corp., net profit margin calculation (quarterly data)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Net income (loss) attributable to ExxonMobil | 7,713) | 7,610) | 8,610) | 9,240) | 8,220) | 7,630) | 9,070) | 7,880) | 11,430) | 9,750) | 19,660) | 17,850) | 5,480) | 8,870) | 6,750) | 4,690) | 2,730) | (20,070) | (680) | (1,080) | (610) | |||||||
| Sales and other operating revenue | 81,058) | 81,058) | 87,792) | 89,986) | 80,411) | 81,688) | 88,570) | 80,795) | 83,644) | 93,164) | 106,512) | 111,265) | 87,734) | 81,305) | 71,892) | 65,943) | 57,552) | 45,738) | 45,425) | 32,277) | 55,134) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| Net profit margin1 | 9.76% | 9.93% | 9.92% | 10.03% | 9.90% | 10.76% | 11.01% | 13.38% | 14.87% | 13.23% | 13.41% | 11.06% | 8.40% | 8.33% | -2.45% | -6.21% | -10.55% | -12.57% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| Net Profit Margin, Competitors2 | ||||||||||||||||||||||||||||
| Chevron Corp. | 8.12% | 9.13% | 8.60% | 9.50% | 10.43% | 10.85% | 12.57% | 14.09% | 15.41% | 15.05% | 15.05% | 14.09% | 11.60% | 10.04% | 7.36% | 3.09% | -8.10% | -5.87% | — | — | — | |||||||
| ConocoPhillips | 16.62% | 16.89% | 18.01% | 18.93% | 19.19% | 19.52% | 18.67% | 19.37% | 20.97% | 23.80% | 24.06% | 24.34% | 23.91% | 17.63% | 12.93% | 6.33% | 0.09% | -14.38% | — | — | — | |||||||
| Occidental Petroleum Corp. | 11.27% | 11.43% | 16.14% | 17.05% | 16.00% | 16.62% | 18.51% | 21.55% | 27.29% | 36.32% | 35.55% | 32.60% | 25.31% | 8.95% | -1.47% | -24.23% | -78.62% | -83.28% | — | — | — | |||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Q1 2025 Calculation
Net profit margin = 100
× (Net income (loss) attributable to ExxonMobilQ1 2025
+ Net income (loss) attributable to ExxonMobilQ4 2024
+ Net income (loss) attributable to ExxonMobilQ3 2024
+ Net income (loss) attributable to ExxonMobilQ2 2024)
÷ (Sales and other operating revenueQ1 2025
+ Sales and other operating revenueQ4 2024
+ Sales and other operating revenueQ3 2024
+ Sales and other operating revenueQ2 2024)
= 100 × (7,713 + 7,610 + 8,610 + 9,240)
÷ (81,058 + 81,058 + 87,792 + 89,986)
= 9.76%
2 Click competitor name to see calculations.
The financial data reveals significant fluctuations in profitability and revenue over the observed periods, reflecting a dynamic operational environment.
- Net Income (Loss) Attributable to ExxonMobil
- The net income shows a considerable downturn during the early stages of 2020, with losses peaking notably in the final quarter of that year (-$20,070 million). This was followed by a robust recovery starting in the first quarter of 2021, with positive income figures consistently increasing and reaching a high of $19,660 million by the third quarter of 2022. Thereafter, net income experienced a moderate decline but remained positive through subsequent quarters, stabilizing around the $7,600 to $9,200 million mark towards the end of the period.
- Sales and Other Operating Revenue
- Sales revenue experienced initial volatility, with a dip in the second quarter of 2020, correlating with the global economic downturn observed during that time. From the third quarter of 2020 onwards, there was a steady upward trajectory, peaking significantly at $111,265 million in the second quarter of 2022. Following this peak, sales fluctuated but generally maintained elevated levels above $80,000 million towards the end of the timeline, indicating sustained operational activity and market demand.
- Net Profit Margin
- The net profit margin reflected negative values during 2020, notably reaching -12.57% in the third quarter and worsening in the fourth quarter to -10.55%, corresponding with the net loss data. Starting from March 2021, margins turned positive and exhibited an increasing pattern, reaching double-digit percentages from the third quarter of 2021 onward. The highest net profit margin recorded was 14.87% in the first quarter of 2023, followed by minor oscillations but generally stabilizing around the 9.7% to 13.4% range in later periods. This progression suggests improving profitability and operational efficiency post-crisis.
Overall, the data depicts a strong recovery trajectory following a challenging 2020, with sales and profitability metrics demonstrating resilience and growth through 2021 into 2022, followed by a phase of relative stabilization at high performance levels through 2024 and into early 2025.
Return on Equity (ROE)
Exxon Mobil Corp., ROE calculation (quarterly data)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Net income (loss) attributable to ExxonMobil | 7,713) | 7,610) | 8,610) | 9,240) | 8,220) | 7,630) | 9,070) | 7,880) | 11,430) | 9,750) | 19,660) | 17,850) | 5,480) | 8,870) | 6,750) | 4,690) | 2,730) | (20,070) | (680) | (1,080) | (610) | |||||||
| Total ExxonMobil share of equity | 262,720) | 263,705) | 268,592) | 268,405) | 205,250) | 204,802) | 199,703) | 199,046) | 198,685) | 195,049) | 186,100) | 177,316) | 169,215) | 168,577) | 160,589) | 158,571) | 156,974) | 157,150) | 177,400) | 180,183) | 182,079) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| ROE1 | 12.63% | 12.77% | 12.55% | 12.73% | 15.98% | 17.58% | 19.09% | 24.48% | 29.54% | 27.04% | 27.87% | 21.97% | 15.24% | 13.67% | -3.67% | -8.41% | -12.17% | -14.28% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| ROE, Competitors2 | ||||||||||||||||||||||||||||
| Chevron Corp. | 10.49% | 11.59% | 10.68% | 11.76% | 12.64% | 13.28% | 15.41% | 19.05% | 22.44% | 22.27% | 21.53% | 18.92% | 14.02% | 11.24% | 7.29% | 2.69% | -5.89% | -4.21% | — | — | — | |||||||
| ConocoPhillips | 14.63% | 14.27% | 19.94% | 21.48% | 21.47% | 22.23% | 23.46% | 27.20% | 33.15% | 38.91% | 36.79% | 31.69% | 26.12% | 17.79% | 10.61% | 4.18% | 0.05% | -9.05% | — | — | — | |||||||
| Occidental Petroleum Corp. | 8.94% | 8.95% | 12.63% | 14.42% | 14.02% | 15.52% | 18.51% | 23.35% | 32.79% | 44.22% | 44.97% | 39.51% | 29.49% | 11.42% | -1.73% | -25.93% | -70.84% | -79.85% | — | — | — | |||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Q1 2025 Calculation
ROE = 100
× (Net income (loss) attributable to ExxonMobilQ1 2025
+ Net income (loss) attributable to ExxonMobilQ4 2024
+ Net income (loss) attributable to ExxonMobilQ3 2024
+ Net income (loss) attributable to ExxonMobilQ2 2024)
÷ Total ExxonMobil share of equity
= 100 × (7,713 + 7,610 + 8,610 + 9,240)
÷ 262,720 = 12.63%
2 Click competitor name to see calculations.
- Net income (loss) attributable to ExxonMobil
- The net income demonstrated significant volatility over the examined periods. In 2020, the company experienced substantial losses culminating in a particularly sharp loss of -20,070 million US dollars in December 2020. This negative profitability reversed starting from the first quarter of 2021, with a steady recovery evident as net income turned positive at 2,730 million US dollars and continued to rise, reaching peaks such as 19,660 million US dollars in September 2022. Subsequently, net income exhibited a downward adjustment phase, declining to levels around 7,630 to 9,070 million US dollars by the end of 2023. The first quarters of 2024 and 2025 reflected somewhat stable income figures around 7,610 to 8,220 million US dollars, suggesting a normalization but at a lower level compared to the peak observed in late 2022.
- Total ExxonMobil share of equity
- The equity attributable to ExxonMobil showed a declining trend throughout 2020, decreasing from 182,079 million US dollars in March to 157,150 million in December. From early 2021, equity began to recover gradually, increasing each quarter and reaching 199,703 million US dollars by December 2023. In 2024, equity experienced further growth reaching over 268,000 million US dollars by September 2024. Towards the end of the examined period, a minor decline occurred, with equity settling around 262,720 million US dollars by March 2025. This pattern indicates a phase of recovery followed by significant capital build-up and then slight consolidation.
- Return on Equity (ROE)
- ROE data was unavailable until the fourth quarter of 2020, where return was negative at -14.28%, improving slightly to -3.67% by December 2020. From Q1 2021 onwards, ROE turned positive and showed a robust upward trend, rising from 13.67% to a peak of 29.54% in June 2023. This marked improvement reflects strong profitability improvement relative to equity. After mid-2023, ROE exhibited a gradual decrease to 12.63% by March 2025, indicating a stabilization at a still solid but lower profitability level.
- Overall trends and insights
- The data reflects a sharp downturn in financial performance in 2020 coinciding with net losses and declining equity. Subsequently, recovery phases beginning in 2021 demonstrated improving profitability and increasing equity levels. Peak profitability occurred in late 2022 and mid-2023, as shown by record net income and ROE figures. The latter half of the dataset reveals a moderation in earnings and return on equity, alongside sustained elevated equity levels, suggesting a mature phase of steady returns and equity strength. The interplay between increasing equity and fluctuating ROE indicates efforts to balance growth with profitability sustainability.
Return on Assets (ROA)
Exxon Mobil Corp., ROA calculation (quarterly data)
| Mar 31, 2025 | Dec 31, 2024 | Sep 30, 2024 | Jun 30, 2024 | Mar 31, 2024 | Dec 31, 2023 | Sep 30, 2023 | Jun 30, 2023 | Mar 31, 2023 | Dec 31, 2022 | Sep 30, 2022 | Jun 30, 2022 | Mar 31, 2022 | Dec 31, 2021 | Sep 30, 2021 | Jun 30, 2021 | Mar 31, 2021 | Dec 31, 2020 | Sep 30, 2020 | Jun 30, 2020 | Mar 31, 2020 | ||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | ||||||||||||||||||||||||||||
| Net income (loss) attributable to ExxonMobil | 7,713) | 7,610) | 8,610) | 9,240) | 8,220) | 7,630) | 9,070) | 7,880) | 11,430) | 9,750) | 19,660) | 17,850) | 5,480) | 8,870) | 6,750) | 4,690) | 2,730) | (20,070) | (680) | (1,080) | (610) | |||||||
| Total assets | 451,908) | 453,475) | 461,916) | 460,707) | 377,918) | 376,317) | 372,259) | 363,248) | 369,371) | 369,067) | 370,152) | 367,774) | 354,771) | 338,923) | 336,688) | 337,289) | 333,770) | 332,750) | 358,043) | 361,495) | 355,804) | |||||||
| Profitability Ratio | ||||||||||||||||||||||||||||
| ROA1 | 7.34% | 7.43% | 7.30% | 7.41% | 8.68% | 9.57% | 10.24% | 13.41% | 15.89% | 14.29% | 14.01% | 10.59% | 7.27% | 6.80% | -1.75% | -3.95% | -5.72% | -6.74% | — | — | — | |||||||
| Benchmarks | ||||||||||||||||||||||||||||
| ROA, Competitors2 | ||||||||||||||||||||||||||||
| Chevron Corp. | 6.11% | 6.87% | 6.43% | 7.18% | 7.76% | 8.17% | 9.65% | 11.98% | 13.98% | 13.76% | 13.15% | 11.26% | 8.23% | 6.52% | 4.13% | 1.48% | -3.21% | -2.31% | — | — | — | |||||||
| ConocoPhillips | 7.68% | 7.53% | 10.29% | 11.13% | 11.10% | 11.42% | 11.96% | 14.43% | 17.32% | 19.91% | 19.04% | 16.98% | 13.78% | 8.91% | 5.36% | 2.17% | 0.02% | -4.31% | — | — | — | |||||||
| Occidental Petroleum Corp. | 3.65% | 3.58% | 5.11% | 6.07% | 5.82% | 6.35% | 7.55% | 9.55% | 13.53% | 18.32% | 17.90% | 14.82% | 9.89% | 3.09% | -0.43% | -5.92% | -16.34% | -18.52% | — | — | — | |||||||
Based on: 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).
1 Q1 2025 Calculation
ROA = 100
× (Net income (loss) attributable to ExxonMobilQ1 2025
+ Net income (loss) attributable to ExxonMobilQ4 2024
+ Net income (loss) attributable to ExxonMobilQ3 2024
+ Net income (loss) attributable to ExxonMobilQ2 2024)
÷ Total assets
= 100 × (7,713 + 7,610 + 8,610 + 9,240)
÷ 451,908 = 7.34%
2 Click competitor name to see calculations.
- Net Income Trend
- The net income exhibited significant volatility throughout the periods analyzed. Starting with negative values in early 2020, the company experienced substantial losses, reaching a peak loss of -20,070 million US dollars in the fourth quarter of 2020. From the first quarter of 2021 onwards, net income turned positive and showed considerable growth, peaking at 19,660 million US dollars in the third quarter of 2022. Subsequent quarters showed fluctuations but generally maintained a positive trend, with figures stabilizing between approximately 7,600 and 11,400 million US dollars towards the end of 2023 and early 2024. The last periods tend to indicate a slight decline in net income, ending at 7,713 million US dollars in the first quarter of 2025.
- Total Assets Trend
- Total assets remained relatively stable with mild fluctuations from the first quarter of 2020 to the first quarter of 2024, ranging between approximately 332,750 million and 377,918 million US dollars. A notable increase occurred starting in the second quarter of 2024, where assets rose sharply, reaching values above 460,000 million US dollars for two consecutive quarters before slightly declining but still remaining above 450,000 million by the first quarter of 2025. This suggests significant asset growth or acquisition activity in mid-2024.
- Return on Assets (ROA) Trend
- ROA data, available from the fourth quarter of 2020 onward, reveals a marked improvement over time. Initially negative (with values such as -6.74% and -5.72%), ROA turned positive by the first quarter of 2021 and showed a strong upward trajectory, reaching double-digit values from the second quarter of 2022 with a peak of 15.89%. From then on, ROA gradually declined but remained solidly positive, staying above 7% in the most recent quarters through the first quarter of 2025. This indicates improved operational efficiency and profitability relative to the asset base over the observed period.
- Overall Analysis
- The data demonstrate a recovery and growth trajectory following significant losses in 2020. Net income rebound and sustained profitability contributed positively to asset returns, as shown by the rising ROA. Asset values suggest strategic growth or investment activity, especially notable in mid-2024. Despite some recent declines in net income and ROA, the overall trend points to stabilized profitability and enhanced asset utilization.