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: 2025-06-30), 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 experienced significant improvement over the observed periods. Initially, it was negative and declining sharply, reaching a low of -14.85% in March 2020 and gradually increasing to -2.07% by December 2020. From March 2021 onwards, it turned positive and demonstrated a steady upward trend, peaking at 21.37% in June 2023. Following this peak, there was a mild decline, stabilizing around the mid-teens to low teens percentages toward the end of the dataset (14.05% in June 2025).
- Net Profit Margin
- The net profit margin followed a similar pattern to the operating profit margin but with slightly lower values throughout. Starting from a negative margin of -12.57% in March 2020, there was an improvement to nearly breakeven by the end of 2020. The margin turned positive in 2021 and increased steadily until reaching a high of 14.87% in June 2023. Subsequently, it exhibited a gradual decline, settling just below 10% by mid-2025. This trend suggests consistent growth and profitability recovery, albeit with some softening in the most recent quarters.
- Return on Equity (ROE)
- ROE showed notable volatility early on, with values deeply negative from March to December 2020, hitting a low of -14.28%. From March 2021 forward, the trend reversed sharply, resulting in robust increases through 2023. The peak was recorded in December 2022 at 29.54%, after which ROE gradually declined but remained comfortably positive and above 10% by mid-2025. This indicates a strong recovery in shareholder returns, maintaining a healthy level despite the slight downtrend in the later periods.
- Return on Assets (ROA)
- ROA trended similarly to ROE, beginning with negative values in 2020, the lowest being -6.74% in March 2020, and progressively improving throughout the period. It crossed into positive territory in early 2021 and peaked at 15.89% in June 2023. After this peak, ROA experienced a moderate downward trend, ending at around 6.93% by June 2025. Despite this decline, the overall trend demonstrates a recovery in asset efficiency and profitability, albeit with slightly diminishing returns towards the end.
Return on Sales
Return on Investment
Operating Profit Margin
Exxon Mobil Corp., operating profit margin calculation (quarterly data)
| Jun 30, 2025 | 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) | 10,940) | 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 | 79,477) | 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 | 14.05% | 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. | 12.42% | 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 | 25.41% | 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% | — | — | — | |||||||
Based on: 10-Q (reporting date: 2025-06-30), 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 Q2 2025 Calculation
Operating profit margin = 100
× (Operating income (loss)Q2 2025
+ Operating income (loss)Q1 2025
+ Operating income (loss)Q4 2024
+ Operating income (loss)Q3 2024)
÷ (Sales and other operating revenueQ2 2025
+ Sales and other operating revenueQ1 2025
+ Sales and other operating revenueQ4 2024
+ Sales and other operating revenueQ3 2024)
= 100 × (10,940 + 11,918 + 10,141 + 13,266)
÷ (79,477 + 81,058 + 81,058 + 87,792)
= 14.05%
2 Click competitor name to see calculations.
- Operating Income (Loss)
- The operating income shows significant volatility in 2020, with a notable loss in the second quarter (-$1,052 million) and an extreme operating loss in the fourth quarter (-$25,907 million). Starting in 2021, the operating income turns positive and generally follows an upward trend during the year, peaking in the fourth quarter of 2021 at $12,050 million. The income continues to increase into 2022, reaching a peak of $25,785 million in the third quarter. However, a decline begins after that peak, with fluctuations but an overall downward trend apparent through 2023 and into 2024. By the end of the available data in mid-2025, the operating income has decreased to $10,940 million, reflecting a substantial drop from the 2022 highs but remaining positive throughout.
- Sales and Other Operating Revenue
- Sales and operating revenue were considerably lower in 2020 compared to subsequent years, dropping to a low point in the second quarter of 2020 at $32,277 million, likely reflecting challenging economic conditions. Revenue increased steadily from the first quarter of 2021, reaching a high in the second quarter of 2022 at $111,265 million. After this peak, revenue shows a declining trend with fluctuations but maintains relatively high levels compared to 2020. By mid-2025, revenue is approximately $79,477 million, indicating a contraction from the peak but still significantly above the lows of 2020.
- Operating Profit Margin
- The operating profit margin was negative during the latter parts of 2020, with margins of -14.85% and -12.46% recorded in the third and fourth quarters, respectively, illustrating the challenging profitability environment. Margins turned positive at the start of 2021 and improved steadily throughout that year, surpassing 19% in late 2021 and peaking near 21.37% in early 2023. From 2023 onwards, margins gradually declined but remained within a range of approximately 14% to 19%, still representing relatively strong profitability compared to the negative margins experienced in 2020.
- Overall Trends and Insights
- A pronounced recovery and growth phase is observable starting in early 2021 after a difficult 2020 marked by considerable losses and depressed revenue. Both operating income and revenue surged through 2021 and peaked around mid-2022. Following these peaks, there is a visible trend of declining revenue and income through 2023 and into 2024-2025, although profitability margins remain positive and stable in the mid-teens percentage range. This pattern suggests a normalization phase after recovery, with the company managing to sustain profitability despite lower revenue and income relative to peak levels. The data implies improved operational efficiency and cost control during 2021 and beyond, as reflected by the significantly improved profit margins compared to the steep losses of 2020.
Net Profit Margin
Exxon Mobil Corp., net profit margin calculation (quarterly data)
| Jun 30, 2025 | 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 | 7,082) | 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 | 79,477) | 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 | 9.42% | 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. | 7.31% | 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 | 15.89% | 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% | — | — | — | |||||||
Based on: 10-Q (reporting date: 2025-06-30), 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 Q2 2025 Calculation
Net profit margin = 100
× (Net income (loss) attributable to ExxonMobilQ2 2025
+ Net income (loss) attributable to ExxonMobilQ1 2025
+ Net income (loss) attributable to ExxonMobilQ4 2024
+ Net income (loss) attributable to ExxonMobilQ3 2024)
÷ (Sales and other operating revenueQ2 2025
+ Sales and other operating revenueQ1 2025
+ Sales and other operating revenueQ4 2024
+ Sales and other operating revenueQ3 2024)
= 100 × (7,082 + 7,713 + 7,610 + 8,610)
÷ (79,477 + 81,058 + 81,058 + 87,792)
= 9.42%
2 Click competitor name to see calculations.
- Net Income (loss) Highlights
- The net income exhibited significant volatility throughout the reviewed periods. Initially, there were considerable losses reaching their peak at approximately -20,070 million US dollars by December 31, 2020. Following this period, the company experienced a robust recovery with net income turning positive from March 31, 2021 onward. Net income progressively increased, peaking near 19,660 million US dollars in September 2022, before showing some fluctuations but remaining positive in the subsequent quarters. The last reported periods showed a stabilized net income between roughly 7,000 to 9,200 million US dollars.
- Sales and Operating Revenue Trends
- Sales and other operating revenue displayed a generally upward trend over the entire period. Revenue began at 55,134 million US dollars in the first quarter of 2020, dipped considerably in the mid-2020 quarters likely due to challenging market conditions, before resuming growth in early 2021. The highest recorded revenue levels occurred between June 2022 and September 2022, reaching over 111,000 million US dollars. Post this peak, a mild decline is observed up to the latest quarters, stabilizing around 79,000 to 81,000 million US dollars.
- Net Profit Margin Analysis
- Net profit margin percentages were not available in earlier quarters but were negative in late 2020, reflecting operational challenges with margins between approximately -12.57% and -2.45%. From March 31, 2021 onwards, net profit margins improved steadily to reach double-digit positive percentages, peaking at 14.87% in June 2023. Following this peak, margins declined slightly but generally remained in the 9.4% to 13.4% range, indicating healthy profitability relative to sales.
- Overall Observations
- The financial data reveals a period of initial severe losses and revenue contractions in 2020, followed by a substantial recovery phase starting in 2021. Both net income and sales achieved significant growth, with net profit margins turning positive and stabilizing at healthy levels. The revenue peaks in mid-2022 suggest a strong market performance, though slight declines toward the end of the series indicate possible market or operational headwinds. The net income trend mirrors the revenue pattern but with more pronounced fluctuations, suggesting the impact of external factors on profitability beyond sales revenue changes.
Return on Equity (ROE)
Exxon Mobil Corp., ROE calculation (quarterly data)
| Jun 30, 2025 | 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 | 7,082) | 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 | 262,593) | 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 | 11.81% | 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. | 9.37% | 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 | 14.01% | 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% | — | — | — | |||||||
Based on: 10-Q (reporting date: 2025-06-30), 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 Q2 2025 Calculation
ROE = 100
× (Net income (loss) attributable to ExxonMobilQ2 2025
+ Net income (loss) attributable to ExxonMobilQ1 2025
+ Net income (loss) attributable to ExxonMobilQ4 2024
+ Net income (loss) attributable to ExxonMobilQ3 2024)
÷ Total ExxonMobil share of equity
= 100 × (7,082 + 7,713 + 7,610 + 8,610)
÷ 262,593 = 11.81%
2 Click competitor name to see calculations.
The analysis of the quarterly financial data reveals distinct trends regarding profitability, equity, and return on equity (ROE) over the observed periods.
- Net Income (Loss) Attributable to ExxonMobil
- Net income demonstrated significant volatility during the initial period, with considerable losses recorded in early 2020, including a profound loss of -20,070 million US dollars in December 2020. Following this trough, the company exhibited a robust recovery and consistent profitability starting in the first quarter of 2021. From 2021 through 2025, net income generally increased, peaking at 19,660 million US dollars in September 2022. Subsequent quarters showed fluctuations but remained positive, with values mostly ranging between 7,000 and 11,000 million US dollars toward the end of the period. The upward trend following the sharp losses in 2020 suggests a recovery in operational performance and market conditions.
- Total ExxonMobil Share of Equity
- The total share of equity displayed a declining trend from March 2020 to December 2020, falling from 182,079 million US dollars to 157,150 million US dollars, which aligns with the period of negative net income. Starting in 2021, equity steadily increased, reflecting accumulated profits and retained earnings. This positive trajectory continued with minor fluctuations through 2025, reaching a notable increase by 268,592 million US dollars in June 2024. This upward movement signifies strengthening of the company's financial base.
- Return on Equity (ROE)
- ROE figures are only available from December 2020 onward and initially reflect negative returns, coinciding with the net loss periods. Beginning in 2021, ROE turned positive and demonstrated a strong upward trend, climbing from 13.67% in March 2021 to a peak of nearly 30% in December 2022. After this peak, a gradual decline is observed, with ROE values decreasing to approximately 11.8% by June 2025. Despite the moderation in later years, the positive ROE throughout the majority of the period indicates efficient utilization of equity to generate income post-recovery.
In summary, the company experienced a severe earnings decline in 2020, followed by a significant recovery reflected in improved net income and equity position beginning in 2021. The ROE pattern supports this narrative, showing a transition from negative to robust positive returns, although with some moderation toward the end of the forecast period. This overall trend indicates restored profitability and strengthened capital structure after a period of financial distress.
Return on Assets (ROA)
Exxon Mobil Corp., ROA calculation (quarterly data)
| Jun 30, 2025 | 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 | 7,082) | 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 | 447,597) | 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 | 6.93% | 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. | 5.47% | 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 | 7.49% | 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% | — | — | — | |||||||
Based on: 10-Q (reporting date: 2025-06-30), 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 Q2 2025 Calculation
ROA = 100
× (Net income (loss) attributable to ExxonMobilQ2 2025
+ Net income (loss) attributable to ExxonMobilQ1 2025
+ Net income (loss) attributable to ExxonMobilQ4 2024
+ Net income (loss) attributable to ExxonMobilQ3 2024)
÷ Total assets
= 100 × (7,082 + 7,713 + 7,610 + 8,610)
÷ 447,597 = 6.93%
2 Click competitor name to see calculations.
The financial data reveals significant fluctuations and trends in net income, total assets, and return on assets (ROA) over the analyzed periods.
- Net Income (Loss) Attributable to ExxonMobil
-
During the early quarters of 2020, the company faced considerable net losses, with the largest loss recorded in December 2020 at -20,070 million US dollars. Starting from March 2021, the company returned to profitability, reporting consistent net income. The profits generally increased through 2022, peaking at 19,660 million US dollars in September 2022, followed by a notable decline in December 2022 to 9,750 million US dollars.
In 2023, net income figures stabilized somewhat, fluctuating within a narrower range between approximately 7,630 and 11,430 million US dollars. The trend continued into the first half of 2024, maintaining positive net income above 7,000 million US dollars but showing a slight downward inclination towards the latter quarters. The overall pattern reflects a recovery phase post-2020 losses, achieving improved profitability before encountering some variability in the most recent quarters.
- Total Assets
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Total assets exhibited moderate variation over the period. There was a decline in total assets from 355,804 million US dollars in March 2020 to around 332,750 million US dollars in December 2020, indicating possible asset reductions during the period of losses. Following this, the total assets recovered and generally trended upward, reaching 376,317 million US dollars by June 2024, before experiencing a marked increase to 460,707 million US dollars in September 2024, which maintains approximately the same level through June 2025.
This notable rise in total assets in late 2024 may reflect significant investments, acquisitions, or revaluation effects. The asset base expansion could contribute to future earnings potential or represent strategic shifts within the company's operations and balance sheet management.
- Return on Assets (ROA)
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ROA figures first appeared from September 2020, indicating negative performance during late 2020 and early 2021, with the lowest ROA at -6.74% and -5.72% in the fall quarters of 2020. From March 2021 onward, ROA turned positive and displayed a strong upward trajectory, peaking at 15.89% in June 2023.
After June 2023, ROA started a gradual decline but remained at relatively high levels between 6.93% and 13.41%, indicating effective asset utilization to generate profits despite some moderation. The positive and relatively high ROA during the later periods supports the recovery in net income and suggests improved operational efficiency or profitability relative to the company’s asset base.
In summary, the data documents a recovery from significant losses in 2020 to a period of profitability and asset growth through 2021 to mid-2024. Despite some fluctuations in net income and a slight decline in ROA from peak levels, the company maintained positive financial performance and expanded its asset base considerably by late 2024. Future analysis should monitor asset utilization and income sustainability to assess ongoing operational efficiency.