Analysis of Reportable Segments
Exxon Mobil Corp. operates in 4 segments: Upstream; Energy Products; Chemical Products; and Specialty Products.
Segment Profit Margin
Exxon Mobil Corp., profit margin by reportable segment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Upstream | 68.38% | 83.32% | 80.77% | 72.37% | -137.67% |
| Energy Products | 1.55% | 4.52% | 4.89% | -0.17% | -1.93% |
| Chemical Products | 11.26% | 7.35% | 12.83% | 24.41% | 12.80% |
| Specialty Products | 16.72% | 14.74% | 12.15% | 18.80% | 9.25% |
Based on: 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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Upstream | Upstream segment profit margin ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
| Energy Products | Energy Products segment profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. | |
| Chemical Products | Chemical Products segment profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level. | |
| Specialty Products | Specialty Products segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Profit Margin: Upstream
Exxon Mobil Corp.; Upstream; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment net income (loss) | 25,390) | 21,308) | 36,479) | 15,775) | (20,030) |
| Sales and other operating revenue | 37,131) | 25,574) | 45,164) | 21,797) | 14,549) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 68.38% | 83.32% | 80.77% | 72.37% | -137.67% |
Based on: 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).
1 2024 Calculation
Segment profit margin = 100 × Segment net income (loss) ÷ Sales and other operating revenue
= 100 × 25,390 ÷ 37,131 = 68.38%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Upstream | Upstream segment profit margin ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024. |
Segment Profit Margin: Energy Products
Exxon Mobil Corp.; Energy Products; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment net income (loss) | 4,033) | 12,142) | 14,966) | (346) | (2,572) |
| Sales and other operating revenue | 260,856) | 268,383) | 305,977) | 208,906) | 133,367) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 1.55% | 4.52% | 4.89% | -0.17% | -1.93% |
Based on: 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).
1 2024 Calculation
Segment profit margin = 100 × Segment net income (loss) ÷ Sales and other operating revenue
= 100 × 4,033 ÷ 260,856 = 1.55%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Energy Products | Energy Products segment profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Profit Margin: Chemical Products
Exxon Mobil Corp.; Chemical Products; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment net income (loss) | 2,577) | 1,637) | 3,543) | 6,989) | 2,257) |
| Sales and other operating revenue | 22,896) | 22,265) | 27,619) | 28,628) | 17,634) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 11.26% | 7.35% | 12.83% | 24.41% | 12.80% |
Based on: 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).
1 2024 Calculation
Segment profit margin = 100 × Segment net income (loss) ÷ Sales and other operating revenue
= 100 × 2,577 ÷ 22,896 = 11.26%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Chemical Products | Chemical Products segment profit margin ratio deteriorated from 2022 to 2023 but then improved from 2023 to 2024 not reaching 2022 level. |
Segment Profit Margin: Specialty Products
Exxon Mobil Corp.; Specialty Products; segment profit margin calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment net income (loss) | 3,052) | 2,714) | 2,415) | 3,259) | 1,201) |
| Sales and other operating revenue | 18,253) | 18,407) | 19,879) | 17,331) | 12,986) |
| Segment Profitability Ratio | |||||
| Segment profit margin1 | 16.72% | 14.74% | 12.15% | 18.80% | 9.25% |
Based on: 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).
1 2024 Calculation
Segment profit margin = 100 × Segment net income (loss) ÷ Sales and other operating revenue
= 100 × 3,052 ÷ 18,253 = 16.72%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment profit margin | Specialty Products | Specialty Products segment profit margin ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Return on Assets (Segment ROA)
Exxon Mobil Corp., ROA by reportable segment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Upstream | 8.77% | 10.33% | 17.67% | 7.54% | -9.27% |
| Energy Products | 5.34% | 16.31% | 20.34% | -0.54% | -4.53% |
| Chemical Products | 7.33% | 4.72% | 10.67% | 22.36% | 7.73% |
| Specialty Products | 27.94% | 24.67% | 21.65% | 29.88% | 11.20% |
Based on: 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).
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Upstream | Upstream segment ROA deteriorated from 2022 to 2023 and from 2023 to 2024. |
| Energy Products | Energy Products segment ROA deteriorated from 2022 to 2023 and from 2023 to 2024. | |
| Chemical Products | Chemical Products segment ROA deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. | |
| Specialty Products | Specialty Products segment ROA improved from 2022 to 2023 and from 2023 to 2024. |
Segment ROA: Upstream
Exxon Mobil Corp.; Upstream; segment ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment net income (loss) | 25,390) | 21,308) | 36,479) | 15,775) | (20,030) |
| Total assets | 289,523) | 206,366) | 206,459) | 209,272) | 216,017) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 8.77% | 10.33% | 17.67% | 7.54% | -9.27% |
Based on: 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).
1 2024 Calculation
Segment ROA = 100 × Segment net income (loss) ÷ Total assets
= 100 × 25,390 ÷ 289,523 = 8.77%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Upstream | Upstream segment ROA deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment ROA: Energy Products
Exxon Mobil Corp.; Energy Products; segment ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment net income (loss) | 4,033) | 12,142) | 14,966) | (346) | (2,572) |
| Total assets | 75,542) | 74,460) | 73,565) | 64,630) | 56,758) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 5.34% | 16.31% | 20.34% | -0.54% | -4.53% |
Based on: 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).
1 2024 Calculation
Segment ROA = 100 × Segment net income (loss) ÷ Total assets
= 100 × 4,033 ÷ 75,542 = 5.34%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Energy Products | Energy Products segment ROA deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment ROA: Chemical Products
Exxon Mobil Corp.; Chemical Products; segment ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment net income (loss) | 2,577) | 1,637) | 3,543) | 6,989) | 2,257) |
| Total assets | 35,137) | 34,675) | 33,217) | 31,250) | 29,182) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 7.33% | 4.72% | 10.67% | 22.36% | 7.73% |
Based on: 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).
1 2024 Calculation
Segment ROA = 100 × Segment net income (loss) ÷ Total assets
= 100 × 2,577 ÷ 35,137 = 7.33%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Chemical Products | Chemical Products segment ROA deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Segment ROA: Specialty Products
Exxon Mobil Corp.; Specialty Products; segment ROA calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Segment net income (loss) | 3,052) | 2,714) | 2,415) | 3,259) | 1,201) |
| Total assets | 10,922) | 10,999) | 11,155) | 10,908) | 10,721) |
| Segment Profitability Ratio | |||||
| Segment ROA1 | 27.94% | 24.67% | 21.65% | 29.88% | 11.20% |
Based on: 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).
1 2024 Calculation
Segment ROA = 100 × Segment net income (loss) ÷ Total assets
= 100 × 3,052 ÷ 10,922 = 27.94%
| Segment profitability ratio | Reportable segment | The company |
|---|---|---|
| Segment ROA | Specialty Products | Specialty Products segment ROA improved from 2022 to 2023 and from 2023 to 2024. |
Segment Asset Turnover
Exxon Mobil Corp., asset turnover by reportable segment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Upstream | 0.13 | 0.12 | 0.22 | 0.10 | 0.07 |
| Energy Products | 3.45 | 3.60 | 4.16 | 3.23 | 2.35 |
| Chemical Products | 0.65 | 0.64 | 0.83 | 0.92 | 0.60 |
| Specialty Products | 1.67 | 1.67 | 1.78 | 1.59 | 1.21 |
Based on: 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).
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Upstream | Upstream segment asset turnover ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
| Energy Products | Energy Products segment asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. | |
| Chemical Products | Chemical Products segment asset turnover ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. | |
| Specialty Products | Specialty Products segment asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Asset Turnover: Upstream
Exxon Mobil Corp.; Upstream; segment asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and other operating revenue | 37,131) | 25,574) | 45,164) | 21,797) | 14,549) |
| Total assets | 289,523) | 206,366) | 206,459) | 209,272) | 216,017) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.13 | 0.12 | 0.22 | 0.10 | 0.07 |
Based on: 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).
1 2024 Calculation
Segment asset turnover = Sales and other operating revenue ÷ Total assets
= 37,131 ÷ 289,523 = 0.13
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Upstream | Upstream segment asset turnover ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Segment Asset Turnover: Energy Products
Exxon Mobil Corp.; Energy Products; segment asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and other operating revenue | 260,856) | 268,383) | 305,977) | 208,906) | 133,367) |
| Total assets | 75,542) | 74,460) | 73,565) | 64,630) | 56,758) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 3.45 | 3.60 | 4.16 | 3.23 | 2.35 |
Based on: 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).
1 2024 Calculation
Segment asset turnover = Sales and other operating revenue ÷ Total assets
= 260,856 ÷ 75,542 = 3.45
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Energy Products | Energy Products segment asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Asset Turnover: Chemical Products
Exxon Mobil Corp.; Chemical Products; segment asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and other operating revenue | 22,896) | 22,265) | 27,619) | 28,628) | 17,634) |
| Total assets | 35,137) | 34,675) | 33,217) | 31,250) | 29,182) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 0.65 | 0.64 | 0.83 | 0.92 | 0.60 |
Based on: 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).
1 2024 Calculation
Segment asset turnover = Sales and other operating revenue ÷ Total assets
= 22,896 ÷ 35,137 = 0.65
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Chemical Products | Chemical Products segment asset turnover ratio deteriorated from 2022 to 2023 but then slightly improved from 2023 to 2024. |
Segment Asset Turnover: Specialty Products
Exxon Mobil Corp.; Specialty Products; segment asset turnover calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and other operating revenue | 18,253) | 18,407) | 19,879) | 17,331) | 12,986) |
| Total assets | 10,922) | 10,999) | 11,155) | 10,908) | 10,721) |
| Segment Activity Ratio | |||||
| Segment asset turnover1 | 1.67 | 1.67 | 1.78 | 1.59 | 1.21 |
Based on: 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).
1 2024 Calculation
Segment asset turnover = Sales and other operating revenue ÷ Total assets
= 18,253 ÷ 10,922 = 1.67
| Segment activity ratio | Reportable segment | The company |
|---|---|---|
| Segment asset turnover | Specialty Products | Specialty Products segment asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Capital Expenditures to Depreciation
Exxon Mobil Corp., capital expenditures to depreciation by reportable segment
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Upstream | 5.28 | 1.12 | 0.63 | 0.51 | 0.25 |
| Energy Products | 1.33 | 1.64 | 1.06 | 1.07 | 1.99 |
| Chemical Products | 1.49 | 1.81 | 2.75 | 1.31 | 1.60 |
| Specialty Products | 1.93 | 1.43 | 0.82 | 0.56 | 0.88 |
Based on: 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).
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Upstream | Upstream segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024. |
| Energy Products | Energy Products segment capital expenditures to depreciation ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level. | |
| Chemical Products | Chemical Products segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 and from 2023 to 2024. | |
| Specialty Products | Specialty Products segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Capital Expenditures to Depreciation: Upstream
Exxon Mobil Corp.; Upstream; segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Additions to property, plant and equipment | 103,020) | 18,589) | 12,381) | 8,616) | 10,144) |
| Depreciation and depletion, includes impairments | 19,524) | 16,600) | 19,804) | 16,749) | 41,350) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 5.28 | 1.12 | 0.63 | 0.51 | 0.25 |
Based on: 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).
1 2024 Calculation
Segment capital expenditures to depreciation = Additions to property, plant and equipment ÷ Depreciation and depletion, includes impairments
= 103,020 ÷ 19,524 = 5.28
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Upstream | Upstream segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024. |
Segment Capital Expenditures to Depreciation: Energy Products
Exxon Mobil Corp.; Energy Products; segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Additions to property, plant and equipment | 2,039) | 2,561) | 2,105) | 1,853) | 4,383) |
| Depreciation and depletion, includes impairments | 1,533) | 1,562) | 1,987) | 1,736) | 2,201) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.33 | 1.64 | 1.06 | 1.07 | 1.99 |
Based on: 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).
1 2024 Calculation
Segment capital expenditures to depreciation = Additions to property, plant and equipment ÷ Depreciation and depletion, includes impairments
= 2,039 ÷ 1,533 = 1.33
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Energy Products | Energy Products segment capital expenditures to depreciation ratio improved from 2022 to 2023 but then slightly deteriorated from 2023 to 2024 not reaching 2022 level. |
Segment Capital Expenditures to Depreciation: Chemical Products
Exxon Mobil Corp.; Chemical Products; segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Additions to property, plant and equipment | 1,635) | 2,375) | 2,718) | 1,250) | 1,704) |
| Depreciation and depletion, includes impairments | 1,096) | 1,311) | 988) | 955) | 1,068) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.49 | 1.81 | 2.75 | 1.31 | 1.60 |
Based on: 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).
1 2024 Calculation
Segment capital expenditures to depreciation = Additions to property, plant and equipment ÷ Depreciation and depletion, includes impairments
= 1,635 ÷ 1,096 = 1.49
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Chemical Products | Chemical Products segment capital expenditures to depreciation ratio deteriorated from 2022 to 2023 and from 2023 to 2024. |
Segment Capital Expenditures to Depreciation: Specialty Products
Exxon Mobil Corp.; Specialty Products; segment capital expenditures to depreciation calculation
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Additions to property, plant and equipment | 457) | 451) | 237) | 164) | 440) |
| Depreciation and depletion, includes impairments | 237) | 315) | 288) | 292) | 498) |
| Segment Financial Ratio | |||||
| Segment capital expenditures to depreciation1 | 1.93 | 1.43 | 0.82 | 0.56 | 0.88 |
Based on: 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).
1 2024 Calculation
Segment capital expenditures to depreciation = Additions to property, plant and equipment ÷ Depreciation and depletion, includes impairments
= 457 ÷ 237 = 1.93
| Segment financial ratio | Reportable segment | The company |
|---|---|---|
| Segment capital expenditures to depreciation | Specialty Products | Specialty Products segment capital expenditures to depreciation ratio improved from 2022 to 2023 and from 2023 to 2024. |
Sales and other operating revenue
Exxon Mobil Corp., sales and other operating revenue by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Upstream | 37,131) | 25,574) | 45,164) | 21,797) | 14,549) |
| Energy Products | 260,856) | 268,383) | 305,977) | 208,906) | 133,367) |
| Chemical Products | 22,896) | 22,265) | 27,619) | 28,628) | 17,634) |
| Specialty Products | 18,253) | 18,407) | 19,879) | 17,331) | 12,986) |
| Segment total | 339,136) | 334,629) | 398,639) | 276,662) | 178,536) |
Based on: 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).
Segment net income (loss)
Exxon Mobil Corp., segment net income (loss) by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Upstream | 25,390) | 21,308) | 36,479) | 15,775) | (20,030) |
| Energy Products | 4,033) | 12,142) | 14,966) | (346) | (2,572) |
| Chemical Products | 2,577) | 1,637) | 3,543) | 6,989) | 2,257) |
| Specialty Products | 3,052) | 2,714) | 2,415) | 3,259) | 1,201) |
| Segment total | 35,052) | 37,801) | 57,403) | 25,677) | (19,144) |
Based on: 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).
Depreciation and depletion, includes impairments
Exxon Mobil Corp., depreciation and depletion, includes impairments by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Upstream | 19,524) | 16,600) | 19,804) | 16,749) | 41,350) |
| Energy Products | 1,533) | 1,562) | 1,987) | 1,736) | 2,201) |
| Chemical Products | 1,096) | 1,311) | 988) | 955) | 1,068) |
| Specialty Products | 237) | 315) | 288) | 292) | 498) |
| Segment total | 22,390) | 19,788) | 23,067) | 19,732) | 45,117) |
Based on: 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).
Additions to property, plant and equipment
Exxon Mobil Corp., additions to property, plant and equipment by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Upstream | 103,020) | 18,589) | 12,381) | 8,616) | 10,144) |
| Energy Products | 2,039) | 2,561) | 2,105) | 1,853) | 4,383) |
| Chemical Products | 1,635) | 2,375) | 2,718) | 1,250) | 1,704) |
| Specialty Products | 457) | 451) | 237) | 164) | 440) |
| Segment total | 107,151) | 23,976) | 17,441) | 11,883) | 16,671) |
Based on: 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).
Total assets
Exxon Mobil Corp., total assets by reportable segment
US$ in millions
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | |
|---|---|---|---|---|---|
| Upstream | 289,523) | 206,366) | 206,459) | 209,272) | 216,017) |
| Energy Products | 75,542) | 74,460) | 73,565) | 64,630) | 56,758) |
| Chemical Products | 35,137) | 34,675) | 33,217) | 31,250) | 29,182) |
| Specialty Products | 10,922) | 10,999) | 11,155) | 10,908) | 10,721) |
| Segment total | 411,124) | 326,500) | 324,396) | 316,060) | 312,678) |
Based on: 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).