Total Asset Turnover
since 2005
Calculation
ExxonMobil Holdings Corp., total asset turnover, long-term trends, calculation
| Total asset turnover | = | Sales and other operating revenue1 | ÷ | Total assets1 | |
|---|---|---|---|---|---|
| Dec 31, 2025 | 0.72 | = | 323,905) | ÷ | 448,980) |
| Dec 31, 2024 | 0.75 | = | 339,247) | ÷ | 453,475) |
| Dec 31, 2023 | 0.89 | = | 334,697) | ÷ | 376,317) |
| Dec 31, 2022 | 1.08 | = | 398,675) | ÷ | 369,067) |
| Dec 31, 2021 | 0.82 | = | 276,692) | ÷ | 338,923) |
| Dec 31, 2020 | 0.54 | = | 178,574) | ÷ | 332,750) |
| Dec 31, 2019 | 0.70 | = | 255,583) | ÷ | 362,597) |
| Dec 31, 2018 | 0.81 | = | 279,332) | ÷ | 346,196) |
| Dec 31, 2017 | 0.68 | = | 237,162) | ÷ | 348,691) |
| Dec 31, 2016 | 0.66 | = | 218,608) | ÷ | 330,314) |
| Dec 31, 2015 | 0.77 | = | 259,488) | ÷ | 336,758) |
| Dec 31, 2014 | 1.13 | = | 394,105) | ÷ | 349,493) |
| Dec 31, 2013 | 1.21 | = | 420,836) | ÷ | 346,808) |
| Dec 31, 2012 | 1.36 | = | 453,123) | ÷ | 333,795) |
| Dec 31, 2011 | 1.41 | = | 467,029) | ÷ | 331,052) |
| Dec 31, 2010 | 1.22 | = | 370,125) | ÷ | 302,510) |
| Dec 31, 2009 | 1.29 | = | 301,500) | ÷ | 233,323) |
| Dec 31, 2008 | 2.02 | = | 459,579) | ÷ | 228,052) |
| Dec 31, 2007 | 1.61 | = | 390,328) | ÷ | 242,082) |
| Dec 31, 2006 | 1.67 | = | 365,467) | ÷ | 219,015) |
| Dec 31, 2005 | 1.72 | = | 358,955) | ÷ | 208,335) |
Based on: 10-K (reporting date: 2025-12-31), 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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
An examination of total asset turnover from 2005 through 2025 reveals a long-term decline in asset utilization efficiency, characterized by distinct cycles of contraction and intermittent recovery.
- Asset Efficiency Trends
- Total asset turnover reached a peak of 2.02 in 2008, reflecting a period of high revenue generation relative to the asset base. Following this peak, a sustained downward trend occurred, with the ratio falling below 1.00 by 2015. The lowest point of efficiency was recorded in 2020, when the turnover ratio dropped to 0.54.
- Revenue and Asset Correlation
- The volatility in the turnover ratio is closely linked to fluctuations in sales and other operating revenue. Revenue peaked in 2011 at approximately 467 billion USD but experienced a sharp contraction in 2020 to 178 billion USD. Simultaneously, total assets have exhibited a consistent long-term growth trajectory, increasing from 208 billion USD in 2005 to 448 billion USD by 2025. The divergence between a steadily expanding asset base and fluctuating revenue streams has resulted in a general compression of the asset turnover ratio over the two-decade period.
- Recent Performance and Recovery
- A temporary recovery in efficiency was observed between 2021 and 2022, with the turnover ratio rising to 1.08. This improvement was driven by a significant increase in revenue to 398 billion USD. However, this recovery was not sustained; the ratio declined to 0.72 by 2025, as assets continued to grow to 448 billion USD while revenues moderated to 323 billion USD.
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Comparison to Competitors
ExxonMobil Holdings Corp., total asset turnover, long-term trends, comparison to competitors
| ExxonMobil Holdings Corp. | Chevron Corp. | ConocoPhillips | |
|---|---|---|---|
| Dec 31, 2025 | 0.72 | 0.57 | 0.48 |
| Dec 31, 2024 | 0.75 | 0.75 | 0.45 |
| Dec 31, 2023 | 0.89 | 0.75 | 0.59 |
| Dec 31, 2022 | 1.08 | 0.91 | 0.84 |
| Dec 31, 2021 | 0.82 | 0.65 | 0.51 |
| Dec 31, 2020 | 0.54 | 0.39 | 0.30 |
| Dec 31, 2019 | 0.70 | 0.59 | 0.46 |
| Dec 31, 2018 | 0.81 | 0.63 | 0.52 |
| Dec 31, 2017 | 0.68 | 0.53 | 0.40 |
| Dec 31, 2016 | 0.66 | 0.42 | 0.26 |
| Dec 31, 2015 | 0.77 | 0.49 | 0.30 |
| Dec 31, 2014 | 1.13 | 0.75 | 0.45 |
| Dec 31, 2013 | 1.21 | 0.87 | 0.46 |
| Dec 31, 2012 | 1.36 | 0.99 | 0.49 |
| Dec 31, 2011 | 1.41 | 1.17 | 1.60 |
| Dec 31, 2010 | 1.22 | 1.07 | 1.21 |
| Dec 31, 2009 | 1.29 | 1.02 | 0.98 |
| Dec 31, 2008 | 2.02 | 1.64 | 1.69 |
| Dec 31, 2007 | 1.61 | 1.44 | 1.05 |
| Dec 31, 2006 | 1.67 | 1.54 | 1.11 |
| Dec 31, 2005 | 1.72 | 1.54 | 1.68 |
Based on: 10-K (reporting date: 2025-12-31), 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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Oil, Gas & Consumable Fuels)
ExxonMobil Holdings Corp., total asset turnover, long-term trends, comparison to sector (oil, gas & consumable fuels)
| ExxonMobil Holdings Corp. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2025 | 0.72 | 0.63 |
| Dec 31, 2024 | 0.75 | 0.71 |
| Dec 31, 2023 | 0.89 | 0.80 |
| Dec 31, 2022 | 1.08 | 0.99 |
| Dec 31, 2021 | 0.82 | 0.71 |
| Dec 31, 2020 | 0.54 | 0.46 |
| Dec 31, 2019 | 0.70 | 0.64 |
| Dec 31, 2018 | 0.81 | 0.71 |
| Dec 31, 2017 | 0.68 | 0.59 |
| Dec 31, 2016 | 0.66 | 0.52 |
| Dec 31, 2015 | 0.77 | 0.60 |
| Dec 31, 2014 | 1.13 | 0.88 |
| Dec 31, 2013 | 1.21 | 0.97 |
| Dec 31, 2012 | 1.36 | 1.08 |
| Dec 31, 2011 | 1.41 | 1.38 |
| Dec 31, 2010 | 1.22 | 1.18 |
| Dec 31, 2009 | 1.29 | 1.12 |
| Dec 31, 2008 | 2.02 | 1.81 |
| Dec 31, 2007 | 1.61 | 1.39 |
| Dec 31, 2006 | 1.67 | 1.46 |
| Dec 31, 2005 | 1.72 | 1.66 |
Based on: 10-K (reporting date: 2025-12-31), 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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Energy)
ExxonMobil Holdings Corp., total asset turnover, long-term trends, comparison to industry (energy)
| ExxonMobil Holdings Corp. | Energy | |
|---|---|---|
| Dec 31, 2025 | 0.72 | 0.63 |
| Dec 31, 2024 | 0.75 | 0.71 |
| Dec 31, 2023 | 0.89 | 0.79 |
| Dec 31, 2022 | 1.08 | 0.97 |
| Dec 31, 2021 | 0.82 | 0.71 |
| Dec 31, 2020 | 0.54 | 0.47 |
| Dec 31, 2019 | 0.70 | 0.63 |
| Dec 31, 2018 | 0.81 | 0.69 |
| Dec 31, 2017 | 0.68 | 0.58 |
| Dec 31, 2016 | 0.66 | 0.50 |
| Dec 31, 2015 | 0.77 | 0.59 |
| Dec 31, 2014 | 1.13 | 0.87 |
| Dec 31, 2013 | 1.21 | 0.94 |
| Dec 31, 2012 | 1.36 | 1.05 |
| Dec 31, 2011 | 1.41 | 1.33 |
| Dec 31, 2010 | 1.22 | 1.13 |
| Dec 31, 2009 | 1.29 | 1.10 |
| Dec 31, 2008 | 2.02 | 1.76 |
| Dec 31, 2007 | 1.61 | 1.37 |
| Dec 31, 2006 | 1.67 | 1.43 |
| Dec 31, 2005 | 1.72 | 1.63 |
Based on: 10-K (reporting date: 2025-12-31), 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), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).