Exxon Mobil Corp (XOM)
Gross profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 329,915,000 | 402,359,000 | 273,474,000 | 168,484,000 | 251,556,000 |
| Revenue | US$ in thousands | 344,582,000 | 413,680,000 | 285,640,000 | 181,502,000 | 264,938,000 |
| Gross profit margin | 95.74% | 97.26% | 95.74% | 92.83% | 94.95% |
December 31, 2023 calculation
Gross profit margin = Gross profit ÷ Revenue
= $329,915,000K ÷ $344,582,000K
= 95.74%
Based on the data provided, Exxon Mobil Corp. has consistently maintained a gross profit margin of 100.00% over the past five years. A gross profit margin of 100.00% indicates that the company is effectively controlling its cost of goods sold in relation to its revenue, resulting in a full recovery of production costs and generating profit solely from the sale of goods. This high level of gross profit margin suggests efficient operations and effective cost management within the company. It also implies that Exxon Mobil is likely able to withstand fluctuations in costs of production or pricing pressures in the market, while still maintaining profitability.
Peer comparison
Dec 31, 2023