Exxon Mobil Corp (XOM)
Gross profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Gross profit | US$ in thousands | 338,779,000 | 329,915,000 | 402,359,000 | 273,474,000 | 168,484,000 |
| Revenue | US$ in thousands | 349,585,000 | 344,582,000 | 413,680,000 | 285,640,000 | 181,502,000 |
| Gross profit margin | 96.91% | 95.74% | 97.26% | 95.74% | 92.83% |
December 31, 2024 calculation
Gross profit margin = Gross profit ÷ Revenue
= $338,779,000K ÷ $349,585,000K
= 96.91%
Exxon Mobil Corp's gross profit margin has shown a consistent upward trend over the past five years. The margin increased from 92.83% as of December 31, 2020, to 96.91% as of December 31, 2024. This signifies an improvement in the company's ability to generate profits from its core operations after accounting for the cost of goods sold. The consistently high gross profit margin indicates efficient cost management and pricing strategies which have positively impacted the company's profitability. Exxon Mobil Corp's ability to maintain and even increase its gross profit margin over the years reflects strong operational performance and competitiveness within its industry.
Peer comparison
Dec 31, 2024