Exxon Mobil Corp (XOM)
Gross profit margin
| 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 | Dec 31, 2019 | Sep 30, 2019 | Jun 30, 2019 | Mar 31, 2019 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Gross profit (ttm) | US$ in thousands | 329,915,000 | 344,166,000 | 365,653,000 | 398,383,000 | 402,359,000 | 391,466,000 | 353,223,000 | 305,417,000 | 273,736,000 | 235,526,000 | 207,813,000 | 175,137,000 | 168,581,000 | 189,100,000 | 207,403,000 | 239,518,000 | 248,648,000 | 249,503,000 | 258,859,000 | 262,658,000 |
| Revenue (ttm) | US$ in thousands | 344,582,000 | 355,667,000 | 376,977,000 | 409,744,000 | 413,680,000 | 403,216,000 | 364,932,000 | 316,993,000 | 285,640,000 | 247,215,000 | 219,628,000 | 184,491,000 | 181,502,000 | 202,135,000 | 220,985,000 | 257,471,000 | 264,938,000 | 269,660,000 | 281,216,000 | 283,581,000 |
| Gross profit margin | 95.74% | 96.77% | 97.00% | 97.23% | 97.26% | 97.09% | 96.79% | 96.35% | 95.83% | 95.27% | 94.62% | 94.93% | 92.88% | 93.55% | 93.85% | 93.03% | 93.85% | 92.53% | 92.05% | 92.62% |
December 31, 2023 calculation
Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $329,915,000K ÷ $344,582,000K
= 95.74%
The gross profit margin of Exxon Mobil Corp. has remained consistently high at 100% throughout the past eight quarters. This indicates that the company is effectively managing its production costs and generating a significant margin between the cost of goods sold and its revenues. A gross profit margin of 100% signifies that the company is able to sell its products for double the cost of producing them, reflecting strong pricing power and operational efficiency. It is noteworthy that maintaining such a high gross profit margin over an extended period could indicate the presence of stable pricing strategies, efficient cost control mechanisms, or perhaps even a product mix that generates high margins for Exxon Mobil Corp.
Peer comparison
Dec 31, 2023