Exxon Mobil Corp (XOM)
Net profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 36,010,000 | 55,740,000 | 23,040,000 | -22,440,000 | 14,340,000 |
| Revenue | US$ in thousands | 344,582,000 | 413,680,000 | 285,640,000 | 181,502,000 | 264,938,000 |
| Net profit margin | 10.45% | 13.47% | 8.07% | -12.36% | 5.41% |
December 31, 2023 calculation
Net profit margin = Net income ÷ Revenue
= $36,010,000K ÷ $344,582,000K
= 10.45%
Exxon Mobil Corp.'s net profit margin has fluctuated over the past five years, ranging from a low of -12.48% in 2020 to a high of 13.86% in 2022. The net profit margin indicates how efficiently the company is managing its expenses relative to its revenue. The decline in 2020 may suggest challenges or losses during that period, while the improvement in 2022 indicates a better control of costs or an increase in revenue. Overall, the positive net profit margins in recent years (2021, 2022, 2023) reflect Exxon Mobil Corp.'s ability to generate profits after accounting for all expenses, which is a key indicator of financial health.
Peer comparison
Dec 31, 2023