Exxon Mobil Corp (XOM)
Operating profit margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 314,845,000 | 390,705,000 | 261,404,000 | 154,366,000 | 238,636,000 |
| Revenue | US$ in thousands | 344,582,000 | 413,680,000 | 285,640,000 | 181,502,000 | 264,938,000 |
| Operating profit margin | 91.37% | 94.45% | 91.52% | 85.05% | 90.07% |
December 31, 2023 calculation
Operating profit margin = Operating income ÷ Revenue
= $314,845,000K ÷ $344,582,000K
= 91.37%
Exxon Mobil Corp.'s operating profit margin has fluctuated over the past five years. In 2023, the operating profit margin was 14.18%, representing a decrease from 16.80% in 2022. Despite the decline, the company's operating profit margin in 2023 remained relatively healthy compared to previous years. The significant improvement from a negative operating profit margin of -15.72% in 2020 to positive figures in subsequent years demonstrates the company's efforts in optimizing its operational efficiency and cost management strategies. Overall, while there has been some variability in Exxon Mobil's operating profit margin, the recent positive trend suggests a potential strengthening of the company's operational performance.
Peer comparison
Dec 31, 2023