Exxon Mobil Corp (XOM)
Operating profit margin
| Dec 31, 2024 | Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | ||
|---|---|---|---|---|---|---|
| Operating income | US$ in thousands | 327,504,000 | 314,845,000 | 390,705,000 | 261,404,000 | 154,366,000 |
| Revenue | US$ in thousands | 349,585,000 | 344,582,000 | 413,680,000 | 285,640,000 | 181,502,000 |
| Operating profit margin | 93.68% | 91.37% | 94.45% | 91.52% | 85.05% |
December 31, 2024 calculation
Operating profit margin = Operating income ÷ Revenue
= $327,504,000K ÷ $349,585,000K
= 93.68%
Exxon Mobil Corp's operating profit margin has displayed a consistent upward trend over the past five years, starting at 85.05% on December 31, 2020, and reaching 93.68% by December 31, 2024. This indicates that the company has been effectively controlling its operating expenses relative to its revenue, resulting in a higher percentage of each dollar of revenue being converted into operating profit.
The significant increase in operating profit margin from 2020 to 2024 suggests that Exxon Mobil has been successful in enhancing operational efficiency and optimizing its cost structure. This improvement may be attributed to strategic cost-cutting measures, better revenue generation, or a combination of both. Overall, the rising trend in operating profit margin reflects positively on the company's ability to generate profits from its core business activities.
Peer comparison
Dec 31, 2024