Exxon Mobil Corp (XOM)

Operating 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
Operating income (ttm)	US$ in thousands	314,845,000	332,512,000	354,284,000	386,780,000	390,705,000	379,361,000	341,179,000	293,658,000	261,928,000	222,776,000	194,912,000	162,144,000	154,561,000	176,529,000	194,412,000	225,990,000	235,728,000	236,334,000	245,558,000	249,192,000
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
Operating profit margin		91.37%	93.49%	93.98%	94.40%	94.45%	94.08%	93.49%	92.64%	91.70%	90.11%	88.75%	87.89%	85.16%	87.33%	87.98%	87.77%	88.97%	87.64%	87.32%	87.87%

December 31, 2023 calculation

Operating profit margin = Operating income (ttm) ÷ Revenue (ttm)
= $314,845,000K ÷ $344,582,000K
= 91.37%

Exxon Mobil Corp.'s operating profit margin has shown some fluctuations over the past eight quarters. There was a general upward trend from Q1 2022 to Q2 2023, with the highest operating profit margin of 19.01% recorded in Q1 2023. However, in Q4 2023, the operating profit margin decreased to 14.18%. This decrease may raise concerns about the company's ability to generate profit from its core operations during that period. Overall, despite the fluctuations, Exxon Mobil Corp. has demonstrated a relatively healthy operating profit margin range, reflecting its ability to efficiently manage its operational costs and generate profits.