Exxon Mobil Corp (XOM)
Operating return on assets (Operating ROA)
| 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 |
| Total assets | US$ in thousands | 453,475,000 | 376,317,000 | 369,067,000 | 338,923,000 | 332,750,000 |
| Operating ROA | 72.22% | 83.66% | 105.86% | 77.13% | 46.39% |
December 31, 2024 calculation
Operating ROA = Operating income ÷ Total assets
= $327,504,000K ÷ $453,475,000K
= 72.22%
Exxon Mobil Corp's operating return on assets (operating ROA) has shown a significant increase over the years, indicating improved operational efficiency and profitability. The trend reveals a positive trajectory, starting at 46.39% on December 31, 2020, and steadily rising to 77.13% by December 31, 2021. The upward momentum continued as operating ROA further increased to 105.86% by December 31, 2022, showcasing robust performance.
However, there was a slight decline in operating ROA to 83.66% by December 31, 2023, followed by a further decrease to 72.22% by December 31, 2024. Despite the drop in the final year, Exxon Mobil Corp's operating ROA remains relatively high, indicating a strong ability to generate profits from its operational assets. Further analysis would be needed to understand the factors contributing to the fluctuations in the operating ROA during the period.
Peer comparison
Dec 31, 2024