Exxon Mobil Corp (XOM)
Pretax margin
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Earnings before tax but after interest (EBT) | US$ in thousands | 51,439,000 | 75,916,000 | 30,676,000 | -28,072,000 | 19,622,000 |
| Revenue | US$ in thousands | 344,582,000 | 413,680,000 | 285,640,000 | 181,502,000 | 264,938,000 |
| Pretax margin | 14.93% | 18.35% | 10.74% | -15.47% | 7.41% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $51,439,000K ÷ $344,582,000K
= 14.93%
Exxon Mobil Corp.'s pretax margin has fluctuated over the past five years, indicating variability in its profitability before taxes. In 2023, the pretax margin stood at 15.61%, showing a decrease from the previous year's figure of 19.33%. Despite this decrease, the pretax margin in 2023 remains relatively healthy compared to 2021 when it was 11.20%. The significant improvement from a negative margin of -16.07% in 2020 to a positive margin in 2021 demonstrates the company's ability to recover from challenges.
Overall, while the pretax margin has shown volatility in recent years, Exxon Mobil Corp. has managed to sustain positive margins and improve profitability, indicating effective management of its operations and financial performance.
Peer comparison
Dec 31, 2023