Exxon Mobil Corp (XOM)

Pretax 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
Earnings before tax but after interest (EBT) (ttm)	US$ in thousands	51,439,000	59,733,000	71,194,000	84,020,000	75,916,000	68,899,000	53,429,000	35,436,000	30,676,000	-6,924,000	-16,681,000	-24,448,000	-28,072,000	4,382,000	9,369,000	15,291,000	19,622,000	21,163,000	25,393,000	27,498,000
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
Pretax margin		14.93%	16.79%	18.89%	20.51%	18.35%	17.09%	14.64%	11.18%	10.74%	-2.80%	-7.60%	-13.25%	-15.47%	2.17%	4.24%	5.94%	7.41%	7.85%	9.03%	9.70%

December 31, 2023 calculation

Pretax margin = EBT (ttm) ÷ Revenue (ttm)
= $51,439,000K ÷ $344,582,000K
= 14.93%

Exxon Mobil Corp.'s pretax margin displayed fluctuating trends over the eight quarters analyzed. The pretax margin ranged from a low of 11.71% in Q1 2022 to a high of 21.60% in Q1 2023. The trend indicates a general uptrend from Q1 2022 to Q1 2023, followed by a decline in Q4 2023. Overall, the company's ability to generate profits before taxes improved from Q1 2022 to Q1 2023 but experienced a slight setback in the most recent quarter. Further analysis is warranted to understand the factors driving these changes in pretax profitability.