Exxon Mobil Corp (XOM)
Return on equity (ROE)
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
|---|---|---|---|---|---|---|
| Net income | US$ in thousands | 36,010,000 | 55,740,000 | 23,040,000 | -22,440,000 | 14,340,000 |
| Total stockholders’ equity | US$ in thousands | 204,802,000 | 195,049,000 | 168,577,000 | 157,150,000 | 191,650,000 |
| ROE | 17.58% | 28.58% | 13.67% | -14.28% | 7.48% |
December 31, 2023 calculation
ROE = Net income ÷ Total stockholders’ equity
= $36,010,000K ÷ $204,802,000K
= 17.58%
Exxon Mobil Corp.'s return on equity (ROE) has fluctuated over the past five years. In 2023, the ROE stands at 17.58%, representing a decrease from the previous year's level of 28.58%. The company experienced a significant ROE of 13.67% in 2021, following a negative ROE of -14.28% in 2020. This negative ROE in 2020 indicates that Exxon Mobil's net income was not sufficient to cover the shareholders' equity, leading to a period of financial challenges. However, the ROE rebounded to a positive 7.48% in 2019.
Overall, Exxon Mobil's ROE has been inconsistent, with periods of both profitability and financial distress. Investors and stakeholders should closely monitor the company's financial performance and management strategies to assess its ability to generate returns for shareholders in the future.
Peer comparison
Dec 31, 2023