Exxon Mobil Corp (XOM)

Return on equity (ROE)

		Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Net income	US$ in thousands	33,680,000	36,010,000	55,740,000	23,040,000	-22,440,000
Total stockholders’ equity	US$ in thousands	263,705,000	204,802,000	195,049,000	168,577,000	157,150,000
ROE		12.77%	17.58%	28.58%	13.67%	-14.28%

December 31, 2024 calculation

ROE = Net income ÷ Total stockholders’ equity
= $33,680,000K ÷ $263,705,000K
= 12.77%

Exxon Mobil Corp's return on equity (ROE) has shown significant fluctuations over the years based on the provided data. As of December 31, 2020, the ROE was negative at -14.28%, indicating that the company's net income was insufficient to generate a positive return for shareholders' equity.

However, there was a notable turnaround in the company's performance in the following years. By December 31, 2021, the ROE had improved to 13.67%, demonstrating a positive return for shareholders. This upward trend continued into 2022, with ROE reaching 28.58%, indicating a substantial increase in the company's profitability and efficiency in generating returns on equity.

Despite this strong performance in 2022, the ROE declined slightly to 17.58% by December 31, 2023. This decrease could be attributed to various factors such as changes in the company's capital structure, profitability, or asset management efficiency.

By December 31, 2024, the ROE further decreased to 12.77%, suggesting a potential moderation in the company's profitability and efficiency in utilizing shareholders' equity to generate returns.

Overall, Exxon Mobil Corp's ROE has displayed volatility and fluctuations over the years, with both positive and negative trends. It is essential for investors and stakeholders to monitor ROE consistently to evaluate the company's financial performance and effectiveness in utilizing equity to generate profits.