Exxon Mobil Corp (XOM)
Return on equity (ROE)
| 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 | ||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Net income (ttm) | US$ in thousands | 36,010,000 | 41,130,000 | 51,720,000 | 61,690,000 | 55,740,000 | 51,860,000 | 38,950,000 | 25,790,000 | 23,040,000 | -5,900,000 | -13,330,000 | -19,100,000 | -22,440,000 | 3,320,000 | 7,170,000 | 11,380,000 | 14,340,000 | 14,650,000 | 17,720,000 | 18,540,000 |
| Total stockholders’ equity | US$ in thousands | 204,802,000 | 199,703,000 | 199,046,000 | 198,685,000 | 195,049,000 | 186,100,000 | 177,316,000 | 169,215,000 | 168,577,000 | 160,589,000 | 158,571,000 | 156,974,000 | 157,150,000 | 177,400,000 | 180,183,000 | 182,079,000 | 191,650,000 | 189,915,000 | 191,377,000 | 191,222,000 |
| ROE | 17.58% | 20.60% | 25.98% | 31.05% | 28.58% | 27.87% | 21.97% | 15.24% | 13.67% | -3.67% | -8.41% | -12.17% | -14.28% | 1.87% | 3.98% | 6.25% | 7.48% | 7.71% | 9.26% | 9.70% |
December 31, 2023 calculation
ROE = Net income (ttm) ÷ Total stockholders’ equity
= $36,010,000K ÷ $204,802,000K
= 17.58%
Exxon Mobil Corp.'s Return on Equity (ROE) has shown fluctuations over the past eight quarters. In Q4 2023, the ROE decreased to 17.58% from 20.60% in Q3 2023. However, compared to Q1 2023, there was an overall decreasing trend observed since the ROE stood at 31.05%.
The corporation experienced a substantial decline between Q1 and Q2 2023, with the ROE dropping from 31.05% to 25.98%. This was followed by a further decrease in Q3 2023 to 20.60%. The upward trend in Q4 2022, with an ROE of 28.58%, was sustained in Q1 2023 before the subsequent declines.
Throughout the period under review, the ROE has been above 15%, indicating that Exxon Mobil Corp. has been generating a positive return for its shareholders. The peak ROE was recorded in Q1 2023 at 31.05%, suggesting a strong performance in utilizing shareholder equity to generate profits. However, the more recent declines raise concerns about the company's ability to efficiently utilize shareholder funds for profitability.
Peer comparison
Dec 31, 2023