Income Statement

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Exxon Mobil Corp., consolidated income statement

US$ in millions

12 months ended:	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Sales and other operating revenue	339,247)	334,697)	398,675)	276,692)	178,574)
Income from equity affiliates	6,194)	6,385)	11,463)	6,657)	1,732)
Other income	4,144)	3,500)	3,542)	2,291)	1,196)
Revenues and other income	349,585)	344,582)	413,680)	285,640)	181,502)
Crude oil and product purchases	(199,454)	(193,029)	(228,959)	(155,164)	(94,007)
Production and manufacturing expenses	(39,609)	(36,885)	(42,609)	(36,035)	(30,431)
Selling, general and administrative expenses	(9,976)	(9,919)	(10,095)	(9,574)	(10,168)
Depreciation and depletion, includes impairments	(23,442)	(20,641)	(24,040)	(20,607)	(46,009)
Exploration expenses, including dry holes	(826)	(751)	(1,025)	(1,054)	(1,285)
Other taxes and duties	(26,288)	(29,011)	(27,919)	(30,239)	(26,122)
Operating income (loss)	49,990)	54,346)	79,033)	32,967)	(26,520)
Non-service pension and postretirement benefit expense	(121)	(714)	(482)	(786)	(1,205)
Interest expense	(996)	(849)	(798)	(947)	(1,158)
Income before (loss) income taxes	48,873)	52,783)	77,753)	31,234)	(28,883)
Income tax (expense) benefit	(13,810)	(15,429)	(20,176)	(7,636)	5,632)
Net income (loss) including noncontrolling interests	35,063)	37,354)	57,577)	23,598)	(23,251)
Net (income) loss attributable to noncontrolling interests	(1,383)	(1,344)	(1,837)	(558)	811)
Net income (loss) attributable to ExxonMobil	33,680)	36,010)	55,740)	23,040)	(22,440)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

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Income statement item	Description	The company
Sales and other operating revenue	Amount, including tax collected from customer, of revenue from satisfaction of performance obligation by transferring promised good or service to customer. Tax collected from customer is tax assessed by governmental authority that is both imposed on and concurrent with specific revenue-producing transaction, including, but not limited to, sales, use, value-added and excise.	Exxon Mobil Corp. sales and other operating revenue decreased from 2022 to 2023 but then slightly increased from 2023 to 2024.
Operating income (loss)	The net result for the period of deducting operating expenses from operating revenues.	Exxon Mobil Corp. operating income (loss) decreased from 2022 to 2023 and from 2023 to 2024.
Income before (loss) income taxes	Amount of income (loss) from continuing operations, including income (loss) from equity method investments, before deduction of income tax expense (benefit), and income (loss) attributable to noncontrolling interest.	Exxon Mobil Corp. income before (loss) income taxes decreased from 2022 to 2023 and from 2023 to 2024.
Net income (loss) attributable to ExxonMobil	The portion of profit or loss for the period, net of income taxes, which is attributable to the parent.	Exxon Mobil Corp. net income (loss) attributable to ExxonMobil decreased from 2022 to 2023 and from 2023 to 2024.

Exxon Mobil Corp. (NYSE:XOM)

Income Statement