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, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Sales and other operating revenue	334,697)	398,675)	276,692)	178,574)	255,583)
Income from equity affiliates	6,385)	11,463)	6,657)	1,732)	5,441)
Other income	3,500)	3,542)	2,291)	1,196)	3,914)
Revenues and other income	344,582)	413,680)	285,640)	181,502)	264,938)
Crude oil and product purchases	(193,029)	(228,959)	(155,164)	(94,007)	(143,801)
Production and manufacturing expenses	(36,885)	(42,609)	(36,035)	(30,431)	(36,826)
Selling, general and administrative expenses	(9,919)	(10,095)	(9,574)	(10,168)	(11,398)
Depreciation and depletion, includes impairments	(20,641)	(24,040)	(20,607)	(46,009)	(18,998)
Exploration expenses, including dry holes	(751)	(1,025)	(1,054)	(1,285)	(1,269)
Other taxes and duties	(29,011)	(27,919)	(30,239)	(26,122)	(30,525)
Operating income (loss)	54,346)	79,033)	32,967)	(26,520)	22,121)
Non-service pension and postretirement benefit expense	(714)	(482)	(786)	(1,205)	(1,235)
Interest expense	(849)	(798)	(947)	(1,158)	(830)
Income before (loss) income taxes	52,783)	77,753)	31,234)	(28,883)	20,056)
Income tax (expense) benefit	(15,429)	(20,176)	(7,636)	5,632)	(5,282)
Net income (loss) including noncontrolling interests	37,354)	57,577)	23,598)	(23,251)	14,774)
Net (income) loss attributable to noncontrolling interests	(1,344)	(1,837)	(558)	811)	(434)
Net income (loss) attributable to ExxonMobil	36,010)	55,740)	23,040)	(22,440)	14,340)

Based on: 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), 10-K (reporting date: 2019-12-31).

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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 increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
Operating income (loss)	The net result for the period of deducting operating expenses from operating revenues.	Exxon Mobil Corp. operating income (loss) increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
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 increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.
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 increased from 2021 to 2022 but then slightly decreased from 2022 to 2023 not reaching 2021 level.

Exxon Mobil Corp. (NYSE:XOM)

Income Statement