Stock Analysis on Net

Exxon Mobil Corp. (NYSE:XOM)

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

Microsoft Excel
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).

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.