Statement of Comprehensive Income
Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.
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- Common-Size Balance Sheet: Assets
- DuPont Analysis: Disaggregation of ROE, ROA, and Net Profit Margin
- Enterprise Value (EV)
- Enterprise Value to FCFF (EV/FCFF)
- Price to FCFE (P/FCFE)
- Capital Asset Pricing Model (CAPM)
- Selected Financial Data since 2005
- Current Ratio since 2005
- Total Asset Turnover since 2005
- Analysis of Revenues
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Exxon Mobil Corp., consolidated statement of comprehensive income
US$ in millions
Based on: 10-K (reporting date: 2025-12-31), 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).
The statement of comprehensive income reveals significant fluctuations in financial performance over the five-year period. Net income including noncontrolling interests experienced a substantial increase from 2021 to 2022, followed by declines in subsequent years, though remaining above 2021 levels through 2025. Comprehensive income mirrors this trend, demonstrating a peak in 2022 and a subsequent leveling off, with a slight increase in 2025.
- Net Income Trend
- Net income increased dramatically from US$23,598 million in 2021 to US$57,577 million in 2022, representing a more than 143% increase. This was followed by a decrease to US$37,354 million in 2023, US$35,063 million in 2024, and US$29,764 million in 2025. While declining, net income remained above the 2021 level throughout the period. The decline from 2022 to 2025 suggests potential shifts in market conditions or internal operational factors impacting profitability.
- Foreign Exchange Impact
- Foreign exchange translation adjustments exhibited considerable volatility. A loss of US$872 million in 2021 expanded to a loss of US$3,482 million in 2022. This was reversed in 2023 with a gain of US$1,241 million, followed by a loss of US$3,550 million in 2024 and a gain of US$2,631 million in 2025. The adjustment for foreign exchange translation gains/losses included in net income was relatively small in 2021 and 2022, but increased significantly in 2023 and 2025. These fluctuations indicate substantial exposure to currency exchange rate movements.
- Postretirement Benefit Adjustments
- Postretirement benefit adjustments also showed variability. A significant positive adjustment of US$3,118 million occurred in 2021, followed by US$3,395 million in 2022. A substantial negative adjustment of US$369 million was recorded in 2023, followed by positive adjustments of US$557 million in 2024 and US$1,009 million in 2025. The amortization and settlement of these adjustments, included in net periodic benefit costs, remained relatively stable, decreasing from US$925 million in 2021 to US$38 million in 2025.
- Other Comprehensive Income
- Other comprehensive income (loss) demonstrated significant swings, with a positive value of US$3,169 million in 2021, a smaller positive value of US$316 million in 2022, a positive value of US$1,542 million in 2023, a negative value of US$2,950 million in 2024, and a substantial positive value of US$4,069 million in 2025. This volatility suggests the presence of significant non-net income items impacting overall comprehensive income.
- Attribution to Noncontrolling Interests
- Comprehensive income attributable to noncontrolling interests consistently represented a negative value, ranging from US$786 million in 2021 to US$1,659 million in 2022, and US$1,233 million in 2025. This indicates that the noncontrolling interests consistently reduced the overall comprehensive income attributable to the parent company, ExxonMobil. The magnitude of this reduction remained relatively consistent throughout the period.
Overall, the period was characterized by substantial volatility in several components of comprehensive income, particularly related to foreign exchange and postretirement benefits. While net income experienced a significant peak in 2022, it subsequently declined, though remained above 2021 levels. The fluctuations in other comprehensive income contributed to variations in the total comprehensive income attributable to ExxonMobil.