Stock Analysis on Net
Stock Analysis on Net

Exxon Mobil Corp. (NYSE:XOM)

Adjusted Financial Ratios

Microsoft Excel

Adjusted Financial Ratios (Summary)

Exxon Mobil Corp., adjusted financial ratios

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Activity Ratio
Total Asset Turnover
Reported 0.75 0.89 1.08 0.82 0.54
Adjusted 0.74 0.86 1.05 0.79 0.53
Liquidity Ratio
Current Ratio
Reported 1.31 1.48 1.41 1.04 0.80
Adjusted 1.46 1.70 1.64 1.30 0.91
Solvency Ratios
Debt to Equity
Reported 0.16 0.20 0.21 0.28 0.43
Adjusted 0.15 0.19 0.20 0.26 0.39
Debt to Capital
Reported 0.14 0.17 0.17 0.22 0.30
Adjusted 0.13 0.16 0.16 0.20 0.28
Financial Leverage
Reported 1.72 1.84 1.89 2.01 2.12
Adjusted 1.45 1.56 1.61 1.69 1.81
Profitability Ratios
Net Profit Margin
Reported 9.93% 10.76% 13.98% 8.33% -12.57%
Adjusted 8.01% 11.59% 15.59% 12.75% -18.04%
Return on Equity (ROE)
Reported 12.77% 17.58% 28.58% 13.67% -14.28%
Adjusted 8.59% 15.67% 26.22% 17.13% -17.46%
Return on Assets (ROA)
Reported 7.43% 9.57% 15.10% 6.80% -6.74%
Adjusted 5.91% 10.03% 16.32% 10.11% -9.63%

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).

Financial ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Exxon Mobil Corp. adjusted total asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024.
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Exxon Mobil Corp. adjusted current ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Exxon Mobil Corp. adjusted debt-to-equity ratio improved from 2022 to 2023 and from 2023 to 2024.
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Exxon Mobil Corp. adjusted debt-to-capital ratio improved from 2022 to 2023 and from 2023 to 2024.
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 Exxon Mobil Corp. adjusted financial leverage ratio decreased from 2022 to 2023 and from 2023 to 2024.
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Exxon Mobil Corp. adjusted net profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024.
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Exxon Mobil Corp. adjusted ROE deteriorated from 2022 to 2023 and from 2023 to 2024.
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Exxon Mobil Corp. adjusted ROA deteriorated from 2022 to 2023 and from 2023 to 2024.

Exxon Mobil Corp., Financial Ratios: Reported vs. Adjusted

Adjusted Total Asset Turnover

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Sales and other operating revenue 339,247 334,697 398,675 276,692 178,574
Total assets 453,475 376,317 369,067 338,923 332,750
Activity Ratio
Total asset turnover1 0.75 0.89 1.08 0.82 0.54
Adjusted
Selected Financial Data (US$ in millions)
Sales and other operating revenue 339,247 334,697 398,675 276,692 178,574
Adjusted total assets2 460,015 386,951 380,712 349,013 334,465
Activity Ratio
Adjusted total asset turnover3 0.74 0.86 1.05 0.79 0.53

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).

1 2024 Calculation
Total asset turnover = Sales and other operating revenue ÷ Total assets
= 339,247 ÷ 453,475 = 0.75

2 Adjusted total assets. See details »

3 2024 Calculation
Adjusted total asset turnover = Sales and other operating revenue ÷ Adjusted total assets
= 339,247 ÷ 460,015 = 0.74

Activity ratio Description The company
Adjusted total asset turnover An activity ratio calculated as total revenue divided by adjusted total assets. Exxon Mobil Corp. adjusted total asset turnover ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

Adjusted Current Ratio

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Current assets 91,990 96,609 97,631 59,154 44,893
Current liabilities 70,307 65,316 69,045 56,643 56,363
Liquidity Ratio
Current ratio1 1.31 1.48 1.41 1.04 0.80
Adjusted
Selected Financial Data (US$ in millions)
Adjusted current assets2 102,466 110,880 113,101 73,694 50,767
Adjusted current liabilities3 70,307 65,316 69,045 56,566 55,960
Liquidity Ratio
Adjusted current ratio4 1.46 1.70 1.64 1.30 0.91

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).

1 2024 Calculation
Current ratio = Current assets ÷ Current liabilities
= 91,990 ÷ 70,307 = 1.31

2 Adjusted current assets. See details »

3 Adjusted current liabilities. See details »

4 2024 Calculation
Adjusted current ratio = Adjusted current assets ÷ Adjusted current liabilities
= 102,466 ÷ 70,307 = 1.46

Liquidity ratio Description The company
Adjusted current ratio A liquidity ratio calculated as adjusted current assets divided by adjusted current liabilities. Exxon Mobil Corp. adjusted current ratio improved from 2022 to 2023 but then deteriorated significantly from 2023 to 2024.

Adjusted Debt to Equity

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Total debt 41,710 41,573 41,193 47,704 67,640
Total ExxonMobil share of equity 263,705 204,802 195,049 168,577 157,150
Solvency Ratio
Debt to equity1 0.16 0.20 0.21 0.28 0.43
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 48,188 47,583 46,787 52,894 72,802
Adjusted total equity3 316,188 247,624 236,992 206,015 184,413
Solvency Ratio
Adjusted debt to equity4 0.15 0.19 0.20 0.26 0.39

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).

1 2024 Calculation
Debt to equity = Total debt ÷ Total ExxonMobil share of equity
= 41,710 ÷ 263,705 = 0.16

2 Adjusted total debt. See details »

3 Adjusted total equity. See details »

4 2024 Calculation
Adjusted debt to equity = Adjusted total debt ÷ Adjusted total equity
= 48,188 ÷ 316,188 = 0.15

Solvency ratio Description The company
Adjusted debt-to-equity ratio A solvency ratio calculated as adjusted total debt divided by adjusted total equity. Exxon Mobil Corp. adjusted debt-to-equity ratio improved from 2022 to 2023 and from 2023 to 2024.

Adjusted Debt to Capital

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Total debt 41,710 41,573 41,193 47,704 67,640
Total capital 305,415 246,375 236,242 216,281 224,790
Solvency Ratio
Debt to capital1 0.14 0.17 0.17 0.22 0.30
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total debt2 48,188 47,583 46,787 52,894 72,802
Adjusted total capital3 364,376 295,207 283,779 258,909 257,215
Solvency Ratio
Adjusted debt to capital4 0.13 0.16 0.16 0.20 0.28

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).

1 2024 Calculation
Debt to capital = Total debt ÷ Total capital
= 41,710 ÷ 305,415 = 0.14

2 Adjusted total debt. See details »

3 Adjusted total capital. See details »

4 2024 Calculation
Adjusted debt to capital = Adjusted total debt ÷ Adjusted total capital
= 48,188 ÷ 364,376 = 0.13

Solvency ratio Description The company
Adjusted debt-to-capital ratio A solvency ratio calculated as adjusted total debt divided by adjusted total debt plus adjusted total equity. Exxon Mobil Corp. adjusted debt-to-capital ratio improved from 2022 to 2023 and from 2023 to 2024.

Adjusted Financial Leverage

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Total assets 453,475 376,317 369,067 338,923 332,750
Total ExxonMobil share of equity 263,705 204,802 195,049 168,577 157,150
Solvency Ratio
Financial leverage1 1.72 1.84 1.89 2.01 2.12
Adjusted
Selected Financial Data (US$ in millions)
Adjusted total assets2 460,015 386,951 380,712 349,013 334,465
Adjusted total equity3 316,188 247,624 236,992 206,015 184,413
Solvency Ratio
Adjusted financial leverage4 1.45 1.56 1.61 1.69 1.81

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).

1 2024 Calculation
Financial leverage = Total assets ÷ Total ExxonMobil share of equity
= 453,475 ÷ 263,705 = 1.72

2 Adjusted total assets. See details »

3 Adjusted total equity. See details »

4 2024 Calculation
Adjusted financial leverage = Adjusted total assets ÷ Adjusted total equity
= 460,015 ÷ 316,188 = 1.45

Solvency ratio Description The company
Adjusted financial leverage A measure of financial leverage calculated as adjusted total assets divided by adjusted total equity.
Financial leverage is the extent to which a company can effect, through the use of debt, a proportional change in the return on common equity that is greater than a given proportional change in operating income.		 Exxon Mobil Corp. adjusted financial leverage ratio decreased from 2022 to 2023 and from 2023 to 2024.

Adjusted Net Profit Margin

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Net income (loss) attributable to ExxonMobil 33,680 36,010 55,740 23,040 (22,440)
Sales and other operating revenue 339,247 334,697 398,675 276,692 178,574
Profitability Ratio
Net profit margin1 9.93% 10.76% 13.98% 8.33% -12.57%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss) including noncontrolling interests2 27,168 38,802 62,151 35,291 (32,207)
Sales and other operating revenue 339,247 334,697 398,675 276,692 178,574
Profitability Ratio
Adjusted net profit margin3 8.01% 11.59% 15.59% 12.75% -18.04%

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).

1 2024 Calculation
Net profit margin = 100 × Net income (loss) attributable to ExxonMobil ÷ Sales and other operating revenue
= 100 × 33,680 ÷ 339,247 = 9.93%

2 Adjusted net income (loss) including noncontrolling interests. See details »

3 2024 Calculation
Adjusted net profit margin = 100 × Adjusted net income (loss) including noncontrolling interests ÷ Sales and other operating revenue
= 100 × 27,168 ÷ 339,247 = 8.01%

Profitability ratio Description The company
Adjusted net profit margin An indicator of profitability, calculated as adjusted net income divided by total revenue. Exxon Mobil Corp. adjusted net profit margin ratio deteriorated from 2022 to 2023 and from 2023 to 2024.

Adjusted Return on Equity (ROE)

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Net income (loss) attributable to ExxonMobil 33,680 36,010 55,740 23,040 (22,440)
Total ExxonMobil share of equity 263,705 204,802 195,049 168,577 157,150
Profitability Ratio
ROE1 12.77% 17.58% 28.58% 13.67% -14.28%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss) including noncontrolling interests2 27,168 38,802 62,151 35,291 (32,207)
Adjusted total equity3 316,188 247,624 236,992 206,015 184,413
Profitability Ratio
Adjusted ROE4 8.59% 15.67% 26.22% 17.13% -17.46%

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).

1 2024 Calculation
ROE = 100 × Net income (loss) attributable to ExxonMobil ÷ Total ExxonMobil share of equity
= 100 × 33,680 ÷ 263,705 = 12.77%

2 Adjusted net income (loss) including noncontrolling interests. See details »

3 Adjusted total equity. See details »

4 2024 Calculation
Adjusted ROE = 100 × Adjusted net income (loss) including noncontrolling interests ÷ Adjusted total equity
= 100 × 27,168 ÷ 316,188 = 8.59%

Profitability ratio Description The company
Adjusted ROE A profitability ratio calculated as adjusted net income divided by adjusted total equity. Exxon Mobil Corp. adjusted ROE deteriorated from 2022 to 2023 and from 2023 to 2024.

Adjusted Return on Assets (ROA)

Microsoft Excel
Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Reported
Selected Financial Data (US$ in millions)
Net income (loss) attributable to ExxonMobil 33,680 36,010 55,740 23,040 (22,440)
Total assets 453,475 376,317 369,067 338,923 332,750
Profitability Ratio
ROA1 7.43% 9.57% 15.10% 6.80% -6.74%
Adjusted
Selected Financial Data (US$ in millions)
Adjusted net income (loss) including noncontrolling interests2 27,168 38,802 62,151 35,291 (32,207)
Adjusted total assets3 460,015 386,951 380,712 349,013 334,465
Profitability Ratio
Adjusted ROA4 5.91% 10.03% 16.32% 10.11% -9.63%

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).

1 2024 Calculation
ROA = 100 × Net income (loss) attributable to ExxonMobil ÷ Total assets
= 100 × 33,680 ÷ 453,475 = 7.43%

2 Adjusted net income (loss) including noncontrolling interests. See details »

3 Adjusted total assets. See details »

4 2024 Calculation
Adjusted ROA = 100 × Adjusted net income (loss) including noncontrolling interests ÷ Adjusted total assets
= 100 × 27,168 ÷ 460,015 = 5.91%

Profitability ratio Description The company
Adjusted ROA A profitability ratio calculated as adjusted net income divided by adjusted total assets. Exxon Mobil Corp. adjusted ROA deteriorated from 2022 to 2023 and from 2023 to 2024.