Analysis of Geographic Areas
Exxon Mobil Corp. operates in 2 regions: United States and Non-U.S..
Area Profit Margin
Exxon Mobil Corp., profit margin by geographic area
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 10.59% | 15.81% | 9.09% | -30.26% | 2.74% |
| Non-U.S. | 11.73% | 13.56% | 9.39% | -0.16% | 8.98% |
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).
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area profit margin | United States | United States area profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
| Non-U.S. | Non-U.S. area profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Area Profit Margin: United States
Exxon Mobil Corp.; United States; area profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Earnings (loss) after income tax | 13,487) | 23,586) | 9,479) | (18,960) | 2,459) |
| Sales and other operating revenue | 127,363) | 149,225) | 104,236) | 62,661) | 89,610) |
| Area Profitability Ratio | |||||
| Area profit margin1 | 10.59% | 15.81% | 9.09% | -30.26% | 2.74% |
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).
1 2023 Calculation
Area profit margin = 100 × Earnings (loss) after income tax ÷ Sales and other operating revenue
= 100 × 13,487 ÷ 127,363 = 10.59%
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area profit margin | United States | United States area profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Area Profit Margin: Non-U.S.
Exxon Mobil Corp.; Non-U.S.; area profit margin calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Earnings (loss) after income tax | 24,314) | 33,817) | 16,197) | (184) | 14,898) |
| Sales and other operating revenue | 207,266) | 249,414) | 172,426) | 115,875) | 165,932) |
| Area Profitability Ratio | |||||
| Area profit margin1 | 11.73% | 13.56% | 9.39% | -0.16% | 8.98% |
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).
1 2023 Calculation
Area profit margin = 100 × Earnings (loss) after income tax ÷ Sales and other operating revenue
= 100 × 24,314 ÷ 207,266 = 11.73%
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area profit margin | Non-U.S. | Non-U.S. area profit margin ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023. |
Area Return on Assets (Area ROA)
Exxon Mobil Corp., ROA by geographic area
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 11.26% | 19.89% | 8.33% | -16.80% | 1.81% |
| Non-U.S. | 11.76% | 16.43% | 8.01% | -0.09% | 7.14% |
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).
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area ROA | United States | United States area ROA improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
| Non-U.S. | Non-U.S. area ROA improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Area ROA: United States
Exxon Mobil Corp.; United States; area ROA calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Earnings (loss) after income tax | 13,487) | 23,586) | 9,479) | (18,960) | 2,459) |
| Total assets | 119,794) | 118,605) | 113,799) | 112,880) | 135,736) |
| Area Profitability Ratio | |||||
| Area ROA1 | 11.26% | 19.89% | 8.33% | -16.80% | 1.81% |
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).
1 2023 Calculation
Area ROA = 100 × Earnings (loss) after income tax ÷ Total assets
= 100 × 13,487 ÷ 119,794 = 11.26%
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area ROA | United States | United States area ROA improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Area ROA: Non-U.S.
Exxon Mobil Corp.; Non-U.S.; area ROA calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Earnings (loss) after income tax | 24,314) | 33,817) | 16,197) | (184) | 14,898) |
| Total assets | 206,706) | 205,791) | 202,261) | 199,798) | 208,690) |
| Area Profitability Ratio | |||||
| Area ROA1 | 11.76% | 16.43% | 8.01% | -0.09% | 7.14% |
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).
1 2023 Calculation
Area ROA = 100 × Earnings (loss) after income tax ÷ Total assets
= 100 × 24,314 ÷ 206,706 = 11.76%
| Area profitability ratio | Geographic area | The company |
|---|---|---|
| Area ROA | Non-U.S. | Non-U.S. area ROA improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Area Asset Turnover
Exxon Mobil Corp., asset turnover by geographic area
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 1.06 | 1.26 | 0.92 | 0.56 | 0.66 |
| Non-U.S. | 1.00 | 1.21 | 0.85 | 0.58 | 0.80 |
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).
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
| Non-U.S. | Non-U.S. area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Area Asset Turnover: United States
Exxon Mobil Corp.; United States; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and other operating revenue | 127,363) | 149,225) | 104,236) | 62,661) | 89,610) |
| Total assets | 119,794) | 118,605) | 113,799) | 112,880) | 135,736) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.06 | 1.26 | 0.92 | 0.56 | 0.66 |
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).
1 2023 Calculation
Area asset turnover = Sales and other operating revenue ÷ Total assets
= 127,363 ÷ 119,794 = 1.06
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | United States | United States area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Area Asset Turnover: Non-U.S.
Exxon Mobil Corp.; Non-U.S.; area asset turnover calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Sales and other operating revenue | 207,266) | 249,414) | 172,426) | 115,875) | 165,932) |
| Total assets | 206,706) | 205,791) | 202,261) | 199,798) | 208,690) |
| Area Activity Ratio | |||||
| Area asset turnover1 | 1.00 | 1.21 | 0.85 | 0.58 | 0.80 |
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).
1 2023 Calculation
Area asset turnover = Sales and other operating revenue ÷ Total assets
= 207,266 ÷ 206,706 = 1.00
| Area activity ratio | Geographic area | The company |
|---|---|---|
| Area asset turnover | Non-U.S. | Non-U.S. area asset turnover ratio improved from 2021 to 2022 but then slightly deteriorated from 2022 to 2023 not reaching 2021 level. |
Area Capital Expenditures to Depreciation
Exxon Mobil Corp., capital expenditures to depreciation by geographic area
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 1.18 | 1.14 | 0.60 | 0.33 | 1.95 |
| Non-U.S. | 1.25 | 0.58 | 0.61 | 0.45 | 0.90 |
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).
| Area financial ratio | Geographic area | The company |
|---|---|---|
| Area capital expenditures to depreciation | United States | United States area capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
| Non-U.S. | Non-U.S. area capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Area Capital Expenditures to Depreciation: United States
Exxon Mobil Corp.; United States; area capital expenditures to depreciation calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Additions to property, plant and equipment | 12,159) | 8,144) | 4,853) | 9,930) | 14,433) |
| Depreciation and depletion expense | 10,326) | 7,169) | 8,133) | 30,028) | 7,391) |
| Area Financial Ratio | |||||
| Area capital expenditures to depreciation1 | 1.18 | 1.14 | 0.60 | 0.33 | 1.95 |
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).
1 2023 Calculation
Area capital expenditures to depreciation = Additions to property, plant and equipment ÷ Depreciation and depletion expense
= 12,159 ÷ 10,326 = 1.18
| Area financial ratio | Geographic area | The company |
|---|---|---|
| Area capital expenditures to depreciation | United States | United States area capital expenditures to depreciation ratio improved from 2021 to 2022 and from 2022 to 2023. |
Area Capital Expenditures to Depreciation: Non-U.S.
Exxon Mobil Corp.; Non-U.S.; area capital expenditures to depreciation calculation
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| Selected Financial Data (US$ in millions) | |||||
| Additions to property, plant and equipment | 11,817) | 9,297) | 7,030) | 6,741) | 9,713) |
| Depreciation and depletion expense | 9,462) | 15,898) | 11,599) | 15,089) | 10,758) |
| Area Financial Ratio | |||||
| Area capital expenditures to depreciation1 | 1.25 | 0.58 | 0.61 | 0.45 | 0.90 |
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).
1 2023 Calculation
Area capital expenditures to depreciation = Additions to property, plant and equipment ÷ Depreciation and depletion expense
= 11,817 ÷ 9,462 = 1.25
| Area financial ratio | Geographic area | The company |
|---|---|---|
| Area capital expenditures to depreciation | Non-U.S. | Non-U.S. area capital expenditures to depreciation ratio deteriorated from 2021 to 2022 but then improved from 2022 to 2023 exceeding 2021 level. |
Earnings (loss) after income tax
Exxon Mobil Corp., earnings (loss) after income tax by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 13,487) | 23,586) | 9,479) | (18,960) | 2,459) |
| Non-U.S. | 24,314) | 33,817) | 16,197) | (184) | 14,898) |
| Corporate and financing | (1,791) | (1,663) | (2,636) | (3,296) | (3,017) |
| Corporate total | 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).
Sales and other operating revenue
Exxon Mobil Corp., sales and other operating revenue by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 127,363) | 149,225) | 104,236) | 62,661) | 89,610) |
| Non-U.S. | 207,266) | 249,414) | 172,426) | 115,875) | 165,932) |
| Corporate and financing | 68) | 36) | 30) | 38) | 41) |
| Corporate total | 334,697) | 398,675) | 276,692) | 178,574) | 255,583) |
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).
Depreciation and depletion expense
Exxon Mobil Corp., depreciation and depletion expense by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 10,326) | 7,169) | 8,133) | 30,028) | 7,391) |
| Non-U.S. | 9,462) | 15,898) | 11,599) | 15,089) | 10,758) |
| Corporate and financing | 853) | 973) | 875) | 892) | 849) |
| Corporate total | 20,641) | 24,040) | 20,607) | 46,009) | 18,998) |
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).
Additions to property, plant and equipment
Exxon Mobil Corp., additions to property, plant and equipment by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 12,159) | 8,144) | 4,853) | 9,930) | 14,433) |
| Non-U.S. | 11,817) | 9,297) | 7,030) | 6,741) | 9,713) |
| Corporate and financing | 5,062) | 897) | 658) | 671) | 758) |
| Corporate total | 29,038) | 18,338) | 12,541) | 17,342) | 24,904) |
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).
Total assets
Exxon Mobil Corp., total assets by geographic area
US$ in millions
| Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | |
|---|---|---|---|---|---|
| United States | 119,794) | 118,605) | 113,799) | 112,880) | 135,736) |
| Non-U.S. | 206,706) | 205,791) | 202,261) | 199,798) | 208,690) |
| Corporate and financing | 49,817) | 44,671) | 22,863) | 20,072) | 18,171) |
| Corporate total | 376,317) | 369,067) | 338,923) | 332,750) | 362,597) |
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).