Return on Equity (ROE)
since 2005
Calculation
Texas Pacific Land Corp., ROE, long-term trends, calculation
| ROE | = | 100 | × | Net income1 | ÷ | Total equity1 | |
|---|---|---|---|---|---|---|---|
| Dec 31, 2023 | 38.88% | = | 100 | × | 405,645) | ÷ | 1,043,196) |
| Dec 31, 2022 | 57.75% | = | 100 | × | 446,362) | ÷ | 772,887) |
| Dec 31, 2021 | 41.43% | = | 100 | × | 269,980) | ÷ | 651,711) |
| Dec 31, 2020 | 36.28% | = | 100 | × | 176,049) | ÷ | 485,184) |
| Dec 31, 2019 | 62.23% | = | 100 | × | 318,728) | ÷ | 512,137) |
| Dec 31, 2018 | 85.71% | = | 100 | × | 209,736) | ÷ | 244,691) |
| Dec 31, 2017 | 96.42% | = | 100 | × | 76,361) | ÷ | 79,193) |
| Dec 31, 2016 | 78.20% | = | 100 | × | 37,240) | ÷ | 47,624) |
| Dec 31, 2015 | 109.52% | = | 100 | × | 50,039) | ÷ | 45,689) |
| Dec 31, 2014 | 130.11% | = | 100 | × | 34,765) | ÷ | 26,720) |
| Dec 31, 2013 | 151.81% | = | 100 | × | 27,219) | ÷ | 17,930) |
| Dec 31, 2012 | 125.98% | = | 100 | × | 19,648) | ÷ | 15,596) |
| Dec 31, 2011 | 100.23% | = | 100 | × | 20,595) | ÷ | 20,547) |
| Dec 31, 2010 | 61.79% | = | 100 | × | 11,309) | ÷ | 18,302) |
| Dec 31, 2009 | 35.09% | = | 100 | × | 6,914) | ÷ | 19,704) |
| Dec 31, 2008 | 46.50% | = | 100 | × | 10,940) | ÷ | 23,525) |
| Dec 31, 2007 | 33.15% | = | 100 | × | 8,250) | ÷ | 24,890) |
| Dec 31, 2006 | 47.34% | = | 100 | × | 11,570) | ÷ | 24,439) |
| Dec 31, 2005 | 34.59% | = | 100 | × | 8,513) | ÷ | 24,614) |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in thousands
Comparison to Competitors
Texas Pacific Land Corp., ROE, long-term trends, comparison to competitors
| Texas Pacific Land Corp. | Chevron Corp. | ConocoPhillips | Exxon Mobil Corp. | Occidental Petroleum Corp. | |
|---|---|---|---|---|---|
| Dec 31, 2023 | 38.88% | 13.28% | 22.23% | 17.58% | 15.52% |
| Dec 31, 2022 | 57.75% | 22.27% | 38.91% | 28.58% | 44.22% |
| Dec 31, 2021 | 41.43% | 11.24% | 17.79% | 13.67% | 11.42% |
| Dec 31, 2020 | 36.28% | -4.21% | -9.05% | -14.28% | -79.85% |
| Dec 31, 2019 | 62.23% | 2.03% | 20.55% | 7.48% | -1.95% |
| Dec 31, 2018 | 85.71% | 9.59% | 19.59% | 10.87% | 19.37% |
| Dec 31, 2017 | 96.42% | 6.21% | -2.79% | 10.50% | 6.37% |
| Dec 31, 2016 | 78.20% | -0.34% | -10.34% | 4.69% | -2.67% |
| Dec 31, 2015 | 109.52% | 3.00% | -11.14% | 9.45% | -32.15% |
| Dec 31, 2014 | 130.11% | 12.41% | 13.23% | 18.65% | 1.76% |
| Dec 31, 2013 | 151.81% | 14.37% | 17.58% | 18.72% | 13.69% |
| Dec 31, 2012 | 125.98% | 19.18% | 17.56% | 27.06% | 11.49% |
| Dec 31, 2011 | 100.23% | 22.16% | 19.07% | 26.59% | 18.00% |
| Dec 31, 2010 | 61.79% | 18.10% | 16.57% | 20.74% | 13.95% |
| Dec 31, 2009 | 35.09% | 11.41% | 7.78% | 17.44% | 10.02% |
| Dec 31, 2008 | 46.50% | 27.62% | -30.81% | 40.03% | 25.12% |
| Dec 31, 2007 | 33.15% | 24.24% | 13.36% | 33.35% | 23.66% |
| Dec 31, 2006 | 47.34% | 24.86% | 18.82% | 34.70% | 21.80% |
| Dec 31, 2005 | 34.59% | 22.50% | 25.66% | 32.50% | 35.13% |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Oil, Gas & Consumable Fuels)
Texas Pacific Land Corp., ROE, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Texas Pacific Land Corp. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2023 | 38.88% | 16.40% |
| Dec 31, 2022 | 57.75% | 28.49% |
| Dec 31, 2021 | 41.43% | 13.14% |
| Dec 31, 2020 | 36.28% | -13.50% |
| Dec 31, 2019 | 62.23% | 5.87% |
| Dec 31, 2018 | 85.71% | 11.52% |
| Dec 31, 2017 | 96.42% | 7.59% |
| Dec 31, 2016 | 78.20% | 0.85% |
| Dec 31, 2015 | 109.52% | 2.19% |
| Dec 31, 2014 | 130.11% | 14.23% |
| Dec 31, 2013 | 151.81% | 16.51% |
| Dec 31, 2012 | 125.98% | 21.54% |
| Dec 31, 2011 | 100.23% | 23.02% |
| Dec 31, 2010 | 61.79% | 18.52% |
| Dec 31, 2009 | 35.09% | 12.77% |
| Dec 31, 2008 | 46.50% | 20.92% |
| Dec 31, 2007 | 33.15% | 24.65% |
| Dec 31, 2006 | 47.34% | 26.83% |
| Dec 31, 2005 | 34.59% | 28.57% |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Energy)
Texas Pacific Land Corp., ROE, long-term trends, comparison to industry (energy)
| Texas Pacific Land Corp. | Energy | |
|---|---|---|
| Dec 31, 2023 | 38.88% | 16.59% |
| Dec 31, 2022 | 57.75% | 28.13% |
| Dec 31, 2021 | 41.43% | 13.12% |
| Dec 31, 2020 | 36.28% | -16.04% |
| Dec 31, 2019 | 62.23% | 3.18% |
| Dec 31, 2018 | 85.71% | 11.06% |
| Dec 31, 2017 | 96.42% | 6.57% |
| Dec 31, 2016 | 78.20% | 0.36% |
| Dec 31, 2015 | 109.52% | 2.49% |
| Dec 31, 2014 | 130.11% | 14.24% |
| Dec 31, 2013 | 151.81% | 16.56% |
| Dec 31, 2012 | 125.98% | 21.07% |
| Dec 31, 2011 | 100.23% | 22.48% |
| Dec 31, 2010 | 61.79% | 18.13% |
| Dec 31, 2009 | 35.09% | 12.99% |
| Dec 31, 2008 | 46.50% | 21.56% |
| Dec 31, 2007 | 33.15% | 25.12% |
| Dec 31, 2006 | 47.34% | 27.14% |
| Dec 31, 2005 | 34.59% | 28.59% |
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), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).