Exxon Mobil bounced back from a rocky, pandemic-disrupted 2020, leaping from 10th to sixth place on the Fortune 500. After COVID-related restrictions caused energy demand and oil and gas prices to plummet, Exxon Mobil took to cost-cutting to perk up its balance sheet, reducing its employee headcount by 9,000. Those efforts, along with a rebound in oil prices, helped position the company to achieve its biggest annual profit in seven years in 2021, as it earned more than $23 billion. Following Russia’s invasion of Ukraine in February 2022, Exxon Mobil exited its Sakhalin-1 oil development in Russia, joining fellow energy giants like BP and Shell in divesting from that country, and announced that it would take a write-down of up to $4 billion. Having long taken heat for its contribution to climate change, Exxon Mobil has created a new company, Exxon Mobil Low Carbon Solutions, to commercialize technologies that could be used to achieve net-zero emissions.
Gabby Jones—Bloomberg/Getty Images
Company Information
As of 3/29/23
Country
U.S.
Headquarters
Irving, Texas
Industry
Petroleum Refining
CEO
Darren W. Woods
Website
Company Type
Public
Ticker
XOM
Revenues ($M)
$413,680
Profits ($M)
$55,740
Market Value ($M)
$447,727
Employees
62,000
Figures are for fiscal year ended Dec. 31, 2022. Market value as of March 8, 2023. Sources: S&P Global; Bloomberg.
Key Financials (Last Fiscal Year)
$ millions
% change
Revenues ($M)
$285,640
57.4%
Profits ($M)
$23,040
-
Assets ($M)
$338,923
-
Total Stockholder Equity ($M)
$168,577
-
Profit Ratios
Profit as % of Revenues
8.1%
Profits as % of Assets
6.8%
Profits as % of Stockholder Equity
13.7%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)
539
EPS % Change (from 2020)
-
EPS % Change (5 year annual rate)
23.4%
EPS % Change (10 year annual rate)
-4.4%
Total Return
Total Return to Investors (2021)
57.3%
Total Return to Investors (5 year, annualized)
-2.5%
Total Return to Investors (10 year, annualized)
0.9%
ExxonMobil Rank History
Historical Data
| Year | Revenues ($M) | Profits ($M) | Assets ($M) | Total Stockholder Equity ($M) |
|---|---|---|---|---|
| 2021 | $181,502-31.5% | $-22,440-256.5% | $332,750 | $157,150 |
| 2020 | $264,938-8.7% | $14,340-31.2% | $362,597 | $191,650 |
| 2019 | $290,21218.8% | $20,8405.7% | $346,196 | $191,794 |
| 2018 | $244,36317.4% | $19,710151.4% | $348,691 | $187,688 |
| 2017 | $205,004-16.7% | $7,840-51.5% | $330,314 | $167,325 |
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