Exxon Mobil bounced back from a rocky, pandemic-disrupted 2020, leaping from No. 23 to No. 12 on the Global 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 the country, and announced that it would take a write-down of up to $4 billion. Having long taken heat for its contribution to climate change, Exxon Mobil has created a new business, Exxon Mobil Low Carbon Solutions, to commercialize technologies that could be used to achieve net-zero emissions.
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Company Information
As of 8/3/2022
Country
U.S.
Headquarters
Irving, Texas
Industry
Petroleum Refining
CEO
Darren W. Woods
Website
Company Type
Public
Ticker
XOM
Revenues ($M)
$285,640
Profits ($M)
$23,040
Market Value ($M)
$371,841
Employees
63,000
Excise taxes have been deducted.Market value as of July 19, 2022.
Key Financials (Last Fiscal Year)As of 8/3/2022
($ Millions)
% change
Revenues ($M)
$285,640
57.4%
Profits ($M)
$23,040
-
Assets ($M)
$338,923
-
Total Stockholder Equity ($M)
$168,577
-
Profit RatiosAs of 8/3/2022
Profit as % of Revenues
8.1%
Profits as % of Assets
6.8%
Profits as % of Stockholder Equity
13.7%
Exxon Mobil Rank History
Historical Data
| Year | Revenues ($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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