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.
Guy Benhamou sends a picture of gas prices to friends while pumping gas at an Exxon Mobil gas station.
Brandon Bell—Getty Images

Company Information

As of 8/3/2022
Country
U.S.
Headquarters
Irving, Texas
Industry
Petroleum Refining
CEO
Darren W. Woods
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 Ratios
As 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

YearRevenues ($M)Profits ($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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