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Exxon Mobil (WBO:XOM) Gross Profit

: €106,360 Mil (TTM As of Mar. 2023)
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Exxon Mobil's gross profit for the three months ended in Mar. 2023 was €22,380 Mil. Exxon Mobil's gross profit for the trailing twelve months (TTM) ended in Mar. 2023 was €106,360 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Exxon Mobil's gross profit for the three months ended in Mar. 2023 was €22,380 Mil. Exxon Mobil's Revenue for the three months ended in Mar. 2023 was €78,123 Mil. Therefore, Exxon Mobil's Gross Margin % for the quarter that ended in Mar. 2023 was 28.65%.

Exxon Mobil had a gross margin of 28.65% for the quarter that ended in Mar. 2023 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Exxon Mobil was 28.08%. The lowest was 4.55%. And the median was 22.67%.

Warning Sign:

Exxon Mobil Corp gross margin has been in long-term decline. The average rate of decline per year is -3.5%.


Exxon Mobil Gross Profit Historical Data

The historical data trend for Exxon Mobil's Gross Profit can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

* Premium members only.

Exxon Mobil Annual Data
Trend Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22
Gross Profit
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 59,537.31 50,362.20 6,680.39 57,424.11 97,295.25

Exxon Mobil Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Gross Profit Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 14,729.58 28,867.19 29,649.56 25,463.46 22,379.57

Competitive Comparison

For the Oil & Gas Integrated subindustry, Exxon Mobil's Gross Profit, along with its competitors' market caps and Gross Profit data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

   

Exxon Mobil Gross Profit Distribution

For the Oil & Gas industry and Energy sector, Exxon Mobil's Gross Profit distribution charts can be found below:

* The bar in red indicates where Exxon Mobil's Gross Profit falls in comparison to its industry or sector. The grey bar indicates the Gross Profit's extreme value range as defined by GuruFocus.



Exxon Mobil Gross Profit Calculation

Gross Profit is the different between the sale prices and the cost of buying or producing the goods.

Exxon Mobil's Gross Profit for the fiscal year that ended in Dec. 2022 is calculated as

Gross Profit (A: Dec. 2022 )=Revenue - Cost of Goods Sold
=376349.2 - 279053.952
=97,295

Exxon Mobil's Gross Profit for the quarter that ended in Mar. 2023 is calculated as

Gross Profit (Q: Mar. 2023 )=Revenue - Cost of Goods Sold
=78123.496 - 55743.922
=22,380

Gross Profit for the trailing twelve months (TTM) ended in Mar. 2023 adds up the quarterly data reported by the company within the most recent 12 months, which was €106,360 Mil.

Gross Profit is the numerator in the calculation of Gross Margin.

Exxon Mobil's Gross Margin % for the quarter that ended in Mar. 2023 is calculated as

Gross Margin % (Q: Mar. 2023 )=Gross Profit (Q: Mar. 2023 ) / Revenue (Q: Mar. 2023 )
=(Revenue - Cost of Goods Sold) / Revenue
=22,380 / 78123.496
=28.65 %

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Exxon Mobil  (WBO:XOM) Gross Profit Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Exxon Mobil had a gross margin of 28.65% for the quarter that ended in Mar. 2023 => Competition eroding margins


Exxon Mobil Gross Profit Related Terms

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Exxon Mobil (WBO:XOM) Business Description

Exxon Mobil logo
Address
5959 Las Colinas Boulevard, Irving, TX, USA, 75039-2298
ExxonMobil is an integrated oil and gas company that explores for, produces, and refines oil around the world. In 2021, it produced 2.3 million barrels of liquids and 8.5 billion cubic feet of natural gas per day. At the end of 2021, reserves were 18.5 billion barrels of oil equivalent, 66% of which were liquids. The company is the world's largest refiner with a total global refining capacity of 4.6 million barrels of oil per day and one of the world's largest manufacturers of commodity and specialty chemicals.

Exxon Mobil (WBO:XOM) Headlines