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Exxon Mobil (NYSE:XOM) Gross Profit

: $95,465 Mil (TTM As of Sep. 2022)
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Exxon Mobil's gross profit for the three months ended in Sep. 2022 was $29,356 Mil. Exxon Mobil's gross profit for the trailing twelve months (TTM) ended in Sep. 2022 was $95,465 Mil.

Gross Margin % is calculated as gross profit divided by its revenue. Exxon Mobil's gross profit for the three months ended in Sep. 2022 was $29,356 Mil. Exxon Mobil's Revenue for the three months ended in Sep. 2022 was $106,512 Mil. Therefore, Exxon Mobil's Gross Margin % for the quarter that ended in Sep. 2022 was 27.56%.

Exxon Mobil had a gross margin of 27.56% for the quarter that ended in Sep. 2022 => Competition eroding margins

During the past 13 years, the highest Gross Margin % of Exxon Mobil was 24.68%. The lowest was 4.55%. And the median was 22.15%.

Warning Sign:

Exxon Mobil Corp gross margin has been in long-term decline. The average rate of decline per year is -12.6%.


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 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Gross Profit
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 56,362.00 67,733.00 55,958.00 8,127.00 64,886.00

Exxon Mobil Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 18,438.00 19,372.00 16,222.00 30,515.00 29,356.00

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. 2021 is calculated as

Gross Profit (A: Dec. 2021 )=Revenue - Cost of Goods Sold
=276692 - 211806
=64,886

Exxon Mobil's Gross Profit for the quarter that ended in Sep. 2022 is calculated as

Gross Profit (Q: Sep. 2022 )=Revenue - Cost of Goods Sold
=106512 - 77156
=29,356

Gross Profit for the trailing twelve months (TTM) ended in Sep. 2022 adds up the quarterly data reported by the company within the most recent 12 months, which was $95,465 Mil.

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

Exxon Mobil's Gross Margin % for the quarter that ended in Sep. 2022 is calculated as

Gross Margin % (Q: Sep. 2022 )=Gross Profit (Q: Sep. 2022 ) / Revenue (Q: Sep. 2022 )
=(Revenue - Cost of Goods Sold) / Revenue
=29,356 / 106512
=27.56 %

* 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  (NYSE: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 27.56% for the quarter that ended in Sep. 2022 => Competition eroding margins


Exxon Mobil Gross Profit Related Terms

Thank you for viewing the detailed overview of Exxon Mobil's Gross Profit provided by GuruFocus.com. Please click on the following links to see related term pages.


Exxon Mobil (NYSE: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.
Executives
John D Harris director C/O FLEXTRONICS INTERNATIONAL USA, INC., 6201 AMERICA CENTER DRIVE, SAN JOSE CA 95002
Lawrence W Kellner director 1600 SMITH ST., HQSEO, HOUSTON TX 77002
James R. Chapman officer: VP, Tax and Treasurer 120 TREDEGAR STREET, RICHMOND VA 23219
Darrin L Talley officer: Vice President 5959 LAS COLINAS BOULEVARD, C/O EXXON MOBIL CORPORATION, IRVING TX 75039-2298
Jeffrey W Ubben director 1170 GORGAS AVENUE, SAN FRANCISCO CA 94129
Kathryn A Mikells officer: Senior Vice President 77 W. WACKER DRIVE, CHICAGO IL 60601
Alexander Karsner director C/O APPLIED MATERIALS, INC., 3050 BOWERS AVENUE, P.O. BOX 58039, SANTA CLARA CA 95052-8039
Kaisa Hietala director 5959 LAS COLINAS BOULEVARD, C/O EXXON MOBIL CORPORATION, 5959 LAS COLINAS BOULEVARD TX 75039-2298
Gregory James Goff director 19100 RIDGEWOOD PARKWAY, SAN ANTONIO TX 78259
Jon M. Gibbs officer: Executive Officer 5959 LAS COLINAS BOULEVARD, C/O EXXON MOBIL CORPORATION, IRVING TX 75039-2298
Leonard M. Fox officer: Vice President and Controller 5959 LAS COLINAS BOULEVARD, C/O EXXON MOBIL CORPORATION, IRVING TX 75039-2298
Michael J Angelakis director 40 MORRIS AVENUE, BRYN MAWR PA 19010
Wan Zulkiflee director 5959 LAS COLINAS BOULEVARD, C/O EXXON MOBIL CORPORATION, IRVING TX 75039-2298
Craig S Morford officer: Vice President & Gen. Counsel CARDINAL HEALTH, INC., 7000 CARDINAL PLACE, DUBLIN OH 43017
Ian S Carr officer: Vice President 5959 LAS COLINAS BOULEVARD, C/O EXXON MOBIL CORPORATION, IRVING TX 75039-2298

Exxon Mobil (NYSE:XOM) Headlines

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