Exxon Mobil (NYSE:XOM) Gross Property, Plant and Equipment

: $204,692 Mil (As of Dec. 2022)

View and export this data going back to 1920. Start your Free Trial

Exxon Mobil's quarterly gross PPE declined from Jun. 2022 ($209,159 Mil) to Sep. 2022 ($203,102 Mil) but then increased from Sep. 2022 ($203,102 Mil) to Dec. 2022 ($204,692 Mil).

Exxon Mobil's annual gross PPE stayed the same from Dec. 2020 ($227,553 Mil) to Dec. 2021 ($216,552 Mil) but then declined from Dec. 2021 ($216,552 Mil) to Dec. 2022 ($204,692 Mil).

Exxon Mobil Gross Property, Plant and Equipment Historical Data

The historical data trend for Exxon Mobil's Gross Property, Plant and Equipment 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 Property, Plant and Equipment

247,101.00

253,018.00

227,553.00

216,552.00

204,692.00

Exxon Mobil Quarterly Data
	Mar18	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22
Gross Property, Plant and Equipment																216,552.00	212,773.00	209,159.00	203,102.00	204,692.00

Exxon Mobil Gross Property, Plant and Equipment Calculation

Property, Plant and Equipment (PPE) are the fixed assets of the company. Fixed assets are also known as non-current assets.

Property, plant, and equipment includes assets that will - in the normal course of business - neither be used up in the next year nor will become a part of any product sold to customers.

Some of the most common parts of property, plant, and equipment are:

Land
Buildings (and leasehold improvements)
Transportation equipment
Manufacturing equipment
Office equipment
Office furniture

Companies with lots of property, plant, and equipment often have special categories. For example, railroad property includes:

Track
Ties
Ballast
Bridges
Tunnels
Signals
Locomotives
Freight Cars

There is often a note in the financial statements - found in a company's 10-K - that will explain the different categories of property a company owns.

The market value of property, plant, and equipment can differ tremendously from the book value of property, plant, and equipment.

For example, when Berkshire Hathaway liquidated its textile mills, it had to pay the buyers of the company's manufacturing equipment to haul the equipment away. That property, plant, and equipment was literally worth less than zero. On the other hand, some companies own thousands of acres of land.

All property, plant, and equipment other than land is depreciated. Land is never depreciated. However, land is not marked up to market value either. Under Generally Accepted Accounting Principles (GAAP), land is shown on the balance sheet at cost.

The property, plant, and equipment line shown on the balance sheet is usually net property, plant, and equipment. This means it is the cost of the property, plant, and equipment less accumulated depreciation.

Exxon Mobil (NYSE:XOM) Gross Property, Plant and Equipment Explanation

A company with durable competitive advantage doesn't need to constantly upgrade its equipment to stay competitive. The company replaces when it wears out. On the other hand, a company without any advantages must replace to keep pace.

Difference between a company with a moat and one without is that the company with the competitive advantage finances new equipment through internal cash flows, whereas the no advantage company requires debt to finance.

Producing a consistent product that doesn't change equates to consistent profits. There is no need to upgrade plants which frees up cash for other ventures. Think Coca Cola, Johnson & Johnson etc.

Exxon Mobil Gross Property, Plant and Equipment Related Terms

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

Exxon Mobil (NYSE:XOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Exxon Mobil Corp (NYSE:XOM) » Definitions » Gross Property, Plant and Equipment

Comparable Companies

Traded in Other Exchanges

XOM:Mexico 0R1M:UK XONA:Germany XOM:Chile EXXO34:Brazil XOM:Austria XOM:Argentina

Address

5959 Las Colinas Boulevard, Irving, TX, USA, 75039-2298

Website

https://www.exxonmobil.com

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