Exxon Mobil (WBO:XOM) ROCE %

: 22.39% (As of Mar. 2023)

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ROCE % measures how well a company generates profits from its capital. It is calculated as EBIT divided by Capital Employed, where Capital Employed is calculated as Total Assets minus Total Current Liabilities. Exxon Mobil's annualized ROCE % for the quarter that ended in Mar. 2023 was 22.39%.

Exxon Mobil ROCE % Historical Data

The historical data trend for Exxon Mobil's ROCE % 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.

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Exxon Mobil Annual Data

Trend

Dec13

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

ROCE %

11.15

7.19

-9.19

11.94

27.82

Exxon Mobil Quarterly Data
	Jun18	Sep18	Dec18	Mar19	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23
ROCE %																12.54	35.96	36.26	24.71	22.39

Exxon Mobil ROCE % Calculation

Exxon Mobil's annualized ROCE % for the fiscal year that ended in Dec. 2022 is calculated as:

ROCE %	=	EBIT	/	( (Capital Employed	+	Capital Employed)	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(A: Dec. 2022 )		(A: Dec. 2021 )		(A: Dec. 2022 )
	=	74152.144	/	( ( (299946.855 - 50129.055)	+	(348399.248 - 65178.48) )	/ 2 )
	=	74152.144	/	( (249817.8	+	283220.768)	/ 2 )
	=	74152.144	/	266519.284
	=	27.82 %

Exxon Mobil's ROCE % of for the quarter that ended in Mar. 2023 is calculated as:

ROCE %	=	EBIT ⁽¹⁾	/	( (Capital Employed	+	Capital Employed)	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	EBIT	/	( ( (Total Assets - Total Current Liabilities)	+	(Total Assets - Total Current Liabilities) )	/ count )
		(Q: Mar. 2023 )		(Q: Dec. 2022 )		(Q: Mar. 2023 )
	=	63370.032	/	( ( (348399.248 - 65178.48)	+	(344992.514 - 62266.044) )	/ 2 )
	=	63370.032	/	( ( 283220.768	+	282726.47 )	/ 2 )
	=	63370.032	/	282973.619
	=	22.39 %

(1) Note: The EBIT data used here is four times the quarterly (Mar. 2023) EBIT data.

Exxon Mobil (WBO:XOM) ROCE % Explanation

ROCE % can be especially useful when comparing the performance of capital-intensive companies. Unlike ROE %, which indicates the profitability of Shareholders Equity, ROCE % also considers long-term debt in Capital Employed. This can be helpful when analyzing companies with significant debt, as the result is neutralized by taking debt into consideration.

Generally speaking, a higher ROCE % indicates a stonger profitability for a company. Moreover, it is important to look at the ratio from a long term perspective. Investors tend to favor companies with stable and rising ROCE % trend over those with volatile ones.

Exxon Mobil ROCE % Related Terms

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Exxon Mobil (WBO:XOM) Business Description

Industry

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Comparable Companies

Traded in Other Exchanges

XOM:USA XOM:Mexico 0R1M:UK XONA:Germany XOM:Chile EXXO34:Brazil 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.