Market Cap : 456.86 B | Enterprise Value : 468.41 B | PE Ratio : 8.44 | PB Ratio : 2.34 |
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ROE % is calculated as Net Income divided by its average Total Stockholders Equity over a certain period of time. Exxon Mobil's annualized net income for the quarter that ended in Dec. 2022 was $51,000 Mil. Exxon Mobil's average Total Stockholders Equity over the quarter that ended in Dec. 2022 was $190,575 Mil. Therefore, Exxon Mobil's annualized ROE % for the quarter that ended in Dec. 2022 was 26.76%.
The historical rank and industry rank for Exxon Mobil's ROE % or its related term are showing as below:
During the past 13 years, Exxon Mobil's highest ROE % was 30.66%. The lowest was -12.87%. And the median was 11.04%.
XOM's ROE % is ranked better thanThe historical data trend for Exxon Mobil's ROE % 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.
For the Oil & Gas Integrated subindustry, Exxon Mobil's ROE %, along with its competitors' market caps and ROE % 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.
For the Oil & Gas industry and Energy sector, Exxon Mobil's ROE % distribution charts can be found below:
* The bar in red indicates where Exxon Mobil's ROE % falls in comparison to its industry or sector. The grey bar indicates the ROE %'s extreme value range as defined by GuruFocus.
Exxon Mobil's annualized ROE % for the fiscal year that ended in Dec. 2022 is calculated as
ROE % | = | Net Income (A: Dec. 2022 ) | / | ( (Total Stockholders Equity (A: Dec. 2021 ) | + | Total Stockholders Equity (A: Dec. 2022 )) | / count ) |
= | 55740 | / | ( (168577 | + | 195049) | / 2 ) | |
= | 55740 | / | 181813 | ||||
= | 30.66 % |
Exxon Mobil's annualized ROE % for the quarter that ended in Dec. 2022 is calculated as
ROE % | = | Net Income (Q: Dec. 2022 ) | / | ( (Total Stockholders Equity (Q: Sep. 2022 ) | + | Total Stockholders Equity (Q: Dec. 2022 )) | / count ) |
= | 51000 | / | ( (186100 | + | 195049) | / 2 ) | |
= | 51000 | / | 190574.5 | ||||
= | 26.76 % |
* 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.
In the calculation of annual ROE %, the net income of the last fiscal year and the average total shareholder equity over the fiscal year are used. In calculating the quarterly data, the net income data used here is four times the quarterly (Dec. 2022) net income data. ROE % is displayed in the 30-year financial page.
ROE % measures the rate of return on the ownership interest (shareholder's equity) of the common stock owners. It measures a firm's efficiency at generating profits from every unit of shareholders' equity (also known as net assets or assets minus liabilities). ROE % shows how well a company uses investment funds to generate earnings growth. ROE %s between 15% and 20% are considered desirable.
The factors that affect a company's ROE % can be illustrated with the three-step DuPont Analysis:
ROE % | (Q: Dec. 2022 ) | ||||
= | Net Income | / | Total Stockholders Equity | ||
= | 51000 | / | 190574.5 | ||
= | (Net Income / Revenue ) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (51000 / 372656) | * | (372656 / 369609.5) | * | (369609.5 / 190574.5) |
= | Net Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 13.69 % | * | 1.0082 | * | 1.9394 |
= | ROA % | * | Equity Multiplier | ||
= | 13.8 % | * | 1.9394 | ||
= | 26.76 % |
With this breakdown, it is clear that if a company grows its Net Profit Margin, its Asset Turnover, or its Leverage, it can grow its ROE %.
The factors that affect a company's ROE % can also be illustrated with the five-step DuPont Analysis:
ROE % | (Q: Dec. 2022 ) | ||||||||
= | Net Income | / | Total Stockholders Equity | ||||||
= | 51000 | / | 190574.5 | ||||||
= | (Net Income / Pre-Tax Income) | * | (Pre-Tax Income / Operating Income) | * | (Operating Income / Revenue) | * | (Revenue / Total Assets) | * | (Total Assets / Total Stockholders Equity) |
= | (51000 / 75368) | * | (75368 / 67536) | * | (67536 / 372656) | * | (372656 / 369609.5) | * | (369609.5 / 190574.5) |
= | Tax Burden | * | Interest Burden | * | Operating Margin % | * | Asset Turnover | * | Equity Multiplier |
= | 0.6767 | * | 1.116 | * | 18.12 % | * | 1.0082 | * | 1.9394 |
= | 26.76 % |
Note: The net income data used here is four times the quarterly (Dec. 2022) net income data. The Revenue data used here is four times the quarterly (Dec. 2022) revenue data. The same rule applies to Pre-Tax Income and Operating Income. * In the five-step DuPont Analysis, Operating Income is only available for non-financial companies. Thus, for Insurance companies, we use EBIT as a substitution of Operating Income. For Banks, both Operating Income and EBIT is unavailable. Thus we combined Interest Burden and Operating Margin % into Pretax Margin %, and the DuPont Analysis is divided into four components instead.
* 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.
Net Income is used.
Because a company can increase its ROE % by having more financial leverage, it is important to watch the equity multiplier when investing in high ROE % companies. Like ROA %, ROE % is calculated with only 12 months data. Fluctuations in company's earnings or business cycles can affect the ratio drastically. It is important to look at the ratio from a long term perspective.
Asset light businesses require very few assets to generate very high earnings. Their ROE %s can be extremely high.
Thank you for viewing the detailed overview of Exxon Mobil's ROE % provided by GuruFocus.com. Please click on the following links to see related term pages.
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 |
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