GURUFOCUS.COM » STOCK LIST » Europe » Austria » WBO » Exxon Mobil Corp (WBO:XOM) » Definitions » Retained Earnings
Switch to:

Exxon Mobil (WBO:XOM) Retained Earnings

: €411,476 Mil (As of Mar. 2023)
View and export this data going back to 2017. Start your Free Trial

Retained earnings is the accumulated portion of net income that is not distributed to shareholders. Exxon Mobil's retained earnings for the quarter that ended in Mar. 2023 was €411,476 Mil.

Exxon Mobil's quarterly retained earnings declined from Sep. 2022 (€428,116 Mil) to Dec. 2022 (€408,620 Mil) but then increased from Dec. 2022 (€408,620 Mil) to Mar. 2023 (€411,476 Mil).

Exxon Mobil's annual retained earnings increased from Dec. 2020 (€315,601 Mil) to Dec. 2021 (€346,972 Mil) and increased from Dec. 2021 (€346,972 Mil) to Dec. 2022 (€408,620 Mil).


Exxon Mobil Retained Earnings Historical Data

The historical data trend for Exxon Mobil's Retained Earnings 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
Retained Earnings
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 370,632.99 379,206.90 315,601.15 346,972.22 408,619.84

Exxon Mobil Quarterly Data
Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23
Retained Earnings 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 357,551.33 385,875.29 428,115.77 408,619.84 411,475.57

Exxon Mobil Retained Earnings Calculation

Retained Earnings is the accumulated portion of net income that is not distributed to shareholders. Because the net income was not distributed to shareholders, shareholders' equity is increased by the same amount.

Of course, if a company loses, it is called retained losses, or accumulated losses.


Exxon Mobil  (WBO:XOM) Retained Earnings Explanation

Historically profitable companies sometimes have negative retained earnings. This is because they have cumulatively paid out more to shareholders than they reported in profits.

For example, in 2011, Microsoft had negative retained earnings. This does not mean the company lost more money than it made over the years. It just means it paid out more money than it earned.

If a company has negative retained earnings, investors should check the 10-year financial results. They should not assume that negative retained earnings prove a company has generally lost money in the past.

Of course, many companies with negative retained earnings have indeed lost money in the past.

Retained Earnings: Warren Buffett's Secret.

One of the most important indicators of durable competitive advantage. Net earnings can be paid out as dividends, used to buy back shares or retained for growth.

If the company loses more than it has accumulated, retained earnings is negative.

If a company isn't adding to its retained earnings, it isn't growing its net worth.

Rate of growth of retained earnings is good indicator whether it's benefiting from a competitive advantage.

Microsoft is negative because it chose to buyback stock and pay dividends.

The more earnings retained, the faster it grows and increases growth rate for future earnings.


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

Other Sources

Big oil can be lean and not mean

By Reuters 2023-01-31