Exxon Mobil (XSGO:XOM) COGS-to-Revenue : 0.76 (As of Mar. 2024)

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What is Exxon Mobil COGS-to-Revenue?

Exxon Mobil's Cost of Goods Sold for the three months ended in Mar. 2024 was $61,504 Mil. Its Revenue for the three months ended in Mar. 2024 was $80,411 Mil.

Exxon Mobil's COGS to Revenue for the three months ended in Mar. 2024 was 0.76.

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin. Exxon Mobil's Gross Margin % for the three months ended in Mar. 2024 was 23.51%.

Exxon Mobil COGS-to-Revenue Historical Data

The historical data trend for Exxon Mobil's COGS-to-Revenue 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 COGS-to-Revenue Chart

Exxon Mobil Annual Data

Trend

Dec14

Dec15

Dec16

Dec17

Dec18

Dec19

Dec20

Dec21

Dec22

Dec23

COGS-to-Revenue

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0.78

0.95

0.77

0.74

0.75

Exxon Mobil Quarterly Data
	Jun19	Sep19	Dec19	Mar20	Jun20	Sep20	Dec20	Mar21	Jun21	Sep21	Dec21	Mar22	Jun22	Sep22	Dec22	Mar23	Jun23	Sep23	Dec23	Mar24
COGS-to-Revenue	Get a 7-Day Free Trial															0.71	0.75	0.75	0.78	0.76

Exxon Mobil COGS-to-Revenue Calculation

Exxon Mobil's COGS to Revenue for the fiscal year that ended in Dec. 2023 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	250555	/	334697
	=	0.75

Exxon Mobil's COGS to Revenue for the quarter that ended in Mar. 2024 is calculated as

COGS to Revenue	=	Cost of Goods Sold	/	Revenue
	=	61504	/	80411
	=	0.76

Exxon Mobil (XSGO:XOM) COGS-to-Revenue Explanation

Cost of Goods Sold is directly linked to profitability of the company through Gross Margin.

Exxon Mobil's Gross Margin % for the three months ended in Mar. 2024 is calculated as:

Gross Margin %	=	1	-	COGS to Revenue
	=	1	-	Cost of Goods Sold / Revenue
	=	1	-	61504 / 80411
	=	23.51 %

A company that has a moat can usually maintain or even expand their Gross Margin. A company can increase its Gross Margin in two ways. It can increase the prices of the goods it sells and keeps its Cost of Goods Sold unchanged. Or it can keep the sales price unchanged and squeeze its suppliers to reduce the Cost of Goods Sold. Warren Buffett believes businesses with the power to raise prices have moats.

Exxon Mobil COGS-to-Revenue Related Terms

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Exxon Mobil (XSGO:XOM) Business Description

Industry

GURUFOCUS.COM » STOCK LIST » Energy » Oil & Gas » Exxon Mobil Corp (XSGO:XOM) » Definitions » COGS-to-Revenue

Comparable Companies

Traded in Other Exchanges

XOM:USA XOM:Peru XOM:Mexico 1XOM:Italy XONAd:UK 0R1M:UK XONA:Germany XOM:Canada 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 2022, it produced 2.4 million barrels of liquids and 8.3 billion cubic feet of natural gas per day. At the end of 2022, reserves were 17.7 billion barrels of oil equivalent, 65% 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 is one of the world's largest manufacturers of commodity and specialty chemicals.