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Exxon Mobil (WBO:XOM) Gross Margin % : 23.51% (As of Mar. 2024)


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What is Exxon Mobil Gross Margin %?

Gross Margin % is calculated as gross profit divided by its revenue. Exxon Mobil's Gross Profit for the three months ended in Mar. 2024 was €17,394 Mil. Exxon Mobil's Revenue for the three months ended in Mar. 2024 was €73,978 Mil. Therefore, Exxon Mobil's Gross Margin % for the quarter that ended in Mar. 2024 was 23.51%.


The historical rank and industry rank for Exxon Mobil's Gross Margin % or its related term are showing as below:

WBO:XOM' s Gross Margin % Range Over the Past 10 Years
Min: 4.55   Med: 23.45   Max: 25.85
Current: 23.86


During the past 13 years, the highest Gross Margin % of Exxon Mobil was 25.85%. The lowest was 4.55%. And the median was 23.45%.

WBO:XOM's Gross Margin % is ranked worse than
55.41% of 924 companies
in the Oil & Gas industry
Industry Median: 28.02 vs WBO:XOM: 23.86

Exxon Mobil had a gross margin of 23.51% for the quarter that ended in Mar. 2024 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Exxon Mobil was 6.90% per year.


Exxon Mobil Gross Margin % Historical Data

The historical data trend for Exxon Mobil's Gross Margin % 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 Gross Margin % Chart

Exxon Mobil Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Gross Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 21.89 4.55 23.45 25.85 25.14

Exxon Mobil Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Gross Margin % Get a 7-Day Free Trial 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 28.65 24.87 25.27 21.67 23.51

Competitive Comparison of Exxon Mobil's Gross Margin %

For the Oil & Gas Integrated subindustry, Exxon Mobil's Gross Margin %, along with its competitors' market caps and Gross Margin % 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.


Exxon Mobil's Gross Margin % Distribution in the Oil & Gas Industry

For the Oil & Gas industry and Energy sector, Exxon Mobil's Gross Margin % distribution charts can be found below:

* The bar in red indicates where Exxon Mobil's Gross Margin % falls into.



Exxon Mobil Gross Margin % Calculation

Gross Margin is the percentage of Gross Profit out of sales or Revenue.

Exxon Mobil's Gross Margin for the fiscal year that ended in Dec. 2023 is calculated as

Gross Margin % (A: Dec. 2023 )=Gross Profit (A: Dec. 2023 ) / Revenue (A: Dec. 2023 )
=77158.2 / 306917.149
=(Revenue - Cost of Goods Sold) / Revenue
=(306917.149 - 229758.935) / 306917.149
=25.14 %

Exxon Mobil's Gross Margin for the quarter that ended in Mar. 2024 is calculated as


Gross Margin % (Q: Mar. 2024 )=Gross Profit (Q: Mar. 2024 ) / Revenue (Q: Mar. 2024 )
=17394.4 / 73978.12
=(Revenue - Cost of Goods Sold) / Revenue
=(73978.12 - 56583.68) / 73978.12
=23.51 %

* 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.

A positive Gross Profit is only the first step for a company to make a net profit. The gross profit needs to be big enough to also cover related labor, equipment, rental, marketing/advertising, research and development and a lot of other costs in selling the products.


Exxon Mobil  (WBO:XOM) Gross Margin % Explanation

Warren Buffett believes that firms with excellent long term economics tend to have consistently higher margins.

Durable competitive advantage creates a high Gross Margin % because of the freedom to price in excess of cost. Companies can be categorized by their Gross Margin %

1. Greater than 40% = Durable competitive advantage
2. Less than 40% = Competition eroding margins
3. Less than 20% = no sustainable competitive advantage
Consistency of Gross Margin is key

Exxon Mobil had a gross margin of 23.51% for the quarter that ended in Mar. 2024 => Competition eroding margins


Be Aware

If a company loses its competitive advantages, usually its gross margin declines well before its sales declines. Watching Gross Margin % and Operating Margin % closely helps avoid value trap situations.


Exxon Mobil Gross Margin % Related Terms

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


Exxon Mobil (WBO:XOM) Business Description

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 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.

Exxon Mobil (WBO:XOM) Headlines

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