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Exxon Mobil Gross Margin %

: 23.04% (As of Jun. 2021)
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Gross Margin % is calculated as gross profit divided by its revenue. Exxon Mobil's Gross Profit for the three months ended in Jun. 2021 was $15,191 Mil. Exxon Mobil's Revenue for the three months ended in Jun. 2021 was $65,943 Mil. Therefore, Exxon Mobil's Gross Margin % for the quarter that ended in Jun. 2021 was 23.04%.

Warning Sign:

Exxon Mobil Corp gross margin has been in long term decline. The average rate of decline per year is -20.8%.


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

NYSE:XOM' s Gross Margin % Range Over the Past 10 Years
Min: 4.55   Med: 22.15   Max: 24.25
Current: 9.26

4.55
24.25

During the past 13 years, the highest Gross Margin % of Exxon Mobil was 24.25%. The lowest was 4.55%. And the median was 22.15%.

NYSE:XOM's Gross Margin % is ranked lower than
58% of the 445 Companies
in the Oil & Gas industry.

( Industry Median: 51.70 vs. NYSE:XOM: 9.26 )

Exxon Mobil had a gross margin of 23.04% for the quarter that ended in Jun. 2021 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Exxon Mobil was -20.80% 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 Annual Data
Trend Dec11 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20
Gross Margin %
Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 21.78 23.77 24.25 21.89 4.55

Exxon Mobil Quarterly Data
Sep16 Dec16 Mar17 Jun17 Sep17 Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21
Gross Margin % 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 19.82 20.67 -36.28 20.65 23.04

Competitive Comparison

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 Gross Margin % Distribution

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. 2020 is calculated as

Gross Margin % (A: Dec. 2020 )=Gross Profit (A: Dec. 2020 ) / Revenue (A: Dec. 2020 )
=8127 / 178574
=(Revenue - Cost of Goods Sold) / Revenue
=(178574 - 170447) / 178574
=4.55 %

Exxon Mobil's Gross Margin for the quarter that ended in Jun. 2021 is calculated as


Gross Margin % (Q: Jun. 2021 )=Gross Profit (Q: Jun. 2021 ) / Revenue (Q: Jun. 2021 )
=15191 / 65943
=(Revenue - Cost of Goods Sold) / Revenue
=(65943 - 50752) / 65943
=23.04 %

* 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  (NYSE: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 23.04% for the quarter that ended in Jun. 2021 => 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 Business Description

Exxon Mobil logo
Industry
Energy » Oil & Gas NAICS : 211120 SIC : 1311
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 2020, it produced 2.3 million barrels of liquids and 8.5 billion cubic feet of natural gas per day. At the end of 2019, reserves were 15.2 billion barrels of oil equivalent, 58% of which were liquids. The company is the world's largest refiner with a total global refining capacity of 4.8 million barrels of oil per day and one of the world's largest manufacturers of commodity and specialty chemicals.
Executives
Milton Bryan W officer: Vice President 5959 LAS COLINAS BOULEVARD IRVING TX 75039-2298
Carr Ian S officer: Vice President 5959 LAS COLINAS BOULEVARD C/O EXXON MOBIL CORPORATION IRVING TX 75039-2298
Greenlee Stephen M officer: Vice President C/O EXXON MOBIL CORPORATION 5959 LAS COLINAS BOULEVARD IRVING TX 75039-2298
Reinemund Steven director 700 ANDERSON HILL RD PURCHASE NY 10577
Schleckser Robert N officer: Vice President and Treasurer 5959 LAS COLINAS BOULEVARD IRVING TX 75039-2298
Swiger Andrew P officer: Senior Vice President C/O EXXON MOBIL CORPORATION 5959 LAS COLINAS BLVD. IRVING TX 75039-2298
Duffin Neil W officer: Vice President C/O EXXON MOBIL CORPORATION 5959 LAS COLINAS BLVD. IRVING TX 75039-2298
Ebner Randall M officer: Vice President & Gen. Counsel 5959 LAS COLINAS BOULEVARD IRVING TX 75039-2298
Littleton Stephen A officer: Vice President and Secretary 5959 LAS COLINAS BOULEVARD IRVING TX 75039-2298
Hansen Neil A officer: Vice President and Secretary 5959 LAS COLINAS BOULEVARD IRVING TX 75039-2298
Weldon William C director 100 ALBANY STREET SUITE #200 NEW BRUNSWICK NJ 08901
Woods Darren W director, officer: Chairman and CEO C/O EXXON MOBIL CORPORATION 5959 LAS COLINAS BOULEVARD IRVING TX 75039-2298
Oberhelman Douglas R director 100 NE ADAMS STREET PEORIA IL 61629
Avery Susan K director 5959 LAS COLINAS BOULEVARD IRVING TX 75039-2298
Kandarian Steven A director METLIFE 200 PARK AVENUE NEW YORK NY 10166

Exxon Mobil Headlines

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