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Exxon Mobil (NYSE:XOM) Gross Margin %

: 27.56% (As of Sep. 2022)
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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 Sep. 2022 was $29,356 Mil. Exxon Mobil's Revenue for the three months ended in Sep. 2022 was $106,512 Mil. Therefore, Exxon Mobil's Gross Margin % for the quarter that ended in Sep. 2022 was 27.56%.

Warning Sign:

Exxon Mobil Corp gross margin has been in long-term decline. The average rate of decline per year is -12.6%.


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

XOM' s Gross Margin % Range Over the Past 10 Years
Min: 4.55   Med: 22.15   Max: 24.68
Current: 24.68


During the past 13 years, the highest Gross Margin % of Exxon Mobil was 24.68%. The lowest was 4.55%. And the median was 22.15%.

XOM's Gross Margin % is ranked worse than
53.84% of 925 companies
in the Oil & Gas industry
Industry Median: 28.52 vs XOM: 24.68

Exxon Mobil had a gross margin of 27.56% for the quarter that ended in Sep. 2022 => Competition eroding margins

The 5-Year average Growth Rate of Gross Margin for Exxon Mobil was -12.60% per year.


Exxon Mobil (NYSE:XOM) 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 Dec12 Dec13 Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21
Gross Margin % Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 23.77 24.25 21.89 4.55 23.45

Exxon Mobil Quarterly Data
Dec17 Mar18 Jun18 Sep18 Dec18 Mar19 Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22
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 25.65 23.83 18.49 27.43 27.56

Exxon Mobil (NYSE:XOM) Gross Margin % 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 (NYSE:XOM) 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. 2021 is calculated as

Gross Margin % (A: Dec. 2021 )=Gross Profit (A: Dec. 2021 ) / Revenue (A: Dec. 2021 )
=64886 / 276692
=(Revenue - Cost of Goods Sold) / Revenue
=(276692 - 211806) / 276692
=23.45 %

Exxon Mobil's Gross Margin for the quarter that ended in Sep. 2022 is calculated as


Gross Margin % (Q: Sep. 2022 )=Gross Profit (Q: Sep. 2022 ) / Revenue (Q: Sep. 2022 )
=29356 / 106512
=(Revenue - Cost of Goods Sold) / Revenue
=(106512 - 77156) / 106512
=27.56 %

* 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 27.56% for the quarter that ended in Sep. 2022 => 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 (NYSE: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.
Executives
Talley Darrin L officer: Vice President 5959 LAS COLINAS BOULEVARD C/O EXXON MOBIL CORPORATION IRVING TX 75039-2298
Ubben Jeffrey W director 1170 GORGAS AVENUE SAN FRANCISCO CA 94129
Mikells Kathryn A officer: Senior Vice President 77 W. WACKER DRIVE CHICAGO IL 60601
Karsner Alexander director C/O APPLIED MATERIALS, INC. 3050 BOWERS AVENUE, P.O. BOX 58039 SANTA CLARA CA 95052-8039
Goff Gregory James director 19100 RIDGEWOOD PARKWAY SAN ANTONIO TX 78259
Hietala Kaisa director 5959 LAS COLINAS BOULEVARD C/O EXXON MOBIL CORPORATION 5959 LAS COLINAS BOULEVARD TX 75039-2298
Gibbs Jon M. officer: Executive Officer 5959 LAS COLINAS BOULEVARD C/O EXXON MOBIL CORPORATION IRVING TX 75039-2298
Fox Leonard M. officer: Vice President and Controller 5959 LAS COLINAS BOULEVARD C/O EXXON MOBIL CORPORATION IRVING TX 75039-2298
Angelakis Michael J director 40 MORRIS AVENUE BRYN MAWR PA 19010
Zulkiflee Wan director 5959 LAS COLINAS BOULEVARD C/O EXXON MOBIL CORPORATION IRVING TX 75039-2298
Morford Craig S officer: Vice President & Gen. Counsel CARDINAL HEALTH, INC. 7000 CARDINAL PLACE DUBLIN OH 43017
Carr Ian S officer: Vice President 5959 LAS COLINAS BOULEVARD C/O EXXON MOBIL CORPORATION IRVING TX 75039-2298
Littleton Stephen A officer: Vice President and Secretary 5959 LAS COLINAS BOULEVARD IRVING TX 75039-2298
Hooley Joseph L director STATE STREET CORPORATION ONE LINCOLN STREET BOSTON MA 02111
Mckee Karen T officer: Vice President 5959 LAS COLINAS BOULEVARD IRVING TX 75039-2298

Exxon Mobil (NYSE:XOM) Headlines

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