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Exxon Mobil (WBO:XOM) Pretax Margin % : 15.38% (As of Mar. 2024)


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What is Exxon Mobil Pretax Margin %?

Pre-Tax margin is calculated as Pre-Tax Income divided by its Revenue. Exxon Mobil's Pre-Tax Income for the three months ended in Mar. 2024 was €11,379 Mil. Exxon Mobil's Revenue for the three months ended in Mar. 2024 was €73,978 Mil. Therefore, Exxon Mobil's pretax margin for the quarter that ended in Mar. 2024 was 15.38%.

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

WBO:XOM' s Pretax Margin % Range Over the Past 10 Years
Min: -16.17   Med: 10.12   Max: 19.5
Current: 14.59


WBO:XOM's Pretax Margin % is ranked better than
67.89% of 978 companies
in the Oil & Gas industry
Industry Median: 5.875 vs WBO:XOM: 14.59

Exxon Mobil Pretax Margin % Historical Data

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

Exxon Mobil Annual Data
Trend Dec14 Dec15 Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23
Pretax Margin %
Get a 7-Day Free Trial Premium Member Only Premium Member Only 7.85 -16.17 11.29 19.50 15.77

Exxon Mobil Quarterly Data
Jun19 Sep19 Dec19 Mar20 Jun20 Sep20 Dec20 Mar21 Jun21 Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24
Pretax 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 20.09 14.43 15.47 13.01 15.38

Competitive Comparison of Exxon Mobil's Pretax Margin %

For the Oil & Gas Integrated subindustry, Exxon Mobil's Pretax Margin %, along with its competitors' market caps and Pretax 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 Pretax Margin % Distribution in the Oil & Gas Industry

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

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



Exxon Mobil Pretax Margin % Calculation

Pretax margin - also known as pretax profit margin is the ratio of Pretax Income divided by net sales or Revenue, usually presented in percent.

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

Pretax Margin=Pre-Tax Income (A: Dec. 2023 )/Revenue (A: Dec. 2023 )
=48402.011/306917.149
=15.77 %

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

Pretax Margin=Pre-Tax Income (Q: Mar. 2024 )/Revenue (Q: Mar. 2024 )
=11379.48/73978.12
=15.38 %

* 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.


Exxon Mobil  (WBO:XOM) Pretax Margin % Explanation

The pretax margin, as know as pretax profit margin, is widely used to measure the operating efficiency of a company before deducting taxes.

The pretax margin is sometimes preferred over the net margin as tax expenditures can make profitability comparisons between companies misleading.

It is a useful tool to compare companies operating in the same sector and less effective when comparing companies from other sectors as each industry generally has different operating expenses and sales patterns.

The long term trend of the pretax margin is a good indicator of the competitiveness and health of the business.


Exxon Mobil Pretax Margin % Related Terms

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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.

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