Business Description

Exxon Mobil Corporation is engaged in the development, exploration, and distribution of gas, oil, and petroleum products. John D. Rockefeller founded the company in 1882. It is located in Irving, Texas. It operates in the following segments: Chemical.  and Upstream. The Chemical segment provides petrochemicals. The Upstream segment produces natural gas and crude oils. The Downstream segment produces and trades petroleum products.

Key Financials

Revenue (US$ Mn)

• Exxon Mobil Corporation’s annual revenue for 2021 was US$ 2,76,692 Mn, a 54.95% increase from 2020
• The annual revenue generated by Exxon Mobil Corporation in 2020 was US$ 1,78,574 Mn
• At a -8.5% decrease from, Exxon Mobil Corporation’s annual revenue of US$ 2,55,583 Mn was indexed in 2019
• Exxon Mobil Corporation generated total revenue of US$ 2,79,332 Mn in 2018

Operating Income(US$ Mn)

• US$ 33,990 Mn was the operating income generated by Exxon Mobil Corporation in 2021
• Exxon Mobil Corporation’s operating income for 2020 was US$ -29,448 Mn, a -330.68% decrease from 2019
• From 2018’s operating incomes, Exxon Mobil Corporation registered a -42.3% decrease in 2019, amounting to US$ 12,766 Mn
• An operating income of US$ 22,124 Mn was generated in 2018 by Exxon Mobil Corporation

Net Income(US$ Mn)

• Exxon Mobil Corporation’s net income for 2021 was US$ 23,040 Mn, a -202.67% decrease from 2020
• The net income generated by Exxon Mobil Corporation in 2020 was US$ -22,440 Mn
• At a -31.19% decrease from, Exxon Mobil Corporation’s net income of US$ 14,340 Mn was indexed in 2019
• Exxon Mobil Corporation generated a net income of US$ 20,840 Mn in 2018

Operating Margin %

• 12% was the operating margin generated by Exxon Mobil Corporation in 2021
• Exxon Mobil Corporation’s operating margin for 2020 was -17%, a -430% decrease from 2019
• From 2018’s operating margins, Exxon Mobil Corporation registered a -36.71% decrease in 2019, amounting to 5%
• An operating margin of 8% was generated in 2018 by Exxon Mobil Corporation

Gross Margin %

• Exxon Mobil Corporation’s gross margin for 2021 was 9%, an 84.78% increase from 2020
• The gross margin generated by Exxon Mobil Corporation in 2020 was 5%
• At a -9.5% decrease from, Exxon Mobil Corporation’s gross margin of 22% was indexed in 2019
• Exxon Mobil Corporation generated a gross margin of 24% in 2018

SWOT Analysis

Strengths

Diversified geographic revenue stream

Exxon Mobil is present in many regions. The company’s revenue stream can be diversified by geography. Exxon Mobil segregates its geographical divisions into the US- and non-US. Non-US includes Canada, the UK, and Belgium. It also covers France, Germany, Italy, and France. Singapore, Germany, and many other countries.

The company earned 35.1% of its total revenues from the US in FY2019 and 64.9% from non-US countries. This gives the company a competitive edge and indicates that it can expand its revenue potential by using its global presence. Its worldwide presence also reduces the risk of economic and political instability in any country or region.

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