Quarter Ended WebTotal Revenue 398,675,000 398,675,000 285,640,000 181,502,000 264,938,000 Cost of Revenue 295,608,000 295,608,000 211,806,000 170,447,000 199,625,000 Gross Profit This is because debt is a riskier way to value a company than equity because debt must be repaid at maturity. Effective tax rates were calculated by dividing the current U.S. federal income tax expense that companies reported to the SEC by their U.S earnings before federal income taxthat is, U.S. pretax earnings less state and local current income tax expense. I am not receiving compensation for it (other than from Seeking Alpha). Results included unfavorable identified items of approximately $200 million associated with additional European taxes on the energy sector. This ratio tells us the degree to which a company is financing its operations with debt as opposed to wholly-owned funds. dataLayer.push({"event": "signup_submit", "form_detail":"enSubscribeSlideUp"}); statistic alerts) please log in with your personal account. As of the time of writing, the stock yields 3.08%, which is certainly higher than the paltry 1.55% yield currently being offered by the S&P 500 Index (SPY). I am not receiving compensation for it (other than from Seeking Alpha). { document.getElementById('search-form').focus(); }, 300);">. How ExxonMobil Makes Money: Upstream, Downstream, Chemical Exxon Mobil reported total revenue of $86.564 billion in the first quarter of 2023. Box 43006 Providence, RI 02940-3006 T: 1-800-252-1800 (within the United States and Canada) T: 1-781-575-2058 (Outside the United States and Canada). This is something that we also saw in the, of other traditional energy companies that have reported, such as Pioneer Natural Resources (, It should be fairly obvious that this will reduce Exxon Mobils financial performance. } After all, lower energy prices mean that the company was forced to sell its products for less than it did during the prior-year quarter. Revenue of XOM during the year 2021 = $285.64 Billion. Their actual corporate income tax returns are not made publicly available. In addition to lowering its own greenhouse gas emissions, ExxonMobil announced a new partnership for carbon capture and storage with industrial gas company Linde earlier this month. ExxonMobils 10-K did not distinguish the current and deferred portions of its state and local tax expense nor the small amount of U.S. tax it reported on non-U.S. operations; the calculation above treats both as current income tax expense, but neither have a significant impact on the companys U.S. federal income tax expense. Exxon Net Income 2010-2022 | XOM | MacroTrends Exxon Mobil (XOM) - Revenue
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