Gross Profit is the most basic measure of business operational efficiency. It is simply the difference between sales revenue and the cost associated with making a product or providing a service. It is calculated before deducting administrative expenses, taxes, and interest payments.
Gross Profit varies significantly from one sector to another and tells investor how much money a business would have made if it didn't have to pay any overhead expenses such as salary, taxes, or rent.
Exxon Gross Profit Assessment
According to company disclosure Exxon Mobil Corporation reported 178.62 B of gross profit. This is 976.91% higher than that of Basic Materials sector, and 3.53% lower than that of Major Integrated Oil and Gas industry, The Gross Profit for all stocks is 2560.75% lower than the firm.
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Exxon is rated second in gross profit category among related companies.
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