Exxon Income Statement Research

XOM Stock

USD 120.56 0.68 0.57%

Most accounts from Exxon's income statement are interrelated and interconnected. However, analyzing income statement accounts one by one will only give a small insight into Exxon Mobil Corp current financial condition. On the other hand, looking into the entire matrix of income statement accounts, and analyzing their relationships over time can provide a more complete picture of the company financial strength now and in the future. Check out Exxon Valuation and Exxon Correlation analysis.

At this time, Exxon's Non Operating Income Net Other is very stable compared to the past year. As of the 23rd of April 2024, Tax Provision is likely to grow to about 16.2 B, while Interest Expense is likely to drop about 1.9 B.

	2021	2022	2023	2024 (projected)
Interest Expense	947M	798M	2.0B	1.9B
Depreciation And Amortization	19.4B	19.5B	20.6B	12.2B

Interest Expense Depreciation And Amortization

Exxon income statement Correlations

	Depreciation And Amortization	Interest Expense	Total Revenue	Gross Profit	Other Operating Expenses	Operating Income	Ebit	Ebitda	Cost Of Revenue	Total Operating Expenses	Income Before Tax	Total Other Income Expense Net	Net Income	Income Tax Expense	Selling General Administrative	Research Development	Extraordinary Items	Minority Interest	Net Income From Continuing Ops	Non Recurring	Non Operating Income Net Other	Tax Provision	Interest Income	Net Interest Income	Reconciled Depreciation	Selling And Marketing Expenses
Depreciation And Amortization		0.22	0.34	0.25	0.44	0.1	0.1	0.29	0.38	0.51	0.03	-0.12	0.09	-0.01	0.29	0.57	-0.06	0.11	-0.22	-0.61	-0.35	-0.07	-0.08	-0.4	0.22	-0.03
Interest Expense	0.22		-0.15	-0.26	-0.13	-0.04	-0.04	0.0	-0.09	-0.24	-0.17	-0.35	-0.11	-0.2	-0.08	-0.06	-0.74	-0.39	-0.2	-0.76	-0.51	0.45	0.12	-0.77	0.36	0.36
Total Revenue	0.34	-0.15		0.94	0.98	0.89	0.89	0.92	0.99	0.49	0.89	0.7	0.84	0.89	0.72	0.29	0.29	-0.04	0.67	0.05	0.59	0.38	0.49	0.22	-0.27	0.16
Gross Profit	0.25	-0.26	0.94		0.9	0.82	0.82	0.84	0.87	0.57	0.87	0.74	0.81	0.87	0.72	0.3	0.35	0.01	0.65	0.13	0.65	0.34	0.39	0.28	-0.26	-0.01
Other Operating Expenses	0.44	-0.13	0.98	0.9		0.81	0.81	0.86	0.98	0.59	0.8	0.59	0.74	0.85	0.77	0.38	0.29	-0.05	0.54	0.03	0.57	0.27	0.38	0.15	-0.17	0.12
Operating Income	0.1	-0.04	0.89	0.82	0.81		1.0	0.98	0.88	0.11	0.96	0.65	0.94	0.85	0.4	-0.1	0.06	-0.13	0.88	-0.02	0.5	0.67	0.74	0.18	-0.33	0.21
Ebit	0.1	-0.04	0.89	0.82	0.81	1.0		0.98	0.88	0.11	0.96	0.65	0.94	0.85	0.4	-0.1	0.06	-0.13	0.88	-0.02	0.5	0.67	0.74	0.18	-0.33	0.21
Ebitda	0.29	0.0	0.92	0.84	0.86	0.98	0.98		0.92	0.2	0.92	0.6	0.92	0.81	0.44	0.01	0.04	-0.1	0.81	-0.14	0.41	0.63	0.7	0.1	-0.27	0.2
Cost Of Revenue	0.38	-0.09	0.99	0.87	0.98	0.88	0.88	0.92		0.43	0.87	0.64	0.82	0.86	0.69	0.28	0.24	-0.07	0.65	0.02	0.55	0.38	0.52	0.18	-0.27	0.23
Total Operating Expenses	0.51	-0.24	0.49	0.57	0.59	0.11	0.11	0.2	0.43		0.11	0.08	0.02	0.4	0.74	0.65	0.36	0.05	-0.22	0.1	0.38	-0.38	-0.44	-0.04	0.36	-0.44
Income Before Tax	0.03	-0.17	0.89	0.87	0.8	0.96	0.96	0.92	0.87	0.11		0.84	0.98	0.86	0.47	-0.02	0.24	-0.03	0.93	0.12	0.59	0.61	0.75	0.38	-0.53	0.31
Total Other Income Expense Net	-0.12	-0.35	0.7	0.74	0.59	0.65	0.65	0.6	0.64	0.08	0.84		0.81	0.67	0.47	0.14	0.52	0.15	0.79	0.35	0.61	0.35	0.59	0.66	-0.77	0.41
Net Income	0.09	-0.11	0.84	0.81	0.74	0.94	0.94	0.92	0.82	0.02	0.98	0.81		0.74	0.37	-0.04	0.2	0.04	0.94	0.01	0.43	0.67	0.79	0.35	-0.58	0.33
Income Tax Expense	-0.01	-0.2	0.89	0.87	0.85	0.85	0.85	0.81	0.86	0.4	0.86	0.67	0.74		0.64	0.05	0.26	-0.21	0.69	0.28	0.83	0.35	0.48	0.29	-0.16	0.13
Selling General Administrative	0.29	-0.08	0.72	0.72	0.77	0.4	0.4	0.44	0.69	0.74	0.47	0.47	0.37	0.64		0.71	0.37	-0.04	0.14	0.16	0.53	0.0	-0.07	0.13	-0.03	0.0
Research Development	0.57	-0.06	0.29	0.3	0.38	-0.1	-0.1	0.01	0.28	0.65	-0.02	0.14	-0.04	0.05	0.71		0.29	0.36	-0.3	-0.04	-0.03	-0.31	-0.39	-0.03	-0.01	-0.04
Extraordinary Items	-0.06	-0.74	0.29	0.35	0.29	0.06	0.06	0.04	0.24	0.36	0.24	0.52	0.2	0.26	0.37	0.29		0.39	0.16	0.7	0.46	-0.46	-0.05	0.85	-0.38	0.04
Minority Interest	0.11	-0.39	-0.04	0.01	-0.05	-0.13	-0.13	-0.1	-0.07	0.05	-0.03	0.15	0.04	-0.21	-0.04	0.36	0.39		0.0	0.27	-0.23	-0.29	-0.17	0.36	-0.34	-0.08
Net Income From Continuing Ops	-0.22	-0.2	0.67	0.65	0.54	0.88	0.88	0.81	0.65	-0.22	0.93	0.79	0.94	0.69	0.14	-0.3	0.16	0.0		0.17	0.49	0.67	0.84	0.45	-0.63	0.35
Non Recurring	-0.61	-0.76	0.05	0.13	0.03	-0.02	-0.02	-0.14	0.02	0.1	0.12	0.35	0.01	0.28	0.16	-0.04	0.7	0.27	0.17		0.66	-0.44	-0.12	0.76	-0.28	-0.09
Non Operating Income Net Other	-0.35	-0.51	0.59	0.65	0.57	0.5	0.5	0.41	0.55	0.38	0.59	0.61	0.43	0.83	0.53	-0.03	0.46	-0.23	0.49	0.66		-0.01	0.2	0.52	-0.18	-0.02
Tax Provision	-0.07	0.45	0.38	0.34	0.27	0.67	0.67	0.63	0.38	-0.38	0.61	0.35	0.67	0.35	0.0	-0.31	-0.46	-0.29	0.67	-0.44	-0.01		0.79	-0.15	-0.3	0.38
Interest Income	-0.08	0.12	0.49	0.39	0.38	0.74	0.74	0.7	0.52	-0.44	0.75	0.59	0.79	0.48	-0.07	-0.39	-0.05	-0.17	0.84	-0.12	0.2	0.79		0.27	-0.54	0.65
Net Interest Income	-0.4	-0.77	0.22	0.28	0.15	0.18	0.18	0.1	0.18	-0.04	0.38	0.66	0.35	0.29	0.13	-0.03	0.85	0.36	0.45	0.76	0.52	-0.15	0.27		-0.66	0.21
Reconciled Depreciation	0.22	0.36	-0.27	-0.26	-0.17	-0.33	-0.33	-0.27	-0.27	0.36	-0.53	-0.77	-0.58	-0.16	-0.03	-0.01	-0.38	-0.34	-0.63	-0.28	-0.18	-0.3	-0.54	-0.66		-0.48
Selling And Marketing Expenses	-0.03	0.36	0.16	-0.01	0.12	0.21	0.21	0.2	0.23	-0.44	0.31	0.41	0.33	0.13	0.0	-0.04	0.04	-0.08	0.35	-0.09	-0.02	0.38	0.65	0.21	-0.48

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Exxon Account Relationship Matchups

Exxon income statement Accounts

	2019	2020	2021	2022	2023	2024 (projected)
Interest Expense	830M	1.2B	947M	798M	2.0B	1.9B
Total Revenue	259.5B	179.8B	279.0B	402.2B	333.7B	256.0B
Gross Profit	81.1B	57.2B	90.0B	133.7B	82.3B	95.6B
Operating Income	15.5B	(4.0B)	26.8B	71.6B	43.4B	25.8B
Ebit	15.5B	(4.0B)	26.8B	71.6B	43.4B	25.8B
Ebitda	34.4B	17.0B	46.2B	91.1B	64.0B	38.0B
Cost Of Revenue	178.4B	122.6B	188.9B	268.5B	251.4B	160.4B
Income Before Tax	20.1B	(28.9B)	31.2B	77.8B	52.8B	32.1B
Net Income	14.3B	(22.4B)	23.0B	55.7B	36.0B	20.1B
Income Tax Expense	5.3B	5.6B	7.6B	20.2B	15.4B	12.2B
Research Development	1.2B	1.0B	843M	824M	879M	978.8M
Extraordinary Items	740M	25M	53M	(30M)	(27M)	(25.7M)
Minority Interest	434M	(811M)	(558M)	1.8B	(1.3B)	(1.3B)
Non Recurring	1.3B	1.3B	1.1B	1.0B	922.5M	1.3B
Tax Provision	5.3B	(5.6B)	7.6B	20.2B	15.4B	16.2B
Interest Income	4.6B	574M	5.7B	10.7B	12.3B	6.1B
Net Interest Income	(830M)	(1.2B)	(947M)	(798M)	(849M)	(891.5M)

Exxon Investors Sentiment

The influence of Exxon's investor sentiment on the probability of its price appreciation or decline could be a good factor in your decision-making process regarding taking a position in Exxon. The overall investor sentiment generally increases the direction of a stock movement in a one-year investment horizon. However, the impact of investor sentiment on the entire stock market does not have solid backing from leading economists and market statisticians.

Investor biases related to Exxon's public news can be used to forecast risks associated with an investment in Exxon. The trend in average sentiment can be used to explain how an investor holding Exxon can time the market purely based on public headlines and social activities around Exxon Mobil Corp. Please note that most equities that are difficult to arbitrage are affected by market sentiment the most.

Exxon's market sentiment shows the aggregated news analyzed to detect positive and negative mentions from the text and comments. The data is normalized to provide daily scores for Exxon's and other traded tickers. The bigger the bubble, the more accurate is the estimated score. Higher bars for a given day show more participation in the average Exxon's news discussions. The higher the estimated score, the more favorable is the investor's outlook on Exxon.

Exxon Implied Volatility

29.83

Exxon's implied volatility exposes the market's sentiment of Exxon Mobil Corp stock's possible movements over time. However, it does not forecast the overall direction of its price. In a nutshell, if Exxon's implied volatility is high, the market thinks the stock has potential for high price swings in either direction. On the other hand, the low implied volatility suggests that Exxon stock will not fluctuate a lot when Exxon's options are near their expiration.

Some investors attempt to determine whether the market's mood is bullish or bearish by monitoring changes in market sentiment. Unlike more traditional methods such as technical analysis, investor sentiment usually refers to the aggregate attitude towards Exxon in the overall investment community. So, suppose investors can accurately measure the market's sentiment. In that case, they can use it for their benefit. For example, some tools to gauge market sentiment could be utilized using contrarian indexes, Exxon's short interest history, or implied volatility extrapolated from Exxon options trading.

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Analyzing currently trending equities could be an opportunity to develop a better portfolio based on different market momentums that they can trigger. Utilizing the top trending stocks is also useful when creating a market-neutral strategy or pair trading technique involving a short or a long position in a currently trending equity.

GOOG	Alphabet Inc Class C
DD	Dupont De Nemours
C	Citigroup

When determining whether Exxon Mobil Corp is a strong investment it is important to analyze Exxon's competitive position within its industry, examining market share, product or service uniqueness, and competitive advantages. Beyond financials and market position, potential investors should also consider broader economic conditions, industry trends, and any regulatory or geopolitical factors that may impact Exxon's future performance. For an informed investment choice regarding Exxon Stock, refer to the following important reports:

How To Invest In Exxon

Details

Is Exxon Stock a good investment?

Details

What is Exxon's Net Worth?

Details

Largest Oil, Gas & Consumable Fuels Companies

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Largest Oil & Gas Integrated Companies

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Check out Exxon Valuation and Exxon Correlation analysis.

You can also try the Odds Of Bankruptcy module to get analysis of equity chance of financial distress in the next 2 years.

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When running Exxon's price analysis, check to measure Exxon's market volatility, profitability, liquidity, solvency, efficiency, growth potential, financial leverage, and other vital indicators. We have many different tools that can be utilized to determine how healthy Exxon is operating at the current time. Most of Exxon's value examination focuses on studying past and present price action to predict the probability of Exxon's future price movements. You can analyze the entity against its peers and the financial market as a whole to determine factors that move Exxon's price. Additionally, you may evaluate how the addition of Exxon to your portfolios can decrease your overall portfolio volatility.

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Is Exxon's industry expected to grow? Or is there an opportunity to expand the business' product line in the future? Factors like these will boost the valuation of Exxon. If investors know Exxon will grow in the future, the company's valuation will be higher. The financial industry is built on trying to define current growth potential and future valuation accurately. All the valuation information about Exxon listed above have to be considered, but the key to understanding future value is determining which factors weigh more heavily than others.

Quarterly Earnings Growth

(0.38)

Dividend Share

3.68

Earnings Share

8.9

Revenue Per Share

83.488

Quarterly Revenue Growth

(0.12)

The market value of Exxon Mobil Corp is measured differently than its book value, which is the value of Exxon that is recorded on the company's balance sheet. Investors also form their own opinion of Exxon's value that differs from its market value or its book value, called intrinsic value, which is Exxon's true underlying value. Investors use various methods to calculate intrinsic value and buy a stock when its market value falls below its intrinsic value. Because Exxon's market value can be influenced by many factors that don't directly affect Exxon's underlying business (such as a pandemic or basic market pessimism), market value can vary widely from intrinsic value.

Please note, there is a significant difference between Exxon's value and its price as these two are different measures arrived at by different means. Investors typically determine if Exxon is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Exxon's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.

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Exxon Income Statement Research

Exxon income statement Correlations

Exxon Account Relationship Matchups

High Positive Relationship

High Negative Relationship

Exxon income statement Accounts

Exxon Investors Sentiment

Exxon Implied Volatility

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COMMON DESTINATIONS

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COMPANY

Ebit	+ 1.0	Operating Income
Cost Of Revenue	+ 0.99	Total Revenue
Other Operating Expenses	+ 0.98	Total Revenue
Cost Of Revenue	+ 0.98	Other Operating Expenses
Ebitda	+ 0.98	Operating Income
Ebitda	+ 0.98	Ebit

Reconciled Depreciation	- 0.77	Total Other Income Expense Net
Net Interest Income	- 0.77	Interest Expense
Non Recurring	- 0.76	Interest Expense
Extraordinary Items	- 0.74	Interest Expense
Reconciled Depreciation	- 0.66	Net Interest Income
Reconciled Depreciation	- 0.63	Net Income From Continuing Ops