America’s largest publicly traded oil and gas company rose three spots on the Fortune 500. Riding a global windfall for the gas industry—in part the result of trade disruptions between Russia and Europe because of the war in Ukraine—Exxon Mobil saw a 45% increase in revenue in 2022 and earned $56 billion in profits.
- The company’s share price hit an intraday peak of $119 in February 2023, a record high since the two oil powerhouses, Exxon and Mobil, merged in 1999.
- After activist investors successfully won three seats on the oil company's board in 2021, the energy giant eventually committed $17 billion to low-carbon initiatives from 2022 to 2027. The company has continued to invest in fossil fuel production, increasing its output of crude oil, natural gas liquids, bitumen, and synthetic oil by 3% in 2022 compared with 2021.
William DeShazer—Chicago Tribune/Tribune News Service/Getty Images
Company Information
As of 6/5/23
Country/Territory
U.S.
Headquarters
Irving, Texas
Industry
Petroleum Refining
CEO
Darren W. Woods
Website
Company Type
Public
Ticker
XOM
Revenues ($M)
$413,680
Profits ($M)
$55,740
Market Value ($M)
$446,424
Employees
62,000
Excise taxes have been deducted. Market value as of March 31, 2023.
Key Financials (Last Fiscal Year)
$ millions
% change
Revenues ($M)
$413,680
44.8%
Profits ($M)
$55,740
141.9%
Assets ($M)
$369,067
-
Total Stockholder Equity ($M)
$195,049
-
Profit Ratios
Profit as % of Revenues
13.5%
Profits as % of Assets
15.1%
Profits as % of Stockholder Equity
28.6%
Earnings Per Share (Last Fiscal Year)
Earnings Per Share ($)
13.26
EPS % Change (from 2021)
146%
EPS % Change (5 year annual rate)
23.4%
EPS % Change (10 year annual rate)
3.2%
Total Return
Total Return to Investors (2022)
87%
Total Return to Investors (5 year, annualized)
11.4%
Total Return to Investors (10 year, annualized)
6.9%
Exxon Mobil Rank History
Historical Data
| Year | Revenues ($M) | Profits ($M) | Assets ($M) | Total Stockholder Equity ($M) |
|---|---|---|---|---|
| 2022 | $285,64057.4% | $23,040 | $338,923 | $168,577 |
| 2021 | $181,502-31.5% | $-22,440-256.5% | $332,750 | $157,150 |
| 2020 | $264,938-8.7% | $14,340-31.2% | $362,597 | $191,650 |
| 2019 | $290,21218.8% | $20,8405.7% | $346,196 | $191,794 |
| 2018 | $244,36317.4% | $19,710151.4% | $348,691 | $187,688 |
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