Edwyn
Over the analyzed period, Exxon Mobil’s revenue shows a marked recovery from 2020 through 2022, followed by a decline in 2023 and a modest recovery in 2024. In 2020, revenue stood at USD 181,502 million, increasing sharply by over 57% to USD 285,640 million in 2021—which may partly reflect a rebound from the pandemic’s adverse impact on energy demand. Revenue further climbed to USD 413,680 million in 2022, representing an additional increase of nearly 45% on a year-over-year basis. However, in 2023, revenue fell by around 17% to USD 344,582 million before slightly rebounding to USD 349,585 million in 2024. This swing may be attributable to fluctuating oil prices and evolving demand conditions in the energy sector. Gross profit trends follow a similar recovery pattern. The negative gross profit of USD –28,883 million in 2020 shifted to a positive USD 31,234 million in 2021, marking a significant turnaround. In 2022, gross profit increased to USD 77,753 million—a substantial year-over-year growth—before declining by roughly 32% in 2023 to USD 52,783 million and to USD 48,873 million in 2024. Net income mirrors these fluctuations: transitioning from a loss of USD –22,440 million in 2020 to a profit of USD 23,040 million in 2021, and then growing to USD 55,740 million in 2022. The decline in net income in 2023 and 2024 suggests potential pressures such as narrower margins or higher costs amid volatile market conditions. Overall, despite recent operational challenges reflected in declining profit figures, Exxon Mobil’s recovery from 2020 and subsequent profitability indicate resilience. However, the volatility in revenue and margins is a reminder of the inherent risks in the capital-intensive and market-sensitive energy industry.
This analysis is for informational purposes only and does not constitute financial advice or recommendations for any investment decisions. Please consult with a qualified financial professional for personalized guidance.