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According to Zacks Investment Research, Exxon Mobil will grow its earnings per share at a 21.38% rate over the next three to five years. Some companies on this list have noncontrolling interests that are essentially insignificant for their effective tax rate. A full list of supporters is available, 4 Things Bank Regulators Can Do to Help Prevent Bank Failures, DACA Boosts Recipients Well-Being and Economic Contributions: 2022 Survey Results, 5 Things To Know About the Child Care for Working Families Act, Speaker McCarthys Debt Ceiling Proposal Would Undo Benefits of Inflation Reduction Act. Exxon Mobil (XOM) - Revenue - CompaniesMarketCap.com ", The company had flagged gains from asset sales and a $752 million, or 17 cents a share, hit to upstream results from impairment charges. ExxonMobil Stocks making the biggest moves premarket: SNAP, INTC, FSLR, Exxon Mobil Corporation Earnings benefited from an 80% increase in oil prices and doubling of natural gas prices compared to 2020. Revenue of XOM during the year 2021 = $285.64 Billion. Exxon Mobil reported total revenue of $86.564 billion in the first quarter of 2023. Indeed, that did happen following the announcement of the production cuts, but it did not last as recession fears continue to weigh on the market. At Energy Profits in Dividends, we seek to generate a 7%+ income yield by investing in a portfolio of energy stocks while minimizing our risk of principal loss. Those results came even with oil prices meaningfully lower and a drop in total revenue. This represents a 108.58% increase over the $5.480 billion that the company reported in the first quarter of 2022. As my long-time readers are no doubt well aware, it is my usual practice to share the highlights from a companys earnings report before delving into an analysis of its results. Are you interested in testing our business solutions? ExxonMobil - statistics & facts | Statista 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. Income statements, balance sheets, cash flow statements and key ratios. Exxon Mobil Exxon Mobil Revenue Growth Rates (XOM), Current *Average returns of all recommendations since inception. As the company lowers its share count, its dividend payments will also take less out of its cash flow. Exxon net profit margin for the three months ending December 31, 2022 was . A continuation of high oil prices would "cause us to increase the pace of the share repurchase program," Chief Financial Officer Kathryn Mikells said. For complete information regarding our financials and a reconciliation of GAAP to Non-GAAP results, see our periodic filings and financial results. A year earlier it earned $5.48 billion, or $1.28 per share. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services. These 19 Fortune 100 Companies Paid Next to Nothingor