Edwyn
| Metric | 2020 | 2021 | 2022 | 2023 | 2024 |
|---|---|---|---|---|---|
| Revenue | $181,502 | $285,640 | $413,680 | $344,582 | $349,585 |
| Gross Profit | -$28,883 | $31,234 | $77,753 | $52,783 | $48,873 |
| Operating Income | N/A | N/A | N/A | N/A | N/A |
| Net Income | -$22,440 | $23,040 | $55,740 | $36,010 | $33,680 |
Over the five-year period, Exxon Mobil’s financial performance shows a dramatic turnaround from a challenging 2020 to a period of robust recovery followed by a slight pullback. In 2020, revenue was 181,502 million USD, accompanied by a negative gross profit and net income of –22,440 million USD. This situation reversed sharply in 2021, when revenue climbed by over 57% to 285,640 million USD, gross profit turned positive at 31,234 million USD, and net income swung to a positive 23,040 million USD. The momentum continued in 2022, with a roughly 45% increase in revenue to 413,680 million USD and net income reaching 55,740 million USD—indicating strong operational recovery and market rebound after the previous year’s setbacks. However, the period from 2022 to 2024 reveals a declining trend. Revenue dipped by about 16% in 2023 to 344,582 million USD, then showed only marginal improvement to 349,585 million USD in 2024. Similarly, gross profit decreased from 77,753 million USD in 2022 down to 48,873 million USD in 2024, and net income declined from 55,740 million USD to 33,680 million USD—a significant year-over-year drop of more than 20% between 2022 and 2023. These swings may reflect volatile market conditions typical for the energy industry, where commodity price fluctuations, regulatory changes, and shifts in demand can have marked effects on profitability. Overall, while Exxon Mobil recovered strongly post-2020 and achieved impressive gains until 2022, the more recent declines suggest emerging headwinds that warrant close monitoring to assess long-term financial sustainability.
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.