Quick answer: latest quarter results, by ticker or company name

Reported Q: Q1 2024 Rev YoY: -3.9% EPS YoY: -26.2% Move: -0.07%

Exxon Mobil Corporation

XOM

$160.67 -0.07%

Exchange NYSE Sector Energy Industry Oil Gas Integrated

Q1 2024

Published: Apr 29, 2024

Company Status Snapshot

Fast view of the latest quarter outcome for XOM

Reported

Report Date

Apr 29, 2024

Quarter Q1 2024

Revenue

80.41B

YoY: -3.9%

EPS

2.06

YoY: -26.2%

Market Move

-0.07%

Previous quarter: Q4 2023

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Earnings Highlights

Revenue of $80.41B down 3.9% year-over-year
EPS of $2.06 decreased by 26.2% from previous year
Gross margin of 23.5%
Net income of 8.22B
"We have created tremendous value through our operations and continue to strengthen the underlying earnings power of the company. - Darren Woods, CEO" - Darren Woods

XOM

Exxon Mobil Corporation

Period Q1 2024

Currency USD

Report Type Quarterly Earnings

Generated Apr 2, 2026

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Executive Summary

In the first quarter of 2024, Exxon Mobil Corporation reported earnings of $8.2 billion, reflecting a decline from the record earnings in the same quarter last year, primarily due to lower gas prices and increased maintenance costs. However, management emphasized a strong cash flow of $14.7 billion, driven by strategic investments in high-value projects and operational efficiencies. With a continued focus on structural cost savings, which have reached $10.1 billion since 2019, the company is well-positioned to enhance its earnings power and shareholder returns moving forward. Management expressed confidence in meeting their goal of $15 billion in savings by 2027, while also committing to significant shareholder distributions of $6.8 billion in the first quarter, including $3.8 billion in dividends.

Key Performance Indicators

Revenue

Decreasing

80.41B

QoQ: -1.56% | YoY: -3.87%

Gross Profit

Decreasing

18.91B

23.51% margin

QoQ: 6.80% | YoY: -21.09%

Operating Income

Decreasing

9.94B

QoQ: 17.53% | YoY: -30.04%

Net Income

Decreasing

8.22B

QoQ: 7.73% | YoY: -28.08%

EPS

Decreasing

2.06

QoQ: 7.29% | YoY: -26.16%

Revenue Trend

Margin Analysis

Financial Highlights

Revenue Analysis:
- Q1 2024 revenue was $80.4 billion, a decrease of 3.9% year-over-year (YoY) and 1.6% quarter-over-quarter (QoQ).
- Gross profit stood at $18.9 billion, reflecting a YoY decline of 21.1% but a QoQ increase of 6.8%.

Profitability Ratios:
- Operating income for Q1 2024 was reported at $9.9 billion, with an operating margin of 12.4%, marking a significant decrease of 30% YoY.
- The net income of $8.2 billion corresponds to a net profit margin of 10.2%, down from prior year performance.

Cash Flow and Balance Sheet:
- The first-quarter free cash flow was $10.1 billion, underpinning the company’s commitments to dividends and share repurchases.
- Net cash from operating activities was robust at $14.7 billion, indicating strong operational efficiency.
- Current ratio stood at 1.38 and net debt-to-capital decreased to 3%, demonstrating improved balance sheet health.

Income Statement

Metric	Value	YoY Change	QoQ Change
Revenue	80.41B	-3.87%	-1.56%
Gross Profit	18.91B	-21.09%	6.80%
Operating Income	9.94B	-30.04%	17.53%
Net Income	8.22B	-28.08%	7.73%
EPS	2.06	-26.16%	7.29%

Key Financial Ratios

Gross Profit Margin

Fair

23.50%

Gross profit margin is moderate, room for improvement in cost management

Operating Profit Margin

Fair

12.40%

Operating margin is moderate, room for improvement in cost management

Net Profit Margin

Good

10.20%

Net profit margin is healthy and competitive within industry standards

Return on Assets

Weak

2.18%

Return on assets suggests inefficient capital allocation

Return on Equity

Weak

4.00%

Return on equity suggests inefficient capital allocation

Current Ratio

Adequate

1.38

Current ratio meets minimum requirements but limited cushion

Debt to Equity

Conservative

0.20

Debt-to-equity shows conservative leverage and low financial risk

P/E Ratio

Value

14.23x

P/E ratio suggests potential undervaluation or stable earnings

Price to Book

Fair Value

2.28x

Price-to-book ratio reasonable for profitable companies

Historical Earnings Comparison

Period	Revenue ($M)	EPS ($)	YoY Growth	Report
Q4 2024	81,058.00	1.71	-0.8%	View
Q3 2024	87,792.00	1.93	-0.9%	View
Q2 2024	89,986.00	2.14	+11.4%	View
Q1 2024	80,411.00	2.06	-3.9%	View
Q4 2023	81,688.00	1.90	-14.7%	View

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Company Status Snapshot

Earnings Highlights

Executive Summary

Key Performance Indicators

Revenue Trend

Margin Analysis

Historical Earnings Comparison

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