Earnings Analysis for XOM: Last 3 Years

1. Revenue Analysis:

Over the past three years, XOM’s Total Revenue and Operating Revenue have shown variability. As of the latest reporting period (Q1 2024), the Total and Operating Revenue stood at $80.41 billion, which is slightly down from Q4 2023’s $81.69 billion, but notably higher than earlier quarters like Q2 and Q3 of 2023. Gross Profit has also seen fluctuations, with a peak at $23.96 billion in Q1 2023 and a decrease to $18.9 billion by Q1 2024.

2. Cost Management:

The Cost of Revenue and Operating Expenses have been substantial, reflecting the scale of XOM’s operations. The Cost of Revenue was $61.5 billion in Q1 2024, slightly decreased from $63.98 billion in Q1 2023. Operating Expenses have remained consistently high but saw a decrease in the latest quarter, amounting to $9.0 billion. Total Expenses peaked in Q4 2023 at $73.45 billion but showed a slight reduction to $70.49 billion by Q1 2024.

3. Profitability Analysis:

XOM’s EBITDA in Q1 2024 was reported at $17.4 billion, a decrease from the high of $21.2 billion in Q1 2023. Operating Income mirrored this trend, decreasing from $14.04 billion in Q1 2023 to $9.92 billion in Q1 2024. Pretax Income and Net Income showed a declining trend in the latest quarter, standing at $12.37 billion and $8.22 billion respectively.

4. Cash Flow Indicators:

Reconciled Depreciation has been consistently significant, indicating large investment in fixed assets, with $4.81 billion reported in the most recent quarter. Interest Expense, a key indicator of financing activity, was $221 million in Q1 2024, reflecting ongoing financial obligations.

5. Taxation:

The effective Tax Rate has seen variations, marked at approximately 30.75% in the latest quarter. The Tax Provision was $3.8 billion in Q1 2024. Notably, there have been no recorded Unusual Tax Effects over the observed periods, suggesting standard tax operations.

6. Shareholder Metrics:

Earnings Per Share (EPS), both Diluted and Basic, have decreased to 2.06 in Q1 2024 from a high of 2.79 in Q1 2023. The Average Shares outstanding have remained relatively stable around the 4 billion mark. Net Income Available to Common Stockholders has notably decreased from $11.43 billion in Q1 2023 to $8.22 billion in Q1 2024.

7. Conclusion:

XOM has demonstrated robust operational scale albeit with some variability in profitability and revenue generation over the past year. Despite a reduction in some profitability metrics, the company maintains substantial operational capacity and financial management effectiveness. Investors may want to focus on the strategic initiatives XOM will adopt to manage costs and enhance profitability further.

8. Appendices:

This analysis is based on reported financial statements of XOM across multiple quarters ending from March 2023 to March 2024.