ExxonMobil Corporation
CorpDigest
ExxonMobil Corporation
Financial Performance
Last reviewed: June 2026 · By Swet Parvadiya
Revenue
$394B
Market Cap
$498.0B
Net Income
$33.7B
Employees
61,000
In fiscal year 2022, the company reported revenues of approximately 398 billion dollars and net income of nearly 55.7 billion dollars — shattering its own prior records and generating more profit in a single year than most Fortune 500 companies produce in a decade. By fiscal year 2024, revenues had settled to approximately 394 billion dollars, reflecting a normalization of energy prices from the post-pandemic commodity surge, while net income came in at approximately 33.7 billion dollars. With fiscal year 2024 revenues of approximately 394 billion dollars and net income of approximately 33.7 billion dollars, ExxonMobil remains a dominant force in global energy. ExxonMobil Corporation is a Oil & Gas / Energy company with $394B in 2024 revenue and 61K employees worldwide. Fiscal year 2021 produced net income of approximately 23.0 billion dollars, fiscal year 2022 produced a record 55.7 billion dollars — more profit than Apple generated in the same year — and fiscal year 2023 settled at approximately 36.0 billion dollars as energy prices normalized. Fiscal year 2024 came in at approximately 33.7 billion dollars in net income on revenues of approximately 394 billion dollars, with earnings supported by growing Permian production volumes partially offset by lower oil prices averaging approximately 80 dollars per barrel for Brent crude.
Revenue Trend Analysis
YoY Change
+17.7%
4-Year CAGR
+21.9%
Peak Year
2022
Trend
Consistent Growth
ExxonMobil Corporation has reported revenue across 5 fiscal years, compounding at +21.9% annually over 4 years. The most recent year saw a 17.7% increase versus the prior year. Revenue peaked in 2022 at $398.7B. Out of 4 reported periods, 3 showed growth and 1 showed a decline.
| Fiscal Year | Revenue | Net Income | YoY Change |
|---|---|---|---|
| FY2024 | $394.0B | $33.7B | +17.7% |
| FY2023 | $334.7B | — | -16.0% |
| FY2022 | $398.7B | — | +44.1% |
| FY2021 | $276.7B | — | +54.9% |
| FY2020 | $178.6B | — | — |
Source: SEC EDGAR filings, annual earnings releases, and verified financial disclosures.
Click any row to see year details.
ExxonMobil reported net income of approximately 55.7 billion dollars in fiscal year 2022 on revenues near 398 billion dollars, the largest annual profit in its history. The result reflected post-pandemic demand recovery and supply disruptions tied to the Russian invasion of Ukraine. It exceeded the profit Apple generated that same year.
In fiscal year 2023 net income settled to approximately 36.0 billion dollars on revenues of roughly 334.7 billion dollars as energy prices normalized from the 2022 surge. That was well below the record 55.7 billion dollars posted in 2022. The decline reflected softer commodity prices rather than lower production.
In fiscal year 2024 ExxonMobil's Upstream segment earned about 23.4 billion dollars, Energy Products about 6.7 billion dollars, and Chemical Products about 1.1 billion dollars. Total net income was approximately 33.7 billion dollars on revenues near 394 billion dollars. Chemical results were pressured by global polyolefin overcapacity.
At year-end 2024 ExxonMobil carried approximately 26.2 billion dollars in long-term debt and about 40.4 billion dollars in total debt against total assets of roughly 376 billion dollars. This supports its investment-grade credit ratings and financial flexibility. The company also executed a 2024 capital program of around 22 billion dollars.
ExxonMobil has identified approximately 11 billion dollars in structural cost savings since 2019, meaning permanent reductions rather than deferred spending. These came from workforce restructuring, supply chain consolidation, and technology-enabled optimization. Management targets about 20 billion dollars in incremental earnings by 2030 relative to 2019.
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CorpDigest. "ExxonMobil Corporation Revenue & Financials." CorpDigest, https://corpdigest.com/company/exxonmobil/financials.<div style="font-family:system-ui,sans-serif;font-size:14px;line-height:1.5;border:1px solid #e2e8f0;border-radius:8px;padding:12px 16px;max-width:520px"><strong>ExxonMobil Corporation reported $394B in revenue (FY2024).</strong><br>Source: <a href="https://corpdigest.com/company/exxonmobil/financials" target="_blank" rel="noopener">CorpDigest — ExxonMobil Corporation financials</a></div>