ExxonMobil Holdings (XOM) FY2018 results: revenue $290.2 billion, up 18.8% on the year
ExxonMobil Holdings Corp. (XOM) reported revenue of $290.2 billion for fiscal 2018, the year ended 31 December 2018, up 18.8% on the year before. Net income was $20.8 billion, up 5.7%, and diluted earnings per share $4.88. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2019.
Revenue
$290.2 billion
+18.8% on the year
FY2011FY2018
Operating margin
10.7%
7.6% a year earlier
FY2011FY2018
Net income
$20.8 billion
+5.7% on the year
FY2011FY2018
Diluted EPS
$4.88
+5.4% on the year
FY2011FY2018
this yearthe year beforeHover a bar for its figure.
The year in brief
Income statement (profit and loss)
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Revenue
290,212
244,363
200,628
+18.8%
Research and development
1,116
1,063
1,058
+5.0%
Selling, general and administrative
11,480
10,649
10,443
+7.8%
Operating income
30,953
18,674
483
+65.8%
Operating margin
10.7%
7.6%
0.2%
Interest expense
766
601
453
+27.5%
Pre-tax income
30,953
18,674
7,969
+65.8%
Income tax
9,532
-1,174
-406
Effective tax rate
30.8%
-6.3%
-5.1%
Net income
20,840
19,710
7,840
+5.7%
Net margin
7.2%
8.1%
3.9%
Diluted EPS
$4.88
$4.63
$1.88
+5.4%
$ million except per share. Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.
Cash flow
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Operating cash flow
36,014
30,066
22,082
+19.8%
Capital expenditure
19,574
15,402
16,163
+27.1%
Free cash flow
16,440
14,664
5,919
+12.1%
Free cash flow margin
5.7%
6.0%
3.0%
Cash from investing
-16,446
-15,730
-12,403
Cash from financing
-19,446
-15,130
-9,293
Depreciation and amortisation
18,745
19,893
22,308
-5.8%
Buybacks
626
747
977
-16.2%
Dividends paid
13,798
13,001
12,453
+6.1%
Dividend per share
$3.23
$3.06
$2.98
+5.6%
Diluted shares, weighted
4,270m
4,256m
4,177m
+0.3%
Shares outstanding at period end
4,237m
4,239m
4,148m
-0.0%
Balance sheet
$ million
FY2018
FY2017
FY2016
On the year
Last 8 years
Shareholders' equity
191,794
187,688
167,325
+2.2%
Non-controlling interest
6,734
6,812
6,505
-1.1%
Debt
20,538
27,866
30,660
-26.3%
Other liabilities
127,130
126,325
125,824
+0.6%
Total liabilities and equity
346,196
348,691
330,314
-0.7%
Fixed assets
247,101
252,630
244,224
-2.2%
Cash and equivalents
3,042
3,177
3,657
-4.2%
Receivables
19,638
21,274
16,033
-7.7%
Other assets
76,415
71,610
66,400
+6.7%
Total assets
346,196
348,691
330,314
-0.7%
10-K for the year ended 31 December 2018, filed 27 February 2019: the filing.