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ExxonMobil Holdings (XOM) FY2022 results: revenue $413.7 billion, up 44.8% on the year

ExxonMobil Holdings Corp. (XOM) reported revenue of $413.7 billion for fiscal 2022, the year ended 31 December 2022, up 44.8% on the year before. Net income was $55.7 billion, up 141.9%, and diluted earnings per share $13.26. The figures are the company's own, from the 10-K it filed with the SEC on 22 February 2023.

Revenue
$413.7 billion
+44.8% on the year
FY2015FY2022
Operating margin
18.8%
10.9% a year earlier
FY2015FY2022
Net income
$55.7 billion
+141.9% on the year
FY2015FY2022
Diluted EPS
$13.26
+146.0% on the year
FY2015FY2022

this yearthe year beforeHover a bar for its figure.

The year in brief

The four quarters: Q1 FY2022 · Q2 FY2022 · Q3 FY2022 · Q4 FY2022

Income statement (profit and loss)

$ millionFY2022FY2021FY2020On the yearLast 8 years
Revenue413,680285,640181,502+44.8%
Research and development8248431,016-2.3%
Selling, general and administrative10,0959,57410,168+5.4%
Operating income77,75331,234-28,883+148.9%
Operating margin18.8%10.9%-15.9%
Interest expense7989471,158-15.7%
Pre-tax income77,75331,234-28,883+148.9%
Income tax20,1767,636-5,632+164.2%
Effective tax rate25.9%24.4%n/a
Net income55,74023,040-22,440+141.9%
Net margin13.5%8.1%-12.4%
Diluted EPS$13.26$5.39-$5.25+146.0%
$ 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

$ millionFY2022FY2021FY2020On the yearLast 8 years
Operating cash flow76,79748,12914,668+59.6%
Capital expenditure18,40712,07617,282+52.4%
Free cash flow58,39036,053-2,614+62.0%
Free cash flow margin14.1%12.6%-1.4%
Cash from investing-14,742-10,235-18,459
Cash from financing-39,114-35,4235,285
Depreciation and amortisation24,04020,60746,009+16.7%
Buybacks15,155155405+9,677.4%
Dividends paid14,93914,92414,865+0.1%
Dividend per share$3.55$3.49$3.48+1.7%
Diluted shares, weighted4,205m4,275m4,271m-1.6%
Shares outstanding at period end4,082m4,239m4,233m-3.7%

Balance sheet

$ millionFY2022FY2021FY2020On the yearLast 8 years
Shareholders' equity195,049168,577157,150+15.7%
Non-controlling interest7,4247,1066,980+4.5%
Debt41,19347,70467,640-13.6%
Operating lease liabilities4,0673,823n/a+6.4%
Other liabilities121,334111,713100,980+8.6%
Total liabilities and equity369,067338,923332,750+8.9%
Fixed assets204,692216,552227,553-5.5%
Investments278138143+101.4%
Cash and equivalents29,6406,8024,364+335.8%
Receivables32,84426,88316,339+22.2%
Other assets101,61388,54884,351+14.8%
Total assets369,067338,923332,750+8.9%

10-K for the year ended 31 December 2022, filed 22 February 2023: the filing.