ExxonMobil Holdings (XOM) FY2023 results: revenue $344.6 billion, down 16.7% on the year
ExxonMobil Holdings Corp. (XOM) reported revenue of $344.6 billion for fiscal 2023, the year ended 31 December 2023, down 16.7% on the year before. Net income was $36.0 billion, down 35.4%, and diluted earnings per share $8.89. The figures are the company's own, from the 10-K it filed with the SEC on 28 February 2024.
Revenue
$344.6 billion
-16.7% on the year
FY2016FY2023
Operating margin
15.3%
18.8% a year earlier
FY2016FY2023
Net income
$36.0 billion
-35.4% on the year
FY2016FY2023
Diluted EPS
$8.89
-33.0% on the year
FY2016FY2023
this yearthe year beforeHover a bar for its figure.
$ 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
FY2023
FY2022
FY2021
On the year
Last 8 years
Operating cash flow
55,369
76,797
48,129
-27.9%
Capital expenditure
21,919
18,407
12,076
+19.1%
Free cash flow
33,450
58,390
36,053
-42.7%
Free cash flow margin
9.7%
14.1%
12.6%
Cash from investing
-19,274
-14,742
-10,235
Cash from financing
-34,297
-39,114
-35,423
Depreciation and amortisation
20,641
24,040
20,607
-14.1%
Buybacks
17,748
15,155
155
+17.1%
Dividends paid
14,941
14,939
14,924
+0.0%
Dividend per share
$3.68
$3.55
$3.49
+3.7%
Diluted shares, weighted
4,052m
4,205m
4,275m
-3.6%
Shares outstanding at period end
3,971m
4,082m
4,239m
-2.7%
Balance sheet
$ million
FY2023
FY2022
FY2021
On the year
Last 8 years
Shareholders' equity
204,802
195,049
168,577
+5.0%
Non-controlling interest
7,736
7,424
7,106
+4.2%
Debt
41,573
41,193
47,704
+0.9%
Operating lease liabilities
4,393
4,067
3,823
+8.0%
Other liabilities
117,813
121,334
111,713
-2.9%
Total liabilities and equity
376,317
369,067
338,923
+2.0%
Fixed assets
214,940
204,692
216,552
+5.0%
Investments
177
278
138
-36.3%
Cash and equivalents
31,539
29,640
6,802
+6.4%
Receivables
30,296
32,844
26,883
-7.8%
Other assets
99,365
101,613
88,548
-2.2%
Total assets
376,317
369,067
338,923
+2.0%
10-K for the year ended 31 December 2023, filed 28 February 2024: the filing.