Market Mad House

In individuals, insanity is rare; but in groups, parties, nations and epochs, it is the rule. Friedrich Nietzsche

Exxon-Mobil (XOM)


How Much Money Did Exxon-Mobil (XOM) make in 2021?

Impressively, Exxon-Mobil (XOM) shows impressive revenue growth. For example, Stockrow estimates Exxon-Mobil’s revenues grew by 82.56% in the quarter ending on 31 December 2021.

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The Death Spiral

Can Exxon-Mobil still make money from oil?

The Exxon-Mobil Corporation (NYSE: XOM) makes money from oil, financial numbers show. For example, Exxon-Mobil reported quarterly revenues of $67.742 billion and a quarterly gross profit of $6.307 billion on 30 June 2021.

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Will the Oil Glut Sink Exxon-Mobil (XOM)?

A related problem is that oil is a sideline for both the United States and China. Thus, political leaders in those countries have no incentive to raise or lower oil prices.

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Long IdeasOpportunities

Is Exxon-Mobil (XOM) Making Money?

Money rather than moral outrage is the probable motivation for the lawsuits. Exxon-Mobil’s (XOM) financial numbers indicate the company is generating a lot of money.

For example, Exxon-Mobil reports a free cash flow of $2.853 billion; and an operating cash flow of $7.78 billion, for 2nd Quarter 2018. Moreover, Exxon-Mobil earned a $23.799 billion gross profit on $73.501 billion in revenues during the 2nd Quarter.

Exxon-Mobile received a $3.95 billion net income and a $6.659 billion in operating income in 2nd Quarter 2018. However, Exxon-Mobile had only $3.43 billion in cash and short-term investments on June 30, 2018.

Therefore, Exxon-Mobil is not making that much money for a company that generated $244.363 billion in revenue in 2017. Exxon-Mobil generates a lot of revenues but it does not keep that much money in the bank.

Another problem is that Exxon-Mobil’s high revenue growth (26.56% in 2nd Quarter 2018) is not translating into cash. The return on Exxon-Mobil’s revenues is low.

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