XOM Q2 2023 Earnings — Income Statement Breakdown
For its Q2 2023 period (ending 2023-06-30), XOM reported revenue of $80.8B, gross profit of $0 (0.0% gross margin), operating income of —, and net income of $7.9B (9.8% net margin). The flow of revenue into costs and profit is visualized below.
What changed
XOM was profitable; revenue fell 27.4% year over year.
| Comparison | Revenue | Net income | Net margin |
|---|---|---|---|
| Year over year | −27.4% | −55.9% | Not available |
| Quarter over quarter | −3.4% | −31.1% | Not available |
Consensus estimate data is not available for this report.
XOM Q2 2023 Income Statement
| Line item | Amount (USD) | % of revenue |
|---|---|---|
| Revenue | $80.8B | 100% |
| Cost of Revenue | — | 0.0% |
| Gross Profit | — | 0.0% |
| Research & Development | — | 0.0% |
| Selling, General & Administrative | −$2.4B | 3.0% |
| Operating Income | — | 0.0% |
| Interest Expense | −$249M | 0.3% |
| Other Income, net | $11.6B | 14.4% |
| Income Tax Expense | −$3.5B | 4.3% |
| Net Income | $7.9B | 9.8% |
Source: original SEC filing (filed 2023-07-28). Accession 0000034088-23-000046. Data normalized by EarningsFyi.