ExxonMobil’s operating revenue amounted to
approximately 178.6 billion U.S. dollars
in 2020. ExxonMobil is a United States-based multinational oil and gas corporation and has consistently been ranked among the largest companies worldwide based on revenue.
How much money did ExxonMobil make in 2018?
| Characteristic Revenue in million U.S. dollars | 2020 178,574 | 2019 255,583 | 2018 279,332 |
|---|
What is Exxon Mobil net worth?
What is Exxon’s net worth? Exxon’s net worth is
$350 billion
. Exxon, or Exxon Mobil, is a corporation focused on gas and mobile production based in Irving, Texas. The company was formed in 1999, when Exxon and Mobil were merged.
How much did ExxonMobil lose last quarter?
Exxon Mobil said Tuesday it lost
$20.1 billion
during the most recent quarter, its fourth-straight quarter of losses as the energy giant grapples with the pandemic’s impact on the industry.
How much is ExxonMobil debt?
As you can see below, Exxon Mobil had US$60.6b of debt in June 2021, down from US$69.5b a year prior. On the flip side, it has US$3.47b in cash leading to net debt of about
US$57.1b
.
Who is the richest oil company?
| Country Company Name Revenue 2017 (US$ billion) | Saudi Arabia Saudi Aramco 314.4 | Netherlands UK Royal Dutch Shell 265 | China China National Petroleum Corporation 299.1 | United Kingdom BP 222.8 |
|---|
Can Exxon go out of business?
While
it is unlikely that Exxon is going to go out of business anytime soon
, lingering low energy prices could lead to a dividend cut. … You might be better off with Chevron, which is on stronger financial footing, or Total, which is diversifying its business by adding electricity assets to its portfolio.
Is Exxonmobil losing money?
The company reported a
net annual loss of $22.4 billion for 2020
, on the writedown and losses in oil production and refining, compared with a full-year profit of $14.34 billion in 2019.
How much does Amazon make a year 2020?
In 2020, online retail platform Amazon reported a net income of
21.33 billion U.S. dollars
, up from a 11.6 billion U.S. dollar net income in the previous year. During the same fiscal period, the company’s revenue amounted to more than 386 billion U.S. dollars.
Why is XOM stock down?
As with other oil stocks to buy and watch, Exxon stock
will rise and fall with crude oil prices
. So even when Exxon looks good based on fundamentals and technicals, crude oil prices may suddenly plunge, taking XOM stock down too.
Does Exxon have debt?
Exxon paid
down $2.7 billion of debt
in the period but net borrowings still stand at about $57 billion, almost 20% higher than the first quarter of 2020.
Is Exxon Mobil stock a good investment?
In short, ExxonMobil reported
very strong Q2 results
, capping a very good first half of 2021. However, the market has not responded favorably to its Q2 performance, as its share price has slipped slightly since the news was released. The energy market is arguably as turbulent as it has ever been.
What is chevrons debt?
According to the Chevron’s most recent financial statement as reported on May 6, 2021, total debt is at $45.44 billion, with $40.60 billion in long-term debt and $4.84 billion in current debt. Adjusting for $7.08 billion in cash-equivalents, the company has a net debt of
$38.36 billion
.
Who owns most of the oil in the world?
- Venezuela – 304 billion barrels. …
- Saudi Arabia – 298 billion barrels. …
- Canada – 170 billion barrels. …
- Iran – 156 billion barrels. …
- Iraq – 145 billion barrels. …
- Russia – 107 billion barrels. …
- Kuwait – 102 billion barrels. …
- United Arab Emirates – 98 billion barrels.
Who owns the oil industry?
Contrary to popular belief, and what some politicians might say, America’s oil companies aren’t owned just by a small group of insiders. Only 2.9 percent of industry shares are owned by corporate management. The rest is
owned by tens of millions of Americans
, many of them middle class.
Who are the big 5 oil companies?
The supermajors are considered to be
BP, Chevron, Eni, ExxonMobil, Royal Dutch Shell, TotalEnergies, and ConocoPhillips
. The term, analogous to others such as Big Steel and Big Tech that describe industries dominated by a few giant corporations, was popularized in print from the late 1960s.
