Exxon Mobile

Abstract This paper provides an overview of the company Exxon Mobil Corporation (XOM), which is one of the leading companies in the oil and gas industry. The main focus of the paper is on the income statement of the company and the overview includes the company’s sales, cost of goods sold, gross income, net income available for common and selling, general, and administrative from the year 2008 to 2012.

Business Description Exxon Mobil Corporation (XOM) is one of the leading companies in the oil and gas industry. They are the manufacturer and marketer of commodity petrochemicals which also includes olefins, aromatics, polyethylene and polypropylene plastics and a range of specialty products. Their main business is “energy, involving exploration for, and production of, crude oil and natural gas, manufacture of petroleum products and transportation and sale of crude oil, natural gas and petroleum products” (Thomson One, 2013).

The company has several divisions and is affiliated with several companies which include the names “ExxonMobil, Exxon, Esso or Mobil” (Thomson One, 2013). The divisions and the companies which are affiliated with Exxon Mobil operate and market their products in the United States and other parts of the world (Thomson One, 2013). Income statement overview:

An overview of the income statement of Exxon Mobil Corporation is given below. Sales The table below illustrates the sales of Exxon Mobil Corporation from the year end 31st December 2008 to 31st December 2012. Sales 12/31/12$420,710,000.00 12/31/11433,526,000.00 12/31/10341,578,000.00 12/31/09275,564,000.00 12/31/08425,071,000.00 (Thomson One, 2013) In the year 2008 Exxon Mobil’s sales was $425,071,000 but the next year the trend was negative as the 2009 sales decreased to $275,564,000. The next two years the sales trend was positive. In 2010 Exxon Mobile saw an increase in its sales which was $341,578,000 and 2011 the sales was $433,526,000. The year end 2012 saw a slight fall in sales and it was $420,710,000 (Thomson One, 2013). Cost of goods sold

The table below illustrates the cost of goods sold of Exxon Mobil Corporation from the year end 31st December 2008 to 31st December 2012. Cost of goods sold 12/31/12$305,510,000.00 12/31/11308,752,000.00 12/31/10235,895,000.00 12/31/09187,854,000.00 12/31/08288,810,000.00

(Thomson One, 2013) In 2008 the cost of goods sold was $288,810,000. The next year the trend of the company’s cost of goods sold was downward sloping and the cost of goods sold for the year 2009 was $288,810,000. The years 2010 and 2011 saw an upward trend and the cost of goods sold was $235,895,000 and $308,752,000 respectively. There was a slight fall next year and the cost of goods sold for the year end 2012 was $305,510,000 (Thomson One, 2013).

Gross income The table below illustrates the gross income of Exxon Mobil Corporation from the year end 31st December 2008 to 31st December 2012.

Gross income 12/31/12$99,316,000.00 12/31/11109,191,000.00 12/31/1090,923,000.00 12/31/0975,793,000.00 12/31/08123,882,000.00

(Thomson One, 2013) In the year 2008, Exxon Mobil Corporation had a gross income of $123,882,000. The trend of the following two years was downward sloping and the gross profit for 2009 and 2010 was $75,793,000 and $90,923,000 respectively. The trend of 2011 was slightly positive which was $109,191,000 but it fell slightly by next year and in 2012 the gross income was $99,316,000 (Thomson One, 2013). Selling, general, and administrative

The table below illustrates the selling, general, and administrative expenses of Exxon Mobil Corporation from the year end 31st December 2008 to 31st December 2012.

Selling, general, and administrative. 12/31/12$13,877,000.00 12/31/1114,983,000.00 12/31/1014,683,000.00 12/31/0914,735,000.00 12/31/0815,873,000.00

(Thomson One, 2013) In 2008 the selling, general and administrative expense was $15,873,000. In 2009 the selling, general and administrative expense decreased and was $14,735,000, the next two years the trend was almost steady and was $14,683,000 in 2012 and $14,983,000 in 2011. In 2013 the company was able to reduce more of its selling, general, and administrative expense and the amount was $13,877,000. We can say that the company’s selling, general, and administrative trend was negative trend for the year 2012 (Thomson One, 2013). Net income available to common

The table below illustrates the net income available to common of Exxon Mobil Corporation from the year end 31st December 2008 to 31st December 2012.

Net income available to common 12/31/12$44,880,000.00 12/31/1141,060,000.00 12/31/1030,460,000.00 12/31/0919,280,000.00 12/31/0845,220,000.00

(Thomson One, 2013) In the year 2008 the net income available to common was $45,220,000 but by 2009 the trend was downwards and the amount decreased to $19,280,000. The next three years the company saw a positive trend and the net income available to common gradually increased. By 2012 the company’s net income available to common was $44,880,000 (Thomson One, 2013).