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.
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.
(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...
Please join StudyMode to read the full document