2023 Q1 Form 10-K Financial Statement

#000003408823000020 Filed on February 22, 2023

View on sec.gov

Income Statement

Concept 2023 Q1 2022 Q4 2022
Revenue $86.56B $93.16B $398.7B
YoY Change -4.35% 14.59% 39.57%
Cost Of Revenue $55.44B $61.13B $271.6B
YoY Change -11.48% 8.63% 42.03%
Gross Profit $28.21B $32.04B $127.1B
YoY Change 12.35% 27.98% 48.68%
Gross Profit Margin 32.58% 34.39% 31.88%
Selling, General & Admin $2.390B $9.742B $38.01B
YoY Change -0.79% -6.85% 297.05%
% of Gross Profit 8.47% 30.41% 29.91%
Research & Development $141.0M $348.0M $1.025B
YoY Change -18.5% -33.59% 21.59%
% of Gross Profit 0.5% 1.09% 0.81%
Depreciation & Amortization $4.244B $5.064B $24.04B
YoY Change -52.22% -10.55% 16.66%
% of Gross Profit 15.05% 15.81% 18.91%
Operating Expenses $2.390B $15.25B $63.56B
YoY Change -0.79% -8.89% 510.17%
Operating Profit $25.82B $16.78B $63.55B
YoY Change 13.74% 102.46% -15.36%
Interest Expense $159.0M $398.0M $10.67B
YoY Change -15.43% -78.57% 1026.19%
% of Operating Profit 0.62% 2.37% 16.78%
Other Income/Expense, Net $539.0M $1.660B $3.542B
YoY Change 136.4% 4.93% 54.6%
Pretax Income $16.80B $18.84B $77.75B
YoY Change 96.39% 60.64% 148.94%
Income Tax $4.960B $5.787B $20.18B
% Of Pretax Income 29.52% 30.71% 25.95%
Net Earnings $11.43B $12.75B $55.74B
YoY Change 108.58% 43.74% 141.93%
Net Earnings / Revenue 13.2% 13.69% 13.98%
Basic Earnings Per Share $2.79 $13.26
Diluted Earnings Per Share $2.79 $3.081M $13.26M
COMMON SHARES
Basic Shares Outstanding 4.071B shares 4.205B shares
Diluted Shares Outstanding

Balance Sheet

Concept 2023 Q1 2022 Q4 2022
SHORT-TERM ASSETS
Cash & Short-Term Investments $32.65B $29.64B $29.64B
YoY Change 194.84% 335.75% 335.75%
Cash & Equivalents $32.65B $29.64B $29.64B
Short-Term Investments
Other Short-Term Assets $2.098B $1.807B $1.807B
YoY Change 12.67% 51.98% 51.98%
Inventory $23.64B $24.44B $24.44B
Prepaid Expenses
Receivables $38.81B $41.75B $41.75B
Other Receivables $0.00 $0.00 $0.00
Total Short-Term Assets $97.22B $97.63B $97.63B
YoY Change 25.85% 65.05% 65.05%
LONG-TERM ASSETS
Property, Plant & Equipment $206.0B $204.7B $204.7B
YoY Change -3.17% -5.48% -8.06%
Goodwill
YoY Change
Intangibles
YoY Change
Long-Term Investments $49.04B $49.79B $49.79B
YoY Change 5.86% 59.47% 25.46%
Other Assets $17.08B $16.95B $16.95B
YoY Change -7.24% -5.94% 41.97%
Total Long-Term Assets $272.1B $271.4B $271.4B
YoY Change -1.93% -2.98% -2.98%
TOTAL ASSETS
Total Short-Term Assets $97.22B $97.63B $97.63B
Total Long-Term Assets $272.1B $271.4B $271.4B
Total Assets $369.4B $369.1B $369.1B
YoY Change 4.12% 8.89% 8.89%
SHORT-TERM LIABILITIES
YoY Change
Accounts Payable $59.94B $63.20B $63.20B
YoY Change -5.62% 24.49% 27.94%
Accrued Expenses $1.527B
YoY Change 11.7%
Deferred Revenue
YoY Change
Short-Term Debt $0.00 $0.00 $453.0M
YoY Change -75.96%
Long-Term Debt Due $2.296B $634.0M $634.0M
YoY Change -53.01% -73.49% -73.54%
Total Short-Term Liabilities $66.67B $69.05B $69.05B
YoY Change -7.48% 21.9% 21.9%
LONG-TERM LIABILITIES
Long-Term Debt $39.15B $40.56B $40.56B
YoY Change -8.21% -6.61% -6.89%
Other Long-Term Liabilities $21.39B $34.12B $34.12B
YoY Change -6.49% 57.09% -20.43%
Total Long-Term Liabilities $21.39B $74.68B $74.68B
YoY Change -6.49% 243.86% -13.6%
TOTAL LIABILITIES
Total Short-Term Liabilities $66.67B $69.05B $69.05B
Total Long-Term Liabilities $21.39B $74.68B $74.68B
Total Liabilities $163.0B $174.0B $174.0B
YoY Change -8.58% 6.6% 2.16%
SHAREHOLDERS EQUITY
Retained Earnings $440.6B $432.9B
YoY Change 11.88% 10.41%
Common Stock $15.90B $15.75B
YoY Change 0.16% 0.04%
Preferred Stock
YoY Change
Treasury Stock (at cost)
YoY Change
Treasury Stock Shares
Shareholders Equity $198.7B $195.0B $195.0B
YoY Change
Total Liabilities & Shareholders Equity $369.4B $369.1B $369.1B
YoY Change 4.12% 8.89% 8.89%

Cashflow Statement

Concept 2023 Q1 2022 Q4 2022
OPERATING ACTIVITIES
Net Income $11.43B $12.75B $55.74B
YoY Change 108.58% 43.74% 141.93%
Depreciation, Depletion And Amortization $4.244B $5.064B $24.04B
YoY Change -52.22% -10.55% 16.66%
Cash From Operating Activities $16.34B $17.62B $76.80B
YoY Change 10.5% 2.9% 59.56%
INVESTING ACTIVITIES
Capital Expenditures $5.412B -$5.783B -$18.41B
YoY Change 38.38% 41.43% -252.43%
Acquisitions
YoY Change
Other Investing Activities $487.0M $428.0M $3.665B
YoY Change -641.11% -78.37% 99.08%
Cash From Investing Activities -$4.925B -$5.355B -$14.74B
YoY Change 24.84% 153.79% 44.04%
FINANCING ACTIVITIES
Cash Dividend Paid
YoY Change
Common Stock Issuance & Retirement, Net -$4.675B -$15.16B
YoY Change -9877.42%
Debt Paid & Issued, Net $5.000M
YoY Change -37.5%
Cash From Financing Activities -$8.507B -13.94B -39.11B
YoY Change 26.72% 7.55% 10.42%
NET CHANGE
Cash From Operating Activities $16.34B 17.62B 76.80B
Cash From Investing Activities -$4.925B -5.355B -14.74B
Cash From Financing Activities -$8.507B -13.94B -39.11B
Net Change In Cash $3.011B -1.671B 22.94B
YoY Change -29.52% -181.31% 840.98%
FREE CASH FLOW
Cash From Operating Activities $16.34B $17.62B $76.80B
Capital Expenditures $5.412B -$5.783B -$18.41B
Free Cash Flow $10.93B $23.40B $95.20B
YoY Change 0.48% 10.33% 164.07%

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CY2022 xom Asset Retirement Obligations Cash Paid To Settle Expected Payment Year One
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CY2020Q4 us-gaap Capitalized Exploratory Well Costs
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CY2022Q4 xom Capitalized Exploratory Well Costs Attributable To Equity Companies
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CY2021Q4 xom Capitalized Exploratory Well Costs Attributable To Equity Companies
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CY2020Q4 us-gaap Capitalized Exploratory Well Costs That Have Been Capitalized For Period Of One Year Or Less
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CY2022Q4 xom Number Of Projects That Only Have Exploratory Well Costs Capitalized For Period Of One Year Or Less
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CY2021Q4 xom Number Of Projects That Only Have Exploratory Well Costs Capitalized For Period Of One Year Or Less
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CY2020Q4 xom Number Of Projects That Only Have Exploratory Well Costs Capitalized For Period Of One Year Or Less
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CY2022Q4 us-gaap Projects That Have Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
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CY2021Q4 us-gaap Projects That Have Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
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CY2020Q4 us-gaap Projects That Have Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
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CY2022Q4 xom Total Number Of Projects
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CY2021Q4 xom Total Number Of Projects
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CY2020Q4 xom Total Number Of Projects
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CY2022Q4 us-gaap Projects That Have Exploratory Well Costs That Have Been Capitalized For Period Greater Than One Year
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CY2022Q4 xom Number Of Projects With Capitalized Well Drilled In Preceding Twelve Months Or Exploration Planned In Next Two Years As Of Year End
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CY2022Q4 xom Number Of Projects With Capitalized Well Exploration Completed As Of Year End Progressing Toward Development
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CY2022Q4 xom Number Of Projects With Capitalized Well Exploration Completed As Of Year End Progressing Toward Development
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15 projects
CY2022Q4 xom Number Of Projects With Capitalized Well Exploration Completed As Of Year End Progressing Toward Development
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CY2022 xom Lessee Lease Lease Not Yet Commenced Expected Payment Year One
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CY2022Q4 xom Us Dollar Equivalent At Year End Exchange Rates Of Amounts Payable In Foreign Currencies
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CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Prior Period Tax Positions
UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
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UnrecognizedTaxBenefitsDecreasesResultingFromPriorPeriodTaxPositions
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CY2022 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
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CY2021 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
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CY2020 us-gaap Unrecognized Tax Benefits Reductions Resulting From Lapse Of Applicable Statute Of Limitations
UnrecognizedTaxBenefitsReductionsResultingFromLapseOfApplicableStatuteOfLimitations
237000000 usd
CY2022 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
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277000000 usd
CY2021 us-gaap Unrecognized Tax Benefits Decreases Resulting From Settlements With Taxing Authorities
UnrecognizedTaxBenefitsDecreasesResultingFromSettlementsWithTaxingAuthorities
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CY2022 xom Unrecognized Tax Benefits Foreign Exchange Effects Other
UnrecognizedTaxBenefitsForeignExchangeEffectsOther
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CY2021 xom Unrecognized Tax Benefits Foreign Exchange Effects Other
UnrecognizedTaxBenefitsForeignExchangeEffectsOther
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CY2020 xom Unrecognized Tax Benefits Foreign Exchange Effects Other
UnrecognizedTaxBenefitsForeignExchangeEffectsOther
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CY2022Q4 us-gaap Unrecognized Tax Benefits
UnrecognizedTaxBenefits
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PercentageIncreaseInUnrecognizedTaxBenefits
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CY2022 us-gaap Income Tax Examination Interest Expense
IncomeTaxExaminationInterestExpense
16000000 usd
CY2021 us-gaap Income Tax Examination Interest Expense
IncomeTaxExaminationInterestExpense
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IncomeTaxExaminationInterestExpense
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CY2022Q4 us-gaap Income Tax Examination Interest Accrued
IncomeTaxExaminationInterestAccrued
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CY2021Q4 us-gaap Income Tax Examination Interest Accrued
IncomeTaxExaminationInterestAccrued
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CY2022 xom Disposal Group Not Discontinued Operation Gain Loss On Disposal Statement Of Income Extensible List Not Disclosed Flag
DisposalGroupNotDiscontinuedOperationGainLossOnDisposalStatementOfIncomeExtensibleListNotDisclosedFlag
net after-tax earnings

Files In Submission

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