Type of paper: Essay

Topic: Business, Commerce, Company, Entrepreneurship, Corporation, Reduction, Profit, Taxes

Pages: 1

Words: 275

Published: 2020/11/27

Exxon Mobil Corporation is an American oil and natural gas exploration multinational company that has its headquarters in Irving, Texas. In the other case, Chevron Corporation is a multinational company involved with natural oil and gas exploration and diversifies in other energy producing activities. A look at the financials of both companies for the years 2012 and 2013 reveals different levels of profits and incomes. Exxon Mobil Corporation recorded a gross profit of $136,155,000,000 in the year 2013(Exxon Mobil Corporation, 2013), representing an 8.9% reduction compared to 2012. On the other hand Chevron Corporation recorded a gross profit of $60,833,000,000 in 2013 (Chevron Corporation, 2013), representing a 9.5% reduction compared to 2012.
In 2013, Exxon Mobil Corporation recorded a decrease of about $9,580,000,000 in operating profit. The company had realised an operating profit of $49,881,000,000 in the previous year, 2012. However, Chevron Corporation in the other case posted an operating profit of $27,213,000,000 for the year 2013 (Chevron Corporation, 2013), compared to $35,013,000,000 realised in 2012. Notably, it experienced a reduction of $7,800,000,000.
The resultant net income recorded by Exxon Mobil Corporation in 2013 (Exxon Mobil Corporation, 2013), was $32,580,000,000 representing a 27.4% reduction from 2012. On the contrary, Chevron Corporation realised a net income of $ 21,423,000,000 in 2013 (Chevron Corporation, 2013). Notably, this represented an 18.2% reduction in net income from 2012.
Despite the decreasing profits and incomes recorded by the two oil industry giants, Exxon Mobil Corporation is more profitable than Chevron Corporation as the financial figures indicate. This could be as a result of increased market penetration by Exxon into international markets; thus, resulting in higher profits than Chevron. It could also be explained by its ability to compete by offering more consumable products than its counterpart, Chevron. Another reason could also be that Chevron’s increased investment diversification in other energy sectors could be bringing down the corporation’s profits.


Chevron Corporation. (2013). 2013 Annual Report. Retrieved from
Exxon Mobil Corporation. (2013). Exxon Mobil Corporation FORM 10-K for the Fiscal

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WePapers. (2020, November, 27) Exxon Versus Chevron Essay Example. Retrieved January 15, 2021, from https://www.wepapers.com/samples/exxon-versus-chevron-essay-example/
"Exxon Versus Chevron Essay Example." WePapers, 27 Nov. 2020, https://www.wepapers.com/samples/exxon-versus-chevron-essay-example/. Accessed 15 January 2021.
WePapers. 2020. Exxon Versus Chevron Essay Example., viewed January 15 2021, <https://www.wepapers.com/samples/exxon-versus-chevron-essay-example/>
WePapers. Exxon Versus Chevron Essay Example. [Internet]. November 2020. [Accessed January 15, 2021]. Available from: https://www.wepapers.com/samples/exxon-versus-chevron-essay-example/
"Exxon Versus Chevron Essay Example." WePapers, Nov 27, 2020. Accessed January 15, 2021. https://www.wepapers.com/samples/exxon-versus-chevron-essay-example/
WePapers. 2020. "Exxon Versus Chevron Essay Example." Free Essay Examples - WePapers.com. Retrieved January 15, 2021. (https://www.wepapers.com/samples/exxon-versus-chevron-essay-example/).
"Exxon Versus Chevron Essay Example," Free Essay Examples - WePapers.com, 27-Nov-2020. [Online]. Available: https://www.wepapers.com/samples/exxon-versus-chevron-essay-example/. [Accessed: 15-Jan-2021].
Exxon Versus Chevron Essay Example. Free Essay Examples - WePapers.com. https://www.wepapers.com/samples/exxon-versus-chevron-essay-example/. Published Nov 27, 2020. Accessed January 15, 2021.

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