The Financial Statements Comparison Between ExxonMobil Corporation and Chevron Corporation

Zhaojun Luo ()
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Zhaojun Luo: University of Illinois Urbana-Champaign

A chapter in Proceedings of the 9th International Conference on Financial Innovation and Economic Development (ICFIED 2024), 2024, pp 541-548 from Springer

Abstract: Abstract The study embarked upon a comprehensive financial analysis of ExxonMobil and Chevron, aiming to discern their fiscal health from 2023 onwards. The ExxonMobil and Chevron are the two leading companies of energy industry. Central to this essay is answering: ‘How are these energy giants faring in today's dynamic energy industry?” To address this question, this article will utilize the financial data from 2023 Wall Street Journal as our main source and employed five prominent financial ratios as our methodology framework: profitability, liquidity, activity cash-flow, and debt ratios. These ratios, measured over an eighteen-month sample period, offered insight into both companies’ financial trajectories. The article findings suggested that both companies show a very great and stable financial performance. However, with the development of energy, both two company will face a dynamic yet challenging fiscal environment for both entities; furthermore, this research not only filled knowledge gaps but provided stakeholders with tactical recommendations in an unpredictable market.

Keywords: Financial statements; ratio analysis; ExxonMobil Corporation; Chevron Corporation (search for similar items in EconPapers)
Date: 2024
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Persistent link: https://EconPapers.repec.org/RePEc:spr:advbcp:978-94-6463-408-2_61

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DOI: 10.2991/978-94-6463-408-2_61

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