Exxon Mobil Corporation (XOM) Tax Rate: 27.88%
Is Exxon Mobil Corporation’s tax rate high or low?
Exxon Mobil Corporation's tax rate of 27.88% is in line with its 5-year average of 25.88%, near the high end of its 5-year range (19.50%–29.23%).
The tax rate for Exxon Mobil Corporation (XOM) is 27.88%. It is below its 12-month average by 0.68% (28.07%).
XOM Tax Rate Chart
XOM Average Tax Rate Chart
XOM Current vs Average Tax Rate Chart
XOM Tax Rate Metrics
TAX RATE
27.88%
TAX RATE AVG TTM
28.07%
TAX RATE AVG 3Y
27.83%
TAX RATE AVG 5Y
25.88%
TAX RATE AVG 10Y
20.52%
TAX RATE AVG 15Y
26.57%
TAX RATE AVG 20Y
30.23%
CURRENT VS TTM AVG
-0.68%
CURRENT VS 3Y AVG
+0.18%
CURRENT VS 5Y AVG
+7.73%
CURRENT VS 10Y AVG
+35.89%
CURRENT VS 15Y AVG
+4.93%
CURRENT VS 20Y AVG
-7.77%
Exxon Mobil Corporation Tax Rate Formula & Definition
Tax rate measures income tax expense as a percentage of income before tax. It helps compare tax efficiency and identify unusual tax effects.
Expanded definitions: Investopedia, Wikipedia, Corporate Finance Institute
Exxon Mobil Corporation Tax Rate FAQ
- What is the tax rate for Exxon Mobil Corporation (XOM)?
- The tax rate for XOM stock is 27.88%.
- Is Exxon Mobil Corporation's tax rate high or low?
- Exxon Mobil Corporation's tax rate of 27.88% is in line with its 5-year average of 25.88%, near the high end of its 5-year range (19.50%–29.23%).
- What is the TTM average tax rate for Exxon Mobil Corporation (XOM)?
- The TTM average tax rate for XOM stock is 28.07%.
- What is the 3Y average tax rate for Exxon Mobil Corporation (XOM)?
- The 3Y average tax rate for XOM stock is 27.83%.
- What is the 5Y average tax rate for Exxon Mobil Corporation (XOM)?
- The 5Y average tax rate for XOM stock is 25.88%.
- What is the 10Y average tax rate for Exxon Mobil Corporation (XOM)?
- The 10Y average tax rate for XOM stock is 20.52%.
- What is the 15Y average tax rate for Exxon Mobil Corporation (XOM)?
- The 15Y average tax rate for XOM stock is 26.57%.
- What is the 20Y average tax rate for Exxon Mobil Corporation (XOM)?
- The 20Y average tax rate for XOM stock is 30.23%.
Exxon Mobil Corporation Tax Rate History
| DATE | TAX RATE |
|---|---|
| 2025-12-31 | 27.88% |
| 2024-12-31 | 28.26% |
| 2023-12-31 | 29.23% |
| 2022-12-31 | 25.95% |
| 2021-12-31 | 24.45% |
| 2020-12-31 | 19.50% |
| 2019-12-31 | 26.34% |
| 2018-12-31 | 30.80% |
| 2017-12-31 | -6.29% |
| 2016-12-31 | -5.09% |
| 2015-12-31 | 24.65% |
| 2014-12-31 | 34.89% |
| 2013-12-31 | 42.04% |
| 2012-12-31 | 39.43% |
| 2011-12-31 | 42.39% |
| 2010-12-31 | 40.71% |
| 2009-12-31 | 43.47% |
| 2008-12-31 | 43.80% |
| 2007-12-31 | 41.78% |
| 2006-12-31 | 41.40% |
| 2005-12-31 | 39.21% |
| 2004-12-31 | 38.58% |
| 2003-12-31 | 34.43% |
| 2002-12-31 | 37.12% |
| 2001-12-31 | 37.41% |
| 2000-12-31 | 41.20% |
| 1999-12-31 | 29.06% |
| 1998-12-31 | 32.60% |
| 1997-12-31 | 39.33% |
| 1996-12-31 | 36.98% |
Related Metrics
About Exxon Mobil Corporation
Exxon Mobil Corporation is a global energy firm that undertakes the exploration and extraction of oil and natural gas resources across its domestic operations and international territories. The company organizes its vast activities into three primary divisions: Upstream, Downstream, and Chemical. Beyond resource acquisition, Exxon Mobil is deeply engaged in the manufacturing, commercial trading, logistical transportation, and marketing of crude oil, natural gas, refined petroleum goods, a wide array of petrochemicals (including olefins, polyolefins, and aromatics), and other specialized chemical products. Furthermore, the company is actively developing solutions in carbon capture and storage, hydrogen, and biofuels. As of December 31, 2021, the corporation maintained approximately 20,528 net operational wells with verified reserves. Founded in 1870, Exxon Mobil's corporate headquarters are located in Irving, Texas.
- Sector
- Energy
- Industry
- Oil & Gas Integrated
- CEO
- Darren W. Woods