Exxon Financial Statement

ExxonMobil is an American international oil and gas corporation. The company’s financial perspective focuses on improve the values of the company and growth in sales revenue.
The financial statements for Exxon in 2014 are a slightly declined than it made in 2013. Exxon experienced decrease in operating income from 2013 to 2014 of $74 billion to $61 billion. Operating income indicates how much a company earned from business activities, the company has less profitable. Their operating margin Exxon made in 2014 is also decreased. It is 4% less than they made in 2013. Exxon must figure out their operating performance, include Cost of Goods Sold or fixed costs and increase revenue performance. The sales revenues that companies made in 2014 are $365

The global oversupply of crude affects Exxon. In the fourth quarters of last year, Brent and other crudes price were down sharply more than a third to an average of cost of $80 a barrel. This affected fourth quarter earnings. Exxon’s fourth quarter earnings fell 16%. Fortunately, most experts doubt the oil price will recover until half of the year although it recently increased more than 10 percent. Although the company experienced decline in revenue, it face to positive. Exxon faces to positive from its drilling, and has in a global-wide expansion and development plan.
According to ExxonMobil, for future, the company will invest on exploration for oil and gas at around $34 billion annually. However, Exxon took criticism that investing on exploration for oil and gas affects to destroy climate by recklessly extracting and burning fossil fuel reserves. The company tried to rebuild its business image. Exxon’s recent investments have been in natural gas, which pollutes less CO2 than oil when it burned. The company spends about $6 billion a year for reducing pollute. Investing on exploration for oil and gas will generate revenue in

The financial perspective for Exxon, it decreased revenue due to dropped price of barrel, oil. However, it has future development plan, and the outlook for exploration plain in Russia is favorable. The company applied new technologies that efficient drilling and extracting technologies to provide cheap and reliable oil and natural gas. Because of indiscriminate exploration, the company took a claim about pollution that occurs while drilling and processing to provide oil and gas. Exxon is also invested for human resources that creating environment that its employees have the opportunity to learn based on