Proceedings of the 9th International Conference on Financial Innovation and Economic Development (ICFIED 2024)

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The Financial Statements Comparison Between ExxonMobil Corporation and Chevron Corporation

Authors
Zhaojun Luo1, *
1University of Illinois Urbana-Champaign, Champaign, -IL-61820, USA
*Corresponding author. Email: zl113@illinois.edu
Corresponding Author
Zhaojun Luo
Available Online 7 May 2024.
DOI
10.2991/978-94-6463-408-2_61How to use a DOI?
Keywords
Financial statements; ratio analysis; ExxonMobil Corporation; Chevron Corporation
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.

Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

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Volume Title
Proceedings of the 9th International Conference on Financial Innovation and Economic Development (ICFIED 2024)
Series
Advances in Economics, Business and Management Research
Publication Date
7 May 2024
ISBN
10.2991/978-94-6463-408-2_61
ISSN
2352-5428
DOI
10.2991/978-94-6463-408-2_61How to use a DOI?
Copyright
© 2024 The Author(s)
Open Access
Open Access This chapter is licensed under the terms of the Creative Commons Attribution-NonCommercial 4.0 International License (http://creativecommons.org/licenses/by-nc/4.0/), which permits any noncommercial use, sharing, adaptation, distribution and reproduction in any medium or format, as long as you give appropriate credit to the original author(s) and the source, provide a link to the Creative Commons license and indicate if changes were made.

Cite this article

risenwbib
TY  - CONF
AU  - Zhaojun Luo
PY  - 2024
DA  - 2024/05/07
TI  - The Financial Statements Comparison Between ExxonMobil Corporation and Chevron Corporation
BT  - Proceedings of the 9th International Conference on Financial Innovation and Economic Development (ICFIED 2024)
PB  - Atlantis Press
SP  - 541
EP  - 548
SN  - 2352-5428
UR  - https://doi.org/10.2991/978-94-6463-408-2_61
DO  - 10.2991/978-94-6463-408-2_61
ID  - Luo2024
ER  -