How did ExxonMobil's expense ratios shift in Q3 2024?
3/29/2025 08:31pm
ExxonMobil's expense ratios in Q3 2024 are not currently available. However, based on the information from Q2 2024, the company's expense ratios showed the following trends:
1. **Production and Manufacturing Expenses**: Increased from $18.3 billion in Q1 2024 to $36.9 billion in Q2 2024.
2. **Selling, General and Administrative Expenses**: Also rose from $4.8 billion in Q1 2024 to $11.4 billion in Q2 2024.
3. **Depreciation and Depletion**: Decreased from $8.5 billion in Q1 2024 to $19.0 billion in Q2 2024.
4. **Exploration Expenses**: Remained relatively stable at $1.3 billion in Q1 2024 and $1.8 billion in Q2 2024.
These shifts in expense ratios reflect ExxonMobil's strategic adjustments in cost management and investment priorities, which may have been influenced by factors such as market conditions, operational efficiency, and investment in new business areas like carbon capture and storage.