RAPIDLY PROGRESSING GUYANA DEVELOPMENTS
SUPPLEMENTAL INFORMATION
RETURN ON AVERAGE CAPITAL EMPLOYED
Net income attributable to ExxonMobil (U.S. GAAP)
Financing costs (after-tax)
Gross third-party debt
ExxonMobil share of equity companies
All other financing costs - net
Total financing costs
Earnings excluding financing costs
Average capital employed
2021
23.0
(1.2)
(0.2)
0.0
(1.4)
24.4
222.9
Return on average capital employed - corporate total
10.9%
Return on average capital employed (ROCE) is a performance measure ratio. From the perspective of the business segments, ROCE is annual business segment earnings
divided by average business segment capital employed (average of beginning and end-of-year amounts). These segment earnings include ExxonMobil's share of segment
earnings of equity companies, consistent with our capital employed definition, and exclude the cost of financing. The Corporation's total ROCE is net income attributable to
ExxonMobil excluding the after-tax cost of financing, divided by total corporate average capital employed. The Corporation has consistently applied its ROCE definition for
many years and views it as one of the best measures of historical capital productivity in our capital-intensive, long-term industry. Additional measures, which are more cash
flow based, are used to make investment decisions.
Billions of dollars unless specified otherwise.
Due to rounding, numbers presented above may not add up precisely to the totals indicated.
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