Steady financial performance
Over the years, Exxon Mobil has delivered consistent financial results. The company had a strong asset base of $242 billion in 2007, an increase of 10.5% over 2006. The revenues of the company have increased at a CAGR of 11% during 2004-2007 from $298 billion in 2004 to $404.5 billion in 2007. Further, the sales and operating revenues revenues increased at a rate of 6.8% in 2007 over 2006.The company’s profits have followed a similar trend.The net profit of the company was recorded at $40.6 billion in fiscal year 2007, as compared to a net profit of $39.5 billion in 2006. Steady financial performance enables the company to manage its operations well and also increases the financial flexibility of the company.