• Exxon average return on tangible equity for 2023 was 23.55, a 0.93% decline from 2022.
• Exxon average return on tangible equity for 2022 was 23.77, a 1200.46% decline from 2021.
• Exxon average return on tangible equity for 2021 was -2.16, a 671.43% decline from 2020.

Return on tangible equity can be defined as the amount of net income returned as a percentage of shareholders equity, after subtracting intangible assets, goodwill and preferred equity.