• Exxon average return on tangible equity for 2024 was 14.36, a 39.02% decline from 2023.
• 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.

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.