Exxon Mobil Corporation
 Data for the year ended December 31, 2023:

Item	Amount
Revenue	$50,000,000,000
Cost of Goods Sold	$30,000,000,000
Operating Expenses	$10,000,000,000
Income Tax Expense	$5,000,000,000
Net Income	$5,000,000,000
Total Assets	$150,000,000,000
Total Liabilities	$100,000,000,000
Shareholders' Equity	$50,000,000,000

Requirements:

1. Calculate Exxon Mobil's gross profit margin.
2. Determine Exxon Mobil's operating profit margin.
3. Analyze the impact of income tax expense on Exxon Mobil's net income.
4. Evaluate how Exxon Mobil recognizes revenue from oil and gas operations.
5. Explain the significance of the Income Measurement Objective in Exxon Mobil's financial reporting.
6. Discuss Exxon Mobil's return on assets (ROA) and return on equity (ROE).
7. Analyze the impact of Exxon Mobil's financial performance on its exploration and production strategies.