{ "ticker": "XOM", "cik": "0000034088", "company": "Exxon Mobil Corporation", "business_type": "integrated_oil_and_gas", "schema_note": "ExxonMobil is an integrated oil and gas major, so the standard revenue/cost-of-goods/gross-margin frame is not the way management or the filings present the business. This file uses an integrated-energy template: the consolidated income statement, balance sheet and cash flow as reported, plus the four reportable segments (Upstream, Energy Products, Chemical Products, Specialty Products) with Corporate and Financing, upstream production and downstream throughput volumes, capital spending against cash generation, and the shareholder-return picture (dividends and buybacks). No gross profit line is shown because the company does not present one.", "reporting_currency": "USD", "converted_to_usd": false, "units": "actual dollars (not millions), except where a field name says otherwise", "units_notes_seen": { "FY2025 10-K consolidated statement of income": "(millions of dollars); per-share lines labelled 'Earnings (loss) per common share (dollars)'", "FY2025 10-K consolidated statement of comprehensive income": "(millions of dollars)", "FY2025 10-K consolidated balance sheet": "(millions of dollars); share counts appear inside the line captions, e.g. '9,000 million shares authorized, 8,019 million shares issued' and '3,840 million shares in 2025'", "FY2025 10-K consolidated statement of cash flows": "(millions of dollars)", "FY2025 10-K consolidated statement of changes in equity": "(millions of dollars); the share-activity table beneath it is headed 'Common Stock Share Activity (millions of shares)'", "FY2025 10-K Note 2, Earnings Per Share": "'Net income (loss) attributable to ExxonMobil (millions of dollars)', 'Weighted-average number of common shares outstanding (millions of shares)', per-share amounts '(dollars)'", "FY2025 10-K Note 3, Disclosures about Segments": "(millions of dollars)", "FY2025 10-K Financial Information summary table": "(millions of dollars, except where stated otherwise)", "FY2025 10-K Business Profile segment table": "earnings and capital employed '(millions of dollars)', return on average capital employed '(percent)', cash capital expenditures '(millions of dollars)'", "FY2025 10-K Upstream Operational Results": "liquids 'thousands of barrels daily'; natural gas 'millions of cubic feet daily'; 'Oil-equivalent production (thousands of oil-equivalent barrels daily)'", "Q1 2026 10-Q condensed consolidated statement of income": "(millions of dollars, unless noted)", "Q1 2026 10-Q condensed consolidated balance sheet": "(millions of dollars, unless noted)", "Q1 2026 10-Q condensed consolidated statement of cash flows": "(millions of dollars)", "Q1 2026 10-Q Note 2, Earnings Per Share": "'(millions of dollars)' for income, '(millions of shares)' for the weighted-average share count, '(dollars)' per share", "Q1 2026 10-Q Note 3, Disclosures about Segments": "(millions of dollars)", "Q1 2026 10-Q Upstream Operational Results": "liquids 'thousands of barrels daily'; natural gas 'millions of cubic feet daily'; oil-equivalent production 'thousands of oil-equivalent barrels daily'", "Q1 2026 10-Q cover page": "share count stated in whole shares: 4,144,947,162 common shares outstanding as of March 31, 2026" }, "adjustments": { "splits_applied": [], "adr_ratio": null, "fx": "None. ExxonMobil reports in U.S. dollars, so no currency conversion was required.", "note": "No stock splits occurred over the periods covered, so per-share figures are directly comparable across years as reported." }, "annual": [ { "fiscal_year": 2025, "period_end": "2025-12-31", "source_accession": "0000034088-26-000045", "income_statement": { "sales_and_other_operating_revenue": 323905000000, "income_from_equity_affiliates": 5064000000, "other_income": 3269000000, "total_revenues_and_other_income": 332238000000, "crude_oil_and_product_purchases": 184248000000, "production_and_manufacturing_expenses": 42424000000, "selling_general_and_administrative_expenses": 11128000000, "depreciation_and_depletion_including_impairments": 25993000000, "exploration_expenses_including_dry_holes": 1007000000, "non_service_pension_and_postretirement_benefit_expense": 400000000, "interest_expense": 603000000, "other_taxes_and_duties": 25167000000, "total_costs_and_other_deductions": 290970000000, 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"investments_advances_and_long_term_receivables": 45317000000, "property_plant_and_equipment_net": 299373000000, "total_assets": 448980000000, "notes_and_loans_payable_short_term_debt": 9296000000, "accounts_payable_and_accrued_liabilities": 60911000000, "total_current_liabilities": 72330000000, "long_term_debt": 34241000000, "total_debt": 43537000000, "deferred_income_tax_liabilities": 40216000000, "total_liabilities": 182354000000, "exxonmobil_share_of_equity": 259386000000, "noncontrolling_interests": 7240000000, "total_equity": 266626000000, "shares_outstanding_at_period_end": 4179000000, "book_value_per_share": 62.07, "working_capital": 11052000000 }, "cash_flow": { "operating_cash_flow": 51970000000, "depreciation_and_depletion": 25993000000, "capex_additions_to_property_plant_and_equipment": 28358000000, "free_cash_flow": 23612000000, "proceeds_from_asset_sales_and_returns_of_investments": 3158000000, "additional_investments_and_advances": 4133000000, 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"shareholder_returns": { "dividends_paid_to_exxonmobil_shareholders": 17231000000, "dividends_paid_per_common_share": 4.0, "share_repurchases_common_stock_acquired": 20273000000, "shares_repurchased_millions": 182, "total_shareholder_distributions": 37504000000 }, "capital_structure_ratios": { "debt_to_capital_percent": 14.0, "net_debt_to_capital_percent": 11.0, "return_on_average_capital_employed_percent_non_gaap": 9.3, "average_capital_employed_non_gaap": 305775000000, "earnings_to_average_exxonmobil_share_of_equity_percent": 11.0 } }, { "fiscal_year": 2024, "period_end": "2024-12-31", "source_accession": "0000034088-26-000045", "income_statement": { "sales_and_other_operating_revenue": 339247000000, "income_from_equity_affiliates": 6194000000, "other_income": 4144000000, "total_revenues_and_other_income": 349585000000, "crude_oil_and_product_purchases": 199454000000, "production_and_manufacturing_expenses": 39609000000, "selling_general_and_administrative_expenses": 9976000000, 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"natural_gas_production_million_cubic_feet_per_day": 8078, "refinery_throughput_thousand_barrels_per_day": 3900, "energy_products_sales_thousand_barrels_per_day": 5418, "chemical_products_sales_thousand_metric_tons": 19392, "specialty_products_sales_thousand_metric_tons": 7666, "regular_employees_at_year_end": 60900 }, "shareholder_returns": { "dividends_paid_to_exxonmobil_shareholders": 16704000000, "dividends_paid_per_common_share": 3.84, "share_repurchases_common_stock_acquired": 19629000000, "shares_repurchased_millions": 170, "total_shareholder_distributions": 36333000000 }, "capital_structure_ratios": { "debt_to_capital_percent": 13.4, "net_debt_to_capital_percent": 6.5, "return_on_average_capital_employed_percent_non_gaap": 12.7, "average_capital_employed_non_gaap": 278102000000, "earnings_to_average_exxonmobil_share_of_equity_percent": 14.4 } }, { "fiscal_year": 2023, "period_end": "2023-12-31", "source_accession": "0000034088-26-000045", "income_statement": { "sales_and_other_operating_revenue": 334697000000, "income_from_equity_affiliates": 6385000000, "other_income": 3500000000, "total_revenues_and_other_income": 344582000000, "crude_oil_and_product_purchases": 193029000000, "production_and_manufacturing_expenses": 36885000000, "selling_general_and_administrative_expenses": 9919000000, "depreciation_and_depletion_including_impairments": 20641000000, "exploration_expenses_including_dry_holes": 751000000, "non_service_pension_and_postretirement_benefit_expense": 714000000, "interest_expense": 849000000, "other_taxes_and_duties": 29011000000, "total_costs_and_other_deductions": 291799000000, "income_before_income_taxes": 52783000000, "income_tax_expense": 15429000000, "net_income_including_noncontrolling_interests": 37354000000, "net_income_attributable_to_noncontrolling_interests": 1344000000, "net_income": 36010000000, "basic_eps": 8.89, "diluted_eps": 8.89, "weighted_average_shares_basic_and_diluted": 4052000000, "earnings_excluding_identified_items_non_gaap": 38572000000, "identified_items_net": -2562000000 }, "segment_earnings": { "upstream": 21308000000, "energy_products": 12142000000, "chemical_products": 1637000000, "specialty_products": 2714000000, "total_segment_earnings": 37801000000, "corporate_and_financing": -1791000000, "net_income_attributable_to_exxonmobil": 36010000000 }, "balance_sheet": { "cash_and_cash_equivalents_including_restricted": 31568000000, "property_plant_and_equipment_net": 214940000000, "total_assets": 376317000000, "long_term_debt": 37483000000, "total_debt": 41573000000, "exxonmobil_share_of_equity": 204802000000, "noncontrolling_interests": 7736000000, "total_equity": 212538000000, "shares_outstanding_at_period_end": 3971000000, "book_value_per_share": 51.57, "working_capital": 31293000000, "balance_sheet_coverage_note": "The FY2025 10-K's balance sheet shows only the 2025 and 2024 year-ends, so the 2023 balance-sheet items above are the ones that same 10-K discloses elsewhere: its Financial Information summary table (total assets, property plant and equipment, long-term debt, total debt, ExxonMobil share of equity, book value per share, working capital), its statement of changes in equity (total equity, noncontrolling interests, year-end share count) and its cash flow statement (year-end cash). Line items such as receivables, inventories and current liabilities are not presented for 2023 in this filing and are therefore omitted rather than estimated." }, "cash_flow": { "operating_cash_flow": 55369000000, "depreciation_and_depletion": 20641000000, "capex_additions_to_property_plant_and_equipment": 21919000000, "free_cash_flow": 33450000000, "proceeds_from_asset_sales_and_returns_of_investments": 4078000000, "additional_investments_and_advances": 2995000000, "net_cash_used_in_investing_activities": -19274000000, "net_cash_used_in_financing_activities": -34297000000, "cash_flow_from_operations_and_asset_sales_non_gaap": 59447000000, "cash_capital_expenditures_non_gaap": null, "total_additions_to_property_plant_and_equipment_incl_non_cash": 29038000000 }, "operating_metrics": { "oil_equivalent_production_thousand_boe_per_day": 3738, "liquids_production_thousand_barrels_per_day": 2449, "natural_gas_production_million_cubic_feet_per_day": 7734, "refinery_throughput_thousand_barrels_per_day": null, "regular_employees_at_year_end": 61500 }, "shareholder_returns": { "dividends_paid_to_exxonmobil_shareholders": 14941000000, "dividends_paid_per_common_share": 3.68, "share_repurchases_common_stock_acquired": 17748000000, "shares_repurchased_millions": 165, "total_shareholder_distributions": 32689000000 }, "capital_structure_ratios": { "debt_to_capital_percent": 16.4, "net_debt_to_capital_percent": 4.5, "return_on_average_capital_employed_percent_non_gaap": null, "average_capital_employed_non_gaap": null, "earnings_to_average_exxonmobil_share_of_equity_percent": 18.0 } } ], "quarterly": [ { "fiscal_period": "FY2026 Q1", "period_start": "2026-01-01", "period_end": "2026-03-31", "source_accession": "0000034088-26-000067", "income_statement": { "sales_and_other_operating_revenue": 83161000000, "income_from_equity_affiliates": 1369000000, "other_income": 608000000, "total_revenues_and_other_income": 85138000000, 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"specialty_products_sales_thousand_metric_tons": 1976 }, "shareholder_returns": { "dividends_paid_to_exxonmobil_shareholders": 4334000000, "dividends_paid_per_common_share": 1.03, "share_repurchases_common_stock_acquired": 4868000000, "shares_repurchased_millions": 33.6, "total_shareholder_distributions": 9202000000 }, "capital_structure_ratios": { "debt_to_capital_percent": 15.4, "net_debt_to_capital_percent": 13.1 } }, { "fiscal_period": "FY2025 Q1", "period_start": "2025-01-01", "period_end": "2025-03-31", "source_accession": "0000034088-26-000067", "comparative_note": "Prior-year comparative quarter as presented in the Q1 2026 10-Q (accession 0000034088-26-000067).", "income_statement": { "sales_and_other_operating_revenue": 81058000000, "income_from_equity_affiliates": 1369000000, "other_income": 703000000, "total_revenues_and_other_income": 83130000000, "crude_oil_and_product_purchases": 46788000000, "production_and_manufacturing_expenses": 10083000000, "selling_general_and_administrative_expenses": 2540000000, "depreciation_and_depletion_including_impairments": 5702000000, "exploration_expenses_including_dry_holes": 64000000, "non_service_pension_and_postretirement_benefit_expense": 113000000, "interest_expense": 205000000, "other_taxes_and_duties": 6035000000, "total_costs_and_other_deductions": 71530000000, "income_before_income_taxes": 11600000000, "income_tax_expense": 3567000000, "net_income_including_noncontrolling_interests": 8033000000, "net_income_attributable_to_noncontrolling_interests": 320000000, "net_income": 7713000000, "basic_eps": 1.76, "diluted_eps": 1.76, "weighted_average_shares_basic_and_diluted": 4372000000 }, "segment_earnings": { "upstream": 6756000000, "energy_products": 827000000, "chemical_products": 273000000, "specialty_products": 655000000, "total_segment_earnings": 8511000000, "corporate_and_financing": -798000000, "net_income_attributable_to_exxonmobil": 7713000000 }, "cash_flow": { "operating_cash_flow": 12953000000, "depreciation_and_depletion": 5702000000, "capex_additions_to_property_plant_and_equipment": 5898000000, "free_cash_flow": 7055000000, "proceeds_from_asset_sales_and_returns_of_investments": 1823000000, "net_cash_used_in_investing_activities": -4135000000, "net_cash_used_in_financing_activities": -13579000000, "cash_flow_from_operations_and_asset_sales_non_gaap": 14776000000, "cash_capital_expenditures_non_gaap": 5936000000, "cash_capex_by_segment_non_gaap": { "upstream": 4993000000, "energy_products": 378000000, "chemical_products": 291000000, "specialty_products": 110000000, "other": 164000000, "total": 5936000000 }, "cash_and_cash_equivalents_at_period_end_including_restricted": 18512000000 }, "operating_metrics": { "oil_equivalent_production_thousand_boe_per_day": 4551, "liquids_production_thousand_barrels_per_day": 3139, "natural_gas_production_million_cubic_feet_per_day": 8470, "refinery_throughput_thousand_barrels_per_day": 3810, "energy_products_sales_thousand_barrels_per_day": 5283, "chemical_products_sales_thousand_metric_tons": 4776, "specialty_products_sales_thousand_metric_tons": 1936 }, "shareholder_returns": { "dividends_paid_to_exxonmobil_shareholders": 4335000000, "dividends_paid_per_common_share": 0.99, "share_repurchases_common_stock_acquired": 4804000000, "total_shareholder_distributions": 9139000000 } } ], "trailing_twelve_months": { "period_end": "2026-03-31", "basis": "Full year 2025 as reported in the FY2025 10-K (accession 0000034088-26-000045), less the first quarter of 2025 and plus the first quarter of 2026, both as reported in the Q1 2026 10-Q (accession 0000034088-26-000067).", "sales_and_other_operating_revenue": 326008000000, "total_revenues_and_other_income": 334246000000, "net_income": 25314000000, "diluted_eps": 5.94, "operating_cash_flow": 47722000000, "capex_additions_to_property_plant_and_equipment": 28930000000, "free_cash_flow": 18792000000, "dividends_paid_to_exxonmobil_shareholders": 17230000000, "share_repurchases_common_stock_acquired": 20337000000, "note": "These trailing-twelve-month figures are arithmetic combinations of reported periods, not amounts the company itself presents. Diluted earnings per share is the sum of the reported quarterly and annual per-share amounts and will not exactly equal trailing net income divided by a current share count." }, "notes": [ "All dollar amounts in this file are stated in actual dollars. Every statement in the FY2025 10-K (accession 0000034088-26-000045) and the Q1 2026 10-Q (accession 0000034088-26-000067) is presented in millions of dollars, and share counts in those statements are presented in millions of shares; both were scaled up to whole units here. The one exception is the 10-Q cover page, which states shares outstanding in whole shares (4,144,947,162 at March 31, 2026), and that figure is carried through unscaled.", "ExxonMobil states that basic and diluted earnings per share are the same in every period presented, so the single reported per-share figure is recorded as both. Likewise there is one weighted-average share count per period rather than separate basic and diluted counts. The SEC's XBRL company facts carry this count under the basic-shares concept and have no recent values under the diluted-shares concept; the counts used here come from Note 2, Earnings Per Share, in each filing.", "'Revenue' is ambiguous for this company because the income statement runs three lines into a total. Both are reported: 'sales_and_other_operating_revenue' (the operating top line, $323.9 billion in 2025) and 'total_revenues_and_other_income' (which adds income from equity affiliates and other income, $332.2 billion in 2025). The segment note reconciles to the latter.", "No gross profit or cost-of-goods-sold line is shown because ExxonMobil's income statement does not present one; it runs a single 'Total costs and other deductions' block. The largest single cost line is crude oil and product purchases.", "Segment earnings are ExxonMobil's share after excluding amounts attributable to noncontrolling interests, taken from Note 3 of each filing and combined across the U.S. and non-U.S. columns the filings present. The four segments plus Corporate and Financing reconcile exactly to consolidated net income attributable to ExxonMobil.", "'capex_additions_to_property_plant_and_equipment' and the free cash flow derived from it are the cash-flow-statement figure. The company separately presents a non-GAAP 'cash capital expenditures' measure that also includes additional investments and advances and other investing activity, shown here as 'cash_capital_expenditures_non_gaap' ($28,997 million in 2025). A third figure, 'total additions to property, plant, and equipment', includes non-cash additions and is much larger in 2024 ($109.3 billion) because of the all-stock Pioneer Natural Resources acquisition completed on May 3, 2024.", "Free cash flow is calculated here as operating cash flow less additions to property, plant, and equipment from the cash flow statement. ExxonMobil does not present a free cash flow measure; it presents 'cash flow from operations and asset sales', which is also reported here.", "Total debt is the sum of notes and loans payable and long-term debt from the balance sheet, matching the company's own definition. For 2025 that is $9,296 million plus $34,241 million, and the FY2025 10-K's Financial Information table confirms the $43,537 million total. At March 31, 2026 total debt was $47,661 million, which the 10-Q describes as $47.7 billion.", "Cash on the FY2025 balance sheet is $10,681 million with no restricted cash, against $23,029 million plus $158 million restricted a year earlier. The 2023 figure shown here, $31,568 million, is the year-end cash balance including restricted cash as carried in the FY2025 10-K's cash flow statement, since that 10-K's balance sheet does not present a 2023 column.", "Book value per share for the first quarter of 2026 ($61.37) is ExxonMobil's share of equity of $254,381 million divided by the 4,144,947,162 shares outstanding stated on the 10-Q cover; the company does not publish a per-share equity figure in the 10-Q. The annual book values per share are as reported in the FY2025 10-K's Financial Information table.", "The SEC's XBRL company facts agree with the filings on every consolidated figure checked here: revenues, net income, earnings per share, operating cash flow, additions to property plant and equipment, total assets, total equity and cash, for all three fiscal years and both quarters. No discrepancy required a judgment call in favor of the filing.", "First quarter 2026 earnings of $4.2 billion were down from $7.7 billion a year earlier. The Energy Products segment swung to a loss of $1,262 million, which the filing attributes largely to estimated timing effects of $3,330 million from unfavorable derivative mark-to-market impacts plus a $706 million identified-item loss from Middle East supply disruptions that prevented physical shipments associated with hedges; underlying margins improved by $2,420 million over the year-earlier quarter.", "The company reports that 2025 production of 4.7 million oil-equivalent barrels per day was its highest in over 40 years, and guides to 2026 capital investment of $27 billion to $29 billion." ], "uncertainties": [ "Only the latest annual report and the latest quarterly report were used, so annual history is limited to the three years those statements present (2025, 2024 and 2023 for the income statement and cash flow) and balance-sheet history to the two years the balance sheet presents (2025 and 2024), supplemented for 2023 by the summary tables inside the same annual report. Fiscal 2022 and earlier are not covered.", "The 2023 balance sheet is partial. Receivables, inventories, current assets, current liabilities, deferred tax liabilities and total liabilities for 2023 are not presented anywhere in the FY2025 10-K and were left out rather than estimated.", "The 2023 non-GAAP cash capital expenditures figure and 2023 return on average capital employed are not disclosed in the FY2025 10-K, which shows those measures only for 2025 and 2024; they are recorded as unavailable.", "Refinery throughput and product-sales volumes for 2023 are not presented in the FY2025 10-K's two-year operating tables, so only the production volumes are given for that year.", "The trailing-twelve-month block is derived arithmetic rather than a reported period. Its per-share figure in particular is a sum of reported per-share amounts across periods with different share counts and should be treated as approximate.", "Book value per share at March 31, 2026 is a calculation, not a reported figure. It divides ExxonMobil's share of equity by period-end shares outstanding, which is the same method the company uses annually but is not disclosed in the 10-Q itself.", "First quarter 2026 results include unusually large derivative mark-to-market timing effects that the company expects to reverse over time, so that quarter's segment earnings, particularly Energy Products, are a poor guide to run-rate profitability.", "The quarterly cash flow statement in the 10-Q is condensed: it collapses working-capital movements and other adjustments into two summary lines, so a full quarterly reconciliation of net income to operating cash flow is not available from that filing." ], "company_details": { "Name": "Exxon Mobil Corp", "Ticker": "XOM", "CIK": "0000034088", "Exchange": "NYSE", "State": "Texas", "Incorporation": "New Jersey", "SIC": "2911", "Office": "Energy & Transportation", "Industry": "Petroleum Refining" }, "next_filing": { "predicted_date": "2026-08-05", "predicted_type": "10-Q" }, "fiscal_period": { "fiscal_year": 2026, "fiscal_period": "Q1", "tag": "FY26Q1", "period_end": "2026-03-31", "form": "10-Q", "accession": "0000034088-26-000067", "fiscal_year_end": "1231", "source": "facts" } }