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Exxon Mobil Corporation (XOM) Q1 FY2026 Financial Statements: Revenue $85.14B, Net income $4.18B

CIK 0000034088 · NYSE · Period: Q1 FY2026 (ended 2026-03-31, 10-Q accession 0000034088-26-000067) · Annual report: FY2025 10-K (filed 2026-02-18, accession 0000034088-26-000045)

More for Exxon Mobil: Company index · 10-K and 10-Q summary · 8-K filings and events

PeriodQ2 FY2026Q1 FY2026

Archived record for Q1 FY2026. The current period is Q2 FY2026.

Published

Exxon Mobil Corporation reported $85.14 billion in total revenues and other income for Q1 FY2026, the quarter ended March 31, 2026, up 2.4% from a year earlier, but net income attributable to ExxonMobil fell to $4.18 billion, down 45.8%, and diluted earnings per share were $1.00. The drop was a cost and mark-to-market story rather than a revenue one: Energy Products swung from earnings of $827.00 million a year earlier to a loss of $1.26 billion on unfavorable derivative timing effects and Middle East supply disruptions that kept hedged cargoes from shipping, while Upstream earnings eased to $5.74 billion on higher depreciation and lower natural gas realizations. Operating cash flow was $8.71 billion, down 32.8%, and ExxonMobil says the timing effects are expected to unwind in later periods.

MetricAmountvs. year ago
Revenue$85,138,000,000up 2.4%
Net income$4,183,000,000down 45.8%
Diluted EPS$1.00down 43.2%
Upstream earnings$5,737,000,000down 15.1%
Energy Products earnings-$1,262,000,000swung from $827.00 million
Operating cash flow$8,705,000,000down 32.8%

About this file

TickerXOM
CIK0000034088
CompanyExxon Mobil Corporation
Business typeintegrated_oil_and_gas
Schema noteExxonMobil 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 currencyUSD
Converted to USDno
Unitsactual dollars (not millions), except where a field name says otherwise

XOM annual income statement, balance sheet and cash flow

FY2025FY2024FY2023
Fiscal year202520242023
Period start2025-01-012024-01-012023-01-01
Period end2025-12-312024-12-312023-12-31
Source accession0000034088-26-0000450000034088-26-0000450000034088-26-000045
Income statement
Sales and other operating revenue323,905,000,000339,247,000,000334,697,000,000
Income from equity affiliates5,064,000,0006,194,000,0006,385,000,000
Other income3,269,000,0004,144,000,0003,500,000,000
Total revenues and other income332,238,000,000349,585,000,000344,582,000,000
Crude oil and product purchases184,248,000,000199,454,000,000193,029,000,000
Production and manufacturing expenses42,424,000,00039,609,000,00036,885,000,000
Selling general and administrative expenses11,128,000,0009,976,000,0009,919,000,000
Depreciation and depletion including impairments25,993,000,00023,442,000,00020,641,000,000
Exploration expenses including dry holes1,007,000,000826,000,000751,000,000
Non service pension and postretirement benefit expense400,000,000121,000,000714,000,000
Interest expense603,000,000996,000,000849,000,000
Other taxes and duties25,167,000,00026,288,000,00029,011,000,000
Total costs and other deductions290,970,000,000300,712,000,000291,799,000,000
Income before income taxes41,268,000,00048,873,000,00052,783,000,000
Income tax expense11,504,000,00013,810,000,00015,429,000,000
Net income including noncontrolling interests29,764,000,00035,063,000,00037,354,000,000
Net income attributable to noncontrolling interests920,000,0001,383,000,0001,344,000,000
Net income28,844,000,00033,680,000,00036,010,000,000
Basic EPS6.77.848.89
Diluted EPS6.77.848.89
Weighted average shares basic and diluted4,305,000,0004,298,000,0004,052,000,000
Earnings excluding identified items non GAAP30,109,000,00033,464,000,00038,572,000,000
Identified items net-1,265,000,000216,000,000-2,562,000,000
Segment earnings
Upstream21,354,000,00025,390,000,00021,308,000,000
Energy products7,423,000,0004,033,000,00012,142,000,000
Chemical products800,000,0002,577,000,0001,637,000,000
Specialty products2,857,000,0003,052,000,0002,714,000,000
Total segment earnings32,434,000,00035,052,000,00037,801,000,000
Corporate and financing-3,590,000,000-1,372,000,000-1,791,000,000
Net income attributable to exxonmobil28,844,000,00033,680,000,00036,010,000,000
Balance sheet
Cash and cash equivalents10,681,000,00023,029,000,000
Restricted cash0158,000,000
Notes and accounts receivable net44,562,000,00043,681,000,000
Inventories crude oil products and merchandise22,979,000,00019,444,000,000
Inventories materials and supplies3,323,000,0004,080,000,000
Total current assets83,382,000,00091,990,000,000
Investments advances and long term receivables45,317,000,00047,200,000,000
Property plant and equipment net299,373,000,000294,318,000,000214,940,000,000
Total assets448,980,000,000453,475,000,000376,317,000,000
Notes and loans payable short term debt9,296,000,0004,955,000,000
Accounts payable and accrued liabilities60,911,000,00061,297,000,000
Total current liabilities72,330,000,00070,307,000,000
Long term debt34,241,000,00036,755,000,00037,483,000,000
Total debt43,537,000,00041,710,000,00041,573,000,000
Deferred income tax liabilities40,216,000,00039,042,000,000
Total liabilities182,354,000,000182,869,000,000
Exxonmobil share of equity259,386,000,000263,705,000,000204,802,000,000
Noncontrolling interests7,240,000,0006,901,000,0007,736,000,000
Total equity266,626,000,000270,606,000,000212,538,000,000
Shares outstanding at period end4,179,000,0004,353,000,0003,971,000,000
Book value per share62.0760.5851.57
Working capital11,052,000,00021,683,000,00031,293,000,000
Cash and cash equivalents including restricted31,568,000,000
Balance sheet coverage noteThe 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 flow51,970,000,00055,022,000,00055,369,000,000
Depreciation and depletion25,993,000,00023,442,000,00020,641,000,000
Capex additions to property plant and equipment28,358,000,00024,306,000,00021,919,000,000
Free cash flow23,612,000,00030,716,000,00033,450,000,000
Proceeds from asset sales and returns of investments3,158,000,0004,987,000,0004,078,000,000
Additional investments and advances4,133,000,0003,299,000,0002,995,000,000
Net cash used in investing activities-25,927,000,000-19,938,000,000-19,274,000,000
Net cash used in financing activities-39,081,000,000-42,789,000,000-34,297,000,000
Cash flow from operations and asset sales non GAAP55,128,000,00060,009,000,00059,447,000,000
Cash capital expenditures non GAAP28,997,000,00025,647,000,000n/a
Cash capex by segment non GAAP
Upstream24,659,000,00020,261,000,000
Energy products1,707,000,0002,218,000,000
Chemical products1,395,000,0001,883,000,000
Specialty products623,000,000408,000,000
Corporate and financing613,000,000877,000,000
Total28,997,000,00025,647,000,000
Total additions to property plant and equipment incl non cash31,476,000,000109,332,000,00029,038,000,000
Operating metrics
Oil equivalent production thousand boe per day4,7364,3333,738
Liquids production thousand barrels per day3,3292,9872,449
Natural gas production million cubic feet per day8,4428,0787,734
Refinery throughput thousand barrels per day3,9793,900n/a
Energy products sales thousand barrels per day5,5935,418
Chemical products sales thousand metric tons21,30319,392
Specialty products sales thousand metric tons7,7917,666
Regular employees at year end57,90060,90061,500
Shareholder returns
Dividends paid to exxonmobil shareholders17,231,000,00016,704,000,00014,941,000,000
Dividends paid per common share4.03.843.68
Share repurchases common stock acquired20,273,000,00019,629,000,00017,748,000,000
Shares repurchased millions182170165
Total shareholder distributions37,504,000,00036,333,000,00032,689,000,000
Capital structure ratios
Debt to capital percent14.013.416.4
Net debt to capital percent11.06.54.5
Return on average capital employed percent non GAAP9.312.7n/a
Average capital employed non GAAP305,775,000,000278,102,000,000n/a
Earnings to average exxonmobil share of equity percent11.014.418.0

XOM quarterly income statement, balance sheet and cash flow

2026-03-312025-03-31
Fiscal periodFY2026 Q1FY2025 Q1
Period start2026-01-012025-01-01
Period end2026-03-312025-03-31
Source accession0000034088-26-0000670000034088-26-000067
Income statement
Sales and other operating revenue83,161,000,00081,058,000,000
Income from equity affiliates1,369,000,0001,369,000,000
Other income608,000,000703,000,000
Total revenues and other income85,138,000,00083,130,000,000
Crude oil and product purchases51,802,000,00046,788,000,000
Production and manufacturing expenses10,695,000,00010,083,000,000
Selling general and administrative expenses2,684,000,0002,540,000,000
Depreciation and depletion including impairments6,771,000,0005,702,000,000
Exploration expenses including dry holes126,000,00064,000,000
Non service pension and postretirement benefit expense62,000,000113,000,000
Interest expense295,000,000205,000,000
Other taxes and duties5,736,000,0006,035,000,000
Total costs and other deductions78,171,000,00071,530,000,000
Income before income taxes6,967,000,00011,600,000,000
Income tax expense2,495,000,0003,567,000,000
Net income including noncontrolling interests4,472,000,0008,033,000,000
Net income attributable to noncontrolling interests289,000,000320,000,000
Net income4,183,000,0007,713,000,000
Basic EPS1.01.76
Diluted EPS1.01.76
Weighted average shares basic and diluted4,202,000,0004,372,000,000
Segment earnings
Upstream5,737,000,0006,756,000,000
Energy products-1,262,000,000827,000,000
Chemical products110,000,000273,000,000
Specialty products651,000,000655,000,000
Total segment earnings5,236,000,0008,511,000,000
Corporate and financing-1,053,000,000-798,000,000
Net income attributable to exxonmobil4,183,000,0007,713,000,000
Balance sheet
Cash and cash equivalents8,435,000,000
Notes and accounts receivable net61,783,000,000
Inventories crude oil products and merchandise21,838,000,000
Inventories materials and supplies3,137,000,000
Total current assets97,787,000,000
Investments advances and long term receivables46,125,000,000
Property plant and equipment net298,781,000,000
Total assets464,410,000,000
Notes and loans payable short term debt14,531,000,000
Accounts payable and accrued liabilities77,088,000,000
Total current liabilities94,378,000,000
Long term debt33,130,000,000
Total debt47,661,000,000
Deferred income tax liabilities40,018,000,000
Total liabilities203,414,000,000
Exxonmobil share of equity254,381,000,000
Noncontrolling interests6,615,000,000
Total equity260,996,000,000
Shares outstanding at period end4,144,947,162
Book value per share61.37
Cash flow
Operating cash flow8,705,000,00012,953,000,000
Depreciation and depletion6,771,000,0005,702,000,000
Capex additions to property plant and equipment6,470,000,0005,898,000,000
Free cash flow2,235,000,0007,055,000,000
Proceeds from asset sales and returns of investments219,000,0001,823,000,000
Net cash used in investing activities-6,006,000,000-4,135,000,000
Net cash used in financing activities-4,900,000,000-13,579,000,000
Cash flow from operations and asset sales non GAAP8,924,000,00014,776,000,000
Cash capital expenditures non GAAP6,187,000,0005,936,000,000
Cash capex by segment non GAAP
Upstream4,812,000,0004,993,000,000
Energy products998,000,000378,000,000
Chemical products182,000,000291,000,000
Specialty products55,000,000110,000,000
Other140,000,000164,000,000
Total6,187,000,0005,936,000,000
Cash and cash equivalents at period end including restricted18,512,000,000
Operating metrics
Oil equivalent production thousand boe per day4,5944,551
Liquids production thousand barrels per day3,2973,139
Natural gas production million cubic feet per day7,7798,470
Refinery throughput thousand barrels per day3,4943,810
Energy products sales thousand barrels per day5,6305,283
Chemical products sales thousand metric tons5,3584,776
Specialty products sales thousand metric tons1,9761,936
Shareholder returns
Dividends paid to exxonmobil shareholders4,334,000,0004,335,000,000
Dividends paid per common share1.030.99
Share repurchases common stock acquired4,868,000,0004,804,000,000
Shares repurchased millions33.6
Total shareholder distributions9,202,000,0009,139,000,000
Capital structure ratios
Debt to capital percent15.4
Net debt to capital percent13.1
Comparative notePrior-year comparative quarter as presented in the Q1 2026 10-Q (accession 0000034088-26-000067).

XOM trailing twelve month income statement and cash flow

2026-03-31
Period end2026-03-31
BasisFull 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 revenue326,008,000,000
Total revenues and other income334,246,000,000
Net income25,314,000,000
Diluted EPS5.94
Operating cash flow47,722,000,000
Capex additions to property plant and equipment28,930,000,000
Free cash flow18,792,000,000
Dividends paid to exxonmobil shareholders17,230,000,000
Share repurchases common stock acquired20,337,000,000
NoteThese 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.

Adjustments

Value
Splits appliednone
ADR ration/a
FXNone. ExxonMobil reports in U.S. dollars, so no currency conversion was required.
NoteNo stock splits occurred over the periods covered, so per-share figures are directly comparable across years as reported.

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

Value
NameExxon Mobil Corp
TickerXOM
CIK0000034088
ExchangeNYSE
StateTexas
IncorporationNew Jersey
SIC2911
OfficeEnergy & Transportation
IndustryPetroleum Refining

Fiscal period

FY2026
Fiscal year2026
Fiscal periodQ1
TagFY26Q1
Period end2026-03-31
Form10-Q
Accession0000034088-26-000067
Fiscal year end1231
Sourcefacts

FAQ · Exxon Mobil financial statements

How much did Exxon Mobil earn in Q1 FY2026?

Exxon Mobil Corporation reported net income attributable to ExxonMobil of $4.18 billion for Q1 FY2026, the quarter ended March 31, 2026, or $1.00 per diluted share. That is down 45.8% from $7.71 billion in the same quarter a year earlier.

What was Exxon Mobil's revenue in Q1 FY2026?

Exxon Mobil Corporation reported total revenues and other income of $85.14 billion for Q1 FY2026, the quarter ended March 31, 2026, up 2.4% from $83.13 billion a year earlier.

Why did Exxon Mobil's earnings fall in Q1 FY2026?

Exxon Mobil Corporation's earnings fell even though revenue held up, because Energy Products swung from earnings of $827.00 million a year earlier to a loss of $1.26 billion on unfavorable derivative mark-to-market timing effects and Middle East supply disruptions, and Upstream earnings slipped to $5.74 billion on higher depreciation and lower natural gas realizations.

How much cash flow did Exxon Mobil generate in Q1 FY2026?

Exxon Mobil Corporation generated $8.71 billion of cash from operating activities in Q1 FY2026, the quarter ended March 31, 2026, down 32.8% from $12.95 billion a year earlier.

Where can I get Exxon Mobil Corporation (XOM) financial data in machine-readable form?

Ticker Scout publishes Exxon Mobil Corporation's financial statements as JSON at https://tickerscout.ai/xom/financials.json, free, with no API key and no signup. The 10-K and 10-Q narrative and the 8-K events digest are published as Markdown at https://tickerscout.ai/xom/narrative.md and https://tickerscout.ai/xom/events.md. Exxon Mobil Corporation's SEC CIK is 0000034088. Every figure cites the SEC accession number it came from, so it can be checked against sec.gov.

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This page was built from two of Exxon Mobil Corporation's own filings with the SEC, read one at a time. Nothing on it is taken from a pre-tagged dataset, a data vendor or another website. The figures are on the company's own fiscal calendar and in actual dollars, as the filings report them. Where the filings do not support a figure, the record says so instead of reporting a zero; this period names eight such gaps.

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