The company engages in exploration for, and production of, crude oil and natural gas, and in the manufacture, trade, transport and sale of crude oil, natural gas, petroleum products, petrochemicals, and specialty products. It also pursues lower-emission and other new business activities, including carbon capture and storage, hydrogen and ammonia, lower-emission fuels, resin systems, carbon materials, low-carbon data centers, and lithium. Affiliates conduct research programs supporting these businesses, and operations are conducted through divisions and affiliated companies operating or marketing products in the United States and most other countries of the world.
| Income statement · $ millions | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| Total revenues | 332,238 | 349,585 | 344,582 | 1 |
| · Sales and other operating revenue | 323,905 | 339,247 | 334,697 | |
| · Income from equity affiliates | 5,064 | 6,194 | 6,385 | |
| · Other revenue | 3,269 | 4,144 | 3,500 | |
| Research and development | 1,200 | 1,000 | 900 | |
| Selling, general and administrative | 11,128 | 9,976 | 9,919 | |
| Depreciation, depletion and amortization | 25,993 | 23,442 | 20,641 | |
| Total operating expenses | 290,970 | 300,712 | 291,799 | |
| Interest expense | 603 | 996 | 849 | |
| Income before income taxes | 41,268 | 48,873 | 52,783 | |
| Income tax provision | 11,504 | 13,810 | 15,429 | 1 |
| Net income incl. noncontrolling interests | 29,764 | 35,063 | 37,354 | 1 |
| Less: noncontrolling interests | 920 | 1,383 | 1,344 | |
| Net income attributable to common | 28,844 | 33,680 | 36,010 | 1 |
| Diluted earnings per share | $6.70 | $7.84 | $8.89 |
| Cash flow · $ millions | 2025 | 2024 | 2023 | |
|---|---|---|---|---|
| Net income incl. noncontrolling interests | 29,764 | 35,063 | 37,354 | |
| Depreciation, depletion and amortization | 25,993 | 23,442 | 20,641 | |
| Deferred income taxes | 765 | (865) | 634 | |
| Change in inventories | 4,300 | 1,812 | 3,472 | |
| Change in payables | (222) | 5,627 | (4,727) | |
| Net cash provided by operating activities | 51,970 | 55,022 | 55,369 | 2 |
| Capital expenditure | 28,358 | 24,306 | 21,919 | 1 |
| Net cash used in investing activities | (25,927) | (19,938) | (19,274) | |
| Dividends paid | 17,231 | 16,704 | 14,941 | 1 |
| Repurchases of common stock | 20,273 | 19,629 | 17,748 | 1 |
| Debt issued | 2,311 | 899 | 939 | |
| Debt repaid | 1,108 | 1,150 | 15 | |
| Net cash used in financing activities | (39,081) | (42,789) | (34,297) | |
| Cash and equivalents at end of period | 10,681 | 23,187 | 31,568 |
| Balance sheet · $ millions | 2025 | 2024 | |
|---|---|---|---|
| Cash and cash equivalents | 10,681 | 23,029 | |
| Receivables, net | 35,744 | 35,282 | 1 |
| Total current assets | 83,382 | 91,990 | |
| Property, plant and equipment, net | 299,373 | 294,318 | |
| Total assets | 448,980 | 453,475 | |
| Current debt | 9,296 | 4,955 | |
| Total current liabilities | 72,330 | 70,307 | |
| Long-term debt | 34,241 | 36,755 | |
| Total liabilities | 182,354 | 182,869 | |
| Stockholders' equity | 259,386 | 263,705 | |
| Noncontrolling interests | 7,240 | 6,901 | |
| Total equity | 266,626 | 270,606 |
| Largest FY/FY moves · $ millions, ranked by |Δ| | FY2025 | FY2024 | Δ $ | Δ % | Reading |
|---|---|---|---|---|---|
| Total revenues · IS | 332,238 | 349,585 | −17,347 | -5.0% | — |
| · Sales and other operating revenue · IS | 323,905 | 339,247 | −15,342 | -4.5% | — |
| Cash and equivalents at end of period · CF | 10,681 | 23,187 | −12,506 | -53.9% | — |
| Cash and cash equivalents · BS | 10,681 | 23,029 | −12,348 | -53.6% | — |
| Total operating expenses · IS | 290,970 | 300,712 | −9,742 | -3.2% | — |
| Total current assets · BS | 83,382 | 91,990 | −8,608 | -9.4% | — |
| Income before income taxes · IS | 41,268 | 48,873 | −7,605 | -15.6% | — |
| Net cash used in investing activities · CF | (25,927) | (19,938) | −5,989 | -30.0% | — |
| Change in payables · CF | (222) | 5,627 | −5,849 | -103.9% | — |
| Net income incl. noncontrolling interests · IS | 29,764 | 35,063 | −5,299 | -15.1% | — |
| Net income incl. noncontrolling interests · CF | 29,764 | 35,063 | −5,299 | -15.1% | — |
| Property, plant and equipment, net · BS | 299,373 | 294,318 | +5,055 | +1.7% | — |
| Net income attributable to common · IS | 28,844 | 33,680 | −4,836 | -14.4% | — |
| Total assets · BS | 448,980 | 453,475 | −4,495 | -1.0% | — |
| Business quality — Buffett/Munger screen · deterministic · not part of the filing score | Value | Reading |
|---|---|---|
| Return on equity net income ÷ average of start- and end-of-year equity | 11.0% sector median 14.3% | adequate |
| Share count, year-end (year-end shares − prior year-end) ÷ prior year-end | -4.0% sector median +0.0% | shrinking |
| Debt to equity (current debt + long-term debt) ÷ year-end equity | 0.17 sector median 0.49 | low |
| FCF consistency, 5yr operating cash flow − capital expenditure, per year | positive 5 of 5 | consistent |
| Margin stability pre-tax income ÷ revenue, swing across up to five years | pre-tax margin 12.4% sector median 14.6% | cyclical |
| Quarterly · as filed in 10-Q/10-K · $ millions | SEP 24 | MAR 25 | JUN 25 | SEP 25 | MAR 26 |
|---|---|---|---|---|---|
| Total revenues | 90,016 | 83,130 | 81,506 | 85,294 | 85,138 |
| Selling, general and administrative | 2,296 | 2,540 | 2,528 | 3,032 | 2,684 |
| Depreciation, depletion and amortization | 6,258 | 5,702 | 6,101 | 6,475 | 6,771 |
| Total operating expenses | 76,990 | 71,530 | 70,801 | 74,362 | 78,171 |
| Interest expense | 207 | 205 | 145 | 90 | 295 |
| Income before income taxes | 13,026 | 11,600 | 10,705 | 10,932 | 6,967 |
| Income tax provision | 4,055 | 3,567 | 3,351 | 3,164 | 2,495 |
| Net income incl. noncontrolling interests | 8,971 | 8,033 | 7,354 | 7,768 | 4,472 |
| Less: noncontrolling interests | 361 | 320 | 272 | 220 | 289 |
| Net income attributable to common | 8,610 | 7,713 | 7,082 | 7,548 | 4,183 |
| Diluted earnings per share | $1.92 | $1.76 | $1.64 | $1.76 | $1.00 |
| Net cash provided by operating activities | — | 12,953 | — | — | 8,705 |
| Largest QoQ moves · latest vs prior filed quarter | Prior | Latest | Δ $ | Δ % |
|---|---|---|---|---|
| Net cash provided by operating activities | 12,953 | 8,705 | −4,248 | -32.8% |
| Income before income taxes | 10,932 | 6,967 | −3,965 | -36.3% |
| Total operating expenses | 74,362 | 78,171 | +3,809 | +5.1% |
| Net income attributable to common | 7,548 | 4,183 | −3,365 | -44.6% |
| Net income incl. noncontrolling interests | 7,768 | 4,472 | −3,296 | -42.4% |
| Income tax provision | 3,164 | 2,495 | −669 | -21.1% |
| Selling, general and administrative | 3,032 | 2,684 | −348 | -11.5% |
| Depreciation, depletion and amortization | 6,475 | 6,771 | +296 | +4.6% |
| Ownership — insiders & floatForm 4 + 10-K cover · open-market trades only | Value | Reading |
|---|---|---|
| Public float | $460,000M | 10-K cover · as of 2025-06-30 |
| Insider Form 4s, 90d | 4 filings · 0 buys / 1 sells | net selling · −$276,556,000 |
| · Exxon Mobil Corp | SELL $276,556,000 | Form 4 filed 2026-05-22 · open market |
| Insider ownership % | — | needs the proxy statement — not read yet, never estimated |
| Institutional % | — | needs 13F aggregation — not read yet, never estimated |
Not investment advice. DHI Signal publishes impersonal, rules-based research; no recommendation to buy or sell any security is made or implied. Every statement figure is transcribed from ExxonMobil's Form 10-K for FY2025 (accession 0000034088-26-000045), pulled from EDGAR XBRL. Derived measures are computed only from lines shown on this page and the arithmetic is displayed so it can be checked. XOM is not in the tracked book. Market posture attaches only when the dashboard feed carries the name; this page computes none of it.