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XOM

Exxon Mobil Corporation

XOM

Exxon Mobil Corporation • NYSE
$115.92 ▲ 1.00% (+1.15)
Market Cap $488.85 B
52w High $120.81
52w Low $97.80
Dividend Yield 4.00%
P/E 16.82
Volume 7.05M
Outstanding Shares 4.22B

Income Statement

Period Revenue Operating Expense Net Income Net Profit Margin Earnings Per Share EBITDA
Q3-2025 $83.331B ▲ $9.507B ▲ $7.548B ▲ 9.058% ▲ $1.76 ▲ $17.614B ▲
Q2-2025 $79.477B ▼ $9.036B ▲ $7.082B ▼ 8.911% ▼ $1.64 ▼ $16.951B ▼
Q1-2025 $81.058B $8.639B ▼ $7.713B ▲ 9.515% ▲ $1.76 ▲ $17.507B ▲
Q4-2024 $81.058B ▼ $9.474B ▲ $7.61B ▼ 9.388% ▼ $1.72 ▼ $16.695B ▼
Q3-2024 $87.792B $9.35B $8.61B 9.807% $1.93 $19.491B

Balance Statement

Period Cash & Short-term Total Assets Total Liabilities Total Equity
Q3-2025 $13.869B ▼ $454.34B ▲ $186.117B ▲ $260.561B ▼
Q2-2025 $14.352B ▼ $447.597B ▼ $177.635B ▼ $262.593B ▼
Q1-2025 $17.036B ▼ $451.908B ▼ $182.102B ▼ $262.72B ▼
Q4-2024 $23.029B ▼ $453.475B ▼ $182.869B ▼ $263.705B ▼
Q3-2024 $26.926B $461.916B $185.516B $268.592B

Cash Flow Statement

Period Net Income Cash From Operations Cash From Investing Cash From Financing Net Change Free Cash Flow
Q3-2025 $5.349B ▼ $14.788B ▲ $-8.809B ▼ $-7.753B ▲ $-1.842B ▲ $6.061B ▲
Q2-2025 $7.354B ▼ $11.55B ▼ $-6.18B ▼ $-8.685B ▲ $-2.801B ▲ $5.267B ▼
Q1-2025 $8.033B ▲ $12.953B ▲ $-4.135B ▲ $-13.579B ▼ $-4.675B ▼ $7.055B ▲
Q4-2024 $7.61B ▼ $12.229B ▼ $-4.252B ▲ $-11.143B ▼ $-3.785B ▼ $5.392B ▼
Q3-2024 $8.61B $17.569B $-6.24B $-11.106B $484M $11.409B

Revenue by Products

Product Q3-2024Q1-2025Q2-2025Q3-2025
Chemical Products
Chemical Products
 $0 ▲$0 ▲$4.62Bn ▲$4.91Bn ▲
Energy Products
Energy Products
 $0 ▲$0 ▲$41.51Bn ▲$44.34Bn ▲
Income From Equity Affiliates
Income From Equity Affiliates
 $0 ▲$0 ▲$1.53Bn ▲$1.34Bn ▼
Other Revenue
Other Revenue
 $0 ▲$0 ▲$230.00M ▲$450.00M ▲
Sales and Other Operating Revenue
Sales and Other Operating Revenue
 $0 ▲$0 ▲$79.46Bn ▲$83.31Bn ▲
Specialty Products
Specialty Products
 $0 ▲$0 ▲$3.27Bn ▲$3.21Bn ▼
Upstream
Upstream
 $0 ▲$0 ▲$13.43Bn ▲$14.02Bn ▲
Chemical Non Us
Chemical Non Us
 $3.20Bn ▲$3.38Bn ▲$0 ▼$0 ▲
Chemical United States
Chemical United States
 $1.46Bn ▲$2.02Bn ▲$0 ▼$0 ▲
Energy Products Non US
Energy Products Non US
 $40.98Bn ▲$36.08Bn ▼$0 ▼$0 ▲
Energy Products United States
Energy Products United States
 $25.54Bn ▲$23.89Bn ▼$0 ▼$0 ▲
Specialty Products Non US
Specialty Products Non US
 $3.20Bn ▲$3.02Bn ▼$0 ▼$0 ▲
Specialty Products United States
Specialty Products United States
 $1.46Bn ▲$1.37Bn ▼$0 ▼$0 ▲
Upstream Non Us
Upstream Non Us
 $3.58Bn ▲$3.96Bn ▲$0 ▼$0 ▲
Upstream United States
Upstream United States
 $7.11Bn ▲$7.32Bn ▲$0 ▼$0 ▲

Five-Year Company Overview

Income Statement

Income Statement ExxonMobil’s income statement shows a classic commodity cycle, but with a clear step‑up in earning power versus the pandemic period. Sales and profits rebounded sharply after 2020 and have stayed well above pre‑pandemic levels, even as they eased from the exceptional highs seen in 2022 when energy prices spiked. The company moved from a sizable loss in 2020 to very strong profitability in 2021 and especially 2022, with 2023 and 2024 reflecting a more “normalised” but still high profit base. Margins have compressed from peak levels but remain healthy, helped by cost discipline and the benefits of being integrated across upstream, refining, and chemicals. The main risk here is continued dependence on oil and gas prices: earnings can swing meaningfully with the cycle, even though the business mix cushions some of the volatility.

Balance Sheet

Balance Sheet The balance sheet today looks sturdier than it did a few years ago. Total assets have grown steadily, reflecting ongoing investment in projects and acquisitions. Shareholders’ equity has risen meaningfully, mainly because of the strong run of profits since 2021. Debt, which was elevated coming out of 2020, has been brought down and then kept fairly stable, so leverage is lower and financial flexibility is better. Cash on hand is no longer at the peak levels seen recently but is still much higher than it was before the recovery, suggesting the company has a decent liquidity buffer while not letting idle cash pile up. Overall, the balance sheet supports large, long‑dated projects and provides room to manage through future downturns, although the business still carries the usual capital‑intensive, asset‑heavy profile of a major oil and gas company.

Cash Flow

Cash Flow Cash generation is a major strength. Operating cash flow surged after 2020 and has stayed strong, comfortably covering both investment spending and shareholder returns in recent years. Free cash flow has been robust in most years since 2021, even as capital spending has ramped back up from the more cautious levels during the pandemic. The pattern suggests ExxonMobil has been able to both reinvest in its asset base and still have meaningful excess cash. The key uncertainty is how durable this level of cash generation will be if energy prices weaken for an extended period, given the heavy ongoing capital needs of the business and the company’s growth ambitions in both traditional and low‑carbon areas.

Competitive Edge

Competitive Edge ExxonMobil occupies a top‑tier position in global energy, with several durable advantages. Its integrated model — spanning exploration, production, refining, chemicals, and marketing — allows it to earn money at multiple points along the value chain and partially offset weakness in one segment with strength in another. Very large scale, a global logistics network, and deep project execution experience help keep unit costs competitive and support complex, capital‑intensive developments that smaller players struggle to match. The company also emphasizes operational discipline and safety, which can reduce downtime and incidents, though this is hard to quantify from the outside. On the risk side, ExxonMobil still operates in a highly cyclical, politically sensitive industry, faces growing climate and regulatory pressure, and competes with both other supermajors and state‑owned oil companies that may have different return and policy objectives.

Innovation and R&D

Innovation and R&D ExxonMobil is leaning heavily on technology and R&D to protect and extend its moat while preparing for a lower‑carbon future. On the operations side, it is pushing digital tools such as artificial intelligence, advanced data analytics, and digital twins to improve drilling, refinery efficiency, and plant reliability. These efforts aim to squeeze more output and safety from existing assets, lowering costs per unit. In the energy transition, the company is investing in carbon capture and storage, low‑carbon fuels (including biofuels), and hydrogen, and is building out infrastructure through deals like the Denbury acquisition. It is also pursuing advanced materials, plastics recycling technologies, and high‑performance lubricants and polymers that can command premium margins. These initiatives could help offset long‑term demand and policy headwinds for fossil fuels and create new revenue streams, but they are capital‑intensive, policy‑dependent, and will likely pay off over long timeframes with considerable uncertainty around eventual returns.

Summary

Overall, ExxonMobil now combines a much stronger financial profile with a traditional, cyclical oil and gas earnings base and a growing set of transition‑focused projects. Since the pandemic, profitability and cash generation have recovered sharply and remained solid, even as they came down from 2022’s extraordinary highs. The balance sheet is healthier, with higher equity and more manageable debt, giving the company more resilience and room to invest. Strategically, ExxonMobil still leans heavily on its core strengths — scale, integration, and operational discipline — while increasingly using technology and R&D to enhance efficiency and build out low‑carbon solutions and advanced materials. The big swing factors for the future remain commodity price cycles, execution on large projects (including carbon capture and new fuels), regulatory and climate policy trends, and how effectively the company allocates capital between legacy hydrocarbons and emerging businesses.

NEWS

November 28, 2025 · 6:05 AM UTC

North Atlantic France SAS successfully completes the acquisition of a controlling stake in Esso Société Anonyme Française SA and of 100% of ExxonMobil Chemical France SAS, two independent companies of the ExxonMobil group

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October 31, 2025 · 6:30 AM UTC

ExxonMobil Announces Third-Quarter 2025 Results

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October 29, 2025 · 5:00 PM UTC

Gregory C. Garland Named to ExxonMobil Board of Directors

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October 22, 2025 · 3:39 PM UTC

Halper Sadeh LLC Encourages Exxon Mobil Corporation Shareholders to Contact the Firm to Discuss Their Rights

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October 13, 2025 · 3:21 PM UTC

ExxonMobil to Release Third Quarter 2025 Financial Results

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