Exxon Mobil Corp. (XOM)

Income Tax Expense (Benefit)

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Exxon Mobil Corp., income tax expense (benefit), continuing operations

USD $ in millions

	12 months ended	Dec 31, 2010	Dec 31, 2009	Dec 31, 2008	Dec 31, 2007	Dec 31, 2006
	Federal
	Non-U.S.
	U.S. tax on non-U.S. operations
	State
	Total current income taxes
	Federal
	Non-U.S.
	Total deferred income taxes
	Total income taxes

Source: Based on data from Exxon Mobil Corp. Annual Reports

Item	Description	The company
Total current income taxes	The component of income tax expense for the period representing amounts of income taxes paid or payable (or refundable) for the period for all income tax obligations as determined by applying the provisions of relevant enacted tax laws to relevant amounts of taxable income (loss) from continuing operations.	Exxon Mobil Corp.'s total current income taxes declined from 2008 to 2009 but then slightly increased from 2009 to 2010.
Total deferred income taxes	The component of income tax expense for the period representing the net change in the entity's deferred tax assets and liabilities pertaining to continuing operations.	Exxon Mobil Corp.'s total deferred income taxes declined from 2008 to 2009 and from 2009 to 2010.
Total income taxes	The sum of the current income tax expense (benefit) and the deferred income tax expense (benefit) pertaining to pretax income (loss) from continuing operations; income tax expense (benefit) may include interest and penalties on tax uncertainties based on the entity's accounting policy.	Exxon Mobil Corp.'s total income taxes declined from 2008 to 2009 but then slightly increased from 2009 to 2010.

Deferred Tax Assets (Liabilities), Net

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Exxon Mobil Corp., deferred tax assets (liabilities), net

USD $ in millions

		Dec 31, 2010	Dec 31, 2009	Dec 31, 2008	Dec 31, 2007	Dec 31, 2006
	Pension and other postretirement benefits
	Asset retirement obligations
	Tax loss carryforwards
	Other assets
	Total deferred tax assets, gross
	Asset valuation allowances
	Total deferred tax assets, net
	Property, plant and equipment
	Other liabilities
	Total deferred tax liabilities
	Net deferred tax liabilities

Source: Based on data from Exxon Mobil Corp. Annual Reports

Item	Description	The company
Total deferred tax assets, gross	The sum of the tax effects as of the balance sheet date of the amounts of all future tax deductions arising from temporary differences between tax basis and generally accepted accounting principles basis recognition of assets, liabilities, revenues and expenses, which can only be deducted for tax purposes when permitted under enacted tax laws (before the valuation allowance, if any, to reduce such sum amount to net realizable value). Includes any tax benefit realized in deferred tax assets for significant impacts of tax planning strategies.	Exxon Mobil Corp.'s total deferred tax assets, gross increased from 2008 to 2009 and from 2009 to 2010.
Total deferred tax assets, net	The aggregate tax effects as of the balance sheet date of all future tax deductions arising from temporary differences between tax basis and generally accepted accounting principles basis recognition of assets, liabilities, revenues and expenses, which can only be deducted for tax purposes when permitted under enacted tax laws; net of deducting the allocated valuation allowance, if any, to reduce such amount to net realizable value.	Exxon Mobil Corp.'s total deferred tax assets, net increased from 2008 to 2009 and from 2009 to 2010.
Net deferred tax liabilities	For entities that net deferred tax assets and tax liabilities, represents the unclassified net amount of deferred tax assets and liabilities as of the balance sheet date, which result from applying the applicable enacted tax rate to net temporary differences and carryforwards pertaining to assets or liabilities. A temporary difference is a difference between the tax basis of an asset or liability and its carrying amount in the financial statements prepared in accordance with generally accepted accounting principles that will reverse in ensuing periods.	Exxon Mobil Corp.'s net deferred tax liabilities declined from 2008 to 2009 and from 2009 to 2010.

Exxon Mobil Corp. (XOM) | Analysis of Income Taxes

Income Tax Expense (Benefit)

Deferred Tax Assets (Liabilities), Net

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