Stock Analysis on Net
Stock Analysis on Net

Exxon Mobil Corp. (NYSE:XOM)

Common-Size Balance Sheet: Assets 

Exxon Mobil Corp., common-size consolidated balance sheet: assets

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Dec 31, 2024 Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020
Cash and cash equivalents 5.08 8.38 8.03 2.01 1.31
Cash and cash equivalents, restricted 0.03 0.01 0.01 0.00 0.00
Notes and accounts receivable, trade, less reserves 7.78 8.05 8.90 7.93 4.91
Notes and accounts receivable, other, less reserves 1.85 2.05 2.41 1.62 1.27
Notes and accounts receivable, net 9.63% 10.10% 11.31% 9.55% 6.19%
Inventories 5.19 6.68 6.62 5.54 5.66
Other current assets 0.35 0.51 0.48 0.35 0.33
Current assets 20.29% 25.67% 26.45% 17.45% 13.49%
Investments 7.50 9.06 9.35 9.21 8.95
Advances, net of allowances 1.56 2.00 2.18 2.46 2.65
Equity method company investments and advances 9.06% 11.06% 11.53% 11.67% 11.60%
Equity securities carried at fair value and other investments at adjusted cost basis 0.08 0.05 0.08 0.04 0.04
Long-term receivables and miscellaneous, net of reserves 1.27 1.55 1.88 1.62 1.44
Investments, advances and long-term receivables 10.41% 12.66% 13.49% 13.33% 13.08%
Property, plant and equipment, at cost, less accumulated depreciation and depletion 64.90 57.12 55.46 63.89 68.39
Other assets, including intangibles, net 4.40 4.55 4.59 5.32 5.05
Long-term assets 79.71% 74.33% 73.55% 82.55% 86.51%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

Cash and Cash Equivalents
The proportion of cash and cash equivalents in total assets showed a rising trend from 1.31% in 2020 to a peak of 8.38% in 2023, followed by a decline to 5.08% in 2024. This indicates increased liquidity over the early years, with some reduction later.
Restricted Cash and Cash Equivalents
Data for restricted cash and cash equivalents appears only from 2022 with minimal values, increasing slightly from 0.01% to 0.03% by 2024, indicating limited but gradually growing amounts held under restrictions.
Notes and Accounts Receivable
Trade Receivables
The percentage of trade receivables rose from 4.91% in 2020 to 8.9% in 2022, then decreased slightly to 7.78% by 2024, suggesting an increase in trade credit extended followed by moderate tightening.
Other Receivables
Other receivables increased from 1.27% in 2020 to 2.41% in 2022, then declined to 1.85% in 2024, reflecting a similar pattern to trade receivables.
Net Receivables
The combined net receivables rose steadily from 6.19% in 2020 to a high of 11.31% in 2022 before tapering off to 9.63% in 2024, indicating an overall increase in asset allocation to receivables during this period.
Inventories
Inventory levels remained relatively stable, hovering around 5.5% to 6.7% from 2020 through 2023, but declined to 5.19% in 2024, showing slight lean inventory management in the latest year.
Other Current Assets
Other current assets showed incremental growth from 0.33% in 2020 to 0.51% in 2023 before retracting to 0.35% in 2024, indicating minor volatility within this category.
Current Assets
Current assets as a percentage of total assets increased significantly from 13.49% in 2020 to 26.45% in 2022, then decreased to 20.29% in 2024, suggesting a strategic shift towards liquidity and short-term assets peaking in 2022, followed by partial reallocation.
Investments and Advances
Investments
Investments steadied around 9% of total assets for most years but declined to 7.5% in 2024, reflecting a slight reduction in investment holdings.
Advances
Advances showed a decreasing trend from 2.65% in 2020 to 1.56% in 2024, indicating a drawdown in advances over time.
Equity Method Investments and Advances
These decreased from 11.6% in 2020 to 9.06% in 2024, reflecting a declining investment in affiliated companies or joint ventures.
Equity Securities and Other Investments
This category remained negligible and mostly stable between 0.04% and 0.08% across the years.
Long-term Receivables and Miscellaneous
These showed minor fluctuations but overall declined slightly from 1.44% in 2020 to 1.27% in 2024.
Total Investments, Advances, and Long-term Receivables
Combined, this category decreased from 13.08% in 2020 to 10.41% in 2024, indicative of a modest shrinking of long-term financial assets.
Property, Plant, and Equipment (PP&E)
PP&E as a percentage of total assets exhibited a noticeable decline from 68.39% in 2020 to a low of 55.46% in 2022, followed by a recovery to 64.9% in 2024. This suggests a period of asset divestiture or depreciation outpacing acquisitions until 2022, then renewed investment or revaluation in later years.
Other Assets Including Intangibles
This category showed a gradual decline from 5.05% in 2020 to 4.4% in 2024, reflecting a modest reduction in intangible and miscellaneous asset holdings.
Long-term Assets
The share of long-term assets decreased from 86.51% in 2020 to 73.55% in 2022 but rebounded somewhat to 79.71% in 2024, revealing a shift in asset composition with reduced emphasis on long-term holdings in the middle period and partial restoration later.
Total Assets
By definition, total assets constituted 100% throughout the period, serving as the base for relative changes in individual asset categories.