Stock Analysis on Net
Stock Analysis on Net

Exxon Mobil Corp. (NYSE:XOM)

Common-Size Balance Sheet: Assets 
Quarterly Data

Exxon Mobil Corp., common-size consolidated balance sheet: assets (quarterly data)

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Sep 30, 2025 Jun 30, 2025 Mar 31, 2025 Dec 31, 2024 Sep 30, 2024 Jun 30, 2024 Mar 31, 2024 Dec 31, 2023 Sep 30, 2023 Jun 30, 2023 Mar 31, 2023 Dec 31, 2022 Sep 30, 2022 Jun 30, 2022 Mar 31, 2022 Dec 31, 2021 Sep 30, 2021 Jun 30, 2021 Mar 31, 2021 Dec 31, 2020 Sep 30, 2020 Jun 30, 2020 Mar 31, 2020
Cash and cash equivalents 3.04 3.21 3.77 5.08 5.83 5.74 8.82 8.38 8.85 8.13 8.84 8.03 8.21 5.13 3.12 2.01 1.42 1.03 1.05 1.31 2.47 3.48 3.21
Cash and cash equivalents, restricted 0.01 0.30 0.33 0.03 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.02 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00 0.00
Notes and accounts receivable, net 9.97 9.34 10.25 9.63 8.99 9.35 10.68 10.10 11.23 9.89 10.51 11.31 11.46 13.07 11.88 9.55 8.77 8.46 7.42 6.19 5.58 5.27 5.87
Crude oil, products and merchandise 5.10 4.77 4.54 4.29 4.15 4.27 5.00 5.45 5.39 5.51 5.27 5.54 5.42 5.32 5.09 4.28 4.48 4.36 4.12 4.26 3.68 4.16 3.39
Materials and supplies 0.89 0.90 0.88 0.90 1.02 1.05 1.22 1.22 1.18 1.17 1.13 1.08 1.09 1.09 1.16 1.26 1.34 1.35 1.38 1.41 1.32 1.28 1.25
Inventories 6.00% 5.67% 5.42% 5.19% 5.17% 5.32% 6.22% 6.68% 6.57% 6.68% 6.40% 6.62% 6.51% 6.41% 6.25% 5.54% 5.82% 5.71% 5.50% 5.66% 5.00% 5.44% 4.64%
Other current assets 0.47 0.50 0.43 0.35 0.43 0.47 0.57 0.51 0.51 0.56 0.57 0.48 0.63 0.72 0.52 0.35 0.49 0.46 0.47 0.33 0.56 0.48 0.41
Current assets 19.48% 19.01% 20.19% 20.29% 20.43% 20.89% 26.30% 25.67% 27.17% 25.26% 26.32% 26.45% 26.82% 25.33% 21.78% 17.45% 16.50% 15.67% 14.44% 13.49% 13.60% 14.67% 14.12%
Investments, advances and long-term receivables 10.15 10.30 10.59 10.41 10.58 10.41 12.60 12.66 12.91 13.01 13.28 13.49 13.57 12.73 13.06 13.33 13.56 13.27 13.24 13.08 12.18 11.95 12.08
Property, plant and equipment, net 65.68 65.99 64.76 64.90 64.85 64.74 56.55 57.12 55.30 56.91 55.78 55.46 54.87 56.87 59.97 63.89 64.98 66.12 67.30 68.39 69.96 69.30 69.82
Other assets, including intangibles, net 4.69 4.70 4.46 4.40 4.15 3.96 4.55 4.55 4.62 4.81 4.62 4.59 4.73 5.07 5.19 5.32 4.96 4.94 5.02 5.05 4.26 4.08 3.98
Long-term assets 80.52% 80.99% 79.81% 79.71% 79.57% 79.11% 73.70% 74.33% 72.83% 74.74% 73.68% 73.55% 73.18% 74.67% 78.22% 82.55% 83.50% 84.33% 85.56% 86.51% 86.40% 85.33% 85.88%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31), 10-K (reporting date: 2020-12-31), 10-Q (reporting date: 2020-09-30), 10-Q (reporting date: 2020-06-30), 10-Q (reporting date: 2020-03-31).

Cash and Cash Equivalents
The proportion of cash and cash equivalents relative to total assets exhibited a declining trend from early 2020, reaching its lowest point around March to June 2021. Subsequently, it saw a notable increase, peaking around late 2022 and early 2023, before gradually tapering off through 2024 and into mid-2025. The restricted cash component remained minimal throughout the period but showed a slight increase from late 2024 onwards.
Notes and Accounts Receivable, Net
This item rose steadily from March 2020 through mid-2021, peaking between June 2021 and early 2022. Following that, its percentage fluctuated downward moderately but remained relatively elevated compared to the early periods. The data suggest a potentially growing credit sales or receivables cycle peaking around 2021-2022, followed by some normalization.
Crude Oil, Products, and Merchandise
This inventory category generally showed an upward trend from 2020 into 2022, reaching its highest levels late in 2022. Levels remained fairly stable thereafter with minor fluctuations; however, a slight decline was observed through 2024 before a modest recovery by late 2025.
Materials and Supplies
Throughout the entire period, materials and supplies as a percentage of total assets maintained a relatively stable profile, remaining just above 1% in most quarters. There was a modest decrease beginning mid-2023, continuing through 2025.
Inventories (Aggregate)
Aggregate inventories increased from just under 5% of total assets in early 2020 to around 6.6% by late 2022. This rise was maintained with some fluctuations through early 2023. From mid-2023 onward, a gradual decline occurred, with a slight rebound near late 2025.
Other Current Assets
Other current assets as a percentage of total assets showed moderate volatility but remained below 1% throughout the period. The highest levels were observed in mid-2022, followed by a decline toward early 2025.
Current Assets (Aggregate)
Current assets increased significantly from approximately 14% of total assets in early 2020 to a peak near 27% in late 2022 and early 2023. Post-peak, they declined steadily, falling back to the low 19% range by mid-2025, indicating a relative shift in asset composition away from current assets.
Investments, Advances, and Long-Term Receivables
This category remained relatively stable around 12-13% through mid-2022, then demonstrated a gradual decline reaching approximately 10% by mid-2025. This suggests a slow reduction in long-term receivables or related investments over time.
Property, Plant, and Equipment, Net
The largest asset category consistently, property, plant, and equipment showed a declining trend from nearly 70% of total assets in early 2020 to around 55-57% by early 2023, followed by a notable increase back above 64% from late 2023 onward, sustaining this level through 2025. This pattern may reflect significant asset disposals or depreciation early on, with later capital reinvestment or revaluation boosting asset base.
Other Assets Including Intangibles, Net
This category saw minor fluctuations, generally ranging from about 4% to 5%, with a slight decrease starting late 2023 and stabilizing near 4.5% by mid-2025.
Long-Term Assets (Aggregate)
As a whole, long-term assets declined from roughly 86% in early 2020 to about 73% in early 2023, reflecting the earlier decrease in property and similar assets. From late 2023 onward, a recovery occurred, with long-term assets returning to approximately 80% of total assets by mid-2025. This suggests a cyclical pattern of asset reallocation between current and long-term holdings.
Total Assets
By definition, total assets represent 100% of assets at all times, serving as the denominator for all the above relative percentages.