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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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 3.77 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 0.33 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 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 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 0.88 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 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 0.43 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 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 10.59 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 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 4.46 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 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%

Based on: 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 initially declined from 3.21% in March 2020 to a low of 1.03% in June 2021. Subsequently, a notable increase occurred, peaking near 8.85% in late 2023, indicating a significant accumulation of cash reserves. After this peak, the percentage gradually decreased to 3.77% by March 2025, suggesting a moderation in liquid assets.
Restricted Cash and Cash Equivalents
Restricted cash and cash equivalents were negligible or unreported until late 2022, after which a very slight increase occurred, reaching 0.33% by March 2025. This indicates the emergence of some restricted liquidity, although it remains a small portion of total assets.
Notes and Accounts Receivable, Net
Receivables showed a continuous increase from 5.87% in early 2020, surging to a peak of 13.07% by mid-2022. After this peak, the ratio decreased gradually, fluctuating around 9-11% through early 2025, indicating variability in credit extended or collection periods over time.
Crude Oil, Products, and Merchandise
This inventory category fluctuated mildly, moving from 3.39% in March 2020 up to a high of 5.54% in late 2022, then slightly declining to around 4.54% by March 2025. The overall trend suggests moderate growth followed by stabilization in inventory levels relative to total assets.
Materials and Supplies
Materials and supplies maintained a relatively stable share between 1.25% and 1.38% from 2020 to mid-2021 before a slow decline to just below 0.9% by early 2025. This steady decrease implies a slight reduction in this inventory component as a percent of assets.
Inventories (Aggregate)
Aggregate inventories increased from 4.64% in early 2020, peaking around 6.68% in late 2023, followed by a slight reduction to 5.42% by March 2025. This indicates gradual growth in overall inventory holdings, with some reduction in the most recent periods.
Other Current Assets
Other current assets showed modest fluctuations, starting near 0.41% in early 2020, peaking at 0.72% mid-2022, and later stabilizing around 0.4-0.5% by 2025, reflecting minor changes in miscellaneous current asset components.
Current Assets (Total)
The total current assets as a percent of total assets rose from approximately 14.12% in March 2020 to a high near 27.17% in late 2023. This significant increase was followed by a decline to about 20.19% in early 2025, evidencing a shift towards higher liquidity earlier on, then partial reduction more recently.
Investments, Advances, and Long-term Receivables
This category remained relatively stable around 12-13% through 2021, followed by a decline to about 10.4% by early 2025. The gradual decrease points to a modest reduction in longer-term receivables or investments relative to total assets over time.
Property, Plant and Equipment, Net
A marked decline was observed in this asset class from nearly 70% of total assets in early 2020 to about 56% by late 2022. Afterward, a recovery trend manifested, rising again to approximately 64.8% by early 2025. This pattern suggests significant asset disposals or depreciation initially, with subsequent reinvestment or revaluation effects later.
Other Assets, Including Intangibles, Net
The proportion of other assets, including intangibles, fluctuated moderately between 4% and 5.3%, showing slight declines towards early 2024 followed by marginal increases, ending near 4.46% in March 2025. This denotes relatively stable composition of intangible and miscellaneous asset classes.
Long-term Assets (Total)
Long-term assets consumed the majority share of total assets, trending down from approximately 86% in early 2020 to a low near 72.8% in late 2023. Subsequently, an upward trend to nearly 79.8% by early 2025 was noted. This reflects a cyclical shift between long-term and current asset compositions over the periods analyzed.
Total Assets
As expected, the total assets were constant at 100%, serving as the baseline for all relative measurements.