Stock Analysis on Net
Stock Analysis on Net

Exxon Mobil Corp. (NYSE:XOM)

Common-Size Balance Sheet: Liabilities and Stockholders’ Equity 
Quarterly Data

Exxon Mobil Corp., common-size consolidated balance sheet: liabilities and stockholders’ equity (quarterly data)

Microsoft Excel
Dec 31, 2025 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
Notes and loans payable 2.07 2.03 1.21 1.05 1.09 1.22 1.44 2.18 1.09 1.27 1.08 0.62 0.17 1.67 2.00 1.38 1.26 3.85 4.53 5.45
Accounts payable and accrued liabilities 13.57 14.39 13.34 14.16 13.52 13.10 13.05 15.75 15.42 16.72 14.98 16.23 17.12 16.90 18.48 17.90 14.98 14.04 13.57 12.29
Income taxes payable 0.47 0.72 0.67 1.13 0.89 0.83 0.88 1.10 0.85 1.12 0.96 1.20 1.41 1.44 1.30 1.04 0.47 0.49 0.35 0.28
Current liabilities 16.11% 17.13% 15.23% 16.34% 15.50% 15.15% 15.36% 19.03% 17.36% 19.12% 17.02% 18.05% 18.71% 20.01% 21.78% 20.31% 16.71% 18.37% 18.45% 18.02%
Long-term debt, excluding due within one year 7.63 7.22 7.50 7.26 8.11 7.99 7.94 8.52 9.96 9.81 10.34 10.60 10.99 10.60 10.74 12.02 12.81 12.96 13.44 13.52
Postretirement benefits reserves 1.97 2.29 2.31 2.22 2.14 2.31 2.26 2.77 2.79 2.73 2.83 2.76 2.72 4.54 4.73 5.15 5.44 6.26 6.55 6.54
Deferred income tax liabilities 8.96 8.79 8.80 8.65 8.61 8.72 8.70 6.38 6.50 6.42 6.46 6.28 6.20 5.75 5.66 5.51 5.95 5.65 5.49 5.43
Long-term obligations to equity companies 0.12 0.25 0.25 0.31 0.30 0.35 0.35 0.51 0.48 0.56 0.56 0.64 0.63 0.72 0.71 0.81 0.84 0.91 0.90 0.98
Other long-term obligations 5.83 5.27 5.60 5.52 5.67 5.63 5.43 6.41 6.44 5.61 5.81 5.79 5.89 6.24 6.20 6.45 6.41 6.11 6.09 6.34
Long-term liabilities 24.51% 23.83% 24.46% 23.96% 24.82% 25.01% 24.67% 24.59% 26.16% 25.13% 26.00% 26.07% 26.43% 27.84% 28.05% 29.93% 31.45% 31.88% 32.46% 32.81%
Total liabilities 40.62% 40.96% 39.69% 40.30% 40.33% 40.16% 40.03% 43.62% 43.52% 44.25% 43.01% 44.12% 45.14% 47.85% 49.83% 50.24% 48.16% 50.25% 50.92% 50.83%
Common stock without par value 10.28 10.30 10.42 10.27 10.20 10.16 10.15 4.76 4.73 4.34 4.41 4.31 4.27 4.35 4.36 4.48 4.65 4.78 4.75 4.76
Earnings reinvested 107.46 105.73 106.58 104.95 103.84 101.24 100.56 121.28 120.62 120.92 122.43 119.27 117.28 114.51 110.91 111.00 115.68 114.93 113.83 114.74
Accumulated other comprehensive loss -2.42 -2.81 -2.78 -3.17 -3.22 -2.59 -2.86 -3.48 -3.19 -3.52 -3.48 -3.55 -3.60 -4.81 -4.08 -3.64 -4.06 -4.96 -4.62 -4.82
Common stock held in treasury -57.55 -55.87 -55.55 -53.92 -52.66 -50.67 -49.59 -68.24 -67.74 -68.10 -68.56 -66.24 -65.11 -63.78 -62.97 -64.13 -66.52 -67.06 -66.94 -67.64
Total ExxonMobil share of equity 57.77% 57.35% 58.67% 58.14% 58.15% 58.15% 58.26% 54.31% 54.42% 53.65% 54.80% 53.79% 52.85% 50.28% 48.21% 47.70% 49.74% 47.70% 47.01% 47.03%
Noncontrolling interests 1.61 1.69 1.65 1.57 1.52 1.69 1.71 2.06 2.06 2.10 2.19 2.09 2.01 1.88 1.96 2.06 2.10 2.05 2.07 2.14
Total equity 59.38% 59.04% 60.31% 59.70% 59.67% 59.84% 59.97% 56.38% 56.48% 55.75% 56.99% 55.88% 54.86% 52.15% 50.17% 49.76% 51.84% 49.75% 49.08% 49.17%
Total liabilities and equity 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-K (reporting date: 2025-12-31), 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).

The composition of liabilities and stockholders’ equity exhibited notable shifts over the observed period, spanning from March 2021 to December 2025. Overall, a trend towards increasing equity and decreasing reliance on total liabilities is apparent, particularly in the latter half of the period. Current liabilities demonstrated initial stability, followed by a decline, while long-term liabilities generally decreased, though with some fluctuations.

Current Liabilities
Current liabilities, representing approximately 18% to 22% of total liabilities and equity between March 2021 and June 2022, experienced a gradual decline, falling to around 15% - 19% by December 2025. Accounts payable and accrued liabilities consistently comprised the largest portion of current liabilities, fluctuating between 12% and 18% of the total. Income taxes payable remained a relatively small component, generally below 1.5%, but showed a noticeable increase in the period between March 2022 and June 2023 before decreasing again.
Long-Term Liabilities
Long-term liabilities, initially constituting around 31% - 33% of the total, generally decreased over the period, ending at approximately 23% - 26% by December 2025. Long-term debt, excluding current portions, represented the largest component of long-term liabilities, decreasing from approximately 13% - 14% to around 7% - 11%. Deferred income tax liabilities also showed a consistent decline, moving from around 5% - 6% to approximately 8% - 9% before decreasing to around 8.7% - 8.9% in the final periods. Postretirement benefit reserves also decreased, falling from around 6% - 7% to approximately 2% - 3%.
Stockholders’ Equity
Total equity demonstrated a clear upward trend, increasing from approximately 47% - 49% of total liabilities and equity in the earlier periods to around 57% - 59% by December 2025. This increase was primarily driven by substantial growth in earnings reinvested, which rose from approximately 114% - 116% to over 107% in the final periods. Common stock without par value remained relatively stable, fluctuating around 4% - 5%. Common stock held in treasury exhibited a significant negative percentage, decreasing from approximately -67% to -58%, indicating a reduction in treasury stock. Accumulated other comprehensive loss remained consistently negative, but relatively stable, between -4% and -5%.
Notes and Loans Payable
Notes and loans payable showed considerable volatility, decreasing significantly from 5.45% in March 2021 to a low of 0.17% in December 2022, before increasing again to 2.07% by December 2025. This suggests active management of short-term borrowing.
Other Long-Term Obligations & Noncontrolling Interests
Other long-term obligations remained relatively stable, fluctuating between 5% and 7%. Noncontrolling interests consistently represented a small portion of total liabilities and equity, decreasing from around 2% to approximately 1.6%.

In summary, the observed trends suggest a strengthening equity position and a reduction in overall liabilities. The fluctuations in specific liability accounts indicate active financial management, while the growth in retained earnings reflects profitability. The decrease in long-term debt suggests a move towards a more conservative capital structure.

AI Ask an analyst for more