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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)

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Jun 30, 2026 Mar 31, 2026 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 2.18 3.13 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 16.04 16.60 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 0.90 0.59 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 19.12% 20.32% 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 6.94 7.13 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 1.95 1.93 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 8.51 8.62 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 0.12 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 6.06 5.68 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 23.58% 23.48% 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 42.71% 43.80% 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 10.04 10.00 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 106.05 103.86 107.46 105.73 106.58 104.95 103.84 101.24 100.56 121.28 120.62 120.92 122.43 119.27 117.28 114.51 110.91 111.00 115.68 114.93 113.83 114.74
Accumulated other comprehensive loss -2.49 -2.39 -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 -57.76 -56.69 -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 55.84% 54.78% 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 1.45 1.42 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 57.29% 56.20% 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% 100.00% 100.00%

Based on: 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 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 capital structure exhibits a strategic shift from a balanced liability-equity distribution toward a more equity-heavy position. Total liabilities decreased from 50.83% in March 2021 to 42.71% by June 2026, while total equity rose from 49.17% to 57.29% over the same period. This transition indicates a reduction in financial leverage and an increase in the company's solvency margin.

Debt and Short-Term Obligation Trends
Long-term debt, excluding amounts due within one year, shows a consistent and significant downward trajectory, falling from 13.52% in March 2021 to 6.94% by June 2026. Current liabilities experienced higher volatility, peaking at 21.78% in June 2022 before stabilizing in the 15% to 19% range. Notes and loans payable remained relatively low throughout the period, with a notable dip to 0.17% in December 2022 followed by a gradual increase to 2.18% by June 2026.
Equity Composition and Structural Shifts
A significant structural adjustment in equity is observed around June 2024. Common stock without par value increased from approximately 4.7% to over 10%, while the negative impact of common stock held in treasury moderated from approximately -68% to -57%. Earnings reinvested remained the dominant component of equity, though the percentage shifted from peaks above 120% prior to June 2024 to a range between 100% and 107% in the subsequent periods. Total ExxonMobil share of equity grew from 47.03% to 55.84%, reflecting stronger internal capitalization.
Long-Term Liability Dynamics
Long-term liabilities overall declined from 32.81% to 23.58%. This was driven largely by a steady reduction in postretirement benefits reserves, which fell from 6.54% to 1.95%. Conversely, deferred income tax liabilities increased in prominence, rising from 5.43% in March 2021 to a plateau between 8.5% and 8.9% starting in mid-2024, becoming a larger relative component of the remaining long-term obligations.

The overall trend suggests a deliberate deleveraging process characterized by the aggressive reduction of long-term debt and a simultaneous expansion of the equity base. The balance sheet has evolved to be less reliant on external borrowing and more supported by reinvested earnings and equity holdings.

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