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)

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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
Notes and loans payable 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 6.15 6.12 6.35 7.80
Accounts payable and accrued liabilities 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 10.58 9.31 9.19 10.07
Income taxes payable 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 0.21 0.34 0.30 0.34
Current liabilities 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% 16.94% 15.77% 15.84% 18.20%
Long-term debt, excluding due within one year 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 14.18 13.10 12.88 8.95
Postretirement benefits reserves 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 6.74 6.17 6.18 6.16
Deferred income tax liabilities 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 5.46 6.83 6.84 6.99
Long-term obligations to equity companies 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 0.98 0.97 1.06 1.13
Other long-term obligations 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 6.38 5.59 5.43 5.52
Long-term liabilities 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% 33.74% 32.67% 32.39% 28.75%
Total liabilities 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% 50.67% 48.44% 48.23% 46.95%
Common stock without par value 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 4.71 4.47 4.37 4.39
Earnings reinvested 104.95 103.84 101.24 100.56 121.28 120.62 120.92 122.43 119.27 117.28 114.51 110.91 111.00 115.68 114.93 113.83 114.74 115.38 113.88 114.01 117.18
Accumulated other comprehensive loss -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 -5.02 -5.64 -5.98 -6.84
Common stock held in treasury -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 -67.85 -63.16 -62.56 -63.56
Total ExxonMobil share of equity 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% 47.23% 49.55% 49.84% 51.17%
Noncontrolling interests 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 2.10 2.01 1.93 1.87
Total equity 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% 49.33% 51.56% 51.77% 53.05%
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%

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).

Notes and Loans Payable
The proportion of notes and loans payable relative to total liabilities and equity declined markedly from 7.8% at the beginning of 2020 to a low of 0.17% by the end of 2022. Subsequently, it rose gradually to stabilize roughly around 1.05% by early 2025, indicating a reduced reliance on short-term borrowings over this period.
Accounts Payable and Accrued Liabilities
This category showed an increasing trend from 10.07% in early 2020 to a peak of about 18.48% in the middle of 2022, before exhibiting a downward adjustment and some fluctuations, leveling near 14% to 16% by early 2025. This suggests a growing share of trade payables and accrued expenses within the liabilities structure, followed by some normalization.
Income Taxes Payable
The share of income taxes payable was relatively minor but grew steadily from around 0.3%-0.4% in 2020 to approximately 1.44% near late 2022. The ratio then oscillated modestly around 1% through to early 2025, reflecting varying tax obligations over the quarters.
Current Liabilities
Current liabilities as a percentage of total liabilities and equity fluctuated moderately, rising from 18.2% at Q1 2020 to a peak near 21.78% in mid-2022, before trending downward again to approximately 15.5%-16.3% by early 2025. This indicates changing short-term obligations with a transient peak around 2022.
Long-term Debt Excluding Due Within One Year
This liability component increased from 8.95% at the start of 2020 to over 14% in late 2020, then showed a gradual decline, reaching approximately 7.26% by Q1 2025. The data suggest an early increase in long-term borrowings followed by a moderate deleveraging trend through the later years.
Postretirement Benefits Reserves
These reserves progressively decreased from around 6.16% in early 2020 to about 2.22% by early 2025. The consistent downward trajectory points to a reduced burden or revaluation of postretirement obligations over time.
Deferred Income Tax Liabilities
The deferred income tax liabilities ratio remained relatively stable, fluctuating mostly between 5.4% and 6.5% up to 2023, then rising to approximately 8.65% by early 2025. This uptick suggests increased deferred tax liabilities in more recent periods.
Long-term Obligations to Equity Companies
There was a slight but steady decline in long-term obligations to equity companies from 1.13% at the start of 2020 to around 0.31% by early 2025, indicating reduced reliance or repayments of these obligations.
Other Long-term Obligations
This component was relatively stable, oscillating generally within the 5.4% to 6.5% range throughout the period, without notable upward or downward trends.
Long-term Liabilities
Long-term liabilities peaked around 33.7% at the end of 2020 and then experienced a gradual decline to about 23.96% by early 2025, signaling an overall reduction in long-term obligations as a share of total financing.
Total Liabilities
Total liabilities fluctuated between 43% and 50% throughout the period, reaching a high point near 50.9% in mid-2021 and then progressively decreasing to around 40.3% by early 2025. This suggests a modest reduction in total liabilities relative to total financing.
Common Stock Without Par Value
The share attributable to common stock without par value remained steady near 4.3%-4.7% from 2020 until early 2024, with a notable increase to around 10.2% by early 2025. This considerable rise may reflect stock issuance or revaluation events toward the end of the period.
Earnings Reinvested
The reinvested earnings component exhibited a slow decline from above 117% in early 2020 to about 100.56% by mid-2024, followed by a slight recovery to approximately 104.95% by early 2025, reflecting accumulated retained earnings fluctuations.
Accumulated Other Comprehensive Loss
This figure improved moderately from a loss of -6.84% to around -3.55% by late 2022 and further improved slightly to around -3.17% by early 2025, indicating a reduction in accumulated comprehensive losses over time.
Common Stock Held in Treasury
The treasury stock balance, negative as expected, was stable near -63% to -67% from 2020 through early 2024, but then declined sharply in magnitude to around -50% by early 2025, suggesting increased treasury stock activity or repurchases.
Total ExxonMobil Share of Equity
The share of total equity attributable to common shareholders generally increased, starting at about 51.17% in early 2020, dipping to below 47% by early 2022, and climbing steadily afterward to nearly 58% by early 2025. This indicates enhancement in shareholders' equity over the period.
Noncontrolling Interests
The noncontrolling interests remained relatively stable between 1.5% and 2.2%, with a slight downward trend toward the end of the period, settling around 1.57% by early 2025.
Total Equity
Total equity showed an overall upward trend from just over 53% in early 2020, dropping briefly below 50% in early 2021, then rising consistently to approach 60% by early 2025. This trend suggests strengthening equity relative to total financing.
Total Liabilities and Equity
By definition, this represents 100% at all points in time, confirming the balance sheet identity.