Adjustments to Current Assets
Adjustments to Total Assets
Adjustments to Current Liabilities
Adjustments to Total Liabilities
Adjustments to Stockholders’ Equity
Adjustments to Capitalization Table
Adjustments to Reported Income

Exxon Mobil Corp., adjusted current assets

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Current assets	96,609)	97,631)	59,154)	44,893)	50,052)
Adjustments
Add: Reserves	271)	570)	540)	474)	405)
Add: LIFO reserve¹	14,000)	14,900)	14,000)	5,400)	9,700)
After Adjustment
Adjusted current assets	110,880)	113,101)	73,694)	50,767)	60,157)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ LIFO reserve. See details »

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Exxon Mobil Corp., adjusted total assets

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Total assets	376,317)	369,067)	338,923)	332,750)	362,597)
Adjustments
Add: Operating lease right-of-use asset (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Add: Reserves	271)	570)	540)	474)	405)
Add: LIFO reserve²	14,000)	14,900)	14,000)	5,400)	9,700)
Less: Deferred income tax assets (included in Other assets, including intangibles, net)³	3,637)	3,825)	4,450)	4,159)	3,268)
After Adjustment
Adjusted total assets	386,951)	380,712)	349,013)	334,465)	369,434)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ Operating lease right-of-use asset (before adoption of FASB Topic 842). See details »

² LIFO reserve. See details »

³ Deferred income tax assets (included in Other assets, including intangibles, net). See details »

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Exxon Mobil Corp., adjusted current liabilities

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Current liabilities	65,316)	69,045)	56,643)	56,363)	63,989)
Adjustments
Less: Current restructuring reserves	—)	—)	77)	403)	—)
After Adjustment
Adjusted current liabilities	65,316)	69,045)	56,566)	55,960)	63,989)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

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Exxon Mobil Corp., adjusted total liabilities

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Total liabilities	163,779)	166,594)	163,240)	168,620)	163,659)
Adjustments
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Less: Deferred income tax liabilities²	24,452)	22,874)	20,165)	18,165)	25,620)
Less: Restructuring reserves	—)	—)	77)	403)	—)
After Adjustment
Adjusted total liabilities	139,327)	143,720)	142,998)	150,052)	138,039)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Deferred income tax liabilities. See details »

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Exxon Mobil Corp., adjusted total ExxonMobil share of equity

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Total ExxonMobil share of equity	204,802)	195,049)	168,577)	157,150)	191,650)
Adjustments
Less: Net deferred tax assets (liabilities)¹	(20,815)	(19,049)	(15,715)	(14,006)	(22,352)
Add: Reserves	271)	570)	540)	474)	405)
Add: LIFO reserve²	14,000)	14,900)	14,000)	5,400)	9,700)
Add: Restructuring reserves	—)	—)	77)	403)	—)
Add: Noncontrolling interests	7,736)	7,424)	7,106)	6,980)	7,288)
After Adjustment
Adjusted total equity	247,624)	236,992)	206,015)	184,413)	231,395)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ Net deferred tax assets (liabilities). See details »

² LIFO reserve. See details »

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Exxon Mobil Corp., adjusted capitalization table

US$ in millions

	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Notes and loans payable	4,090)	634)	4,276)	20,458)	20,578)
Long-term debt, excluding due within one year	37,483)	40,559)	43,428)	47,182)	26,342)
Total reported debt	41,573)	41,193)	47,704)	67,640)	46,920)
Total ExxonMobil share of equity	204,802)	195,049)	168,577)	157,150)	191,650)
Total reported capital	246,375)	236,242)	216,281)	224,790)	238,570)
Adjustments to Debt
Add: Operating lease liability (before adoption of FASB Topic 842)¹	—)	—)	—)	—)	—)
Add: Operating lease liability due within one year (included in Accounts payable and accrued liabilities)²	1,617)	1,527)	1,367)	1,168)	1,211)
Add: Long-term operating lease liability (included in Other long-term obligations)³	4,393)	4,067)	3,823)	3,994)	4,482)
Adjusted total debt	47,583)	46,787)	52,894)	72,802)	52,613)
Adjustments to Equity
Less: Net deferred tax assets (liabilities)⁴	(20,815)	(19,049)	(15,715)	(14,006)	(22,352)
Add: Reserves	271)	570)	540)	474)	405)
Add: LIFO reserve⁵	14,000)	14,900)	14,000)	5,400)	9,700)
Add: Restructuring reserves	—)	—)	77)	403)	—)
Add: Noncontrolling interests	7,736)	7,424)	7,106)	6,980)	7,288)
Adjusted total equity	247,624)	236,992)	206,015)	184,413)	231,395)
After Adjustment
Adjusted total capital	295,207)	283,779)	258,909)	257,215)	284,008)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ Operating lease liability (before adoption of FASB Topic 842). See details »

² Operating lease liability due within one year (included in Accounts payable and accrued liabilities). See details »

³ Long-term operating lease liability (included in Other long-term obligations). See details »

⁴ Net deferred tax assets (liabilities). See details »

⁵ LIFO reserve. See details »

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Exxon Mobil Corp., adjusted net income (loss) attributable to ExxonMobil

US$ in millions

12 months ended:	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
As Reported
Net income (loss) attributable to ExxonMobil	36,010)	55,740)	23,040)	(22,440)	14,340)
Adjustments
Add: Deferred income tax expense (benefit)¹	944)	3,583)	(44)	(8,052)	(675)
Add: Increase (decrease) in reserves	(299)	30)	66)	69)	5)
Add: Increase (decrease) in LIFO reserve²	(1,000)	900)	8,600)	(4,300)	1,500)
Add: Increase (decrease) in restructuring reserves	—)	(77)	(326)	403)	—)
Add: Other comprehensive income, net of income taxes	1,542)	316)	3,169)	2,856)	225)
Add: Comprehensive income (loss), net of tax, attributable to noncontrolling interest	1,605)	1,659)	786)	(743)	588)
After Adjustment
Adjusted net income (loss) including noncontrolling interests	38,802)	62,151)	35,291)	(32,207)	15,983)

Based on: 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31).

¹ Deferred income tax expense (benefit). See details »

² Increase (decrease) in LIFO reserve. See details »

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Exxon Mobil Corp. (NYSE:XOM)

Adjustments to Financial Statements

Adjustments to Current Assets

Adjustments to Total Assets

Adjustments to Current Liabilities

Adjustments to Total Liabilities

Adjustments to Stockholders’ Equity

Adjustments to Capitalization Table

Adjustments to Reported Income