Balance Sheet: Assets

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Assets are resources controlled by the company as a result of past events and from which future economic benefits are expected to flow to the entity.

Exxon Mobil Corp., consolidated balance sheet: assets

US$ in millions

	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash and cash equivalents	10,681)	23,029)	31,539)	29,640)	6,802)
Cash and cash equivalents, restricted	—)	158)	29)	25)	—)
Notes and accounts receivable, trade, less reserves	35,744)	35,282)	30,296)	32,844)	26,883)
Notes and accounts receivable, other, less reserves	8,818)	8,399)	7,719)	8,905)	5,500)
Notes and accounts receivable, net	44,562)	43,681)	38,015)	41,749)	32,383)
Inventories	26,302)	23,524)	25,120)	24,435)	18,780)
Other current assets	1,837)	1,598)	1,906)	1,782)	1,189)
Current assets	83,382)	91,990)	96,609)	97,631)	59,154)
Investments	32,653)	34,010)	34,080)	34,522)	31,225)
Advances, net of allowances	6,130)	7,084)	7,527)	8,049)	8,326)
Equity method company investments and advances	38,783)	41,094)	41,607)	42,571)	39,551)
Equity securities carried at fair value and other investments at adjusted cost basis	271)	343)	177)	278)	138)
Long-term receivables and miscellaneous, net of reserves	6,263)	5,763)	5,846)	6,944)	5,506)
Investments, advances and long-term receivables	45,317)	47,200)	47,630)	49,793)	45,195)
Property, plant and equipment, at cost, less accumulated depreciation and depletion	299,373)	294,318)	214,940)	204,692)	216,552)
Other assets, including intangibles, net	20,908)	19,967)	17,138)	16,951)	18,022)
Long-term assets	365,598)	361,485)	279,708)	271,436)	279,769)
Total assets	448,980)	453,475)	376,317)	369,067)	338,923)

Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31).

Total assets experienced significant fluctuation over the five-year period, increasing from US$338.923 billion in 2021 to US$369.067 billion in 2022, then peaking at US$453.475 billion in 2024 before decreasing slightly to US$448.980 billion in 2025. This overall increase suggests expansion of the company’s resource base and operations. A substantial shift is observed in the composition of assets, particularly in cash holdings and property, plant, and equipment.

Current Assets: Current assets demonstrated a marked increase from US$59.154 billion in 2021 to US$97.631 billion in 2022, largely driven by a surge in cash and cash equivalents and notes receivable. However, current assets decreased to US$83.382 billion by 2025. The volatility in cash and cash equivalents is particularly noteworthy, rising from US$6.802 billion in 2021 to US$29.640 billion in 2022 and US$31.539 billion in 2023, then declining to US$10.681 billion in 2025. Inventories also exhibited an upward trend, increasing from US$18.780 billion to US$26.302 billion over the period.
Investments: Investments, advances, and long-term receivables remained relatively stable between US$45.195 billion and US$49.793 billion from 2021 to 2023, before decreasing to US$45.317 billion in 2025. Within this category, equity method company investments and advances showed a slight decrease from US$39.551 billion in 2021 to US$38.783 billion in 2025. The equity securities carried at fair value component remained small, fluctuating between US$138 million and US$343 million.
Property, Plant, and Equipment: Property, plant, and equipment experienced a significant increase, particularly in 2024, rising from US$216.552 billion in 2021 to US$294.318 billion in 2024, and further to US$299.373 billion in 2025. This substantial growth suggests considerable investment in long-term productive assets. The value decreased in 2022 to US$204.692 billion, before increasing again.
Other Assets: Other assets, including intangibles, net, showed a consistent, albeit modest, increase from US$18.022 billion in 2021 to US$20.908 billion in 2025. This indicates a gradual accumulation of non-physical assets.

The observed trends suggest a strategic shift in asset allocation, with a notable increase in long-term assets, particularly property, plant, and equipment, alongside fluctuating levels of current assets, especially cash and cash equivalents. The company appears to be reinvesting in its core operations while managing its short-term liquidity.

Assets: Selected Items

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Current Assets: Selected Items

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Exxon Mobil Corp. (NYSE:XOM)

Balance Sheet: Assets

Assets: Selected Items

Current Assets: Selected Items