Stock Analysis on Net

Exxon Mobil Corp. (NYSE:XOM)

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

Microsoft Excel
Dec 31, 2023 Dec 31, 2022 Dec 31, 2021 Dec 31, 2020 Dec 31, 2019
Cash and cash equivalents 31,539 29,640 6,802 4,364 3,089
Cash and cash equivalents, restricted 29 25
Notes and accounts receivable, trade, less reserves 30,296 32,844 26,883 16,339 21,100
Notes and accounts receivable, other, less reserves 7,719 8,905 5,500 4,242 5,866
Notes and accounts receivable, net 38,015 41,749 32,383 20,581 26,966
Inventories 25,120 24,435 18,780 18,850 18,528
Other current assets 1,906 1,782 1,189 1,098 1,469
Current assets 96,609 97,631 59,154 44,893 50,052
Investments 34,080 34,522 31,225 29,772 29,291
Advances, net of allowances 7,527 8,049 8,326 8,812 8,542
Equity method company investments and advances 41,607 42,571 39,551 38,584 37,833
Equity securities carried at fair value and other investments at adjusted cost basis 177 278 138 143 190
Long-term receivables and miscellaneous, net of reserves 5,846 6,944 5,506 4,788 5,141
Investments, advances and long-term receivables 47,630 49,793 45,195 43,515 43,164
Property, plant and equipment, at cost, less accumulated depreciation and depletion 214,940 204,692 216,552 227,553 253,018
Other assets, including intangibles, net 17,138 16,951 18,022 16,789 16,363
Long-term assets 279,708 271,436 279,769 287,857 312,545
Total assets 376,317 369,067 338,923 332,750 362,597

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).


Assets: Selected Items

Balance sheet item Description The company
Current assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold, or consumed within one year (or the normal operating cycle, if longer). Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Exxon Mobil Corp. current assets increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Property, plant and equipment, at cost, less accumulated depreciation and depletion Amount after accumulated depreciation, depletion and amortization of physical assets used in the normal conduct of business to produce goods and services and not intended for resale. Examples include, but are not limited to, land, buildings, machinery and equipment, office equipment, and furniture and fixtures. Exxon Mobil Corp. property, plant and equipment, at cost, less accumulated depreciation and depletion decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.
Long-term assets Sum of the carrying amounts as of the balance sheet date of all assets that are expected to be realized in cash, sold or consumed after one year or beyond the normal operating cycle, if longer. Exxon Mobil Corp. long-term assets decreased from 2021 to 2022 but then increased from 2022 to 2023 not reaching 2021 level.
Total assets Sum of the carrying amounts as of the balance sheet date of all assets that are recognized. Assets are probable future economic benefits obtained or controlled by an entity as a result of past transactions or events. Exxon Mobil Corp. total assets increased from 2021 to 2022 and from 2022 to 2023.

Current Assets: Selected Items

Balance sheet item Description The company
Cash and cash equivalents Amount of currency on hand as well as demand deposits with banks or financial institutions. Includes other kinds of accounts that have the general characteristics of demand deposits. Also includes short-term, highly liquid investments that are both readily convertible to known amounts of cash and so near their maturity that they present insignificant risk of changes in value because of changes in interest rates. Excludes cash and cash equivalents within disposal group and discontinued operation. Exxon Mobil Corp. cash and cash equivalents increased from 2021 to 2022 and from 2022 to 2023.
Notes and accounts receivable, trade, less reserves Amount due from customers or clients, within one year of the balance sheet date (or the normal operating cycle, whichever is longer), for goods or services (including trade receivables) that have been delivered or sold in the normal course of business, reduced to the estimated net realizable fair value by an allowance established by the entity of the amount it deems uncertain of collection. Exxon Mobil Corp. notes and accounts receivable, trade, less reserves increased from 2021 to 2022 but then slightly decreased from 2022 to 2023.
Inventories Amount after valuation and LIFO reserves of inventory expected to be sold, or consumed within one year or operating cycle, if longer. Exxon Mobil Corp. inventories increased from 2021 to 2022 and from 2022 to 2023.