Balance Sheet: Assets
Quarterly Data
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.
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Exxon Mobil Corp. pages available for free this week:
- Common-Size Income Statement
- Analysis of Short-term (Operating) Activity Ratios
- Analysis of Long-term (Investment) Activity Ratios
- Enterprise Value to EBITDA (EV/EBITDA)
- Price to FCFE (P/FCFE)
- Dividend Discount Model (DDM)
- Net Profit Margin since 2005
- Return on Assets (ROA) since 2005
- Price to Earnings (P/E) since 2005
- Analysis of Debt
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Exxon Mobil Corp., consolidated balance sheet: assets (quarterly data)
US$ in millions
Based on: 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).
Total assets exhibited a steady upward trajectory from March 2021 through December 2023, followed by a substantial structural increase in the second quarter of 2024. Total assets rose from 333,770 million US dollars in March 2021 to 376,317 million US dollars by the end of 2023. A significant expansion occurred in June 2024, where total assets jumped to 460,707 million US dollars, subsequently stabilizing and reaching 464,410 million US dollars by March 2026.
- Liquidity and Cash Management
- Cash and cash equivalents experienced a period of aggressive accumulation between March 2021 and September 2023, peaking at 32,944 million US dollars. Following this peak, a consistent downward trend is observed, with cash reserves declining to 8,435 million US dollars by March 2026. This suggests a shift from cash accumulation to significant capital deployment during the latter half of the analyzed period.
- Fixed Asset Expansion
- Property, plant and equipment (PP&E), net, remained relatively stable or declined slightly between 2021 and early 2024, moving from 224,641 million US dollars to 213,723 million US dollars. However, a sharp increase is noted in June 2024, where the value surged to 298,283 million US dollars. This abrupt increase of approximately 84,560 million US dollars indicates a major acquisition or a massive investment in infrastructure that fundamentally altered the company's asset base.
- Working Capital Trends
- Notes and accounts receivable, net, showed a general long-term increase, starting at 24,755 million US dollars in March 2021 and spiking to 61,783 million US dollars by March 2026. Similarly, inventories trended upward, increasing from 18,357 million US dollars in March 2021 to a peak of 27,238 million US dollars in September 2025, before slightly moderating to 24,975 million US dollars in March 2026. These trends suggest an expansion in operational scale and credit extension to customers.
- Long-term Asset Composition
- Long-term assets mirrored the growth pattern of PP&E, rising from 285,575 million US dollars in March 2021 to 366,623 million US dollars in March 2026. The most significant growth occurred in the transition between March 2024 and June 2024, coinciding with the surge in net property, plant and equipment. Other assets, including intangibles, also saw a gradual increase from 16,753 million US dollars to 21,717 million US dollars over the full period.