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.

Exxon Mobil Corp., consolidated balance sheet: assets (quarterly data)

US$ in millions

	Jun 30, 2025	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
Cash and cash equivalents	14,352)	17,036)	23,029)	26,926)	26,460)	33,320)	31,539)	32,944)	29,528)	32,651)	29,640)	30,407)	18,861)	11,074)	6,802)	4,768)	3,465)	3,515)	4,364)	8,832)	12,576)	11,412)
Cash and cash equivalents, restricted	1,359)	1,476)	158)	46)	28)	29)	29)	29)	29)	25)	25)	57)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Notes and accounts receivable, net	41,792)	46,303)	43,681)	41,505)	43,071)	40,366)	38,015)	41,814)	35,915)	38,808)	41,749)	42,411)	48,063)	42,142)	32,383)	29,516)	28,540)	24,755)	20,581)	19,974)	19,036)	20,871)
Crude oil, products and merchandise	21,364)	20,502)	19,444)	19,183)	19,685)	18,891)	20,528)	20,052)	20,006)	19,458)	20,434)	20,078)	19,580)	18,074)	14,519)	15,087)	14,711)	13,740)	14,169)	13,162)	15,028)	12,067)
Materials and supplies	4,007)	3,976)	4,080)	4,692)	4,818)	4,600)	4,592)	4,398)	4,243)	4,184)	4,001)	4,018)	4,005)	4,103)	4,261)	4,520)	4,564)	4,617)	4,681)	4,723)	4,629)	4,434)
Inventories	25,371)	24,478)	23,524)	23,875)	24,503)	23,491)	25,120)	24,450)	24,249)	23,642)	24,435)	24,096)	23,585)	22,177)	18,780)	19,607)	19,275)	18,357)	18,850)	17,885)	19,657)	16,501)
Other current assets	2,234)	1,940)	1,598)	1,997)	2,176)	2,171)	1,906)	1,905)	2,039)	2,098)	1,782)	2,318)	2,654)	1,862)	1,189)	1,664)	1,562)	1,568)	1,098)	2,002)	1,747)	1,465)
Current assets	85,108)	91,233)	91,990)	94,349)	96,238)	99,377)	96,609)	101,142)	91,760)	97,224)	97,631)	99,289)	93,163)	77,255)	59,154)	55,555)	52,842)	48,195)	44,893)	48,693)	53,016)	50,249)
Investments, advances and long-term receivables	46,092)	47,853)	47,200)	48,869)	47,948)	47,608)	47,630)	48,066)	47,273)	49,044)	49,793)	50,235)	46,820)	46,329)	45,195)	45,641)	44,774)	44,181)	43,515)	43,609)	43,192)	42,981)
Property, plant and equipment, net	295,356)	292,646)	294,318)	299,543)	298,283)	213,723)	214,940)	205,862)	206,736)	206,023)	204,692)	203,102)	209,159)	212,773)	216,552)	218,795)	223,012)	224,641)	227,553)	250,496)	250,524)	248,409)
Other assets, including intangibles, net	21,041)	20,176)	19,967)	19,155)	18,238)	17,210)	17,138)	17,189)	17,479)	17,080)	16,951)	17,526)	18,632)	18,414)	18,022)	16,697)	16,661)	16,753)	16,789)	15,245)	14,763)	14,165)
Long-term assets	362,489)	360,675)	361,485)	367,567)	364,469)	278,541)	279,708)	271,117)	271,488)	272,147)	271,436)	270,863)	274,611)	277,516)	279,769)	281,133)	284,447)	285,575)	287,857)	309,350)	308,479)	305,555)
Total assets	447,597)	451,908)	453,475)	461,916)	460,707)	377,918)	376,317)	372,259)	363,248)	369,371)	369,067)	370,152)	367,774)	354,771)	338,923)	336,688)	337,289)	333,770)	332,750)	358,043)	361,495)	355,804)

The analysis of financial data over the observed periods shows several notable trends and developments across major asset categories.

Cash and Cash Equivalents: There is considerable volatility in cash and cash equivalents, with a significant dip observed around the end of 2020, reaching the lowest point then and gradually increasing through 2021 and 2022. The peak was reached in the third quarter of 2022. Subsequently, amounts slightly declined but remained substantially higher compared to levels prior to 2021. Restricted cash amounts appeared starting the fourth quarter of 2022 with relatively small and stable values, then sharply increased in mid-2025.
Notes and Accounts Receivable, Net: The net receivables demonstrate an upward trajectory from 2020 through 2022, peaking in the second quarter of 2022. A decline follows in the ensuing quarters, yet the balance remains elevated relative to early 2020. The figure fluctuates moderately in 2023 and 2024 but decreases again by mid-2025.
Inventories (Crude Oil, Products and Merchandise; Materials and Supplies): Inventories combining crude oil, products, and merchandise show an overall increase with some oscillation throughout the period. A peak usage appears near late 2022, followed by moderate fluctuations. Materials and supplies depict a gradual downward trend within the entire timeframe, though relatively stable since 2022 with only minor variability.
Current Assets: The total current assets reveal a pattern of growth from early 2020 until the end of 2022, reaching a maximum in mid-2022. Afterward, there is a declining trajectory through 2023 into mid-2025, yet current assets remain higher than the early 2020 baseline.
Long-Term Assets: Long-term assets decreased moderately from 2020 through early 2023. However, a sharp and pronounced increase occurs in 2024, pushing the total beyond 360,000 million USD and maintaining elevated levels thereafter, substantially higher compared to previous years.
Property, Plant, and Equipment, Net: Net property, plant, and equipment showed a consistent decline from 2020 until early 2023, signaling possible depreciation, disposals, or reduced capital expenditures. In 2024, the category shows a remarkable surge, coinciding with the increase of total long-term assets, with values climbing close to 300,000 million USD, indicating new investments or asset revaluation.
Other Assets, Including Intangibles, Net: Other assets maintain relative stability with slight growth over the period, especially visible around 2024 and forward, suggesting steady accumulation or appreciation of intangible assets.
Total Assets: Total assets experience a decline from early 2020 to late 2020, followed by a steady recovery and incremental growth through 2022. A dramatic increase occurs in 2024, attributed primarily to the growth in long-term assets and property, plant, and equipment, stabilizing afterward at a higher asset base near the mid-460,000 million USD range.

Overall, the financial data exhibits cyclical fluctuations in liquidity and working capital components, coupled with significant asset base expansion beginning in 2024. The increase in long-term assets and fixed assets suggests strategic capital investments or asset revaluations during this latter period. Liquidity metrics show recovery post-2020 downturn but experience some tightening toward mid-2025. Inventory management appears to reflect operational adjustments through the timespan. The asset structure evolution conveys a shift towards a more capital-intensive profile recently.

Assets: Selected Items

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Exxon Mobil Corp. (NYSE:XOM)

Balance Sheet: AssetsQuarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data