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

	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	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	1,476)	158)	46)	28)	29)	29)	29)	29)	25)	25)	57)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Notes and accounts receivable, net	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	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	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	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	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	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	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	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	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	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	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)

Cash and cash equivalents: The cash balance exhibited notable fluctuations over the observed periods. Initially declining sharply from March to December 2020, the cash position subsequently increased significantly through 2022, reaching a peak in the third quarter of 2022. The following quarters showed moderate volatility but remained relatively strong until a decline started in 2024, with the cash balance decreasing substantially by March 2025.
Cash and cash equivalents, restricted: This category was relatively stable with minimal amounts recorded from late 2022 onward. However, a substantial increase in restricted cash was observed in the last two quarters of the data, especially by March 2025, indicating possible new restrictions or earmarked funds.
Notes and accounts receivable, net: Receivables saw general growth, rising steadily from 2020 through most of 2021 and early 2022. The values entered a more volatile phase thereafter, with minor declines but followed by an overall upward trend approaching March 2025, reflecting strong operational activity and possibly varying credit terms or sales volume.
Crude oil, products and merchandise: Inventory specific to crude oil and products maintained relative stability across the years with moderate quarters of increase and decrease. Generally, the inventory levels increased from 2020 to 2022, remained stable in 2023, and showed fluctuations in 2024 and early 2025 that indicate adjustments in inventory management or market conditions.
Materials and supplies: There was a gradual decrease in materials and supplies from early 2020 to late 2022, with marginal recovery in some periods of 2023. However, the overall trend declined into 2025, suggesting either improved inventory efficiency or reduced procurement.
Inventories (aggregate): Total inventories (aggregating crude oil, products, merchandise, and materials) generally trended upward until the end of 2023, with peaks occurring intermittently. However, a slight decline began in late 2024 extending into early 2025, signaling potential drawdowns or sales outpacing replenishment.
Other current assets: Current assets other than cash, receivables, and inventories exhibited irregular patterns with no clear upward or downward trend. Peaks in mid-2022 were followed by a gradual reduction into 2025, denoting variability in short-term assets or possibly cyclical changes in prepaid expenses or other receivables.
Current assets (total): Total current assets followed a growth trajectory from early 2020 through early 2022, reaching a high point in 2022. Following this, there was a contraction in current assets for most of 2023 and 2024, continuing into early 2025, illustrating a tightening of short-term liquidity or working capital.
Investments, advances and long-term receivables: This asset category remained fairly consistent in magnitude over the entire period, showing only mild fluctuations without significant growth or decline, indicating stable investment and receivable management over the longer term.
Property, plant and equipment, net: Net property, plant, and equipment showed a decreasing trend from 2020 through 2023, likely reflective of depreciation and lower capital expenditures or asset disposals. There was a conspicuous and sharp increase starting in 2024, surging above previous levels and reaching a peak by December 2024 before slightly decreasing by March 2025, possibly indicating major asset acquisitions or revaluation adjustments.
Other assets, including intangibles, net: This category has seen a generally steady increase over the examined period, with incremental growth pointing to either acquisition of intangible assets or capitalized costs that enhance the asset base progressively.
Long-term assets (total): Long-term assets followed a decreasing pattern beginning around 2020 until early 2024. Subsequently, a dramatic increase occurred in 2024, peaking and then slightly declining by early 2025. This aligns with the surge in property, plant, and equipment, suggesting large-scale long-term asset investments or reevaluations during this timeframe.
Total assets: Total assets revealed a downward trend from 2020 until approximately 2023, after which a significant increase took place in 2024. This sharp rise aligns with the growth in long-term assets and property, plant, and equipment. By early 2025, total assets showed a slight decrease but remained elevated compared to prior years, indicative of an expanded asset base and potentially increased operational capacity or investment.

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Exxon Mobil Corp. (NYSE:XOM)

Balance Sheet: Assets Quarterly Data

Assets: Selected Items

Current Assets: Selected Items

Balance Sheet: Assets
Quarterly Data