Income Statement
Quarterly Data

The income statement presents information on the financial results of a company business activities over a period of time. The income statement communicates how much revenue the company generated during a period and what cost it incurred in connection with generating that revenue.

Exxon Mobil Corp., consolidated income statement (quarterly data)

US$ in millions

3 months ended:	Jun 30, 2026	Mar 31, 2026	Dec 31, 2025	Sep 30, 2025	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
Sales and other operating revenue	114,529)	83,161)	80,039)	83,331)	79,477)	81,058)	81,058)	87,792)	89,986)	80,411)	81,688)	88,570)	80,795)	83,644)	93,164)	106,512)	111,265)	87,734)	81,305)	71,892)	65,943)	57,552)
Income from equity affiliates	893)	1,369)	966)	1,267)	1,462)	1,369)	1,127)	1,481)	1,744)	1,842)	1,165)	1,457)	1,382)	2,381)	605)	4,632)	3,688)	2,538)	2,078)	1,670)	1,436)	1,473)
Other income	595)	608)	1,303)	696)	567)	703)	1,241)	743)	1,330)	830)	1,491)	733)	737)	539)	1,660)	926)	728)	228)	1,582)	224)	363)	122)
Revenues and other income	116,017)	85,138)	82,308)	85,294)	81,506)	83,130)	83,426)	90,016)	93,060)	83,083)	84,344)	90,760)	82,914)	86,564)	95,429)	112,070)	115,681)	90,500)	84,965)	73,786)	67,742)	59,147)
Crude oil and product purchases	(67,801)	(51,802)	(44,205)	(47,928)	(45,327)	(46,788)	(46,393)	(51,261)	(54,199)	(47,601)	(46,352)	(53,076)	(47,598)	(46,003)	(50,761)	(60,197)	(65,613)	(52,388)	(45,489)	(39,745)	(37,329)	(32,601)
Production and manufacturing expenses	(12,250)	(10,695)	(12,145)	(10,094)	(10,102)	(10,083)	(10,833)	(9,881)	(9,804)	(9,091)	(9,893)	(8,696)	(8,860)	(9,436)	(13,365)	(11,317)	(10,686)	(10,241)	(10,783)	(8,719)	(8,471)	(8,062)
Selling, general and administrative expenses	(2,483)	(2,684)	(3,028)	(3,032)	(2,528)	(2,540)	(2,617)	(2,296)	(2,568)	(2,495)	(2,591)	(2,489)	(2,449)	(2,390)	(2,832)	(2,324)	(2,530)	(2,409)	(2,514)	(2,287)	(2,345)	(2,428)
Depreciation and depletion, includes impairments	(8,689)	(6,771)	(7,715)	(6,475)	(6,101)	(5,702)	(6,585)	(6,258)	(5,787)	(4,812)	(7,740)	(4,415)	(4,242)	(4,244)	(5,064)	(5,642)	(4,451)	(8,883)	(5,661)	(4,990)	(4,952)	(5,004)
Exploration expenses, including dry holes	(155)	(126)	(543)	(149)	(251)	(64)	(186)	(339)	(153)	(148)	(139)	(338)	(133)	(141)	(348)	(218)	(286)	(173)	(524)	(190)	(176)	(164)
Other taxes and duties	(4,956)	(5,736)	(6,400)	(6,475)	(6,257)	(6,035)	(6,671)	(6,715)	(6,579)	(6,323)	(6,515)	(7,712)	(7,563)	(7,221)	(6,910)	(6,587)	(6,868)	(7,554)	(7,944)	(7,889)	(7,746)	(6,660)
Operating income	19,683)	7,324)	8,272)	11,141)	10,940)	11,918)	10,141)	13,266)	13,970)	12,613)	11,114)	14,034)	12,069)	17,129)	16,149)	25,785)	25,247)	8,852)	12,050)	9,966)	6,723)	4,228)
Non-service pension and postretirement benefit expense	(32)	(62)	(78)	(119)	(90)	(113)	(31)	(33)	(34)	(23)	(217)	(166)	(164)	(167)	(100)	(154)	(120)	(108)	(100)	(146)	(162)	(378)
Interest expense	(227)	(295)	(163)	(90)	(145)	(205)	(297)	(207)	(271)	(221)	(272)	(169)	(249)	(159)	(207)	(209)	(194)	(188)	(221)	(214)	(254)	(258)
Income before income taxes	19,424)	6,967)	8,031)	10,932)	10,705)	11,600)	9,813)	13,026)	13,665)	12,369)	10,625)	13,699)	11,656)	16,803)	15,842)	25,422)	24,933)	8,556)	11,729)	9,606)	6,307)	3,592)
Income tax expense	(4,543)	(2,495)	(1,422)	(3,164)	(3,351)	(3,567)	(1,858)	(4,055)	(4,094)	(3,803)	(2,613)	(4,353)	(3,503)	(4,960)	(5,787)	(5,224)	(6,359)	(2,806)	(2,650)	(2,664)	(1,526)	(796)
Net income including noncontrolling interests	14,881)	4,472)	6,609)	7,768)	7,354)	8,033)	7,955)	8,971)	9,571)	8,566)	8,012)	9,346)	8,153)	11,843)	10,055)	20,198)	18,574)	5,750)	9,079)	6,942)	4,781)	2,796)
Net income attributable to noncontrolling interests	(356)	(289)	(108)	(220)	(272)	(320)	(345)	(361)	(331)	(346)	(382)	(276)	(273)	(413)	(305)	(538)	(724)	(270)	(209)	(192)	(91)	(66)
Net income attributable to ExxonMobil	14,525)	4,183)	6,501)	7,548)	7,082)	7,713)	7,610)	8,610)	9,240)	8,220)	7,630)	9,070)	7,880)	11,430)	9,750)	19,660)	17,850)	5,480)	8,870)	6,750)	4,690)	2,730)

Financial performance across the analyzed period is characterized by significant volatility in top-line revenue and corresponding fluctuations in net income, reflecting the cyclical nature of the energy sector. A period of aggressive growth peaked in mid-2022, followed by a phase of stabilization and a subsequent sharp increase in the second quarter of 2026.

Revenue and Income Trends: Sales and other operating revenue grew steadily from 57,552 million USD in March 2021 to a peak of 111,265 million USD in June 2022. Following this peak, revenues entered a period of consolidation, generally fluctuating between 80,000 million USD and 90,000 million USD through 2024 and 2025. A notable surge occurred in June 2026, where revenue rose sharply to 114,529 million USD.
Operating Cost Structure: Crude oil and product purchases represent the most significant and volatile expense, closely tracking revenue trends. These costs peaked at 65,613 million USD in June 2022 and reached another high of 67,801 million USD in June 2026. In contrast, selling, general, and administrative expenses remained remarkably stable, consistently ranging between 2.3 billion USD and 3.0 billion USD regardless of revenue fluctuations, indicating a disciplined fixed-cost overhead structure.
Operational Profitability: Operating income exhibited extreme variance, rising from 4,228 million USD in March 2021 to a peak of 25,785 million USD in September 2022. From 2023 through early 2026, operating income stabilized within a band of 7,324 million USD to 14,034 million USD before spiking to 19,683 million USD in June 2026. This suggests that profit margins expanded significantly during high-commodity-price environments.
Net Income and Bottom Line Performance: Net income attributable to ExxonMobil followed the trajectory of operating income, reaching a maximum of 19,660 million USD in September 2022. The subsequent period saw a normalization of earnings, with quarterly net income typically falling between 6.5 billion USD and 9.2 billion USD. The period concluded with a substantial increase to 14,525 million USD in June 2026, mirroring the spike in operating revenue.
Non-Operating Expenses and Taxes: Interest expenses remained relatively low and stable, rarely exceeding 300 million USD per quarter. Income tax expenses shifted in correlation with taxable income, peaking at 6,359 million USD in June 2022. Depreciation and depletion charges showed intermittent spikes, most notably in December 2023 and June 2026, which may be attributed to asset impairments or accelerated depreciation schedules.

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Exxon Mobil Corp. (NYSE:XOM)

Income Statement Quarterly Data

Income Statement
Quarterly Data