Balance Sheet: Liabilities and Stockholders’ Equity
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.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Exxon Mobil Corp., consolidated balance sheet: liabilities and stockholders’ equity (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
Notes and loans payable	5,419)	4,728)	4,955)	5,632)	6,621)	8,227)	4,090)	4,743)	3,929)	2,296)	634)	6,182)	7,367)	4,886)	4,276)	12,966)	15,293)	18,185)	20,458)	21,911)	22,952)	27,755)
Accounts payable and accrued liabilities	59,725)	63,987)	61,297)	60,518)	60,107)	59,531)	58,037)	62,257)	54,404)	59,935)	63,197)	62,550)	67,958)	63,501)	50,766)	47,257)	45,780)	41,017)	35,221)	33,340)	33,216)	35,815)
Income taxes payable	3,017)	5,114)	4,055)	3,843)	4,035)	4,163)	3,189)	4,186)	3,482)	4,435)	5,214)	5,325)	4,785)	3,672)	1,601)	1,633)	1,165)	948)	684)	1,217)	1,102)	1,203)
Current liabilities	68,161)	73,829)	70,307)	69,993)	70,763)	71,921)	65,316)	71,186)	61,815)	66,666)	69,045)	74,057)	80,110)	72,059)	56,643)	61,856)	62,238)	60,150)	56,363)	56,468)	57,270)	64,773)
Long-term debt, excluding due within one year	33,570)	32,823)	36,755)	36,918)	36,565)	32,213)	37,483)	36,510)	37,567)	39,150)	40,559)	39,246)	39,516)	42,651)	43,428)	43,639)	45,319)	45,137)	47,182)	46,888)	46,563)	31,857)
Postretirement benefits reserves	10,352)	10,015)	9,700)	10,677)	10,398)	10,475)	10,496)	10,174)	10,278)	10,183)	10,045)	16,799)	17,408)	18,255)	18,430)	21,060)	22,082)	21,835)	22,415)	22,097)	22,341)	21,913)
Deferred income tax liabilities	39,368)	39,091)	39,042)	40,281)	40,080)	24,106)	24,452)	23,912)	23,460)	23,195)	22,874)	21,274)	20,807)	19,533)	20,165)	19,008)	18,511)	18,113)	18,165)	24,467)	24,725)	24,863)
Long-term obligations to equity companies	1,113)	1,381)	1,346)	1,637)	1,612)	1,909)	1,804)	2,076)	2,036)	2,376)	2,338)	2,647)	2,617)	2,875)	2,857)	3,060)	3,038)	3,279)	3,253)	3,486)	3,831)	4,024)
Other long-term obligations	25,071)	24,963)	25,719)	26,010)	25,023)	24,242)	24,228)	20,868)	21,095)	21,387)	21,733)	23,086)	22,808)	22,872)	21,717)	20,559)	20,545)	21,155)	21,242)	20,025)	19,612)	19,631)
Long-term liabilities	109,474)	108,273)	112,562)	115,523)	113,678)	92,945)	98,463)	93,540)	94,436)	96,291)	97,549)	103,052)	103,156)	106,186)	106,597)	107,326)	109,495)	109,519)	112,257)	116,963)	117,072)	102,288)
Total liabilities	177,635)	182,102)	182,869)	185,516)	184,441)	164,866)	163,779)	164,726)	156,251)	162,957)	166,594)	177,109)	183,266)	178,245)	163,240)	169,182)	171,733)	169,669)	168,620)	173,431)	174,342)	167,061)
Common stock without par value	46,629)	46,426)	46,238)	46,936)	46,781)	17,971)	17,781)	16,165)	16,029)	15,904)	15,752)	16,106)	16,018)	15,879)	15,746)	16,104)	16,006)	15,884)	15,688)	15,997)	15,812)	15,636)
Earnings reinvested	477,061)	474,290)	470,903)	467,664)	463,294)	458,339)	453,927)	450,138)	444,731)	440,552)	432,860)	423,877)	407,902)	393,779)	392,059)	386,952)	383,922)	382,953)	383,943)	407,728)	412,124)	416,919)
Accumulated other comprehensive loss	(12,436)	(14,338)	(14,619)	(11,959)	(13,187)	(13,169)	(11,989)	(13,088)	(12,657)	(13,095)	(13,270)	(17,803)	(15,017)	(12,914)	(13,764)	(16,696)	(15,586)	(16,090)	(16,705)	(20,189)	(21,617)	(24,339)
Common stock held in treasury	(248,661)	(243,658)	(238,817)	(234,049)	(228,483)	(257,891)	(254,917)	(253,512)	(249,057)	(244,676)	(240,293)	(236,080)	(231,587)	(227,529)	(225,464)	(225,771)	(225,771)	(225,773)	(225,776)	(226,136)	(226,136)	(226,137)
Total ExxonMobil share of equity	262,593)	262,720)	263,705)	268,592)	268,405)	205,250)	204,802)	199,703)	199,046)	198,685)	195,049)	186,100)	177,316)	169,215)	168,577)	160,589)	158,571)	156,974)	157,150)	177,400)	180,183)	182,079)
Noncontrolling interests	7,369)	7,086)	6,901)	7,808)	7,861)	7,802)	7,736)	7,830)	7,951)	7,729)	7,424)	6,943)	7,192)	7,311)	7,106)	6,917)	6,985)	7,127)	6,980)	7,212)	6,970)	6,664)
Total equity	269,962)	269,806)	270,606)	276,400)	276,266)	213,052)	212,538)	207,533)	206,997)	206,414)	202,473)	193,043)	184,508)	176,526)	175,683)	167,506)	165,556)	164,101)	164,130)	184,612)	187,153)	188,743)
Total liabilities and equity	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)

Notes and loans payable: The notes and loans payable demonstrated an overall declining trend from early 2020 through the end of 2021, dropping significantly from $27.8 billion to approximately $4.3 billion. However, starting in 2022, this line item shows fluctuations with an increase mid-year followed by subsequent decreases, ending near $5.4 billion in mid-2025. This pattern suggests a substantial reduction in short-term borrowings by the end of 2021, followed by attempts to manage liquidity with some short-term borrowing increases thereafter.
Accounts payable and accrued liabilities: These liabilities increased steadily from $35.8 billion in March 2020 to a peak above $67.9 billion in mid-2022, reflecting growing operational payables or accrued expenses. Afterward, figures exhibit some volatility but generally remain elevated above $59 billion through mid-2025, indicating persistent high short-term obligations likely related to ongoing business activities or supply chain dynamics.
Income taxes payable: The income taxes payable rose notably between 2020 and 2022, from about $1.2 billion to over $5.3 billion, mirroring higher taxable income or deferred tax liabilities. By early 2023 and onwards, amounts decreased with fluctuations, settling near $3 billion by mid-2025, which could reflect changes in tax payments or effective tax planning measures.
Current liabilities: Current liabilities experienced moderate variability, declining from $64.8 billion to approximately $56.4 billion in late 2020, then increasing sharply to over $80 billion in mid-2022 before somewhat stabilizing in the $66-$74 billion range by 2025. This oscillation indicates shifting short-term commitments possibly influenced by operational cycles, working capital management, or financing decisions.
Long-term debt, excluding current portion: Long-term debt remained elevated but showed a gradual decline from about $46.6 billion mid-2020 to around $33.6 billion in mid-2025. This steady deleveraging suggests active reduction of longer-term borrowings and potential refinancing strategies aimed at strengthening the balance sheet and reducing interest expenses.
Postretirement benefits reserves: The reserves for postretirement benefits were relatively stable at approximately $22 billion through 2020, followed by a consistent downward shift to just above $10 billion by 2022. The line item exhibited minor fluctuations around $10 billion to $11 billion through 2025, indicating adjustments in benefit obligations or funding status.
Deferred income tax liabilities: Deferred income tax liabilities remained broadly steady around $24 billion through 2021, then increased sharply to over $40 billion by 2024, remaining near that level subsequently. This marked rise may be attributed to timing differences in tax recognition and possibly changes in tax laws or asset valuations influencing deferred tax calculations.
Long-term obligations to equity companies: Obligations to equity companies trended downward from around $4 billion in early 2020 to about $1.1 billion by mid-2025, reflecting either repayments, restructuring, or reduced partnership commitments over this period.
Other long-term obligations: This category showed minor fluctuations, staying within a $19 billion to $26 billion range, with a subtle upward trend apparent from 2022 into subsequent years. The increase points to growing non-debt related long-term commitments or provisions potentially linked to operational or environmental liabilities.
Long-term liabilities overall: Long-term liabilities decreased modestly from $117 billion in mid-2020 to approximately $93.5 billion by mid-2023, before rising again to about $115 billion in 2024 and slightly retreating by 2025. These dynamics indicate ongoing balance sheet optimization with some increase in obligations possibly related to deferred taxes or other liabilities in later years.
Total liabilities: Total liabilities reached a peak near $183 billion in mid-2022, reflecting growth in both current and long-term obligations, before gradually declining to about $177.6 billion by mid-2025. The overall pattern suggests active management of debt and liabilities, balancing operational and financing needs over time.
Common stock without par value: This equity component remained relatively stable around $16 billion until early 2023, after which a notable increase occurred, rising to near $47 billion by 2024 and maintaining that level. This significant rise hints at equity issuances, stock revaluations, or accounting adjustments increasing the common stock value substantially in the latest periods.
Earnings reinvested (Retained earnings): Earnings reinvested displayed a gradual upward trend from approximately $417 billion in early 2020 to over $477 billion by mid-2025, indicating consistent profitability and reinvestment into the business, despite some periods of slower growth between 2020 and 2021 which likely reflect broader economic conditions.
Accumulated other comprehensive loss: This loss account fluctuated significantly, improving from around -$24.3 billion early 2020 to about -$13 billion by late 2021, before deteriorating again to near -$24 billion in late 2024 and improving modestly thereafter. Such volatility reflects changes in unrealized gains/losses on investments, foreign currency adjustments, or pension-related remeasurements affecting comprehensive income.
Common stock held in treasury: Treasury stock values consistently increased (more negative), growing from approximately -$226 billion in 2020 to nearly -$254 billion by early 2023, followed by fluctuations and a notable reduction in magnitude around 2024 to about -$228 billion, and then increasing again towards -$248 billion by 2025. This pattern indicates ongoing share repurchase programs with timing differences affecting treasury stock balances.
Total ExxonMobil share of equity: Equity attributable to shareholders initially declined from $182 billion in early 2020 to about $157 billion by late 2020, then steadily increased, reaching $268 billion by 2024 before retreating slightly to about $263 billion by 2025. The rise corresponds with retained earnings growth and stock issuances, signaling strengthening shareholder equity despite some market or operational headwinds.
Noncontrolling interests: The noncontrolling interests showed minor variability, oscillating between approximately $6.6 billion and $7.9 billion over the period, with no clear trend. This stability indicates relatively consistent minority ownership stakes in consolidated subsidiaries.
Total equity: Total equity mirrored trends in ExxonMobil's share of equity, increasing from about $188.7 billion in early 2020 to peak near $276 billion in 2024, followed by a modest decline nearing $270 billion in mid-2025. This growth reflects retained earnings accumulation and equity transactions, signaling overall enhancement of the company’s net worth.
Total liabilities and equity: The combined total of liabilities and equity increased steadily from $355.8 billion in early 2020 to a high around $462 billion in 2024, before decreasing slightly to approximately $448 billion by mid-2025. This expansion illustrates growth in the company’s asset base funded by a combination of liabilities and shareholders' equity over the analyzed periods.

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Exxon Mobil Corp. (NYSE:XOM)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data