Current Ratio
since 2005
Calculation
Exxon Mobil Corp., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2025 | 1.15 | = | 83,382) | ÷ | 72,330) |
| Dec 31, 2024 | 1.31 | = | 91,990) | ÷ | 70,307) |
| Dec 31, 2023 | 1.48 | = | 96,609) | ÷ | 65,316) |
| Dec 31, 2022 | 1.41 | = | 97,631) | ÷ | 69,045) |
| Dec 31, 2021 | 1.04 | = | 59,154) | ÷ | 56,643) |
| Dec 31, 2020 | 0.80 | = | 44,893) | ÷ | 56,363) |
| Dec 31, 2019 | 0.78 | = | 50,052) | ÷ | 63,989) |
| Dec 31, 2018 | 0.84 | = | 47,973) | ÷ | 57,138) |
| Dec 31, 2017 | 0.82 | = | 47,134) | ÷ | 57,771) |
| Dec 31, 2016 | 0.87 | = | 41,416) | ÷ | 47,638) |
| Dec 31, 2015 | 0.79 | = | 42,623) | ÷ | 53,976) |
| Dec 31, 2014 | 0.82 | = | 52,910) | ÷ | 64,633) |
| Dec 31, 2013 | 0.83 | = | 59,308) | ÷ | 71,724) |
| Dec 31, 2012 | 1.01 | = | 64,460) | ÷ | 64,139) |
| Dec 31, 2011 | 0.94 | = | 72,963) | ÷ | 77,505) |
| Dec 31, 2010 | 0.94 | = | 58,984) | ÷ | 62,633) |
| Dec 31, 2009 | 1.06 | = | 55,235) | ÷ | 52,061) |
| Dec 31, 2008 | 1.47 | = | 72,266) | ÷ | 49,100) |
| Dec 31, 2007 | 1.47 | = | 85,963) | ÷ | 58,312) |
| Dec 31, 2006 | 1.55 | = | 75,777) | ÷ | 48,817) |
| Dec 31, 2005 | 1.58 | = | 73,342) | ÷ | 46,307) |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The current ratio exhibited considerable fluctuation between 2005 and 2025. Initially, the ratio demonstrated relative stability, followed by a period of decline, and then a resurgence in later years. A detailed examination reveals distinct phases in the company’s short-term liquidity position.
- Initial Stability and Decline (2005-2010)
- From 2005 to 2006, the current ratio decreased slightly from 1.58 to 1.55. A modest decline continued through 2007 to 1.47. The ratio remained at 1.47 in 2008, before experiencing a more pronounced decrease in 2009 and 2010, falling to 1.06 and 0.94 respectively. This period indicates a weakening in the company’s ability to cover its short-term liabilities with its short-term assets.
- Period of Low Liquidity (2011-2015)
- The current ratio remained relatively low and stable between 2011 and 2013, fluctuating around 0.94, 1.01, and 0.83. A further decline was observed in 2014 and 2015, reaching 0.82 and 0.79 respectively. These values suggest a constrained liquidity position, potentially indicating challenges in meeting short-term obligations without relying on external financing or asset conversion.
- Modest Recovery and Subsequent Growth (2016-2025)
- A slight improvement occurred in 2016, with the current ratio increasing to 0.87. This trend continued with fluctuations, reaching 0.82 in 2017 and 0.84 in 2018. A more significant downturn was observed in 2019, falling to 0.78, before a slight recovery to 0.80 in 2020. From 2021 onwards, the current ratio experienced substantial growth, increasing to 1.04, then 1.41 in 2022, and peaking at 1.48 in 2023. A decrease to 1.31 was noted in 2024, followed by a further decline to 1.15 in 2025. This recent upward trend suggests improved short-term financial health and a greater capacity to meet immediate obligations.
Overall, the company’s current ratio demonstrates a cyclical pattern. While periods of lower liquidity were observed, particularly between 2009 and 2020, the more recent trend indicates a strengthening of the company’s short-term financial position. The fluctuations likely reflect changes in working capital management, operational performance, and broader economic conditions.
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Comparison to Competitors
Exxon Mobil Corp., current ratio, long-term trends, comparison to competitors
| Exxon Mobil Corp. | Chevron Corp. | ConocoPhillips | |
|---|---|---|---|
| Dec 31, 2025 | 1.15 | 1.15 | 1.30 |
| Dec 31, 2024 | 1.31 | 1.06 | 1.29 |
| Dec 31, 2023 | 1.48 | 1.27 | 1.43 |
| Dec 31, 2022 | 1.41 | 1.47 | 1.46 |
| Dec 31, 2021 | 1.04 | 1.26 | 1.34 |
| Dec 31, 2020 | 0.80 | 1.18 | 2.25 |
| Dec 31, 2019 | 0.78 | 1.07 | 2.40 |
| Dec 31, 2018 | 0.84 | 1.25 | 1.79 |
| Dec 31, 2017 | 0.82 | 1.03 | 1.76 |
| Dec 31, 2016 | 0.87 | 0.93 | 1.25 |
| Dec 31, 2015 | 0.79 | 1.34 | 0.95 |
| Dec 31, 2014 | 0.82 | 1.32 | 1.31 |
| Dec 31, 2013 | 0.83 | 1.52 | 1.26 |
| Dec 31, 2012 | 1.01 | 1.63 | 1.38 |
| Dec 31, 2011 | 0.94 | 1.58 | 1.08 |
| Dec 31, 2010 | 0.94 | 1.68 | 1.26 |
| Dec 31, 2009 | 1.06 | 1.42 | 0.89 |
| Dec 31, 2008 | 1.47 | 1.14 | 0.96 |
| Dec 31, 2007 | 1.47 | 1.17 | 0.92 |
| Dec 31, 2006 | 1.55 | 1.28 | 0.95 |
| Dec 31, 2005 | 1.58 | 1.37 | 0.92 |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Oil, Gas & Consumable Fuels)
Exxon Mobil Corp., current ratio, long-term trends, comparison to sector (oil, gas & consumable fuels)
| Exxon Mobil Corp. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2025 | 1.15 | 1.17 |
| Dec 31, 2024 | 1.31 | 1.23 |
| Dec 31, 2023 | 1.48 | 1.41 |
| Dec 31, 2022 | 1.41 | 1.44 |
| Dec 31, 2021 | 1.04 | 1.14 |
| Dec 31, 2020 | 0.80 | 0.99 |
| Dec 31, 2019 | 0.78 | 0.98 |
| Dec 31, 2018 | 0.84 | 1.04 |
| Dec 31, 2017 | 0.82 | 0.97 |
| Dec 31, 2016 | 0.87 | 0.92 |
| Dec 31, 2015 | 0.79 | 0.97 |
| Dec 31, 2014 | 0.82 | 1.02 |
| Dec 31, 2013 | 0.83 | 1.07 |
| Dec 31, 2012 | 1.01 | 1.25 |
| Dec 31, 2011 | 0.94 | 1.12 |
| Dec 31, 2010 | 0.94 | 1.20 |
| Dec 31, 2009 | 1.06 | 1.11 |
| Dec 31, 2008 | 1.47 | 1.26 |
| Dec 31, 2007 | 1.47 | 1.26 |
| Dec 31, 2006 | 1.55 | 1.32 |
| Dec 31, 2005 | 1.58 | 1.37 |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Energy)
Exxon Mobil Corp., current ratio, long-term trends, comparison to industry (energy)
| Exxon Mobil Corp. | Energy | |
|---|---|---|
| Dec 31, 2025 | 1.15 | 1.19 |
| Dec 31, 2024 | 1.31 | 1.25 |
| Dec 31, 2023 | 1.48 | 1.40 |
| Dec 31, 2022 | 1.41 | 1.42 |
| Dec 31, 2021 | 1.04 | 1.15 |
| Dec 31, 2020 | 0.80 | 1.02 |
| Dec 31, 2019 | 0.78 | 1.00 |
| Dec 31, 2018 | 0.84 | 1.06 |
| Dec 31, 2017 | 0.82 | 1.00 |
| Dec 31, 2016 | 0.87 | 1.02 |
| Dec 31, 2015 | 0.79 | 1.09 |
| Dec 31, 2014 | 0.82 | 1.10 |
| Dec 31, 2013 | 0.83 | 1.16 |
| Dec 31, 2012 | 1.01 | 1.31 |
| Dec 31, 2011 | 0.94 | 1.18 |
| Dec 31, 2010 | 0.94 | 1.24 |
| Dec 31, 2009 | 1.06 | 1.17 |
| Dec 31, 2008 | 1.47 | 1.28 |
| Dec 31, 2007 | 1.47 | 1.27 |
| Dec 31, 2006 | 1.55 | 1.33 |
| Dec 31, 2005 | 1.58 | 1.38 |
Based on: 10-K (reporting date: 2025-12-31), 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).