Analysis of Revenues
Revenues as Reported
ExxonMobil Holdings Corp., income statement, revenues
US$ in millions
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).
Total sales and other operating revenue exhibited a significant spike in 2022, followed by a period of contraction and relative stabilization through 2025. While the peak in 2022 reached 398,675 million US$, the overall trajectory suggests a gradual regression toward baseline levels, although figures remain higher than those recorded in 2021.
- Revenue from contracts with customers
- This component experienced substantial volatility, peaking in 2022 at 304,758 million US$. A consistent downward trend is observed from 2023 through 2025, with revenue declining to 226,909 million US$ by the end of the period. This represents a near-complete reversal of the gains achieved during the 2022 surge, ending slightly below the 2021 starting value.
- Revenue outside the scope of ASC 606
- A sharp increase occurred in 2022, nearly doubling from the 2021 level. After a moderate decline in 2023, this revenue stream entered a growth phase, rising steadily in 2024 and 2025 to reach a period high of 96,996 million US$. The persistence of this growth diverges from the trend seen in contract-based revenue.
- Sales and other operating revenue
- Aggregate revenue peaked in 2022 at 398,675 million US$. Subsequent years show a general correction, although the decline was partially offset by the growth in non-ASC 606 revenue. The 2025 total of 323,905 million US$ reflects a 17% increase over 2021 levels, indicating that while the 2022 peak was anomalous, the company maintained a higher revenue floor than it had at the start of the analyzed period.
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