Name: ExxonMobil Holdings Corp. (NYSE:XOM) | Common-Size Assets
Creator: Stock Analysis on Net

Common-Size Balance Sheet: Assets

ExxonMobil Holdings Corp., common-size consolidated balance sheet: assets

	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Cash and cash equivalents	2.38%	5.08%	8.38%	8.03%	2.01%
Cash and cash equivalents, restricted	0.00%	0.03%	0.01%	0.01%	0.00%
Notes and accounts receivable, trade, less reserves	7.96%	7.78%	8.05%	8.90%	7.93%
Notes and accounts receivable, other, less reserves	1.96%	1.85%	2.05%	2.41%	1.62%
Notes and accounts receivable, net	9.93%	9.63%	10.10%	11.31%	9.55%
Inventories	5.86%	5.19%	6.68%	6.62%	5.54%
Other current assets	0.41%	0.35%	0.51%	0.48%	0.35%
Current assets	18.57%	20.29%	25.67%	26.45%	17.45%
Investments	7.27%	7.50%	9.06%	9.35%	9.21%
Advances, net of allowances	1.37%	1.56%	2.00%	2.18%	2.46%
Equity method company investments and advances	8.64%	9.06%	11.06%	11.53%	11.67%
Equity securities carried at fair value and other investments at adjusted cost basis	0.06%	0.08%	0.05%	0.08%	0.04%
Long-term receivables and miscellaneous, net of reserves	1.39%	1.27%	1.55%	1.88%	1.62%
Investments, advances and long-term receivables	10.09%	10.41%	12.66%	13.49%	13.33%
Property, plant and equipment, at cost, less accumulated depreciation and depletion	66.68%	64.90%	57.12%	55.46%	63.89%
Other assets, including intangibles, net	4.66%	4.40%	4.55%	4.59%	5.32%
Long-term assets	81.43%	79.71%	74.33%	73.55%	82.55%
Total assets	100.00%	100.00%	100.00%	100.00%	100.00%

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).

The asset structure exhibits a cyclical shift in liquidity between 2021 and 2025. A significant increase in current assets was observed during 2022 and 2023, followed by a gradual return toward 2021 levels. The overall composition of the balance sheet remains heavily weighted toward long-term assets, primarily driven by substantial fixed capital investments.

Liquidity and Working Capital Trends: Cash and cash equivalents experienced a sharp increase from 2.01% of total assets in 2021 to a peak of 8.38% in 2023, before receding to 2.38% by 2025. Net receivables remained relatively stable, fluctuating within a range of 9.63% to 11.31%. Inventories showed a moderate elevation during 2022 and 2023, peaking at 6.68% before settling at 5.86% in 2025. Consequently, total current assets peaked at 26.45% in 2022 and trended downward to 18.57% by the end of the period.
Fixed Asset Composition: Property, plant and equipment (PPE) serves as the dominant asset class. After a notable decline to 55.46% of total assets in 2022, PPE grew consistently to reach 66.68% by 2025. This movement suggests a strategic reallocation of capital back into core physical infrastructure following a period of increased liquidity.
Investment and Other Long-term Assets: A consistent downward trend is observed in investments, advances, and long-term receivables, which decreased from 13.33% in 2021 to 10.09% in 2025. This decline is primarily attributed to a reduction in equity method company investments and advances, which fell from 11.67% to 8.64% over the five-year period. Other assets, including intangibles, remained relatively stable, fluctuating between 4.40% and 5.32%.
Overall Asset Allocation: Long-term assets as a percentage of the total balance sheet dipped from 82.55% in 2021 to 73.55% in 2022, corresponding with the surge in current assets. By 2025, long-term assets recovered to 81.43%, indicating a return to a capital-intensive asset distribution model.

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