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ExxonMobil Holdings Corp. (NYSE:XOM)

Common-Size Balance Sheet: Assets
Quarterly Data

ExxonMobil Holdings Corp., common-size consolidated balance sheet: assets (quarterly data)

Microsoft Excel
Sep 30, 2026 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
Cash and cash equivalents 2.58 2.28 1.82 2.38 3.04 3.21 3.77 5.08 5.83 5.74 8.82 8.38 8.85 8.13 8.84 8.03 8.21 5.13 3.12 2.01 1.42 1.03 1.05
Cash and cash equivalents, restricted 0.00 0.00 0.00 0.00 0.01 0.30 0.33 0.03 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.01 0.02 0.00 0.00 0.00 0.00 0.00 0.00
Notes and accounts receivable, net 14.13 13.04 13.30 9.93 9.97 9.34 10.25 9.63 8.99 9.35 10.68 10.10 11.23 9.89 10.51 11.31 11.46 13.07 11.88 9.55 8.77 8.46 7.42
Crude oil, products and merchandise 4.57 4.81 4.70 5.12 5.10 4.77 4.54 4.29 4.15 4.27 5.00 5.45 5.39 5.51 5.27 5.54 5.42 5.32 5.09 4.28 4.48 4.36 4.12
Materials and supplies 0.69 0.69 0.68 0.74 0.89 0.90 0.88 0.90 1.02 1.05 1.22 1.22 1.18 1.17 1.13 1.08 1.09 1.09 1.16 1.26 1.34 1.35 1.38
Inventories 5.27% 5.50% 5.38% 5.86% 6.00% 5.67% 5.42% 5.19% 5.17% 5.32% 6.22% 6.68% 6.57% 6.68% 6.40% 6.62% 6.51% 6.41% 6.25% 5.54% 5.82% 5.71% 5.50%
Other current assets 0.88 0.88 0.56 0.41 0.47 0.50 0.43 0.35 0.43 0.47 0.57 0.51 0.51 0.56 0.57 0.48 0.63 0.72 0.52 0.35 0.49 0.46 0.47
Current assets 22.85% 21.70% 21.06% 18.57% 19.48% 19.01% 20.19% 20.29% 20.43% 20.89% 26.30% 25.67% 27.17% 25.26% 26.32% 26.45% 26.82% 25.33% 21.78% 17.45% 16.50% 15.67% 14.44%
Investments, advances and long-term receivables 9.41 9.82 9.93 10.09 10.15 10.30 10.59 10.41 10.58 10.41 12.60 12.66 12.91 13.01 13.28 13.49 13.57 12.73 13.06 13.33 13.56 13.27 13.24
Property, plant and equipment, net 63.06 63.79 64.34 66.68 65.68 65.99 64.76 64.90 64.85 64.74 56.55 57.12 55.30 56.91 55.78 55.46 54.87 56.87 59.97 63.89 64.98 66.12 67.30
Other assets, including intangibles, net 4.68 4.69 4.68 4.66 4.69 4.70 4.46 4.40 4.15 3.96 4.55 4.55 4.62 4.81 4.62 4.59 4.73 5.07 5.19 5.32 4.96 4.94 5.02
Long-term assets 77.15% 78.30% 78.94% 81.43% 80.52% 80.99% 79.81% 79.71% 79.57% 79.11% 73.70% 74.33% 72.83% 74.74% 73.68% 73.55% 73.18% 74.67% 78.22% 82.55% 83.50% 84.33% 85.56%
Total assets 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00% 100.00%

Based on: 10-Q (reporting date: 2026-09-30), 10-Q (reporting date: 2026-06-30), 10-Q (reporting date: 2026-03-31), 10-K (reporting date: 2025-12-31), 10-Q (reporting date: 2025-09-30), 10-Q (reporting date: 2025-06-30), 10-Q (reporting date: 2025-03-31), 10-K (reporting date: 2024-12-31), 10-Q (reporting date: 2024-09-30), 10-Q (reporting date: 2024-06-30), 10-Q (reporting date: 2024-03-31), 10-K (reporting date: 2023-12-31), 10-Q (reporting date: 2023-09-30), 10-Q (reporting date: 2023-06-30), 10-Q (reporting date: 2023-03-31), 10-K (reporting date: 2022-12-31), 10-Q (reporting date: 2022-09-30), 10-Q (reporting date: 2022-06-30), 10-Q (reporting date: 2022-03-31), 10-K (reporting date: 2021-12-31), 10-Q (reporting date: 2021-09-30), 10-Q (reporting date: 2021-06-30), 10-Q (reporting date: 2021-03-31).

The asset structure exhibits a significant shift in liquidity and capital allocation between early 2021 and late 2026. An initial trend toward increased liquidity peaked in 2023, followed by a strategic reallocation back toward long-term operational assets.

Liquidity and Current Asset Trends
Current assets as a percentage of total assets grew from 14.44% in March 2021 to a peak of 27.17% in September 2023. This increase was primarily driven by a surge in cash and cash equivalents, which rose from 1.05% to a high of 8.85% during the same period. However, from 2024 onward, liquidity contracted, with cash levels falling to 2.58% by September 2026. Notes and accounts receivable showed a more persistent upward trajectory, increasing from 7.42% in March 2021 to 14.13% by September 2026, suggesting a growing proportion of assets tied up in credit sales.
Inventory and Working Capital Management
Inventories remained relatively stable, fluctuating within a narrow band between 5.17% and 6.68%. Crude oil, products, and merchandise consistently represented the largest portion of inventory, peaking at 5.54% in December 2022. Materials and supplies exhibited a gradual decline, moving from 1.38% in March 2021 to 0.69% by September 2026, indicating a reduction in the weight of supplies relative to the total asset base.
Long-Term Asset Allocation
Long-term assets experienced a cyclical contraction and expansion, moving from 85.56% in March 2021 to a low of 72.83% in September 2023, before recovering to 77.15% by September 2026. Property, plant, and equipment (PPE) remained the dominant asset class throughout the period. PPE weight declined from 67.30% to 54.87% by September 2022, then rebounded sharply to peak at 64.90% in December 2024, before settling at 63.06% in September 2026. Conversely, investments, advances, and long-term receivables showed a steady decline from 13.24% to 9.41% over the analyzed timeframe.

Overall, the balance sheet reflects a period of substantial cash accumulation between 2021 and 2023, followed by a pivot toward reinvestment in fixed assets and an increase in the weighting of accounts receivable by the end of 2026.

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