Name: ExxonMobil Holdings Corp. (NYSE:XOM) | Cash Flow Statement (Quarterly)
Creator: Stock Analysis on Net

Cash Flow Statement
Quarterly Data

The cash flow statement provides information about a company cash receipts and cash payments during an accounting period, showing how these cash flows link the ending cash balance to the beginning balance shown on the company balance sheet.

The cash flow statement consists of three parts: cash flows provided by (used in) operating activities, cash flows provided by (used in) investing activities, and cash flows provided by (used in) financing activities.

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ExxonMobil Holdings Corp., consolidated cash flow statement (quarterly data)

US$ in millions

3 months ended:	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
Net income including noncontrolling interests	16,022)	14,881)	4,472)	6,609)	7,768)	7,354)	8,033)	7,955)	8,971)	9,571)	8,566)	8,012)	9,346)	8,153)	11,843)	13,055)	20,198)	18,574)	5,750)	9,079)	6,942)	4,781)	2,796)
Depreciation and depletion, includes impairments	6,803)	8,689)	6,771)	7,715)	6,475)	6,101)	5,702)	6,585)	6,258)	5,787)	4,812)	7,740)	4,415)	4,242)	4,244)	5,064)	5,642)	4,451)	8,883)	5,661)	4,990)	4,952)	5,004)
Changes in operational working capital, excluding cash and debt	2,216)	(2,099)	(1,758)	(2,728)	(152)	(3,970)	(878)	(1,552)	2,334)	(4,616)	2,008)	(2,191)	1,821)	(3,583)	(302)	(200)	1,667)	(2,747)	1,086)	1,930)	659)	(380)	1,953)
All other items, net	609)	2,084)	(780)	1,083)	697)	2,065)	96)	(759)	6)	(182)	(722)	121)	381)	571)	556)	(298)	(3,082)	(315)	(931)	454)	(500)	297)	(489)
Net cash provided by operating activities	25,650)	23,555)	8,705)	12,679)	14,788)	11,550)	12,953)	12,229)	17,569)	10,560)	14,664)	13,682)	15,963)	9,383)	16,341)	17,621)	24,425)	19,963)	14,788)	17,124)	12,091)	9,650)	9,264)
Additions to property, plant and equipment	(7,178)	(6,527)	(6,470)	(7,450)	(8,727)	(6,283)	(5,898)	(6,837)	(6,160)	(6,235)	(5,074)	(6,228)	(4,920)	(5,359)	(5,412)	(5,783)	(4,876)	(3,837)	(3,911)	(4,089)	(2,840)	(2,747)	(2,400)
Proceeds from asset sales and returns of investments	808)	430)	219)	1,020)	139)	176)	1,823)	3,231)	127)	926)	703)	1,020)	917)	1,287)	854)	1,333)	2,682)	939)	293)	2,601)	18)	250)	307)
Additional investments and advances	(868)	(324)	(387)	(3,160)	(501)	(319)	(153)	(2,261)	(294)	(323)	(421)	(1,854)	(307)	(389)	(445)	(2,175)	(272)	(226)	(417)	(1,762)	(442)	(264)	(349)
Other investing activities including collection of advances	697)	102)	632)	2,457)	610)	246)	93)	1,615)	87)	9)	215)	1,348)	31)	105)	78)	1,270)	88)	60)	90)	1,140)	210)	45)	87)
Cash acquired from mergers and acquisitions	—)	—)	—)	—)	—)	—)	—)	—)	—)	754)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Net cash used in investing activities	(6,541)	(6,319)	(6,006)	(7,133)	(8,479)	(6,180)	(4,135)	(4,252)	(6,240)	(4,869)	(4,577)	(5,714)	(4,279)	(4,356)	(4,925)	(5,355)	(2,378)	(3,064)	(3,945)	(2,110)	(3,054)	(2,716)	(2,355)
Additions to long-term debt	184)	—)	894)	1,166)	262)	603)	280)	473)	209)	109)	108)	134)	669)	116)	20)	582)	55)	—)	—)	—)	46)	—)	—)
Reductions in long-term debt	(1,758)	23)	(158)	(1,095)	—)	(6)	(7)	(8)	—)	(1,142)	—)	(4)	(5)	(6)	—)	(5)	—)	—)	—)	(4)	(4)	—)	—)
Additions to short-term debt	—)	—)	—)	1,601)	586)	172)	—)	—)	—)	—)	—)	—)	—)	—)	—)	198)	—)	—)	—)	490)	2,535)	3,881)	5,781)
Reductions in short-term debt	(1,037)	(98)	(5,402)	(589)	(139)	(135)	(4,541)	(908)	(1,064)	(1,665)	(1,106)	(657)	(50)	(46)	(126)	(4,180)	(1,559)	(238)	(2,098)	(5,330)	(6,066)	(7,151)	(10,849)
Additions (reductions) in commercial paper, and debt with three months or less maturity	(4,886)	(5,163)	9,075)	683)	955)	298)	(41)	(13)	1)	(1)	(5)	(1)	(111)	20)	(192)	(1,613)	335)	(63)	1,366)	(3,980)	(323)	317)	1,003)
Contingent consideration payments	—)	(125)	—)	—)	—)	(79)	—)	—)	—)	(27)	—)	—)	—)	(68)	—)	—)	—)	(58)	—)	(2)	—)	(28)	—)
Cash dividends to ExxonMobil shareholders	(4,264)	(4,299)	(4,334)	(4,366)	(4,242)	(4,288)	(4,335)	(4,371)	(4,240)	(4,285)	(3,808)	(3,839)	(3,663)	(3,701)	(3,738)	(3,767)	(3,685)	(3,727)	(3,760)	(3,763)	(3,720)	(3,721)	(3,720)
Cash dividends to noncontrolling interests	(159)	(164)	(168)	(411)	(72)	(311)	(141)	(78)	(183)	(231)	(166)	(20)	(218)	(178)	(115)	(76)	(68)	(63)	(60)	(58)	(54)	(60)	(52)
Changes in noncontrolling interests	(463)	—)	61)	(364)	(330)	2)	(12)	(478)	(317)	10)	(6)	(512)	(269)	27)	(16)	(401)	(377)	(603)	(94)	(158)	(71)	(260)	53)
Inflows from noncontrolling interests for major projects	—)	—)	—)	20)	23)	23)	22)	20)	—)	—)	12)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)	—)
Common stock acquired	(5,103)	(5,139)	(4,868)	(5,379)	(5,126)	(4,964)	(4,804)	(5,780)	(5,512)	(5,326)	(3,011)	(4,656)	(4,412)	(4,340)	(4,340)	(4,675)	(4,494)	(3,919)	(2,067)	(154)	—)	—)	(1)
Net cash used in financing activities	(17,486)	(14,965)	(4,900)	(8,734)	(8,083)	(8,685)	(13,579)	(11,143)	(11,106)	(12,558)	(7,982)	(9,555)	(8,059)	(8,176)	(8,507)	(13,937)	(9,793)	(8,671)	(6,713)	(12,959)	(7,657)	(7,022)	(7,785)
Effects of exchange rate changes on cash	(58)	(118)	(45)	—)	(68)	514)	86)	(619)	261)	6)	(324)	182)	(209)	30)	102)	872)	(651)	(441)	142)	(21)	(77)	38)	27)
Increase (decrease) in cash and cash equivalents, including restricted	1,565)	2,153)	(2,246)	(3,188)	(1,842)	(2,801)	(4,675)	(3,785)	484)	(6,861)	1,781)	(1,405)	3,416)	(3,119)	3,011)	(799)	11,603)	7,787)	4,272)	2,034)	1,303)	(50)	(849)

Operational cash flow demonstrates significant growth and volatility over the analyzed period, characterized by a substantial surge in 2022 followed by a period of stabilization and a second peak in 2026. Net cash provided by operating activities rose from 9,264 million US$ in March 2021 to a peak of 24,425 million US$ in September 2022. While figures moderated between 2023 and 2025, a sharp increase is observed in the first half of 2026, culminating in 25,650 million US$ by September 2026.

Operating Performance and Cash Generation: Net income exhibits a strong positive correlation with operating cash flows, though it remains more volatile. The highest net income figures occurred during 2022, coinciding with the peak in operating cash. Depreciation and depletion expenses show a gradual upward trend, moving from approximately 5,000 million US$ per quarter in 2021 to levels frequently exceeding 6,000 million US$ by 2024-2026, reflecting an expanding asset base.
Investing Activities and Capital Expenditure: A consistent trend of net cash outflow is observed in investing activities. Additions to property, plant, and equipment have scaled steadily, increasing from 2,400 million US$ in March 2021 to 7,178 million US$ by September 2026. This trajectory indicates a sustained increase in capital intensity. These expenditures are partially offset by proceeds from asset sales, which peaked at 3,231 million US$ in December 2024, and intermittent inflows from other investing activities.
Financing Strategy and Shareholder Returns: Financing activities are characterized by a consistent net cash outflow, driven primarily by shareholder distributions. Cash dividends to shareholders remained remarkably stable, marginally increasing from approximately 3,700 million US$ per quarter to roughly 4,300 million US$ per quarter. Simultaneously, a strategic shift in capital allocation is evident in common stock acquisitions; after remaining negligible in early 2021, buybacks accelerated in 2022 and stabilized between 4,300 million US$ and 5,800 million US$ per quarter through 2026.
Debt and Liquidity Management: The company maintains an active debt management profile. Significant reductions in short-term debt were noted in early 2021 and early 2026. A notable spike in commercial paper and short-term debt additions is observed in March 2026, totaling 9,075 million US$. The overall change in cash and cash equivalents fluctuates quarterly, reflecting the timing of large capital expenditures and aggressive shareholder return programs against the backdrop of strong operational inflows.

The financial trajectory reveals a transition from a recovery phase in 2021 to a period of high cash generation and aggressive capital return in 2022-2026. The ability to fund increasing capital expenditures while simultaneously expanding share buybacks and maintaining stable dividends is supported by the robust growth in net cash provided by operating activities.

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ExxonMobil Holdings Corp. (NYSE:XOM)

Cash Flow StatementQuarterly Data

Cash Flow Statement
Quarterly Data