Name: ExxonMobil Holdings Corp. (NYSE:XOM) | Statement of Comprehensive Income
Creator: Stock Analysis on Net

Statement of Comprehensive Income

Comprehensive income is the change in equity (net assets) of a business enterprise during a period from transactions and other events and circumstances from non-owners sources. It includes all changes in equity during a period except those resulting from investments by owners and distributions to owners.

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ExxonMobil Holdings Corp., consolidated statement of comprehensive income

US$ in millions

12 months ended:	Dec 31, 2025	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021
Net income including noncontrolling interests	29,764)	35,063)	37,354)	57,577)	23,598)
Foreign exchange translation adjustment	2,631)	(3,550)	1,241)	(3,482)	(872)
Adjustment for foreign exchange translation (gain) loss included in net income	391)	—)	609)	—)	(2)
Postretirement benefits reserves adjustment, excluding amortization	1,009)	557)	(369)	3,395)	3,118)
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs	38)	43)	61)	403)	925)
Other comprehensive income (loss), net of income taxes	4,069)	(2,950)	1,542)	316)	3,169)
Comprehensive income including noncontrolling interests	33,833)	32,113)	38,896)	57,893)	26,767)
Comprehensive income attributable to noncontrolling interests	(1,233)	(1,063)	(1,605)	(1,659)	(786)
Comprehensive income attributable to ExxonMobil	32,600)	31,050)	37,291)	56,234)	25,981)

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 financial performance over the analyzed period is characterized by a significant peak in earnings in 2022, followed by a gradual decline in net income. Comprehensive income attributable to the parent company closely mirrors this trajectory, indicating that net operating results are the primary driver of overall value creation, despite substantial fluctuations in other comprehensive income components.

Net Income Trajectory: Net income including noncontrolling interests rose sharply from US$ 23,598 million in 2021 to a peak of US$ 57,577 million in 2022. Subsequently, a downward trend is observed, with figures declining to US$ 37,354 million in 2023, US$ 35,063 million in 2024, and reaching US$ 29,764 million by 2025.
Comprehensive Income Attributable to ExxonMobil: Comprehensive income for the parent company followed a pattern similar to net income, peaking at US$ 56,234 million in 2022. While there was a decline in 2023 and 2024, a slight recovery is noted in 2025, with the amount increasing to US$ 32,600 million from US$ 31,050 million in the prior year.
Volatility in Other Comprehensive Income (OCI): OCI exhibited substantial instability, influenced heavily by foreign exchange translation adjustments. These adjustments fluctuated from a loss of US$ 3,482 million in 2022 to a gain of US$ 1,241 million in 2023, followed by a loss of US$ 3,550 million in 2024 and a gain of US$ 2,631 million in 2025.
Postretirement Benefit Reserve Adjustments: Adjustments to postretirement benefit reserves provided positive contributions in the majority of the observed years, specifically US$ 3,118 million in 2021 and US$ 3,395 million in 2022. A negative adjustment of US$ 369 million was recorded in 2023, before returning to positive values of US$ 557 million in 2024 and US$ 1,009 million in 2025.
Impact of Noncontrolling Interests: Comprehensive income attributable to noncontrolling interests remained consistently negative throughout the period, ranging from US$ -1,659 million in 2022 to US$ -1,063 million in 2024, representing a persistent reduction in total comprehensive income.

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