Current Ratio
since 2005
Calculation
ExxonMobil Holdings Corp., current ratio, long-term trends, calculation
| Current ratio | = | Current assets1 | ÷ | Current liabilities1 | |
|---|---|---|---|---|---|
| Dec 31, 2025 | 1.15 | = | 83,382) | ÷ | 72,330) |
| Dec 31, 2024 | 1.31 | = | 91,990) | ÷ | 70,307) |
| Dec 31, 2023 | 1.48 | = | 96,609) | ÷ | 65,316) |
| Dec 31, 2022 | 1.41 | = | 97,631) | ÷ | 69,045) |
| Dec 31, 2021 | 1.04 | = | 59,154) | ÷ | 56,643) |
| Dec 31, 2020 | 0.80 | = | 44,893) | ÷ | 56,363) |
| Dec 31, 2019 | 0.78 | = | 50,052) | ÷ | 63,989) |
| Dec 31, 2018 | 0.84 | = | 47,973) | ÷ | 57,138) |
| Dec 31, 2017 | 0.82 | = | 47,134) | ÷ | 57,771) |
| Dec 31, 2016 | 0.87 | = | 41,416) | ÷ | 47,638) |
| Dec 31, 2015 | 0.79 | = | 42,623) | ÷ | 53,976) |
| Dec 31, 2014 | 0.82 | = | 52,910) | ÷ | 64,633) |
| Dec 31, 2013 | 0.83 | = | 59,308) | ÷ | 71,724) |
| Dec 31, 2012 | 1.01 | = | 64,460) | ÷ | 64,139) |
| Dec 31, 2011 | 0.94 | = | 72,963) | ÷ | 77,505) |
| Dec 31, 2010 | 0.94 | = | 58,984) | ÷ | 62,633) |
| Dec 31, 2009 | 1.06 | = | 55,235) | ÷ | 52,061) |
| Dec 31, 2008 | 1.47 | = | 72,266) | ÷ | 49,100) |
| Dec 31, 2007 | 1.47 | = | 85,963) | ÷ | 58,312) |
| Dec 31, 2006 | 1.55 | = | 75,777) | ÷ | 48,817) |
| Dec 31, 2005 | 1.58 | = | 73,342) | ÷ | 46,307) |
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), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
1 US$ in millions
The liquidity profile from 2005 to 2025 exhibits a cyclical trajectory, transitioning from a position of high liquidity to a prolonged period of constrained working capital, followed by a significant recovery in recent years.
- Initial Liquidity Strength (2005–2008)
- During this period, the current ratio remained consistently above 1.40, peaking at 1.58 in 2005. This indicates a robust ability to cover short-term obligations with current assets, maintaining a substantial liquidity buffer.
- Liquidity Compression and Sustained Deficit (2009–2020)
- A downward trend commenced in 2009, with the current ratio falling to 1.06 and dipping below the 1.0 threshold by 2010. For the majority of this decade, the ratio remained suppressed, reaching a minimum of 0.78 in 2019. This trend reflects a period where current liabilities frequently exceeded current assets, suggesting a leaner approach to working capital management or increased short-term funding requirements.
- Liquidity Recovery and Stabilization (2021–2025)
- A sharp reversal occurred starting in 2021, coinciding with a substantial increase in current assets, which surged from approximately 59 billion in 2021 to over 97 billion by 2022. This drove the current ratio back above 1.0, peaking at 1.48 in 2023. While a gradual decline is observed toward 1.15 by 2025, the overall position remains significantly stronger than the previous decade's average.
The observed fluctuations in the current ratio are primarily driven by volatility in current assets rather than drastic shifts in current liabilities. The most notable shift occurred between 2020 and 2022, where a rapid accumulation of liquid assets restored the company's short-term solvency margins to levels comparable to those seen in the mid-2000s.
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Comparison to Competitors
ExxonMobil Holdings Corp., current ratio, long-term trends, comparison to competitors
| ExxonMobil Holdings Corp. | Chevron Corp. | ConocoPhillips | |
|---|---|---|---|
| Dec 31, 2025 | 1.15 | 1.15 | 1.30 |
| Dec 31, 2024 | 1.31 | 1.06 | 1.29 |
| Dec 31, 2023 | 1.48 | 1.27 | 1.43 |
| Dec 31, 2022 | 1.41 | 1.47 | 1.46 |
| Dec 31, 2021 | 1.04 | 1.26 | 1.34 |
| Dec 31, 2020 | 0.80 | 1.18 | 2.25 |
| Dec 31, 2019 | 0.78 | 1.07 | 2.40 |
| Dec 31, 2018 | 0.84 | 1.25 | 1.79 |
| Dec 31, 2017 | 0.82 | 1.03 | 1.76 |
| Dec 31, 2016 | 0.87 | 0.93 | 1.25 |
| Dec 31, 2015 | 0.79 | 1.34 | 0.95 |
| Dec 31, 2014 | 0.82 | 1.32 | 1.31 |
| Dec 31, 2013 | 0.83 | 1.52 | 1.26 |
| Dec 31, 2012 | 1.01 | 1.63 | 1.38 |
| Dec 31, 2011 | 0.94 | 1.58 | 1.08 |
| Dec 31, 2010 | 0.94 | 1.68 | 1.26 |
| Dec 31, 2009 | 1.06 | 1.42 | 0.89 |
| Dec 31, 2008 | 1.47 | 1.14 | 0.96 |
| Dec 31, 2007 | 1.47 | 1.17 | 0.92 |
| Dec 31, 2006 | 1.55 | 1.28 | 0.95 |
| Dec 31, 2005 | 1.58 | 1.37 | 0.92 |
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), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Sector (Oil, Gas & Consumable Fuels)
ExxonMobil Holdings Corp., current ratio, long-term trends, comparison to sector (oil, gas & consumable fuels)
| ExxonMobil Holdings Corp. | Oil, Gas & Consumable Fuels | |
|---|---|---|
| Dec 31, 2025 | 1.15 | 1.17 |
| Dec 31, 2024 | 1.31 | 1.23 |
| Dec 31, 2023 | 1.48 | 1.41 |
| Dec 31, 2022 | 1.41 | 1.44 |
| Dec 31, 2021 | 1.04 | 1.14 |
| Dec 31, 2020 | 0.80 | 0.99 |
| Dec 31, 2019 | 0.78 | 0.98 |
| Dec 31, 2018 | 0.84 | 1.04 |
| Dec 31, 2017 | 0.82 | 0.97 |
| Dec 31, 2016 | 0.87 | 0.92 |
| Dec 31, 2015 | 0.79 | 0.97 |
| Dec 31, 2014 | 0.82 | 1.02 |
| Dec 31, 2013 | 0.83 | 1.07 |
| Dec 31, 2012 | 1.01 | 1.25 |
| Dec 31, 2011 | 0.94 | 1.12 |
| Dec 31, 2010 | 0.94 | 1.20 |
| Dec 31, 2009 | 1.06 | 1.11 |
| Dec 31, 2008 | 1.47 | 1.26 |
| Dec 31, 2007 | 1.47 | 1.26 |
| Dec 31, 2006 | 1.55 | 1.32 |
| Dec 31, 2005 | 1.58 | 1.37 |
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), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).
Comparison to Industry (Energy)
ExxonMobil Holdings Corp., current ratio, long-term trends, comparison to industry (energy)
| ExxonMobil Holdings Corp. | Energy | |
|---|---|---|
| Dec 31, 2025 | 1.15 | 1.19 |
| Dec 31, 2024 | 1.31 | 1.25 |
| Dec 31, 2023 | 1.48 | 1.40 |
| Dec 31, 2022 | 1.41 | 1.42 |
| Dec 31, 2021 | 1.04 | 1.15 |
| Dec 31, 2020 | 0.80 | 1.02 |
| Dec 31, 2019 | 0.78 | 1.00 |
| Dec 31, 2018 | 0.84 | 1.06 |
| Dec 31, 2017 | 0.82 | 1.00 |
| Dec 31, 2016 | 0.87 | 1.02 |
| Dec 31, 2015 | 0.79 | 1.09 |
| Dec 31, 2014 | 0.82 | 1.10 |
| Dec 31, 2013 | 0.83 | 1.16 |
| Dec 31, 2012 | 1.01 | 1.31 |
| Dec 31, 2011 | 0.94 | 1.18 |
| Dec 31, 2010 | 0.94 | 1.24 |
| Dec 31, 2009 | 1.06 | 1.17 |
| Dec 31, 2008 | 1.47 | 1.28 |
| Dec 31, 2007 | 1.47 | 1.27 |
| Dec 31, 2006 | 1.55 | 1.33 |
| Dec 31, 2005 | 1.58 | 1.38 |
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), 10-K (reporting date: 2020-12-31), 10-K (reporting date: 2019-12-31), 10-K (reporting date: 2018-12-31), 10-K (reporting date: 2017-12-31), 10-K (reporting date: 2016-12-31), 10-K (reporting date: 2015-12-31), 10-K (reporting date: 2014-12-31), 10-K (reporting date: 2013-12-31), 10-K (reporting date: 2012-12-31), 10-K (reporting date: 2011-12-31), 10-K (reporting date: 2010-12-31), 10-K (reporting date: 2009-12-31), 10-K (reporting date: 2008-12-31), 10-K (reporting date: 2007-12-31), 10-K (reporting date: 2006-12-31), 10-K (reporting date: 2005-12-31).