Selected Financial Data
since 2005
Income Statement
ExxonMobil Holdings Corp., selected items from income statement, long-term trends
US$ in millions
| 12 months ended: | Sales and other operating revenue | Net income (loss) attributable to ExxonMobil |
|---|---|---|
| Dec 31, 2025 | 323,905) | 28,844) |
| Dec 31, 2024 | 339,247) | 33,680) |
| Dec 31, 2023 | 334,697) | 36,010) |
| Dec 31, 2022 | 398,675) | 55,740) |
| Dec 31, 2021 | 276,692) | 23,040) |
| Dec 31, 2020 | 178,574) | (22,440) |
| Dec 31, 2019 | 255,583) | 14,340) |
| Dec 31, 2018 | 279,332) | 20,840) |
| Dec 31, 2017 | 237,162) | 19,710) |
| Dec 31, 2016 | 218,608) | 7,840) |
| Dec 31, 2015 | 259,488) | 16,150) |
| Dec 31, 2014 | 394,105) | 32,520) |
| Dec 31, 2013 | 420,836) | 32,580) |
| Dec 31, 2012 | 453,123) | 44,880) |
| Dec 31, 2011 | 467,029) | 41,060) |
| Dec 31, 2010 | 370,125) | 30,460) |
| Dec 31, 2009 | 301,500) | 19,280) |
| Dec 31, 2008 | 459,579) | 45,220) |
| Dec 31, 2007 | 390,328) | 40,610) |
| Dec 31, 2006 | 365,467) | 39,500) |
| Dec 31, 2005 | 358,955) | 36,130) |
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).
The financial trajectory between 2005 and 2025 is characterized by significant cyclicality in both top-line revenue and bottom-line profitability, reflecting extreme sensitivity to external market conditions.
- Revenue Performance Trends
- Operating revenue experienced an initial growth phase from 2005 to 2008, peaking at 459,579 million USD. Following a sharp contraction in 2009, revenue recovered to reach a historical high of 467,029 million USD in 2011. A prolonged period of general decline followed, culminating in a historical nadir of 178,574 million USD in 2020. A rapid recovery was observed between 2021 and 2022, with revenue climbing back to 398,675 million USD, before entering a phase of gradual decline and stabilization between 323,905 million USD and 339,247 million USD from 2023 through 2025.
- Net Income Volatility
- Net income demonstrated substantial variance over the analyzed period. Profits increased steadily until 2008, followed by a sharp drop in 2009. While a recovery occurred through 2012, earnings entered a sustained downward trend starting in 2013, reaching a low of 7,840 million USD in 2016. The most severe contraction occurred in 2020, resulting in a net loss of 22,440 million USD. This was followed by a dramatic reversal in 2022, where net income peaked at 55,740 million USD, representing the highest profit level in the observed timeframe. From 2023 to 2025, net income shows a downward trend, falling to 28,844 million USD.
- Profitability and Margin Analysis
- A strong positive correlation is observed between sales revenue and net income, though the magnitude of profit swings often exceeds the magnitude of revenue fluctuations. The period from 2021 to 2022 is particularly notable, as net income increased more aggressively than revenue, indicating a significant expansion in profit margins. In contrast, the 2020 fiscal year illustrates a breakdown in profitability where revenue declines coincided with a deep net loss. The period from 2023 to 2025 suggests a normalization phase, with both revenue and net income trending downward from their 2022 peaks.
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Balance Sheet: Assets
ExxonMobil Holdings Corp., selected items from assets, long-term trends
US$ in millions
| Current assets | Total assets | |
|---|---|---|
| Dec 31, 2025 | 83,382) | 448,980) |
| Dec 31, 2024 | 91,990) | 453,475) |
| Dec 31, 2023 | 96,609) | 376,317) |
| Dec 31, 2022 | 97,631) | 369,067) |
| Dec 31, 2021 | 59,154) | 338,923) |
| Dec 31, 2020 | 44,893) | 332,750) |
| Dec 31, 2019 | 50,052) | 362,597) |
| Dec 31, 2018 | 47,973) | 346,196) |
| Dec 31, 2017 | 47,134) | 348,691) |
| Dec 31, 2016 | 41,416) | 330,314) |
| Dec 31, 2015 | 42,623) | 336,758) |
| Dec 31, 2014 | 52,910) | 349,493) |
| Dec 31, 2013 | 59,308) | 346,808) |
| Dec 31, 2012 | 64,460) | 333,795) |
| Dec 31, 2011 | 72,963) | 331,052) |
| Dec 31, 2010 | 58,984) | 302,510) |
| Dec 31, 2009 | 55,235) | 233,323) |
| Dec 31, 2008 | 72,266) | 228,052) |
| Dec 31, 2007 | 85,963) | 242,082) |
| Dec 31, 2006 | 75,777) | 219,015) |
| Dec 31, 2005 | 73,342) | 208,335) |
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).
The long-term asset trajectory of the corporation exhibits a general upward trend, characterized by steady growth, intermittent contractions, and a significant expansion of the total asset base in the most recent period.
- Total Asset Evolution
- Total assets grew from 208,335 million USD in 2005 to a peak of 453,475 million USD in 2024. Growth was consistent through 2014, followed by a period of relative stagnation between 2015 and 2019. A notable contraction is observed in 2020, with assets declining to 332,750 million USD, before a sharp recovery and accelerated growth occurred between 2021 and 2024.
- Current Asset Volatility
- Current assets displayed substantial fluctuations. After reaching an early peak of 85,963 million USD in 2007, a prolonged downward trend was observed, with values declining to a low of 41,416 million USD by 2016. A significant reversal began after 2020, with current assets surging to 97,631 million USD in 2022, marking the highest liquidity level in the analyzed period before stabilizing in the 83,000 to 96,000 million USD range through 2025.
- Asset Composition and Liquidity Shifts
- The proportional relationship between current assets and total assets shifted significantly. In the mid-2000s, current assets constituted a larger share of the total balance sheet. Between 2014 and 2017, the asset mix shifted heavily toward non-current assets, as total assets remained high while current assets reached their lowest levels. The sharp increase in current assets starting in 2021 suggests a strategic shift toward increased liquidity or a substantial increase in short-term holdings relative to the total capital structure.
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Balance Sheet: Liabilities and Stockholders’ Equity
ExxonMobil Holdings Corp., selected items from liabilities and stockholders’ equity, long-term trends
US$ in millions
| Current liabilities | Total liabilities | Notes, loans payable and long-term debt | Total ExxonMobil share of equity | |
|---|---|---|---|---|
| Dec 31, 2025 | 72,330) | 182,354) | 43,537) | 259,386) |
| Dec 31, 2024 | 70,307) | 182,869) | 41,710) | 263,705) |
| Dec 31, 2023 | 65,316) | 163,779) | 41,573) | 204,802) |
| Dec 31, 2022 | 69,045) | 166,594) | 41,193) | 195,049) |
| Dec 31, 2021 | 56,643) | 163,240) | 47,704) | 168,577) |
| Dec 31, 2020 | 56,363) | 168,620) | 67,640) | 157,150) |
| Dec 31, 2019 | 63,989) | 163,659) | 46,920) | 191,650) |
| Dec 31, 2018 | 57,138) | 147,668) | 37,796) | 191,794) |
| Dec 31, 2017 | 57,771) | 154,191) | 42,336) | 187,688) |
| Dec 31, 2016 | 47,638) | 156,484) | 42,762) | 167,325) |
| Dec 31, 2015 | 53,976) | 159,948) | 38,687) | 170,811) |
| Dec 31, 2014 | 64,633) | 168,429) | 29,121) | 174,399) |
| Dec 31, 2013 | 71,724) | 166,313) | 22,699) | 174,003) |
| Dec 31, 2012 | 64,139) | 162,135) | 11,581) | 165,863) |
| Dec 31, 2011 | 77,505) | 170,308) | 17,033) | 154,396) |
| Dec 31, 2010 | 62,633) | 149,831) | 15,014) | 146,839) |
| Dec 31, 2009 | 52,061) | 117,931) | 9,605) | 110,569) |
| Dec 31, 2008 | 49,100) | 115,087) | 9,425) | 112,965) |
| Dec 31, 2007 | 58,312) | 120,320) | 9,566) | 121,762) |
| Dec 31, 2006 | 48,817) | 105,171) | 8,347) | 113,844) |
| Dec 31, 2005 | 46,307) | 97,149) | 7,991) | 111,186) |
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).
An analysis of the long-term balance sheet trends reveals a substantial expansion in both the company's liability profile and its equity base between 2005 and 2025. Total liabilities increased from 97,149 million USD in 2005 to 182,354 million USD by 2025, representing nearly a doubling of total obligations over the two-decade period. This growth was mirrored by a significant rise in the total share of equity, which grew from 111,186 million USD to 259,386 million USD, indicating a long-term strengthening of the company's net asset position.
- Liability Composition and Debt Trends
- A significant shift is observed in the structure of liabilities. While current liabilities have remained relatively volatile, fluctuating between approximately 46,000 million USD and 77,000 million USD, long-term debt (including notes and loans payable) exhibited a pronounced upward trajectory. Long-term debt rose from 7,991 million USD in 2005 to a peak of 67,640 million USD in 2020. This 2020 spike represents a temporary surge in borrowing, after which the balance stabilized around 41,000 to 43,000 million USD through 2025. Consequently, long-term debt has evolved from a minor component of total liabilities to a primary driver of the company's financing structure.
- Equity Growth and Capitalization
- The total share of equity demonstrated consistent growth, punctuated by a period of volatility between 2018 and 2020, where equity dipped from 191,650 million USD to 157,150 million USD before recovering. A substantial acceleration in equity accumulation occurred between 2022 and 2024, with the balance rising from 195,049 million USD in 2021 to 263,705 million USD by 2024. This suggests a significant increase in retained earnings or capital contributions toward the end of the observed period.
- Solvency and Leverage Observations
- The relationship between total liabilities and equity indicates an improvement in the overall solvency position. In 2005, total liabilities were nearly equivalent to the share of equity. By 2025, the equity base had grown to exceed total liabilities by approximately 77,000 million USD. This trend suggests a reduction in financial leverage over the long term, as the growth in equity has outpaced the growth in total liabilities, thereby enhancing the company's financial cushion and reducing its reliance on external debt relative to its own capital.
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Cash Flow Statement
ExxonMobil Holdings Corp., selected items from cash flow statement, long-term trends
US$ in millions
| 12 months ended: | Net cash provided by operating activities | Net cash used in investing activities | Net cash provided by (used in) financing activities |
|---|---|---|---|
| Dec 31, 2025 | 51,970) | (25,927) | (39,081) |
| Dec 31, 2024 | 55,022) | (19,938) | (42,789) |
| Dec 31, 2023 | 55,369) | (19,274) | (34,297) |
| Dec 31, 2022 | 76,797) | (14,742) | (39,114) |
| Dec 31, 2021 | 48,129) | (10,235) | (35,423) |
| Dec 31, 2020 | 14,668) | (18,459) | 5,285) |
| Dec 31, 2019 | 29,716) | (23,084) | (6,618) |
| Dec 31, 2018 | 36,014) | (16,446) | (19,446) |
| Dec 31, 2017 | 30,066) | (15,730) | (15,130) |
| Dec 31, 2016 | 22,082) | (12,403) | (9,293) |
| Dec 31, 2015 | 30,344) | (23,824) | (7,037) |
| Dec 31, 2014 | 45,116) | (26,975) | (17,888) |
| Dec 31, 2013 | 44,914) | (34,201) | (15,476) |
| Dec 31, 2012 | 56,170) | (25,601) | (33,868) |
| Dec 31, 2011 | 55,345) | (22,165) | (28,256) |
| Dec 31, 2010 | 48,413) | (24,204) | (26,924) |
| Dec 31, 2009 | 28,438) | (22,419) | (27,283) |
| Dec 31, 2008 | 59,725) | (15,499) | (44,027) |
| Dec 31, 2007 | 52,002) | (9,728) | (38,345) |
| Dec 31, 2006 | 49,286) | (14,230) | (36,210) |
| Dec 31, 2005 | 48,138) | (10,270) | (26,941) |
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).
The long-term cash flow profile exhibits a consistent pattern of generating substantial operational liquidity to fund both capital expenditures and significant shareholder returns. While the overall trend reflects a robust ability to generate cash, there is notable volatility tied to external market cycles, particularly between 2014 and 2022.
- Operating Cash Flow Trends
- Net cash provided by operating activities remained strong from 2005 to 2012, peaking at 59,725 million USD in 2008. A period of instability followed, characterized by a significant decline that reached a minimum of 14,668 million USD in 2020. A sharp recovery is observed starting in 2021, with a peak of 76,797 million USD in 2022, before stabilizing in the 51,000 to 55,000 million USD range through 2025.
- Investing Activity Patterns
- Cash used in investing activities remained consistently negative throughout the period, reflecting ongoing capital investment. Outflows peaked in 2013 at 34,201 million USD. A period of reduced investment spending occurred between 2016 and 2021, with a low of 10,235 million USD in 2021. However, a renewed upward trend in investment outflows is evident from 2022 to 2025, reaching 25,927 million USD by the end of the period.
- Financing Activity Dynamics
- Financing activities predominantly represent cash outflows, indicating a sustained commitment to debt repayment and shareholder distributions. From 2005 to 2019, outflows were generally substantial, with a temporary reduction between 2014 and 2019. A critical pivot occurred in 2020, where the company recorded a positive net cash inflow of 5,285 million USD, suggesting a shift toward external financing. This was followed by a return to aggressive cash outflows from 2021 to 2025, with annual figures frequently exceeding 35,000 million USD.
- Cash Flow Interconnectivity
- The relationship between the three cash flow components reveals a strategy of utilizing operational strength to offset investing and financing needs. In years of peak operational cash flow, such as 2022, there was a corresponding increase in financing outflows. Conversely, the contraction in operating cash flow in 2020 necessitated a shift in financing activities to maintain liquidity and sustain investing obligations.
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Per Share Data
ExxonMobil Holdings Corp., selected data per share, long-term trends
US$
| 12 months ended: | Basic earnings per share 1 | Diluted earnings per share 2 | Dividend per share 3 |
|---|---|---|---|
| Dec 31, 2025 | 6.70 | 6.70 | 4.00 |
| Dec 31, 2024 | 7.84 | 7.84 | 3.84 |
| Dec 31, 2023 | 8.89 | 8.89 | 3.68 |
| Dec 31, 2022 | 13.26 | 13.26 | 3.55 |
| Dec 31, 2021 | 5.39 | 5.39 | 3.49 |
| Dec 31, 2020 | -5.25 | -5.25 | 3.48 |
| Dec 31, 2019 | 3.36 | 3.36 | 3.43 |
| Dec 31, 2018 | 4.88 | 4.88 | 3.23 |
| Dec 31, 2017 | 4.63 | 4.63 | 3.06 |
| Dec 31, 2016 | 1.88 | 1.88 | 2.98 |
| Dec 31, 2015 | 3.85 | 3.85 | 2.88 |
| Dec 31, 2014 | 7.60 | 7.60 | 2.70 |
| Dec 31, 2013 | 7.37 | 7.37 | 2.46 |
| Dec 31, 2012 | 9.70 | 9.70 | 2.18 |
| Dec 31, 2011 | 8.43 | 8.42 | 1.85 |
| Dec 31, 2010 | 6.24 | 6.22 | 1.74 |
| Dec 31, 2009 | 3.99 | 3.98 | 1.66 |
| Dec 31, 2008 | 8.78 | 8.69 | 1.55 |
| Dec 31, 2007 | 7.36 | 7.28 | 1.37 |
| Dec 31, 2006 | 6.68 | 6.62 | 1.28 |
| Dec 31, 2005 | 5.76 | 5.71 | 1.14 |
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, 2, 3 Data adjusted for splits and stock dividends.
The financial data indicates a stark contrast between the high volatility of earnings per share and the consistent, linear growth of dividend distributions over the twenty-year period from 2005 to 2025.
- Earnings Performance and Volatility
- Basic and diluted earnings per share (EPS) exhibit significant cyclicality. A period of growth was observed between 2005 and 2008, peaking at 8.78 USD before a sharp contraction in 2009. A subsequent recovery led to a peak of 9.70 USD in 2012, followed by a multi-year decline that reached a low of 1.88 USD in 2016. The most significant volatility occurred in 2020, when EPS fell to a deficit of -5.25 USD. This was followed by a rapid recovery to a historical peak of 13.26 USD in 2022, before entering a gradual downward trend toward 6.70 USD by 2025.
- Dividend Growth Trend
- Unlike earnings, the dividend per share demonstrates an uninterrupted upward trajectory. Starting at 1.14 USD in 2005, the dividend has increased every consecutive year, reaching 4.00 USD by 2025. The growth pattern is characterized by stability and predictability, irrespective of the fluctuations in annual profitability.
- Earnings-to-Dividend Relationship
- The relationship between earnings and dividends reveals a commitment to shareholder returns that transcends short-term profit cycles. This is most evident in 2020, where the dividend was increased to 3.48 USD despite a substantial net loss per share. While the dividend payout ratio likely spiked during periods of low EPS (such as 2016 and 2020), the company maintained its dividend growth policy throughout all market cycles.
- Dilution Analysis
- The minimal variance between basic and diluted earnings per share across the entire timeframe suggests a negligible impact from convertible securities, stock options, or other dilutive instruments on the overall earnings structure.
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