UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 10-Q
THE SECURITIES EXCHANGE ACT OF 1934
For the quarterly period ended March 31, 2026
or
THE SECURITIES EXCHANGE ACT OF 1934
For the transition period from __________to__________
Commission File Number 1-2256
(Exact name of registrant as specified in its charter)
(State or other jurisdiction of incorporation or organization) | (I.R.S. Employer Identification Number) |
(Address of principal executive offices) (Zip Code)
(972 ) 940-6000
(Registrant's telephone number, including area code)
_______________________
Securities registered pursuant to Section 12(b) of the Act:
Title of Each Class | Trading Symbol | Name of Each Exchange on Which Registered | ||
Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of
1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such
filing requirements for the past 90 days. Yes ☑ No ☐
Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted and posted pursuant to
Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to
submit and post such files). Yes ☑ No ☐
Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or
an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and “emerging growth
company” in Rule 12b-2 of the Exchange Act.
☑ | Accelerated filer | ☐ | |
Non-accelerated filer | ☐ | Smaller reporting company | |
Emerging growth company | |||
If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any
new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐
Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☑
Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date.
Class | Outstanding as of March 31, 2026 | |
Common stock, without par value |
2
EXXON MOBIL CORPORATION
FORM 10-Q
FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2026
TABLE OF CONTENTS
PART I. FINANCIAL INFORMATION | |
Item 1. Financial Statements | |
Notes to Condensed Consolidated Financial Statements | |
PART II. OTHER INFORMATION | |
3
PART I. FINANCIAL INFORMATION
ITEM 1. FINANCIAL STATEMENTS | ||||
The information in the Notes to Condensed Consolidated Financial Statements is an integral part of these statements.
Due to rounding, numbers presented may not add up precisely to the totals indicated.
CONDENSED CONSOLIDATED STATEMENT OF INCOME | |
(millions of dollars, unless noted) | Note Reference Number | Three Months Ended March 31, | |
2026 | 2025 | ||
Revenues and other income | |||
Sales and other operating revenue | |||
Income from equity affiliates | |||
Other income | |||
Total revenues and other income | |||
Costs and other deductions | |||
Crude oil and product purchases | |||
Production and manufacturing expenses | |||
Selling, general and administrative expenses | |||
Depreciation and depletion (includes impairments) | |||
Exploration expenses, including dry holes | |||
Non-service pension and postretirement benefit expense | |||
Interest expense | |||
Other taxes and duties | |||
Total costs and other deductions | |||
Income (loss) before income taxes | |||
Income tax expense (benefit) | |||
Net income (loss) including noncontrolling interests | |||
Net income (loss) attributable to noncontrolling interests | |||
Net income (loss) attributable to ExxonMobil | |||
Earnings (loss) per common share (dollars) | |||
Earnings (loss) per common share - assuming dilution (dollars) | |||
4
CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME | |
(millions of dollars) | Three Months Ended March 31, | |
2026 | 2025 | |
Net income (loss) including noncontrolling interests | ||
Other comprehensive income (net of income taxes) | ||
Foreign exchange translation adjustment | ( | |
Adjustment for foreign exchange translation (gain)/loss included in net income | ( | |
Postretirement benefits reserves adjustment (excluding amortization) | ( | ( |
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs | ( | |
Total other comprehensive income (loss) | ( | |
Comprehensive income (loss) including noncontrolling interests | ||
Comprehensive income (loss) attributable to noncontrolling interests | ||
Comprehensive income (loss) attributable to ExxonMobil | ||
5
CONDENSED CONSOLIDATED BALANCE SHEET | |
(millions of dollars, unless noted) | Note Reference Number | March 31, 2026 | December 31, 2025 |
ASSETS | |||
Current assets | |||
Cash and cash equivalents | |||
Notes and accounts receivable – net | |||
Inventories | |||
Crude oil, products and merchandise | |||
Materials and supplies | |||
Other current assets | |||
Total current assets | |||
Investments, advances and long-term receivables | |||
Property, plant and equipment – net | |||
Other assets, including intangibles – net | |||
Total Assets | |||
LIABILITIES | |||
Current liabilities | |||
Notes and loans payable | |||
Accounts payable and accrued liabilities | |||
Income taxes payable | |||
Total current liabilities | |||
Long-term debt | |||
Postretirement benefits reserves | |||
Deferred income tax liabilities | |||
Long-term obligations to equity companies | |||
Other long-term obligations | |||
Total Liabilities | |||
Commitments and contingencies | |||
EQUITY | |||
Common stock without par value ( | |||
Earnings reinvested | |||
Accumulated other comprehensive income | ( | ( | |
Common stock held in treasury ( | ( | ( | |
ExxonMobil share of equity | |||
Noncontrolling interests | |||
Total Equity | |||
Total Liabilities and Equity |
6
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS | |
(millions of dollars) | Three Months Ended March 31, | |
2026 | 2025 | |
CASH FLOWS FROM OPERATING ACTIVITIES | ||
Net income (loss) including noncontrolling interests | ||
Depreciation and depletion (includes impairments) | ||
Changes in operational working capital, excluding cash and debt | ( | ( |
All other items – net | ( | |
Net cash provided by operating activities | ||
CASH FLOWS FROM INVESTING ACTIVITIES | ||
Additions to property, plant and equipment | ( | ( |
Proceeds from asset sales and returns of investments | ||
Additional investments and advances | ( | ( |
Other investing activities including collection of advances | ||
Net cash used in investing activities | ( | ( |
CASH FLOWS FROM FINANCING ACTIVITIES | ||
Additions to long-term debt | ||
Reductions in long-term debt | ( | ( |
Reductions in short-term debt (1) | ( | ( |
Additions/(reductions) in commercial paper, and debt with three months or less maturity | ( | |
Cash dividends to ExxonMobil shareholders | ( | ( |
Cash dividends to noncontrolling interests | ( | ( |
Changes in noncontrolling interests | ( | |
Inflows from noncontrolling interests for major projects | ||
Common stock acquired | ( | ( |
Net cash used in financing activities | ( | ( |
Effects of exchange rate changes on cash | ( | |
Increase/(decrease) in cash and cash equivalents (including restricted) | ( | ( |
Cash and cash equivalents at beginning of period (including restricted) | ||
Cash and cash equivalents at end of period (including restricted) | ||
SUPPLEMENTAL DISCLOSURES | ||
Cash interest paid | ||
Included in cash flows from operating activities | ||
Capitalized, included in cash flows from investing activities | ||
Total cash interest paid | ||
Noncash right of use assets recorded in exchange for lease liabilities | ||
Operating leases | ||
Finance leases | ||
(1) Includes commercial paper with a maturity greater than three months. | ||
7
CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY | |
ExxonMobil Share of Equity | |||||||
(millions of dollars, unless noted) | Common Stock | Earnings Reinvested | Accumulated Other Comprehensive Income | Common Stock Held in Treasury | ExxonMobil Share of Equity | Non- controlling Interests | Total Equity |
Balance as of December 31, 2024 | ( | ( | |||||
Amortization of stock-based awards | — | — | — | — | |||
Other | ( | — | — | ( | ( | ||
Net income (loss) for the period | — | — | — | ||||
Dividends - common shares | — | ( | — | — | ( | ( | ( |
Other comprehensive income (loss) | — | — | — | ||||
Share repurchases, at cost | — | — | — | ( | ( | — | ( |
Dispositions | — | — | — | — | |||
Balance as of March 31, 2025 | ( | ( | |||||
Balance as of December 31, 2025 | ( | ( | |||||
Amortization of stock-based awards | — | — | — | — | |||
Other | ( | — | — | ( | ( | ( | |
Net income (loss) for the period | — | — | — | ||||
Dividends - common shares | — | ( | — | — | ( | ( | ( |
Other comprehensive income (loss) | — | — | ( | — | ( | ( | ( |
Share repurchases, at cost | — | — | — | ( | ( | — | ( |
Dispositions | — | — | — | — | |||
Balance as of March 31, 2026 | ( | ( | |||||
Three Months Ended March 31, 2026 | Three Months Ended March 31, 2025 | |||||
Common Stock Share Activity (millions of shares) | Issued | Held in Treasury | Outstanding | Issued | Held in Treasury | Outstanding |
Balance as of December 31 | ( | ( | ||||
Share repurchases, at cost | — | ( | ( | — | ( | ( |
Balance as of March 31 | ( | ( | ||||
NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS | |
Due to rounding, numbers presented may not add up precisely to the totals indicated.
These unaudited Condensed Consolidated Financial Statements should be read in the context of the Consolidated Financial
Statements and notes thereto filed with the Securities and Exchange Commission in the Corporation's 2025 Annual Report on
Form 10-K. In the opinion of the Corporation, the information furnished herein reflects all known accruals and adjustments
necessary for a fair statement of the results for the periods reported herein. All such adjustments are of a normal recurring
nature.
The Corporation's exploration and production activities are accounted for under the "successful efforts" method.
Earnings per common share | Three Months Ended March 31, | |
2026 | 2025 | |
Net income (loss) attributable to ExxonMobil (millions of dollars) | ||
Weighted-average number of common shares outstanding (millions of shares) (1) | ||
Earnings (loss) per common share (dollars) (2) | ||
Dividends paid per common share (dollars) | ||
(1) Includes restricted shares not vested. | ||
(2) Earnings (loss) per common share and earnings (loss) per common share – assuming dilution are the same in each period shown. | ||
8
Our four reportable segments are Upstream, Energy Products, Chemical Products, and Specialty Products.
(millions of dollars) | Upstream | Energy Products | Chemical Products | Specialty Products | Segment Total | ||||
U.S. | Non-U.S. | U.S. | Non-U.S. | U.S. | Non-U.S. | U.S. | Non-U.S. | ||
Three Months Ended March 31, 2026 | |||||||||
Revenues and other income | |||||||||
Sales and other operating revenue | |||||||||
Income from equity affiliates | ( | ( | |||||||
Intersegment revenue | |||||||||
Other income | |||||||||
Segment revenues and other income | |||||||||
Costs and other items | |||||||||
Crude oil and product purchases | |||||||||
Operating expenses, excl. depreciation and depletion (1) | |||||||||
Depreciation and depletion (includes impairments) | |||||||||
Interest expense | ( | ||||||||
Other taxes and duties | |||||||||
Total costs and other deductions | |||||||||
Segment income (loss) before income taxes | ( | ( | |||||||
Income tax expense (benefit) | ( | ( | |||||||
Segment net income (loss) incl. noncontrolling interests | ( | ( | |||||||
Net income (loss) attributable to noncontrolling interests | ( | ||||||||
Segment income (loss) | ( | ( | |||||||
Reconciliation of consolidated revenues | |||||||||
Segment revenues and other income | |||||||||
Other revenues (2) | |||||||||
Elimination of intersegment revenues | ( | ||||||||
Total consolidated revenues and other income | |||||||||
Reconciliation of income (loss) attributable to ExxonMobil | |||||||||
Total segment income (loss) | |||||||||
Corporate and Financing income (loss) | ( | ||||||||
Net income (loss) attributable to ExxonMobil | |||||||||
(millions of dollars) | Upstream | Energy Products | Chemical Products | Specialty Products | Segment Total | ||||
U.S. | Non-U.S. | U.S. | Non-U.S. | U.S. | Non-U.S. | U.S. | Non-U.S. | ||
Three Months Ended March 31, 2026 | |||||||||
Additions to property, plant and equipment (3) | |||||||||
As of March 31, 2026 | |||||||||
Investments in equity companies | |||||||||
Total assets | |||||||||
Reconciliation to Corporate Total | Segment Total | Corporate and Financing | Corporate Total | ||||||
Three Months Ended March 31, 2026 | |||||||||
Additions to property, plant and equipment (3) | |||||||||
As of March 31, 2026 | |||||||||
Investments in equity companies | ( | ||||||||
Total assets | |||||||||
(1) Operating expenses, excl. depreciation and depletion includes the following GAAP line items, as reflected on the Income Statement: Production and manufacturing expenses; Selling, general and administrative expenses; Exploration expenses, including dry holes; and Non-service pension and postretirement benefit expense. | |||||||||
(2) Primarily Corporate and Financing Interest revenue of $ | |||||||||
(3) Includes non-cash additions. | |||||||||
9
(millions of dollars) | Upstream | Energy Products | Chemical Products | Specialty Products | Segment Total | ||||
U.S. | Non-U.S. | U.S. | Non-U.S. | U.S. | Non-U.S. | U.S. | Non-U.S. | ||
Three Months Ended March 31, 2025 | |||||||||
Revenues and other income | |||||||||
Sales and other operating revenue | |||||||||
Income from equity affiliates | ( | ||||||||
Intersegment revenue | |||||||||
Other income | ( | ( | |||||||
Segment revenues and other income | |||||||||
Costs and other items | |||||||||
Crude oil and product purchases | |||||||||
Operating expenses, excl. depreciation and depletion (1) | |||||||||
Depreciation and depletion (includes impairments) | |||||||||
Interest expense | |||||||||
Other taxes and duties | |||||||||
Total costs and other deductions | |||||||||
Segment income (loss) before income taxes | |||||||||
Income tax expense (benefit) | ( | ||||||||
Segment net income (loss) incl. noncontrolling interests | |||||||||
Net income (loss) attributable to noncontrolling interests | |||||||||
Segment income (loss) | |||||||||
Reconciliation of consolidated revenues | |||||||||
Segment revenues and other income | |||||||||
Other revenues (2) | |||||||||
Elimination of intersegment revenues | ( | ||||||||
Total consolidated revenues and other income | |||||||||
Reconciliation of income (loss) attributable to ExxonMobil | |||||||||
Total segment income (loss) | |||||||||
Corporate and Financing income (loss) | ( | ||||||||
Net income (loss) attributable to ExxonMobil | |||||||||
(millions of dollars) | Upstream | Energy Products | Chemical Products | Specialty Products | Segment Total | ||||
U.S. | Non-U.S. | U.S. | Non-U.S. | U.S. | Non-U.S. | U.S. | Non-U.S. | ||
Three Months Ended March 31, 2025 | |||||||||
Additions to property, plant and equipment (3) | |||||||||
As of December 31, 2025 | |||||||||
Investments in equity companies | |||||||||
Total assets | |||||||||
Reconciliation to Corporate Total | Segment Total | Corporate and Financing | Corporate Total | ||||||
Three Months Ended March 31, 2025 | |||||||||
Additions to property, plant and equipment (3) | |||||||||
As of December 31, 2025 | |||||||||
Investments in equity companies | ( | ||||||||
Total assets | |||||||||
(1) Operating expenses, excl. depreciation and depletion includes the following GAAP line items, as reflected on the Income Statement: Production and manufacturing expenses; Selling, general and administrative expenses; Exploration expenses, including dry holes; and Non-service pension and postretirement benefit expense. | |||||||||
(2) Primarily Corporate and Financing Interest revenue of $ | |||||||||
(3) Includes non-cash additions. | |||||||||
10
Sales and other operating revenue include both revenue within the scope of ASC 606 and outside the scope of ASC 606. Trade
receivables in "Notes and accounts receivable – net" reported on the Balance Sheet also includes both receivables within the
scope of ASC 606 and those outside the scope of ASC 606. Revenue and receivables outside the scope of ASC 606 primarily
relate to physically settled commodity contracts accounted for as derivatives. Contractual terms, credit quality, and type of
customer are generally similar between those revenues and receivables within the scope of ASC 606 and those outside it.
Sales and other operating revenue (millions of dollars) | Three Months Ended March 31, | |
2026 | 2025 | |
Revenue from contracts with customers | ||
Revenue outside the scope of ASC 606 | ||
Total | ||
Geographic Sales and Other Operating Revenue (millions of dollars) | Three Months Ended March 31, | |
2026 | 2025 | |
United States | ||
Non-U.S. | ||
Total | ||
Significant Non-U.S. revenue sources include: (1) | ||
Canada | ||
(1) Revenue is determined by primary country of operations. Excludes certain sales and other operating revenues in non-U.S. operations where attribution to a specific country is not practicable. | ||
(millions of dollars) | Three Months Ended March 31, | |
2026 | 2025 | |
Components of net benefit cost | ||
Pension Benefits - U.S. | ||
Service cost | ||
Interest cost | ||
Expected return on plan assets | ( | ( |
Amortization of actuarial loss/(gain) | ||
Amortization of prior service cost | ( | ( |
Net pension enhancement and curtailment/settlement cost | ( | |
Net benefit cost | ||
Pension Benefits - Non-U.S. | ||
Service cost | ||
Interest cost | ||
Expected return on plan assets | ( | ( |
Amortization of actuarial loss/(gain) | ( | |
Amortization of prior service cost | ||
Net pension enhancement and curtailment/settlement cost | ||
Net benefit cost | ||
Other Postretirement Benefits | ||
Service cost | ||
Interest cost | ||
Expected return on plan assets | ( | ( |
Amortization of actuarial loss/(gain) | ( | ( |
Amortization of prior service cost | ( | ( |
Net benefit cost | ||
11
ExxonMobil Share of Accumulated Other Comprehensive Income (millions of dollars) | Cumulative Foreign Exchange Translation Adjustment | Postretirement Benefits Reserves Adjustment | Total |
Balance as of December 31, 2024 | ( | ( | |
Current period change excluding amounts reclassified from accumulated other comprehensive income (1) | ( | ||
Amounts reclassified from accumulated other comprehensive income | |||
Total change in accumulated other comprehensive income | ( | ||
Balance as of March 31, 2025 | ( | ( | |
Balance as of December 31, 2025 | ( | ( | |
Current period change excluding amounts reclassified from accumulated other comprehensive income (1) | ( | ( | ( |
Amounts reclassified from accumulated other comprehensive income | ( | ( | ( |
Total change in accumulated other comprehensive income | ( | ( | ( |
Balance as of March 31, 2026 | ( | ( | |
(1) Cumulative Foreign Exchange Translation Adjustment includes net investment hedge gain/(loss) net of taxes of $ million in 2026 and 2025, respectively. | |||
Amounts Reclassified Out of Accumulated Other Comprehensive Income - Before-tax Income/(Expense) (millions of dollars) | Three Months Ended March 31, | |
2026 | 2025 | |
Foreign exchange translation gain/(loss) included in net income (Statement of Income line: Other income) | ||
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs (Statement of Income line: Non-service pension and postretirement benefit expense) | ( | |
Income Tax (Expense)/Credit For Components of Other Comprehensive Income (millions of dollars) | Three Months Ended March 31, | |
2026 | 2025 | |
Foreign exchange translation adjustment | ||
Postretirement benefits reserves adjustment (excluding amortization) | ||
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs | ( | |
Total | ||
12
hierarchy level for the fair value measurement was as follows:
March 31, 2026 | ||||||||
(millions of dollars) | Fair Value | |||||||
Level 1 | Level 2 | Level 3 | Total Gross Assets & Liabilities | Effect of Counterparty Netting | Effect of Collateral Netting | Difference in Carrying Value and Fair Value | Net Carrying Value | |
Assets | ||||||||
Derivative assets (1) | — | ( | ( | — | ||||
Advances to/receivables from equity companies (2)(3) | — | — | — | |||||
Other long-term financial assets (4) | — | — | — | |||||
Liabilities | ||||||||
Derivative liabilities (5) | — | ( | ( | — | ||||
Long-term debt (6) | — | — | — | |||||
Long-term obligations to equity companies (3) | — | — | — | — | — | |||
Other long-term financial liabilities (7) | — | — | — | — | ||||
December 31, 2025 | ||||||||
(millions of dollars) | Fair Value | |||||||
Level 1 | Level 2 | Level 3 | Total Gross Assets & Liabilities | Effect of Counterparty Netting | Effect of Collateral Netting | Difference in Carrying Value and Fair Value | Net Carrying Value | |
Assets | ||||||||
Derivative assets (1) | — | ( | ( | — | ||||
Advances to/receivables from equity companies (2)(3) | — | — | — | |||||
Other long-term financial assets (4) | — | — | — | |||||
Liabilities | ||||||||
Derivative liabilities (5) | — | ( | ( | — | ||||
Long-term debt (6) | — | — | — | |||||
Long-term obligations to equity companies (3) | — | — | — | — | — | |||
Other long-term financial liabilities (7) | — | — | — | — | ||||
(1) Included in the Balance Sheet lines: Notes and accounts receivable - net and Other assets, including intangibles - net. | ||||||||
(2) Included in the Balance Sheet line: Investments, advances and long-term receivables. | ||||||||
(3) Advances to/receivables from equity companies and long-term obligations to equity companies are mainly designated as hierarchy level 3 inputs. The fair value is calculated by discounting the remaining obligations by a rate consistent with the credit quality and industry of the equity company. | ||||||||
(4) Included in the Balance Sheet lines: Investments, advances and long-term receivables and Other assets, including intangibles - net. | ||||||||
(5) Included in the Balance Sheet lines: Accounts payable and accrued liabilities and Other long-term obligations. | ||||||||
(6) Excluding finance lease obligations. | ||||||||
(7) Included in the Balance Sheet line: Other long-term obligations. Includes contingent consideration related to a prior year acquisition where fair value is based on expected drilling activities and discount rates. | ||||||||
13
At March 31, 2026 and December 31, 2025, respectively, the Corporation had $1.9 billion and $0.5 billion of collateral under
master netting arrangements not offset against the derivatives on the Condensed Consolidated Balance Sheet, primarily related
to initial margin requirements.
net investments in certain foreign subsidiaries. Under this method, the change in the carrying value of the financial instruments
Corporation has designated $3.4 billion of its Euro-denominated debt and related accrued interest as a net investment hedge of
its European business. The net investment hedge is deemed to be perfectly effective.
The Corporation had undrawn short-term committed lines of credit of $7.3 billion and undrawn long-term committed lines of
credit of $0.3 billion as of the end of first quarter 2026.
Derivative Instruments
The Corporation’s size, strong capital structure, geographic diversity, and the complementary nature of its business segments
reduce the Corporation’s enterprise-wide risk from changes in commodity prices, currency rates, and interest rates. In addition,
the Corporation uses commodity-based contracts, including derivatives, to manage commodity price risk and to generate returns
from trading. Commodity contracts held for trading purposes are presented in the Condensed Consolidated Statement of Income
on a net basis in the line “Sales and other operating revenue" and in the Consolidated Statement of Cash Flows in “Cash Flows
from Operating Activities” and included before-tax realized and unrealized losses of $3.8 billion and gains of $19 million for
the periods ended March 31, 2026 and 2025, respectively. The Corporation’s commodity derivatives are not accounted for
under hedge accounting. At times, the Corporation also enters into currency and interest rate derivatives, none of which are
material to the Corporation’s financial position as of March 31, 2026 and December 31, 2025, or results of operations for the
periods ended March 31, 2026 and 2025.
The Corporation operates a program to hedge certain of its fixed-rate debt instruments against changes in fair value due to
changes in the designated benchmark interest rate. This program utilizes fair value hedge accounting. The derivative (hedging)
instruments are fixed-for-floating interest rate swaps, with settlement dates that correspond to the interest payments associated
with the fixed-rate debt (hedged item). Changes in the fair values of the hedging instruments are perfectly offset by changes in
the fair values of the hedged items; the effects of these changes in fair values are recorded in "Interest expense" in the
Consolidated Statement of Income. This program was not material to the Consolidated Financial Statements as of the end of
first quarter 2026.
Credit risk associated with the Corporation’s derivative position is mitigated by several factors, including the use of derivative
clearing exchanges and the quality of and financial limits placed on derivative counterparties. The Corporation maintains a
system of controls that includes the authorization, reporting, and monitoring of derivative activity.
(millions) | March 31, 2026 | December 31, 2025 |
Crude oil (barrels) | ||
Petroleum products (barrels) | ( | ( |
Natural gas (MMBTUs) | ( | ( |
Litigation
A variety of claims have been made against ExxonMobil and certain of its consolidated subsidiaries in a number of pending
lawsuits. Management has regular litigation reviews, including updates from corporate and outside counsel, to assess the need
for accounting recognition or disclosure of these contingencies. The Corporation accrues an undiscounted liability for those
contingencies where the incurrence of a loss is probable and the amount can be reasonably estimated. If a range of amounts can
be reasonably estimated and no amount within the range is a better estimate than any other amount, then the minimum of the
range is accrued. The Corporation does not record liabilities when the likelihood that the liability has been incurred is probable
but the amount cannot be reasonably estimated or when the liability is believed to be only reasonably possible or remote. For
contingencies where an unfavorable outcome is reasonably possible and which are significant, the Corporation discloses the
nature of the contingency and, where feasible, an estimate of the possible loss. For purposes of our contingency disclosures,
“significant” includes material matters, as well as other matters, which management believes should be disclosed.
14
State and local governments and other entities in various jurisdictions across the United States and its territories have filed a
number of legal proceedings against several oil and gas companies, including ExxonMobil, requesting unprecedented legal and
equitable relief for various alleged injuries purportedly connected to climate change. These lawsuits assert a variety of novel,
untested claims under statutory and common law. Additional such lawsuits may be filed. We believe the legal and factual
theories set forth in these proceedings are meritless and represent an inappropriate attempt to use the court system to usurp the
proper role of policymakers in addressing the societal challenges of climate change.
Local governments in Louisiana have filed unprecedented legal proceedings against a number of oil and gas companies,
including ExxonMobil, requesting compensation for the restoration of coastal marsh erosion in the state. We believe the factual
and legal theories set forth in these proceedings are meritless.
While the outcome of any litigation can be unpredictable, we believe the likelihood is remote that the ultimate outcomes of
these lawsuits will have a material adverse effect on the Corporation’s operations, financial condition, or financial statements
taken as a whole. We will continue to defend vigorously against these claims.
Other Contingencies
The Corporation and certain of its consolidated subsidiaries were contingently liable at March 31, 2026, for guarantees relating
to notes, loans and performance under contracts. Where guarantees for environmental remediation and other similar matters do
not include a stated cap, the amounts reflect management’s estimate of the maximum potential exposure. Where it is not
possible to make a reasonable estimation of the maximum potential amount of future payments, future performance is expected
to be either immaterial or have only a remote chance of occurrence.
March 31, 2026 | |||
(millions of dollars) | Equity Company Obligations (1) | Other Third-Party Obligations | Total |
Guarantees | |||
Non-debt-related | |||
Total | |||
(1) ExxonMobil share. | |||
Additionally, the Corporation and its affiliates have numerous long-term sales and purchase commitments in their various
business activities, all of which are expected to be fulfilled with no adverse consequences material to the Corporation’s
operations or financial condition.
Through March 31, 2026, the Corporation realized proceeds of approximately $0.2 billion from its divestment activities with
negligible impact on after-tax earnings. This included the sale of certain conventional assets in the United States, as well as
other smaller divestments.
In 2025, the Corporation realized proceeds of approximately $3.2 billion and recognized net after-tax earnings of approximately
$1.1 billion from its divestment activities. This included the sale of the Singapore retail fuels business, Mobil Argentina S.A.,
Product Solutions affiliates in France, certain conventional and unconventional assets in the United States, and other smaller
divestments.
15
ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND
RESULTS OF OPERATIONS
Due to rounding, numbers presented may not add up precisely to the totals indicated.
FORWARD-LOOKING STATEMENTS
Statements related to future events; projections; descriptions of strategic, operating, and financial plans and objectives;
statements of future ambitions and plans; future earnings power; potential addressable markets; and other statements of future
events or conditions are forward-looking statements. Similarly, discussion of future plans related to carbon capture,
transportation and storage, lower-emission fuels, hydrogen and ammonia, direct air capture, ProxximaTM systems, carbon
materials, lithium, low-carbon data centers, and other future plans to reduce emissions and emission intensity of ExxonMobil,
its affiliates, and third parties are dependent on future market factors, such as continued technological progress, stable policy
support and timely rule-making and permitting, and represent forward-looking statements.
Actual future results, including financial and operating performance; potential earnings, cash flow, dividends or shareholder
returns, including the timing and amounts of share repurchases; total capital expenditures and mix, including allocations of
capital to low carbon and other new investments; realization and maintenance of structural cost reductions and efficiency gains,
including the ability to offset inflationary pressure; plans to reduce future emissions and emissions intensity, including
ambitions to reach Scope 1 and Scope 2 net zero from operated assets by 2050, to reach Scope 1 and 2 net zero in integrated
Upstream Permian Basin unconventional operated assets by 2035, to eliminate routine flaring in-line with World Bank Zero
Routine Flaring, to reach near-zero methane emissions from operated assets and other methane initiatives; and to meet
ExxonMobil’s emission reduction plans and goals, divestment and start-up plans, and associated project plans as well as
technology advances, including the timing and outcome of projects to capture, transport and store CO2, produce hydrogen and
ammonia, produce lower-emission fuels, produce ProxximaTM systems, produce carbon materials, produce lithium, and use
plastic waste as feedstock for advanced recycling; future debt levels and credit ratings; business and project plans, timing, costs,
capacities and profitability; resource recoveries and production rates; and planned Denbury and Pioneer integrated benefits,
could differ materially due to a number of factors.
These include global or regional changes or imbalances in the supply and demand for oil, natural gas, petrochemicals, and
feedstocks and other market factors; economic conditions and seasonal fluctuations that impact prices, differentials, margins,
and volume/mix for our products; developments or changes in local, national, or international laws, regulations, taxes, trade
sanctions, trade tariffs, or policies affecting our business, such as government policies supporting lower carbon and new market
investment opportunities, the punitive European taxes on the oil and gas sector and unequal support for different technological
methods of emissions reduction or evolving, ambiguous and unharmonized voluntary or mandatory standards or extraterritorial
laws and regulations imposed by various jurisdictions related to sustainability and greenhouse gas reporting; timely granting of
governmental permits, licenses, and certifications; uncertain impacts of deregulation on the legal and regulatory environment;
price impacts and the broader government responses to inflationary pressures; changes in interest and exchange rates; variable
impacts of trading activities and derivative positions, including timing effects, on our margins and results each quarter; actions
of co-venturers or partners, competitors and commercial counterparties, including suppliers and customers; government actions
in pursuit of national energy and security policies and priorities affecting our business; the outcome of commercial negotiations,
including final agreed terms and conditions; the outcome of competitive bidding and project awards; the ability to access debt
markets on favorable terms or at all; the occurrence, pace, rate of recovery and effects of public health crises; adoption of
regulatory incentives consistent with law; reservoir performance and optimization, including variability and timing factors
applicable to unconventional resources, the success of new unconventional technologies, and the ability of new technologies to
improve recovery relative to competitors; the level, outcome, and timing of exploration and development projects and decisions
to invest in future reserves and resources; timely completion of construction projects and commencement of start-up operations,
including reliance on third-party suppliers and service providers; final management approval of future projects and any changes
in the scope, terms, costs or assumptions of such projects as approved; the actions of governments, non-governmental
organizations, or other actors against our core business activities and acquisitions, divestitures or financing opportunities; war,
civil unrest, armed hostilities, attacks against the company or industry, and other geopolitical or security disturbances, including
disruption of land or sea transportation routes or distribution or shipping channels; decoupling of economies; disruption,
realignment, or breaking of current or historical trade or military alliances or global trade and supply chain networks; escalating
geopolitical volatility, including regime changes; expropriations, seizure, or capacity, insurance, shipping, import or export
limitations imposed directly or indirectly by governments or laws; opportunities for potential acquisitions, investments or
divestments and satisfaction of applicable conditions to closing, including timely regulatory approvals; the capture of
efficiencies within and between business lines and the ability to maintain near-term cost reductions as ongoing efficiencies
without impairing our competitive positioning; unforeseen technical or operating disruptions or difficulties and unplanned
maintenance; the development and competitiveness of alternative energy and emission reduction technologies; consumer
preferences including willingness and ability to pay for reduced emission products; the results of research programs and the
16
ability to bring new technologies to commercial scale on a cost-competitive basis; and other factors discussed under "Item 1A.
Risk Factors" of ExxonMobil’s 2025 Form 10-K.
Forward-looking and other statements regarding environmental and other sustainability efforts and aspirations are not an
indication that these statements are material to investors or require disclosure in our filing with the SEC or any other regulatory
authority. In addition, historical, current, and forward-looking environmental and other sustainability-related statements may be
based on standards for measuring progress that are still developing, internal controls and processes that continue to evolve, and
assumptions that are subject to change in the future, including future rule-making.
Actions needed to advance ExxonMobil’s 2030 greenhouse gas emission-reductions plans are incorporated into its medium
term business plans, which are updated annually. The reference case for planning beyond 2030 is based on ExxonMobil’s
Global Outlook (Outlook) research and publication. The Outlook is reflective of the existing global policy environment and an
assumption of increasing policy stringency and technology improvement to 2050. Current trends for policy stringency and
development of lower-emission solutions are not yet on a pathway to achieve net-zero by 2050. As such, the Outlook does not
project the degree of required future policy and technology advancement and deployment for the world, or ExxonMobil, to
meet net zero by 2050. As future policies and technology advancements emerge, they will be incorporated into the Outlook, and
ExxonMobil’s business plans will be updated accordingly. References to projects or opportunities may not reflect investment
decisions made by ExxonMobil or its affiliates. Individual projects or opportunities may advance based on a number of factors,
including availability of stable and supportive policy, permitting, technological advancement for cost-effective abatement,
insights from the Corporate planning process, and alignment with our partners and other stakeholders. Capital investment
guidance in lower-emission investments is based on our Corporate plan; however, actual investment levels will be subject to the
availability of the opportunity set and public policy support, and focused on returns.
The term “project” as used in this report can refer to a variety of different activities and does not necessarily have the same
meaning as in any government payment transparency reports.
17
Overview
Supply disruptions driven by geopolitical events in the Middle East impacted market conditions during the first quarter of 2026.
March experienced the largest ever monthly gain in oil prices driven by reduced global oil supply. Despite a sharp increase in
March, first quarter 2026 average crude oil prices increased slightly relative to fourth quarter 2025, remaining in the middle of
the 10-year historical range (2010-2019). Significant LNG supply decline in March resulted in higher prices in Europe and
Asia, driving natural gas prices above the 10-year average. Feedstock shortages resulted in lower refinery runs in the Middle
East and Asia with global industry refining margins remaining above the 10-year historical range. Chemical margins remained
at bottom of cycle, well below the 10-year range, because of higher feedstock costs, particularly in Asia.
During 2025, the U.S. and other countries implemented and adjusted a variety of trade-related measures, including tariffs on
certain imports. Based on the Corporation’s assessment of these actions and their effects to date, we do not expect them to have
a material impact on the Corporation's consolidated financial position, results of operations, or cash flows.
Selected Earnings Driver Definitions
The earnings drivers provide additional visibility into our business results. The Corporation evaluates these drivers periodically
to determine if any enhancements may provide helpful insights to the market. Listed below are descriptions of the earnings
drivers:
Advantaged Volume Growth. Represents earnings impacts from change in volume/mix from advantaged assets, advantaged
projects, and high-value products.
•Advantaged Assets (Advantaged growth projects). Includes Permian, Guyana, and LNG.
•Advantaged Projects. Includes capital projects and programs of work that contribute to Energy, Chemical, and/or
Specialty Products segments that drive integration of segments/businesses, increase yield of higher value products, or
deliver higher than average returns.
•High-Value Products. Includes performance products and lower-emission fuels. Performance products (performance
chemicals, performance lubricants) refers to products that provide differentiated performance for multiple applications
through enhanced properties versus commodity alternatives and bring significant additional value to customers and
end-users. Lower-emission fuels refers to fuels with lower life cycle emissions than conventional transportation fuels
for gasoline, diesel and jet transport.
Base Volume. Represents all volume/mix drivers not included in Advantaged Volume Growth defined above.
Structural Cost Savings. Represents after-tax earnings effects of Structural Cost Savings as defined on page 19, including cash
operating expenses related to divestments.
Expenses. Represents all expenses otherwise not included in other earnings drivers.
Estimated Timing Effects. Represents timing effects that are primarily related to unsettled derivatives which are required to be
marked to current period-end prices (mark-to-market), where the associated physical shipments are not reflected in earnings
until the physical transaction is complete. It also includes estimated recognition differences between the settlement of
derivatives and their offsetting physical commodity realizations (due to LIFO inventory accounting). Impacts are expected to
unwind in subsequent periods.
Identified Items. Represents individually significant non-operational events with, typically, an absolute corporate total earnings
impact of at least $250 million in a given quarter. The impact of an Identified Item for an individual segment may be less than
$250 million when the item impacts several segments or several periods.
18
Cash Capital Expenditures (Non-GAAP)
Cash capital expenditures (Cash Capex) is the sum of "Additions to property, plant and equipment", "Additional investments
and advances", and "Other investing activities including collection of advances", reduced by "Inflows from noncontrolling
interests for major projects", each from the Consolidated Statement of Cash Flows, and excludes advances and collections not
related to capital expenditures or equity investments, for example, supply and marketing related advances and associated
collections. This measure is useful for investors to understand the current period cash impact of investments in the business.
(millions of dollars) | Three Months Ended March 31, | |
2026 | 2025 | |
Additions to property, plant and equipment | 6,470 | 5,898 |
Additional investments and advances | 387 | 153 |
Other investing activities including collection of advances | (632) | (93) |
Inflows from noncontrolling interests for major projects | — | (22) |
Less: Advances and collections not related to capital expenditures or equity investments | (38) | — |
Total Cash Capex (Non-GAAP) | 6,187 | 5,936 |
Upstream | 4,812 | 4,993 |
Energy Products | 998 | 378 |
Chemical Products | 182 | 291 |
Specialty Products | 55 | 110 |
Other | 140 | 164 |
Total Cash Capex (Non-GAAP) | 6,187 | 5,936 |
19
Structural Cost Savings (Non-GAAP)
Structural Cost Savings describes decreases in cash opex excluding energy and production taxes as a result of operational
efficiencies, workforce reductions, divestment-related reductions, and other cost-savings measures that are expected to be
sustainable compared to 2019 levels. Relative to 2019, estimated cumulative Structural Cost Savings totaled $15.6 billion,
which included an additional $0.6 billion in the first three months of 2026. The total change between periods in expenses below
will reflect both Structural Cost Savings and other changes in spend, including market factors, such as inflation and foreign
exchange impacts, as well as changes in activity levels and costs associated with new operations, mergers and acquisitions, new
business venture development, and early-stage projects. Structural Cost Savings from new operations, mergers and acquisitions,
and new business venture developments are included in the cumulative Structural Cost Savings. Estimates of cumulative annual
structural savings may be revised depending on whether cost reductions realized in prior periods are determined to be
sustainable compared to 2019 levels. Structural Cost Savings are stewarded internally to support management's oversight of
spending over time. This measure is useful for investors to understand the Corporation's efforts to optimize spending through
disciplined expense management.
Dollars in billions (unless otherwise noted) | Twelve Months Ended December 31, | Three Months Ended March 31, | |||
2019 | 2025 | 2025 | 2026 | ||
Components of Operating Costs | |||||
From ExxonMobil’s Consolidated Statement of Income (U.S. GAAP) | |||||
Production and manufacturing expenses | 36.8 | 42.4 | 10.1 | 10.7 | |
Selling, general and administrative expenses | 11.4 | 11.1 | 2.5 | 2.7 | |
Depreciation and depletion (includes impairments) | 19.0 | 26.0 | 5.7 | 6.8 | |
Exploration expenses, including dry holes | 1.3 | 1.0 | 0.1 | 0.1 | |
Non-service pension and postretirement benefit expense | 1.2 | 0.4 | 0.1 | 0.1 | |
Subtotal | 69.7 | 81.0 | 18.5 | 20.3 | |
ExxonMobil’s share of equity company expenses (Non-GAAP) | 9.1 | 10.6 | 2.6 | 2.3 | |
Total Adjusted Operating Costs (Non-GAAP) | 78.8 | 91.6 | 21.1 | 22.6 | |
Total Adjusted Operating Costs (Non-GAAP) | 78.8 | 91.6 | 21.1 | 22.6 | |
Less: | |||||
Depreciation and depletion (includes impairments) | 19.0 | 26.0 | 5.7 | 6.8 | |
Non-service pension and postretirement benefit expense | 1.2 | 0.4 | 0.1 | 0.1 | |
Other adjustments (includes equity company depreciation and depletion) | 3.6 | 6.2 | 1.3 | 1.3 | |
Total Cash Operating Expenses (Cash Opex) (Non-GAAP) | 55.0 | 59.0 | 14.1 | 14.5 | |
Energy and production taxes (Non-GAAP) | 11.0 | 14.9 | 3.9 | 3.7 | |
Total Cash Operating Expenses (Cash Opex) excluding Energy and Production Taxes (Non-GAAP) | 44.0 | 44.1 | 10.2 | 10.8 | |
Change vs 2019 | Change vs 2025 | Estimated Cumulative vs 2019 | |||
Total Cash Operating Expenses (Cash Opex) excluding Energy and Production Taxes (Non-GAAP) | 0.1 | 0.6 | |||
Market | +4.9 | +0.5 | |||
Activity / Other | +10.3 | +0.6 | |||
Structural Cost Savings | -15.1 | -0.6 | -15.6 | ||
20
REVIEW OF FIRST QUARTER 2026 RESULTS
ExxonMobil’s first quarter 2026 earnings were $4.2 billion, compared to $7.7 billion a year earlier. The decrease in earnings
was mainly driven by unfavorable mark-to-market effects, higher expenses related to depreciation and Middle East volume
impacts; partly offset by higher prices and margins, increased volumes from advantaged Upstream investments in Guyana and
the Permian and structural cost savings. Cash capital expenditures were $6.2 billion, up $0.3 billion from first quarter 2025.
UPSTREAM
Upstream Financial Results | Three Months Ended March 31, | |
(millions of dollars) | 2026 | 2025 |
Earnings (loss) (U.S. GAAP) | ||
United States | 1,574 | 1,870 |
Non-U.S. | 4,163 | 4,886 |
Total | 5,737 | 6,756 |
Upstream First Quarter Earnings Driver Analysis (millions of dollars) | ||||
Price – Decreased earnings by $280 million, on lower gas realizations, partially offset by higher crude realizations.
Advantaged Volume Growth – Increased earnings by $610 million, mainly driven by record Guyana production, partially offset
by Middle East disruption impacts.
Base Volume – Decreased earnings by $380 million, from divestments and Kazakhstan downtime.
Structural Cost Savings – Increased earnings by $170 million.
Expenses – Decreased earnings by $650 million due to higher depreciation.
Other – Increased earnings by $200 million, primarily driven by one-time tax items.
Estimated Timing Effects – Decreased earnings by $690 million, mainly from unfavorable derivatives mark-to-market impacts
to be reversed over time.
21
Upstream Operational Results | Three Months Ended March 31, | |
2026 | 2025 | |
Net production of crude oil, natural gas liquids, bitumen and synthetic oil (thousands of barrels daily) | ||
United States | 1,586 | 1,418 |
Canada/Other Americas | 936 | 760 |
Europe | 3 | 4 |
Africa | 138 | 137 |
Asia | 611 | 796 |
Australia/Oceania | 23 | 24 |
Worldwide | 3,297 | 3,139 |
Net natural gas production available for sale (millions of cubic feet daily) | ||
United States | 3,589 | 3,266 |
Canada/Other Americas | 28 | 42 |
Europe | 313 | 331 |
Africa | 114 | 118 |
Asia | 2,500 | 3,457 |
Australia/Oceania | 1,236 | 1,256 |
Worldwide | 7,779 | 8,470 |
Oil-equivalent production (1) | 4,594 | 4,551 |
(thousands of oil-equivalent barrels daily) | ||
(1) Natural gas is converted to an oil-equivalent basis at six million cubic feet per one thousand barrels. | ||
Upstream Additional Information (thousands of barrels daily) | Three Months Ended March 31, |
Volumes reconciliation (Oil-equivalent production) (1) | |
2025 | 4,551 |
Entitlements - Net Interest | (27) |
Entitlements - Price / Spend / Other | (7) |
Government Mandates | (4) |
Divestments | (71) |
Growth / Other | 152 |
2026 | 4,594 |
(1) Natural gas is converted to an oil-equivalent basis at six million cubic feet per one thousand barrels. | |
1Q 2026 versus 1Q 2025 | 1Q 2026 production of 4.6 million oil-equivalent barrels per day increased 43 thousand oil- equivalent barrels per day from 1Q 2025, driven by Permian and Guyana growth, partially offset by Middle East disruptions and Kazakhstan downtime. | |||
Listed below are descriptions of ExxonMobil’s volumes reconciliation drivers which are provided to facilitate understanding of
the terms.
Entitlements - Net Interest are changes to ExxonMobil’s share of production volumes caused by non-operational changes to
volume-determining drivers. These drivers consist of net interest changes specified in Production Sharing Contracts (PSCs),
which typically occur when cumulative investment returns or production volumes achieve defined thresholds, changes in equity
upon achieving pay-out in partner investment carry situations, equity redeterminations as specified in venture agreements, or as
a result of the termination or expiry of a concession. Once a net interest change has occurred, it typically will not be reversed by
subsequent events, such as lower crude oil prices.
Entitlements - Price / Spend / Other are changes to ExxonMobil’s share of production volumes resulting from temporary
changes to non-operational volume-determining drivers. These drivers include changes in oil and gas prices or spending levels
from one period to another. According to the terms of contractual arrangements or government royalty regimes, price or
spending variability can increase or decrease royalty burdens and/or volumes attributable to ExxonMobil. For example, at
22
higher prices, fewer barrels are required for ExxonMobil to recover its costs. These effects generally vary from period to period
with field spending patterns or market prices for oil and natural gas. Such drivers can also include other temporary changes in
net interest as dictated by specific provisions in production agreements.
Government Mandates are changes to ExxonMobil's sustainable production levels as a result of production limits or sanctions
imposed by governments.
Divestments are reductions in ExxonMobil’s production arising from commercial arrangements to fully or partially reduce
equity in a field or asset in exchange for financial or other economic consideration.
Growth and Other comprise all other operational and non-operational drivers not covered by the above definitions that may
affect volumes attributable to ExxonMobil. Such drivers include, but are not limited to, production enhancements from project
and work program activities, acquisitions including additions from asset exchanges, downtime, market demand, natural field
decline, and any fiscal or commercial terms that do not affect entitlements.
ENERGY PRODUCTS
Energy Products Financial Results | Three Months Ended March 31, | |
(millions of dollars) | 2026 | 2025 |
Earnings (loss) (U.S. GAAP) | ||
United States | 661 | 297 |
Non-U.S. | (1,923) | 530 |
Total | (1,262) | 827 |
Energy Products First Quarter Earnings Driver Analysis (millions of dollars) | ||||
Margin – Increased earnings by $2,420 million, including strong results from trading and optimization.
Advantaged Volume Growth – Increased earnings by $150 million.
Base Volume – Decreased earnings by $260 million, mainly driven by Middle East supply disruptions.
Structural Cost Savings – Increased earnings by $160 million.
Expenses – Decreased earnings by $250 million, driven by scheduled maintenance and growth projects.
Other – Decreased earnings by $270 million, driven by unfavorable foreign exchange rate effects.
Estimated Timing Effects – Decreased earnings by $3,330 million, on unfavorable derivative mark-to-market impacts.
Identified Items – 1Q26 $(706) million loss due to supply disruptions in the Middle East preventing physical shipments
associated with hedges.
23
Energy Products Operational Results | Three Months Ended March 31, | |
(thousands of barrels daily) | 2026 | 2025 |
Refinery throughput | ||
United States | 1,795 | 1,789 |
Canada | 384 | 397 |
Europe | 733 | 986 |
Asia Pacific | 386 | 447 |
Other | 195 | 191 |
Worldwide | 3,494 | 3,810 |
Energy Products sales (1) | ||
United States | 3,214 | 2,728 |
Non-U.S. | 2,416 | 2,555 |
Worldwide | 5,630 | 5,283 |
Gasoline, naphthas | 2,214 | 2,162 |
Heating oils, kerosene, diesel | 1,672 | 1,724 |
Aviation fuels | 399 | 366 |
Heavy fuels | 187 | 158 |
Other energy products | 1,158 | 873 |
Worldwide | 5,630 | 5,283 |
(1) Data reported net of purchases/sales contracts with the same counterparty. | ||
24
CHEMICAL PRODUCTS
Chemical Products Financial Results | Three Months Ended March 31, | |
(millions of dollars) | 2026 | 2025 |
Earnings (loss) (U.S. GAAP) | ||
United States | 319 | 255 |
Non-U.S. | (209) | 18 |
Total | 110 | 273 |
Chemical Products First Quarter Earnings Driver Analysis (millions of dollars) | ||||
Margin – Compressed margins decreased earnings by $340 million on lower realizations and increased feed costs.
Advantaged Volume Growth – Increased earnings by $50 million.
Base Volume – Increased earnings by $90 million.
Structural Cost Savings – Increased earnings by $70 million.
Expenses – Decreased earnings by $40 million.
Other – Increased earnings by $10 million.
Chemical Products Operational Results | Three Months Ended March 31, | |
(thousands of metric tons) | 2026 | 2025 |
Chemical Products sales (1) | ||
United States | 1,904 | 1,706 |
Non-U.S. | 3,455 | 3,070 |
Worldwide | 5,358 | 4,776 |
(1) Data reported net of purchases/sales contracts with the same counterparty. | ||
25
SPECIALTY PRODUCTS
Specialty Products Financial Results | Three Months Ended March 31, | |
(millions of dollars) | 2026 | 2025 |
Earnings (loss) (U.S. GAAP) | ||
United States | 274 | 322 |
Non-U.S. | 377 | 333 |
Total | 651 | 655 |
Specialty Products First Quarter Earnings Driver Analysis (millions of dollars) | ||||
Margin – Compressed margins decreased earnings by $110 million on increased feed costs.
Advantaged Volume – Increased earnings by $40 million.
Base Volume – Decreased earnings by $10 million.
Structural Cost Savings – Increased earnings by $40 million.
Expenses – Increased earnings by $10 million.
Other – Increased earnings by $30 million.
Specialty Products Operational Results | Three Months Ended March 31, | |
(thousands of metric tons) | 2026 | 2025 |
Specialty Products sales (1) | ||
United States | 536 | 473 |
Non-U.S. | 1,439 | 1,463 |
Worldwide | 1,976 | 1,936 |
(1) Data reported net of purchases/sales contracts with the same counterparty. | ||
CORPORATE AND FINANCING
Corporate and Financing Financial Results | Three Months Ended March 31, | |
(millions of dollars) | 2026 | 2025 |
Earnings (loss) (U.S. GAAP) | (1,053) | (798) |
Corporate and Financing expenses were $1,053 million for the first quarter of 2026, $255 million higher than the first quarter of
2025, due to lower interest income and the absence of favorable tax items.
(1) Net debt is total debt of $47.7 billion less $8.4 billion of cash and cash equivalents excluding restricted cash . Net debt to capital ratio is net debt divided by
net debt plus total equity of $261.0 billion. Total debt is the sum of notes and loans payable and long-term debt, as reported in the Consolidated Balance Sheet.
26
LIQUIDITY AND CAPITAL RESOURCES
(millions of dollars) | Three Months Ended March 31, | |
2026 | 2025 | |
Net cash provided by/(used in) | ||
Operating activities | 8,705 | 12,953 |
Investing activities | (6,006) | (4,135) |
Financing activities | (4,900) | (13,579) |
Effect of exchange rate changes | (45) | 86 |
Increase/(decrease) in cash and cash equivalents | (2,246) | (4,675) |
Cash and cash equivalents (at end of period) | 8,435 | 18,512 |
Cash flow from operations and asset sales | ||
Net cash provided by operating activities (U.S. GAAP) | 8,705 | 12,953 |
Proceeds associated with sales of subsidiaries, property, plant & equipment, and sales and returns of investments | 219 | 1,823 |
Cash flow from operations and asset sales (Non-GAAP) | 8,924 | 14,776 |
Because of the ongoing nature of our asset management and divestment program, we believe it is useful for investors to consider proceeds associated with asset sales together with cash provided by operating activities when evaluating cash available for investment in the business and financing activities, including shareholder distributions. | ||
Cash flow from operations and asset sales in the first quarter of 2026 was $8.9 billion, a decrease of $5.9 billion from the
comparable 2025 period.
Cash provided by operating activities totaled $8.7 billion for the first three months of 2026, $4.2 billion lower than 2025. Net
income including noncontrolling interests was $4.5 billion, a decrease of $3.6 billion from the prior year period. The adjustment
for the noncash provision of $6.8 billion for depreciation and depletion was up $1.1 billion from 2025. Changes in operational
working capital were a reduction of $1.8 billion during the period. All other items net decreased cash flows by $0.8 billion in
2026 versus an increase of $0.1 billion in 2025. See the Condensed Consolidated Statement of Cash Flows for additional
details.
Investing activities for the first three months of 2026 used net cash of $6.0 billion, an increase of $1.9 billion compared to the
prior year. Spending for additions to property, plant and equipment of $6.5 billion was $0.6 billion higher than 2025. Proceeds
from asset sales were $0.2 billion, a decrease of $1.6 billion compared to the prior year. Net investments and advances
decreased $0.3 billion from $0.1 billion in 2025.
Net cash used in financing activities was $4.9 billion in the first three months of 2026, including $4.9 billion for the purchase of
33.6 million shares of ExxonMobil stock, as part of the previously announced buyback program. This compares to net cash
used in financing activities of $13.6 billion in the prior year. Total debt at the end of the first quarter of 2026 was $47.7 billion
compared to $43.5 billion at year-end 2025. The Corporation's debt to total capital ratio was 15.4 percent at the end of the first
quarter of 2026 compared to 14.0 percent at year-end 2025. The net debt to capital ratio (1) was 13.1 percent at the end of the
first quarter, an increase of 2.1 percentage points from year-end 2025. The Corporation's capital allocation priorities are
investing in competitively advantaged, high-return projects, maintaining a strong balance sheet, and sharing our success with
our shareholders through more consistent share repurchases and a growing dividend. The Corporation distributed a total of $4.3
billion to shareholders in the first three months of 2026 through dividends.
The Corporation has access to significant capacity of long-term and short-term liquidity. Internally generated funds are
expected to cover the majority of financial requirements, supplemented by long-term and short-term debt. Commercial paper is
used to balance short-term liquidity requirements and is reflected in "Notes and loans payable" on the Consolidated Balance
Sheet, with changes in outstanding commercial paper between periods included in the Consolidated Statement of Cash Flows.
The Corporation had undrawn short-term committed lines of credit of $7.3 billion and undrawn long-term committed lines of
credit of $0.3 billion as of the end of first quarter 2026.
The Corporation’s financial strength enables it to make large, long-term capital expenditures. Cash capex in the first quarter of
2026 was $6.2 billion, up $0.3 billion from the first quarter of 2025. The Corporation plans to invest in the range of $27 billion
to $29 billion in 2026. Actual spending could vary depending on the progress of individual projects.
27
The Corporation, as part of its ongoing asset management program, continues to evaluate its mix of assets for potential upgrade.
Because of the ongoing nature of this program, dispositions will continue to be made from time to time which will result in
either gains or losses. Additionally, the Corporation continues to evaluate opportunities to enhance its business portfolio
through acquisitions of assets or companies, and enters into such transactions from time to time. Key criteria for evaluating
acquisitions include strategic fit, cost synergies, potential for future growth, low cost of supply, and attractive valuations.
Acquisitions may be made with cash, shares of the Corporation’s common stock, or both.
Litigation and other contingencies are discussed in Note 7 to the unaudited Condensed Consolidated Financial Statements.
TAXES
(millions of dollars) | Three Months Ended March 31, | |
2026 | 2025 | |
Income taxes | 2,495 | 3,567 |
Effective income tax rate | 40% | 34% |
Total other taxes and duties (1) | 6,775 | 7,066 |
Total | 9,270 | 10,633 |
(1) Includes “Other taxes and duties” plus taxes that are included in “Production and manufacturing expenses” and “Selling, general and administrative expenses”, each from the Consolidated Statement of Income. | ||
Total taxes were $9.3 billion for the first quarter of 2026, a decrease of $1.4 billion from 2025. Income tax expense was $2.5
billion compared to $3.6 billion in the prior year. The effective income tax rate, which is calculated based on consolidated
company income taxes and ExxonMobil's share of equity company income taxes, was 40 percent, 6 percent higher than the
prior year period driven by portfolio mix effects impacted by derivative mark-to-market losses. Total other taxes and duties
decreased by $0.3 billion to $6.8 billion.
ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK
Information about market risks for the three months ended March 31, 2026, does not differ materially from that discussed under
Item 7A of the registrant's Annual Report on Form 10-K for 2025.
ITEM 4. CONTROLS AND PROCEDURES
As indicated in the certifications in Exhibit 31 of this report, the Corporation’s Chief Executive Officer, Chief Financial Officer,
and Principal Accounting Officer have evaluated the Corporation’s disclosure controls and procedures as of March 31, 2026.
Based on that evaluation, these officers have concluded that the Corporation’s disclosure controls and procedures are effective
in ensuring that information required to be disclosed by the Corporation in the reports that it files or submits under the
Securities Exchange Act of 1934, as amended, is accumulated and communicated to them in a manner that allows for timely
decisions regarding required disclosures and are effective in ensuring that such information is recorded, processed, summarized,
and reported within the time periods specified in the Securities and Exchange Commission’s rules and forms. There were no
changes during the Corporation’s last fiscal quarter that materially affected, or are reasonably likely to materially affect, the
Corporation’s internal control over financial reporting.
28
PART II. OTHER INFORMATION
ITEM 1. LEGAL PROCEEDINGS
ExxonMobil has elected to use a $1 million threshold for disclosing environmental proceedings.
Refer to the relevant portions of Note 7 of this Quarterly Report on Form 10-Q for further information on legal proceedings.
ITEM 2. UNREGISTERED SALES OF EQUITY SECURITIES AND USE OF PROCEEDS
Issuer Purchases of Equity Securities for Quarter Ended March 31, 2026 | ||||
Total Number of Shares Purchased (1) | Average Price Paid per Share (2) | Total Number of Shares Purchased as Part of Publicly Announced Plans or Programs (3) | Approximate Dollar Value of Shares that May Yet Be Purchased Under the Program (Billions of dollars) (4) | |
January 2026 | 12,345,353 | $129.43 | 12,312,718 | $18.4 |
February 2026 | 10,206,464 | $148.60 | 10,189,486 | $16.9 |
March 2026 | 11,101,977 | $157.95 | 11,099,689 | $15.1 |
Total | 33,653,794 | $144.65 | 33,601,893 | |
(1) Includes shares withheld from participants in the Corporation's incentive program for personal income taxes. | ||||
(2) Excludes 1% U.S. excise tax on stock repurchases. | ||||
(3) Purchases were made under terms intended to qualify for exemption under Rules 10b-18 and 10b5-1. | ||||
(4) The Corporation continued its share repurchase program, originally initiated in 2022. In its 2025 Corporate Plan Update released December 9, 2025, the Corporation stated that it expects share repurchases of $20 billion in 2026, assuming reasonable market conditions. | ||||
During the first quarter, the Corporation did not issue or sell any unregistered equity securities.
ITEM 5. OTHER INFORMATION
During the three months ended March 31, 2026, none of the Corporation’s directors or officers adopted or terminated
10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation
S-K.
ITEM 6. EXHIBITS
Exhibit | Description |
ExxonMobil Supplemental Pension Plan.* | |
ExxonMobil Additional Payments Plan.* | |
31.1 ** | Certification (pursuant to Securities Exchange Act Rule 13a-14(a)) by Chief Executive Officer. |
Certification (pursuant to Securities Exchange Act Rule 13a-14(a)) by Chief Financial Officer. | |
Certification (pursuant to Securities Exchange Act Rule 13a-14(a)) by Principal Accounting Officer. | |
32.1 *** | Section 1350 Certification (pursuant to Sarbanes-Oxley Section 906) by Chief Executive Officer. |
Section 1350 Certification (pursuant to Sarbanes-Oxley Section 906) by Chief Financial Officer. | |
Section 1350 Certification (pursuant to Sarbanes-Oxley Section 906) by Principal Accounting Officer. | |
101 ** | Interactive Data Files (formatted as Inline XBRL). |
104 ** | Cover Page Interactive Data File (formatted as Inline XBRL and contained in Exhibit 101). |
* Management contract or compensatory plan or arrangement. | |
** Filed herewith. | |
*** Furnished herewith. | |
29
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the Registrant has duly caused this report to be signed on
its behalf by the undersigned, thereunto duly authorized.
EXXON MOBIL CORPORATION | ||
Date: May 4, 2026 | By: | /s/ LEN M. FOX |
Len M. Fox | ||
Vice President, Controller and Tax (Principal Accounting Officer) | ||
1
EXHIBIT 10(iii)(c.2)
EXXONMOBIL SUPPLEMENTAL PENSION PLAN
1. Purpose
The purpose of this Plan is to provide payments of equivalent value from the general assets of Exxon
Mobil Corporation (“Corporation”) to those participants in the ExxonMobil Pension Plan (“Pension
Plan”) who, because of the application of United States Internal Revenue Code (“Code”) sections 415
and 401(a)(17), are precluded from receiving from Pension Plan funded assets all the payments to
which they would otherwise be entitled under the Pension Plan's formula.
2. Benefits
2.1 Eligibility
A person is eligible to receive benefits under this Plan only if any one of the following
requirements is met with respect to the person:
(A) The person becomes a retiree pursuant to section 4.1(A) (relating to age, service and
LTD-eligibility requirements) or section 4.1(D) (relating to retiree grow-ins in connection with certain
divestments) of the ExxonMobil Common Provisions, or a qualified plans retiree within the meaning of
the ExxonMobil Pension Plan (“Retiree”);
(B) the person’s employment is terminated in connection with a sale of the assets to a buyer
or the outsourcing of a business operation to an outsourcing company, and the person continues in
employment until the closing date of the sale of assets or outsourcing;
(C) the person receives a severance benefit from the ExxonMobil Special Program of
Severance Allowances, or similar severance program sponsored by the Corporation or an affiliate;
(D) The Plan Administrator determines, in its sole and absolute discretion, that the person is
eligible to receive benefits under this Plan. In this regard, the Plan Administrator may from time to
time adopt eligibility standards or guidelines that may guide the Plan Administrator’s eligibility
determinations, and may in its discretion, modify, suspend, supersede, or cancel such standards or
guidelines.
2.2 Benefit Formula
For any participant eligible to receive benefits under this Plan, the value of such benefits is an
amount that when added to the normal form amount that can be paid to the participant from the
Pension Plan produces a sum equal to the total normal form amount to which the participant would be
entitled computed under the Pension Plan formula applicable to that participant disregarding any
reductions, restrictions, or limitations brought about by the application of Code sections 415 and
401(a)(17). Where relevant, this computation is performed after taking into account any entitlement
the participant may have under the Overseas Contributory Annuity Plan. The resulting benefit is
expressed in the form of a monthly five-year-certain and life annuity for the life of the participant
commencing at the participant’s age 65 (“Normal Retirement Age”).
2
2.3 Offsets for Other Pension Benefits
A person’s benefit determined under section 2.2 shall be offset, but not below zero, by any
benefit payable to the person under
(A) an offsetting pension that is not qualified under the terms of the U.S. Internal Revenue
Code,
(B) a separation payment offset, or
(C) a non-U.S. governmental pension offset,
as such terms are defined under the Pension Plan. The procedure for determining the
application of the offsets under this section 2.3 shall be determined in the sole and exclusive
discretion of the Plan Administrator.
3. Payment of Benefits
3.1 Timing of Payment
Effective as of January 1, 2023, payment of a person’s benefit described in Article 2 above
shall occur as soon as practicable following whichever of the pension commencement dates specified
in paragraphs (A), (B), (C), or (D) below is applicable to the person.
(A) Retirees
Except as provided under paragraph (B) or (D) below, in the case of a Retiree, the
person’s pension commencement date is the first of the month next following the person’s last day of
employment with ExxonMobil.
(B) Disability Retirees
In the case of a person who retires from ExxonMobil on account of long-term disability
prior to the first of the month in which the person attains age 55, the person’s pension
commencement date is the first of the month in which the person attains age 55.
(C) Terminees
Except as provided under paragraph (D) below, in the case of a person who is eligible
for a benefit under Section 2.1(B), (C), or (D) above, the person’s pension commencement date is the
first of the month next following three months from the person’s last day of employment with
ExxonMobil.
(D) Key Employees
Notwithstanding paragraphs (A) or (C) above, and except as provided in paragraph (B),
in the case of a person who, at the time of his or her termination of employment, has a Classification
Level of 35 or above (“Key Employee”), the person’s pension commencement date is the first of the
month next following six months from the person’s last day of employment with ExxonMobil.
3.2 Reduction for Early Commencement
If a person’s pension commencement date under section 3.1 above is prior to the month in
which the person reaches Normal Retirement Age, the person’s benefit described in Article 2 above is
reduced by applying the early commencement factors specified under the Pension Plan for a benefit
commencing at the person’s then age.
3
3.3 Form of Payment
Payment of the benefit described in Article 2 above shall be made in a lump sum that is the
actuarial equivalent of the five-year-certain and life annuity measured as of the person’s pension
commencement date specified in Section 3.1 above. For this purpose, actuarial equivalence shall be
determined by the Plan Administrator using the factors and procedures that are used for the
calculation of the lump-sum payment option under the Pension Plan.
3.4 Adjustment for Key Employees
A Key Employee's benefit payable hereunder shall not be less than the amount equal to the
person’s benefit calculated as of the pension commencement date that would apply if the person
were not a Key Employee plus interest from such date until the person’s actual pension
commencement date. For this purpose, interest shall be credited at a rate equal to the Citibank prime
lending rate in effect on the date the person separates from employment, or, if the person’s last day of
employment is on or after November 1, 2022, at the interest rate determined under section
4.4(D)(3)(b)(iii) of Part 1 of the ExxonMobil Pension Plan on the first of the month immediately
following the person’s last day of employment, but taking into account only the first segment rate for
this purpose.
4. Death Benefit
4.1 Benefits Payable On Account of Death
(A) In General
In the event a portion of a pension death benefit or a “career annuity subject to deferred
commencement that commences by reason of death” that becomes payable under the terms of the
Pension Plan on account of the death of a participant cannot be paid from the Pension Plan because
of the application of Code sections 415 and 401(a)(17), a lump-sum death benefit of equivalent value
shall be paid to the participant’s beneficiary (as determined under section 4.2 below) under this Plan.
For this purpose, equivalent value shall be determined by the Plan Administrator using the factors and
procedures that are used for the calculation of similar benefits under the Pension Plan.
(B) Death Benefit Payable During Post-termination Deferral Period
If a participant who is a Key Employee is entitled to a benefit under Article 2 above on
account of his or her retirement, but dies during the six-month period following the person’s
retirement, then the person’s benefit to which he or she would otherwise be entitled shall be
immediately payable as a lump-sum death benefit of equivalent value to the participant’s beneficiary
(determined under section 4.2 below). For this purpose, equivalent value shall be determined by the
Plan Administrator using the factors and procedures that are used for the calculation of similar
benefits under the Pension Plan.
(C) Excluded Benefits
Neither the Qualified Joint and Survivor Annuity payment option, nor the Surviving
Spouse Annuity benefit, as such are provided for under the Pension Plan, are provided as benefits
under this Plan.
4
4.2 Designation of Beneficiaries
(A) In General
A person may name one or more designated beneficiaries to receive the benefits
payable under this Plan under section 4.1 above in the event of the person's death. Beneficiary
designations shall be made in accordance with such procedures as the Plan Administrator may
establish. Spousal consent to any designation is not required.
(B) Default Beneficiaries
(1) In General
If no specific designation is in effect, the deceased’s beneficiary is the person or
persons in the first of the following classes of successive beneficiaries living at the time of death of
the deceased:
(a) spouse;
(b) children who survive the participant or who die before the participant leaving
children of their own who survive the participant;
(c) parents;
(d) brothers and sisters who survive the participant or who die before the
participant leaving children of their own who survive the participant.
If there are no members of any class of such beneficiaries, payment is made to
the deceased's executors or administrators.
(2) Allocation among Default Beneficiaries
If the same class of beneficiaries under paragraph (1) above contains two or
more persons, they share equally, with further subdivision of such equal shares as next provided. In
class (b), where a child dies before the participant leaving children who survive the participant, such
child's share is subdivided equally among those children. In class (d), where a brother or sister dies
before the participant leaving children who survive the participant, such brother or sister's share is
subdivided equally among those children.
(3) Definitions
For purposes of this section 4.2, "child" means a person's son or daughter by
legitimate blood relationship or legal adoption; "parent" means a person's father or mother by
legitimate blood relationship or legal adoption; "brother" or "sister" means another child of either or
both of one's parents.
5. Miscellaneous
5.1 Administration of Plan
The Plan Administrator shall be the Manager, Compensation, Benefit Plans and Policies,
Human Resources Department, Exxon Mobil Corporation. The Plan Administrator shall have the right
and authority to conclusively interpret this Plan for all purposes, including the determination of any
person’s eligibility for benefits hereunder and the resolution of any and all appeals relating to claims
by participants or beneficiaries, with any such interpretation being conclusive for all participants and
beneficiaries.
5
5.2 Nature of Payments
Payments provided under this Plan are considered general obligations of the Corporation.
5.3 Assignment or Alienation
Except as provided in section 5.5 below, payments provided under this Plan may not be
assigned or otherwise alienated or pledged.
5.4 Amendment or Termination
The Corporation reserves the right to amend or terminate this Plan, in whole or in part,
including the right at any time to reduce or eliminate any accrued benefits hereunder and to alter or
amend the benefit formula set out herein.
5.5 Forfeiture of Benefits
No person shall be entitled to receive payments under this Plan and any payments received
under this Plan shall be forfeited and returned if it is determined by the Corporation in its sole
discretion, acting through its chief executive or such person or committee as the chief executive may
designate, that a person otherwise entitled to a payment under this Plan or who has commenced
receiving payments under this Plan:
(A) engaged in gross misconduct harmful to the Corporation,
(B) committed a criminal violation harmful to the Corporation,
(C) had concealed actions described in paragraph (A) or (B) above which would have
brought about termination from employment thereby making the person ineligible for benefits under
this Plan,
(D) separated from service prior to attaining Normal Retirement Age without having
received from the Corporation or its delegatee prior written approval for such termination, given in the
sole discretion of the Corporation or its delegatee and in the context of recognition that benefits under
this Plan would not be forfeited upon such termination, or
(E) had been terminated for cause.
1
EXHIBIT 10(iii)(c.3)
EXXONMOBIL ADDITIONAL PAYMENTS PLAN
1. Purpose
The purpose of this Plan is to provide additional payments from the general assets of
Exxon Mobil Corporation (the "Corporation") to certain persons. The benefits payable
under this Plan consist of two types of pension benefits and a disability benefit. The first
pension benefit is a benefit based upon the person's final average incentive
compensation ("Incentive Pension Benefit"). The second pension benefit restores
certain benefits that are accrued under a pension plan sponsored by a non-U.S. affiliate
of the Corporation but which are not paid ("Overseas Makeup Benefit"). The disability
benefit is based on incentive compensation and is paid in the event of a long-term
disability ("Disability Benefit").
2. Incentive Pension Benefits
2.1 Eligibility
A person is eligible to receive Incentive Pension Benefits only if any one of the
following requirements is met with respect to the person:
(A) the person becomes a retiree within the meaning of the ExxonMobil
Common Provisions ("Retiree");
(B) the person’s employment is terminated in connection with a sale of the
assets to a buyer or the outsourcing of a business operation to an outsourcing company,
and the person continues in employment until the closing date of the sale of assets or
outsourcing;
(C) the person receives a severance benefit from the ExxonMobil Special
Program of Severance Allowances, or similar severance program sponsored by the
Corporation or an affiliate;
(D) the Plan Administrator determines, in its sole and absolute discretion, that
the person is eligible to receive Incentive Pension Benefits. In this regard, the Plan
Administrator may from time to time adopt eligibility standards or guidelines that may
guide the Plan Administrator’s eligibility determinations, and may in its discretion,
modify, suspend, supersede, or cancel such standards or guidelines.
2.2 Benefit Formula
(A) In General
The amount of a person's Incentive Pension Benefit is determined by
multiplying 1.6% of the person's final average incentive compensation by the person's
2
years of pensionable service, and dividing the amount so derived by twelve. The result
is expressed in the form of a monthly five-year certain and life annuity for the life of the
person commencing at the person's age 65 ("Normal Retirement Age").
(B) Pensionable Service
For purposes of paragraph (A) above, a person’s “pensionable service”
shall be determined as follows:
(1) Except as provided in paragraph (2) below, it shall be the amount
of pension service credited for the person under the ExxonMobil Pension Plan.
(2) In the event a person
(a) transfers directly to Exxon Mobil Corporation or one of its U.S.
affiliates in connection with an employment localization,
(b) upon localization is not credited with pension service under
the ExxonMobil Pension Plan for the person’s service with the most recent service-
oriented employer, and
(c) immediately prior to localization was a participant in the
Canadian Supplemental Pension Arrangement (SPA) Bonus (“Imperial Plan”),
the person’s pensionable service shall be the sum of the service
credited under the Imperial Plan at the time of the person’s localization plus the pension
service credited thereafter to the person under the ExxonMobil Pension Plan.
(C) Final Average Incentive Compensation
For the purposes of paragraph (A) above, a person's "final average
incentive compensation" shall be determined in accordance with this paragraph (C).
(1) In General
A person's final average incentive compensation is the average of
the person's three highest annual bonus awards (including awards of zero, if any) under
the Corporation's Incentive Programs awarded on any of the five most recent annual
award dates immediately preceding the person's termination of employment.
(2) Corporate Acquisitions
If a person commences employment with the Corporation or one of
its affiliates in connection with a corporate acquisition, incentive compensation paid by
the person's former employer that is the equivalent of bonus awards payable under the
Corporation's Incentive Program may, in the sole discretion of the management of the
Corporation, be taken into account for purposes of determining the person’s final
average incentive compensation under this Paragraph (C).
(3) Annual Bonus Award
(a) Items Used in Calculation
For purposes of this paragraph (C), in determining the
amount of a person's annual bonus award, only awards granted under the short-term
incentive part of the Incentive Programs as cash and bonus units are considered.
3
(b) Item Excluded From Calculation
For purposes of this paragraph (C), in determining the
amount of a person's annual bonus award, an award to a person characterized by the
granting authority as a special one-time bonus is disregarded, unless deemed
specifically includable by the granting authority at the time of grant.
(c) Calculation of Annual Bonus Award
If an annual bonus award is granted as bonus units, the
maximum settlement value obtainable at the time of the grant shall be used in
calculating the value of the award.
2.3 Offset for Similar Benefits
If a participant under this Plan is also entitled to payments comparable to the
Incentive Pension Benefit for any portion of the same years of pensionable service
under a plan of a service-oriented employer, as defined in the ExxonMobil Common
Provisions, other than the Corporation, the amount of the Incentive Pension Benefit
shall be reduced by the respective amount of such comparable payments. In any given
case, the Plan Administrator may determine the precise amount of this offset and if a
conversion of currency computation is required, may follow the process established
under the ExxonMobil Pension Plan.
2.4 Lapse of Incentive Pension Benefit
The portion of any Incentive Pension Benefit deriving from a provisionally granted
bonus that is subsequently annulled lapses as of the date of such annulment.
3. Overseas Makeup Benefit
3.1 Eligibility
A person is eligible to receive an Overseas Makeup Benefit if the following
conditions are met as determined by the Plan Administrator:
(A) the person accrues a benefit under a pension plan ("non-U.S. plan")
sponsored by a non-U.S. affiliate of the Corporation;
(B) the person terminates active participation in the non-U.S. plan and
simultaneously becomes a participant in the ExxonMobil Pension Plan or predecessor
plan;
(C) as a result of terminating active participant status under the non-U.S. plan,
the person loses eligibility for all or a portion of the benefit under the non- U.S. plan
accrued prior to termination; and
(D) the amount of the lost benefit is not provided under the terms of the
ExxonMobil Pension Plan, the ExxonMobil Supplemental Pension Plan, or otherwise
under this Plan.
4
3.2 Benefit Formula
The amount of the Overseas Makeup Benefit is the amount, expressed as a
monthly benefit in the form of a five-year certain and life annuity that is the actuarial
equivalent of the lost benefit under the non-U.S. plan. Such amount shall be
conclusively determined by the Plan Administrator.
4. Payment of Pension Benefits
4.1 Timing of Payment
Effective as of January 1, 2023, payment of a person’s Incentive Pension Benefit
and, if applicable, Overseas Makeup Benefit shall occur as soon as practicable following
whichever of the pension commencement dates specified in paragraphs (A), (B), (C), or
(D) below is applicable to the person.
(A) Retirees
Except as provided under paragraph (B) or (D) below, in the case of a
Retiree, the person’s pension commencement date is the first of the month next
following the person’s last day of employment with ExxonMobil.
(B) Pre-55 Disability Retirees
In the case of a person who retires with eligibility for Disability Benefits
under article 6 below prior to the first of the month in which the person attains age 55,
the person’s pension commencement date is the first of the month in which the person
attains age 55.
(C) Terminees
Except as provided under paragraph (D) below, in the case of a person
who is eligible for an Incentive Pension Benefit under Section 2.1(B), (C), or (D) above,
the person’s pension commencement date is the first of the month next following three
months from the person’s last day of employment with ExxonMobil.
(D) Key Employees
Notwithstanding paragraphs (A), or (C) above, and except as provided in
paragraph (B), in the case of a person who, at the time of his or her termination of
employment, has a Classification Level of 35 or above (“Key Employee”), the person’s
pension commencement date is the first of the month next following six months from the
person’s last day of employment with ExxonMobil.
4.2 Reduction for Early Commencement
If a person’s pension commencement date under section 4.1 above occurs prior
to the month in which the person reaches Normal Retirement Age, the person’s
Incentive Pension Benefit and/or Overseas Makeup Benefit is reduced by applying the
early commencement factors specified under the ExxonMobil Pension Plan for a benefit
commencing at the person's then age.
5
4.3 Form of Payment
Payment of a person's Incentive Pension Benefit or Overseas Makeup Benefit
shall be made in a lump sum that is the actuarial equivalent of the five-year certain and
life annuity measured as of the person’s pension commencement date specified under
section 4.1 above. For this purpose, actuarial equivalence shall be determined by the
Plan Administrator using the factors and procedures that are used for the calculation of
the lump-sum payment option under the ExxonMobil Pension Plan.
4.4 Adjustment for Key Employees
A Key Employee's Incentive Pension Benefit and/or Overseas Makeup Benefit
shall not be less than the amount equal to the person’s benefit calculated as of the
pension commencement date that would apply if the person were not a Key Employee
plus interest from such date until the person’s actual pension commencement date. For
this purpose, interest shall be credited at a rate equal to the Citibank prime lending rate
in effect on the date the person separates from employment, or, if the person’s last day
of employment is on or after November 1, 2022, at the interest rate determined under
section 4.4(D)(3)(b)(iii) of Part 1 of the ExxonMobil Pension Plan on the first of the
month immediately following the person’s last day of employment, but taking into
account only the first segment rate for this purpose. .
5. Death Benefit
5.1 In General
If a person dies who, at the time of his death,
(A) is an active employee with 15 or more years of Benefit Plan Service, as
determined under the ExxonMobil Common Provisions, or
(B) had retired with eligibility for an Incentive Pension Benefit and/or a
Overseas Makeup Benefit and had not received such benefit, a lump-sum death benefit
shall be payable to the person's beneficiary (as determined under section 5.2 below).
The death benefit payable to the person's beneficiary shall be the lump-sum equivalent
value of the amount of the Pension Benefit and Overseas Makeup Benefit to which the
person was or would have been entitled. For this purpose, equivalent value shall be
determined by the Plan Administrator using the factors and procedures that are used for
the calculation of similar benefits under the ExxonMobil Pension Plan.
5.2 Designation of Beneficiaries
(A) In General
A person may name one or more designated beneficiaries to receive
payment of the death benefits payable under section 5.1 above in the event of the
person's death. Beneficiary designations shall be made in accordance with such
6
procedures as the Plan Administrator may establish. Spousal consent to any such
designation is not required.
(B) Default Beneficiaries
(1) In General
If no specific designation is in effect, the deceased's beneficiary is
the person or persons in the first of the following classes of successive beneficiaries
living at the time of death of the deceased:
(a) spouse;
(b) children who survive the deceased or who die before the
deceased leaving children of their own who survive the deceased;
(c) parents;
(d) brothers and sisters who survive the deceased or who die
before the deceased leaving children of their own who survive the deceased.
If there are no members of any class of such beneficiaries, payment
is made to the deceased's executors or administrators.
(2) Allocation Among Default Beneficiaries
If the same class of beneficiaries under paragraph (1) above
contains two or more persons, they share equally, with further subdivision of such equal
shares as next provided. In class (b), where a child dies before the deceased leaving
children who survive the deceased, such child's share is subdivided equally among
those children. In class (d), where a brother or sister dies before the deceased leaving
children who survive the deceased, such brother or sister's share is subdivided equally
among those children.
(3) Definitions
For purposes of this section 5.4, "child" means a person's son or
daughter by legitimate blood relationship or legal adoption; "parent" means a person's
father or mother by legitimate blood relationship or legal adoption; "brother" or "sister"
means another child of either or both of one's parents.
6. Disability Benefit
6.1 Nature of Disability Benefits
The benefits provided under this article 6 ("Disability Benefits") are in the nature
of long-term disability benefits, payable on account of and for the duration of a person's
incapacity on account of disability. These Disability Benefits are intended to qualify as
employee welfare benefits under ERISA and as "disability pay" under section 409A of
the Internal Revenue Code and its supporting regulations, thereby being exempt from
the scope and application of section 409A.
7
6.2 Payment of Disability Benefit
If a person who becomes a Retiree also becomes entitled to long-term disability
benefits under a disability benefit plan sponsored by ExxonMobil, the person shall
receive monthly Disability Benefits under this Plan. Such Disability Benefits shall
commence at the time the person commences long-term disability benefits under such
disability plan and shall continue as long as entitlement to long-term disability benefits
under such plan continues.
6.3 Benefit Formula
(A) In General
The amount of each monthly Disability Benefit payable to a person is
determined by dividing one-half of the person's final average incentive compensation,
determined under section 2.2(C) above, by 12 and deducting therefrom the offset
described in paragraph (B) below.
(B) Offset
Commencing with the month in which a person's Incentive Pension Benefit
is paid, the amount of the person's monthly Disability Benefit shall be reduced by the
monthly amount of the person's Incentive Pension Benefit and/or Overseas Makeup
Benefit (expressed as a five-year-certain and life annuity). In the case of a Key
Employee, the offset provided under this paragraph (B) shall be applied beginning with
the month his or her Incentive Pension Benefit would have been paid if he or she were
not a Key Employee.
6.4 Offset for Similar Benefit
If a person receiving Disability Benefits hereunder is also entitled to comparable
payments under a plan of a service-oriented employer (as defined in the ExxonMobil
Common Provisions) other than the Corporation under circumstances where the Plan
Administrator determines that such benefits are duplicative of the Disability Benefits
payable hereunder, then such Disability Benefits shall be reduced by the amount of
such comparable payment. In any given case, the Plan Administrator may determine the
precise amount of this offset and if a conversion of currency computation is required,
may follow the process established under the ExxonMobil Pension Plan.
6.5 Disability Death Benefit
(A) Death During Employment
If a person dies as an active employee with 15 or more years of Benefit
Plan Service, as determined under the ExxonMobil Common Provisions, then the
person's beneficiary (as determined under section 5.2 above) shall receive a disability
death benefit equal to the present value of 60 monthly installments of the person's
Disability Benefit, calculated as if the person had become eligible for Disability Benefit
payments on the day prior to death. For purposes of this paragraph (A), the value of the
person's Disability Benefit installments shall be determined by applying the offset under
section 6.3(B) above as if the person's Incentive Pension Benefit and/or Overseas
Makeup Benefit were payable at the time of death.
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(B) Death After Commencement of Disability Retirement Payments
If a person dies while receiving Disability Benefits under this article 6 but
before the receipt of 60 monthly installments, the person's beneficiary (as determined
under section 5.2 above) shall receive the lump-sum equivalent value of the remaining
60 monthly installments. If at the time of death the person's Incentive Pension Benefit
had not been paid, then the value of the person's remaining Disability Benefit
installments shall be determined by applying the offset under section 6.3(B) above as if
the person's Incentive Pension Benefit and/or Overseas Makeup Benefit were paid at
the time of death.
7. Miscellaneous
7.1 Plan Administrator
The Plan Administrator shall be the Manager, Compensation, Benefit Plans and
Policies, Human Resources Department, Exxon Mobil Corporation. The Plan
Administrator shall have the right and authority to conclusively interpret this Plan for all
purposes, including the determination of any person's eligibility for benefits hereunder
and the resolution of any and all appeals relating to claims by participants or
beneficiaries, with any such interpretation being conclusive for all participants and
beneficiaries.
7.2 Nature of Payments
Payments provided under this Plan are considered general obligations of the
Corporation.
7.3 Assignment or Alienation
Except as provided in section 7.5 below, payments provided under this Plan may
not be assigned or otherwise alienated or pledged.
7.4 Amendment or Termination
The Corporation reserves the right to amend or terminate this Plan, in whole or in
part, including the right at any time to reduce or eliminate any accrued benefits
hereunder and to alter or amend the benefit formula set out herein.
7.5 Forfeiture of Benefits
Any payments received under this Plan shall be forfeited and returned if the
forfeiture and repayment of such payments is required by any clawback policy adopted
by the Corporation. Additionally, no person shall be entitled to receive payments under
this Plan, and any payments received under this Plan shall be forfeited and returned, if it
is determined by the Corporation in its sole discretion, acting through its chief executive
or such person or committee as the chief executive may designate, that a person
otherwise entitled to a payment under this Plan or who has commenced receiving
payments under this Plan:
(A) engaged in gross misconduct harmful to the Corporation,
9
(B) committed a criminal violation harmful to the Corporation,
(C) had concealed actions described in (A) or (B) above which would have
brought about termination from employment thereby making the person ineligible for
benefits under this Plan,
(D) separated from service prior to attaining Normal Retirement Age without
having received from the Corporation or its delegate prior written approval for such
termination, given in the sole discretion of the Corporation or its delegatee and in the
context of recognition that benefits under this Plan would not be forfeited upon such
termination, or
(E) had been terminated for cause.
EXHIBIT 31.1
Certification by Darren W. Woods
Pursuant to Securities Exchange Act Rule 13a-14(a)
I, Darren W. Woods, certify that:
1.I have reviewed this quarterly report on Form 10-Q of Exxon Mobil Corporation;
2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material
fact necessary to make the statements made, in light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this report;
3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present
in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the
periods presented in this report;
4.The registrant’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and
procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as
defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed
under our supervision, to ensure that material information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities, particularly during the period in which this report
is being prepared;
(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be
designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and
the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;
(c)Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our
conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by
this report based on such evaluation; and
(d)Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during
the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has
materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial
reporting; and
5.The registrant's other certifying officers and I have disclosed, based on our most recent evaluation of internal control
over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or
persons performing the equivalent functions):
(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial
reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and
report financial information; and
(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the
registrant's internal control over financial reporting.
Date: May 4, 2026
/s/ DARREN W. WOODS | |
Darren W. Woods | |
Chief Executive Officer |
EXHIBIT 31.2
Certification by Neil A. Hansen
Pursuant to Securities Exchange Act Rule 13a-14(a)
I, Neil A. Hansen, certify that:
1.I have reviewed this quarterly report on Form 10-Q of Exxon Mobil Corporation;
2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material
fact necessary to make the statements made, in light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this report;
3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present
in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the
periods presented in this report;
4.The registrant’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and
procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as
defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed
under our supervision, to ensure that material information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities, particularly during the period in which this report
is being prepared;
(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be
designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and
the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;
(c)Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our
conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by
this report based on such evaluation; and
(d)Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during
the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has
materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial
reporting; and
5.The registrant's other certifying officers and I have disclosed, based on our most recent evaluation of internal control
over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or
persons performing the equivalent functions):
(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial
reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and
report financial information; and
(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the
registrant's internal control over financial reporting.
Date: May 4, 2026
/s/ NEIL A. HANSEN | |
Neil A. Hansen | |
Senior Vice President and Chief Financial Officer | |
EXHIBIT 31.3
Certification by Len M. Fox
Pursuant to Securities Exchange Act Rule 13a-14(a)
I, Len M. Fox, certify that:
1.I have reviewed this quarterly report on Form 10-Q of Exxon Mobil Corporation;
2.Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material
fact necessary to make the statements made, in light of the circumstances under which such statements were made, not
misleading with respect to the period covered by this report;
3.Based on my knowledge, the financial statements, and other financial information included in this report, fairly present
in all material respects the financial condition, results of operations and cash flows of the registrant as of, and for, the
periods presented in this report;
4.The registrant’s other certifying officers and I are responsible for establishing and maintaining disclosure controls and
procedures (as defined in Exchange Act Rules 13a-15(e) and 15d-15(e)) and internal control over financial reporting (as
defined in Exchange Act Rules 13a-15(f) and 15d-15(f)) for the registrant and have:
(a)Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed
under our supervision, to ensure that material information relating to the registrant, including its consolidated
subsidiaries, is made known to us by others within those entities, particularly during the period in which this report
is being prepared;
(b)Designed such internal control over financial reporting, or caused such internal control over financial reporting to be
designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and
the preparation of financial statements for external purposes in accordance with generally accepted accounting
principles;
(c)Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our
conclusions about the effectiveness of the disclosure controls and procedures, as of the end of the period covered by
this report based on such evaluation; and
(d)Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during
the registrant's most recent fiscal quarter (the registrant's fourth fiscal quarter in the case of an annual report) that has
materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial
reporting; and
5.The registrant's other certifying officers and I have disclosed, based on our most recent evaluation of internal control
over financial reporting, to the registrant's auditors and the audit committee of the registrant's board of directors (or
persons performing the equivalent functions):
(a)All significant deficiencies and material weaknesses in the design or operation of internal control over financial
reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize and
report financial information; and
(b)Any fraud, whether or not material, that involves management or other employees who have a significant role in the
registrant's internal control over financial reporting.
Date: May 4, 2026
/s/ LEN M. FOX | |
Len M. Fox | |
Vice President, Controller and Tax (Principal Accounting Officer) |
EXHIBIT 32.1
Certification of Periodic Financial Report
Pursuant to 18 U.S.C. Section 1350
For purposes of 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, the undersigned,
Darren W. Woods, the chief executive officer of Exxon Mobil Corporation (the “Company”), hereby certifies that, to his
knowledge:
(i)the Quarterly Report on Form 10-Q of the Company for the quarter ended March 31, 2026, as filed with the Securities and
Exchange Commission on the date hereof (the “Report”) fully complies with the requirements of section 13(a) or 15(d) of
the Securities Exchange Act of 1934; and
(ii)the information contained in the Report fairly presents, in all material respects, the financial condition and results of
operations of the Company.
Date: May 4, 2026
/s/ DARREN W. WOODS | |
Darren W. Woods | |
Chief Executive Officer |
A signed original of this written statement required by Section 906 has been provided to Exxon Mobil Corporation and will be
retained by Exxon Mobil Corporation and furnished to the Securities and Exchange Commission or its staff upon request.
EXHIBIT 32.2
Certification of Periodic Financial Report
Pursuant to 18 U.S.C. Section 1350
For purposes of 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, the undersigned,
Neil A. Hansen, the chief financial officer of Exxon Mobil Corporation (the “Company”), hereby certifies that, to his knowledge:
(i)the Quarterly Report on Form 10-Q of the Company for the quarter ended March 31, 2026, as filed with the Securities and
Exchange Commission on the date hereof (the “Report”) fully complies with the requirements of section 13(a) or 15(d) of
the Securities Exchange Act of 1934; and
(ii)the information contained in the Report fairly presents, in all material respects, the financial condition and results of
operations of the Company.
Date: May 4, 2026
/s/ NEIL A. HANSEN | |
Neil A. Hansen | |
Senior Vice President and Chief Financial Officer | |
A signed original of this written statement required by Section 906 has been provided to Exxon Mobil Corporation and will be
retained by Exxon Mobil Corporation and furnished to the Securities and Exchange Commission or its staff upon request.
EXHIBIT 32.3
Certification of Periodic Financial Report
Pursuant to 18 U.S.C. Section 1350
For purposes of 18 U.S.C. Section 1350, as adopted pursuant to Section 906 of the Sarbanes-Oxley Act of 2002, the undersigned,
Len M. Fox, the principal accounting officer of Exxon Mobil Corporation (the “Company”), hereby certifies that, to his
knowledge:
(i)the Quarterly Report on Form 10-Q of the Company for the quarter ended March 31, 2026, as filed with the Securities and
Exchange Commission on the date hereof (the “Report”) fully complies with the requirements of section 13(a) or 15(d) of
the Securities Exchange Act of 1934; and
(ii)the information contained in the Report fairly presents, in all material respects, the financial condition and results of
operations of the Company.
Date: May 4, 2026
/s/ LEN M. FOX | |
Len M. Fox | |
Vice President, Controller and Tax (Principal Accounting Officer) | |
A signed original of this written statement required by Section 906 has been provided to Exxon Mobil Corporation and will be
retained by Exxon Mobil Corporation and furnished to the Securities and Exchange Commission or its staff upon request.