v3.25.2
Disclosures about Segments and Related Information
 6 Months Ended
Jun. 30, 2025
Segment Reporting, Measurement Disclosures [Abstract]  
Disclosures about Segments and Related Information
Note 8. Disclosures about Segments and Related Information
(millions of dollars)UpstreamEnergy ProductsChemical ProductsSpecialty ProductsSegment Total
U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.
 
Three Months Ended June 30, 2025       
Revenues and other income
Sales and other operating revenue5,939 3,286 25,072 34,917 1,970 3,700 1,438 3,134 79,456 
Income from equity affiliates5 1,300 36 28 38 129 3 (10)1,529 
Intersegment revenue6,230 8,824 4,502 6,512 1,668 790 551 113 29,190 
Other income93 23 26 54 — 3 2 31 232 
Segment revenues and other income12,267 13,433 29,636 41,511 3,676 4,622 1,994 3,268 110,407 
Costs and other items
Crude oil and product purchases4,533 2,006 25,515 33,551 2,136 3,204 1,073 2,025 74,043 
Operating expenses, excl. depreciation and depletion (1)
2,716 2,480 1,940 2,272 1,096 1,194 510 556 12,764 
Depreciation and depletion (includes impairments)3,356 1,733 198 170 148 138 27 43 5,813 
Interest expense22 16 (1)1 — — — 2 40 
Other taxes and duties49 531 830 4,744 18 39 1 44 6,256 
Total costs and other deductions10,676 6,766 28,482 40,738 3,398 4,575 1,611 2,670 98,916 
Segment income (loss) before income taxes
1,591 6,667 1,154 773 278 47 383 598 11,491 
Income tax expense (benefit)379 2,332 264 159 23 3 91 106 3,357 
Segment net income (loss) incl. noncontrolling interests1,212 4,335 890 614 255 44 292 492 8,134 
Net income (loss) attributable to noncontrolling interests— 145 65 73 — 6 1 3 293 
Segment income (loss)1,212 4,190 825 541 255 38 291 489 7,841 
Reconciliation of consolidated revenues
Segment revenues and other income110,407 
Other revenues (2)
289 
Elimination of intersegment revenues(29,190)
Total consolidated revenues and other income81,506 
Reconciliation of income (loss) attributable to ExxonMobil
Total segment income (loss)7,841 
Corporate and Financing income (loss)(759)
Net income (loss) attributable to ExxonMobil7,082 
(millions of dollars)UpstreamEnergy ProductsChemical ProductsSpecialty ProductsSegment Total
U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.
Three Months Ended June 30, 2025
Additions to property, plant and equipment (3)
3,047 2,022 145 258 161 101 39 50 5,823 
As of June 30, 2025
Investments in equity companies5,107 19,846 462 983 3,008 2,598 — 793 32,797 
Total assets152,661 134,033 32,412 46,120 17,456 18,433 2,674 8,476 412,265 
Reconciliation to Corporate TotalSegment TotalCorporate and FinancingCorporate Total
Three Months Ended June 30, 2025
Additions to property, plant and equipment (3)
5,823 532 6,355 
As of June 30, 2025
Investments in equity companies32,797 (140)32,657 
Total assets412,265 35,332 447,597 
(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 $312 million.
(3) Includes non-cash additions.
Due to rounding, numbers presented may not add up precisely to the totals indicated.
(millions of dollars)UpstreamEnergy ProductsChemical ProductsSpecialty ProductsSegment Total
U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.
Three Months Ended June 30, 2024
Revenues and other income
Sales and other operating revenue6,729 3,317 26,415 43,014 2,213 3,620 1,538 3,115 89,961 
Income from equity affiliates21 1,564 37 (26)32 169 — (12)1,785 
Intersegment revenue5,545 11,043 6,537 6,395 1,950 998 634 151 33,253 
Other income736 (125)79 46 — — 4 23 763 
Segment revenues and other income13,031 15,799 33,068 49,429 4,195 4,787 2,176 3,277 125,762 
Costs and other items
Crude oil and product purchases4,319 2,538 29,354 41,584 2,182 3,195 1,103 2,307 86,582 
Operating expenses, excl. depreciation and depletion (1)
2,605 2,710 2,033 2,176 1,194 1,120 467 547 12,852 
Depreciation and depletion (includes impairments)2,792 2,039 197 178 144 110 22 34 5,516 
Interest expense46 18 2 1 — 1 — — 68 
Other taxes and duties104 687 873 4,841 2 20 — 51 6,578 
Total costs and other deductions9,866 7,992 32,459 48,780 3,522 4,446 1,592 2,939 111,596 
Segment income (loss) before income taxes3,165 7,807 609 649 673 341 584 338 14,166 
Income tax expense (benefit)735 2,954 104 92 147 76 136 31 4,275 
Segment net income (loss) incl. noncontrolling interests2,430 4,853 505 557 526 265 448 307 9,891 
Net income (loss) attributable to noncontrolling interests— 209 55 61 — 12 1 3 341 
Segment income (loss)2,430 4,644 450 496 526 253 447 304 9,550 
Reconciliation of consolidated revenues
Segment revenues and other income125,762 
Other revenues (2)
551 
Elimination of intersegment revenues(33,253)
Total consolidated revenues and other income93,060 
Reconciliation of income (loss) attributable to ExxonMobil
Total segment income (loss)9,550 
Corporate and Financing income (loss)(310)
Net income (loss) attributable to ExxonMobil9,240 
(millions of dollars)UpstreamEnergy ProductsChemical ProductsSpecialty ProductsSegment Total
U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.
Three Months Ended June 30, 2024
Additions to property, plant and equipment (3)
86,884 2,474 160 345 104 298 44 64 90,373 
As of December 31, 2024
Investments in equity companies4,884 21,396 444 915 3,016 2,649 — 814 34,118 
Total assets154,914 134,609 32,143 43,399 17,445 17,692 2,882 8,040 411,124 
Reconciliation to Corporate TotalSegment TotalCorporate and FinancingCorporate Total
Three Months Ended June 30, 2024
Additions to property, plant and equipment (3)
90,373 431 90,804 
As of December 31, 2024
Investments in equity companies34,118 (108)34,010 
Total assets411,124 42,351 453,475 
(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 $433 million.
(3) Includes non-cash additions.
Due to rounding, numbers presented may not add up precisely to the totals indicated.
(millions of dollars)UpstreamEnergy ProductsChemical ProductsSpecialty ProductsSegment Total
U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.
Six Months Ended June 30, 2025
Revenues and other income
Sales and other operating revenue13,257 7,246 48,957 70,994 3,992 7,085 2,805 6,159 160,495 
Income from equity affiliates9 2,547 72 29 61 269 3 (32)2,958 
Intersegment revenue12,786 18,674 9,126 13,184 3,343 1,529 1,100 227 59,969 
Other income(42)397 82 78 1 2 2 58 578 
Segment revenues and other income26,010 28,864 58,237 84,285 7,397 8,885 3,910 6,412 224,000 
Costs and other items
Crude oil and product purchases9,962 5,267 50,621 68,597 4,290 6,219 2,070 4,104 151,130 
Operating expenses, excl. depreciation and depletion (1)
5,479 4,761 4,022 4,431 2,159 2,278 982 1,126 25,238 
Depreciation and depletion (includes impairments)6,394 3,422 393 343 293 260 54 81 11,240 
Interest expense59 22 (1)2 — — — 2 84 
Other taxes and duties113 1,070 1,617 9,306 34 61 3 88 12,292 
Total costs and other deductions22,007 14,542 56,652 82,679 6,776 8,818 3,109 5,401 199,984 
Segment income (loss) before income taxes
4,003 14,322 1,585 1,606 621 67 801 1,011 24,016 
Income tax expense (benefit)921 4,930 358 346 111 (3)187 183 7,033 
Segment net income (loss) incl. noncontrolling interests3,082 9,392 1,227 1,260 510 70 614 828 16,983 
Net income (loss) attributable to noncontrolling interests— 316 105 189 — 14 1 6 631 
Segment income (loss)3,082 9,076 1,122 1,071 510 56 613 822 16,352 
Reconciliation of consolidated revenues
Segment revenues and other income224,000 
Other revenues (2)
605 
Elimination of intersegment revenues(59,969)
Total consolidated revenues and other income164,636 
Reconciliation of income (loss) attributable to ExxonMobil
Total segment income (loss)16,352 
Corporate and Financing income (loss)(1,557)
Net income (loss) attributable to ExxonMobil14,795 
(millions of dollars)UpstreamEnergy ProductsChemical ProductsSpecialty ProductsSegment Total
U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.
Six Months Ended June 30, 2025
Additions to property, plant and equipment (3)
5,827 4,044 261 486 306 218 88 103 11,333 
As of June 30, 2025
Investments in equity companies5,107 19,846 462 983 3,008 2,598 — 793 32,797 
Total assets152,661 134,033 32,412 46,120 17,456 18,433 2,674 8,476 412,265 
Reconciliation to Corporate TotalSegment TotalCorporate and FinancingCorporate Total
Six Months Ended June 30, 2025
Additions to property, plant and equipment (3)
11,333 1,051 12,384 
As of June 30, 2025
Investments in equity companies32,797 (140)32,657 
Total assets412,265 35,332 447,597 
(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 $675 million.
(3) Includes non-cash additions.
Due to rounding, numbers presented may not add up precisely to the totals indicated.
(millions of dollars)UpstreamEnergy ProductsChemical ProductsSpecialty ProductsSegment Total
U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.
Six Months Ended June 30, 2024
Revenues and other income
Sales and other operating revenue8,919 6,843 51,218 82,423 4,407 7,266 3,007 6,265 170,348 
Income from equity affiliates(84)3,272 70 (1)89 374 — (21)3,699 
Intersegment revenue11,533 21,023 13,095 13,147 3,815 2,023 1,289 315 66,240 
Other income697 12 122 65 1 5 7 55 964 
Segment revenues and other income21,065 31,150 64,505 95,634 8,312 9,668 4,303 6,614 241,251 
Costs and other items
Crude oil and product purchases7,312 5,021 56,630 79,935 4,473 6,546 2,249 4,592 166,758 
Operating expenses, excl. depreciation and depletion (1)
4,332 5,340 4,047 4,314 2,185 2,180 895 1,082 24,375 
Depreciation and depletion (includes impairments)4,634 4,074 393 367 303 219 44 73 10,107 
Interest expense74 33 3 3 — 1 — 1 115 
Other taxes and duties202 1,300 1,693 9,544 19 39 2 103 12,902 
Total costs and other deductions16,554 15,768 62,766 94,163 6,980 8,985 3,190 5,851 214,257 
Segment income (loss) before income taxes4,511 15,382 1,739 1,471 1,332 683 1,113 763 26,994 
Income tax expense (benefit)1,027 5,779 340 230 302 126 261 94 8,159 
Segment net income (loss) incl. noncontrolling interests3,484 9,603 1,399 1,241 1,030 557 852 669 18,835 
Net income (loss) attributable to noncontrolling interests— 353 113 205 — 23 1 8 703 
Segment income (loss)3,484 9,250 1,286 1,036 1,030 534 851 661 18,132 
Reconciliation of consolidated revenue
Segment revenues and other income241,251 
Other revenues (2)
1,132 
Elimination of intersegment revenues(66,240)
Total consolidated revenues and other income176,143 
Reconciliation of income (loss) attributable to ExxonMobil
Total segment income (loss)18,132 
Corporate and Financing income (loss)(672)
Net income (loss) attributable to ExxonMobil17,460 
(millions of dollars)UpstreamEnergy ProductsChemical ProductsSpecialty ProductsSegment Total
U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.
Six Months Ended June 30, 2024
Additions to property, plant and equipment (3)
88,912 4,138 302 666 204 533 58 122 94,935 
As of December 31, 2024
Investments in equity companies4,884 21,396 444 915 3,016 2,649 — 814 34,118 
Total assets154,914 134,609 32,143 43,399 17,445 17,692 2,882 8,040 411,124 
Reconciliation to Corporate TotalSegment TotalCorporate and FinancingCorporate Total
Six Months Ended June 30, 2024
Additions to property, plant and equipment (3)
94,935 943 95,878 
As of December 31, 2024
Investments in equity companies34,118 (108)34,010 
Total assets411,124 42,351 453,475 
(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 $907 million.
(3) Includes non-cash additions.
Due to rounding, numbers presented may not add up precisely to the totals indicated.
Revenue from Contracts with Customers
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
June 30,		Six Months Ended
June 30,
2025202420252024
Revenue from contracts with customers56,680 64,181 113,611 122,600 
Revenue outside the scope of ASC 60622,797 25,805 46,924 47,797 
Total79,477 89,986 160,535 170,397 
Geographic Sales and Other Operating Revenue  
(millions of dollars)Three Months Ended
June 30,		Six Months Ended
June 30,
2025202420252024
United States34,436 36,895 69,043 67,551 
Non-U.S.45,041 53,091 91,492 102,846 
Total79,477 89,986 160,535 170,397 
Significant Non-U.S. revenue sources include: (1)
Canada6,804 8,126 13,794 15,182 
(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.