v3.26.1
Fair Value Measurements
 12 Months Ended
Dec. 31, 2025
EMSP 334  
EBP, Investment, Fair Value and NAV [Line Items]  
Fair Value Measurements Fair Value Measurements
The authoritative guidance for fair value measurements provides a framework for measuring fair value. The
framework establishes a three-level fair value hierarchy based on the nature of the information used to measure fair
value.  The terms “Level 1” and “Level 2” are accounting terms that refer to different methods of valuing assets.  The
terms do not represent the relative risk or credit quality of an investment.  The fair value hierarchies for the Plan
assets are not a measure of the ability of the Plan to meet Plan benefit obligations.
The following tables set forth by level, within the fair value hierarchy, the Plan's assets at fair value:
Note 5:  Fair Value Measurements (continued)
Fair Value Measurements at
December 31, 2025 Using*
(millions of dollars)
 
 
 
 
Description of investments
Value
 
Quoted Prices In
Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
ExxonMobil common stock
7,361
 
7,361
(1)
 
 
U.S. Government Securities
2,936
 
 
2,936
(2)
Corporate Debt Securities
100
100
(2)
Total
10,397
 
7,361
3,036
 
Common/Collective trusts (at net asset value)**:
 
 
 
 
S&P 500 Fund
8,004
(3)
 
 
 
 
Small & Mid Cap Fund
3,293
(3)
 
 
 
 
World Ex-US Equity Fund
2,390
(3)
 
 
 
 
Aggregate Bond Fund
1,322
(4)
 
 
 
 
Short term investments
246
(5)
 
 
 
 
Total
25,652
 
 
 
 
 
(1)     For ExxonMobil common stock, fair value is based on observable quoted prices on an active exchange.
(2)     For U.S. government securities and corporate debt securities, fair value is based on observable inputs of comparable
market transactions.
(3)     Investments in common and preferred stocks held in the form of units in common/collective trusts are redeemable daily at
the unit value, including the measurement date. The fair value of the underlying securities owned by the common/collective trusts
is based on observable quoted prices on an active exchange.
(4)     Investments in debt securities and fixed income assets held in the form of units in common/collective trusts are redeemable
daily at the unit value, including the measurement date.
(5)     Short term investments held in the form of units in common/collective trusts are redeemable daily at the unit value, including
the measurement date.
 
* There are no “Level 3” investments.
** Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient
have not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit
reconciliation of the fair value hierarchy to the amounts in the Statements of Net Assets.
Note 5:  Fair Value Measurements (continued) 
Fair Value Measurements at
December 31, 2024 Using*
(millions of dollars)
 
 
 
Description of investments
Value
 
Quoted Prices In
Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
ExxonMobil common stock
7,165
7,165
(1)
 
U.S. Government Securities
2,893
2,893
(2)
Corporate Debt Securities
34
34
(2)
Total
10,092
7,165
2,927
 
Common/Collective trusts (at net asset value)**:
 
S&P 500 Fund
6,991
(3)
 
Small & Mid Cap Fund
3,074
(3)
 
World Ex-US Equity Fund
1,798
(3)
 
Aggregate Bond Fund
1,172
(4)
 
Short term investments
296
(5)
 
Total
23,423
 
(1)     For ExxonMobil common stock, fair value is based on observable quoted prices on an active exchange.
(2)     For U.S. government securities and corporate debt securities, fair value is based on observable inputs of comparable
market transactions.
(3)     Investments in common and preferred stocks held in the form of units in common/collective trusts are redeemable daily at
the unit value, including the measurement date. The fair value of the underlying securities owned by the common/collective trusts
is based on observable quoted prices on an active exchange.
(4)     Investments in debt securities and fixed income assets held in the form of units in common/collective trusts are redeemable
daily at the unit value, including the measurement date.
(5)     Short term investments held in the form of units in common/collective trusts are redeemable daily at the unit value, including
the measurement date.
 
* There are no “Level 3” investments.
** Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient
have not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit
reconciliation of the fair value hierarchy to the amounts in the Statements of Net Assets.