Cover and table of contents

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

☑ QUARTERLY REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

For the quarterly period ended June 30, 2026

or

☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF

THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from to

State or other jurisdiction of incorporation or organization	Exact name of registrant as specified in its charter	Commission File Number	I.R.S. Employer Identification Number
Texas	ExxonMobil Holdings Corporation	1-43384	41-4104094
New Jersey	Exxon Mobil Corporation	1-2256	13-5409005

22777 Springwoods Village Parkway**,** Spring**,** Texas 77389-1425

(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
Common Stock, without par value		XOM		New York Stock Exchange
0.524% Notes due 2028		XOM28		New York Stock Exchange
0.835% Notes due 2032		XOM32		New York Stock Exchange
1.408% Notes due 2039		XOM39A		New York Stock Exchange

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.

Large accelerated filer	☑	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 June 30, 2026
Common stock, without par value		4,111,911,960

EXPLANATORY NOTE

On July 1, 2026, Exxon Mobil Corporation, a New Jersey corporation ("EMC"), completed its previously announced

redomiciliation reorganization, pursuant to which ExxonMobil Holdings Corporation, a Texas corporation ("EMHC"), became

the publicly traded parent company of the ExxonMobil consolidated group and the successor registrant of EMC's common

stock under the Securities Exchange Act of 1934 ("Exchange Act"). Additional information regarding the redomiciliation

reorganization and its effect on the presentation of these financial statements is included in Note 1 to the Condensed

Consolidated Financial Statements. This Form 10-Q of EMC is being separately filed by EMC and EMHC, with EMHC filing

as the successor registrant of EMC's common stock under the Exchange Act.

EXXON MOBIL CORPORATION

FORM 10-Q

FOR THE QUARTERLY PERIOD ENDED JUNE 30, 2026

TABLE OF CONTENTS

PART I. FINANCIAL INFORMATION
Item 1. Financial Statements
Condensed Consolidated Statement of Income	3
Condensed Consolidated Statement of Comprehensive Income	4
Condensed Consolidated Balance Sheet	5
Condensed Consolidated Statement of Cash Flows	6
Condensed Consolidated Statement of Changes in Equity	7
Notes to Condensed Consolidated Financial Statements
Note 1. Basis of Financial Statement Preparation	8
Note 2. Earnings Per Share	8
Note 3. Disclosures about Segments and Related Information	9
Note 4. Pension and Other Postretirement Benefits	14
Note 5. Other Comprehensive Income Information	15
Note 6. Financial Instruments and Derivatives	16
Note 7. Litigation and Other Contingencies	17
Note 8. Divestment Activities	18
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations	19
Item 3. Quantitative and Qualitative Disclosures About Market Risk	34
Item 4. Controls and Procedures	34
PART II. OTHER INFORMATION
Item 1. Legal Proceedings	35
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	35
Item 5. Other Information	35
Item 6. Exhibits	36
Signature	37

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 June 30,		Six Months Ended June 30,
2026	2025	2026	2025
Revenues and other income
Sales and other operating revenue	3	114,529	79,477	197,690	160,535
Income from equity affiliates		893	1,462	2,262	2,831
Other income		595	567	1,203	1,270
Total revenues and other income		116,017	81,506	201,155	164,636
Costs and other deductions
Crude oil and product purchases		67,801	45,327	119,603	92,115
Production and manufacturing expenses		12,250	10,102	22,945	20,185
Selling, general and administrative expenses		2,483	2,528	5,167	5,068
Depreciation and depletion (includes impairments)		8,689	6,101	15,460	11,803
Exploration expenses, including dry holes (1)		155	251	281	315
Non-service pension and postretirement benefit expense	4	32	90	94	203
Interest expense		227	145	522	350
Other taxes and duties		4,956	6,257	10,692	12,292
Total costs and other deductions		96,593	70,801	174,764	142,331
Income (loss) before income taxes		19,424	10,705	26,391	22,305
Income tax expense (benefit)		4,543	3,351	7,038	6,918
Net income (loss) including noncontrolling interests		14,881	7,354	19,353	15,387
Net income (loss) attributable to noncontrolling interests		356	272	645	592
Net income (loss) attributable to ExxonMobil		14,525	7,082	18,708	14,795
Earnings (loss) per common share (dollars)	2	3.48	1.64	4.47	3.40
Earnings (loss) per common share - assuming dilution (dollars)	2	3.48	1.64	4.47	3.40
(1) Includes $40 million related to the write-off of exploratory well costs in 2025 that were previously capitalized for greater than one year at December 31, 2024.

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

(millions of dollars)	Three Months Ended June 30,		Six Months Ended June 30,
2026	2025	2026	2025
Net income (loss) including noncontrolling interests	14,881	7,354	19,353	15,387
Other comprehensive income (net of income taxes)
Foreign exchange translation adjustment	(452)	2,206	(715)	2,508
Adjustment for foreign exchange translation (gain)/loss included in net income	1	—	(4)	—
Postretirement benefits reserves adjustment (excluding amortization)	(51)	(12)	(86)	(46)
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs	(25)	7	(52)	30
Total other comprehensive income (loss)	(527)	2,201	(857)	2,492
Comprehensive income (loss) including noncontrolling interests	14,354	9,555	18,496	17,879
Comprehensive income (loss) attributable to noncontrolling interests	280	571	474	901
Comprehensive income (loss) attributable to ExxonMobil	14,074	8,984	18,022	16,978

CONDENSED CONSOLIDATED BALANCE SHEET

(millions of dollars, unless noted)	Note Reference Number	June 30, 2026	December 31, 2025
ASSETS
Current assets
Cash and cash equivalents		10,588	10,681
Notes and accounts receivable – net		60,558	44,562
Inventories
Crude oil, products and merchandise		22,363	22,979
Materials and supplies		3,200	3,323
Other current assets		4,084	1,837
Total current assets		100,793	83,382
Investments, advances and long-term receivables		45,605	45,317
Property, plant and equipment – net		296,298	299,373
Other assets, including intangibles – net		21,786	20,908
Total Assets		464,482	448,980
LIABILITIES
Current liabilities
Notes and loans payable		10,139	9,296
Accounts payable and accrued liabilities		74,491	60,911
Income taxes payable		4,200	2,123
Total current liabilities		88,830	72,330
Long-term debt		32,229	34,241
Postretirement benefits reserves		9,068	8,847
Deferred income tax liabilities		39,546	40,216
Long-term obligations to equity companies		549	542
Other long-term obligations		28,149	26,178
Total Liabilities		198,371	182,354
Commitments and contingencies	7
EQUITY
Common stock without par value (9,000 million shares authorized, 8,019 million shares issued)		46,636	46,150
Earnings reinvested		492,569	482,494
Accumulated other comprehensive income	5	(11,549)	(10,863)
Common stock held in treasury (3,907 million shares at June 30, 2026 and 3,840 million shares at December 31, 2025)		(268,276)	(258,395)
ExxonMobil share of equity		259,380	259,386
Noncontrolling interests		6,731	7,240
Total Equity		266,111	266,626
Total Liabilities and Equity		464,482	448,980

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

(millions of dollars)	Six Months Ended June 30,
2026	2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss) including noncontrolling interests	19,353	15,387
Depreciation and depletion (includes impairments)	15,460	11,803
Changes in operational working capital, excluding cash and debt	(3,857)	(4,848)
All other items – net	1,304	2,161
Net cash provided by operating activities	32,260	24,503
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to property, plant and equipment	(12,997)	(12,181)
Proceeds from asset sales and returns of investments	649	1,999
Additional investments and advances	(711)	(472)
Other investing activities including collection of advances	734	339
Net cash used in investing activities	(12,325)	(10,315)
CASH FLOWS FROM FINANCING ACTIVITIES
Additions to long-term debt	894	883
Reductions in long-term debt	(135)	(13)
Additions to short-term debt (1)	—	172
Reductions in short-term debt (1)	(5,500)	(4,676)
Additions/(reductions) in commercial paper, and debt with three months or less maturity	3,912	257
Contingent consideration payments	(125)	(79)
Cash dividends to ExxonMobil shareholders	(8,633)	(8,623)
Cash dividends to noncontrolling interests	(332)	(452)
Changes in noncontrolling interests	61	(10)
Inflows from noncontrolling interests for major projects	—	45
Common stock acquired	(10,007)	(9,768)
Net cash used in financing activities	(19,865)	(22,264)
Effects of exchange rate changes on cash	(163)	600
Increase/(decrease) in cash and cash equivalents (including restricted)	(93)	(7,476)
Cash and cash equivalents at beginning of period (including restricted)	10,681	23,187
Cash and cash equivalents at end of period (including restricted)	10,588	15,711
SUPPLEMENTAL DISCLOSURES
Cash interest paid
Included in cash flows from operating activities	402	169
Capitalized, included in cash flows from investing activities	508	707
Total cash interest paid	910	876
Noncash right of use assets recorded in exchange for lease liabilities
Operating leases	1,737	900
Finance leases	52	6
(1) Includes commercial paper with a maturity greater than three months.

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 March 31, 2025	46,426	474,290	(14,338)	(243,658)	262,720	7,086	269,806
Amortization of stock-based awards	220	—	—	—	220	—	220
Other	(17)	(23)	—	—	(40)	23	(17)
Net income (loss) for the period	—	7,082	—	—	7,082	272	7,354
Dividends - common shares	—	(4,288)	—	—	(4,288)	(311)	(4,599)
Other comprehensive income (loss)	—	—	1,902	—	1,902	299	2,201
Share repurchases, at cost	—	—	—	(5,014)	(5,014)	—	(5,014)
Dispositions	—	—	—	11	11	—	11
Balance as of June 30, 2025	46,629	477,061	(12,436)	(248,661)	262,593	7,369	269,962
Balance as of March 31, 2026	46,426	482,344	(11,098)	(263,291)	254,381	6,615	260,996
Amortization of stock-based awards	226	—	—	—	226	—	226
Other	(16)	(1)	—	—	(17)	(2)	(19)
Net income (loss) for the period	—	14,525	—	—	14,525	356	14,881
Dividends - common shares	—	(4,299)	—	—	(4,299)	(162)	(4,461)
Other comprehensive income (loss)	—	—	(451)	—	(451)	(76)	(527)
Share repurchases, at cost	—	—	—	(4,994)	(4,994)	—	(4,994)
Dispositions	—	—	—	9	9	—	9
Balance as of June 30, 2026	46,636	492,569	(11,549)	(268,276)	259,380	6,731	266,111
Balance as of December 31, 2024	46,238	470,903	(14,619)	(238,817)	263,705	6,901	270,606
Amortization of stock-based awards	414	—	—	—	414	—	414
Other	(23)	(14)	—	—	(37)	19	(18)
Net income (loss) for the period	—	14,795	—	—	14,795	592	15,387
Dividends - common shares	—	(8,623)	—	—	(8,623)	(452)	(9,075)
Other comprehensive income (loss)	—	—	2,183	—	2,183	309	2,492
Share repurchases, at cost	—	—	—	(9,866)	(9,866)	—	(9,866)
Dispositions	—	—	—	22	22	—	22
Balance as of June 30, 2025	46,629	477,061	(12,436)	(248,661)	262,593	7,369	269,962
Balance as of December 31, 2025	46,150	482,494	(10,863)	(258,395)	259,386	7,240	266,626
Amortization of stock-based awards	530	—	—	—	530	—	530
Other	(44)	—	—	—	(44)	(639)	(683)
Net income (loss) for the period	—	18,708	—	—	18,708	645	19,353
Dividends - common shares	—	(8,633)	—	—	(8,633)	(344)	(8,977)
Other comprehensive income (loss)	—	—	(686)	—	(686)	(171)	(857)
Share repurchases, at cost	—	—	—	(9,911)	(9,911)	—	(9,911)
Dispositions	—	—	—	30	30	—	30
Balance as of June 30, 2026	46,636	492,569	(11,549)	(268,276)	259,380	6,731	266,111

	Three Months Ended June 30, 2026			Three Months Ended June 30, 2025
Common Stock Share Activity (millions of shares)	Issued	Held in Treasury	Outstanding	Issued	Held in Treasury	Outstanding
Balance as of March 31	8,019	(3,874)	4,145	8,019	(3,709)	4,310
Share repurchases, at cost	—	(33)	(33)	—	(47)	(47)
Balance as of June 30	8,019	(3,907)	4,112	8,019	(3,756)	4,263
	Six Months Ended June 30, 2026			Six Months Ended June 30, 2025
Balance as of December 31	8,019	(3,840)	4,179	8,019	(3,666)	4,353
Share repurchases, at cost	—	(67)	(67)	—	(90)	(90)
Balance as of June 30	8,019	(3,907)	4,112	8,019	(3,756)	4,263

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Due to rounding, numbers presented may not add up precisely to the totals indicated.

Note 1. Basis of Financial Statement Preparation

On July 1, 2026, Exxon Mobil Corporation, a New Jersey corporation ("EMC"), completed its previously announced

redomiciliation reorganization (the "Redomiciliation Merger"), pursuant to which ExxonMobil Holdings Corporation, a Texas

corporation ("EMHC"), became the publicly traded parent company of the ExxonMobil consolidated group. The

Redomiciliation Merger became effective on July 1, 2026.

At the effective time of the Redomiciliation Merger, each outstanding share of EMC common stock, without par value, was

automatically exchanged for one share of EMHC common stock with a par value of $0.001 per share, and former EMC

shareholders became shareholders of EMHC holding the same number and percentage ownership interests immediately

following the transaction. EMHC replaced EMC as the publicly held corporation traded on the New York Stock Exchange

under the ticker symbol "XOM" and became the successor registrant of EMC's common stock pursuant to Rule 12g-3(a) under

the Securities Exchange Act of 1934.

As of the effective time of the Redomiciliation Merger, the rights of EMHC shareholders are governed by the Texas Business

Organizations Code and the governing organizational documents of EMHC. Prior to the Redomiciliation Merger, shareholder

rights were governed by the New Jersey Business Corporation Act and EMC's governing organizational documents.

Unless otherwise indicated, references herein to "ExxonMobil," the "Corporation," "we," "our," and "us" refer to the

ExxonMobil consolidated group, which was headed by EMC through June 30, 2026, and by EMHC thereafter. The

accompanying Condensed Consolidated Financial Statements reflect periods prior to the completion of the Redomiciliation

Merger. The Redomiciliation Merger did not change the Corporation's consolidated business, operations, assets, liabilities, or

financial reporting basis.

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.

Note 2. Earnings Per Share

Earnings per common share	Three Months Ended June 30,		Six Months Ended June 30,
2026	2025	2026	2025
Net income (loss) attributable to ExxonMobil (millions of dollars)	14,525	7,082	18,708	14,795
Weighted-average number of common shares outstanding (millions of shares) (1)	4,174	4,331	4,188	4,351
Earnings (loss) per common share (dollars) (2)	3.48	1.64	4.47	3.40
Dividends paid per common share (dollars)	1.03	0.99	2.06	1.98
(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.

Note 3. Disclosures about Segments and Related Information

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 June 30, 2026
Revenues and other income
Sales and other operating revenue	8,201	4,479	38,517	51,091	2,552	4,335	1,596	3,732	114,503
Income from equity affiliates	(95)	682	40	171	(15)	180	2	(11)	954
Intersegment revenue	9,916	11,931	10,258	9,309	2,023	998	590	125	45,150
Other income	286	57	76	81	—	2	1	33	536
Segment revenues and other income	18,308	17,149	48,891	60,652	4,560	5,515	2,189	3,879	161,143
Costs and other items
Crude oil and product purchases	7,013	3,444	41,997	50,164	2,469	3,520	1,260	2,479	112,346
Operating expenses, excl. depreciation and depletion (1)	4,603	2,734	2,049	2,394	1,095	1,038	515	531	14,959
Depreciation and depletion (includes impairments)	4,066	1,918	272	1,343	198	187	26	52	8,062
Interest expense	13	15	1	1	—	1	1	1	33
Other taxes and duties	139	222	764	3,718	29	31	6	47	4,956
Total costs and other deductions	15,834	8,333	45,083	57,620	3,791	4,777	1,808	3,110	140,356
Segment income (loss) before income taxes	2,474	8,816	3,808	3,032	769	738	381	769	20,787
Income tax expense (benefit)	554	2,527	764	401	170	189	96	93	4,794
Segment net income (loss) incl. noncontrolling interests	1,920	6,289	3,044	2,631	599	549	285	676	15,993
Net income (loss) attributable to noncontrolling interests	—	282	57	153	—	17	(2)	7	514
Segment income (loss)	1,920	6,007	2,987	2,478	599	532	287	669	15,479
Reconciliation of consolidated revenues
Segment revenues and other income			161,143
Other revenues (2)			24
Elimination of intersegment revenues			(45,150)
Total consolidated revenues and other income			116,017
Reconciliation of income (loss) attributable to ExxonMobil
Total segment income (loss)			15,479
Corporate and Financing income (loss)			(954)
Net income (loss) attributable to ExxonMobil			14,525
(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 June 30, 2026
Additions to property, plant and equipment (3)	3,103	2,356	333	190	255	43	15	20	6,315
As of June 30, 2026
Investments in equity companies	5,794	19,236	476	1,621	2,837	2,724	—	759	33,447
Total assets	152,299	135,092	41,206	53,366	18,012	18,827	2,866	8,342	430,010
Reconciliation to Corporate Total	Segment Total		Corporate and Financing		Corporate Total
Three Months Ended June 30, 2026
Additions to property, plant and equipment (3)	6,315		392		6,707
As of June 30, 2026
Investments in equity companies	33,447		(123)		33,324
Total assets	430,010		34,472		464,482
(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 $145 million*.*
(3) Includes non-cash additions.

(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 June 30, 2025
Revenues and other income
Sales and other operating revenue	5,939	3,286	25,072	34,917	1,970	3,700	1,438	3,134	79,456
Income from equity affiliates	5	1,300	36	28	38	129	3	(10)	1,529
Intersegment revenue	6,230	8,824	4,502	6,512	1,668	790	551	113	29,190
Other income	93	23	26	54	—	3	2	31	232
Segment revenues and other income	12,267	13,433	29,636	41,511	3,676	4,622	1,994	3,268	110,407
Costs and other items
Crude oil and product purchases	4,533	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 expense	22	16	(1)	1	—	—	—	2	40
Other taxes and duties	49	531	830	4,744	18	39	1	44	6,256
Total costs and other deductions	10,676	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 interests	1,212	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 income			110,407
Other revenues (2)			289
Elimination of intersegment revenues			(29,190)
Total consolidated revenues and other income			81,506
Reconciliation of income (loss) attributable to ExxonMobil
Total segment income (loss)			7,841
Corporate and Financing income (loss)			(759)
Net income (loss) attributable to ExxonMobil			7,082
(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 June 30, 2025
Additions to property, plant and equipment (3)	3,047	2,022	145	258	161	101	39	50	5,823
As of December 31, 2025
Investments in equity companies	5,491	19,429	460	1,048	2,946	2,616	—	775	32,765
Total assets	153,042	134,529	32,652	47,265	17,365	17,991	2,961	8,020	413,825
Reconciliation to Corporate Total	Segment Total		Corporate and Financing		Corporate Total
Three Months Ended June 30, 2025
Additions to property, plant and equipment (3)	5,823		532		6,355
As of December 31, 2025
Investments in equity companies	32,765		(112)		32,653
Total assets	413,825		35,155		448,980
(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.

(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.
Six Months Ended June 30, 2026
Revenues and other income
Sales and other operating revenue	15,466	7,292	64,507	88,295	4,522	7,839	2,968	6,750	197,639
Income from equity affiliates	(156)	1,588	74	609	17	282	3	(29)	2,388
Intersegment revenue	17,509	21,954	16,679	16,414	3,715	1,975	1,086	265	79,597
Other income	532	96	105	132	—	3	4	62	934
Segment revenues and other income	33,351	30,930	81,365	105,450	8,254	10,099	4,061	7,048	280,558
Costs and other items
Crude oil and product purchases	13,096	6,287	70,191	90,131	4,419	7,081	2,232	4,588	198,025
Operating expenses, excl. depreciation and depletion (1)	7,638	5,247	4,362	4,511	2,270	2,076	1,017	1,028	28,149
Depreciation and depletion (includes impairments)	7,904	3,788	479	1,559	347	344	49	90	14,560
Interest expense	8	21	3	4	—	1	2	1	40
Other taxes and duties	207	551	1,495	8,210	44	78	10	97	10,692
Total costs and other deductions	28,853	15,894	76,530	104,415	7,080	9,580	3,310	5,804	251,466
Segment income (loss) before income taxes	4,498	15,036	4,835	1,035	1,174	519	751	1,244	29,092
Income tax expense (benefit)	1,004	4,483	1,065	200	256	172	193	183	7,556
Segment net income (loss) incl. noncontrolling interests	3,494	10,553	3,770	835	918	347	558	1,061	21,536
Net income (loss) attributable to noncontrolling interests	—	383	122	280	—	24	(3)	15	821
Segment income (loss)	3,494	10,170	3,648	555	918	323	561	1,046	20,715
Reconciliation of consolidated revenues
Segment revenues and other income			280,558
Other revenues (2)			194
Elimination of intersegment revenues			(79,597)
Total consolidated revenues and other income			201,155
Reconciliation of income (loss) attributable to ExxonMobil
Total segment income (loss)			20,715
Corporate and Financing income (loss)			(2,007)
Net income (loss) attributable to ExxonMobil			18,708
(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.
Six Months Ended June 30, 2026
Additions to property, plant and equipment (3)	6,378	4,241	1,184	356	407	68	49	39	12,722
As of June 30, 2026
Investments in equity companies	5,794	19,236	476	1,621	2,837	2,724	—	759	33,447
Total assets	152,299	135,092	41,206	53,366	18,012	18,827	2,866	8,342	430,010
Reconciliation to Corporate Total	Segment Total		Corporate and Financing		Corporate Total
Six Months Ended June 30, 2026
Additions to property, plant and equipment (3)	12,722		739		13,461
As of June 30, 2026
Investments in equity companies	33,447		(123)		33,324
Total assets	430,010		34,472		464,482
(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 $351 million*.*
(3) Includes non-cash additions.

(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.
Six Months Ended June 30, 2025
Revenues and other income
Sales and other operating revenue	13,257	7,246	48,957	70,994	3,992	7,085	2,805	6,159	160,495
Income from equity affiliates	9	2,547	72	29	61	269	3	(32)	2,958
Intersegment revenue	12,786	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 income	26,010	28,864	58,237	84,285	7,397	8,885	3,910	6,412	224,000
Costs and other items
Crude oil and product purchases	9,962	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 expense	59	22	(1)	2	—	—	—	2	84
Other taxes and duties	113	1,070	1,617	9,306	34	61	3	88	12,292
Total costs and other deductions	22,007	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 interests	3,082	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 revenue
Segment revenues and other income			224,000
Other revenues (2)			605
Elimination of intersegment revenues			(59,969)
Total consolidated revenues and other income			164,636
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 ExxonMobil			14,795
(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.
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 December 31, 2025
Investments in equity companies	5,491	19,429	460	1,048	2,946	2,616	—	775	32,765
Total assets	153,042	134,529	32,652	47,265	17,365	17,991	2,961	8,020	413,825
Reconciliation to Corporate Total	Segment Total		Corporate and Financing		Corporate Total
Six Months Ended June 30, 2025
Additions to property, plant and equipment (3)	11,333		1,051		12,384
As of December 31, 2025
Investments in equity companies	32,765		(112)		32,653
Total assets	413,825		35,155		448,980
(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.

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,
2026	2025	2026	2025
Revenue from contracts with customers	72,569	56,680	129,435	113,611
Revenue outside the scope of ASC 606	41,960	22,797	68,255	46,924
Total	114,529	79,477	197,690	160,535

Geographic Sales and Other Operating Revenue (millions of dollars)	Three Months Ended June 30,		Six Months Ended June 30,
2026	2025	2026	2025
United States	50,892	34,436	87,519	69,043
Non-U.S.	63,637	45,041	110,171	91,492
Total	114,529	79,477	197,690	160,535
Significant Non-U.S. revenue sources include: (1)
Canada	10,287	6,804	17,770	13,794
(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.

Note 4. Pension and Other Postretirement Benefits

(millions of dollars)	Three Months Ended June 30,		Six Months Ended June 30,
2026	2025	2026	2025
Components of net benefit cost
Pension Benefits - U.S.
Service cost	150	138	277	274
Interest cost	164	171	329	341
Expected return on plan assets	(165)	(149)	(329)	(298)
Amortization of actuarial loss/(gain)	5	19	10	37
Amortization of prior service cost	(7)	(8)	(15)	(15)
Net pension enhancement and curtailment/settlement cost	3	15	2	51
Net benefit cost	150	186	274	390
Pension Benefits - Non-U.S.
Service cost	67	82	139	160
Interest cost	203	205	442	427
Expected return on plan assets	(199)	(206)	(430)	(427)
Amortization of actuarial loss/(gain)	(12)	9	(22)	18
Amortization of prior service cost	16	15	31	28
Net pension enhancement and curtailment/settlement cost	—	—	28	—
Net benefit cost	75	105	188	206
Other Postretirement Benefits
Service cost	21	24	42	47
Interest cost	66	66	131	131
Expected return on plan assets	(4)	(4)	(8)	(8)
Amortization of actuarial loss/(gain)	(21)	(27)	(43)	(51)
Amortization of prior service cost	(16)	(16)	(31)	(31)
Net pension enhancement and curtailment/settlement cost	(1)	—	(1)	—
Net benefit cost	45	43	90	88

Note 5. Other Comprehensive Income Information

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	(16,166)	1,547	(14,619)
Current period change excluding amounts reclassified from accumulated other comprehensive income (1)	2,200	(46)	2,154
Amounts reclassified from accumulated other comprehensive income	—	29	29
Total change in accumulated other comprehensive income	2,200	(17)	2,183
Balance as of June 30, 2025	(13,966)	1,530	(12,436)
Balance as of December 31, 2025	(13,398)	2,535	(10,863)
Current period change excluding amounts reclassified from accumulated other comprehensive income (1)	(544)	(86)	(630)
Amounts reclassified from accumulated other comprehensive income	(4)	(52)	(56)
Total change in accumulated other comprehensive income	(548)	(138)	(686)
Balance as of June 30, 2026	(13,946)	2,397	(11,549)
(1) Cumulative Foreign Exchange Translation Adjustment includes net investment hedge gain/(loss) net of taxes of $80 million and $(293) million in 2026 and 2025*, respectively.*

Amounts Reclassified Out of Accumulated Other Comprehensive Income - Before-tax Income/(Expense) (millions of dollars)	Three Months Ended June 30,		Six Months Ended June 30,
2026	2025	2026	2025
Foreign exchange translation gain/(loss) included in net income (Statement of Income line: Other income)	(1)	—	4	—
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)	33	(7)	68	(37)

Income Tax (Expense)/Credit For Components of Other Comprehensive Income (millions of dollars)	Three Months Ended June 30,		Six Months Ended June 30,
2026	2025	2026	2025
Foreign exchange translation adjustment	(22)	47	35	106
Postretirement benefits reserves adjustment (excluding amortization)	10	16	11	38
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs	8	—	16	(7)
Total	(4)	63	62	137

Note 6. Financial Instruments and Derivatives

The estimated fair value of financial instruments and derivatives at June 30, 2026 and December 31, 2025, and the related

hierarchy level for the fair value measurement was as follows:

	June 30, 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)	15,760	4,163	—	19,923	(17,681)	(644)	—	1,598
Advances to/receivables from equity companies (2)(3)	—	1,375	4,330	5,705	—	—	141	5,846
Other long-term financial assets (4)	1,595	—	1,806	3,401	—	—	127	3,528
Liabilities
Derivative liabilities (5)	15,452	4,384	—	19,836	(17,681)	(337)	—	1,818
Long-term debt (6)	23,262	3,379	—	26,641	—	—	3,224	29,865
Long-term obligations to equity companies (3)	—	—	549	549	—	—	—	549
Other long-term financial liabilities (7)	—	—	277	277	—	—	16	293

	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)	5,197	2,259	—	7,456	(6,261)	(341)	—	854
Advances to/receivables from equity companies (2)(3)	—	1,935	3,938	5,873	—	—	256	6,129
Other long-term financial assets (4)	1,536	—	1,800	3,336	—	—	216	3,552
Liabilities
Derivative liabilities (5)	4,994	2,043	—	7,037	(6,261)	(141)	—	635
Long-term debt (6)	24,678	3,909	—	28,587	—	—	3,248	31,835
Long-term obligations to equity companies (3)	—	—	542	542	—	—	—	542
Other long-term financial liabilities (7)	—	—	348	348	—	—	16	364
(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.

At June 30, 2026 and December 31, 2025, respectively, the Corporation had $1.4 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.

The Corporation may use non-derivative financial instruments, such as its foreign currency-denominated debt, as hedges of its

net investments in certain foreign subsidiaries. Under this method, the change in the carrying value of the financial instruments

due to foreign exchange fluctuations is reported in accumulated other comprehensive income. As of June 30, 2026, the

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 $7.4 billion and undrawn long-term committed lines of

credit of $0.3 billion as of the end of second 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 $2.3 billion and gains of $534 million for

the periods ended June 30, 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 June 30, 2026 and December 31, 2025, or results of operations for the periods ended

June 30, 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

second 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.

The net notional long/(short) position of derivative instruments at June 30, 2026 and December 31, 2025, was as follows:

(millions)	June 30, 2026	December 31, 2025
Crude oil (barrels)	20	6
Petroleum products (barrels)	(55)	(27)
Natural gas (MMBTUs)	(528)	(449)

Note 7. Litigation and Other Contingencies

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.

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. Effective July 31,

2026, the Corporation entered into a settlement with the state of Louisiana and the relevant coastal parishes settling all claims

related to these matters. The settlement is not material to the Corporation, with estimated earnings impacts included in the

second quarter financial reserve updates and third quarter earnings impacts expected to be immaterial. The settlement reflects a

negotiated resolution of disputed claims, does not constitute an admission of liability or wrongdoing, and does not provide for

any government sanctions.

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 June 30, 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.

	June 30, 2026
(millions of dollars)	Equity Company Obligations (1)	Other Third-Party Obligations	Total
Guarantees
Non-debt-related	660	5,619	6,279
Total	660	5,619	6,279
(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.

Note 8. Divestment Activities

Through June 30, 2026, the Corporation realized proceeds of approximately $0.6 billion and recognized net after-tax earnings

of approximately $0.1 billion from its divestment activities. This included the sale of certain 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.