10-Q

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 March 31, 2023

or

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

THE SECURITIES EXCHANGE ACT OF 1934

For the transition period from __________to__________

Commission File Number 1-2256

Exxon Mobil Corporation

(Exact name of registrant as specified in its charter)

New Jersey	13-5409005
(State or other jurisdiction of incorporation or organization)	(I.R.S. Employer Identification Number)

5959 Las Colinas Boulevard, Irving, Texas 75039-2298

(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
0.142% Notes due 2024	XOM24B	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 March 31, 2023
Common stock, without par value	4,042,984,946

EXXON MOBIL CORPORATION

FORM 10-Q

FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2023

 TABLE OF CONTENTS

PART I. FINANCIAL INFORMATION
Item 1. Financial Statements
Condensed Consolidated Statement of Income - Three months ended March 31, 2023 and 2022	3
Condensed Consolidated Statement of Comprehensive Income - Three months ended March 31, 2023 and 2022	4
Condensed Consolidated Balance Sheet - As of March 31, 2023 and December 31, 2022	5
Condensed Consolidated Statement of Cash Flows - Three months ended March 31, 2023 and 2022	6
Condensed Consolidated Statement of Changes in Equity - Three months ended March 31, 2023 and 2022	7
Notes to Condensed Consolidated Financial Statements	8
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations	17
Item 3. Quantitative and Qualitative Disclosures About Market Risk	29
Item 4. Controls and Procedures	29
PART II. OTHER INFORMATION
Item 1. Legal Proceedings	30
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	30
Item 6. Exhibits	30
Index to Exhibits	31
Signature	32

2

PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

CONDENSED CONSOLIDATED STATEMENT OF INCOME

(millions of dollars, unless noted)	Three Months Ended March 31,
	2023	2022
Revenues and other income
Sales and other operating revenue	83,644	87,734
Income from equity affiliates	2,381	2,538
Other income	539	228
Total revenues and other income	86,564	90,500
Costs and other deductions
Crude oil and product purchases	46,003	52,388
Production and manufacturing expenses	9,436	10,241
Selling, general and administrative expenses	2,390	2,409
Depreciation and depletion (includes impairments)	4,244	8,883
Exploration expenses, including dry holes	141	173
Non-service pension and postretirement benefit expense	167	108
Interest expense	159	188
Other taxes and duties	7,221	7,554
Total costs and other deductions	69,761	81,944
Income (loss) before income taxes	16,803	8,556
Income tax expense (benefit)	4,960	2,806
Net income (loss) including noncontrolling interests	11,843	5,750
Net income (loss) attributable to noncontrolling interests	413	270
Net income (loss) attributable to ExxonMobil	11,430	5,480
Earnings (loss) per common share (dollars)	2.79	1.28
Earnings (loss) per common share - assuming dilution (dollars)	2.79	1.28
The information in the Notes to Condensed Consolidated Financial Statements is an integral part of these statements.

3

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

(millions of dollars)	Three Months Ended March 31,
	2023	2022
Net income (loss) including noncontrolling interests	11,843	5,750
Other comprehensive income (loss) (net of income taxes)
Foreign exchange translation adjustment	173	741
Postretirement benefits reserves adjustment (excluding amortization)	19	105
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs	6	93
Total other comprehensive income (loss)	198	939
Comprehensive income (loss) including noncontrolling interests	12,041	6,689
Comprehensive income (loss) attributable to noncontrolling interests	436	359
Comprehensive income (loss) attributable to ExxonMobil	11,605	6,330
The information in the Notes to Condensed Consolidated Financial Statements is an integral part of these statements.

4

CONDENSED CONSOLIDATED BALANCE SHEET

(millions of dollars, unless noted)	March 31, 2023	December 31, 2022
ASSETS
Current assets
Cash and cash equivalents	32,651	29,640
Cash and cash equivalents – restricted	25	25
Notes and accounts receivable – net	38,808	41,749
Inventories
Crude oil, products and merchandise	19,458	20,434
Materials and supplies	4,184	4,001
Other current assets	2,098	1,782
Total current assets	97,224	97,631
Investments, advances and long-term receivables	49,044	49,793
Property, plant and equipment – net	206,023	204,692
Other assets, including intangibles – net	17,080	16,951
Total Assets	369,371	369,067
LIABILITIES
Current liabilities
Notes and loans payable	2,296	634
Accounts payable and accrued liabilities	59,935	63,197
Income taxes payable	4,435	5,214
Total current liabilities	66,666	69,045
Long-term debt	39,150	40,559
Postretirement benefits reserves	10,183	10,045
Deferred income tax liabilities	23,195	22,874
Long-term obligations to equity companies	2,376	2,338
Other long-term obligations	21,387	21,733
Total Liabilities	162,957	166,594
Commitments and contingencies (Note 3)
EQUITY
Common stock without par value (9,000 million shares authorized, 8,019 million shares issued)	15,904	15,752
Earnings reinvested	440,552	432,860
Accumulated other comprehensive income	(13,095)	(13,270)
Common stock held in treasury (3,976 million shares at March 31, 2023 and 3,937 million shares at December 31, 2022)	(244,676)	(240,293)
ExxonMobil share of equity	198,685	195,049
Noncontrolling interests	7,729	7,424
Total Equity	206,414	202,473
Total Liabilities and Equity	369,371	369,067
The information in the Notes to Condensed Consolidated Financial Statements is an integral part of these statements.

5

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

(millions of dollars)	Three Months Ended March 31,
	2023	2022
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss) including noncontrolling interests	11,843	5,750
Depreciation and depletion (includes impairments)	4,244	8,883
Changes in operational working capital, excluding cash and debt	(302)	1,086
All other items – net	556	(931)
Net cash provided by operating activities	16,341	14,788
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to property, plant and equipment	(5,412)	(3,911)
Proceeds from asset sales and returns of investments	854	293
Additional investments and advances	(445)	(417)
Other investing activities including collection of advances	78	90
Net cash used in investing activities	(4,925)	(3,945)
CASH FLOWS FROM FINANCING ACTIVITIES
Additions to long-term debt	20	—
Reductions in short-term debt	(126)	(2,098)
Additions/(reductions) in debt with three months or less maturity	(192)	1,366
Cash dividends to ExxonMobil shareholders	(3,738)	(3,760)
Cash dividends to noncontrolling interests	(115)	(60)
Changes in noncontrolling interests	(16)	(94)
Common stock acquired	(4,340)	(2,067)
Net cash used in financing activities	(8,507)	(6,713)
Effects of exchange rate changes on cash	102	142
Increase/(decrease) in cash and cash equivalents	3,011	4,272
Cash and cash equivalents at beginning of period	29,665	6,802
Cash and cash equivalents at end of period	32,676	11,074
SUPPLEMENTAL DISCLOSURES
Income taxes paid	4,404	1,798
Cash interest paid
Included in cash flows from operating activities	256	319
Capitalized, included in cash flows from investing activities	291	187
Total cash interest paid	547	506
Noncash right of use assets recorded in exchange for lease liabilities
Operating leases	393	240
Finance leases	438	656
The information in the Notes to Condensed Consolidated Financial Statements is an integral part of these statements.

6

CONDENSED CONSOLIDATED STATEMENT OF CHANGE 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, 2021	15,746	392,059	(13,764)	(225,464)	168,577	7,106	175,683
Amortization of stock-based awards	138	—	—	—	138	—	138
Other	(5)	—	—	—	(5)	14	9
Net income (loss) for the period	—	5,480	—	—	5,480	270	5,750
Dividends - common shares	—	(3,760)	—	—	(3,760)	(60)	(3,820)
Other comprehensive income (loss)	—	—	850	—	850	89	939
Acquisitions, at cost	—	—	—	(2,067)	(2,067)	(108)	(2,175)
Dispositions	—	—	—	2	2	—	2
Balance as of March 31, 2022	15,879	393,779	(12,914)	(227,529)	169,215	7,311	176,526
Balance as of December 31, 2022	15,752	432,860	(13,270)	(240,293)	195,049	7,424	202,473
Amortization of stock-based awards	158	—	—	—	158	—	158
Other	(6)	—	—	—	(6)	(16)	(22)
Net income (loss) for the period	—	11,430	—	—	11,430	413	11,843
Dividends - common shares	—	(3,738)	—	—	(3,738)	(115)	(3,853)
Other comprehensive income (loss)	—	—	175	—	175	23	198
Acquisitions, at cost	—	—	—	(4,385)	(4,385)	—	(4,385)
Dispositions	—	—	—	2	2	—	2
Balance as of March 31, 2023	15,904	440,552	(13,095)	(244,676)	198,685	7,729	206,414

	Three Months Ended March 31, 2023			Three Months Ended March 31, 2022
Common Stock Share Activity (millions of shares)	Issued	Held in Treasury	Outstanding	Issued	Held in Treasury	Outstanding
Balance as of December 31	8,019	(3,937)	4,082	8,019	(3,780)	4,239
Acquisitions	—	(39)	(39)	—	(26)	(26)
Dispositions	—	—	—	—	—	—
Balance as of March 31	8,019	(3,976)	4,043	8,019	(3,806)	4,213
The information in the Notes to Condensed Consolidated Financial Statements is an integral part of these statements.

7

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

Note 1. Basis of Financial Statement Preparation

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 2022 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. Prior data has been reclassified in certain cases to conform to the current presentation basis.

The Corporation's exploration and production activities are accounted for under the "successful efforts" method.

Note 2. Russia

In response to Russia’s military action in Ukraine, the Corporation announced in early 2022 that it planned to discontinue operations on the Sakhalin-1 project (“Sakhalin”) and develop steps to exit the venture. In light of this, an impairment assessment was conducted, and management determined that the carrying value of the asset group was not recoverable. As a result, the Corporation’s first-quarter 2022 earnings included after-tax charges of $3.4 billion largely representing the full impairment of its operations related to Sakhalin. On a before-tax basis, the charges amounted to $4.6 billion, substantially all of which is reflected in the line captioned “Depreciation and depletion (includes impairments)” on the Condensed Consolidated Statement of Income. Effective October 14, 2022 the Russian government unilaterally terminated the Corporation’s interests in Sakhalin, transferring operations to a Russian operator. The Corporation’s fourth-quarter 2022 results included an after-tax benefit of $1.1 billion largely reflecting the impact of the expropriation on the company’s various obligations related to Sakhalin. The Corporation's exit from the project resulted in approximately 150 million oil-equivalent barrels no longer qualifying as proved reserves at year-end 2022.

8

Note 3. 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. ExxonMobil will continue to defend itself vigorously in these matters. Based on a consideration of all relevant facts and circumstances, the Corporation does not believe the ultimate outcome of any currently pending lawsuit against ExxonMobil will have a material adverse effect upon the Corporation's operations, financial condition, or financial statements taken as a whole.

Other Contingencies

The Corporation and certain of its consolidated subsidiaries were contingently liable at March 31, 2023, 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. These guarantees are not reasonably likely to have a material effect on the Corporation’s financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.

	March 31, 2023
(millions of dollars)	Equity Company Obligations (1)	Other Third-Party Obligations	Total
Guarantees
Debt-related	1,229	155	1,384
Other	739	5,385	6,124
Total	1,968	5,540	7,508
(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. In the first quarter and early April 2023, the Corporation entered into two long-term purchase agreements with an estimated total obligation of approximately $4.6 billion. As of March 31, undiscounted commitments for leases not yet commenced totaled $4.1 billion for operating leases and $2.3 billion for finance leases.

The operations and earnings of the Corporation and its affiliates throughout the world have been, and may in the future be, affected from time to time in varying degree by political developments and laws and regulations, such as forced divestiture of assets; restrictions on production, imports and exports; price controls; tax increases and retroactive tax claims; expropriation of property; cancellation of contract rights; sanctions and environmental regulations. Both the likelihood of such occurrences and their overall effect upon the Corporation vary greatly from country to country and are not predictable.

9

Note 4. 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, 2021	(11,499)	(2,265)	(13,764)
Current period change excluding amounts reclassified from accumulated other comprehensive income (1)	661	102	763
Amounts reclassified from accumulated other comprehensive income	—	87	87
Total change in accumulated other comprehensive income	661	189	850
Balance as of March 31, 2022	(10,838)	(2,076)	(12,914)
Balance as of December 31, 2022	(14,591)	1,321	(13,270)
Current period change excluding amounts reclassified from accumulated other comprehensive income (1)	157	14	171
Amounts reclassified from accumulated other comprehensive income	—	4	4
Total change in accumulated other comprehensive income	157	18	175
Balance as of March 31, 2023	(14,434)	1,339	(13,095)
(1) Cumulative Foreign Exchange Translation Adjustment includes net investment hedge gain/(loss) net of taxes of $(74) million and $79 million in 2023 and 2022, respectively.

Amounts Reclassified Out of Accumulated Other Comprehensive Income - Before-tax Income/(Expense) (millions of dollars)	Three Months Ended March 31,
	2023	2022
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)	(8)	(120)

Income Tax (Expense)/Credit For Components of Other Comprehensive Income (millions of dollars)	Three Months Ended March 31,
	2023	2022
Foreign exchange translation adjustment	48	(22)
Postretirement benefits reserves adjustment (excluding amortization)	11	(40)
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs	(2)	(27)
Total	57	(89)

10

Note 5. Earnings Per Share 

Earnings per common share	Three Months Ended March 31,
	2023	2022
Net income (loss) attributable to ExxonMobil (millions of dollars)	11,430	5,480
Weighted-average number of common shares outstanding (millions of shares)	4,102	4,266
Earnings (loss) per common share (dollars) (1)	2.79	1.28
Dividends paid per common share (dollars)	0.91	0.88
(1) The calculation of earnings (loss) per common share and earnings (loss) per common share – assuming dilution are the same in each     period shown.

Note 6. Pension and Other Postretirement Benefits 

(millions of dollars)	Three Months Ended March 31,
	2023	2022
Components of net benefit cost
Pension Benefits - U.S.
Service cost	120	179
Interest cost	166	129
Expected return on plan assets	(133)	(140)
Amortization of actuarial loss/(gain)	21	39
Amortization of prior service cost	(7)	(7)
Net pension enhancement and curtailment/settlement cost	8	37
Net benefit cost	175	237
Pension Benefits - Non-U.S.
Service cost	82	150
Interest cost	234	160
Expected return on plan assets	(174)	(213)
Amortization of actuarial loss/(gain)	14	47
Amortization of prior service cost	12	12
Net benefit cost	168	156
Other Postretirement Benefits
Service cost	20	40
Interest cost	70	55
Expected return on plan assets	(4)	(3)
Amortization of actuarial loss/(gain)	(30)	3
Amortization of prior service cost	(10)	(11)
Net benefit cost	46	84

11

Note 7. Financial Instruments and Derivatives

The estimated fair value of financial instruments and derivatives at March 31, 2023 and December 31, 2022, and the related hierarchy level for the fair value measurement was as follows:

	March 31, 2023
	Fair Value
(millions of dollars)	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)	5,122	2,372	—	7,494	(5,761)	(943)	—	790
Advances to/receivables from equity companies (2)(6)	—	2,440	5,165	7,605	—	—	614	8,219
Other long-term financial assets (3)	1,243	—	1,506	2,749	—	—	313	3,062
Liabilities
Derivative liabilities (4)	4,233	2,720	—	6,953	(5,761)	(60)	—	1,132
Long-term debt (5)	32,905	1,036	6	33,947	—	—	3,415	37,362
Long-term obligations to equity companies (6)	—	—	2,502	2,502	—	—	(126)	2,376
Other long-term financial liabilities (7)	—	—	713	713	—	—	40	753

 

	December 31, 2022
	Fair Value
(millions of dollars)	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)	4,309	3,455	—	7,764	(5,778)	(969)	—	1,017
Advances to/receivables from equity companies (2)(6)	—	2,406	4,958	7,364	—	—	685	8,049
Other long-term financial assets (3)	1,208	—	1,413	2,621	—	—	346	2,967
Liabilities
Derivative liabilities (4)	3,417	3,264	—	6,681	(5,778)	(79)	—	824
Long-term debt (5)	33,112	1,880	6	34,998	—	—	4,173	39,171
Long-term obligations to equity companies (6)	—	—	2,467	2,467	—	—	(129)	2,338
Other long-term financial liabilities (7)	—	—	679	679	—	—	38	717

(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) Included in the Balance Sheet lines: Investments, advances and long-term receivables and Other assets, including intangibles - net

(4) Included in the Balance Sheet lines: Accounts payable and accrued liabilities and Other long-term obligations

(5) Excluding finance lease obligations

(6) 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 company.

(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 March 31, 2023 and December 31, 2022, respectively, the Corporation had $884 million and $1,494 million of collateral under master netting arrangements not offset against the derivatives on the Consolidated Balance Sheet, primarily related to initial margin requirements.

12

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 March 31, 2023, the Corporation has designated $4.9 billion of its Euro-denominated long-term 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 $363 million and undrawn long-term committed lines of credit of $1,281 million as of first quarter 2023.

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". 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, 2023 and December 31, 2022, or results of operations for the periods ended March 31, 2023 and 2022.

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 March 31, 2023 and December 31, 2022, was as follows:

(millions)	March 31, 2023	December 31, 2022
Crude oil (barrels)	15	4
Petroleum products (barrels)	(48)	(52)
Natural gas (MMBTUs)	(29)	(64)

Realized and unrealized gains/(losses) on derivative instruments that were recognized in the Condensed Consolidated Statement of Income are included in the following lines on a before-tax basis:

(millions of dollars)	Three Months Ended March 31,
	2023	2022
Sales and other operating revenue	651	(2,535)
Crude oil and product purchases	(25)	(26)
Total	626	(2,561)

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Note 8. Disclosures about Segments and Related Information

(millions of dollars)	Three Months Ended March 31,
	2023	2022
Earnings (Loss) After Income Tax
Upstream
United States	1,632	2,376
Non-U.S. (1)	4,825	2,112
Energy Products
United States	1,910	489
Non-U.S.	2,273	(684)
Chemical Products
United States	324	770
Non-U.S.	47	636
Specialty Products
United States	451	246
Non-U.S.	323	230
Corporate and Financing (1)	(355)	(694)
Corporate total	11,430	5,480
Sales and Other Operating Revenue
Upstream
United States	2,770	2,656
Non-U.S.	5,387	6,343
Energy Products
United States	24,924	24,853
Non-U.S.	39,976	41,715
Chemical Products
United States	2,029	3,094
Non-U.S.	3,692	4,497
Specialty Products
United States	1,568	1,391
Non-U.S.	3,289	3,178
Corporate and Financing	9	7
Corporate total	83,644	87,734
Intersegment Revenue
Upstream
United States	4,956	6,191
Non-U.S.	9,399	10,835
Energy Products
United States	5,451	6,849
Non-U.S.	6,969	8,762
Chemical Products
United States	1,788	1,767
Non-U.S.	777	1,507
Specialty Products
United States	680	559
Non-U.S.	99	224
Corporate and Financing	64	57
(1) Results for 2022 include charges of $3.3 billion in non-U.S. Upstream and $0.1 billion in Corporate and Financing associated with the expropriation of the Corporation's interest in Sakhalin-1.

14

Geographic Sales and Other Operating Revenue
(millions of dollars)	Three Months Ended March 31,
	2023	2022
United States	31,291	31,994
Non-U.S.	52,353	55,740
Total	83,644	87,734
Significant Non-U.S. revenue sources include: (1)
United Kingdom	7,011	7,548
Canada	6,721	6,995
Singapore	3,731	4,322
France	3,484	4,356
Belgium	2,649	2,836
Italy	2,536	2,836
Australia	2,428	2,456
(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.

Revenue from Contracts with Customers

Sales and other operating revenue includes 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,
	2023	2022
Revenue from contracts with customers	64,304	68,816
Revenue outside the scope of ASC 606	19,340	18,918
Total	83,644	87,734

15

Note 9. Divestment Activities

In the first quarter, the Corporation completed the sale of Mobil California Exploration and Producing Asset Company, consisting of ExxonMobil's interest in the Aera Energy joint venture, to Green Gate Resources E, LLC. Cash flow related to the divestment was $0.6 billion in the first quarter, and the Corporation expects to receive additional consideration of $0.4 billion, primarily in 2023. The net book value of the assets divested was $1.1 billion.

In January 2023, the Corporation executed an agreement with Bangchak Corporation to sell its interest in Esso Thailand Ltd. that includes the Sriracha Refinery, select distribution terminals, and a network of retail stations. The transaction is anticipated to close in third quarter 2023.

In November 2022, the Corporation executed an agreement for the sale of the Santa Ynez Unit and associated assets in California. The agreement is subject to certain conditions precedent and government approvals and does not yet meet held-for-sale criteria under ASC 360. Should the conditions precedent be met and the potential transaction close, the Corporation would expect to recognize a loss of up to $2 billion.

In February 2022, the Corporation signed an agreement with Seplat Energy Offshore Limited for the sale of Mobil Producing Nigeria Unlimited. The agreement is subject to certain conditions precedent and government approvals. In mid-2022, a Nigerian court issued an order to halt transition activities and enter into arbitration with the Nigerian National Petroleum Company. The closing date and any loss on sale will depend on resolution of these matters.

16

ITEM 2. MANAGEMENT'S DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

Overview

During the first quarter of 2023 the price of crude oil decreased as the global oil market saw higher inventory levels; however prices remained above the 10-year average (2010-2019). The increase in inventory levels was followed by an early April announcement from OPEC+ oil producers to further reduce oil output. Natural gas prices remained above the 10-year range, despite declining significantly in the quarter as milder weather eased demand for natural gas heating, allowing storage levels to increase above historical averages in the United States and Europe. While moderating slightly from the fourth quarter of 2022, refining margins remained above the 10-year range due to low inventory levels of petroleum products. While chemical margins remained below the 10-year range due to continued bottom-of-cycle conditions in Asia Pacific, margins in North America improved on lower energy and feed costs.

The Corporation’s first quarter results include after-tax charges of $0.2 billion related to additional European taxes imposed on the energy sector, mainly reflected in the line “Income tax expense (benefit).” The enactment of regulations in late 2022 by European Member States and other countries imposed mandatory taxes on certain companies active in the crude petroleum, coal, natural gas, and refinery sectors.

FUNCTIONAL EARNINGS SUMMARY

Earnings (loss) excluding Identified Items (non-GAAP) are earnings (loss) excluding individually significant non-operational events with, typically, an absolute corporate total earnings impact of at least $250 million in a given quarter. The earnings (loss) impact of an identified item for an individual segment may be less than $250 million when the item impacts several periods or several segments. Earnings (loss) excluding Identified Items does include non-operational earnings events or impacts that are generally below the $250 million threshold utilized for Identified Items. Management uses these figures to improve comparability of the underlying business across multiple periods by isolating and removing significant non-operational events from business results. The Corporation believes this view provides investors increased transparency into business results and trends and provides investors with a view of the business as seen through the eyes of management. Earnings (loss) excluding Identified Items is not meant to be viewed in isolation or as a substitute for net income (loss) attributable to ExxonMobil as prepared in accordance with U.S. GAAP.

Three Months Ended March 31, 2023	Upstream		Energy Products		Chemical Products		Specialty Products		Corporate and Financing	Total
(millions of dollars)	U.S.	Non-U.S.	U.S.	Non-U.S.	U.S.	Non-U.S.	U.S.	Non-U.S.
Earnings (loss) (U.S. GAAP)	1,632	4,825	1,910	2,273	324	47	451	323	(355)	11,430
Identified Items
Tax-related items	—	(158)	—	(30)	—	—	—	—	—	(188)
Earnings (loss) excluding Identified Items (Non-GAAP)	1,632	4,983	1,910	2,303	324	47	451	323	(355)	11,618
Three Months Ended March 31, 2022	Upstream		Energy Products		Chemical Products		Specialty Products		Corporate and Financing	Total
(millions of dollars)	U.S.	Non-U.S.	U.S.	Non-U.S.	U.S.	Non-U.S.	U.S.	Non-U.S.
Earnings (loss) (U.S. GAAP)	2,376	2,112	489	(684)	770	636	246	230	(694)	5,480
Identified Items
Impairments	—	(2,877)	—	—	—	—	—	—	(98)	(2,975)
Other	—	(378)	—	—	—	—	—	—	—	(378)
Earnings (loss) excluding Identified Items (Non-GAAP)	2,376	5,367	489	(684)	770	636	246	230	(596)	8,833

References in this discussion to Corporate earnings (loss) mean net income (loss) attributable to ExxonMobil (U.S. GAAP) from the Condensed Consolidated Statement of Income. Unless otherwise indicated, references to earnings (loss); Upstream, Energy Products, Chemical Products, Specialty Products, and Corporate and Financing earnings (loss); and earnings (loss) per share are ExxonMobil's share after excluding amounts attributable to noncontrolling interests.

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

17

REVIEW OF FIRST QUARTER 2023 RESULTS

ExxonMobil’s first quarter 2023 earnings were $11.4 billion, or $2.79 per share assuming dilution, compared with earnings of $5.5 billion a year earlier. The increase in earnings was driven by higher Energy Products and Specialty Products margins as well as increased volume and improved mix. Capital and exploration expenditures were $6.4 billion, up $1.5 billion from first quarter 2022.

UPSTREAM

Upstream Financial Results
(millions of dollars)	Three Months Ended March 31,
	2023	2022
Earnings (loss) (U.S. GAAP)
United States	1,632	2,376
Non-U.S.	4,825	2,112
Total	6,457	4,488
Identified Items (1)
United States	—	—
Non-U.S.	(158)	(3,255)
Total	(158)	(3,255)
Earnings (loss) excluding Identified Items (1) (Non-GAAP)
United States	1,632	2,376
Non-U.S.	4,983	5,367
Total	6,615	7,743

Upstream First Quarter Earnings Factor Analysis

(millions of dollars)

Price – Price impacts, driven by a 23% decrease in average crude realizations, decreased earnings by $1,750 million.

Volume/Mix – Higher production volumes increased earnings by $620 million. Advantaged projects growth in Guyana and Permian more than offset the impact from divestments and the Russia expropriation.

Identified Items (1) – 1Q 2022 $(3,255) million loss as a result of the Russia expropriation. 1Q 2023 $(158) million loss from additional European taxes.

(1) Refer to Functional Earnings Summary for definition of Identified Items and earnings (loss) excluding Identified Items.

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Upstream Operational Results
	Three Months Ended March 31,
	2023	2022
Net production of crude oil, natural gas liquids, bitumen and synthetic oil (thousands of barrels daily)
United States	820	753
Canada/Other Americas	670	474
Europe	4	4
Africa	220	257
Asia	749	738
Australia/Oceania	32	40
Worldwide	2,495	2,266
Net natural gas production available for sale (millions of cubic feet daily)
United States	2,367	2,777
Canada/Other Americas	94	182
Europe	548	770
Africa	134	58
Asia	3,597	3,340
Australia/Oceania	1,276	1,325
Worldwide	8,016	8,452
Oil-equivalent production (1) (thousands of oil-equivalent barrels daily)	3,831	3,675
(1) Natural gas is converted to an oil-equivalent basis at six million cubic feet per one thousand barrels.

19

Upstream Additional Information
(thousands of barrels daily)	Three Months Ended March 31, 2023
Volumes reconciliation (Oil-equivalent production) (1)
2022	3,675
Entitlements - Net Interest	(65)
Entitlements - Price / Spend / Other	55
Government Mandates	4
Divestments	(133)
Growth / Other	295
2023	3,831
(1) Natural gas is converted to an oil-equivalent basis at six million cubic feet per one thousand barrels.

1Q 2023 versus 1Q 2022 3.8 million oil-equivalent barrels per day in 1Q 2023 increased 156 thousand oil-equivalent barrels per day from 1Q 2022. Growth in Guyana and the Permian more than offset the impacts from divestments and the Russia expropriation. 1Q 2023 production also benefited from lower downtime and higher entitlements due to lower prices.

Listed below are descriptions of ExxonMobil’s volumes reconciliation factors 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 factors. These factors 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 and Other are changes to ExxonMobil’s share of production volumes resulting from temporary changes to non-operational volume-determining factors. These factors 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 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 factors 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 temporary non-operational production limits or sanctions imposed by governments, generally upon a country, sector, type or method of production. 

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 factors not covered by the above definitions that may affect volumes attributable to ExxonMobil. Such factors 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.

20

ENERGY PRODUCTS

Energy Products Financial Results
(millions of dollars)	Three Months Ended March 31,
	2023	2022
Earnings (loss) (U.S. GAAP)
United States	1,910	489
Non-U.S.	2,273	(684)
Total	4,183	(196)
Identified Items (1)
United States	—	—
Non-U.S.	(30)	—
Total	(30)	—
Earnings (loss) excluding Identified Items (1) (Non-GAAP)
United States	1,910	489
Non-U.S.	2,303	(684)
Total	4,213	(196)
Due to rounding, numbers presented may not add up precisely to the totals indicated.

Energy Products First Quarter Earnings Factor Analysis

(millions of dollars)

Margins – Higher margins increased earnings by $4,520 million due to stronger industry refining margins, as well as marketing and trading contributions.

Volume/Mix – Favorable volume and mix impacts partly offset by increased scheduled maintenance increased earnings by $150 million.

Other – All other items, including higher maintenance costs, decreased earnings by $260 million.

Identified Items (1) – 1Q 2023 $(30) million loss from additional European taxes.

(1) Refer to Functional Earnings Summary for definition of Identified Items and earnings (loss) excluding Identified Items.

21

Energy Products Operational Results
(thousands of barrels daily)	Three Months Ended March 31,
	2023	2022
Refinery throughput
United States	1,643	1,685
Canada	417	399
Europe	1,189	1,193
Asia Pacific	565	537
Other	184	169
Worldwide	3,998	3,983
Energy Products sales (1)
United States	2,459	2,262
Non-U.S.	2,818	2,849
Worldwide	5,277	5,111
Gasoline, naphthas	2,177	2,114
Heating oils, kerosene, diesel	1,770	1,722
Aviation fuels	312	289
Heavy fuels	215	249
Other energy products	803	737
(1) Data reported net of purchases/sales contracts with the same counterparty.
Due to rounding, numbers presented may not add up precisely to the totals indicated.

22

CHEMICAL PRODUCTS

Chemical Products Financial Results
(millions of dollars)	Three Months Ended March 31,
	2023	2022
Earnings (loss) (U.S. GAAP)
United States	324	770
Non-U.S.	47	636
Total	371	1,405
Earnings (loss) excluding Identified Items (1) (Non-GAAP)
United States	324	770
Non-U.S.	47	636
Total	371	1,405
(1) Refer to Functional Earnings Summary for definition of Identified Items and earnings (loss) excluding Identified Items.
Due to rounding, numbers presented may not add up precisely to the totals indicated.

Chemical Products First Quarter Earnings Factor Analysis

(millions of dollars)

Margins – Weaker industry margins decreased earnings by $570 million.

Volume/Mix – Lower sales decreased earnings by $280 million, reflecting softening market conditions.

Other – All other items decreased earnings by $180 million, driven by higher scheduled maintenance expense.

Chemical Products Operational Results
(thousands of metric tons)	Three Months Ended March 31,
	2023	2022
Chemical Products sales (1)
United States	1,561	2,032
Non-U.S.	3,088	2,986
Worldwide	4,649	5,018
(1) Data reported net of purchases/sales contracts with the same counterparty.

23

SPECIALTY PRODUCTS

Specialty Products Financial Results
(millions of dollars)	Three Months Ended March 31,
	2023	2022
Earnings (loss) (U.S. GAAP)
United States	451	246
Non-U.S.	323	230
Total	774	476
Earnings (loss) excluding Identified Items (1) (Non-GAAP)
United States	451	246
Non-U.S.	323	230
Total	774	476
(1) Refer to Functional Earnings Summary for definition of Identified Items and earnings (loss) excluding Identified Items.

Specialty Products First Quarter Earnings Factor Analysis

(millions of dollars)

Margins – Improved margins, primarily related to basestocks, increased earnings by $390 million.

Volume/Mix – Unfavorable volume mix effects decreased earnings by $10 million.

Other – All other items, including negative foreign exchange impacts, decreased earnings by $80 million.

Specialty Products Operational Results
(thousands of metric tons)	Three Months Ended March 31,
	2023	2022
Specialty Products sales (1)
United States	476	522
Non-U.S.	1,464	1,484
Worldwide	1,940	2,006
(1) Data reported net of purchases/sales contracts with the same counterparty.

24

CORPORATE AND FINANCING

Corporate and Financing Financial Results
(millions of dollars)	Three Months Ended March 31,
	2023	2022
Earnings (loss) (U.S. GAAP)	(355)	(694)
Identified Items (1)	—	(98)
Earnings (loss) excluding Identified Items (1) (Non-GAAP)	(355)	(596)
(1) Refer to Functional Earnings Summary for definition of Identified Items and earnings (loss) excluding Identified Items.

Corporate and Financing expenses were $355 million for the first quarter of 2023, $339 million lower than the first quarter of 2022, reflecting lower financing costs and the absence of an identified item associated with the expropriation of the Corporation's interest in Sakhalin-1.

25

LIQUIDITY AND CAPITAL RESOURCES

(millions of dollars)	Three Months Ended March 31,
	2023	2022
Net cash provided by/(used in)
Operating activities	16,341	14,788
Investing activities	(4,925)	(3,945)
Financing activities	(8,507)	(6,713)
Effect of exchange rate changes	102	142
Increase/(decrease) in cash and cash equivalents	3,011	4,272
Cash and cash equivalents (at end of period)	32,676	11,074
Cash flow from operations and asset sales
Net cash provided by operating activities (U.S. GAAP)	16,341	14,788
Proceeds associated with sales of subsidiaries, property, plant & equipment, and sales and returns of investments	854	293
Cash flow from operations and asset sales (Non-GAAP)	17,195	15,081
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 2023 was $17.2 billion, an increase of $2.1 billion from the comparable 2022 period primarily reflecting higher earnings.

Cash provided by operating activities totaled $16.3 billion for the first three months of 2023, $1.6 billion higher than 2022. Net income including noncontrolling interests was $11.8 billion, an increase of $6.1 billion from the prior year period. The adjustment for the noncash provision of $4.2 billion for depreciation and depletion was down $4.6 billion from 2022. Changes in operational working capital were a reduction of $0.3 billion, compared to a contribution of $1.1 billion in the prior year period. All other items net increased cash flows by $0.6 billion in 2023 versus a reduction of $0.9 billion in 2022. See the Condensed Consolidated Statement of Cash Flows for additional details.

Investing activities for the first three months of 2023 used net cash of $4.9 billion, an increase of $1.0 billion compared to the prior year. Spending for additions to property, plant and equipment of $5.4 billion was $1.5 billion higher than 2022. Proceeds from asset sales were $0.9 billion. Net investments and advances increased $0.1 billion to $0.4 billion.

Net cash used in financing activities was $8.5 billion in the first three months of 2023, including $4.3 billion for the purchase of 39.3 million shares of ExxonMobil stock, as part of the previously announced buyback program. This compares to net cash used in financing activities of $6.7 billion in the prior year. Total debt at the end of the first quarter of 2023 was $41.4 billion compared to $41.2 billion at year-end 2022. The Corporation's debt to total capital ratio was 16.7 percent at the end of the first quarter of 2023 compared to 16.9 percent at year-end 2022. The net debt to capital ratio was 4.1 percent at the end of the first quarter, a decrease of 1.3 percentage points from year-end 2022. 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 $3.7 billion to shareholders in the first three months of 2023 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. The Corporation had undrawn short-term committed lines of credit of $0.4 billion and undrawn long-term committed lines of credit of $1.3 billion as of first quarter 2023.

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, potential for future growth and attractive current valuations. Acquisitions may be made with cash, shares of the Corporation’s common stock, or both.

Litigation, other contingencies, and contractual obligations are discussed in Note 3 to the unaudited condensed consolidated financial statements.

26

TAXES

(millions of dollars)	Three Months Ended March 31,
	2023		2022
Income taxes	4,960		2,806
Effective income tax rate	34	%	40	%
Total other taxes and duties (1)	8,095		8,449
Total	13,055		11,255
(1) Includes “Other taxes and duties” plus taxes that are included in “Production and manufacturing expenses” and “Selling, general and administrative expenses”.

Total taxes were $13.1 billion for the first quarter of 2023, an increase of $1.8 billion from 2022. Income tax expense was $5.0 billion compared to $2.8 billion in the prior year reflecting higher commodity prices. The effective income tax rate of 34 percent declined from the 40 percent rate in the prior year period due primarily to a change in mix of results in jurisdictions with varying tax rates and one-time impacts in the prior period. Total other taxes and duties decreased by $0.4 billion to $8.1 billion.

CAPITAL AND EXPLORATION EXPENDITURES

(millions of dollars)	Three Months Ended March 31,
	2023	2022
Upstream (including exploration expenses)	4,581	3,879
Energy Products	685	566
Chemical Products	831	436
Specialty Products	91	23
Other	192	—
Total	6,380	4,904

Capital and exploration expenditures in the first quarter of 2023 were $6.4 billion, up $1.5 billion from the first quarter of 2022. The Corporation plans to invest in the range of $23 billion to $25 billion in 2023. Actual spending could vary depending on the progress of individual projects and property acquisitions.

27

FORWARD-LOOKING STATEMENTS

Statements related to outlooks; projections; descriptions of strategic, operating, and financial plans and objectives; statements of future ambitions and plans; and other statements of future events or conditions in this report, are forward-looking statements. Similarly, discussion of future carbon capture, transportation and storage, as well as biofuel, hydrogen, and other plans to reduce emissions are dependent on future market factors, such as continued technological progress, policy support and timely rule-making and permitting, and represent forward-looking statements. Actual future results, including financial and operating performance; total capital expenditures and mix, including allocations of capital to low carbon solutions; structural earnings improvement and structural cost reductions and efficiency gains, including the ability to offset inflationary pressure; plans to reduce future emissions and emissions intensity; ambitions to reach Scope 1 and Scope 2 net zero from operated assets by 2050, plans to reach net zero Scope 1 and 2 emissions in Upstream Permian Basin unconventional operated assets by 2030, eliminating routine flaring in-line with World Bank Zero Routine Flaring, reaching near-zero methane emissions from its operations, meeting ExxonMobil’s emission reduction goals and plans, divestment and start-up plans, and associated project plans as well as technology efforts, timing and outcome of projects related to the capture, transportation and storage of CO2, and produced biofuels; changes in law, taxes, or regulation including environmental regulations, trade sanctions, and timely granting of governmental permits and certifications; timing and outcome of hydrogen projects; cash flow, dividends and shareholder returns, including the timing and amounts of share repurchases; future debt levels and credit ratings; business and project plans, timing, costs, capacities and returns; and resource recoveries and production rates could differ materially due to a number of factors. These include global or regional changes in the supply and demand for oil, natural gas, petrochemicals, and feedstocks and other market factors, economic conditions, and seasonal fluctuations that impact prices and differentials for our products; government policies supporting lower carbon investment opportunities such as the U.S. Inflation Reduction Act or policies limiting the attractiveness of future investment such as the additional European tax on the energy sector; variable impacts of trading activities on our margins and results each quarter; actions of competitors and commercial counterparties; the outcome of commercial negotiations, including final agreed terms and conditions; the ability to access debt markets; the ultimate impacts of COVID-19 or other public health crises, including the effects of government responses on people and economies; reservoir performance, including variability and timing factors applicable to unconventional resources; the level and outcome of exploration projects and decisions to invest in future reserves; timely completion of development and other construction projects; final management approval of future projects and any changes in the scope, terms, or costs of such projects as approved; changes in law, taxes, or regulation including environmental regulations, trade sanctions, and timely granting of governmental permits and certifications; government policies and support and market demand for low carbon technologies; war, civil unrest, attacks against the company or industry, and other political or security disturbances; expropriations, seizure, or capacity, insurance or shipping limitations by foreign governments or laws; opportunities for potential investments or divestments and satisfaction of applicable conditions to closing, including regulatory approvals; the capture of efficiencies within and between business lines and the ability to maintain near-term cost reductions as ongoing efficiencies; unforeseen technical or operating difficulties and unplanned maintenance; the development and competitiveness of alternative energy and emission reduction technologies; the results of research programs and the 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 2022 Form 10-K.

Forward-looking and other statements regarding our environmental, social and other sustainability efforts and aspirations are not an indication that these statements are necessarily material to investors or requiring disclosure in our filing with the SEC. In addition, historical, current, and forward-looking environmental, social and 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.

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.

28

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Information about market risks for the three months ended March 31, 2023, does not differ materially from that discussed under Item 7A of the registrant's Annual Report on Form 10-K for 2022.

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, 2023. 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.

29

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

ExxonMobil has elected to use a $1 million threshold for disclosing environmental proceedings.

As reported in the Corporation’s Form 10-Q for the third quarter of 2022, ExxonMobil appealed to the U.S. Court of Appeals for the Fifth Circuit a judgment of the United States District Court for the Southern District of Texas entered on April 26, 2017, in a citizen suit captioned Environment Texas Citizen Lobby, Inc. et al. v. Exxon Mobil Corporation, relating to alleged Clean Air Act and other violations at the Baytown complex. The U.S. District Court had awarded approximately $20 million in civil penalties, payable to the United States Treasury. On July 29, 2020, the Fifth Circuit vacated the U.S. District Court’s penalty award and remanded the case back to the District Court for further proceedings. On March 2, 2021, the U.S. District Court awarded $14.25 million in civil penalties, payable to the United States Treasury. ExxonMobil filed its appeal of the judgment in the U.S. Court of Appeals for the Fifth Circuit on April 12, 2021. On August 30, 2022, the Fifth Circuit affirmed the U.S. District Court’s revised penalty award of $14.25 million. On February 17, 2023, the Fifth Circuit granted ExxonMobil’s motion for rehearing en banc.

Refer to the relevant portions of Note 3 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, 2023
	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)
January 2023	12,526,472	$111.81	12,517,807	$33.6
February 2023	11,737,763	$113.24	11,737,763	$32.3
March 2023	15,039,938	$107.07	15,039,938	$30.7
Total	39,304,173	$110.42	39,295,508
(1) Includes shares withheld from participants in the company's incentive program for personal income taxes.
(2) Excludes 1% excise tax on stock repurchases of $45M.
(3) In its 2022 Corporate Plan Update released December 8, 2022, the Corporation stated that the company expanded its share     repurchase program to up to $50 billion through 2024.

During the first quarter, the Corporation did not issue or sell any unregistered equity securities.

ITEM 6. EXHIBITS

See Index to Exhibits of this report.

30

INDEX TO EXHIBITS

Exhibit	Description
31.1	Certification (pursuant to Securities Exchange Act Rule 13a-14(a)) by Chief Executive Officer.
31.2	Certification (pursuant to Securities Exchange Act Rule 13a-14(a)) by Chief Financial Officer.
31.3	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.
32.2	Section 1350 Certification (pursuant to Sarbanes-Oxley Section 906) by Chief Financial Officer.
32.3	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).

31

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 2, 2023	By:	/s/ LEN M. FOX
		Len M. Fox
		Vice President, Controller and
		Principal Accounting Officer

32

EX-31.1

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 2, 2023

/s/ DARREN W. WOODS

Darren W. Woods

Chief Executive Officer

EX-31.2

EXHIBIT 31.2

Certification by Kathryn A. Mikells

Pursuant to Securities Exchange Act Rule 13a-14(a)

I, Kathryn A. Mikells, 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 2, 2023

/s/ KATHRYN A. MIKELLS

Kathryn A. Mikells

Senior Vice President and Chief Financial Officer

EX-31.3

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 2, 2023

/s/ LEN M. FOX

Len M. Fox

Vice President and Controller

(Principal Accounting Officer)

EX-32.1

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, 2023, 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 2, 2023

/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.

EX-32.2

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, Kathryn A. Mikells, the chief financial officer of Exxon Mobil Corporation (the “Company”), hereby certifies that, to her knowledge:

(i)the Quarterly Report on Form 10-Q of the Company for the quarter ended March 31, 2023, 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 2, 2023

/s/ KATHRYN A. MIKELLS

Kathryn A. Mikells

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.

EX-32.3

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, 2023, 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 2, 2023

/s/ LEN M. FOX

Len M. Fox

Vice President and Controller

(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.

XML

Document And Entity Information	3 Months Ended
	Mar. 31, 2023 shares
Cover [Abstract]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2023
Document Transition Report	false
Entity File Number	1-2256
Entity Registrant Name	Exxon Mobil Corporation
Entity Incorporation, State or Country Code	NJ
Entity Tax Identification Number	13-5409005
Entity Address, Address Line One	5959 Las Colinas Boulevard
Entity Address, City or Town	Irving
Entity Address State or Province	TX
Entity Address, Postal Zip Code	75039-2298
City Area Code	972
Local Phone Number	940-6000
Document Information [Line Items]
Entity Current Reporting Status	Yes
Entity Interactive Data Current	Yes
Entity Filer Category	Large Accelerated Filer
Entity Small Business	false
Entity Emerging Growth Company	false
Entity Shell Company	false
Entity Common Stock, Shares Outstanding	4,042,984,946
Amendment Flag	false
Entity Central Index Key	0000034088
Document Fiscal Year Focus	2023
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Common Stock, without par value [Member]
Document Information [Line Items]
Security 12(b) Title	Common Stock, without par value
Trading Symbol	XOM
Security Exchange Name	NYSE
0.142% Notes Due 2024 [Member]
Document Information [Line Items]
Security 12(b) Title	0.142% Notes due 2024
Trading Symbol	XOM24B
Security Exchange Name	NYSE
0.524% Notes Due 2028 [Member]
Document Information [Line Items]
Security 12(b) Title	0.524% Notes due 2028
Trading Symbol	XOM28
Security Exchange Name	NYSE
0.835% Notes Due 2032 [Member]
Document Information [Line Items]
Security 12(b) Title	0.835% Notes due 2032
Trading Symbol	XOM32
Security Exchange Name	NYSE
1.408% Notes Due 2039 [Member]
Document Information [Line Items]
Security 12(b) Title	1.408% Notes due 2039
Trading Symbol	XOM39A
Security Exchange Name	NYSE

XML

Condensed Consolidated Statement Of Income - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Revenues and other income
Total	$ 86,564	$ 90,500
Costs and other deductions
Crude oil and product purchases	46,003	52,388
Production and manufacturing expenses	9,436	10,241
Selling, general and administrative expenses	2,390	2,409
Depreciation and depletion (includes impairments)	4,244	8,883
Exploration expenses, including dry holes	141	173
Non-service pension and postretirement benefit expense	167	108
Interest expense	159	188
Other taxes and duties	7,221	7,554
Total costs and other deductions	69,761	81,944
Income (loss) before income taxes	16,803	8,556
Income tax expense (benefit)	4,960	2,806
Net income (loss) including noncontrolling interests	11,843	5,750
Net income (loss) attributable to noncontrolling interests	413	270
Net income (loss) attributable to ExxonMobil	$ 11,430	$ 5,480
Earnings (loss) per common share, basic (in dollars per share)	$ 2.79	$ 1.28
Earnings (loss) per common share, diluted (in dollars per share)	$ 2.79	$ 1.28
Sales and other operating revenue
Revenues and other income
Total	$ 83,644	$ 87,734
Income from equity affiliates
Revenues and other income
Total	2,381	2,538
Other income
Revenues and other income
Total	$ 539	$ 228

XML

Condensed Consolidated Statement Of Comprehensive Income - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Statement of Comprehensive Income [Abstract]
Net income (loss) including noncontrolling interests	$ 11,843	$ 5,750
Other comprehensive income (loss) (net of income taxes)
Foreign exchange translation adjustment	173	741
Postretirement benefits reserves adjustment (excluding amortization)	19	105
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs	6	93
Total other comprehensive income (loss)	198	939
Comprehensive income (loss) including noncontrolling interests	12,041	6,689
Comprehensive income (loss) attributable to noncontrolling interests	436	359
Comprehensive income (loss) attributable to ExxonMobil	$ 11,605	$ 6,330

XML

Condensed Consolidated Balance Sheet - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Current assets
Cash and cash equivalents	$ 32,651	$ 29,640
Cash and cash equivalents – restricted	25	25
Notes and accounts receivable – net	38,808	41,749
Inventories
Crude oil, products and merchandise	19,458	20,434
Materials and supplies	4,184	4,001
Other current assets	2,098	1,782
Total current assets	97,224	97,631
Investments, advances and long-term receivables	49,044	49,793
Property, plant and equipment – net	206,023	204,692
Other assets, including intangibles – net	17,080	16,951
Total Assets	369,371	369,067
Current liabilities
Notes and loans payable	2,296	634
Accounts payable and accrued liabilities	59,935	63,197
Income taxes payable	4,435	5,214
Total current liabilities	66,666	69,045
Long-term debt	39,150	40,559
Postretirement benefits reserves	10,183	10,045
Deferred income tax liabilities	23,195	22,874
Long-term obligations to equity companies	2,376	2,338
Other long-term obligations	21,387	21,733
Total Liabilities	162,957	166,594
Commitments and contingencies (Note 3)
Equity
Common stock without par value (9,000 million shares authorized, 8,019 million shares issued)	15,904	15,752
Earnings reinvested	440,552	432,860
Accumulated other comprehensive income	(13,095)	(13,270)
Common stock held in treasury (3,976 million shares at March 31, 2023 and 3,937 million shares at December 31, 2022)	(244,676)	(240,293)
ExxonMobil share of equity	198,685	195,049
Noncontrolling interests	7,729	7,424
Total Equity	206,414	202,473
Total Liabilities and Equity	$ 369,371	$ 369,067

XML

Condensed Consolidated Balance Sheet (Parenthetical) - $ / shares shares in Millions	Mar. 31, 2023	Dec. 31, 2022
Statement of Financial Position [Abstract]
Common stock, without par value
Common stock, shares authorized	9,000	9,000
Common stock, shares, issued	8,019	8,019
Balance (in shares) - in treasury	3,976	3,937

XML

Condensed Consolidated Statement Of Cash Flows - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Cash flows from operating activities
Net income (loss) including noncontrolling interests	$ 11,843	$ 5,750
Depreciation and depletion (includes impairments)	4,244	8,883
Changes in operational working capital, excluding cash and debt	(302)	1,086
All other items – net	556	(931)
Net cash provided by operating activities	16,341	14,788
Cash flows from investing activities
Additions to property, plant and equipment	(5,412)	(3,911)
Proceeds from asset sales and returns of investments	854	293
Additional investments and advances	(445)	(417)
Other investing activities including collection of advances	78	90
Net cash used in investing activities	(4,925)	(3,945)
Cash flows from financing activities
Additions to long-term debt	20	0
Reductions in short-term debt	(126)	(2,098)
Additions/(reductions) in debt with three months or less maturity	(192)	1,366
Cash dividends to ExxonMobil shareholders	(3,738)	(3,760)
Cash dividends to noncontrolling interests	(115)	(60)
Changes in noncontrolling interests	(16)	(94)
Common stock acquired	(4,340)	(2,067)
Net cash used in financing activities	(8,507)	(6,713)
Effects of exchange rate changes on cash	102	142
Increase/(decrease) in cash and cash equivalents	3,011	4,272
Cash and cash equivalents at beginning of period	29,665	6,802
Cash and cash equivalents at end of period	32,676	11,074
Supplemental Disclosures
Income taxes paid	4,404	1,798
Cash interest paid
Cash interest paid - Included in cash flows from operating activities	256	319
Cash interest paid - Capitalized, included in cash flows from investing activities	291	187
Total cash interest paid	547	506
Noncash right of use assets recorded in exchange for lease liabilities
Noncash right of use assets recorded in exchange for lease liabilities - Operating leases	393	240
Noncash right of use assets recorded in exchange for lease liabilities - Finance leases	$ 438	$ 656

XML

Condensed Consolidated Statement Of Changes In Equity - USD ($) shares in Millions, $ in Millions	Total	ExxonMobil Share Of Common Stock [Member]	ExxonMobil Share Of Earnings Reinvested [Member]	ExxonMobil Share Of Accumulated Other Comprehensive Income [Member]	ExxonMobil Share Of Common Stock Held In Treasury [Member]	ExxonMobil Share of Equity [Member]	Noncontrolling Interest [Member]
Balance at Dec. 31, 2021	$ 175,683	$ 15,746	$ 392,059	$ (13,764)	$ (225,464)	$ 168,577	$ 7,106
Common Stock, Shares, Issued at Dec. 31, 2021	(8,019)
Treasury Stock, Common, Shares at Dec. 31, 2021	(3,780)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Treasury stock, shares, acquired (in shares)	(26)
Balance (in shares) - outstanding at Dec. 31, 2021	4,239
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Amortization of stock-based awards	$ 138	138				138
Other	9	(5)				(5)	14
Net income (loss) for the period	5,750		5,480			5,480	270
Dividends - common shares (company)			(3,760)			(3,760)
Dividends - common shares (NCI)							(60)
Dividends - common shares (total)	(3,820)
Other comprehensive income (loss)	939			850		850	89
Acquisitions, at cost (company)					(2,067)	(2,067)
Acquisitions, at cost (NCI)							(108)
Acquisitions, at cost (total)	(2,175)
Dispositions	2				2	2
Balance at Mar. 31, 2022	$ 176,526	15,879	393,779	(12,914)	(227,529)	169,215	7,311
Common Stock, Shares, Issued at Mar. 31, 2022	(8,019)
Balance (in shares) - in treasury at Mar. 31, 2022	(3,806)
Balance (in shares) - outstanding at Mar. 31, 2022	4,213
Balance at Dec. 31, 2022	$ 202,473	15,752	432,860	(13,270)	(240,293)	195,049	7,424
Common Stock, Shares, Issued at Dec. 31, 2022	(8,019)
Treasury Stock, Common, Shares at Dec. 31, 2022	(3,937)
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Treasury stock, shares, acquired (in shares)	(39)
Balance (in shares) - outstanding at Dec. 31, 2022	4,082
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Amortization of stock-based awards	$ 158	158				158
Other	(22)	(6)				(6)	(16)
Net income (loss) for the period	11,843		11,430			11,430	413
Dividends - common shares (company)			(3,738)			(3,738)
Dividends - common shares (NCI)							(115)
Dividends - common shares (total)	(3,853)
Other comprehensive income (loss)	198			175		175	23
Acquisitions, at cost (company)					(4,385)	(4,385)
Acquisitions, at cost (total)	(4,385)
Dispositions	2				2	2
Balance at Mar. 31, 2023	$ 206,414	$ 15,904	$ 440,552	$ (13,095)	$ (244,676)	$ 198,685	$ 7,729
Common Stock, Shares, Issued at Mar. 31, 2023	(8,019)
Balance (in shares) - in treasury at Mar. 31, 2023	(3,976)
Balance (in shares) - outstanding at Mar. 31, 2023	4,043

XML

Basis Of Financial Statement Preparation

3 Months Ended

Mar. 31, 2023

Basis Of Financial Statement Preparation [Abstract]

Basis Of Financial Statement Preparation

Basis of Financial Statement Preparation

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 2022 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. Prior data has been reclassified in certain cases to conform to the current presentation basis.

The Corporation's exploration and production activities are accounted for under the "successful efforts" method.

XML

Russia	3 Months Ended
	Mar. 31, 2023
Impairment or Disposal of Tangible Assets Disclosure [Abstract]
Russia	RussiaIn response to Russia’s military action in Ukraine, the Corporation announced in early 2022 that it planned to discontinue operations on the Sakhalin-1 project (“Sakhalin”) and develop steps to exit the venture. In light of this, an impairment assessment was conducted, and management determined that the carrying value of the asset group was not recoverable. As a result, the Corporation’s first-quarter 2022 earnings included after-tax charges of $3.4 billion largely representing the full impairment of its operations related to Sakhalin. On a before-tax basis, the charges amounted to $4.6 billion, substantially all of which is reflected in the line captioned “Depreciation and depletion (includes impairments)” on the Condensed Consolidated Statement of Income. Effective October 14, 2022 the Russian government unilaterally terminated the Corporation’s interests in Sakhalin, transferring operations to a Russian operator. The Corporation’s fourth-quarter 2022 results included an after-tax benefit of $1.1 billion largely reflecting the impact of the expropriation on the company’s various obligations related to Sakhalin. The Corporation's exit from the project resulted in approximately 150 million oil-equivalent barrels no longer qualifying as proved reserves at year-end 2022.

XML

Litigation And Other Contingencies

3 Months Ended

Mar. 31, 2023

Loss Contingency [Abstract]

Litigation And Other Contingencies

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. ExxonMobil will continue to defend itself vigorously in these matters. Based on a consideration of all relevant facts and circumstances, the Corporation does not believe the ultimate outcome of any currently pending lawsuit against ExxonMobil will have a material adverse effect upon the Corporation's operations, financial condition, or financial statements taken as a whole.

Other Contingencies

The Corporation and certain of its consolidated subsidiaries were contingently liable at March 31, 2023, 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. These guarantees are not reasonably likely to have a material effect on the Corporation’s financial condition, changes in financial condition, revenues or expenses, results of operations, liquidity, capital expenditures or capital resources.

	March 31, 2023
(millions of dollars)	Equity Company Obligations (1)	Other Third-Party Obligations	Total
Guarantees
Debt-related	1,229	155	1,384
Other	739	5,385	6,124
Total	1,968	5,540	7,508
(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. In the first quarter and early April 2023, the Corporation entered into two long-term purchase agreements with an estimated total obligation of approximately $4.6 billion. As of March 31, undiscounted commitments for leases not yet commenced totaled $4.1 billion for operating leases and $2.3 billion for finance leases.

The operations and earnings of the Corporation and its affiliates throughout the world have been, and may in the future be, affected from time to time in varying degree by political developments and laws and regulations, such as forced divestiture of assets; restrictions on production, imports and exports; price controls; tax increases and retroactive tax claims; expropriation of property; cancellation of contract rights; sanctions and environmental regulations. Both the likelihood of such occurrences and their overall effect upon the Corporation vary greatly from country to country and are not predictable.

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Other Comprehensive Income Information

3 Months Ended

Mar. 31, 2023

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Other Comprehensive Income Information

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, 2021	(11,499)	(2,265)	(13,764)
Current period change excluding amounts reclassified from accumulated other comprehensive income (1)	661	102	763
Amounts reclassified from accumulated other comprehensive income	—	87	87
Total change in accumulated other comprehensive income	661	189	850
Balance as of March 31, 2022	(10,838)	(2,076)	(12,914)
Balance as of December 31, 2022	(14,591)	1,321	(13,270)
Current period change excluding amounts reclassified from accumulated other comprehensive income (1)	157	14	171
Amounts reclassified from accumulated other comprehensive income	—	4	4
Total change in accumulated other comprehensive income	157	18	175
Balance as of March 31, 2023	(14,434)	1,339	(13,095)
(1) Cumulative Foreign Exchange Translation Adjustment includes net investment hedge gain/(loss) net of taxes of $(74) million and $79 million in 2023 and 2022, respectively.

Amounts Reclassified Out of Accumulated Other Comprehensive Income - Before-tax Income/(Expense) (millions of dollars)	Three Months Ended March 31,
	2023	2022
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)	(8)	(120)

Income Tax (Expense)/Credit For Components of Other Comprehensive Income (millions of dollars)	Three Months Ended March 31,
	2023	2022
Foreign exchange translation adjustment	48	(22)
Postretirement benefits reserves adjustment (excluding amortization)	11	(40)
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs	(2)	(27)
Total	57	(89)

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Earnings Per Share

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Earnings Per Share

Earnings Per Share 

Earnings per common share	Three Months Ended March 31,
	2023	2022
Net income (loss) attributable to ExxonMobil (millions of dollars)	11,430	5,480
Weighted-average number of common shares outstanding (millions of shares)	4,102	4,266
Earnings (loss) per common share (dollars) (1)	2.79	1.28
Dividends paid per common share (dollars)	0.91	0.88
(1) The calculation of earnings (loss) per common share and earnings (loss) per common share – assuming dilution are the same in each     period shown.

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Pension And Other Postretirement Benefits

3 Months Ended

Mar. 31, 2023

Retirement Benefits [Abstract]

Pension And Other Postretirement Benefits

Pension and Other Postretirement Benefits 

(millions of dollars)	Three Months Ended March 31,
	2023	2022
Components of net benefit cost
Pension Benefits - U.S.
Service cost	120	179
Interest cost	166	129
Expected return on plan assets	(133)	(140)
Amortization of actuarial loss/(gain)	21	39
Amortization of prior service cost	(7)	(7)
Net pension enhancement and curtailment/settlement cost	8	37
Net benefit cost	175	237
Pension Benefits - Non-U.S.
Service cost	82	150
Interest cost	234	160
Expected return on plan assets	(174)	(213)
Amortization of actuarial loss/(gain)	14	47
Amortization of prior service cost	12	12
Net benefit cost	168	156
Other Postretirement Benefits
Service cost	20	40
Interest cost	70	55
Expected return on plan assets	(4)	(3)
Amortization of actuarial loss/(gain)	(30)	3
Amortization of prior service cost	(10)	(11)
Net benefit cost	46	84

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Financial Instruments and Derivatives

3 Months Ended

Mar. 31, 2023

Financial Instruments And Derivatives [Abstract]

Financial Instruments and Derivatives

Financial Instruments and Derivatives

The estimated fair value of financial instruments and derivatives at March 31, 2023 and December 31, 2022, and the related hierarchy level for the fair value measurement was as follows:

	March 31, 2023
	Fair Value
(millions of dollars)	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)	5,122	2,372	—	7,494	(5,761)	(943)	—	790
Advances to/receivables from equity companies (2)(6)	—	2,440	5,165	7,605	—	—	614	8,219
Other long-term financial assets (3)	1,243	—	1,506	2,749	—	—	313	3,062
Liabilities
Derivative liabilities (4)	4,233	2,720	—	6,953	(5,761)	(60)	—	1,132
Long-term debt (5)	32,905	1,036	6	33,947	—	—	3,415	37,362
Long-term obligations to equity companies (6)	—	—	2,502	2,502	—	—	(126)	2,376
Other long-term financial liabilities (7)	—	—	713	713	—	—	40	753

 

	December 31, 2022
	Fair Value
(millions of dollars)	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)	4,309	3,455	—	7,764	(5,778)	(969)	—	1,017
Advances to/receivables from equity companies (2)(6)	—	2,406	4,958	7,364	—	—	685	8,049
Other long-term financial assets (3)	1,208	—	1,413	2,621	—	—	346	2,967
Liabilities
Derivative liabilities (4)	3,417	3,264	—	6,681	(5,778)	(79)	—	824
Long-term debt (5)	33,112	1,880	6	34,998	—	—	4,173	39,171
Long-term obligations to equity companies (6)	—	—	2,467	2,467	—	—	(129)	2,338
Other long-term financial liabilities (7)	—	—	679	679	—	—	38	717

(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) Included in the Balance Sheet lines: Investments, advances and long-term receivables and Other assets, including intangibles - net

(4) Included in the Balance Sheet lines: Accounts payable and accrued liabilities and Other long-term obligations

(5) Excluding finance lease obligations

(6) 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 company.

(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 March 31, 2023 and December 31, 2022, respectively, the Corporation had $884 million and $1,494 million of collateral under master netting arrangements not offset against the derivatives on the 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 March 31, 2023, the Corporation has designated $4.9 billion of its Euro-denominated long-term 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 $363 million and undrawn long-term committed lines of credit of $1,281 million as of first quarter 2023.

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". 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, 2023 and December 31, 2022, or results of operations for the periods ended March 31, 2023 and 2022.

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 March 31, 2023 and December 31, 2022, was as follows:

(millions)	March 31, 2023	December 31, 2022
Crude oil (barrels)	15	4
Petroleum products (barrels)	(48)	(52)
Natural gas (MMBTUs)	(29)	(64)

Realized and unrealized gains/(losses) on derivative instruments that were recognized in the Condensed Consolidated Statement of Income are included in the following lines on a before-tax basis:

(millions of dollars)	Three Months Ended March 31,
	2023	2022
Sales and other operating revenue	651	(2,535)
Crude oil and product purchases	(25)	(26)
Total	626	(2,561)

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Disclosures About Segments And Related Information

3 Months Ended

Mar. 31, 2023

Segment Reporting, Measurement Disclosures [Abstract]

Disclosures About Segments And Related Information

Disclosures about Segments and Related Information

(millions of dollars)	Three Months Ended March 31,
	2023	2022
Earnings (Loss) After Income Tax
Upstream
United States	1,632	2,376
Non-U.S. (1)	4,825	2,112
Energy Products
United States	1,910	489
Non-U.S.	2,273	(684)
Chemical Products
United States	324	770
Non-U.S.	47	636
Specialty Products
United States	451	246
Non-U.S.	323	230
Corporate and Financing (1)	(355)	(694)
Corporate total	11,430	5,480
Sales and Other Operating Revenue
Upstream
United States	2,770	2,656
Non-U.S.	5,387	6,343
Energy Products
United States	24,924	24,853
Non-U.S.	39,976	41,715
Chemical Products
United States	2,029	3,094
Non-U.S.	3,692	4,497
Specialty Products
United States	1,568	1,391
Non-U.S.	3,289	3,178
Corporate and Financing	9	7
Corporate total	83,644	87,734
Intersegment Revenue
Upstream
United States	4,956	6,191
Non-U.S.	9,399	10,835
Energy Products
United States	5,451	6,849
Non-U.S.	6,969	8,762
Chemical Products
United States	1,788	1,767
Non-U.S.	777	1,507
Specialty Products
United States	680	559
Non-U.S.	99	224
Corporate and Financing	64	57
(1) Results for 2022 include charges of $3.3 billion in non-U.S. Upstream and $0.1 billion in Corporate and Financing associated with the expropriation of the Corporation's interest in Sakhalin-1.

Geographic Sales and Other Operating Revenue
(millions of dollars)	Three Months Ended March 31,
	2023	2022
United States	31,291	31,994
Non-U.S.	52,353	55,740
Total	83,644	87,734
Significant Non-U.S. revenue sources include: (1)
United Kingdom	7,011	7,548
Canada	6,721	6,995
Singapore	3,731	4,322
France	3,484	4,356
Belgium	2,649	2,836
Italy	2,536	2,836
Australia	2,428	2,456
(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.

Revenue from Contracts with Customers

Sales and other operating revenue includes 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,
	2023	2022
Revenue from contracts with customers	64,304	68,816
Revenue outside the scope of ASC 606	19,340	18,918
Total	83,644	87,734

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Divestment Activities

3 Months Ended

Mar. 31, 2023

Discontinued Operations and Disposal Groups [Abstract]

Divestment Activities

Divestment Activities

In the first quarter, the Corporation completed the sale of Mobil California Exploration and Producing Asset Company, consisting of ExxonMobil's interest in the Aera Energy joint venture, to Green Gate Resources E, LLC. Cash flow related to the divestment was $0.6 billion in the first quarter, and the Corporation expects to receive additional consideration of $0.4 billion, primarily in 2023. The net book value of the assets divested was $1.1 billion.

In January 2023, the Corporation executed an agreement with Bangchak Corporation to sell its interest in Esso Thailand Ltd. that includes the Sriracha Refinery, select distribution terminals, and a network of retail stations. The transaction is anticipated to close in third quarter 2023.

In November 2022, the Corporation executed an agreement for the sale of the Santa Ynez Unit and associated assets in California. The agreement is subject to certain conditions precedent and government approvals and does not yet meet held-for-sale criteria under ASC 360. Should the conditions precedent be met and the potential transaction close, the Corporation would expect to recognize a loss of up to $2 billion.

In February 2022, the Corporation signed an agreement with Seplat Energy Offshore Limited for the sale of Mobil Producing Nigeria Unlimited. The agreement is subject to certain conditions precedent and government approvals. In mid-2022, a Nigerian court issued an order to halt transition activities and enter into arbitration with the Nigerian National Petroleum Company. The closing date and any loss on sale will depend on resolution of these matters.

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Summary of Accounting Policies (Policy)	3 Months Ended
	Mar. 31, 2023
Accounting Policies [Abstract]
Commitments and 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.
Net Investment Hedge Risk Management Policy	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.

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Litigation And Other Contingencies (Tables)

3 Months Ended

Mar. 31, 2023

Loss Contingency [Abstract]

Schedule Of Guarantees

	March 31, 2023
(millions of dollars)	Equity Company Obligations (1)	Other Third-Party Obligations	Total
Guarantees
Debt-related	1,229	155	1,384
Other	739	5,385	6,124
Total	1,968	5,540	7,508
(1) ExxonMobil share

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Other Comprehensive Income Information (Tables)

3 Months Ended

Mar. 31, 2023

Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract]

Schedule Of Accumulated 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, 2021	(11,499)	(2,265)	(13,764)
Current period change excluding amounts reclassified from accumulated other comprehensive income (1)	661	102	763
Amounts reclassified from accumulated other comprehensive income	—	87	87
Total change in accumulated other comprehensive income	661	189	850
Balance as of March 31, 2022	(10,838)	(2,076)	(12,914)
Balance as of December 31, 2022	(14,591)	1,321	(13,270)
Current period change excluding amounts reclassified from accumulated other comprehensive income (1)	157	14	171
Amounts reclassified from accumulated other comprehensive income	—	4	4
Total change in accumulated other comprehensive income	157	18	175
Balance as of March 31, 2023	(14,434)	1,339	(13,095)
(1) Cumulative Foreign Exchange Translation Adjustment includes net investment hedge gain/(loss) net of taxes of $(74) million and $79 million in 2023 and 2022, respectively.

Reclassification Out Of Accumulated Other Comprehensive Income

Amounts Reclassified Out of Accumulated Other Comprehensive Income - Before-tax Income/(Expense) (millions of dollars)	Three Months Ended March 31,
	2023	2022
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)	(8)	(120)

Schedule Of Income Tax (Expense)/Credit For Components Of Other Comprehensive Income

Income Tax (Expense)/Credit For Components of Other Comprehensive Income (millions of dollars)	Three Months Ended March 31,
	2023	2022
Foreign exchange translation adjustment	48	(22)
Postretirement benefits reserves adjustment (excluding amortization)	11	(40)
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs	(2)	(27)
Total	57	(89)

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Earnings Per Share (Tables)

3 Months Ended

Mar. 31, 2023

Earnings Per Share [Abstract]

Earnings Per Share Computation

Earnings per common share	Three Months Ended March 31,
	2023	2022
Net income (loss) attributable to ExxonMobil (millions of dollars)	11,430	5,480
Weighted-average number of common shares outstanding (millions of shares)	4,102	4,266
Earnings (loss) per common share (dollars) (1)	2.79	1.28
Dividends paid per common share (dollars)	0.91	0.88
(1) The calculation of earnings (loss) per common share and earnings (loss) per common share – assuming dilution are the same in each     period shown.

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Pension And Other Postretirement Benefits (Tables)

3 Months Ended

Mar. 31, 2023

Retirement Benefits [Abstract]

Pension And Other Postretirement Benefits

(millions of dollars)	Three Months Ended March 31,
	2023	2022
Components of net benefit cost
Pension Benefits - U.S.
Service cost	120	179
Interest cost	166	129
Expected return on plan assets	(133)	(140)
Amortization of actuarial loss/(gain)	21	39
Amortization of prior service cost	(7)	(7)
Net pension enhancement and curtailment/settlement cost	8	37
Net benefit cost	175	237
Pension Benefits - Non-U.S.
Service cost	82	150
Interest cost	234	160
Expected return on plan assets	(174)	(213)
Amortization of actuarial loss/(gain)	14	47
Amortization of prior service cost	12	12
Net benefit cost	168	156
Other Postretirement Benefits
Service cost	20	40
Interest cost	70	55
Expected return on plan assets	(4)	(3)
Amortization of actuarial loss/(gain)	(30)	3
Amortization of prior service cost	(10)	(11)
Net benefit cost	46	84

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Financial Instruments and Derivatives (Tables)

3 Months Ended

Mar. 31, 2023

Financial Instruments And Derivatives [Abstract]

Financial Instruments

The estimated fair value of financial instruments and derivatives at March 31, 2023 and December 31, 2022, and the related hierarchy level for the fair value measurement was as follows:

	March 31, 2023
	Fair Value
(millions of dollars)	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)	5,122	2,372	—	7,494	(5,761)	(943)	—	790
Advances to/receivables from equity companies (2)(6)	—	2,440	5,165	7,605	—	—	614	8,219
Other long-term financial assets (3)	1,243	—	1,506	2,749	—	—	313	3,062
Liabilities
Derivative liabilities (4)	4,233	2,720	—	6,953	(5,761)	(60)	—	1,132
Long-term debt (5)	32,905	1,036	6	33,947	—	—	3,415	37,362
Long-term obligations to equity companies (6)	—	—	2,502	2,502	—	—	(126)	2,376
Other long-term financial liabilities (7)	—	—	713	713	—	—	40	753

 

	December 31, 2022
	Fair Value
(millions of dollars)	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)	4,309	3,455	—	7,764	(5,778)	(969)	—	1,017
Advances to/receivables from equity companies (2)(6)	—	2,406	4,958	7,364	—	—	685	8,049
Other long-term financial assets (3)	1,208	—	1,413	2,621	—	—	346	2,967
Liabilities
Derivative liabilities (4)	3,417	3,264	—	6,681	(5,778)	(79)	—	824
Long-term debt (5)	33,112	1,880	6	34,998	—	—	4,173	39,171
Long-term obligations to equity companies (6)	—	—	2,467	2,467	—	—	(129)	2,338
Other long-term financial liabilities (7)	—	—	679	679	—	—	38	717

(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) Included in the Balance Sheet lines: Investments, advances and long-term receivables and Other assets, including intangibles - net

(4) Included in the Balance Sheet lines: Accounts payable and accrued liabilities and Other long-term obligations

(5) Excluding finance lease obligations

(6) 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 company.

(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.

Schedule of Notional Amounts of Outstanding Derivative Positions

The net notional long/(short) position of derivative instruments at March 31, 2023 and December 31, 2022, was as follows:

(millions)	March 31, 2023	December 31, 2022
Crude oil (barrels)	15	4
Petroleum products (barrels)	(48)	(52)
Natural gas (MMBTUs)	(29)	(64)

Derivative Instruments - Before-Tax Realized and Unrealized Gains / (Losses)

Realized and unrealized gains/(losses) on derivative instruments that were recognized in the Condensed Consolidated Statement of Income are included in the following lines on a before-tax basis:

(millions of dollars)	Three Months Ended March 31,
	2023	2022
Sales and other operating revenue	651	(2,535)
Crude oil and product purchases	(25)	(26)
Total	626	(2,561)

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Disclosures About Segments And Related Information (Tables)

3 Months Ended

Mar. 31, 2023

Segment Reporting, Measurement Disclosures [Abstract]

Disclosures About Segments And Related Information

(millions of dollars)	Three Months Ended March 31,
	2023	2022
Earnings (Loss) After Income Tax
Upstream
United States	1,632	2,376
Non-U.S. (1)	4,825	2,112
Energy Products
United States	1,910	489
Non-U.S.	2,273	(684)
Chemical Products
United States	324	770
Non-U.S.	47	636
Specialty Products
United States	451	246
Non-U.S.	323	230
Corporate and Financing (1)	(355)	(694)
Corporate total	11,430	5,480
Sales and Other Operating Revenue
Upstream
United States	2,770	2,656
Non-U.S.	5,387	6,343
Energy Products
United States	24,924	24,853
Non-U.S.	39,976	41,715
Chemical Products
United States	2,029	3,094
Non-U.S.	3,692	4,497
Specialty Products
United States	1,568	1,391
Non-U.S.	3,289	3,178
Corporate and Financing	9	7
Corporate total	83,644	87,734
Intersegment Revenue
Upstream
United States	4,956	6,191
Non-U.S.	9,399	10,835
Energy Products
United States	5,451	6,849
Non-U.S.	6,969	8,762
Chemical Products
United States	1,788	1,767
Non-U.S.	777	1,507
Specialty Products
United States	680	559
Non-U.S.	99	224
Corporate and Financing	64	57
(1) Results for 2022 include charges of $3.3 billion in non-U.S. Upstream and $0.1 billion in Corporate and Financing associated with the expropriation of the Corporation's interest in Sakhalin-1.

Geographic Sales And Other Operating Revenue

Geographic Sales and Other Operating Revenue
(millions of dollars)	Three Months Ended March 31,
	2023	2022
United States	31,291	31,994
Non-U.S.	52,353	55,740
Total	83,644	87,734
Significant Non-U.S. revenue sources include: (1)
United Kingdom	7,011	7,548
Canada	6,721	6,995
Singapore	3,731	4,322
France	3,484	4,356
Belgium	2,649	2,836
Italy	2,536	2,836
Australia	2,428	2,456
(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.

Disaggregation of Revenue

Sales and other operating revenue (millions of dollars)	Three Months Ended March 31,
	2023	2022
Revenue from contracts with customers	64,304	68,816
Revenue outside the scope of ASC 606	19,340	18,918
Total	83,644	87,734

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Russia (Details) Boe in Millions, $ in Millions	3 Months Ended	12 Months Ended
	Dec. 31, 2022 USD ($)	Dec. 31, 2022 USD ($) Boe
Impaired Long-Lived Assets Held and Used [Line Items]
Impact Of Expropriation (After-Tax) benefit	$ 1,100
Sakhalin -1
Impaired Long-Lived Assets Held and Used [Line Items]
Largely impairment charges, after-tax		$ 3,400
Largely impairment charges, before tax		$ 4,600
Proved developed and undeveloped reserves, disqualified, exit from operations | Boe		150

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Litigation And Other Contingencies (Narrative) (Details) $ in Millions	4 Months Ended
	Apr. 30, 2023 USD ($) agreement	Mar. 31, 2023 USD ($)
Subsequent Event
Long-Term Purchase Commitment [Line Items]
Number of Long-Term Purchase Agreements | agreement	2
Purchase Obligation	$ 4,600
Operating Lease [Member]
Lessee Lease Description [Line Items]
Additional undiscounted commitments for leases not yet commenced		$ 4,100
Finance Lease [Member]
Lessee Lease Description [Line Items]
Additional undiscounted commitments for leases not yet commenced		$ 2,300

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Litigation And Other Contingencies (Schedule Of Guarantees) (Details) $ in Millions	Mar. 31, 2023 USD ($)
Litigation And Other Contingencies [Line Items]
Guarantees	$ 7,508
Equity Company Obligations [Member]
Litigation And Other Contingencies [Line Items]
Guarantees	1,968
Other Third Party Obligations [Member]
Litigation And Other Contingencies [Line Items]
Guarantees	5,540
Debt Related Guarantees [Member]
Litigation And Other Contingencies [Line Items]
Guarantees	1,384
Debt Related Guarantees [Member] | Equity Company Obligations [Member]
Litigation And Other Contingencies [Line Items]
Guarantees	1,229
Debt Related Guarantees [Member] | Other Third Party Obligations [Member]
Litigation And Other Contingencies [Line Items]
Guarantees	155
Other Guarantees [Member]
Litigation And Other Contingencies [Line Items]
Guarantees	6,124
Other Guarantees [Member] | Equity Company Obligations [Member]
Litigation And Other Contingencies [Line Items]
Guarantees	739
Other Guarantees [Member] | Other Third Party Obligations [Member]
Litigation And Other Contingencies [Line Items]
Guarantees	$ 5,385

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Other Comprehensive Income Information (Schedule Of Accumulated Other Comprehensive Income Information) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease [Abstract]
Current period change excluding amounts reclassified from accumulated other comprehensive income, Cumulative Foreign Exchange Translation Adjustment	$ 173	$ 741
Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease [Abstract]
Current period change excluding amounts reclassified from accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment	19	105
Amounts reclassified from accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment	6	93
Other Comprehensive Income Loss Net Of Tax Period Change [Abstract]
Beginning Balance, Total	(13,270)
Ending Balance, Total	(13,095)
Exxon Mobil Corporation Share After Noncontrolling Interest [Member]
Other Comprehensive Income Foreign Currency Transaction And Translation Adjustment Net Of Tax Period Increase Decrease [Abstract]
Beginning Balance, Cumulative Foreign Exchange Translation Adjustment	(14,591)	(11,499)
Current period change excluding amounts reclassified from accumulated other comprehensive income, Cumulative Foreign Exchange Translation Adjustment	157	661
Adjustment for foreign exchange translation (gain)/loss included in net income	0	0
Total change in accumulated other comprehensive income, Cumulative Foreign Exchange Translation Adjustment	157	661
Ending Balance, Cumulative Foreign Exchange Translation Adjustment	(14,434)	(10,838)
Net investment hedge gain/(loss), net of taxes	(74)	79
Other Comprehensive Income Defined Benefit Plans Adjustment Net Of Tax Period Increase Decrease [Abstract]
Beginning Balance, Postretirement Benefits Reserves Adjustment	1,321	(2,265)
Current period change excluding amounts reclassified from accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment	14	102
Amounts reclassified from accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment	4	87
Total change in accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment	18	189
Ending Balance, Postretirement Benefits Reserves Adjustment	1,339	(2,076)
Other Comprehensive Income Loss Net Of Tax Period Change [Abstract]
Beginning Balance, Total	(13,270)	(13,764)
Current period change excluding amounts reclassified from accumulated other comprehensive income, Total	171	763
Amounts reclassified from accumulated other comprehensive income, Total	4	87
Total change in accumulated other comprehensive income, Total	175	850
Ending Balance, Total	$ (13,095)	$ (12,914)

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Other Comprehensive Income Information (Amounts Reclassified Out Of Acc Other Comp Income) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Other Comprehensive Income Information Before Tax [Abstract]
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)	$ (8)	$ (120)

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Other Comprehensive Income Information (Schedule Of Income Tax (Expense)/Credit For Components Of Other Comprehensive Income) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Other Comprehensive Income Information Tax [Abstract]
Foreign exchange translation adjustment	$ 48	$ (22)
Postretirement benefits reserves adjustment (excluding amortization)	11	(40)
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs	(2)	(27)
Total	$ 57	$ (89)

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Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Earnings Per Share [Abstract]
Net income (loss) attributable to ExxonMobil	$ 11,430	$ 5,480
Weighted average number of common shares outstanding (in shares)	4,102	4,266
Earnings (loss) per common share, basic (in dollars per share)	$ 2.79	$ 1.28
Earnings (loss) per common share, diluted (in dollars per share)	2.79	1.28
Dividends paid per common share (in dollars per share)	$ 0.91	$ 0.88

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Pension And Other Postretirement Benefits (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Other Postretirement Benefits [Member]
Service cost	$ 20	$ 40
Interest cost	70	55
Expected return on plan assets	(4)	(3)
Amortization of actuarial loss/(gain)	(30)	3
Amortization of prior service cost	(10)	(11)
Net benefit cost	46	84
Pension Benefits - U.S. | Pension Plan
Service cost	120	179
Interest cost	166	129
Expected return on plan assets	(133)	(140)
Amortization of actuarial loss/(gain)	21	39
Amortization of prior service cost	(7)	(7)
Net pension enhancement and curtailment/settlement cost	8	37
Net benefit cost	175	237
Pension Benefits - Non-U.S. [Member] | Pension Plan
Service cost	82	150
Interest cost	234	160
Expected return on plan assets	(174)	(213)
Amortization of actuarial loss/(gain)	14	47
Amortization of prior service cost	12	12
Net benefit cost	$ 168	$ 156

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Financial Instruments (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Total Gross Assets & Liabilities [Domain]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Derivative assets	$ 7,494	$ 7,764
Advances to/receivables from equity companies	7,605	7,364
Other long-term financial assets	2,749	2,621
Derivative liabilities	6,953	6,681
Long-term debt	33,947	34,998
Long-term obligations to equity companies	2,502	2,467
Other long-term financial liabilities	713	679
Net Carrying Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Derivative assets	790	1,017
Advances to/receivables from equity companies	8,219	8,049
Other long-term financial assets	3,062	2,967
Derivative liabilities	1,132	824
Long-term debt	37,362	39,171
Long-term obligations to equity companies	2,376	2,338
Other long-term financial liabilities	$ 753	$ 717
Derivative Asset, Current, Statement of Financial Position [Extensible Enumeration]	Other assets, including intangibles – net, Notes and accounts receivable – net	Other assets, including intangibles – net, Notes and accounts receivable – net
Derivative Liability, Current, Statement of Financial Position [Extensible Enumeration]	Accounts payable and accrued liabilities, Other long-term obligations	Accounts payable and accrued liabilities, Other long-term obligations
Effect Of Counterparty Netting [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Derivative assets	$ (5,761)	$ (5,778)
Derivative liabilities	(5,761)	(5,778)
Effect Of Collateral Netting [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Derivative assets	(943)	(969)
Derivative liabilities	(60)	(79)
Difference In Carrying Value And Fair Value [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Advances to/receivables from equity companies	614	685
Other long-term financial assets	313	346
Long-term debt	3,415	4,173
Long-term obligations to equity companies	(126)	(129)
Other long-term financial liabilities	40	38
Level 1 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Derivative assets	5,122	4,309
Other long-term financial assets	1,243	1,208
Derivative liabilities	4,233	3,417
Long-term debt	32,905	33,112
Level 2 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Derivative assets	2,372	3,455
Advances to/receivables from equity companies	2,440	2,406
Derivative liabilities	2,720	3,264
Long-term debt	1,036	1,880
Level 3 [Member]
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items]
Advances to/receivables from equity companies	5,165	4,958
Other long-term financial assets	1,506	1,413
Long-term debt	6	6
Long-term obligations to equity companies	2,502	2,467
Other long-term financial liabilities	$ 713	$ 679

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Financial Instruments and Derivatives (Narrative) (Details) - USD ($) $ in Millions	Mar. 31, 2023	Dec. 31, 2022
Debt Instrument [Line Items]
Initial margin collateral receivable	$ 884	$ 1,494
Net investment hedge, European business - long-term debt principal	4,900
Short Term Financing [Member]
Debt Instrument [Line Items]
Unused credit line	363
Long Term Financing [Member]
Debt Instrument [Line Items]
Unused credit line	$ 1,281

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Derivative Instrument Balance Sheet (Details) bbl in Millions, MMBTU in Millions	3 Months Ended	12 Months Ended
	Mar. 31, 2023 MMBTU bbl	Dec. 31, 2022 MMBTU bbl
Crude oil [Member] | Long [Member]
Net notional long / short position of derivative instruments bbl	15	4
Petroleum products [Member] | Short [Member]
Net notional long / short position of derivative instruments bbl	48	52
Natural gas [Member] | Short [Member]
Net notional long / short position of derivative instruments MMBtus | MMBTU	29	64

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Derivative Instruments (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Realized and Unrealized Before-Tax Gain / (Loss) on Derivative Instruments Recognized in the Consolidated Statement of Income
Sales and other operating revenue	$ 83,644	$ 87,734
Crude oil and product purchases	(46,003)	(52,388)
Not Designated as Hedging Instrument [Member]
Realized and Unrealized Before-Tax Gain / (Loss) on Derivative Instruments Recognized in the Consolidated Statement of Income
Sales and other operating revenue	651	(2,535)
Crude oil and product purchases	(25)	(26)
Total	$ 626	$ (2,561)

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Disclosures About Segments And Related Information (Schedule of Segments and Related Information) (Details) - USD ($) $ in Millions	3 Months Ended		12 Months Ended
	Mar. 31, 2023	Mar. 31, 2022	Dec. 31, 2022
Segment Reporting Information [Line Items]
Earnings (Loss) After Income Tax	$ 11,430	$ 5,480
Sales and other operating revenue	83,644	87,734
Sakhalin -1
Segment Reporting Information [Line Items]
Largely impairment charges, after-tax			$ 3,400
Upstream | United States
Segment Reporting Information [Line Items]
Earnings (Loss) After Income Tax	1,632	2,376
Sales and other operating revenue	2,770	2,656
Intersegment Revenue	4,956	6,191
Upstream | Non-U.S.
Segment Reporting Information [Line Items]
Earnings (Loss) After Income Tax	4,825	2,112
Sales and other operating revenue	5,387	6,343
Intersegment Revenue	9,399	10,835
Energy Products | United States
Segment Reporting Information [Line Items]
Earnings (Loss) After Income Tax	1,910	489
Sales and other operating revenue	24,924	24,853
Intersegment Revenue	5,451	6,849
Energy Products | Non-U.S.
Segment Reporting Information [Line Items]
Earnings (Loss) After Income Tax	2,273	(684)
Sales and other operating revenue	39,976	41,715
Intersegment Revenue	6,969	8,762
Chemical Products | United States
Segment Reporting Information [Line Items]
Earnings (Loss) After Income Tax	324	770
Sales and other operating revenue	2,029	3,094
Intersegment Revenue	1,788	1,767
Chemical Products | Non-U.S.
Segment Reporting Information [Line Items]
Earnings (Loss) After Income Tax	47	636
Sales and other operating revenue	3,692	4,497
Intersegment Revenue	777	1,507
Specialty Products | United States
Segment Reporting Information [Line Items]
Earnings (Loss) After Income Tax	451	246
Sales and other operating revenue	1,568	1,391
Intersegment Revenue	680	559
Specialty Products | Non-U.S.
Segment Reporting Information [Line Items]
Earnings (Loss) After Income Tax	323	230
Sales and other operating revenue	3,289	3,178
Intersegment Revenue	99	224
Corporate And Financing
Segment Reporting Information [Line Items]
Earnings (Loss) After Income Tax	(355)	(694)
Sales and other operating revenue	9	7
Intersegment Revenue	64	57
Corporate And Financing | Sakhalin -1
Segment Reporting Information [Line Items]
Largely impairment charges, after-tax	$ 100
Upstream Non-U.S. | Sakhalin -1
Segment Reporting Information [Line Items]
Largely impairment charges, after-tax		$ 3,300

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Disclosures About Segments And Related Information (Schedule of Geographic Sales And Operating Revenue) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Segment Reporting Revenue Reconciling Item [Line Items]
Sales and other operating revenue	$ 83,644	$ 87,734
Total	86,564	90,500
Sales and other operating revenue
Segment Reporting Revenue Reconciling Item [Line Items]
Sales and other operating revenue	64,304	68,816
Total	83,644	87,734
United States | Sales and other operating revenue
Segment Reporting Revenue Reconciling Item [Line Items]
Total	31,291	31,994
Non-U.S. | Sales and other operating revenue
Segment Reporting Revenue Reconciling Item [Line Items]
Total	52,353	55,740
United Kingdom | Sales and other operating revenue
Segment Reporting Revenue Reconciling Item [Line Items]
Total	7,011	7,548
Canada | Sales and other operating revenue
Segment Reporting Revenue Reconciling Item [Line Items]
Total	6,721	6,995
Singapore | Sales and other operating revenue
Segment Reporting Revenue Reconciling Item [Line Items]
Total	3,731	4,322
France | Sales and other operating revenue
Segment Reporting Revenue Reconciling Item [Line Items]
Total	3,484	4,356
Belgium | Sales and other operating revenue
Segment Reporting Revenue Reconciling Item [Line Items]
Total	2,649	2,836
Italy | Sales and other operating revenue
Segment Reporting Revenue Reconciling Item [Line Items]
Total	2,536	2,836
Australia | Sales and other operating revenue
Segment Reporting Revenue Reconciling Item [Line Items]
Total	$ 2,428	$ 2,456

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Disclosures About Segments And Related Information (Sales and Other Operating Revenues) (Details) - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2023	Mar. 31, 2022
Disaggregation of Revenue [Line Items]
Sales and other operating revenue	$ 83,644	$ 87,734
Total	86,564	90,500
Sales and other operating revenue
Disaggregation of Revenue [Line Items]
Sales and other operating revenue	64,304	68,816
Revenue outside the scope of ASC 606	19,340	18,918
Total	$ 83,644	$ 87,734

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Divestment Activities (Narrative) (Details) - USD ($) $ in Billions	3 Months Ended	5 Months Ended	9 Months Ended
	Mar. 31, 2023	Mar. 31, 2023	Dec. 31, 2023
Aera Energy Joint Venture
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Proceeds from sale of equity method investments	$ 0.6
Equity method investment, net book value disposed	$ 1.1	$ 1.1
Aera Energy Joint Venture | Forecast
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Proceeds from sale of equity method investments			$ 0.4
Disposal Group, Sale Approved but Not Closed | Santa Ynez Unit
Disposal Group, Not Discontinued Operation, Disposal Disclosures [Abstract]
Disposal group, not discontinued operation, expected loss on disposal		$ 2.0