Equity Company Information

12 Months Ended

Dec. 31, 2024

Equity Method Investment, Financial Statement, Reported Amounts [Abstract]

The summarized financial information below includes amounts related to certain less-than-majority-owned companies and majority-owned subsidiaries where minority shareholders possess the right to participate in significant management decisions (see Note 1). These companies are primarily engaged in oil and gas exploration and production, natural gas marketing, transportation of crude oil, and petrochemical manufacturing in North America; natural gas production and distribution in Europe; LNG operations in Africa; and exploration, production, LNG operations, and the manufacture and sale of petroleum and petrochemical products in Asia and the Middle East. Also included are several refining and marketing ventures.

The share of total equity company revenues from sales to ExxonMobil consolidated companies was 9 percent, 9 percent, and 11 percent in the years 2024, 2023, and 2022, respectively.

The Corporation’s ownership in these ventures is in the form of shares in corporate joint ventures as well as interests in partnerships. Differences between the Company’s carrying value of an equity investment and its underlying equity in the net assets of the affiliate are assigned, to the extent practicable, to specific assets and liabilities based on the Company’s analysis of the factors giving rise to the difference. The amortization of this difference, as appropriate, is included in “Income from equity affiliates” on the Consolidated Statement of Income.


Equity Company Financial Summary (millions of dollars)	2024		2023		2022
	Total	ExxonMobil Share	Total	ExxonMobil Share	Total	ExxonMobil Share

Total revenues	117,036	35,532	132,783	40,682	183,812	57,528
Income before income taxes	33,357	9,304	35,999	10,078	61,550	19,279
Income taxes	11,434	3,209	11,404	3,085	23,149	7,603
Income from equity affiliates	21,923	6,095	24,595	6,993	38,401	11,676

Current assets	50,779	18,286	53,081	18,713	77,457	24,994
Long-term assets	145,671	39,092	150,198	40,986	153,186	42,921
Total assets	196,450	57,378	203,279	59,699	230,643	67,915

Current liabilities	26,786	8,699	30,721	9,652	53,640	15,555
Long-term liabilities	55,218	16,484	57,237	17,059	62,009	18,929
Net assets	114,446	32,195	115,321	32,988	114,994	33,431

A list of significant equity companies as of December 31, 2024, together with the Corporation’s percentage ownership interest, is detailed below:


			Percentage Ownership Interest

Upstream
Barzan Gas Company Limited			7
BEB Erdgas und Erdoel GmbH & Co. KG			50
Caspian Pipeline Consortium			8
Coral FLNG S.A.			25
Cross Timbers Energy LLC			50
GasTerra B.V.			25
Golden Pass LNG Terminal LLC			30
Golden Pass Pipeline LLC			30
Marine Well Containment Company LLC			11
Mozambique Rovuma Venture S.p.A.			36
Nederlandse Aardolie Maatschappij B.V.			50
Papua New Guinea Liquefied Natural Gas Global Company LDC			33
Permian Highway Pipeline LLC			17
QatarEnergy LNG N (2)			24
QatarEnergy LNG NFE (3)			25
QatarEnergy LNG S (1)			25
QatarEnergy LNG S (2)			31
QatarEnergy LNG S (3)			30
South Hook LNG Terminal Company Limited			24
Tengizchevroil LLP			25

Energy Products, Chemical Products, and/or Specialty Products
Al-Jubail Petrochemical Company			50
Alberta Products Pipe Line Ltd.			45
Fujian Refining & Petrochemical Co. Ltd.			25
Gulf Coast Growth Ventures LLC			50
Infineum USA L.P.			50
Permian Express Partners LLC			12
Saudi Aramco Mobil Refinery Company Ltd.			50
Saudi Yanbu Petrochemical Co.			50