Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2024

Long-Term Debt, Unclassified [Abstract]

Schedule of Debt Instruments

Summarized long-term debt at year-end 2024 and 2023 are shown in the table below:

(millions of dollars, except where stated otherwise)	Average Rate (1)	December 31, 2024	December 31, 2023
Exxon Mobil Corporation (2)(3)
2.709% notes due 2025		—	1,750
2.992% notes due 2025		—	2,767
3.043% notes due 2026		2,500	2,500
2.275% notes due 2026		1,000	1,000
3.294% notes due 2027		1,000	1,000
2.440% notes due 2029		1,250	1,250
3.482% notes due 2030		1,992	2,000
2.610% notes due 2030		2,000	2,000
2.995% notes due 2039		750	750
4.227% notes due 2040		2,076	2,080
3.567% notes due 2045		1,000	1,000
4.114% notes due 2046		2,500	2,500
3.095% notes due 2049		1,500	1,500
4.327% notes due 2050		2,750	2,750
3.452% notes due 2051		2,750	2,750
Exxon Mobil Corporation - Euro-denominated
0.524% notes due 2028		1,039	1,105
0.835% notes due 2032		1,039	1,105
1.408% notes due 2039		1,039	1,105
XTO Energy Inc. (4)
6.100% senior notes due 2036		187	189
6.750% senior notes due 2037		284	286
6.375% senior notes due 2038		221	223
Pioneer Natural Resources Company (5)
1.125% senior notes due 2026		718	—
5.100% senior notes due 2026		1,097	—
7.200% senior notes due 2028		250	—
1.900% senior notes due 2030		931	—
2.150% senior notes due 2031		846	—
Parsley Energy LLC (6)
4.125% senior notes due 2028		131	—
Industrial revenue bonds due 2025-2051	3.149%	2,032	2,123
Finance leases & other obligations	4.577%	3,951	3,838
Debt issuance costs		(78)	(88)
Total long-term debt		36,755	37,483
(1) Average effective or imputed interest rates at December 31, 2024.
(2) Includes impacts of hedge accounting of interest rate swaps.
(3) Includes premiums of $76 million in 2024 and $97 million in 2023.
(4) Includes premiums of $66 million in 2024 and $71 million in 2023.
(5) Includes net discounts of $348 million in 2024.
(6) Includes discounts of $7 million in 2024.

Debt Assumed in the Merger

The following table presents long-term debt assumed at closing:

(millions of dollars)	Par Value	Fair Value as of May 2, 2024
0.250% Convertible Senior Notes due May 2025 (1)	450	1,327
1.125% Senior Notes due January 2026	750	699
5.100% Senior Notes due March 2026	1,100	1,096
7.200% Senior Notes due January 2028	241	252
4.125% Senior Notes due February 2028	138	130
1.900% Senior Notes due August 2030	1,100	914
2.150% Senior Notes due January 2031	1,000	832
(1) In June 2024, the Corporation redeemed in full all of the Convertible Senior Notes assumed from Pioneer for an amount consistent with the acquisition date fair value.