Disclosures about Segments and Related Information

3 Months Ended

Mar. 31, 2025

Segment Reporting, Measurement Disclosures [Abstract]

Disclosures about Segments and Related Information

Note 8. Disclosures about Segments and Related Information

(millions of dollars)	Upstream		Energy Products		Chemical Products		Specialty Products		Segment Total
	U.S.	Non-U.S.	U.S.	Non-U.S.	U.S.	Non-U.S.	U.S.	Non-U.S.
Three Months Ended March 31, 2025
Revenues and other income
Sales and other operating revenue	7,318	3,960	23,885	36,077	2,022	3,385	1,367	3,025	81,039
Income from equity affiliates	4	1,247	36	1	23	140	—	(22)	1,429
Intersegment revenue	6,556	9,850	4,624	6,672	1,675	739	549	114	30,779
Other income	(135)	374	56	24	1	(1)	—	27	346
Segment revenues and other income	13,743	15,431	28,601	42,774	3,721	4,263	1,916	3,144	113,593
Costs and other items
Crude oil and product purchases	5,429	3,261	25,106	35,046	2,154	3,015	997	2,079	77,087
Operating expenses, excl. depreciation and depletion (1)	2,763	2,281	2,082	2,159	1,063	1,084	472	570	12,474
Depreciation and depletion (includes impairments)	3,038	1,689	195	173	145	122	27	38	5,427
Interest expense	37	6	—	1	—	—	—	—	44
Other taxes and duties	64	539	787	4,562	16	22	2	44	6,036
Total costs and other deductions	11,331	7,776	28,170	41,941	3,378	4,243	1,498	2,731	101,068
Segment income (loss) before income taxes	2,412	7,655	431	833	343	20	418	413	12,525
Income tax expense (benefit)	542	2,598	94	187	88	(6)	96	77	3,676
Segment net income (loss) incl. noncontrolling interests	1,870	5,057	337	646	255	26	322	336	8,849
Net income (loss) attributable to noncontrolling interests	—	171	40	116	—	8	—	3	338
Segment income (loss)	1,870	4,886	297	530	255	18	322	333	8,511
Reconciliation of consolidated revenues
Segment revenues and other income			113,593
Other revenues (2)			316
Elimination of intersegment revenues			(30,779)
Total consolidated revenues and other income			83,130
Reconciliation of income (loss) attributable to ExxonMobil
Total segment income (loss)			8,511
Corporate and Financing income (loss)			(798)
Net income (loss) attributable to ExxonMobil			7,713
(millions of dollars)	Upstream		Energy Products		Chemical Products		Specialty Products		Segment Total
	U.S.	Non-U.S.	U.S.	Non-U.S.	U.S.	Non-U.S.	U.S.	Non-U.S.
Three Months Ended March 31, 2025
Additions to property, plant and equipment (3)	2,780	2,022	116	228	145	117	49	53	5,510
As of March 31, 2025
Investments in equity companies	4,933	21,359	454	923	2,998	2,663	—	805	34,135
Total assets	153,432	136,606	33,105	46,181	17,400	18,023	2,837	8,334	415,918
Reconciliation to Corporate Total	Segment Total		Corporate and Financing		Corporate Total
Three Months Ended March 31, 2025
Additions to property, plant and equipment (3)	5,510		519		6,029
As of March 31, 2025
Investments in equity companies	34,135		(132)		34,003
Total assets	415,918		35,990		451,908
(1) Operating expenses, excl. depreciation and depletion includes the following GAAP line items, as reflected on the Income Statement: Production and manufacturing expenses; Selling, general and administrative expenses; Exploration expenses, including dry holes; and Non-service pension and postretirement benefit expense.
(2) Primarily Corporate and Financing Interest revenue of $363 million.
(3) Includes non-cash additions.
Due to rounding, numbers presented may not add up precisely to the totals indicated.

(millions of dollars)	Upstream		Energy Products		Chemical Products		Specialty Products		Segment Total
	U.S.	Non-U.S.	U.S.	Non-U.S.	U.S.	Non-U.S.	U.S.	Non-U.S.
Three Months Ended March 31, 2024
Revenues and other income
Sales and other operating revenue	2,190	3,526	24,803	39,409	2,194	3,646	1,469	3,150	80,387
Income from equity affiliates	(105)	1,708	33	25	57	205	—	(9)	1,914
Intersegment revenue	5,988	9,980	6,558	6,752	1,865	1,025	655	164	32,987
Other income	(39)	137	43	19	1	5	3	32	201
Segment revenues and other income	8,034	15,351	31,437	46,205	4,117	4,881	2,127	3,337	115,489
Costs and other items
Crude oil and product purchases	2,993	2,483	27,276	38,351	2,291	3,351	1,146	2,285	80,176
Operating expenses, excl. depreciation and depletion (1)	1,727	2,630	2,014	2,138	991	1,060	428	535	11,523
Depreciation and depletion expense	1,842	2,035	196	189	159	109	22	39	4,591
Interest expense	28	15	1	2	—	—	—	1	47
Other taxes and duties	98	613	820	4,703	17	19	2	52	6,324
Total costs and other deductions	6,688	7,776	30,307	45,383	3,458	4,539	1,598	2,912	102,661
Segment income (loss) before income taxes	1,346	7,575	1,130	822	659	342	529	425	12,828
Income tax expense (benefit)	292	2,825	236	138	155	50	125	63	3,884
Segment net income (loss) incl. noncontrolling interests	1,054	4,750	894	684	504	292	404	362	8,944
Net income (loss) attributable to noncontrolling interests	—	144	58	144	—	11	—	5	362
Segment income (loss)	1,054	4,606	836	540	504	281	404	357	8,582
Reconciliation of consolidated revenues
Segment revenues and other income			115,489
Other revenues (2)			581
Elimination of intersegment revenues			(32,987)
Total consolidated revenues and other income			83,083
Reconciliation of income (loss) attributable to ExxonMobil
Total segment income (loss)			8,582
Corporate and Financing income (loss)			(362)
Net income (loss) attributable to ExxonMobil			8,220
(millions of dollars)	Upstream		Energy Products		Chemical Products		Specialty Products		Segment Total
	U.S.	Non-U.S.	U.S.	Non-U.S.	U.S.	Non-U.S.	U.S.	Non-U.S.
Three Months Ended March 31, 2024
Additions to property, plant and equipment (3)	2,028	1,664	142	321	100	235	14	58	4,562
As of December 31, 2024
Investments in equity companies	4,884	21,396	444	915	3,016	2,649	—	814	34,118
Total assets	154,914	134,609	32,143	43,399	17,445	17,692	2,882	8,040	411,124
Reconciliation to Corporate Total	Segment Total		Corporate and Financing		Corporate Total
Three Months Ended March 31, 2024
Additions to property, plant and equipment (3)	4,562		512		5,074
As of December 31, 2024
Investments in equity companies	34,118		(108)		34,010
Total assets	411,124		42,351		453,475
(1) Operating expenses, excl. depreciation and depletion includes the following GAAP line items, as reflected on the Income Statement: Production and manufacturing expenses; Selling, general and administrative expenses; Exploration expenses, including dry holes; and Non-service pension and postretirement benefit expense.
(2) Primarily Corporate and Financing Interest revenue of $474 million.
(3) Includes non-cash additions.
Due to rounding, numbers presented may not add up precisely to the totals indicated.

Revenue from Contracts with Customers

Sales and other operating revenue include both revenue within the scope of ASC 606 and outside the scope of ASC 606. Trade receivables in Notes and accounts receivable – net reported on the Balance Sheet also includes both receivables within the scope of ASC 606 and those outside the scope of ASC 606. Revenue and receivables outside the scope of ASC 606 primarily relate to physically settled commodity contracts accounted for as derivatives. Contractual terms, credit quality, and type of customer are generally similar between those revenues and receivables within the scope of ASC 606 and those outside it.

Sales and other operating revenue (millions of dollars)	Three Months Ended March 31,
	2025	2024
Revenue from contracts with customers	56,931	58,419
Revenue outside the scope of ASC 606	24,127	21,992
Total	81,058	80,411

Geographic Sales and Other Operating Revenue
(millions of dollars)	Three Months Ended March 31,
	2025	2024
United States	34,607	30,656
Non-U.S.	46,451	49,755
Total	81,058	80,411
Significant Non-U.S. revenue sources include: (1)
Canada	6,990	7,055
United Kingdom	5,840	5,160
Singapore	3,833	4,018
(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.