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, 2026

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)

22777 Springwoods Village Parkway, Spring, Texas 77389-1425

(Address of principal executive offices) (Zip Code)

(972) 940-6000

(Registrant's telephone number, including area code)

_______________________

Securities registered pursuant to Section 12(b) of the Act:

Title of Each Class	Trading Symbol	Name of Each Exchange on Which Registered
Common Stock, without par value	XOM	New York Stock Exchange
0.524% Notes due 2028	XOM28	New York Stock Exchange
0.835% Notes due 2032	XOM32	New York Stock Exchange
1.408% Notes due 2039	XOM39A	New York Stock Exchange

Indicate by check mark whether the registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of

1934 during the preceding 12 months (or for such shorter period that the registrant was required to file such reports), and (2) has been subject to such

filing requirements for the past 90 days. Yes ☑ No ☐

Indicate by check mark whether the registrant has submitted electronically every Interactive Data File required to be submitted and posted pursuant to

Rule 405 of Regulation S-T (§ 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the registrant was required to

submit and post such files). Yes ☑ No ☐

Indicate by check mark whether the registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, smaller reporting company, or

an emerging growth company. See the definitions of "large accelerated filer," "accelerated filer," "smaller reporting company," and “emerging growth

company” in Rule 12b-2 of the Exchange Act.

Large accelerated filer	☑	Accelerated filer	☐
Non-accelerated filer	☐	Smaller reporting company	☐
		Emerging growth company	☐

If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any

new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐

Indicate by check mark whether the registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yes ☐ No ☑

Indicate the number of shares outstanding of each of the issuer's classes of common stock, as of the latest practicable date.

Class	Outstanding as of March 31, 2026
Common stock, without par value	4,144,947,162

2

EXXON MOBIL CORPORATION

FORM 10-Q

FOR THE QUARTERLY PERIOD ENDED MARCH 31, 2026

TABLE OF CONTENTS

PART I. FINANCIAL INFORMATION
Item 1. Financial Statements
Condensed Consolidated Statement of Income	3
Condensed Consolidated Statement of Comprehensive Income	4
Condensed Consolidated Balance Sheet	5
Condensed Consolidated Statement of Cash Flows	6
Condensed Consolidated Statement of Changes in Equity	7
Notes to Condensed Consolidated Financial Statements
Note 1. Basis of Financial Statement Preparation	7
Note 2. Earnings Per Share	7
Note 3. Disclosures about Segments and Related Information	8
Note 4. Pension and Other Postretirement Benefits	10
Note 5. Other Comprehensive Income Information	11
Note 6. Financial Instruments and Derivatives	12
Note 7. Litigation and Other Contingencies	13
Note 8. Divestment Activities	14
Item 2. Management's Discussion and Analysis of Financial Condition and Results of Operations	15
Item 3. Quantitative and Qualitative Disclosures About Market Risk	27
Item 4. Controls and Procedures	27
PART II. OTHER INFORMATION
Item 1. Legal Proceedings	28
Item 2. Unregistered Sales of Equity Securities and Use of Proceeds	28
Item 5. Other Information	28
Item 6. Exhibits	28
Signature	29

3

PART I. FINANCIAL INFORMATION

ITEM 1. FINANCIAL STATEMENTS

The information in the Notes to Condensed Consolidated Financial Statements is an integral part of these statements.

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

CONDENSED CONSOLIDATED STATEMENT OF INCOME

(millions of dollars, unless noted)	Note Reference Number	Three Months Ended March 31,
		2026	2025
Revenues and other income
Sales and other operating revenue	3	83,161	81,058
Income from equity affiliates		1,369	1,369
Other income		608	703
Total revenues and other income		85,138	83,130
Costs and other deductions
Crude oil and product purchases		51,802	46,788
Production and manufacturing expenses		10,695	10,083
Selling, general and administrative expenses		2,684	2,540
Depreciation and depletion (includes impairments)		6,771	5,702
Exploration expenses, including dry holes		126	64
Non-service pension and postretirement benefit expense	4	62	113
Interest expense		295	205
Other taxes and duties		5,736	6,035
Total costs and other deductions		78,171	71,530
Income (loss) before income taxes		6,967	11,600
Income tax expense (benefit)		2,495	3,567
Net income (loss) including noncontrolling interests		4,472	8,033
Net income (loss) attributable to noncontrolling interests		289	320
Net income (loss) attributable to ExxonMobil		4,183	7,713
Earnings (loss) per common share (dollars)	2	1.00	1.76
Earnings (loss) per common share - assuming dilution (dollars)	2	1.00	1.76

4

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

(millions of dollars)	Three Months Ended March 31,
	2026	2025
Net income (loss) including noncontrolling interests	4,472	8,033
Other comprehensive income (net of income taxes)
Foreign exchange translation adjustment	(263)	302
Adjustment for foreign exchange translation (gain)/loss included in net income	(5)	—
Postretirement benefits reserves adjustment (excluding amortization)	(35)	(34)
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs	(27)	23
Total other comprehensive income (loss)	(330)	291
Comprehensive income (loss) including noncontrolling interests	4,142	8,324
Comprehensive income (loss) attributable to noncontrolling interests	194	330
Comprehensive income (loss) attributable to ExxonMobil	3,948	7,994

5

CONDENSED CONSOLIDATED BALANCE SHEET

(millions of dollars, unless noted)	Note Reference Number	March 31, 2026	December 31, 2025
ASSETS
Current assets
Cash and cash equivalents		8,435	10,681
Notes and accounts receivable – net		61,783	44,562
Inventories
Crude oil, products and merchandise		21,838	22,979
Materials and supplies		3,137	3,323
Other current assets		2,594	1,837
Total current assets		97,787	83,382
Investments, advances and long-term receivables		46,125	45,317
Property, plant and equipment – net		298,781	299,373
Other assets, including intangibles – net		21,717	20,908
Total Assets		464,410	448,980
LIABILITIES
Current liabilities
Notes and loans payable		14,531	9,296
Accounts payable and accrued liabilities		77,088	60,911
Income taxes payable		2,759	2,123
Total current liabilities		94,378	72,330
Long-term debt		33,130	34,241
Postretirement benefits reserves		8,940	8,847
Deferred income tax liabilities		40,018	40,216
Long-term obligations to equity companies		562	542
Other long-term obligations		26,386	26,178
Total Liabilities		203,414	182,354
Commitments and contingencies	7
EQUITY
Common stock without par value (9,000 million shares authorized, 8,019 million shares issued)		46,426	46,150
Earnings reinvested		482,344	482,494
Accumulated other comprehensive income	5	(11,098)	(10,863)
Common stock held in treasury (3,874 million shares at March 31, 2026 and 3,840 million shares at December 31, 2025)		(263,291)	(258,395)
ExxonMobil share of equity		254,381	259,386
Noncontrolling interests		6,615	7,240
Total Equity		260,996	266,626
Total Liabilities and Equity		464,410	448,980

6

CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS

(millions of dollars)	Three Months Ended March 31,
	2026	2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss) including noncontrolling interests	4,472	8,033
Depreciation and depletion (includes impairments)	6,771	5,702
Changes in operational working capital, excluding cash and debt	(1,758)	(878)
All other items – net	(780)	96
Net cash provided by operating activities	8,705	12,953
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to property, plant and equipment	(6,470)	(5,898)
Proceeds from asset sales and returns of investments	219	1,823
Additional investments and advances	(387)	(153)
Other investing activities including collection of advances	632	93
Net cash used in investing activities	(6,006)	(4,135)
CASH FLOWS FROM FINANCING ACTIVITIES
Additions to long-term debt	894	280
Reductions in long-term debt	(158)	(7)
Reductions in short-term debt (1)	(5,402)	(4,541)
Additions/(reductions) in commercial paper, and debt with three months or less maturity	9,075	(41)
Cash dividends to ExxonMobil shareholders	(4,334)	(4,335)
Cash dividends to noncontrolling interests	(168)	(141)
Changes in noncontrolling interests	61	(12)
Inflows from noncontrolling interests for major projects	—	22
Common stock acquired	(4,868)	(4,804)
Net cash used in financing activities	(4,900)	(13,579)
Effects of exchange rate changes on cash	(45)	86
Increase/(decrease) in cash and cash equivalents (including restricted)	(2,246)	(4,675)
Cash and cash equivalents at beginning of period (including restricted)	10,681	23,187
Cash and cash equivalents at end of period (including restricted)	8,435	18,512
SUPPLEMENTAL DISCLOSURES
Cash interest paid
Included in cash flows from operating activities	362	211
Capitalized, included in cash flows from investing activities	199	326
Total cash interest paid	561	537
Noncash right of use assets recorded in exchange for lease liabilities
Operating leases	938	243
Finance leases	20	6
(1) Includes commercial paper with a maturity greater than three months.

7

CONDENSED CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

	ExxonMobil Share of Equity
(millions of dollars, unless noted)	Common Stock	Earnings Reinvested	Accumulated Other Comprehensive Income	Common Stock Held in Treasury	ExxonMobil Share of Equity	Non- controlling Interests	Total Equity
Balance as of December 31, 2024	46,238	470,903	(14,619)	(238,817)	263,705	6,901	270,606
Amortization of stock-based awards	194	—	—	—	194	—	194
Other	(6)	9	—	—	3	(4)	(1)
Net income (loss) for the period	—	7,713	—	—	7,713	320	8,033
Dividends - common shares	—	(4,335)	—	—	(4,335)	(141)	(4,476)
Other comprehensive income (loss)	—	—	281	—	281	10	291
Share repurchases, at cost	—	—	—	(4,852)	(4,852)	—	(4,852)
Dispositions	—	—	—	11	11	—	11
Balance as of March 31, 2025	46,426	474,290	(14,338)	(243,658)	262,720	7,086	269,806
Balance as of December 31, 2025	46,150	482,494	(10,863)	(258,395)	259,386	7,240	266,626
Amortization of stock-based awards	304	—	—	—	304	—	304
Other	(28)	1	—	—	(27)	(637)	(664)
Net income (loss) for the period	—	4,183	—	—	4,183	289	4,472
Dividends - common shares	—	(4,334)	—	—	(4,334)	(182)	(4,516)
Other comprehensive income (loss)	—	—	(235)	—	(235)	(95)	(330)
Share repurchases, at cost	—	—	—	(4,917)	(4,917)	—	(4,917)
Dispositions	—	—	—	21	21	—	21
Balance as of March 31, 2026	46,426	482,344	(11,098)	(263,291)	254,381	6,615	260,996

	Three Months Ended March 31, 2026			Three Months Ended March 31, 2025
Common Stock Share Activity (millions of shares)	Issued	Held in Treasury	Outstanding	Issued	Held in Treasury	Outstanding
Balance as of December 31	8,019	(3,840)	4,179	8,019	(3,666)	4,353
Share repurchases, at cost	—	(34)	(34)	—	(43)	(43)
Balance as of March 31	8,019	(3,874)	4,145	8,019	(3,709)	4,310

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

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

Note 1. Basis of Financial Statement Preparation

These unaudited Condensed Consolidated Financial Statements should be read in the context of the Consolidated Financial

Statements and notes thereto filed with the Securities and Exchange Commission in the Corporation's 2025 Annual Report on

Form 10-K. In the opinion of the Corporation, the information furnished herein reflects all known accruals and adjustments

necessary for a fair statement of the results for the periods reported herein. All such adjustments are of a normal recurring

nature.

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

Note 2. Earnings Per Share

Earnings per common share	Three Months Ended March 31,
	2026	2025
Net income (loss) attributable to ExxonMobil (millions of dollars)	4,183	7,713
Weighted-average number of common shares outstanding (millions of shares) (1)	4,202	4,372
Earnings (loss) per common share (dollars) (2)	1.00	1.76
Dividends paid per common share (dollars)	1.03	0.99
(1) Includes restricted shares not vested.
(2) Earnings (loss) per common share and earnings (loss) per common share – assuming dilution are the same in each period shown.

8

Note 3. Disclosures about Segments and Related Information

Our four reportable segments are Upstream, Energy Products, Chemical Products, and Specialty Products.

(millions of dollars)	Upstream		Energy Products		Chemical Products		Specialty Products		Segment Total
	U.S.	Non-U.S.	U.S.	Non-U.S.	U.S.	Non-U.S.	U.S.	Non-U.S.
Three Months Ended March 31, 2026
Revenues and other income
Sales and other operating revenue	7,265	2,813	25,990	37,204	1,970	3,504	1,372	3,018	83,136
Income from equity affiliates	(61)	906	34	438	32	102	1	(18)	1,434
Intersegment revenue	7,593	10,023	6,421	7,105	1,692	977	496	140	34,447
Other income	246	39	29	51	—	1	3	29	398
Segment revenues and other income	15,043	13,781	32,474	44,798	3,694	4,584	1,872	3,169	119,415
Costs and other items
Crude oil and product purchases	6,083	2,843	28,194	39,967	1,950	3,561	972	2,109	85,679
Operating expenses, excl. depreciation and depletion (1)	3,035	2,513	2,313	2,117	1,175	1,038	502	497	13,190
Depreciation and depletion (includes impairments)	3,838	1,870	207	216	149	157	23	38	6,498
Interest expense	(5)	6	2	3	—	—	1	—	7
Other taxes and duties	68	329	731	4,492	15	47	4	50	5,736
Total costs and other deductions	13,019	7,561	31,447	46,795	3,289	4,803	1,502	2,694	111,110
Segment income (loss) before income taxes	2,024	6,220	1,027	(1,997)	405	(219)	370	475	8,305
Income tax expense (benefit)	450	1,956	301	(201)	86	(17)	97	90	2,762
Segment net income (loss) incl. noncontrolling interests	1,574	4,264	726	(1,796)	319	(202)	273	385	5,543
Net income (loss) attributable to noncontrolling interests	—	101	65	127	—	7	(1)	8	307
Segment income (loss)	1,574	4,163	661	(1,923)	319	(209)	274	377	5,236
Reconciliation of consolidated revenues
Segment revenues and other income			119,415
Other revenues (2)			170
Elimination of intersegment revenues			(34,447)
Total consolidated revenues and other income			85,138
Reconciliation of income (loss) attributable to ExxonMobil
Total segment income (loss)			5,236
Corporate and Financing income (loss)			(1,053)
Net income (loss) attributable to ExxonMobil			4,183
(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, 2026
Additions to property, plant and equipment (3)	3,275	1,885	851	166	152	25	34	19	6,407
As of March 31, 2026
Investments in equity companies	5,669	19,909	463	1,479	2,931	2,627	—	752	33,830
Total assets	153,871	137,240	39,224	54,765	17,682	18,097	2,887	7,843	431,609
Reconciliation to Corporate Total	Segment Total		Corporate and Financing		Corporate Total
Three Months Ended March 31, 2026
Additions to property, plant and equipment (3)	6,407		347		6,754
As of March 31, 2026
Investments in equity companies	33,830		(117)		33,713
Total assets	431,609		32,801		464,410
(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 $206 million.
(3) Includes non-cash additions.

9

(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 December 31, 2025
Investments in equity companies	5,491	19,429	460	1,048	2,946	2,616	—	775	32,765
Total assets	153,042	134,529	32,652	47,265	17,365	17,991	2,961	8,020	413,825
Reconciliation to Corporate Total	Segment Total		Corporate and Financing		Corporate Total
Three Months Ended March 31, 2025
Additions to property, plant and equipment (3)	5,510		519		6,029
As of December 31, 2025
Investments in equity companies	32,765		(112)		32,653
Total assets	413,825		35,155		448,980
(1) Operating expenses, excl. depreciation and depletion includes the following GAAP line items, as reflected on the Income Statement: Production and manufacturing expenses; Selling, general and administrative expenses; Exploration expenses, including dry holes; and Non-service pension and postretirement benefit expense.
(2) Primarily Corporate and Financing Interest revenue of $363 million.
(3) Includes non-cash additions.

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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,
	2026	2025
Revenue from contracts with customers	56,866	56,931
Revenue outside the scope of ASC 606	26,295	24,127
Total	83,161	81,058

Geographic Sales and Other Operating Revenue (millions of dollars)	Three Months Ended March 31,
	2026	2025
United States	36,627	34,607
Non-U.S.	46,534	46,451
Total	83,161	81,058
Significant Non-U.S. revenue sources include: (1)
Canada	7,483	6,990
(1) Revenue is determined by primary country of operations. Excludes certain sales and other operating revenues in non-U.S. operations where attribution to a specific country is not practicable.

Note 4. Pension and Other Postretirement Benefits

(millions of dollars)	Three Months Ended March 31,
	2026	2025
Components of net benefit cost
Pension Benefits - U.S.
Service cost	127	136
Interest cost	165	170
Expected return on plan assets	(164)	(149)
Amortization of actuarial loss/(gain)	5	18
Amortization of prior service cost	(8)	(7)
Net pension enhancement and curtailment/settlement cost	(1)	36
Net benefit cost	124	204
Pension Benefits - Non-U.S.
Service cost	72	78
Interest cost	239	222
Expected return on plan assets	(231)	(221)
Amortization of actuarial loss/(gain)	(10)	9
Amortization of prior service cost	15	13
Net pension enhancement and curtailment/settlement cost	28	—
Net benefit cost	113	101
Other Postretirement Benefits
Service cost	21	23
Interest cost	65	65
Expected return on plan assets	(4)	(4)
Amortization of actuarial loss/(gain)	(22)	(24)
Amortization of prior service cost	(15)	(15)
Net benefit cost	45	45

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Note 5. Other Comprehensive Income Information

ExxonMobil Share of Accumulated Other Comprehensive Income (millions of dollars)	Cumulative Foreign Exchange Translation Adjustment	Postretirement Benefits Reserves Adjustment	Total
Balance as of December 31, 2024	(16,166)	1,547	(14,619)
Current period change excluding amounts reclassified from accumulated other comprehensive income (1)	295	(36)	259
Amounts reclassified from accumulated other comprehensive income	—	22	22
Total change in accumulated other comprehensive income	295	(14)	281
Balance as of March 31, 2025	(15,871)	1,533	(14,338)
Balance as of December 31, 2025	(13,398)	2,535	(10,863)
Current period change excluding amounts reclassified from accumulated other comprehensive income (1)	(174)	(29)	(203)
Amounts reclassified from accumulated other comprehensive income	(5)	(27)	(32)
Total change in accumulated other comprehensive income	(179)	(56)	(235)
Balance as of March 31, 2026	(13,577)	2,479	(11,098)
(1) Cumulative Foreign Exchange Translation Adjustment includes net investment hedge gain/(loss) net of taxes of $55 million and $(99) million in 2026 and 2025, respectively.

Amounts Reclassified Out of Accumulated Other Comprehensive Income - Before-tax Income/(Expense) (millions of dollars)	Three Months Ended March 31,
	2026	2025
Foreign exchange translation gain/(loss) included in net income (Statement of Income line: Other income)	5	—
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)	35	(30)

Income Tax (Expense)/Credit For Components of Other Comprehensive Income (millions of dollars)	Three Months Ended March 31,
	2026	2025
Foreign exchange translation adjustment	57	59
Postretirement benefits reserves adjustment (excluding amortization)	1	22
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs	8	(7)
Total	66	74

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Note 6. Financial Instruments and Derivatives

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

hierarchy level for the fair value measurement was as follows:

	March 31, 2026
(millions of dollars)	Fair Value
	Level 1	Level 2	Level 3	Total Gross Assets & Liabilities	Effect of Counterparty Netting	Effect of Collateral Netting	Difference in Carrying Value and Fair Value	Net Carrying Value
Assets
Derivative assets (1)	42,237	8,357	—	50,594	(47,389)	(281)	—	2,924
Advances to/receivables from equity companies (2)(3)	—	1,369	4,134	5,503	—	—	226	5,729
Other long-term financial assets (4)	1,552	—	1,788	3,340	—	—	228	3,568
Liabilities
Derivative liabilities (5)	44,879	8,430	—	53,309	(47,389)	(2,912)	—	3,008
Long-term debt (6)	23,269	4,108	—	27,377	—	—	3,382	30,759
Long-term obligations to equity companies (3)	—	—	562	562	—	—	—	562
Other long-term financial liabilities (7)	—	—	352	352	—	—	13	365

	December 31, 2025
(millions of dollars)	Fair Value
	Level 1	Level 2	Level 3	Total Gross Assets & Liabilities	Effect of Counterparty Netting	Effect of Collateral Netting	Difference in Carrying Value and Fair Value	Net Carrying Value
Assets
Derivative assets (1)	5,197	2,259	—	7,456	(6,261)	(341)	—	854
Advances to/receivables from equity companies (2)(3)	—	1,935	3,938	5,873	—	—	256	6,129
Other long-term financial assets (4)	1,536	—	1,800	3,336	—	—	216	3,552
Liabilities
Derivative liabilities (5)	4,994	2,043	—	7,037	(6,261)	(141)	—	635
Long-term debt (6)	24,678	3,909	—	28,587	—	—	3,248	31,835
Long-term obligations to equity companies (3)	—	—	542	542	—	—	—	542
Other long-term financial liabilities (7)	—	—	348	348	—	—	16	364
(1) Included in the Balance Sheet lines: Notes and accounts receivable - net and Other assets, including intangibles - net.
(2) Included in the Balance Sheet line: Investments, advances and long-term receivables.
(3) Advances to/receivables from equity companies and long-term obligations to equity companies are mainly designated as hierarchy level 3 inputs. The fair value is calculated by discounting the remaining obligations by a rate consistent with the credit quality and industry of the equity company.
(4) Included in the Balance Sheet lines: Investments, advances and long-term receivables and Other assets, including intangibles - net.
(5) Included in the Balance Sheet lines: Accounts payable and accrued liabilities and Other long-term obligations.
(6) Excluding finance lease obligations.
(7) Included in the Balance Sheet line: Other long-term obligations. Includes contingent consideration related to a prior year acquisition where fair value is based on expected drilling activities and discount rates.

13

At March 31, 2026 and December 31, 2025, respectively, the Corporation had $1.9 billion and $0.5 billion of collateral under

master netting arrangements not offset against the derivatives on the Condensed Consolidated Balance Sheet, primarily related

to initial margin requirements.

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

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

due to foreign exchange fluctuations is reported in accumulated other comprehensive income. As of March 31, 2026, the

Corporation has designated $3.4 billion of its Euro-denominated debt and related accrued interest as a net investment hedge of

its European business. The net investment hedge is deemed to be perfectly effective.

The Corporation had undrawn short-term committed lines of credit of $7.3 billion and undrawn long-term committed lines of

credit of $0.3 billion as of the end of first quarter 2026.

Derivative Instruments

The Corporation’s size, strong capital structure, geographic diversity, and the complementary nature of its business segments

reduce the Corporation’s enterprise-wide risk from changes in commodity prices, currency rates, and interest rates. In addition,

the Corporation uses commodity-based contracts, including derivatives, to manage commodity price risk and to generate returns

from trading. Commodity contracts held for trading purposes are presented in the Condensed Consolidated Statement of Income

on a net basis in the line “Sales and other operating revenue" and in the Consolidated Statement of Cash Flows in “Cash Flows

from Operating Activities” and included before-tax realized and unrealized losses of $3.8 billion and gains of $19 million for

the periods ended March 31, 2026 and 2025, respectively. The Corporation’s commodity derivatives are not accounted for

under hedge accounting. At times, the Corporation also enters into currency and interest rate derivatives, none of which are

material to the Corporation’s financial position as of March 31, 2026 and December 31, 2025, or results of operations for the

periods ended March 31, 2026 and 2025.

The Corporation operates a program to hedge certain of its fixed-rate debt instruments against changes in fair value due to

changes in the designated benchmark interest rate. This program utilizes fair value hedge accounting. The derivative (hedging)

instruments are fixed-for-floating interest rate swaps, with settlement dates that correspond to the interest payments associated

with the fixed-rate debt (hedged item). Changes in the fair values of the hedging instruments are perfectly offset by changes in

the fair values of the hedged items; the effects of these changes in fair values are recorded in "Interest expense" in the

Consolidated Statement of Income. This program was not material to the Consolidated Financial Statements as of the end of

first quarter 2026.

Credit risk associated with the Corporation’s derivative position is mitigated by several factors, including the use of derivative

clearing exchanges and the quality of and financial limits placed on derivative counterparties. The Corporation maintains a

system of controls that includes the authorization, reporting, and monitoring of derivative activity.

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

(millions)	March 31, 2026	December 31, 2025
Crude oil (barrels)	25	6
Petroleum products (barrels)	(47)	(27)
Natural gas (MMBTUs)	(658)	(449)

Note 7. Litigation and Other Contingencies

Litigation

A variety of claims have been made against ExxonMobil and certain of its consolidated subsidiaries in a number of pending

lawsuits. Management has regular litigation reviews, including updates from corporate and outside counsel, to assess the need

for accounting recognition or disclosure of these contingencies. The Corporation accrues an undiscounted liability for those

contingencies where the incurrence of a loss is probable and the amount can be reasonably estimated. If a range of amounts can

be reasonably estimated and no amount within the range is a better estimate than any other amount, then the minimum of the

range is accrued. The Corporation does not record liabilities when the likelihood that the liability has been incurred is probable

but the amount cannot be reasonably estimated or when the liability is believed to be only reasonably possible or remote. For

contingencies where an unfavorable outcome is reasonably possible and which are significant, the Corporation discloses the

nature of the contingency and, where feasible, an estimate of the possible loss. For purposes of our contingency disclosures,

“significant” includes material matters, as well as other matters, which management believes should be disclosed.

14

State and local governments and other entities in various jurisdictions across the United States and its territories have filed a

number of legal proceedings against several oil and gas companies, including ExxonMobil, requesting unprecedented legal and

equitable relief for various alleged injuries purportedly connected to climate change. These lawsuits assert a variety of novel,

untested claims under statutory and common law. Additional such lawsuits may be filed. We believe the legal and factual

theories set forth in these proceedings are meritless and represent an inappropriate attempt to use the court system to usurp the

proper role of policymakers in addressing the societal challenges of climate change.

Local governments in Louisiana have filed unprecedented legal proceedings against a number of oil and gas companies,

including ExxonMobil, requesting compensation for the restoration of coastal marsh erosion in the state. We believe the factual

and legal theories set forth in these proceedings are meritless.

While the outcome of any litigation can be unpredictable, we believe the likelihood is remote that the ultimate outcomes of

these lawsuits will have a material adverse effect on the Corporation’s operations, financial condition, or financial statements

taken as a whole. We will continue to defend vigorously against these claims.

Other Contingencies

The Corporation and certain of its consolidated subsidiaries were contingently liable at March 31, 2026, for guarantees relating

to notes, loans and performance under contracts. Where guarantees for environmental remediation and other similar matters do

not include a stated cap, the amounts reflect management’s estimate of the maximum potential exposure. Where it is not

possible to make a reasonable estimation of the maximum potential amount of future payments, future performance is expected

to be either immaterial or have only a remote chance of occurrence.

	March 31, 2026
(millions of dollars)	Equity Company Obligations (1)	Other Third-Party Obligations	Total
Guarantees
Non-debt-related	665	5,832	6,497
Total	665	5,832	6,497
(1) ExxonMobil share.

Additionally, the Corporation and its affiliates have numerous long-term sales and purchase commitments in their various

business activities, all of which are expected to be fulfilled with no adverse consequences material to the Corporation’s

operations or financial condition.

Note 8. Divestment Activities

Through March 31, 2026, the Corporation realized proceeds of approximately $0.2 billion from its divestment activities with

negligible impact on after-tax earnings. This included the sale of certain conventional assets in the United States, as well as

other smaller divestments.

In 2025, the Corporation realized proceeds of approximately $3.2 billion and recognized net after-tax earnings of approximately

$1.1 billion from its divestment activities. This included the sale of the Singapore retail fuels business, Mobil Argentina S.A.,

Product Solutions affiliates in France, certain conventional and unconventional assets in the United States, and other smaller

divestments.

15

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

RESULTS OF OPERATIONS

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

FORWARD-LOOKING STATEMENTS

Statements related to future events; projections; descriptions of strategic, operating, and financial plans and objectives;

statements of future ambitions and plans; future earnings power; potential addressable markets; and other statements of future

events or conditions are forward-looking statements. Similarly, discussion of future plans related to carbon capture,

transportation and storage, lower-emission fuels, hydrogen and ammonia, direct air capture, ProxximaTM systems, carbon

materials, lithium, low-carbon data centers, and other future plans to reduce emissions and emission intensity of ExxonMobil,

its affiliates, and third parties are dependent on future market factors, such as continued technological progress, stable policy

support and timely rule-making and permitting, and represent forward-looking statements.

Actual future results, including financial and operating performance; potential earnings, cash flow, dividends or shareholder

returns, including the timing and amounts of share repurchases; total capital expenditures and mix, including allocations of

capital to low carbon and other new investments; realization and maintenance of structural cost reductions and efficiency gains,

including the ability to offset inflationary pressure; plans to reduce future emissions and emissions intensity, including

ambitions to reach Scope 1 and Scope 2 net zero from operated assets by 2050, to reach Scope 1 and 2 net zero in integrated

Upstream Permian Basin unconventional operated assets by 2035, to eliminate routine flaring in-line with World Bank Zero

Routine Flaring, to reach near-zero methane emissions from operated assets and other methane initiatives; and to meet

ExxonMobil’s emission reduction plans and goals, divestment and start-up plans, and associated project plans as well as

technology advances, including the timing and outcome of projects to capture, transport and store CO2, produce hydrogen and

ammonia, produce lower-emission fuels, produce ProxximaTM systems, produce carbon materials, produce lithium, and use

plastic waste as feedstock for advanced recycling; future debt levels and credit ratings; business and project plans, timing, costs,

capacities and profitability; resource recoveries and production rates; and planned Denbury and Pioneer integrated benefits,

could differ materially due to a number of factors.

These include global or regional changes or imbalances in the supply and demand for oil, natural gas, petrochemicals, and

feedstocks and other market factors; economic conditions and seasonal fluctuations that impact prices, differentials, margins,

and volume/mix for our products; developments or changes in local, national, or international laws, regulations, taxes, trade

sanctions, trade tariffs, or policies affecting our business, such as government policies supporting lower carbon and new market

investment opportunities, the punitive European taxes on the oil and gas sector and unequal support for different technological

methods of emissions reduction or evolving, ambiguous and unharmonized voluntary or mandatory standards or extraterritorial

laws and regulations imposed by various jurisdictions related to sustainability and greenhouse gas reporting; timely granting of

governmental permits, licenses, and certifications; uncertain impacts of deregulation on the legal and regulatory environment;

price impacts and the broader government responses to inflationary pressures; changes in interest and exchange rates; variable

impacts of trading activities and derivative positions, including timing effects, on our margins and results each quarter; actions

of co-venturers or partners, competitors and commercial counterparties, including suppliers and customers; government actions

in pursuit of national energy and security policies and priorities affecting our business; the outcome of commercial negotiations,

including final agreed terms and conditions; the outcome of competitive bidding and project awards; the ability to access debt

markets on favorable terms or at all; the occurrence, pace, rate of recovery and effects of public health crises; adoption of

regulatory incentives consistent with law; reservoir performance and optimization, including variability and timing factors

applicable to unconventional resources, the success of new unconventional technologies, and the ability of new technologies to

improve recovery relative to competitors; the level, outcome, and timing of exploration and development projects and decisions

to invest in future reserves and resources; timely completion of construction projects and commencement of start-up operations,

including reliance on third-party suppliers and service providers; final management approval of future projects and any changes

in the scope, terms, costs or assumptions of such projects as approved; the actions of governments, non-governmental

organizations, or other actors against our core business activities and acquisitions, divestitures or financing opportunities; war,

civil unrest, armed hostilities, attacks against the company or industry, and other geopolitical or security disturbances, including

disruption of land or sea transportation routes or distribution or shipping channels; decoupling of economies; disruption,

realignment, or breaking of current or historical trade or military alliances or global trade and supply chain networks; escalating

geopolitical volatility, including regime changes; expropriations, seizure, or capacity, insurance, shipping, import or export

limitations imposed directly or indirectly by governments or laws; opportunities for potential acquisitions, investments or

divestments and satisfaction of applicable conditions to closing, including timely regulatory approvals; the capture of

efficiencies within and between business lines and the ability to maintain near-term cost reductions as ongoing efficiencies

without impairing our competitive positioning; unforeseen technical or operating disruptions or difficulties and unplanned

maintenance; the development and competitiveness of alternative energy and emission reduction technologies; consumer

preferences including willingness and ability to pay for reduced emission products; the results of research programs and the

16

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 2025 Form 10-K.

Forward-looking and other statements regarding environmental and other sustainability efforts and aspirations are not an

indication that these statements are material to investors or require disclosure in our filing with the SEC or any other regulatory

authority. In addition, historical, current, and forward-looking environmental and other 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.

Actions needed to advance ExxonMobil’s 2030 greenhouse gas emission-reductions plans are incorporated into its medium

term business plans, which are updated annually. The reference case for planning beyond 2030 is based on ExxonMobil’s

Global Outlook (Outlook) research and publication. The Outlook is reflective of the existing global policy environment and an

assumption of increasing policy stringency and technology improvement to 2050. Current trends for policy stringency and

development of lower-emission solutions are not yet on a pathway to achieve net-zero by 2050. As such, the Outlook does not

project the degree of required future policy and technology advancement and deployment for the world, or ExxonMobil, to

meet net zero by 2050. As future policies and technology advancements emerge, they will be incorporated into the Outlook, and

ExxonMobil’s business plans will be updated accordingly. References to projects or opportunities may not reflect investment

decisions made by ExxonMobil or its affiliates. Individual projects or opportunities may advance based on a number of factors,

including availability of stable and supportive policy, permitting, technological advancement for cost-effective abatement,

insights from the Corporate planning process, and alignment with our partners and other stakeholders. Capital investment

guidance in lower-emission investments is based on our Corporate plan; however, actual investment levels will be subject to the

availability of the opportunity set and public policy support, and focused on returns.

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.

17

Overview

Supply disruptions driven by geopolitical events in the Middle East impacted market conditions during the first quarter of 2026.

March experienced the largest ever monthly gain in oil prices driven by reduced global oil supply. Despite a sharp increase in

March, first quarter 2026 average crude oil prices increased slightly relative to fourth quarter 2025, remaining in the middle of

the 10-year historical range (2010-2019). Significant LNG supply decline in March resulted in higher prices in Europe and

Asia, driving natural gas prices above the 10-year average. Feedstock shortages resulted in lower refinery runs in the Middle

East and Asia with global industry refining margins remaining above the 10-year historical range. Chemical margins remained

at bottom of cycle, well below the 10-year range, because of higher feedstock costs, particularly in Asia.

During 2025, the U.S. and other countries implemented and adjusted a variety of trade-related measures, including tariffs on

certain imports. Based on the Corporation’s assessment of these actions and their effects to date, we do not expect them to have

a material impact on the Corporation's consolidated financial position, results of operations, or cash flows.

Selected Earnings Driver Definitions

The earnings drivers provide additional visibility into our business results. The Corporation evaluates these drivers periodically

to determine if any enhancements may provide helpful insights to the market. Listed below are descriptions of the earnings

drivers:

Advantaged Volume Growth. Represents earnings impacts from change in volume/mix from advantaged assets, advantaged

projects, and high-value products.

•Advantaged Assets (Advantaged growth projects). Includes Permian, Guyana, and LNG.

•Advantaged Projects. Includes capital projects and programs of work that contribute to Energy, Chemical, and/or

Specialty Products segments that drive integration of segments/businesses, increase yield of higher value products, or

deliver higher than average returns.

•High-Value Products. Includes performance products and lower-emission fuels. Performance products (performance

chemicals, performance lubricants) refers to products that provide differentiated performance for multiple applications

through enhanced properties versus commodity alternatives and bring significant additional value to customers and

end-users. Lower-emission fuels refers to fuels with lower life cycle emissions than conventional transportation fuels

for gasoline, diesel and jet transport.

Base Volume. Represents all volume/mix drivers not included in Advantaged Volume Growth defined above.

Structural Cost Savings. Represents after-tax earnings effects of Structural Cost Savings as defined on page 19, including cash

operating expenses related to divestments.

Expenses. Represents all expenses otherwise not included in other earnings drivers.

Estimated Timing Effects. Represents timing effects that are primarily related to unsettled derivatives which are required to be

marked to current period-end prices (mark-to-market), where the associated physical shipments are not reflected in earnings

until the physical transaction is complete. It also includes estimated recognition differences between the settlement of

derivatives and their offsetting physical commodity realizations (due to LIFO inventory accounting). Impacts are expected to

unwind in subsequent periods.

Identified Items. Represents individually significant non-operational events with, typically, an absolute corporate total earnings

impact of at least $250 million in a given quarter. The impact of an Identified Item for an individual segment may be less than

$250 million when the item impacts several segments or several periods.

18

Cash Capital Expenditures (Non-GAAP)

Cash capital expenditures (Cash Capex) is the sum of "Additions to property, plant and equipment", "Additional investments

and advances", and "Other investing activities including collection of advances", reduced by "Inflows from noncontrolling

interests for major projects", each from the Consolidated Statement of Cash Flows, and excludes advances and collections not

related to capital expenditures or equity investments, for example, supply and marketing related advances and associated

collections. This measure is useful for investors to understand the current period cash impact of investments in the business.

(millions of dollars)	Three Months Ended March 31,
	2026	2025
Additions to property, plant and equipment	6,470	5,898
Additional investments and advances	387	153
Other investing activities including collection of advances	(632)	(93)
Inflows from noncontrolling interests for major projects	—	(22)
Less: Advances and collections not related to capital expenditures or equity investments	(38)	—
Total Cash Capex (Non-GAAP)	6,187	5,936
Upstream	4,812	4,993
Energy Products	998	378
Chemical Products	182	291
Specialty Products	55	110
Other	140	164
Total Cash Capex (Non-GAAP)	6,187	5,936

19

Structural Cost Savings (Non-GAAP)

Structural Cost Savings describes decreases in cash opex excluding energy and production taxes as a result of operational

efficiencies, workforce reductions, divestment-related reductions, and other cost-savings measures that are expected to be

sustainable compared to 2019 levels. Relative to 2019, estimated cumulative Structural Cost Savings totaled $15.6 billion,

which included an additional $0.6 billion in the first three months of 2026. The total change between periods in expenses below

will reflect both Structural Cost Savings and other changes in spend, including market factors, such as inflation and foreign

exchange impacts, as well as changes in activity levels and costs associated with new operations, mergers and acquisitions, new

business venture development, and early-stage projects. Structural Cost Savings from new operations, mergers and acquisitions,

and new business venture developments are included in the cumulative Structural Cost Savings. Estimates of cumulative annual

structural savings may be revised depending on whether cost reductions realized in prior periods are determined to be

sustainable compared to 2019 levels. Structural Cost Savings are stewarded internally to support management's oversight of

spending over time. This measure is useful for investors to understand the Corporation's efforts to optimize spending through

disciplined expense management.

Dollars in billions (unless otherwise noted)	Twelve Months Ended December 31,		Three Months Ended March 31,
	2019	2025	2025	2026
Components of Operating Costs
From ExxonMobil’s Consolidated Statement of Income (U.S. GAAP)
Production and manufacturing expenses	36.8	42.4	10.1	10.7
Selling, general and administrative expenses	11.4	11.1	2.5	2.7
Depreciation and depletion (includes impairments)	19.0	26.0	5.7	6.8
Exploration expenses, including dry holes	1.3	1.0	0.1	0.1
Non-service pension and postretirement benefit expense	1.2	0.4	0.1	0.1
Subtotal	69.7	81.0	18.5	20.3
ExxonMobil’s share of equity company expenses (Non-GAAP)	9.1	10.6	2.6	2.3
Total Adjusted Operating Costs (Non-GAAP)	78.8	91.6	21.1	22.6
Total Adjusted Operating Costs (Non-GAAP)	78.8	91.6	21.1	22.6
Less:
Depreciation and depletion (includes impairments)	19.0	26.0	5.7	6.8
Non-service pension and postretirement benefit expense	1.2	0.4	0.1	0.1
Other adjustments (includes equity company depreciation and depletion)	3.6	6.2	1.3	1.3
Total Cash Operating Expenses (Cash Opex) (Non-GAAP)	55.0	59.0	14.1	14.5
Energy and production taxes (Non-GAAP)	11.0	14.9	3.9	3.7
Total Cash Operating Expenses (Cash Opex) excluding Energy and Production Taxes (Non-GAAP)	44.0	44.1	10.2	10.8
		Change vs 2019		Change vs 2025	Estimated Cumulative vs 2019
Total Cash Operating Expenses (Cash Opex) excluding Energy and Production Taxes (Non-GAAP)		0.1		0.6
Market		+4.9		+0.5
Activity / Other		+10.3		+0.6
Structural Cost Savings		-15.1		-0.6	-15.6

20

REVIEW OF FIRST QUARTER 2026 RESULTS

ExxonMobil’s first quarter 2026 earnings were $4.2 billion, compared to $7.7 billion a year earlier. The decrease in earnings

was mainly driven by unfavorable mark-to-market effects, higher expenses related to depreciation and Middle East volume

impacts; partly offset by higher prices and margins, increased volumes from advantaged Upstream investments in Guyana and

the Permian and structural cost savings. Cash capital expenditures were $6.2 billion, up $0.3 billion from first quarter 2025.

UPSTREAM

Upstream Financial Results	Three Months Ended March 31,
(millions of dollars)	2026	2025
Earnings (loss) (U.S. GAAP)
United States	1,574	1,870
Non-U.S.	4,163	4,886
Total	5,737	6,756

Upstream First Quarter Earnings Driver Analysis (millions of dollars)

Price – Decreased earnings by $280 million, on lower gas realizations, partially offset by higher crude realizations.

Advantaged Volume Growth – Increased earnings by $610 million, mainly driven by record Guyana production, partially offset

by Middle East disruption impacts.

Base Volume – Decreased earnings by $380 million, from divestments and Kazakhstan downtime.

Structural Cost Savings – Increased earnings by $170 million.

Expenses – Decreased earnings by $650 million due to higher depreciation.

Other – Increased earnings by $200 million, primarily driven by one-time tax items.

Estimated Timing Effects – Decreased earnings by $690 million, mainly from unfavorable derivatives mark-to-market impacts

to be reversed over time.

21

Upstream Operational Results	Three Months Ended March 31,
	2026	2025
Net production of crude oil, natural gas liquids, bitumen and synthetic oil (thousands of barrels daily)
United States	1,586	1,418
Canada/Other Americas	936	760
Europe	3	4
Africa	138	137
Asia	611	796
Australia/Oceania	23	24
Worldwide	3,297	3,139
Net natural gas production available for sale (millions of cubic feet daily)
United States	3,589	3,266
Canada/Other Americas	28	42
Europe	313	331
Africa	114	118
Asia	2,500	3,457
Australia/Oceania	1,236	1,256
Worldwide	7,779	8,470
Oil-equivalent production (1)	4,594	4,551
(thousands of oil-equivalent barrels daily)
(1) Natural gas is converted to an oil-equivalent basis at six million cubic feet per one thousand barrels.

Upstream Additional Information (thousands of barrels daily)	Three Months Ended March 31,
Volumes reconciliation (Oil-equivalent production) (1)
2025	4,551
Entitlements - Net Interest	(27)
Entitlements - Price / Spend / Other	(7)
Government Mandates	(4)
Divestments	(71)
Growth / Other	152
2026	4,594
(1) Natural gas is converted to an oil-equivalent basis at six million cubic feet per one thousand barrels.

1Q 2026 versus 1Q 2025 1Q 2026 production of 4.6 million oil-equivalent barrels per day increased 43 thousand oil- equivalent barrels per day from 1Q 2025, driven by Permian and Guyana growth, partially offset by Middle East disruptions and Kazakhstan downtime.

Listed below are descriptions of ExxonMobil’s volumes reconciliation drivers 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 drivers. These drivers 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 / Other are changes to ExxonMobil’s share of production volumes resulting from temporary

changes to non-operational volume-determining drivers. These drivers 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

22

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 drivers 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 production limits or sanctions

imposed by governments.

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 drivers not covered by the above definitions that may

affect volumes attributable to ExxonMobil. Such drivers 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.

ENERGY PRODUCTS

Energy Products Financial Results	Three Months Ended March 31,
(millions of dollars)	2026	2025
Earnings (loss) (U.S. GAAP)
United States	661	297
Non-U.S.	(1,923)	530
Total	(1,262)	827

Energy Products First Quarter Earnings Driver Analysis (millions of dollars)

Margin – Increased earnings by $2,420 million, including strong results from trading and optimization.

Advantaged Volume Growth – Increased earnings by $150 million.

Base Volume – Decreased earnings by $260 million, mainly driven by Middle East supply disruptions.

Structural Cost Savings – Increased earnings by $160 million.

Expenses – Decreased earnings by $250 million, driven by scheduled maintenance and growth projects.

Other – Decreased earnings by $270 million, driven by unfavorable foreign exchange rate effects.

Estimated Timing Effects – Decreased earnings by $3,330 million, on unfavorable derivative mark-to-market impacts.

Identified Items – 1Q26 $(706) million loss due to supply disruptions in the Middle East preventing physical shipments

associated with hedges.

23

Energy Products Operational Results	Three Months Ended March 31,
(thousands of barrels daily)	2026	2025
Refinery throughput
United States	1,795	1,789
Canada	384	397
Europe	733	986
Asia Pacific	386	447
Other	195	191
Worldwide	3,494	3,810
Energy Products sales (1)
United States	3,214	2,728
Non-U.S.	2,416	2,555
Worldwide	5,630	5,283
Gasoline, naphthas	2,214	2,162
Heating oils, kerosene, diesel	1,672	1,724
Aviation fuels	399	366
Heavy fuels	187	158
Other energy products	1,158	873
Worldwide	5,630	5,283
(1) Data reported net of purchases/sales contracts with the same counterparty.

24

CHEMICAL PRODUCTS

Chemical Products Financial Results	Three Months Ended March 31,
(millions of dollars)	2026	2025
Earnings (loss) (U.S. GAAP)
United States	319	255
Non-U.S.	(209)	18
Total	110	273

Chemical Products First Quarter Earnings Driver Analysis (millions of dollars)

Margin – Compressed margins decreased earnings by $340 million on lower realizations and increased feed costs.

Advantaged Volume Growth – Increased earnings by $50 million.

Base Volume – Increased earnings by $90 million.

Structural Cost Savings – Increased earnings by $70 million.

Expenses – Decreased earnings by $40 million.

Other – Increased earnings by $10 million.

Chemical Products Operational Results	Three Months Ended March 31,
(thousands of metric tons)	2026	2025
Chemical Products sales (1)
United States	1,904	1,706
Non-U.S.	3,455	3,070
Worldwide	5,358	4,776
(1) Data reported net of purchases/sales contracts with the same counterparty.

25

SPECIALTY PRODUCTS

Specialty Products Financial Results	Three Months Ended March 31,
(millions of dollars)	2026	2025
Earnings (loss) (U.S. GAAP)
United States	274	322
Non-U.S.	377	333
Total	651	655

Specialty Products First Quarter Earnings Driver Analysis (millions of dollars)

Margin – Compressed margins decreased earnings by $110 million on increased feed costs.

Advantaged Volume – Increased earnings by $40 million.

Base Volume – Decreased earnings by $10 million.

Structural Cost Savings – Increased earnings by $40 million.

Expenses – Increased earnings by $10 million.

Other – Increased earnings by $30 million.

Specialty Products Operational Results	Three Months Ended March 31,
(thousands of metric tons)	2026	2025
Specialty Products sales (1)
United States	536	473
Non-U.S.	1,439	1,463
Worldwide	1,976	1,936
(1) Data reported net of purchases/sales contracts with the same counterparty.

CORPORATE AND FINANCING

Corporate and Financing Financial Results	Three Months Ended March 31,
(millions of dollars)	2026	2025
Earnings (loss) (U.S. GAAP)	(1,053)	(798)

Corporate and Financing expenses were $1,053 million for the first quarter of 2026, $255 million higher than the first quarter of

2025, due to lower interest income and the absence of favorable tax items.

(1) Net debt is total debt of $47.7 billion less $8.4 billion of cash and cash equivalents excluding restricted cash . Net debt to capital ratio is net debt divided by

net debt plus total equity of $261.0 billion. Total debt is the sum of notes and loans payable and long-term debt, as reported in the Consolidated Balance Sheet.

26

LIQUIDITY AND CAPITAL RESOURCES

(millions of dollars)	Three Months Ended March 31,
	2026	2025
Net cash provided by/(used in)
Operating activities	8,705	12,953
Investing activities	(6,006)	(4,135)
Financing activities	(4,900)	(13,579)
Effect of exchange rate changes	(45)	86
Increase/(decrease) in cash and cash equivalents	(2,246)	(4,675)
Cash and cash equivalents (at end of period)	8,435	18,512
Cash flow from operations and asset sales
Net cash provided by operating activities (U.S. GAAP)	8,705	12,953
Proceeds associated with sales of subsidiaries, property, plant & equipment, and sales and returns of investments	219	1,823
Cash flow from operations and asset sales (Non-GAAP)	8,924	14,776
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 2026 was $8.9 billion, a decrease of $5.9 billion from the

comparable 2025 period.

Cash provided by operating activities totaled $8.7 billion for the first three months of 2026, $4.2 billion lower than 2025. Net

income including noncontrolling interests was $4.5 billion, a decrease of $3.6 billion from the prior year period. The adjustment

for the noncash provision of $6.8 billion for depreciation and depletion was up $1.1 billion from 2025. Changes in operational

working capital were a reduction of $1.8 billion during the period. All other items net decreased cash flows by $0.8 billion in

2026 versus an increase of $0.1 billion in 2025. See the Condensed Consolidated Statement of Cash Flows for additional

details.

Investing activities for the first three months of 2026 used net cash of $6.0 billion, an increase of $1.9 billion compared to the

prior year. Spending for additions to property, plant and equipment of $6.5 billion was $0.6 billion higher than 2025. Proceeds

from asset sales were $0.2 billion, a decrease of $1.6 billion compared to the prior year. Net investments and advances

decreased $0.3 billion from $0.1 billion in 2025.

Net cash used in financing activities was $4.9 billion in the first three months of 2026, including $4.9 billion for the purchase of

33.6 million shares of ExxonMobil stock, as part of the previously announced buyback program. This compares to net cash

used in financing activities of $13.6 billion in the prior year. Total debt at the end of the first quarter of 2026 was $47.7 billion

compared to $43.5 billion at year-end 2025. The Corporation's debt to total capital ratio was 15.4 percent at the end of the first

quarter of 2026 compared to 14.0 percent at year-end 2025. The net debt to capital ratio (1) was 13.1 percent at the end of the

first quarter, an increase of 2.1 percentage points from year-end 2025. 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 $4.3

billion to shareholders in the first three months of 2026 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. Commercial paper is

used to balance short-term liquidity requirements and is reflected in "Notes and loans payable" on the Consolidated Balance

Sheet, with changes in outstanding commercial paper between periods included in the Consolidated Statement of Cash Flows.

The Corporation had undrawn short-term committed lines of credit of $7.3 billion and undrawn long-term committed lines of

credit of $0.3 billion as of the end of first quarter 2026.

The Corporation’s financial strength enables it to make large, long-term capital expenditures. Cash capex in the first quarter of

2026 was $6.2 billion, up $0.3 billion from the first quarter of 2025. The Corporation plans to invest in the range of $27 billion

to $29 billion in 2026. Actual spending could vary depending on the progress of individual projects.

27

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, cost synergies, potential for future growth, low cost of supply, and attractive valuations.

Acquisitions may be made with cash, shares of the Corporation’s common stock, or both.

Litigation and other contingencies are discussed in Note 7 to the unaudited Condensed Consolidated Financial Statements.

TAXES

(millions of dollars)	Three Months Ended March 31,
	2026	2025
Income taxes	2,495	3,567
Effective income tax rate	40%	34%
Total other taxes and duties (1)	6,775	7,066
Total	9,270	10,633
(1) Includes “Other taxes and duties” plus taxes that are included in “Production and manufacturing expenses” and “Selling, general and administrative expenses”, each from the Consolidated Statement of Income.

Total taxes were $9.3 billion for the first quarter of 2026, a decrease of $1.4 billion from 2025. Income tax expense was $2.5

billion compared to $3.6 billion in the prior year. The effective income tax rate, which is calculated based on consolidated

company income taxes and ExxonMobil's share of equity company income taxes, was 40 percent, 6 percent higher than the

prior year period driven by portfolio mix effects impacted by derivative mark-to-market losses. Total other taxes and duties

decreased by $0.3 billion to $6.8 billion.

ITEM 3. QUANTITATIVE AND QUALITATIVE DISCLOSURES ABOUT MARKET RISK

Information about market risks for the three months ended March 31, 2026, does not differ materially from that discussed under

Item 7A of the registrant's Annual Report on Form 10-K for 2025.

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, 2026.

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.

28

PART II. OTHER INFORMATION

ITEM 1. LEGAL PROCEEDINGS

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

Refer to the relevant portions of Note 7 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, 2026
	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) (4)
January 2026	12,345,353	$129.43	12,312,718	$18.4
February 2026	10,206,464	$148.60	10,189,486	$16.9
March 2026	11,101,977	$157.95	11,099,689	$15.1
Total	33,653,794	$144.65	33,601,893
(1) Includes shares withheld from participants in the Corporation's incentive program for personal income taxes.
(2) Excludes 1% U.S. excise tax on stock repurchases.
(3) Purchases were made under terms intended to qualify for exemption under Rules 10b-18 and 10b5-1.
(4) The Corporation continued its share repurchase program, originally initiated in 2022. In its 2025 Corporate Plan Update released December 9, 2025, the Corporation stated that it expects share repurchases of $20 billion in 2026, assuming reasonable market conditions.

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

ITEM 5. OTHER INFORMATION

During the three months ended March 31, 2026, none of the Corporation’s directors or officers adopted or terminated a “Rule

10b5-1 trading arrangement” or “non-Rule 10b5-1 trading arrangement,” as each term is defined in Item 408(a) of Regulation

S-K.

ITEM 6. EXHIBITS

Exhibit	Description
10(iii)(c.2)	ExxonMobil Supplemental Pension Plan.*
10(iii)(c.3)	ExxonMobil Additional Payments Plan.*
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).
* Management contract or compensatory plan or arrangement.
** Filed herewith.
*** Furnished herewith.

29

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 4, 2026	By:	/s/ LEN M. FOX
		Len M. Fox
		Vice President, Controller and Tax (Principal Accounting Officer)

EX-10.(III)(C2)

1

EXHIBIT 10(iii)(c.2)

EXXONMOBIL SUPPLEMENTAL PENSION PLAN

1.        Purpose

The purpose of this Plan is to provide payments of equivalent value from the general assets of Exxon

Mobil Corporation (“Corporation”) to those participants in the ExxonMobil Pension Plan (“Pension

Plan”) who, because of the application of United States Internal Revenue Code (“Code”) sections 415

and 401(a)(17), are precluded from receiving from Pension Plan funded assets all the payments to

which they would otherwise be entitled under the Pension Plan's formula.

2.        Benefits

2.1      Eligibility

A person is eligible to receive benefits under this Plan only if any one of the following

requirements is met with respect to the person:

(A)      The person becomes a retiree pursuant to section 4.1(A) (relating to age, service and

LTD-eligibility requirements) or section 4.1(D) (relating to retiree grow-ins in connection with certain

divestments) of the ExxonMobil Common Provisions, or a qualified plans retiree within the meaning of

the ExxonMobil Pension Plan (“Retiree”);

(B)      the person’s employment is terminated in connection with a sale of the assets to a buyer

or the outsourcing of a business operation to an outsourcing company, and the person continues in

employment until the closing date of the sale of assets or outsourcing;

(C)      the person receives a severance benefit from the ExxonMobil Special Program of

Severance Allowances, or similar severance program sponsored by the Corporation or an affiliate;

(D)      The Plan Administrator determines, in its sole and absolute discretion, that the person is

eligible to receive benefits under this Plan.  In this regard, the Plan Administrator may from time to

time adopt eligibility standards or guidelines that may guide the Plan Administrator’s eligibility

determinations, and may in its discretion, modify, suspend, supersede, or cancel such standards or

guidelines.

2.2      Benefit Formula

For any participant eligible to receive benefits under this Plan, the value of such benefits is an

amount that when added to the normal form amount that can be paid to the participant from the

Pension Plan produces a sum equal to the total normal form amount to which the participant would be

entitled computed under the Pension Plan formula applicable to that participant disregarding any

reductions, restrictions, or limitations brought about by the application of Code sections 415 and

401(a)(17).Where relevant, this computation is performed after taking into account any entitlement

the participant may have under the Overseas Contributory Annuity Plan.  The resulting benefit is

expressed in the form of a monthly five-year-certain and life annuity for the life of the participant

commencing at the participant’s age 65 (“Normal Retirement Age”).

2

2.3      Offsets for Other Pension Benefits

A person’s benefit determined under section 2.2 shall be offset, but not below zero, by any

benefit payable to the person under

(A)      an offsetting pension that is not qualified under the terms of the U.S. Internal Revenue

Code,

(B)      a separation payment offset, or

(C)      a non-U.S. governmental pension offset,

as such terms are defined under the Pension Plan.  The procedure for determining the

application of the offsets under this section 2.3 shall be determined in the sole and exclusive

discretion of the Plan Administrator.

3.        Payment of Benefits

3.1      Timing of Payment

Effective as of January 1, 2023, payment of a person’s benefit described in Article 2 above

shall occur as soon as practicable following whichever of the pension commencement dates specified

in paragraphs (A), (B), (C), or (D) below is applicable to the person.

(A)      Retirees

Except as provided under paragraph (B) or (D) below, in the case of a Retiree, the

person’s pension commencement date is the first of the month next following the person’s last day of

employment with ExxonMobil.

(B)      Disability Retirees

In the case of a person who retires from ExxonMobil on account of long-term disability

prior to the first of the month in which the person attains age 55, the person’s pension

commencement date is the first of the month in which the person attains age 55.

(C)      Terminees

Except as provided under paragraph (D) below, in the case of a person who is eligible

for a benefit under Section 2.1(B), (C), or (D) above, the person’s pension commencement date is the

first of the month next following three months from the person’s last day of employment with

ExxonMobil.

(D)      Key Employees

Notwithstanding paragraphs (A) or (C) above, and except as provided in paragraph (B),

in the case of a person who, at the time of his or her termination of employment, has a Classification

Level of 35 or above (“Key Employee”), the person’s pension commencement date is the first of the

month next following six months from the person’s last day of employment with ExxonMobil.

3.2      Reduction for Early Commencement

If a person’s pension commencement date under section 3.1 above is prior to the month in

which the person reaches Normal Retirement Age, the person’s benefit described in Article 2 above is

reduced by applying the early commencement factors specified under the Pension Plan for a benefit

commencing at the person’s then age.

3

3.3      Form of Payment

Payment of the benefit described in Article 2 above shall be made in a lump sum that is the

actuarial equivalent of the five-year-certain and life annuity measured as of the person’s pension

commencement date specified in Section 3.1 above. For this purpose, actuarial equivalence shall be

determined by the Plan Administrator using the factors and procedures that are used for the

calculation of the lump-sum payment option under the Pension Plan.

3.4      Adjustment for Key Employees

A Key Employee's benefit payable hereunder shall not be less than the amount equal to the

person’s benefit calculated as of the pension commencement date that would apply if the person

were not a Key Employee plus interest from such date until the person’s actual pension

commencement date.  For this purpose, interest shall be credited at a rate equal to the Citibank prime

lending rate in effect on the date the person separates from employment, or, if the person’s last day of

employment is on or after November 1, 2022, at the interest rate determined under section

4.4(D)(3)(b)(iii) of Part 1 of the ExxonMobil Pension Plan on the first of the month immediately

following the person’s last day of employment, but taking into account only the first segment rate for

this purpose.

4.        Death Benefit

4.1      Benefits Payable On Account of Death

(A)      In General

In the event a portion of a pension death benefit or a “career annuity subject to deferred

commencement that commences by reason of death” that becomes payable under the terms of the

Pension Plan on account of the death of a participant cannot be paid from the Pension Plan because

of the application of Code sections 415 and 401(a)(17), a lump-sum death benefit of equivalent value

shall be paid to the participant’s beneficiary (as determined under section 4.2 below) under this Plan.

For this purpose, equivalent value shall be determined by the Plan Administrator using the factors and

procedures that are used for the calculation of similar benefits under the Pension Plan.

(B)      Death Benefit Payable During Post-termination Deferral Period

If a participant who is a Key Employee is entitled to a benefit under Article 2 above on

account of his or her retirement, but dies during the six-month period following the person’s

retirement, then the person’s benefit to which he or she would otherwise be entitled shall be

immediately payable as a lump-sum death benefit of equivalent value to the participant’s beneficiary

(determined under section 4.2 below).  For this purpose, equivalent value shall be determined by the

Plan Administrator using the factors and procedures that are used for the calculation of similar

benefits under the Pension Plan.

(C)      Excluded Benefits

Neither the Qualified Joint and Survivor Annuity payment option, nor the Surviving

Spouse Annuity benefit, as such are provided for under the Pension Plan, are provided as benefits

under this Plan.

4

4.2      Designation of Beneficiaries

(A)      In General

A person may name one or more designated beneficiaries to receive the benefits

payable under this Plan under section 4.1 above in the event of the person's death.  Beneficiary

designations shall be made in accordance with such procedures as the Plan Administrator may

establish.  Spousal consent to any designation is not required.

(B)      Default Beneficiaries

(1)      In General

If no specific designation is in effect, the deceased’s beneficiary is the person or

persons in the first of the following classes of successive beneficiaries living at the time of death of

the deceased:

(a) spouse;

(b) children who survive the participant or who die before the participant leaving

children of their own who survive the participant;

(c) parents;

(d) brothers and sisters who survive the participant or who die before the

participant leaving children of their own who survive the participant.

If there are no members of any class of such beneficiaries, payment is made to

the deceased's executors or administrators.

(2)      Allocation among Default Beneficiaries

If the same class of beneficiaries under paragraph (1) above contains two or

more persons, they share equally, with further subdivision of such equal shares as next provided.  In

class (b), where a child dies before the participant leaving children who survive the participant, such

child's share is subdivided equally among those children. In class (d), where a brother or sister dies

before the participant leaving children who survive the participant, such brother or sister's share is

subdivided equally among those children.

(3)      Definitions

For purposes of this section 4.2, "child" means a person's son or daughter by

legitimate blood relationship or legal adoption; "parent" means a person's father or mother by

legitimate blood relationship or legal adoption; "brother" or "sister" means another child of either or

both of one's parents.

5.        Miscellaneous

5.1      Administration of Plan

The Plan Administrator shall be the Manager, Compensation, Benefit Plans and Policies,

Human Resources Department, Exxon Mobil Corporation.  The Plan Administrator shall have the right

and authority to conclusively interpret this Plan for all purposes, including the determination of any

person’s eligibility for benefits hereunder and the resolution of any and all appeals relating to claims

by participants or beneficiaries, with any such interpretation being conclusive for all participants and

beneficiaries.

5

5.2      Nature of Payments

Payments provided under this Plan are considered general obligations of the Corporation.

5.3      Assignment or Alienation

Except as provided in section 5.5 below, payments provided under this Plan may not be

assigned or otherwise alienated or pledged.

5.4      Amendment or Termination

The Corporation reserves the right to amend or terminate this Plan, in whole or in part,

including the right at any time to reduce or eliminate any accrued benefits hereunder and to alter or

amend the benefit formula set out herein.

5.5      Forfeiture of Benefits

No person shall be entitled to receive payments under this Plan and any payments received

under this Plan shall be forfeited and returned if it is determined by the Corporation in its sole

discretion, acting through its chief executive or such person or committee as the chief executive may

designate, that a person otherwise entitled to a payment under this Plan or who has commenced

receiving payments under this Plan:

(A)      engaged in gross misconduct harmful to the Corporation,

(B)      committed a criminal violation harmful to the Corporation,

(C)      had concealed actions described in paragraph (A) or (B) above which would have

brought about termination from employment thereby making the person ineligible for benefits under

this Plan,

(D)      separated from service prior to attaining Normal Retirement Age without having

received from the Corporation or its delegatee prior written approval for such termination, given in the

sole discretion of the Corporation or its delegatee and in the context of recognition that benefits under

this Plan would not be forfeited upon such termination, or

(E)      had been terminated for cause.

EX-10.(III)(C3)

1

EXHIBIT 10(iii)(c.3)

EXXONMOBIL ADDITIONAL PAYMENTS PLAN

1.        Purpose

The purpose of this Plan is to provide additional payments from the general assets of

Exxon Mobil Corporation (the "Corporation") to certain persons.  The benefits payable

under this Plan consist of two types of pension benefits and a disability benefit. The first

pension benefit is a benefit based upon the person's final average incentive

compensation ("Incentive Pension Benefit").  The second pension benefit restores

certain benefits that are accrued under a pension plan sponsored by a non-U.S. affiliate

of the Corporation but which are not paid ("Overseas Makeup Benefit").  The disability

benefit is based on incentive compensation and is paid in the event of a long-term

disability ("Disability Benefit").

2.        Incentive Pension Benefits

2.1      Eligibility

A person is eligible to receive Incentive Pension Benefits only if any one of the

following requirements is met with respect to the person:

(A)    the person becomes a retiree within the meaning of the ExxonMobil

Common Provisions ("Retiree");

(B)    the person’s employment is terminated in connection with a sale of the

assets to a buyer or the outsourcing of a business operation to an outsourcing company,

and the person continues in employment until the closing date of the sale of assets or

outsourcing;

(C)    the person receives a severance benefit from the ExxonMobil Special

Program of Severance Allowances, or similar severance program sponsored by the

Corporation or an affiliate;

(D)      the Plan Administrator determines, in its sole and absolute discretion, that

the person is eligible to receive Incentive Pension Benefits.  In this regard, the Plan

Administrator may from time to time adopt eligibility standards or guidelines that may

guide the Plan Administrator’s eligibility determinations, and may in its discretion,

modify, suspend, supersede, or cancel such standards or guidelines.

2.2      Benefit Formula

(A)      In General

The amount of a person's Incentive Pension Benefit is determined by

multiplying 1.6% of the person's final average incentive compensation by the person's

2

years of pensionable service, and dividing the amount so derived by twelve.  The result

is expressed in the form of a monthly five-year certain and life annuity for the life of the

person commencing at the person's age 65 ("Normal Retirement Age").

(B)      Pensionable Service

For purposes of paragraph (A) above, a person’s “pensionable service”

shall be determined as follows:

(1)      Except as provided in paragraph (2) below, it shall be the amount

of pension service credited for the person under the ExxonMobil Pension Plan.

(2)      In the event a person

(a) transfers directly to Exxon Mobil Corporation or one of its U.S.

affiliates in connection with an employment localization,

(b)      upon localization is not credited with pension service under

the ExxonMobil Pension Plan for the person’s service with the most recent service-

oriented employer, and

(c) immediately prior to localization was a participant in the

Canadian Supplemental Pension Arrangement (SPA) Bonus (“Imperial Plan”),

the person’s pensionable service shall be the sum of the service

credited under the Imperial Plan at the time of the person’s localization plus the pension

service credited thereafter to the person under the ExxonMobil Pension Plan.

(C)      Final Average Incentive Compensation

For the purposes of paragraph (A) above, a person's "final average

incentive compensation" shall be determined in accordance with this paragraph (C).

(1)      In General

A person's final average incentive compensation is the average of

the person's three highest annual bonus awards (including awards of zero, if any) under

the Corporation's Incentive Programs awarded on any of the five most recent annual

award dates immediately preceding the person's termination of employment.

(2)      Corporate Acquisitions

If a person commences employment with the Corporation or one of

its affiliates in connection with a corporate acquisition, incentive compensation paid by

the person's former employer that is the equivalent of bonus awards payable under the

Corporation's Incentive Program may, in the sole discretion of the management of the

Corporation, be taken into account for purposes of determining the person’s final

average incentive compensation under this Paragraph (C).

(3)      Annual Bonus Award

(a)      Items Used in Calculation

For purposes of this paragraph (C), in determining the

amount of a person's annual bonus award, only awards granted under the short-term

incentive part of the Incentive Programs as cash and bonus units are considered.

3

(b)      Item Excluded From Calculation

For purposes of this paragraph (C), in determining the

amount of a person's annual bonus award, an award to a person characterized by the

granting authority as a special one-time bonus is disregarded, unless deemed

specifically includable by the granting authority at the time of grant.

(c)      Calculation of Annual Bonus Award

If an annual bonus award is granted as bonus units, the

maximum settlement value obtainable at the time of the grant shall be used in

calculating the value of the award.

2.3      Offset for Similar Benefits

If a participant under this Plan is also entitled to payments comparable to the

Incentive Pension Benefit for any portion of the same years of pensionable service

under a plan of a service-oriented employer, as defined in the ExxonMobil Common

Provisions, other than the Corporation, the amount of the Incentive Pension Benefit

shall be reduced by the respective amount of such comparable payments.  In any given

case, the Plan Administrator may determine the precise amount of this offset and if a

conversion of currency computation is required, may follow the process established

under the ExxonMobil Pension Plan.

2.4      Lapse of Incentive Pension Benefit

The portion of any Incentive Pension Benefit deriving from a provisionally granted

bonus that is subsequently annulled lapses as of the date of such annulment.

3.        Overseas Makeup Benefit

3.1      Eligibility

A person is eligible to receive an Overseas Makeup Benefit if the following

conditions are met as determined by the Plan Administrator:

(A)      the person accrues a benefit under a pension plan ("non-U.S. plan")

sponsored by a non-U.S. affiliate of the Corporation;

(B)      the person terminates active participation in the non-U.S. plan and

simultaneously becomes a participant in the ExxonMobil Pension Plan or predecessor

plan;

(C)      as a result of terminating active participant status under the non-U.S. plan,

the person loses eligibility for all or a portion of the benefit under the non- U.S. plan

accrued prior to termination; and

(D)      the amount of the lost benefit is not provided under the terms of the

ExxonMobil Pension Plan, the ExxonMobil Supplemental Pension Plan, or otherwise

under this Plan.

4

3.2      Benefit Formula

The amount of the Overseas Makeup Benefit is the amount, expressed as a

monthly benefit in the form of a five-year certain and life annuity that is the actuarial

equivalent of the lost benefit under the non-U.S. plan.  Such amount shall be

conclusively determined by the Plan Administrator.

4.        Payment of Pension Benefits

4.1      Timing of Payment

Effective as of January 1, 2023, payment of a person’s Incentive Pension Benefit

and, if applicable, Overseas Makeup Benefit shall occur as soon as practicable following

whichever of the pension commencement dates specified in paragraphs (A), (B), (C), or

(D) below is applicable to the person.

(A)      Retirees

Except as provided under paragraph (B) or (D) below, in the case of a

Retiree, the person’s pension commencement date is the first of the month next

following the person’s last day of employment with ExxonMobil.

(B)      Pre-55 Disability Retirees

In the case of a person who retires with eligibility for Disability Benefits

under article 6 below prior to the first of the month in which the person attains age 55,

the person’s pension commencement date is the first of the month in which the person

attains age 55.

(C)      Terminees

Except as provided under paragraph (D) below, in the case of a person

who is eligible for an Incentive Pension Benefit under Section 2.1(B), (C), or (D) above,

the person’s pension commencement date is the first of the month next following three

months from the person’s last day of employment with ExxonMobil.

(D)      Key Employees

Notwithstanding paragraphs (A), or (C) above, and except as provided in

paragraph (B), in the case of a person who, at the time of his or her termination of

employment, has a Classification Level of 35 or above (“Key Employee”), the person’s

pension commencement date is the first of the month next following six months from the

person’s last day of employment with ExxonMobil.

4.2      Reduction for Early Commencement

If a person’s pension commencement date under section 4.1 above occurs prior

to the month in which the person reaches Normal Retirement Age, the person’s

Incentive Pension Benefit and/or Overseas Makeup Benefit is reduced by applying the

early commencement factors specified under the ExxonMobil Pension Plan for a benefit

commencing at the person's then age.

5

4.3      Form of Payment

Payment of a person's Incentive Pension Benefit or Overseas Makeup Benefit

shall be made in a lump sum that is the actuarial equivalent of the five-year certain and

life annuity measured as of the person’s pension commencement date specified under

section 4.1 above.  For this purpose, actuarial equivalence shall be determined by the

Plan Administrator using the factors and procedures that are used for the calculation of

the lump-sum payment option under the ExxonMobil Pension Plan.

4.4      Adjustment for Key Employees

A Key Employee's Incentive Pension Benefit and/or Overseas Makeup Benefit

shall not be less than the amount equal to the person’s benefit calculated as of the

pension commencement date that would apply if the person were not a Key Employee

plus interest from such date until the person’s actual pension commencement date.  For

this purpose, interest shall be credited at a rate equal to the Citibank prime lending rate

in effect on the date the person separates from employment, or, if the person’s last day

of employment is on or after November 1, 2022, at the interest rate determined under

section 4.4(D)(3)(b)(iii) of Part 1 of the ExxonMobil Pension Plan on the first of the

month immediately following the person’s last day of employment, but taking into

account only the first segment rate for this purpose. .

5.        Death Benefit

5.1      In General

If a person dies who, at the time of his death,

(A)      is an active employee with 15 or more years of Benefit Plan Service, as

determined under the ExxonMobil Common Provisions, or

(B)      had retired with eligibility for an Incentive Pension Benefit and/or a

Overseas Makeup Benefit and had not received such benefit,  a lump-sum death benefit

shall be payable to the person's beneficiary (as determined under section 5.2 below).

The death benefit payable to the person's beneficiary shall be the lump-sum equivalent

value of the amount of the Pension Benefit and Overseas Makeup Benefit to which the

person was or would have been entitled.  For this purpose, equivalent value shall be

determined by the Plan Administrator using the factors and procedures that are used for

the calculation of similar benefits under the ExxonMobil Pension Plan.

5.2      Designation of Beneficiaries

(A)      In General

A person may name one or more designated beneficiaries to receive

payment of the death benefits payable under section 5.1 above in the event of the

person's death. Beneficiary designations shall be made in accordance with such

6

procedures as the Plan Administrator may establish.  Spousal consent to any such

designation is not required.

(B)      Default Beneficiaries

(1)      In General

If no specific designation is in effect, the deceased's beneficiary is

the person or persons in the first of the following classes of successive beneficiaries

living at the time of death of the deceased:

(a) spouse;

(b) children who survive the deceased or who die before the

deceased leaving children of their own who survive the deceased;

(c) parents;

(d) brothers and sisters who survive the deceased or who die

before the deceased leaving children of their own who survive the deceased.

If there are no members of any class of such beneficiaries, payment

is made to the deceased's executors or administrators.

(2)      Allocation Among Default Beneficiaries

If the same class of beneficiaries under paragraph (1) above

contains two or more persons, they share equally, with further subdivision of such equal

shares as next provided.  In class (b), where a child dies before the deceased leaving

children who survive the deceased, such child's share is subdivided equally among

those children.  In class (d), where a brother or sister dies before the deceased leaving

children who survive the deceased, such brother or sister's share is subdivided equally

among those children.

(3)      Definitions

For purposes of this section 5.4, "child" means a person's son or

daughter by legitimate blood relationship or legal adoption; "parent" means a person's

father or mother by legitimate blood relationship or legal adoption; "brother" or "sister"

means another child of either or both of one's parents.

6.        Disability Benefit

6.1      Nature of Disability Benefits

The benefits provided under this article 6 ("Disability Benefits") are in the nature

of long-term disability benefits, payable on account of and for the duration of a person's

incapacity on account of disability. These Disability Benefits are intended to qualify as

employee welfare benefits under ERISA and as "disability pay" under section 409A of

the Internal Revenue Code and its supporting regulations, thereby being exempt from

the scope and application of section 409A.

7

6.2      Payment of Disability Benefit

If a person who becomes a Retiree also becomes entitled to long-term disability

benefits under a disability benefit plan sponsored by ExxonMobil, the person shall

receive monthly Disability Benefits under this Plan. Such Disability Benefits shall

commence at the time the person commences long-term disability benefits under such

disability plan and shall continue as long as entitlement to long-term disability benefits

under such plan continues.

6.3      Benefit Formula

(A)      In General

The amount of each monthly Disability Benefit payable to a person is

determined by dividing one-half of the person's final average incentive compensation,

determined under section 2.2(C) above, by 12 and deducting therefrom the offset

described in paragraph (B) below.

(B)      Offset

Commencing with the month in which a person's Incentive Pension Benefit

is paid, the amount of the person's monthly Disability Benefit shall be reduced by the

monthly amount of the person's Incentive Pension Benefit and/or Overseas Makeup

Benefit (expressed as a five-year-certain and life annuity). In the case of a Key

Employee, the offset provided under this paragraph (B) shall be applied beginning with

the month his or her Incentive Pension Benefit would have been paid if he or she were

not a Key Employee.

6.4      Offset for Similar Benefit

If a person receiving Disability Benefits hereunder is also entitled to comparable

payments under a plan of a service-oriented employer (as defined in the ExxonMobil

Common Provisions) other than the Corporation under circumstances where the Plan

Administrator determines that such benefits are duplicative of the Disability Benefits

payable hereunder, then such Disability Benefits shall be reduced by the amount of

such comparable payment. In any given case, the Plan Administrator may determine the

precise amount of this offset and if a conversion of currency computation is required,

may follow the process established under the ExxonMobil Pension Plan.

6.5      Disability Death Benefit

(A)      Death During Employment

If a person dies as an active employee with 15 or more years of Benefit

Plan Service, as determined under the ExxonMobil Common Provisions, then the

person's beneficiary (as determined under section 5.2 above) shall receive a disability

death benefit equal to the present value of 60 monthly installments of the person's

Disability Benefit, calculated as if the person had become eligible for Disability Benefit

payments on the day prior to death. For purposes of this paragraph (A), the value of the

person's Disability Benefit installments shall be determined by applying the offset under

section 6.3(B) above as if the person's Incentive Pension Benefit and/or Overseas

Makeup Benefit were payable at the time of death.

8

(B)      Death After Commencement of Disability Retirement Payments

If a person dies while receiving Disability Benefits under this article 6 but

before the receipt of 60 monthly installments, the person's beneficiary (as determined

under section 5.2 above) shall receive the lump-sum equivalent value of the remaining

60 monthly installments. If at the time of death the person's Incentive Pension Benefit

had not been paid, then the value of the person's remaining Disability Benefit

installments shall be determined by applying the offset under section 6.3(B) above as if

the person's Incentive Pension Benefit and/or Overseas Makeup Benefit were paid at

the time of death.

7.        Miscellaneous

7.1      Plan Administrator

The Plan Administrator shall be the Manager, Compensation, Benefit Plans and

Policies, Human Resources Department, Exxon Mobil Corporation. The Plan

Administrator shall have the right and authority to conclusively interpret this Plan for all

purposes, including the determination of any person's eligibility for benefits hereunder

and the resolution of any and all appeals relating to claims by participants or

beneficiaries, with any such interpretation being conclusive for all participants and

beneficiaries.

7.2      Nature of Payments

Payments provided under this Plan are considered general obligations of the

Corporation.

7.3      Assignment or Alienation

Except as provided in section 7.5 below, payments provided under this Plan may

not be assigned or otherwise alienated or pledged.

7.4      Amendment or Termination

The Corporation reserves the right to amend or terminate this Plan, in whole or in

part, including the right at any time to reduce or eliminate any accrued benefits

hereunder and to alter or amend the benefit formula set out herein.

7.5      Forfeiture of Benefits

Any payments received under this Plan shall be forfeited and returned if the

forfeiture and repayment of such payments is required by any clawback policy adopted

by the Corporation. Additionally, no person shall be entitled to receive payments under

this Plan, and any payments received under this Plan shall be forfeited and returned, if it

is determined by the Corporation in its sole discretion, acting through its chief executive

or such person or committee as the chief executive may designate, that a person

otherwise entitled to a payment under this Plan or who has commenced receiving

payments under this Plan:

(A)      engaged in gross misconduct harmful to the Corporation,

9

(B)      committed a criminal violation harmful to the Corporation,

(C)    had concealed actions described in (A) or (B) above which would have

brought about termination from employment thereby making the person ineligible for

benefits under this Plan,

(D)      separated from service prior to attaining Normal Retirement Age without

having received from the Corporation or its delegate prior written approval for such

termination, given in the sole discretion of the Corporation or its delegatee and in the

context of recognition that benefits under this Plan would not be forfeited upon such

termination, or

(E)      had been terminated for cause.

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 4, 2026

/s/ DARREN W. WOODS

Darren W. Woods

Chief Executive Officer

EX-31.2

EXHIBIT 31.2

Certification by Neil A. Hansen

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

I, Neil A. Hansen, 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 4, 2026

/s/ NEIL A. HANSEN

Neil A. Hansen

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 4, 2026

/s/ LEN M. FOX

Len M. Fox

Vice President, Controller and Tax

(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, 2026, 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 4, 2026

/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,

Neil A. Hansen, the chief financial 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, 2026, 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 4, 2026

/s/ NEIL A. HANSEN

Neil A. Hansen

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, 2026, 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 4, 2026

/s/ LEN M. FOX

Len M. Fox

Vice President, Controller and Tax

(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, 2026 shares
Document information [Line Items]
Document Type	10-Q
Document Quarterly Report	true
Document Period End Date	Mar. 31, 2026
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	22777 Springwoods Village Parkway
Entity Address, City or Town	Spring
Entity Address State or Province	TX
Entity Address, Postal Zip Code	77389-1425
City Area Code	972
Local Phone Number	940-6000
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	4,144,947,162
Amendment Flag	false
Entity Central Index Key	0000034088
Document Fiscal Year Focus	2026
Document Fiscal Period Focus	Q1
Current Fiscal Year End Date	--12-31
Common Stock, without par value
Document information [Line Items]
Security 12(b) Title	Common Stock, without par value
Trading Symbol	XOM
Security Exchange Name	NYSE
0.524% Notes due 2028
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
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
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, 2026	Mar. 31, 2025
Revenues and other income
Revenues	$ 85,138	$ 83,130
Costs and other deductions
Crude oil and product purchases	51,802	46,788
Production and manufacturing expenses	10,695	10,083
Selling, general and administrative expenses	2,684	2,540
Depreciation and depletion (includes impairments)	6,771	5,702
Exploration expenses, including dry holes	126	64
Non-service pension and postretirement benefit expense	62	113
Interest expense	295	205
Other taxes and duties	5,736	6,035
Total costs and other deductions	78,171	71,530
Income (loss) before income taxes	6,967	11,600
Income tax expense (benefit)	2,495	3,567
Net income (loss) including noncontrolling interests	4,472	8,033
Net income (loss) attributable to noncontrolling interests	289	320
Net income (loss) attributable to ExxonMobil	$ 4,183	$ 7,713
Earnings (loss) per common share, basic (in dollars per share)	$ 1.00	$ 1.76
Earnings (loss) per common share, diluted (in dollars per share)	$ 1.00	$ 1.76
Sales and other operating revenue
Revenues and other income
Revenues	$ 83,161	$ 81,058
Income from equity affiliates
Revenues and other income
Revenues	1,369	1,369
Other income
Revenues and other income
Revenues	$ 608	$ 703

XML

Condensed Consolidated Statement Of Comprehensive Income - USD ($) $ in Millions	3 Months Ended
	Mar. 31, 2026	Mar. 31, 2025
Statement of Comprehensive Income [Abstract]
Net income (loss) including noncontrolling interests	$ 4,472	$ 8,033
Other comprehensive income (net of income taxes)
Foreign exchange translation adjustment	(263)	302
Adjustment for foreign exchange translation (gain)/loss included in net income	(5)	0
Postretirement benefits reserves adjustment (excluding amortization)	(35)	(34)
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs	(27)	23
Total other comprehensive income (loss)	(330)	291
Comprehensive income (loss) including noncontrolling interests	4,142	8,324
Comprehensive income (loss) attributable to noncontrolling interests	194	330
Comprehensive income (loss) attributable to ExxonMobil	$ 3,948	$ 7,994

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Condensed Consolidated Balance Sheet - USD ($) $ in Millions	Mar. 31, 2026	Dec. 31, 2025
Current assets
Cash and cash equivalents	$ 8,435	$ 10,681
Notes and accounts receivable – net	61,783	44,562
Inventories
Crude oil, products and merchandise	21,838	22,979
Materials and supplies	3,137	3,323
Other current assets	2,594	1,837
Total current assets	97,787	83,382
Investments, advances and long-term receivables	46,125	45,317
Property, plant and equipment – net	298,781	299,373
Other assets, including intangibles – net	21,717	20,908
Total Assets	464,410	448,980
Current liabilities
Notes and loans payable	14,531	9,296
Accounts payable and accrued liabilities	77,088	60,911
Income taxes payable	2,759	2,123
Total current liabilities	94,378	72,330
Liabilities, Noncurrent
Long-term debt	33,130	34,241
Postretirement benefits reserves	8,940	8,847
Deferred income tax liabilities	40,018	40,216
Total Liabilities	203,414	182,354
Commitments and contingencies
EQUITY
Common stock without par value (9,000 million shares authorized, 8,019 million shares issued)	46,426	46,150
Earnings reinvested	482,344	482,494
Accumulated other comprehensive income	(11,098)	(10,863)
Common stock held in treasury (3,874 million shares at March 31, 2026 and 3,840 million shares at December 31, 2025)	(263,291)	(258,395)
ExxonMobil share of equity	254,381	259,386
Noncontrolling interests	6,615	7,240
Total Equity	260,996	266,626
Total Liabilities and Equity	464,410	448,980
Related Party
Liabilities, Noncurrent
Long-term obligations	562	542
Nonrelated Party
Liabilities, Noncurrent
Long-term obligations	$ 26,386	$ 26,178

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Condensed Consolidated Balance Sheet (Parenthetical) - $ / shares shares in Millions	Mar. 31, 2026	Dec. 31, 2025
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	3,874	3,840

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Condensed Consolidated Statement Of Cash Flows - USD ($) $ in Millions		3 Months Ended
		Mar. 31, 2026	Mar. 31, 2025
CASH FLOWS FROM OPERATING ACTIVITIES
Net income (loss) including noncontrolling interests		$ 4,472	$ 8,033
Depreciation and depletion (includes impairments)		6,771	5,702
Changes in operational working capital, excluding cash and debt		(1,758)	(878)
All other items – net		(780)	96
Net cash provided by operating activities		8,705	12,953
CASH FLOWS FROM INVESTING ACTIVITIES
Additions to property, plant and equipment		(6,470)	(5,898)
Proceeds from asset sales and returns of investments		219	1,823
Additional investments and advances		(387)	(153)
Other investing activities including collection of advances		632	93
Net cash used in investing activities		(6,006)	(4,135)
CASH FLOWS FROM FINANCING ACTIVITIES
Additions to long-term debt		894	280
Reductions in long-term debt		(158)	(7)
Reductions in short-term debt	[1]	(5,402)	(4,541)
Additions/(reductions) in commercial paper, and debt with three months or less maturity		9,075	(41)
Cash dividends to ExxonMobil shareholders		(4,334)	(4,335)
Cash dividends to noncontrolling interests		(168)	(141)
Changes in noncontrolling interests		61	(12)
Inflows from noncontrolling interests for major projects		0	22
Common stock acquired		(4,868)	(4,804)
Net cash used in financing activities		(4,900)	(13,579)
Effects of exchange rate changes on cash		(45)	86
Increase/(decrease) in cash and cash equivalents (including restricted)		(2,246)	(4,675)
Cash and cash equivalents at beginning of period (including restricted)		10,681	23,187
Cash and cash equivalents at end of period (including restricted)		8,435	18,512
Cash interest paid
Included in cash flows from operating activities		362	211
Capitalized, included in cash flows from investing activities		199	326
Total cash interest paid		561	537
Noncash right of use assets recorded in exchange for lease liabilities
Operating leases		938	243
Finance leases		$ 20	$ 6

[1] (1) Includes commercial paper with a maturity greater than three months.

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Condensed Consolidated Statement Of Changes In Equity - USD ($) shares in Millions, $ in Millions	Total	Common Stock	Earnings Reinvested	Accumulated Other Comprehensive Income	Common Stock Held in Treasury	ExxonMobil Share of Equity	Non-controlling Interests
Balance at Dec. 31, 2024	$ 270,606	$ 46,238	$ 470,903	$ (14,619)	$ (238,817)	$ 263,705	$ 6,901
Balance (in shares) - issued at Dec. 31, 2024	8,019
Balance (in shares) - in treasury at Dec. 31, 2024	(3,666)
Balance (in shares) - outstanding at Dec. 31, 2024	4,353
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Amortization of stock-based awards	$ 194	194				194
Other	(1)	(6)	9			3	(4)
Net income (loss) for the period	8,033		7,713			7,713	320
Dividends - common shares (company)			(4,335)			(4,335)
Dividends - common shares (NCI)							(141)
Dividends - common shares (total)	(4,476)
Other comprehensive income (loss)	291			281		281	10
Share repurchases, at cost (company)					(4,852)	(4,852)
Share repurchases, at cost (total)	$ (4,852)
Share repurchases, at cost (in shares)	(43)
Dispositions	$ 11				11	11
Balance at Mar. 31, 2025	$ 269,806	46,426	474,290	(14,338)	(243,658)	262,720	7,086
Balance (in shares) - issued at Mar. 31, 2025	8,019
Balance (in shares) - in treasury at Mar. 31, 2025	(3,709)
Balance (in shares) - outstanding at Mar. 31, 2025	4,310
Balance at Dec. 31, 2025	$ 266,626	46,150	482,494	(10,863)	(258,395)	259,386	7,240
Balance (in shares) - issued at Dec. 31, 2025	8,019
Balance (in shares) - in treasury at Dec. 31, 2025	(3,840)
Balance (in shares) - outstanding at Dec. 31, 2025	4,179
Increase (Decrease) in Stockholders' Equity [Roll Forward]
Amortization of stock-based awards	$ 304	304				304
Other	(664)	(28)	1			(27)	(637)
Net income (loss) for the period	4,472		4,183			4,183	289
Dividends - common shares (company)			(4,334)			(4,334)
Dividends - common shares (NCI)							(182)
Dividends - common shares (total)	(4,516)
Other comprehensive income (loss)	(330)			(235)		(235)	(95)
Share repurchases, at cost (company)					(4,917)	(4,917)
Share repurchases, at cost (total)	$ (4,917)
Share repurchases, at cost (in shares)	(34)
Dispositions	$ 21				21	21
Balance at Mar. 31, 2026	$ 260,996	$ 46,426	$ 482,344	$ (11,098)	$ (263,291)	$ 254,381	$ 6,615
Balance (in shares) - issued at Mar. 31, 2026	8,019
Balance (in shares) - in treasury at Mar. 31, 2026	(3,874)
Balance (in shares) - outstanding at Mar. 31, 2026	4,145

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Basis of Financial Statement Preparation

3 Months Ended

Mar. 31, 2026

Basis Of Financial Statement Preparation [Abstract]

Basis of Financial Statement Preparation

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 2025 Annual Report on

Form 10-K. In the opinion of the Corporation, the information furnished herein reflects all known accruals and adjustments

necessary for a fair statement of the results for the periods reported herein. All such adjustments are of a normal recurring

nature.

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

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Earnings Per Share

3 Months Ended

Mar. 31, 2026

Earnings Per Share [Abstract]

Earnings Per Share

Note 2. Earnings Per Share

Earnings per common share	Three Months Ended March 31,
	2026	2025
Net income (loss) attributable to ExxonMobil (millions of dollars)	4,183	7,713
Weighted-average number of common shares outstanding (millions of shares) (1)	4,202	4,372
Earnings (loss) per common share (dollars) (2)	1.00	1.76
Dividends paid per common share (dollars)	1.03	0.99
(1) Includes restricted shares not vested.
(2) Earnings (loss) per common share and earnings (loss) per common share – assuming dilution are the same in each period shown.

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Disclosures about Segments and Related Information

3 Months Ended

Mar. 31, 2026

Segment Reporting, Measurement Disclosures [Abstract]

Disclosures about Segments and Related Information

Note 3. Disclosures about Segments and Related Information

Our four reportable segments are Upstream, Energy Products, Chemical Products, and Specialty Products.

(millions of dollars)	Upstream		Energy Products		Chemical Products		Specialty Products		Segment Total
	U.S.	Non-U.S.	U.S.	Non-U.S.	U.S.	Non-U.S.	U.S.	Non-U.S.
Three Months Ended March 31, 2026
Revenues and other income
Sales and other operating revenue	7,265	2,813	25,990	37,204	1,970	3,504	1,372	3,018	83,136
Income from equity affiliates	(61)	906	34	438	32	102	1	(18)	1,434
Intersegment revenue	7,593	10,023	6,421	7,105	1,692	977	496	140	34,447
Other income	246	39	29	51	—	1	3	29	398
Segment revenues and other income	15,043	13,781	32,474	44,798	3,694	4,584	1,872	3,169	119,415
Costs and other items
Crude oil and product purchases	6,083	2,843	28,194	39,967	1,950	3,561	972	2,109	85,679
Operating expenses, excl. depreciation and depletion (1)	3,035	2,513	2,313	2,117	1,175	1,038	502	497	13,190
Depreciation and depletion (includes impairments)	3,838	1,870	207	216	149	157	23	38	6,498
Interest expense	(5)	6	2	3	—	—	1	—	7
Other taxes and duties	68	329	731	4,492	15	47	4	50	5,736
Total costs and other deductions	13,019	7,561	31,447	46,795	3,289	4,803	1,502	2,694	111,110
Segment income (loss) before income taxes	2,024	6,220	1,027	(1,997)	405	(219)	370	475	8,305
Income tax expense (benefit)	450	1,956	301	(201)	86	(17)	97	90	2,762
Segment net income (loss) incl. noncontrolling interests	1,574	4,264	726	(1,796)	319	(202)	273	385	5,543
Net income (loss) attributable to noncontrolling interests	—	101	65	127	—	7	(1)	8	307
Segment income (loss)	1,574	4,163	661	(1,923)	319	(209)	274	377	5,236
Reconciliation of consolidated revenues
Segment revenues and other income			119,415
Other revenues (2)			170
Elimination of intersegment revenues			(34,447)
Total consolidated revenues and other income			85,138
Reconciliation of income (loss) attributable to ExxonMobil
Total segment income (loss)			5,236
Corporate and Financing income (loss)			(1,053)
Net income (loss) attributable to ExxonMobil			4,183
(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, 2026
Additions to property, plant and equipment (3)	3,275	1,885	851	166	152	25	34	19	6,407
As of March 31, 2026
Investments in equity companies	5,669	19,909	463	1,479	2,931	2,627	—	752	33,830
Total assets	153,871	137,240	39,224	54,765	17,682	18,097	2,887	7,843	431,609
Reconciliation to Corporate Total	Segment Total		Corporate and Financing		Corporate Total
Three Months Ended March 31, 2026
Additions to property, plant and equipment (3)	6,407		347		6,754
As of March 31, 2026
Investments in equity companies	33,830		(117)		33,713
Total assets	431,609		32,801		464,410
(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 $206 million.
(3) Includes non-cash additions.

(millions of dollars)	Upstream		Energy Products		Chemical Products		Specialty Products		Segment Total
	U.S.	Non-U.S.	U.S.	Non-U.S.	U.S.	Non-U.S.	U.S.	Non-U.S.
Three Months Ended 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 December 31, 2025
Investments in equity companies	5,491	19,429	460	1,048	2,946	2,616	—	775	32,765
Total assets	153,042	134,529	32,652	47,265	17,365	17,991	2,961	8,020	413,825
Reconciliation to Corporate Total	Segment Total		Corporate and Financing		Corporate Total
Three Months Ended March 31, 2025
Additions to property, plant and equipment (3)	5,510		519		6,029
As of December 31, 2025
Investments in equity companies	32,765		(112)		32,653
Total assets	413,825		35,155		448,980
(1) Operating expenses, excl. depreciation and depletion includes the following GAAP line items, as reflected on the Income Statement: Production and manufacturing expenses; Selling, general and administrative expenses; Exploration expenses, including dry holes; and Non-service pension and postretirement benefit expense.
(2) Primarily Corporate and Financing Interest revenue of $363 million.
(3) Includes non-cash additions.

Revenue from Contracts with Customers

Sales and other operating revenue include both revenue within the scope of ASC 606 and outside the scope of ASC 606. Trade

receivables in "Notes and accounts receivable – net" reported on the Balance Sheet also includes both receivables within the

scope of ASC 606 and those outside the scope of ASC 606. Revenue and receivables outside the scope of ASC 606 primarily

relate to physically settled commodity contracts accounted for as derivatives. Contractual terms, credit quality, and type of

customer are generally similar between those revenues and receivables within the scope of ASC 606 and those outside it.

Sales and other operating revenue (millions of dollars)	Three Months Ended March 31,
	2026	2025
Revenue from contracts with customers	56,866	56,931
Revenue outside the scope of ASC 606	26,295	24,127
Total	83,161	81,058

Geographic Sales and Other Operating Revenue (millions of dollars)	Three Months Ended March 31,
	2026	2025
United States	36,627	34,607
Non-U.S.	46,534	46,451
Total	83,161	81,058
Significant Non-U.S. revenue sources include: (1)
Canada	7,483	6,990
(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.

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Pension and Other Postretirement Benefits

3 Months Ended

Mar. 31, 2026

Retirement Benefits [Abstract]

Pension and Other Postretirement Benefits

Note 4. Pension and Other Postretirement Benefits

(millions of dollars)	Three Months Ended March 31,
	2026	2025
Components of net benefit cost
Pension Benefits - U.S.
Service cost	127	136
Interest cost	165	170
Expected return on plan assets	(164)	(149)
Amortization of actuarial loss/(gain)	5	18
Amortization of prior service cost	(8)	(7)
Net pension enhancement and curtailment/settlement cost	(1)	36
Net benefit cost	124	204
Pension Benefits - Non-U.S.
Service cost	72	78
Interest cost	239	222
Expected return on plan assets	(231)	(221)
Amortization of actuarial loss/(gain)	(10)	9
Amortization of prior service cost	15	13
Net pension enhancement and curtailment/settlement cost	28	—
Net benefit cost	113	101
Other Postretirement Benefits
Service cost	21	23
Interest cost	65	65
Expected return on plan assets	(4)	(4)
Amortization of actuarial loss/(gain)	(22)	(24)
Amortization of prior service cost	(15)	(15)
Net benefit cost	45	45

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Other Comprehensive Income Information

3 Months Ended

Mar. 31, 2026

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

Other Comprehensive Income Information

Note 5. Other Comprehensive Income Information

ExxonMobil Share of Accumulated Other Comprehensive Income (millions of dollars)	Cumulative Foreign Exchange Translation Adjustment	Postretirement Benefits Reserves Adjustment	Total
Balance as of December 31, 2024	(16,166)	1,547	(14,619)
Current period change excluding amounts reclassified from accumulated other comprehensive income (1)	295	(36)	259
Amounts reclassified from accumulated other comprehensive income	—	22	22
Total change in accumulated other comprehensive income	295	(14)	281
Balance as of March 31, 2025	(15,871)	1,533	(14,338)
Balance as of December 31, 2025	(13,398)	2,535	(10,863)
Current period change excluding amounts reclassified from accumulated other comprehensive income (1)	(174)	(29)	(203)
Amounts reclassified from accumulated other comprehensive income	(5)	(27)	(32)
Total change in accumulated other comprehensive income	(179)	(56)	(235)
Balance as of March 31, 2026	(13,577)	2,479	(11,098)
(1) Cumulative Foreign Exchange Translation Adjustment includes net investment hedge gain/(loss) net of taxes of $55 million and $(99) million in 2026 and 2025, respectively.

Amounts Reclassified Out of Accumulated Other Comprehensive Income - Before-tax Income/(Expense) (millions of dollars)	Three Months Ended March 31,
	2026	2025
Foreign exchange translation gain/(loss) included in net income (Statement of Income line: Other income)	5	—
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)	35	(30)

Income Tax (Expense)/Credit For Components of Other Comprehensive Income (millions of dollars)	Three Months Ended March 31,
	2026	2025
Foreign exchange translation adjustment	57	59
Postretirement benefits reserves adjustment (excluding amortization)	1	22
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs	8	(7)
Total	66	74

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Financial Instruments and Derivatives

3 Months Ended

Mar. 31, 2026

Financial Instruments And Derivatives [Abstract]

Financial Instruments and Derivatives

Note 6. Financial Instruments and Derivatives

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

hierarchy level for the fair value measurement was as follows:

	March 31, 2026
(millions of dollars)	Fair Value
	Level 1	Level 2	Level 3	Total Gross Assets & Liabilities	Effect of Counterparty Netting	Effect of Collateral Netting	Difference in Carrying Value and Fair Value	Net Carrying Value
Assets
Derivative assets (1)	42,237	8,357	—	50,594	(47,389)	(281)	—	2,924
Advances to/receivables from equity companies (2)(3)	—	1,369	4,134	5,503	—	—	226	5,729
Other long-term financial assets (4)	1,552	—	1,788	3,340	—	—	228	3,568
Liabilities
Derivative liabilities (5)	44,879	8,430	—	53,309	(47,389)	(2,912)	—	3,008
Long-term debt (6)	23,269	4,108	—	27,377	—	—	3,382	30,759
Long-term obligations to equity companies (3)	—	—	562	562	—	—	—	562
Other long-term financial liabilities (7)	—	—	352	352	—	—	13	365

	December 31, 2025
(millions of dollars)	Fair Value
	Level 1	Level 2	Level 3	Total Gross Assets & Liabilities	Effect of Counterparty Netting	Effect of Collateral Netting	Difference in Carrying Value and Fair Value	Net Carrying Value
Assets
Derivative assets (1)	5,197	2,259	—	7,456	(6,261)	(341)	—	854