v3.25.4
Disclosures About Segments And Related Information
 12 Months Ended
Dec. 31, 2025
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. The factors used to identify these reportable segments are based on the nature of the operations that are undertaken by each segment and reflect the nature of internal reviews by our Management Committee (MC). The MC is considered collectively, and not in their individual capacity, to be our Chief Operating Decision Maker (CODM), and includes our CEO, CFO, and two Senior Vice Presidents serving as contact executives overseeing the Upstream and Product Solutions businesses.
The Upstream segment is organized to explore for and produce crude oil and natural gas. Product Solutions consists of the Energy Products, Chemical Products, and Specialty Products segments, which are organized to manufacture and sell petroleum products and petrochemicals.
•Energy Products: Fuels, aromatics, and catalysts and licensing
•Chemical Products: Olefins, polyolefins, and intermediates
•Specialty Products: Finished lubricants, basestocks and waxes, synthetics, and elastomers and resins
The CODM generally allocates resources through an annual planning process. They also allocate capital based on detailed project economics and long-term strategic objectives across reportable segments. The CODM primarily uses changes in Net income (loss) attributable to ExxonMobil to assess segment financial performance.
Net income (loss) attributable to ExxonMobil includes transfers at estimated market prices. In Corporate and Financing, interest revenue relates to interest earned on cash deposits and marketable securities. Interest expense includes non-debt-related interest expense of $0.3 billion in 2025, $0.4 billion in 2024, and $0.2 billion in 2023.
(millions of dollars)UpstreamEnergy ProductsChemical ProductsSpecialty ProductsSegment Total
U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.
Year ended December 31, 2025
Revenues and other income
Sales and other operating revenue25,396 13,993 99,073 145,378 7,594 14,615 5,502 12,269 323,820 
Income from equity affiliates19 4,340 139 198 135 544 7 (52)5,330 
Intersegment revenue25,637 36,769 19,172 26,694 6,777 3,324 2,133 499 121,005 
Other income437 560 113 849 3 (10)13 89 2,054 
Segment revenues and other income51,489 55,662 118,497 173,119 14,509 18,473 7,655 12,805 452,209 
Costs and other items
Crude oil and product purchases19,765 10,035 102,027 138,024 8,237 13,069 3,931 8,108 303,196 
Operating expenses, excl. depreciation and depletion (1)
11,344 10,515 8,387 9,162 4,620 4,693 2,079 2,297 53,097 
Depreciation and depletion (includes impairments)13,906 7,451 828 749 595 760 107 163 24,559 
Interest expense128 40 5 37 — (2)— 13 221 
Other taxes and duties179 2,097 3,240 19,205 79 174 9 184 25,167 
Total costs and other deductions45,322 30,138 114,487 167,177 13,531 18,694 6,126 10,765 406,240 
Segment income (loss) before income taxes6,167 25,524 4,010 5,942 978 (221)1,529 2,040 45,969 
Income tax expense (benefit)1,104 8,753 792 1,097 75 (144)327 362 12,366 
Segment net income (loss) incl. noncontrolling interests5,063 16,771 3,218 4,845 903 (77)1,202 1,678 33,603 
Net income (loss) attributable to noncontrolling interests— 480 226 414 — 26 2 21 1,169 
Segment income (loss)5,063 16,291 2,992 4,431 903 (103)1,200 1,657 32,434 
Reconciliation of consolidated revenues
Segment revenues and other income452,209 
Other revenues (2)
1,034 
Elimination of intersegment revenues(121,005)
Total consolidated revenues and other income332,238 
Reconciliation of income (loss) attributable to ExxonMobil
Total segment income (loss)32,434 
Corporate and Financing income (loss)(3,590)
Net income (loss) attributable to ExxonMobil28,844 
(millions of dollars)UpstreamEnergy ProductsChemical ProductsSpecialty ProductsSegment Total
U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.
As of December 31, 2025
Additions to property, plant, and equipment (3)
15,872 9,490 703 1,251 800 522 368 227 29,233 
Investments in equity companies5,491 19,429 460 1,048 2,946 2,616 — 775 32,765 
Total assets153,042 134,529 32,652 47,265 17,365 17,991 2,961 8,020 413,825 
Reconciliation to Corporate TotalSegment TotalCorporate and FinancingCorporate Total
Additions to property, plant, and equipment (3)
29,233 2,243 31,476 
Investments in equity companies32,765 (112)32,653 
Total assets413,825 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 $1,212 million.
(3) Includes non-cash additions.
Due to rounding, numbers presented may not add up precisely to the totals indicated.
(millions of dollars)UpstreamEnergy ProductsChemical ProductsSpecialty ProductsSegment Total
U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.
Year ended December 31, 2024
Revenues and other income
Sales and other operating revenue22,929 14,202 101,325 159,531 8,558 14,338 5,790 12,463 339,136 
Income from equity affiliates(36)5,649 140 (109)166 615 — (26)6,399 
Intersegment revenue24,633 41,809 23,626 26,034 7,329 3,893 2,462 573 130,359 
Other income890 670 295 192 5 7 22 116 2,197 
Segment revenues and other income48,416 62,330 125,386 185,648 16,058 18,853 8,274 13,126 478,091 
Costs and other items
Crude oil and product purchases18,325 10,388 110,205 153,811 8,510 12,621 4,160 8,753 326,773 
Operating expenses, excl. depreciation and depletion (1)
9,822 10,695 8,034 8,924 4,781 4,419 1,931 2,316 50,922 
Depreciation and depletion (includes impairments)11,510 8,014 799 734 611 485 104 133 22,390 
Interest expense185 82 9 10 1 1 — 3 291 
Other taxes and duties334 2,750 3,421 19,699 68 78 7 185 26,542 
Total costs and other deductions40,176 31,929 122,468 183,178 13,971 17,604 6,202 11,390 426,918 
Segment income (loss) before income taxes8,240 30,401 2,918 2,470 2,087 1,249 2,072 1,736 51,173 
Income tax expense (benefit)1,814 10,622 631 164 460 262 494 243 14,690 
Segment net income (loss) incl. noncontrolling interests6,426 19,779 2,287 2,306 1,627 987 1,578 1,493 36,483 
Net income (loss) attributable to noncontrolling interests— 815 188 372 — 37 2 17 1,431 
Segment income (loss)6,426 18,964 2,099 1,934 1,627 950 1,576 1,476 35,052 
Reconciliation of consolidated revenues
Segment revenues and other income478,091 
Other revenues (2)
1,853 
Elimination of intersegment revenues(130,359)
Total consolidated revenues and other income349,585 
Reconciliation of income (loss) attributable to ExxonMobil
Total segment income (loss)35,052 
Corporate and Financing income (loss)(1,372)
Net income (loss) attributable to ExxonMobil33,680 
(millions of dollars)UpstreamEnergy ProductsChemical ProductsSpecialty ProductsSegment Total
U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.
As of December 31, 2024
Additions to property, plant, and equipment (3)
94,649 8,371 589 1,450 474 1,161 230 227 107,151 
Investments in equity companies4,884 21,396 444 915 3,016 2,649 — 814 34,118 
Total assets154,914 134,609 32,143 43,399 17,445 17,692 2,882 8,040 411,124 
Reconciliation to Corporate TotalSegment TotalCorporate and FinancingCorporate Total
Additions to property, plant, and equipment (3)
107,151 2,181 109,332 
Investments in equity companies34,118 (108)34,010 
Total assets411,124 42,351 453,475 
(1) Operating expenses, excl. depreciation and depletion includes the following GAAP line items, as reflected on the Income Statement: Production and manufacturing expenses; Selling, general and administrative expenses; Exploration expenses, including dry holes; and Non-service pension and postretirement benefit expense.
(2) Primarily Corporate and Financing Interest revenue of $1,600 million.
(3) Includes non-cash additions. See Note 20 for additions resulting from the Pioneer acquisition in 2024.
Due to rounding, numbers presented may not add up precisely to the totals indicated.
(millions of dollars)UpstreamEnergy ProductsChemical ProductsSpecialty ProductsSegment Total
U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.U.S.Non-U.S.
Year ended December 31, 2023
Revenues and other income
Sales and other operating revenue9,500 16,074 103,868 164,515 7,951 14,314 6,044 12,363 334,629 
Income from equity affiliates63 5,550 140 131 126 761 — (25)6,746 
Intersegment revenue20,971 38,982 23,481 28,258 7,991 3,643 2,570 555 126,451 
Other income631 466 183 87 6 12 19 139 1,543 
Segment revenues and other income31,165 61,072 127,672 192,991 16,074 18,730 8,633 13,032 469,369 
Costs and other items
Crude oil and product purchases9,945 11,279 107,796 152,487 8,824 13,096 4,718 8,955 317,100 
Operating expenses, excl. depreciation and depletion (1)
6,696 10,960 7,851 9,434 4,560 4,643 1,822 2,238 48,204 
Depreciation and depletion (includes impairments)8,863 7,737 765 797 605 706 93 222 19,788 
Interest expense82 74 4 7 2 2 — 2 173 
Other taxes and duties361 2,684 3,421 22,226 61 78 6 174 29,011 
Total costs and other deductions25,947 32,734 119,837 184,951 14,052 18,525 6,639 11,591 414,276 
Segment income (loss) before income taxes5,218 28,338 7,835 8,040 2,022 205 1,994 1,441 55,093 
Income tax expense (benefit)1,016 10,593 1,543 1,492 396 158 458 235 15,891 
Segment net income (loss) incl. noncontrolling interests4,202 17,745 6,292 6,548 1,626 47 1,536 1,206 39,202 
Net income (loss) attributable to noncontrolling interests— 639 169 529 — 36 — 28 1,401 
Segment income (loss)4,202 17,106 6,123 6,019 1,626 11 1,536 1,178 37,801 
Reconciliation of consolidated revenues
Segment revenues and other income469,369 
Other revenues (2)
1,664 
Elimination of intersegment revenues(126,451)
Total consolidated revenues and other income344,582 
Reconciliation of income (loss) attributable to ExxonMobil
Total segment income (loss)37,801 
Corporate and Financing income (loss)(1,791)
Net income (loss) attributable to ExxonMobil36,010 
(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 $1,628 million.
Due to rounding, numbers presented may not add up precisely to the totals indicated.
Revenue from Contracts with Customers
Sales and other operating revenue include both revenue within the scope of ASC 606 and outside the scope of ASC 606. Revenue outside the scope of ASC 606 primarily relates to physically settled commodity contracts accounted for as derivatives. Contractual terms, credit quality, and type of customer are generally similar between contracts within the scope of ASC 606 and those outside it.
Sales and other operating revenue
(millions of dollars)
202520242023
 
Revenue from contracts with customers226,909 245,143 256,455 
Revenue outside the scope of ASC 60696,996 94,104 78,242 
Total323,905 339,247 334,697 

Geographic
Sales and other operating revenue
(millions of dollars)
202520242023
 
United States137,639 138,657 127,374 
Non-U.S.186,266 200,590 207,323 
Total323,905 339,247 334,697 
Significant non-U.S. revenue sources include: (1)
Canada27,363 29,746 28,994 
(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.
Long-lived assets
(millions of dollars)
December 31,
202520242023
 
United States183,619 178,633 95,792 
Non-U.S.115,754 115,685 119,148 
Total299,373 294,318 214,940 
Significant non-U.S. long-lived assets include:
Canada29,973 28,761 31,682