At December 31, 2025, long-term debt consisted of $26.4 billion due in U.S. dollars and $7.8 billion representing the U.S. dollar equivalent at year-end exchange rates of amounts payable in foreign currencies. These amounts exclude that portion of long-term debt, totaling $6.2 billion, which matures within one year and is included in current liabilities.

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 December 31, 2025, the Corporation has designated its $3.5 billion of 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.


(millions of dollars, except where stated otherwise)	Average Rate (1)	Dec 31, 2025	Dec 31, 2024

Exxon Mobil Corporation (2)(3)
3.043% notes due 2026		—	2,500
2.275% notes due 2026		—	1,000
3.294% notes due 2027		1,000	1,000
2.440% notes due 2029		1,250	1,250
3.482% notes due 2030		2,032	1,992
2.610% notes due 2030		2,016	2,000
2.995% notes due 2039		750	750
4.227% notes due 2040		2,043	2,076
3.567% notes due 2045		986	1,000
4.114% notes due 2046		2,497	2,500
3.095% notes due 2049		1,500	1,500
4.327% notes due 2050		2,750	2,750
3.452% notes due 2051		2,750	2,750
Exxon Mobil Corporation - Euro-denominated
0.524% notes due 2028		1,175	1,039
0.835% notes due 2032		1,175	1,039
1.408% notes due 2039		1,175	1,039
XTO Energy Inc. (4)
6.100% senior notes due 2036		186	187
6.750% senior notes due 2037		282	284
6.375% senior notes due 2038		219	221
Pioneer Natural Resources Company (5)
1.125% senior notes due 2026		—	718
5.100% senior notes due 2026		—	1,097
7.200% senior notes due 2028		247	250
1.900% senior notes due 2030		958	931
2.150% senior notes due 2031		869	846
Parsley Energy LLC (6)
4.125% senior notes due 2028		133	131

Industrial revenue bonds due 2026-2051	2.540%	2,005	2,032
Finance leases & other obligations	4.668%	6,313	3,951
Debt issuance costs		(70)	(78)
Total long-term debt		34,241	36,755

(1) Average effective or imputed interest rates at December 31, 2025.
(2) Includes impacts of hedge accounting of interest rate swaps.
(3) Includes premiums of $72 million in 2025 and $76 million in 2024.
(4) Includes premiums of $60 million in 2025and $66 million in 2024.
(5) Includes net discounts of $267 million in 2025 and $348 million in 2024.
(6) Includes discounts of $5 million in 2025 and $7 million in 2024.