v3.25.4
Long-Term Debt (Tables)
 12 Months Ended
Dec. 31, 2025
Long-Term Debt, Unclassified [Abstract]  
Summarized Long-Term Debt
Summarized long-term debt at year-end 2025 and 2024 are shown in the table below:
(millions of dollars, except where stated otherwise)
Average
Rate (1)
Dec 31, 2025Dec 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 debt34,241 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.
Debt Assumed in the Merger
The following table presents long-term debt assumed at closing:
(millions of dollars)
Par ValueFair Value
as of May 2, 2024
0.250% Convertible Senior Notes due May 2025 (1)
450 1,327 
1.125% Senior Notes due January 2026
750 699 
5.100% Senior Notes due March 2026
1,100 1,096 
7.200% Senior Notes due January 2028
241 252 
4.125% Senior Notes due February 2028
138 130 
1.900% Senior Notes due August 2030
1,100 914 
2.150% Senior Notes due January 2031
1,000 832 
(1) In June 2024, the Corporation redeemed in full all of the Convertible Senior Notes assumed from Pioneer for an amount consistent with the acquisition date fair value.