v3.26.1
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.