3 unchanged sentences
Three Months Ended
−Removed: June 30, Six Months Ended
+Added: September 30, Nine Months Ended
+Added: September 30,
2025 2024 2025 2024
24 unchanged sentences
1.76 1.92 5.16 6.12
−Removed: (1) Includes $ 40 million related to the write-off of exploratory well costs in 2025 that were previously capitalized for greater than one year at December 31, 2024.
+Added: (1) Includes $ 40 million related to the write-off of exploratory well costs in second quarter 2025 that were previously capitalized for greater than one year at December 31, 2024.
The information in the Notes to Condensed Consolidated Financial Statements is an integral part of these statements.
1 unchanged sentence
(millions of dollars) Three Months Ended
−Removed: June 30, Six Months Ended
+Added: September 30, Nine Months Ended
+Added: September 30,
2025 2024 2025 2024
11 unchanged sentences
(millions of dollars, unless noted)
−Removed: June 30, 2025 December 31, 2024
+Added: September 30, 2025 December 31, 2024
Current assets
28 unchanged sentences
Common stock held in treasury
−Removed: ( 3,756 million shares at June 30, 2025 and
+Added: ( 3,802 million shares at September 30, 2025 and
3,666 million shares at December 31, 2024)
6 unchanged sentences
CONDENSED CONSOLIDATED STATEMENT OF CASH FLOWS
−Removed: (millions of dollars) Six Months Ended June 30,
+Added: (millions of dollars) Nine Months Ended September 30,
CASH FLOWS FROM OPERATING ACTIVITIES
43 unchanged sentences
Common Stock Earnings Reinvested Accumulated Other Comprehensive Income Common Stock Held in Treasury ExxonMobil Share of Equity Non-controlling Interests Total Equity
−Removed: Balance as of March 31, 2024 17,971 458,339 ( 13,169 ) ( 257,891 ) 205,250 7,802 213,052
+Added: Balance as of June 30, 2024 46,781 463,294 ( 13,187 ) ( 228,483 ) 268,405 7,861 276,266
Amortization of stock-based awards 174 — — — 174 — 174
4 unchanged sentences
Share repurchases, at cost — — — ( 5,568 ) ( 5,568 ) ( 275 ) ( 5,843 )
−Removed: Issued for acquisitions 28,749 — — 34,603 63,352 — 63,352
Dispositions — — — 2 2 — 2
+Added: Balance as of September 30, 2024 46,936 467,664 ( 11,959 ) ( 234,049 ) 268,592 7,808 276,400
Balance as of June 30, 2025 46,629 477,061 ( 12,436 ) ( 248,661 ) 262,593 7,369 269,962
−Removed: Balance as of March 31, 2025 46,426 474,290 ( 14,338 ) ( 243,658 ) 262,720 7,086 269,806
Amortization of stock-based awards 187 — — — 187 — 187
4 unchanged sentences
Share repurchases, at cost — — — ( 5,171 ) ( 5,171 ) ( 330 ) ( 5,501 )
−Removed: Dispositions — — — 11 11 — 11
−Removed: Balance as of June 30, 2025 46,629 477,061 ( 12,436 ) ( 248,661 ) 262,593 7,369 269,962
−Removed: Three Months Ended June 30, 2025
−Removed: Three Months Ended June 30, 2024
+Added: Balance as of September 30, 2025 46,808 480,367 ( 12,782 ) ( 253,832 ) 260,561 7,662 268,223
+Added: Three Months Ended September 30, 2025
+Added: Three Months Ended September 30, 2024
Common Stock Share Activity
1 unchanged sentence
Issued Held in Treasury Outstanding Issued Held in Treasury Outstanding
−Removed: Balance as of March 31 8,019 ( 3,709 ) 4,310 8,019 ( 4,076 ) 3,943
+Added: Balance as of June 30 8,019 ( 3,756 ) 4,263 8,019 ( 3,576 ) 4,443
Share repurchases, at cost — ( 46 ) ( 46 ) — ( 48 ) ( 48 )
1 unchanged sentence
Dispositions — — — — — —
−Removed: Balance as of June 30 8,019 ( 3,756 ) 4,263 8,019 ( 3,576 ) 4,443
+Added: Balance as of September 30 8,019 ( 3,802 ) 4,217 8,019 ( 3,624 ) 4,395
The information in the Notes to Condensed Consolidated Financial Statements is an integral part of these statements.
13 unchanged sentences
Dispositions — — — 121 121 — 121
−Removed: Balance as of June 30, 2024 46,781 463,294 ( 13,187 ) ( 228,483 ) 268,405 7,861 276,266
+Added: Balance as of September 30, 2024 46,936 467,664 ( 11,959 ) ( 234,049 ) 268,592 7,808 276,400
Balance as of December 31, 2024 46,238 470,903 ( 14,619 ) ( 238,817 ) 263,705 6,901 270,606
6 unchanged sentences
Dispositions — — — 22 22 — 22
−Removed: Balance as of June 30, 2025 46,629 477,061 ( 12,436 ) ( 248,661 ) 262,593 7,369 269,962
−Removed: Six Months Ended June 30, 2025 Six Months Ended June 30, 2024
+Added: Balance as of September 30, 2025 46,808 480,367 ( 12,782 ) ( 253,832 ) 260,561 7,662 268,223
+Added: Nine Months Ended September 30, 2025 Nine Months Ended September 30, 2024
Common Stock Share Activity
5 unchanged sentences
Dispositions — — — — — —
−Removed: Balance as of June 30 8,019 ( 3,756 ) 4,263 8,019 ( 3,576 ) 4,443
+Added: Balance as of September 30 8,019 ( 3,802 ) 4,217 8,019 ( 3,624 ) 4,395
The information in the Notes to Condensed Consolidated Financial Statements is an integral part of these statements.
4 unchanged sentences
All such adjustments are of a normal recurring nature.
−Removed: Restricted cash represents sale proceeds required to be set aside by a contractual arrangement for any potential like-kind exchange.
−Removed: The restriction will lapse upon the earlier of completion of the exchange or the expiry of the underlying time period, which is less than one year.
The Corporation's exploration and production activities are accounted for under the "successful efforts" method.
−Removed: Pioneer Natural Resources Merger
+Added: Mergers and Acquisitions
+Added: During the third quarter of 2025, the Corporation completed $ 2.4 billion in acquisitions consisting primarily of proved and unproved acreage in the Permian basin.
+Added: One of the acquisitions was partially funded by restricted cash as it qualified as a like-kind exchange.
+Added: We accounted for these acquisitions as business combinations and allocated substantially all of their fair values to "Property, plant and equipment" on the Consolidated Balance Sheet.
+Added: We did not recognize any goodwill associated with the acquisitions.
+Added: Consideration paid was reflected in the Condensed Consolidated Statement of Cash Flows mainly in the line item “Additions to property, plant, and equipment”.
+Added: Pioneer Natural Resources Company
On May 3, 2024, the Corporation acquired Pioneer Natural Resources Company ("Pioneer"), an independent oil and gas exploration and production company.
35 unchanged sentences
Actual and Pro Forma Impact of Merger
−Removed: The following table presents revenues and earnings included in the Consolidated Statement of Income for Pioneer since the acquisition date (May 3, 2024) through June 30, 2024:
+Added: The following table presents revenues and earnings included in the Consolidated Statement of Income for Pioneer since the acquisition date (May 3, 2024) through September 30, 2024:
(millions of dollars)
Three Months Ended
−Removed: June 30, 2024 Six Months Ended
−Removed: June 30, 2024
+Added: September 30, 2024 Nine Months Ended
+Added: September 30, 2024
Sales and other operating revenues 6,291 10,663
3 unchanged sentences
Three Months Ended
−Removed: June 30, 2024 Six Months Ended
−Removed: June 30, 2024
+Added: September 30, 2024 Nine Months Ended
+Added: September 30, 2024
Sales and other operating revenues 87,792 266,349
21 unchanged sentences
Other Contingencies
−Removed: The Corporation and certain of its consolidated subsidiaries were contingently liable at June 30, 2025, for guarantees relating to notes, loans and performance under contracts.
+Added: The Corporation and certain of its consolidated subsidiaries were contingently liable at September 30, 2025, 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.
−Removed: June 30, 2025
+Added: September 30, 2025
(millions of dollars) Equity Company
19 unchanged sentences
Total change in accumulated other comprehensive income 32 ( 2 ) 30
−Removed: Balance as of June 30, 2024 ( 14,253 ) 1,066 ( 13,187 )
+Added: Balance as of September 30, 2024 ( 13,024 ) 1,065 ( 11,959 )
Balance as of December 31, 2024 ( 16,166 ) 1,547 ( 14,619 )
3 unchanged sentences
Total change in accumulated other comprehensive income 1,851 ( 14 ) 1,837
−Removed: Balance as of June 30, 2025 ( 13,966 ) 1,530 ( 12,436 )
+Added: Balance as of September 30, 2025 ( 14,315 ) 1,533 ( 12,782 )
(1) Cumulative Foreign Exchange Translation Adjustment includes net investment hedge gain/(loss) net of taxes of $( 300 ) million and $ 8 million in 2025 and 2024, respectively.
3 unchanged sentences
Three Months Ended
−Removed: June 30, Six Months Ended
+Added: September 30, Nine Months Ended
+Added: September 30,
2025 2024 2025 2024
6 unchanged sentences
Three Months Ended
−Removed: June 30, Six Months Ended
+Added: September 30, Nine Months Ended
+Added: September 30,
2025 2024 2025 2024
5 unchanged sentences
Earnings per common share Three Months Ended
−Removed: June 30, Six Months Ended
+Added: September 30, Nine Months Ended
+Added: September 30,
2025 2024 2025 2024
11 unchanged sentences
(millions of dollars) Three Months Ended
−Removed: June 30, Six Months Ended
+Added: September 30, Nine Months Ended
+Added: September 30,
2025 2024 2025 2024
14 unchanged sentences
Amortization of prior service cost 15 12 43 37
+Added: Net pension enhancement and curtailment/settlement cost 31 — 31 —
Net benefit cost 140 90 346 267
7 unchanged sentences
Financial Instruments and Derivatives
−Removed: The estimated fair value of financial instruments and derivatives at June 30, 2025 and December 31, 2024, and the related hierarchy level for the fair value measurement was as follows:
−Removed: June 30, 2025
−Removed: (millions of dollars) Level 1 Level 2 Level 3 Total Gross Assets
+Added: The estimated fair value of financial instruments and derivatives at September 30, 2025 and December 31, 2024, and the related hierarchy level for the fair value measurement was as follows:
+Added: September 30, 2025
+Added: (millions of dollars) Fair Value
+Added: Level 1 Level 2 Level 3 Total Gross Assets
& Liabilities Effect of
16 unchanged sentences
December 31, 2024
−Removed: (millions of dollars) Level 1 Level 2 Level 3 Total Gross Assets
+Added: (millions of dollars) Fair Value
+Added: Level 1 Level 2 Level 3 Total Gross Assets
& Liabilities Effect of
29 unchanged sentences
Includes contingent consideration related to a prior year acquisition where fair value is based on expected drilling activities and discount rates.
−Removed: At June 30, 2025 and December 31, 2024, respectively, the Corporation had $ 849 million and $ 491 million of collateral under master netting arrangements not offset against the derivatives on the Condensed Consolidated Balance Sheet, primarily related to initial margin requirements.
+Added: At September 30, 2025 and December 31, 2024, respectively, the Corporation had $ 836 million and $ 491 million 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.
−Removed: As of June 30, 2025, the Corporation has designated $ 3.5 billion of its Euro-denominated debt and related accrued interest as a net investment hedge of its European business.
+Added: As of September 30, 2025, the Corporation has designated $ 3.5 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.
−Removed: The Corporation had undrawn short-term committed lines of credit of $ 0.2 billion and undrawn long-term committed lines of credit of $ 0.7 billion as of the end of second quarter 2025.
+Added: The Corporation had undrawn short-term committed lines of credit of $ 0.2 billion and undrawn long-term committed lines of credit of $ 0.4 billion as of the end of third quarter 2025.
+Added: On October 2, 2025, the Corporation established a 364-day revolving credit facility of $ 7.0 billion to provide short-term borrowing capacity for general corporate purposes.
Derivative Instruments
3 unchanged sentences
The Corporation’s commodity derivatives are not accounted for under hedge accounting.
−Removed: 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 June 30, 2025 and December 31, 2024, or results of operations for the periods ended June 30, 2025 and 2024.
+Added: 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 September 30, 2025 and December 31, 2024, or results of operations for the periods ended September 30, 2025 and 2024.
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.
3 unchanged sentences
the effects of these changes in fair values are recorded in "Interest expense" in the Consolidated Statement of Income.
−Removed: This program was not material to the Consolidated Financial Statements as of the end of second quarter 2025.
+Added: This program was not material to the Consolidated Financial Statements as of the end of third quarter 2025.
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.
−Removed: The net notional long/(short) position of derivative instruments at June 30, 2025 and December 31, 2024, was as follows:
−Removed: (millions) June 30, 2025 December 31, 2024
+Added: The net notional long/(short) position of derivative instruments at September 30, 2025 and December 31, 2024, was as follows:
+Added: (millions) September 30, 2025 December 31, 2024
Crude oil (barrels) ( 24 ) 13
3 unchanged sentences
(millions of dollars) Three Months Ended
−Removed: June 30, Six Months Ended
+Added: September 30, Nine Months Ended
+Added: September 30,
2025 2024 2025 2024
4 unchanged sentences
(millions of dollars) Upstream Energy Products Chemical Products Specialty Products Segment Total
−Removed: Three Months Ended June 30, 2025
+Added: Three Months Ended September 30, 2025
Revenues and other income
30 unchanged sentences
(millions of dollars) Upstream Energy Products Chemical Products Specialty Products Segment Total
−Removed: Three Months Ended June 30, 2025
+Added: Three Months Ended September 30, 2025
Additions to property, plant and equipment (3)
6,654 3,215 181 245 167 98 62 39 10,661
−Removed: As of June 30, 2025
+Added: As of September 30, 2025
Investments in equity companies 5,302 19,592 460 977 2,991 2,707 — 788 32,817
1 unchanged sentence
Reconciliation to Corporate Total Segment Total Corporate and Financing Corporate Total
−Removed: Three Months Ended June 30, 2025
+Added: Three Months Ended September 30, 2025
Additions to property, plant and equipment (3)
10,661 612 11,273
−Removed: As of June 30, 2025
+Added: As of September 30, 2025
Investments in equity companies 32,817 ( 142 ) 32,675
10 unchanged sentences
(millions of dollars) Upstream Energy Products Chemical Products Specialty Products Segment Total
−Removed: Three Months Ended June 30, 2024
+Added: Three Months Ended September 30, 2024
Revenues and other income
29 unchanged sentences
(millions of dollars) Upstream Energy Products Chemical Products Specialty Products Segment Total
−Removed: Three Months Ended June 30, 2024
+Added: Three Months Ended September 30, 2024
Additions to property, plant and equipment (3)
4 unchanged sentences
Reconciliation to Corporate Total Segment Total Corporate and Financing Corporate Total
−Removed: Three Months Ended June 30, 2024
+Added: Three Months Ended September 30, 2024
Additions to property, plant and equipment (3)
13 unchanged sentences
(millions of dollars) Upstream Energy Products Chemical Products Specialty Products Segment Total
−Removed: Six Months Ended June 30, 2025
+Added: Nine Months Ended September 30, 2025
Revenues and other income
30 unchanged sentences
(millions of dollars) Upstream Energy Products Chemical Products Specialty Products Segment Total
−Removed: Six Months Ended June 30, 2025
+Added: Nine Months Ended September 30, 2025
Additions to property, plant and equipment (3)
12,481 7,259 442 731 473 316 150 142 21,994
−Removed: As of June 30, 2025
+Added: As of September 30, 2025
Investments in equity companies 5,302 19,592 460 977 2,991 2,707 — 788 32,817
1 unchanged sentence
Reconciliation to Corporate Total Segment Total Corporate and Financing Corporate Total
−Removed: Six Months Ended June 30, 2025
+Added: Nine Months Ended September 30, 2025
Additions to property, plant and equipment (3)
21,994 1,663 23,657
−Removed: As of June 30, 2025
+Added: As of September 30, 2025
Investments in equity companies 32,817 ( 142 ) 32,675
10 unchanged sentences
(millions of dollars) Upstream Energy Products Chemical Products Specialty Products Segment Total
−Removed: Six Months Ended June 30, 2024
+Added: Nine Months Ended September 30, 2024
Revenues and other income
29 unchanged sentences
(millions of dollars) Upstream Energy Products Chemical Products Specialty Products Segment Total
−Removed: Six Months Ended June 30, 2024
+Added: Nine Months Ended September 30, 2024
Additions to property, plant and equipment (3)
4 unchanged sentences
Reconciliation to Corporate Total Segment Total Corporate and Financing Corporate Total
−Removed: Six Months Ended June 30, 2024
+Added: Nine Months Ended September 30, 2024
Additions to property, plant and equipment (3)
20 unchanged sentences
Three Months Ended
−Removed: June 30, Six Months Ended
+Added: September 30, Nine Months Ended
+Added: September 30,
2025 2024 2025 2024
4 unchanged sentences
(millions of dollars) Three Months Ended
−Removed: June 30, Six Months Ended
+Added: September 30, Nine Months Ended
+Added: September 30,
2025 2024 2025 2024
9 unchanged sentences
Divestment Activities
−Removed: Through June 30, 2025, the Corporation realized proceeds of approximately $ 2.0 billion and net after-tax earnings of approximately $ 0.2 billion from its divestment activities.
−Removed: This included the sale of select conventional assets in Texas and New Mexico, Mobil Argentina S.A., as well as other smaller divestments.
+Added: Through September 30, 2025, the Corporation realized proceeds of approximately $ 2.1 billion and net after-tax earnings of approximately $ 0.4 billion from its divestment activities.
+Added: This included the sale of certain conventional and unconventional assets in the United States , Mobil Argentina S.A., as well as other smaller divestments.
In 2024, the Corporation realized proceeds of approximately $ 5.0 billion and recognized net after-tax earnings of approximately $ 1.0 billion from its divestment activities.
1 unchanged sentence
Compared sentence by sentence after normalising whitespace, quotation marks, case and digits, so re-formatting and restated figures do not read as changed language. Wording changes appear as one removal and one addition. The current filing and the prior one are authoritative.