What changed in this filing

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Item 1. Financial Statements

2026-08-03 compared with 2026-05-04 · 229 added, 55 removed, 464 unchanged (38% of the section changed)

5 unchanged sentences

Three Months Ended

Six Months Ended

Revenues and other income

18 unchanged sentences

Earnings (loss) per common share (dollars)

Earnings (loss) per common share - assuming dilution (dollars)

Earnings (loss) per common share - assuming dilution

(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.

CONDENSED CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

1 unchanged sentence

Three Months Ended

Six Months Ended

Net income (loss) including noncontrolling interests

4 unchanged sentences

Postretirement benefits reserves adjustment (excluding amortization)

Amortization and settlement of postretirement benefits reserves adjustment included in net periodic

benefit costs

Amortization and settlement of postretirement benefits reserves

adjustment included in net periodic benefit costs

Total other comprehensive income (loss)

4 unchanged sentences

(millions of dollars, unless noted)

March 31, 2026

June 30, 2026

December 31, 2025

26 unchanged sentences

Common stock held in treasury

( 3,874 million shares at March 31, 2026 and

( 3,907 million shares at June 30, 2026 and

3,840 million shares at December 31, 2025 )

4 unchanged sentences

(millions of dollars)

Three Months Ended March 31,

Six Months Ended June 30,

CASH FLOWS FROM OPERATING ACTIVITIES

13 unchanged sentences

Reductions in long-term debt

Additions to short-term debt (1)

Reductions in short-term debt (1)

Additions/(reductions) in commercial paper, and debt with three months or less maturity

Contingent consideration payments

Cash dividends to ExxonMobil shareholders

21 unchanged sentences

Comprehensive

Balance as of December 31, 2024

Balance as of March 31, 2025

Amortization of stock-based awards

3 unchanged sentences

Share repurchases, at cost

Balance as of June 30, 2025

Balance as of March 31, 2026

Amortization of stock-based awards

Net income (loss) for the period

Dividends - common shares

Other comprehensive income (loss)

Share repurchases, at cost

Balance as of June 30, 2026

Balance as of December 31, 2024

4 unchanged sentences

Share repurchases, at cost

Balance as of March 31, 2026

Three Months Ended March 31, 2026

Three Months Ended March 31, 2025

Balance as of June 30, 2025

Balance as of December 31, 2025

Amortization of stock-based awards

Net income (loss) for the period

Dividends - common shares

Other comprehensive income (loss)

Share repurchases, at cost

Balance as of June 30, 2026

Three Months Ended June 30, 2026

Three Months Ended June 30, 2025

Common Stock Share Activity

(millions of shares)

Balance as of March 31

Share repurchases, at cost

Balance as of June 30

Six Months Ended June 30, 2026

Six Months Ended June 30, 2025

Balance as of December 31

Share repurchases, at cost

Balance as of March 31

Balance as of June 30

NOTES TO CONDENSED CONSOLIDATED FINANCIAL STATEMENTS

1 unchanged sentence

Basis of Financial Statement Preparation

On July 1, 2026, Exxon Mobil Corporation, a New Jersey corporation ( "EMC" ), completed its previously announced

redomiciliation reorganization (the "Redomiciliation Merger" ), pursuant to which ExxonMobil Holdings Corporation, a Texas

corporation ( "EMHC" ), became the publicly traded parent company of the ExxonMobil consolidated group.

Redomiciliation Merger became effective on July 1, 2026.

At the effective time of the Redomiciliation Merger, each outstanding share of EMC common stock, without par value, was

automatically exchanged for one share of EMHC common stock with a par value of $ 0.001 per share, and former EMC

shareholders became shareholders of EMHC holding the same number and percentage ownership interests immediately

following the transaction.

EMHC replaced EMC as the publicly held corporation traded on the New York Stock Exchange

under the ticker symbol "XOM" and became the successor registrant of EMC's common stock pursuant to Rule 12g-3(a) under

the Securities Exchange Act of 1934.

As of the effective time of the Redomiciliation Merger, the rights of EMHC shareholders are governed by the Texas Business

Organizations Code and the governing organizational documents of EMHC.

Prior to the Redomiciliation Merger, shareholder

rights were governed by the New Jersey Business Corporation Act and EMC's governing organizational documents.

Unless otherwise indicated, references herein to "ExxonMobil," the "Corporation," "we," "our," and "us" refer to the

ExxonMobil consolidated group, which was headed by EMC through June 30, 2026, and by EMHC thereafter.

accompanying Condensed Consolidated Financial Statements reflect periods prior to the completion of the Redomiciliation

The Redomiciliation Merger did not change the Corporation's consolidated business, operations, assets, liabilities, or

financial reporting basis.

These unaudited Condensed Consolidated Financial Statements should be read in the context of the Consolidated Financial

3 unchanged sentences

All such adjustments are of a normal recurring

The Corporation's exploration and production activi ties are accounted for under the "successful efforts" method.

The Corporation's exploration and production activities are accounted for under the "successful efforts" method.

Earnings Per Share

1 unchanged sentence

Three Months Ended

Six Months Ended

Net income (loss) attributable to ExxonMobil (millions of dollars)

Weighted-average number of common shares outstanding (millions of shares) (1)

Weighted-average number of common shares outstanding (millions of

Earnings (loss) per common share (dollars) (2)

8 unchanged sentences

Specialty Products

Three Months Ended March 31, 2026

Three Months Ended June 30, 2026

Revenues and other income

31 unchanged sentences

Specialty Products

Three Months Ended March 31, 2026

Three Months Ended June 30, 2026

Additions to property, plant and equipment (3)

As of March 31, 2026

As of June 30, 2026

Investments in equity companies

3 unchanged sentences

Corporate Total

Three Months Ended March 31, 2026

Three Months Ended June 30, 2026

Additions to property, plant and equipment (3)

As of March 31, 2026

As of June 30, 2026

Investments in equity companies

11 unchanged sentences

Specialty Products

Three Months Ended March 31, 2025

Three Months Ended June 30, 2025

Revenues and other income

31 unchanged sentences

Specialty Products

Three Months Ended March 31, 2025

Three Months Ended June 30, 2025

Additions to property, plant and equipment (3)

5 unchanged sentences

Corporate Total

Three Months Ended March 31, 2025

Three Months Ended June 30, 2025

Additions to property, plant and equipment ( 3)

9 unchanged sentences

(3) Includes non-cash additions.

(millions of dollars)

Energy Products

Chemical Products

Specialty Products

Six Months Ended June 30, 2026

Revenues and other income

Sales and other operating revenue

Income from equity affiliates

Intersegment revenue

Segment revenues and other income

Costs and other items

Crude oil and product purchases

Operating expenses, excl.

depreciation and

depletion (1)

Depreciation and depletion (includes impairments)

Interest expense

Other taxes and duties

Total costs and other deductions

Segment income (loss) before income taxes

Income tax expense (benefit)

Segment net income (loss) incl.

noncontrolling

Net income (loss) attributable to noncontrolling

Segment income (loss)

Reconciliation of consolidated revenues

Segment revenues and other income

Other revenues (2)

Elimination of intersegment revenues

Total consolidated revenues and other income

Reconciliation of income (loss) attributable to ExxonMobil

Total segment income (loss)

Corporate and Financing income (loss)

Net income (loss) attributable to ExxonMobil

(millions of dollars)

Energy Products

Chemical Products

Specialty Products

Six Months Ended June 30, 2026

Additions to property, plant and equipment (3)

As of June 30, 2026

Investments in equity companies

Reconciliation to Corporate Total

Segment Total

Corporate and

Corporate Total

Six Months Ended June 30, 2026

Additions to property, plant and equipment (3)

As of June 30, 2026

Investments in equity companies

(1) Operating expenses, excl.

depreciation and depletion includes the following GAAP line items, as reflected on the Income Statement:

Production and manufacturing

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 $ 351 million .

(3) Includes non-cash additions.

(millions of dollars)

Energy Products

Chemical Products

Specialty Products

Six Months Ended June 30, 2025

Revenues and other income

Sales and other operating revenue

Income from equity affiliates

Intersegment revenue

Segment revenues and other income

Costs and other items

Crude oil and product purchases

Operating expenses, excl.

depreciation and

depletion (1)

Depreciation and depletion (includes impairments)

Interest expense

Other taxes and duties

Total costs and other deductions

Segment income (loss) before income taxes

Income tax expense (benefit)

Segment net income (loss) incl.

noncontrolling

Net income (loss) attributable to noncontrolling

Segment income (loss)

Reconciliation of consolidated revenue

Segment revenues and other income

Other revenues (2)

Elimination of intersegment revenues

Total consolidated revenues and other income

Reconciliation of income (loss) attributable to ExxonMobil

Total segment income (loss)

Corporate and Financing income (loss)

Net income (loss) attributable to ExxonMobil

(millions of dollars)

Energy Products

Chemical Products

Specialty Products

Six Months Ended June 30, 2025

Additions to property, plant and equipment (3)

As of December 31, 2025

Investments in equity companies

Reconciliation to Corporate Total

Segment Total

Corporate and

Corporate Total

Six Months Ended June 30, 2025

Additions to property, plant and equipment (3)

As of December 31, 2025

Investments in equity companies

(1) Operating expenses, excl.

depreciation and depletion includes the following GAAP line items, as reflected on the Income Statement:

Production and manufacturing

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 $ 675 million .

(3) Includes non-cash additions.

Revenue from Contracts with Customers

9 unchanged sentences

Three Months Ended

Six Months Ended

Revenue from contracts with customers

3 unchanged sentences

Three Months Ended

Six Months Ended

United States

7 unchanged sentences

Three Months Ended

Six Months Ended

Components of net benefit cost

18 unchanged sentences

Amortization of prior service cost

Net pension enhancement and curtailment/settlement cost

Net benefit cost

10 unchanged sentences

Total change in accumulated other comprehensive income

Balance as of March 31, 2025

Balance as of June 30, 2025

Balance as of December 31, 2025

3 unchanged sentences

Total change in accumulated other comprehensive income

Balance as of March 31, 2026

Balance as of June 30, 2026

(1) Cumulative Foreign Exchange Translation Adjustment includes net investment hedge gain/(loss) net of taxes of $ 80 million and $( 293 )

4 unchanged sentences

Three Months Ended

Six Months Ended

Foreign exchange translation gain/(loss) included in net income

1 unchanged sentence

Other income)

Amortization and settlement of postretirement benefits reserves adjustment included in net periodic

benefit costs (Statement of Income line:

Amortization and settlement of postretirement benefits reserves

adjustment included in net periodic benefit costs (Statement of Income

Non-service pension and postretirement benefit expense)

3 unchanged sentences

Three Months Ended

Six Months Ended

Foreign exchange translation adjustment

Postretirement benefits reserves adjustment (excluding amortization)

Amortization and settlement of postretirement benefits reserves adjustment included in net periodic

benefit costs

Amortization and settlement of postretirement benefits reserves

adjustment included in net periodic benefit costs

Financial Instruments and Derivatives

The estimated fair value of financial instruments and derivatives at March 31, 2026 and December 31, 2025 , and the related

The estimated fair value of financial instruments and derivatives at June 30, 2026 and December 31, 2025 , and the related

hierarchy level for the fair value measurement was as follows:

March 31, 2026

June 30, 2026

(millions of dollars)

43 unchanged sentences

where fair value is based on expected drilling activities and discount rates.

At March 31, 2026 and December 31, 2025 , respectively, the Corporation had $ 1.9 billion and $ 0.5 billion of collateral under

At June 30, 2026 and December 31, 2025 , respectively, the Corporation had $ 1.4 billion and $ 0.5 billion of collateral under

master netting arrangements not offset against the derivatives on the Condensed Consolidated Balance Sheet, primarily related

4 unchanged sentences

due to foreign exchange fluctuations is reported in accumulated other comprehensive income.

As of March 31, 2026 , the

As of June 30, 2026 , the

Corporation has designated $ 3.4 billion of its Euro-denominated debt and related accrued interest as a net investment hedge of

2 unchanged sentences

The Corporation had undrawn short-term committed lines of credit of $ 7.4 billion and undrawn long-term committed lines of

credit of $ 0.3 billion as of the end of first quarter 2026 .

credit of $ 0.3 billion as of the end of second quarter 2026 .

Derivative Instruments

6 unchanged sentences

from Operating Activities” and included before-tax realized and unrealized losses of $ 2.3 billion and gains of $ 534 million for

the periods ended March 31, 2026 and 2025 , respectively.

The Corporation’s commodity derivatives are not accounted for

under hedge accounting.

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 March 31, 2026 and December 31, 2025 , or results of operations for the

periods ended March 31, 2026 and 2025 .

the periods ended June 30, 2026 and 2025 , respectively.

The Corporation’s commodity derivatives are not accounted for under

hedge accounting.

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, 2026 and December 31, 2025 , or results of operations for the periods ended

June 30, 2026 and 2025 .

The Corporation operates a program to hedge certain of its fixed-rate debt instruments against changes in fair value due to

9 unchanged sentences

This program was not material to the Consolidated Financial Statements as of the end of

first quarter 2026 .

second quarter 2026 .

Credit risk associated with the Corporation’s derivative position is mitigated by several factors, including the use of derivative

2 unchanged sentences

system of controls that includes the authorization, reporting, and monitoring of derivative activity.

The net notional long/(short) position of derivative instruments at March 31, 2026 and December 31, 2025 , was as follows:

March 31, 2026

The net notional long/(short) position of derivative instruments at June 30, 2026 and December 31, 2025 , was as follows:

June 30, 2026

December 31, 2025

28 unchanged sentences

including ExxonMobil, requesting compensation for the restoration of coastal marsh erosion in the state.

We believe the factual

and legal theories set forth in these proceedings are meritless.

Effective July 31,

2026, the Corporation entered into a settlement with the state of Louisiana and the relevant coastal parishes settling all claims

related to these matters.

The settlement is not material to the Corporation, with estimated earnings impacts included in the

second quarter financial reserve updates and third quarter earnings impacts expected to be immaterial.

The settlement reflects a

negotiated resolution of disputed claims, does not constitute an admission of liability or wrongdoing, and does not provide for

any government sanctions.

While the outcome of any litigation can be unpredictable, we believe the likelihood is remote that the ultimate outcomes of

3 unchanged sentences

Other Contingencies

The Corporation and certain of its consolidated subsidiaries were contingently liable at March 31, 2026 , 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.

March 31, 2026

The Corporation and certain of its consolidated subsidiaries were contingently liable at June 30, 2026 , 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.

June 30, 2026

(millions of dollars)

8 unchanged sentences

Divestment Activities

Through March 31, 2026 , the Corporation realized proceeds of approximately $ 0.2 billion from its divestment activities with

negligible impact on after-tax earnings.

This included the sale of certain conventional assets in the United States , as well as

other smaller divestments.

Through June 30, 2026 , the Corporation realized proceeds of approximately $ 0.6 billion and recognized net after-tax earnings

of approximately $ 0.1 billion from its divestment activities.

This included the sale of certain assets in the United States, as well

as other smaller divestments.

In 2025 , the Corporation realized proceeds of approximately $ 3.2 billion and recognized net after-tax earnings of approximately

3 unchanged sentences

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.

What changed 10-Q

Item 1. Financial Statements