Balance Sheet: Liabilities and Stockholders’ Equity

The balance sheet provides creditors, investors, and analysts with information on company resources (assets) and its sources of capital (its equity and liabilities). It normally also provides information about the future earnings capacity of a company assets as well as an indication of cash flows that may come from receivables and inventories.

Liabilities represents obligations of a company arising from past events, the settlement of which is expected to result in an outflow of economic benefits from the entity.

Exxon Mobil Corp., consolidated balance sheet: liabilities and stockholders’ equity

US$ in millions

	Dec 31, 2024	Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020
Notes and loans payable	4,955)	4,090)	634)	4,276)	20,458)
Trade payables	36,145)	31,249)	33,169)	26,623)	17,499)
Payables to equity companies	10,378)	11,885)	14,585)	8,885)	6,476)
Accrued taxes other than income taxes	3,577)	3,817)	3,969)	3,896)	3,408)
Other	11,197)	11,086)	11,474)	11,362)	7,838)
Accounts payable and accrued liabilities	61,297)	58,037)	63,197)	50,766)	35,221)
Income taxes payable	4,055)	3,189)	5,214)	1,601)	684)
Current liabilities	70,307)	65,316)	69,045)	56,643)	56,363)
Long-term debt, excluding due within one year	36,755)	37,483)	40,559)	43,428)	47,182)
Postretirement benefits reserves	9,700)	10,496)	10,045)	18,430)	22,415)
Deferred income tax liabilities	39,042)	24,452)	22,874)	20,165)	18,165)
Long-term obligations to equity companies	1,346)	1,804)	2,338)	2,857)	3,253)
Other long-term obligations	25,719)	24,228)	21,733)	21,717)	21,242)
Long-term liabilities	112,562)	98,463)	97,549)	106,597)	112,257)
Total liabilities	182,869)	163,779)	166,594)	163,240)	168,620)
Common stock without par value	46,238)	17,781)	15,752)	15,746)	15,688)
Earnings reinvested	470,903)	453,927)	432,860)	392,059)	383,943)
Accumulated other comprehensive loss	(14,619)	(11,989)	(13,270)	(13,764)	(16,705)
Common stock held in treasury	(238,817)	(254,917)	(240,293)	(225,464)	(225,776)
Total ExxonMobil share of equity	263,705)	204,802)	195,049)	168,577)	157,150)
Noncontrolling interests	6,901)	7,736)	7,424)	7,106)	6,980)
Total equity	270,606)	212,538)	202,473)	175,683)	164,130)
Total liabilities and equity	453,475)	376,317)	369,067)	338,923)	332,750)

Based on: 10-K (reporting date: 2024-12-31), 10-K (reporting date: 2023-12-31), 10-K (reporting date: 2022-12-31), 10-K (reporting date: 2021-12-31), 10-K (reporting date: 2020-12-31).

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Balance sheet item	Description	The company
Current liabilities	Total obligations incurred as part of normal operations that are expected to be paid during the following twelve months or within one business cycle, if longer.	Exxon Mobil Corp. current liabilities decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Long-term liabilities	Amount of obligation due after one year or beyond the normal operating cycle, if longer.	Exxon Mobil Corp. long-term liabilities increased from 2022 to 2023 and from 2023 to 2024.
Total liabilities	Sum of the carrying amounts as of the balance sheet date of all liabilities that are recognized. Liabilities are probable future sacrifices of economic benefits arising from present obligations of an entity to transfer assets or provide services to other entities in the future.	Exxon Mobil Corp. total liabilities decreased from 2022 to 2023 but then increased from 2023 to 2024 exceeding 2022 level.
Total ExxonMobil share of equity	Total of all stockholders’ equity (deficit) items, net of receivables from officers, directors, owners, and affiliates of the entity which are attributable to the parent. The amount of the economic entity stockholders’ equity attributable to the parent excludes the amount of stockholders’ equity which is allocable to that ownership interest in subsidiary equity which is not attributable to the parent (noncontrolling interest, minority interest). This excludes temporary equity and is sometimes called permanent equity.	Exxon Mobil Corp. total ExxonMobil share of equity increased from 2022 to 2023 and from 2023 to 2024.

Exxon Mobil Corp. (NYSE:XOM)

Balance Sheet: Liabilities and Stockholders’ Equity