Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data

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 (quarterly data)

US$ in millions

	Mar 31, 2025	Dec 31, 2024	Sep 30, 2024	Jun 30, 2024	Mar 31, 2024	Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020
Notes and loans payable	4,728)	4,955)	5,632)	6,621)	8,227)	4,090)	4,743)	3,929)	2,296)	634)	6,182)	7,367)	4,886)	4,276)	12,966)	15,293)	18,185)	20,458)	21,911)	22,952)	27,755)
Accounts payable and accrued liabilities	63,987)	61,297)	60,518)	60,107)	59,531)	58,037)	62,257)	54,404)	59,935)	63,197)	62,550)	67,958)	63,501)	50,766)	47,257)	45,780)	41,017)	35,221)	33,340)	33,216)	35,815)
Income taxes payable	5,114)	4,055)	3,843)	4,035)	4,163)	3,189)	4,186)	3,482)	4,435)	5,214)	5,325)	4,785)	3,672)	1,601)	1,633)	1,165)	948)	684)	1,217)	1,102)	1,203)
Current liabilities	73,829)	70,307)	69,993)	70,763)	71,921)	65,316)	71,186)	61,815)	66,666)	69,045)	74,057)	80,110)	72,059)	56,643)	61,856)	62,238)	60,150)	56,363)	56,468)	57,270)	64,773)
Long-term debt, excluding due within one year	32,823)	36,755)	36,918)	36,565)	32,213)	37,483)	36,510)	37,567)	39,150)	40,559)	39,246)	39,516)	42,651)	43,428)	43,639)	45,319)	45,137)	47,182)	46,888)	46,563)	31,857)
Postretirement benefits reserves	10,015)	9,700)	10,677)	10,398)	10,475)	10,496)	10,174)	10,278)	10,183)	10,045)	16,799)	17,408)	18,255)	18,430)	21,060)	22,082)	21,835)	22,415)	22,097)	22,341)	21,913)
Deferred income tax liabilities	39,091)	39,042)	40,281)	40,080)	24,106)	24,452)	23,912)	23,460)	23,195)	22,874)	21,274)	20,807)	19,533)	20,165)	19,008)	18,511)	18,113)	18,165)	24,467)	24,725)	24,863)
Long-term obligations to equity companies	1,381)	1,346)	1,637)	1,612)	1,909)	1,804)	2,076)	2,036)	2,376)	2,338)	2,647)	2,617)	2,875)	2,857)	3,060)	3,038)	3,279)	3,253)	3,486)	3,831)	4,024)
Other long-term obligations	24,963)	25,719)	26,010)	25,023)	24,242)	24,228)	20,868)	21,095)	21,387)	21,733)	23,086)	22,808)	22,872)	21,717)	20,559)	20,545)	21,155)	21,242)	20,025)	19,612)	19,631)
Long-term liabilities	108,273)	112,562)	115,523)	113,678)	92,945)	98,463)	93,540)	94,436)	96,291)	97,549)	103,052)	103,156)	106,186)	106,597)	107,326)	109,495)	109,519)	112,257)	116,963)	117,072)	102,288)
Total liabilities	182,102)	182,869)	185,516)	184,441)	164,866)	163,779)	164,726)	156,251)	162,957)	166,594)	177,109)	183,266)	178,245)	163,240)	169,182)	171,733)	169,669)	168,620)	173,431)	174,342)	167,061)
Common stock without par value	46,426)	46,238)	46,936)	46,781)	17,971)	17,781)	16,165)	16,029)	15,904)	15,752)	16,106)	16,018)	15,879)	15,746)	16,104)	16,006)	15,884)	15,688)	15,997)	15,812)	15,636)
Earnings reinvested	474,290)	470,903)	467,664)	463,294)	458,339)	453,927)	450,138)	444,731)	440,552)	432,860)	423,877)	407,902)	393,779)	392,059)	386,952)	383,922)	382,953)	383,943)	407,728)	412,124)	416,919)
Accumulated other comprehensive loss	(14,338)	(14,619)	(11,959)	(13,187)	(13,169)	(11,989)	(13,088)	(12,657)	(13,095)	(13,270)	(17,803)	(15,017)	(12,914)	(13,764)	(16,696)	(15,586)	(16,090)	(16,705)	(20,189)	(21,617)	(24,339)
Common stock held in treasury	(243,658)	(238,817)	(234,049)	(228,483)	(257,891)	(254,917)	(253,512)	(249,057)	(244,676)	(240,293)	(236,080)	(231,587)	(227,529)	(225,464)	(225,771)	(225,771)	(225,773)	(225,776)	(226,136)	(226,136)	(226,137)
Total ExxonMobil share of equity	262,720)	263,705)	268,592)	268,405)	205,250)	204,802)	199,703)	199,046)	198,685)	195,049)	186,100)	177,316)	169,215)	168,577)	160,589)	158,571)	156,974)	157,150)	177,400)	180,183)	182,079)
Noncontrolling interests	7,086)	6,901)	7,808)	7,861)	7,802)	7,736)	7,830)	7,951)	7,729)	7,424)	6,943)	7,192)	7,311)	7,106)	6,917)	6,985)	7,127)	6,980)	7,212)	6,970)	6,664)
Total equity	269,806)	270,606)	276,400)	276,266)	213,052)	212,538)	207,533)	206,997)	206,414)	202,473)	193,043)	184,508)	176,526)	175,683)	167,506)	165,556)	164,101)	164,130)	184,612)	187,153)	188,743)
Total liabilities and equity	451,908)	453,475)	461,916)	460,707)	377,918)	376,317)	372,259)	363,248)	369,371)	369,067)	370,152)	367,774)	354,771)	338,923)	336,688)	337,289)	333,770)	332,750)	358,043)	361,495)	355,804)

An examination of the quarterly financial data reveals several notable trends in the company's liabilities and equity from March 2020 through March 2025.

Short-term Obligations: Notes and loans payable show a general decline from approximately $27.8 billion in early 2020 to a low of around $634 million by the end of 2022. However, from 2023 onward, there is a moderate increase again, reaching nearly $4.7 billion by the close of 2025. This pattern suggests initial substantial repayments or refinancings followed by renewed borrowing activities.; Accounts payable and accrued liabilities consistently rise over the period, starting at about $35.8 billion in March 2020 and increasing to nearly $64 billion by March 2025. This upward trend may reflect growing operational activities or delayed payments to suppliers.; Income taxes payable also increase substantially, especially after 2020, rising from roughly $1.2 billion in early 2020 to over $5.1 billion by March 2025, indicating higher taxable income or adjustments in tax liabilities.; Current liabilities overall fluctuate but maintain an upward trajectory, with values moving from around $64.8 billion in early 2020 to approximately $73.8 billion by March 2025, reflecting the combined effect of the aforementioned components.
Long-term Liabilities: Long-term debt, excluding the portion due within one year, decreases steadily from about $31.9 billion in March 2020 to around $32.8 billion by March 2025, with some fluctuations in between. Notably, there was a peak near $47 billion in mid-2020 but a gradual reduction afterward, suggesting active debt management and repayment.; Postretirement benefits reserves gradually decline over the period, from approximately $21.9 billion early on down to just above $10 billion towards the end of 2025, indicating possible benefit plan adjustments, settlements, or changes in actuarial assumptions.; Deferred income tax liabilities remain relatively stable with slight increases overall, hovering in the range of $18 billion to $40 billion, with a noticeable rise in late 2023 and into 2024, which could be related to changes in tax law or timing differences in income recognition.; Other long-term obligations and long-term liabilities show minor fluctuations but generally trend slightly downward or stable, indicating steady management of extended financial obligations.
Total Liabilities: Total liabilities show moderate volatility but overall increased from about $167 billion in March 2020 to roughly $182 billion by March 2025. A peak occurs around 2022, possibly reflecting higher operating liabilities or financing activities during that phase.
Shareholders' Equity: Common stock without par value remains mostly consistent until early 2024, when a significant increase occurs, jumping from around $18 billion to over $46 billion, sustaining that elevated level thereafter. This suggests a major equity issuance or reclassification.; Earnings reinvested steadily increase from around $417 billion in early 2020 to nearly $474 billion by 2025, reflecting consistent profitability and retained earnings growth.; Accumulated other comprehensive loss remains negative without a clear improving or deteriorating trend, fluctuating between approximately -$24 billion and -$14 billion, indicating ongoing unrealized losses or other comprehensive loss components.; Common stock held in treasury shows increasing negative balances over the period, moving from about -$226 billion to nearly -$244 billion. The increase in treasury stock indicates continued stock buybacks or repurchases.; Total ExxonMobil share of equity grows modestly from $182 billion to approximately $263 billion by 2025, with a pronounced surge in 2024 coinciding with the common stock increase, suggesting substantial equity-related transactions fostering growth in shareholder equity.; Total equity, inclusive of noncontrolling interests, mirrors this trend rising from about $189 billion to near $270 billion over the period, confirming overall strengthening in the equity base.
Total Liabilities and Equity: The aggregate of total liabilities and equity increases markedly from approximately $356 billion in March 2020 to a peak around $462 billion in 2024, then slightly declines towards $452 billion by early 2025, reflecting overall balance sheet expansion principally driven by equity increases and to some extent liability growth.

Overall, the data indicate a company actively managing its debt obligations with a tendency toward longer-term debt reduction and controlled short-term liabilities. Equity growth, particularly in 2024, suggests capital raising initiatives or transaction activities significantly altering the capital structure. Despite fluctuations, earnings reinvestment remains robust, while liabilities show moderate increases consistent with expanded operational scale or financing. Treasury stock trends point to ongoing shareholder returns via repurchase programs. The balance sheet expansion towards the latter years signals scaling of the company’s financial capacity.

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Exxon Mobil Corp. (NYSE:XOM)

Balance Sheet: Liabilities and Stockholders’ Equity Quarterly Data

Balance Sheet: Liabilities and Stockholders’ Equity
Quarterly Data