Note 3. Disclosures about Segments and Related Information

Our four reportable segments are Upstream, Energy Products, Chemical Products, and Specialty Products. The factors used to identify these reportable segments are based on the nature of the operations that are undertaken by each segment and reflect the nature of internal reviews by our Management Committee (MC). The MC is considered collectively, and not in their individual capacity, to be our Chief Operating Decision Maker (CODM), and includes our CEO, CFO, and two Senior Vice Presidents serving as contact executives overseeing the Upstream and Product Solutions businesses.

The Upstream segment is organized to explore for and produce crude oil and natural gas. Product Solutions consists of the Energy Products, Chemical Products, and Specialty Products segments, which are organized to manufacture and sell petroleum products and petrochemicals.

•Energy Products: Fuels, aromatics, and catalysts and licensing

•Chemical Products: Olefins, polyolefins, and intermediates

•Specialty Products: Finished lubricants, basestocks and waxes, synthetics, and elastomers and resins

The CODM generally allocates resources through an annual planning process. They also allocate capital based on detailed project economics and long-term strategic objectives across reportable segments. The CODM primarily uses changes in Net income (loss) attributable to ExxonMobil to assess segment financial performance.

Net income (loss) attributable to ExxonMobil includes transfers at estimated market prices. In Corporate and Financing, interest revenue relates to interest earned on cash deposits and marketable securities. Interest expense includes non-debt-related interest expense of $0.3 billion in 2025, $0.4 billion in 2024, and $0.2 billion in 2023.


(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.

Year ended December 31, 2025
Revenues and other income
Sales and other operating revenue	25,396	13,993	99,073	145,378	7,594	14,615	5,502	12,269	323,820
Income from equity affiliates	19	4,340	139	198	135	544	7	(52)	5,330
Intersegment revenue	25,637	36,769	19,172	26,694	6,777	3,324	2,133	499	121,005
Other income	437	560	113	849	3	(10)	13	89	2,054
Segment revenues and other income	51,489	55,662	118,497	173,119	14,509	18,473	7,655	12,805	452,209

Costs and other items
Crude oil and product purchases	19,765	10,035	102,027	138,024	8,237	13,069	3,931	8,108	303,196
Operating expenses, excl. depreciation and depletion (1)	11,344	10,515	8,387	9,162	4,620	4,693	2,079	2,297	53,097
Depreciation and depletion (includes impairments)	13,906	7,451	828	749	595	760	107	163	24,559
Interest expense	128	40	5	37	—	(2)	—	13	221
Other taxes and duties	179	2,097	3,240	19,205	79	174	9	184	25,167
Total costs and other deductions	45,322	30,138	114,487	167,177	13,531	18,694	6,126	10,765	406,240
Segment income (loss) before income taxes	6,167	25,524	4,010	5,942	978	(221)	1,529	2,040	45,969
Income tax expense (benefit)	1,104	8,753	792	1,097	75	(144)	327	362	12,366
Segment net income (loss) incl. noncontrolling interests	5,063	16,771	3,218	4,845	903	(77)	1,202	1,678	33,603
Net income (loss) attributable to noncontrolling interests	—	480	226	414	—	26	2	21	1,169
Segment income (loss)	5,063	16,291	2,992	4,431	903	(103)	1,200	1,657	32,434

Reconciliation of consolidated revenues
Segment revenues and other income			452,209
Other revenues (2)			1,034
Elimination of intersegment revenues			(121,005)
Total consolidated revenues and other income			332,238

Reconciliation of income (loss) attributable to ExxonMobil
Total segment income (loss)			32,434
Corporate and Financing income (loss)			(3,590)
Net income (loss) attributable to ExxonMobil			28,844

(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.
As of December 31, 2025
Additions to property, plant, and equipment (3)	15,872	9,490	703	1,251	800	522	368	227	29,233
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
Additions to property, plant, and equipment (3)	29,233		2,243		31,476
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 $1,212 million.
(3) Includes non-cash additions.
Due to rounding, numbers presented may not add up precisely to the totals indicated.


(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.

Year ended December 31, 2024
Revenues and other income
Sales and other operating revenue	22,929	14,202	101,325	159,531	8,558	14,338	5,790	12,463	339,136
Income from equity affiliates	(36)	5,649	140	(109)	166	615	—	(26)	6,399
Intersegment revenue	24,633	41,809	23,626	26,034	7,329	3,893	2,462	573	130,359
Other income	890	670	295	192	5	7	22	116	2,197
Segment revenues and other income	48,416	62,330	125,386	185,648	16,058	18,853	8,274	13,126	478,091

Costs and other items
Crude oil and product purchases	18,325	10,388	110,205	153,811	8,510	12,621	4,160	8,753	326,773
Operating expenses, excl. depreciation and depletion (1)	9,822	10,695	8,034	8,924	4,781	4,419	1,931	2,316	50,922
Depreciation and depletion (includes impairments)	11,510	8,014	799	734	611	485	104	133	22,390
Interest expense	185	82	9	10	1	1	—	3	291
Other taxes and duties	334	2,750	3,421	19,699	68	78	7	185	26,542
Total costs and other deductions	40,176	31,929	122,468	183,178	13,971	17,604	6,202	11,390	426,918
Segment income (loss) before income taxes	8,240	30,401	2,918	2,470	2,087	1,249	2,072	1,736	51,173
Income tax expense (benefit)	1,814	10,622	631	164	460	262	494	243	14,690
Segment net income (loss) incl. noncontrolling interests	6,426	19,779	2,287	2,306	1,627	987	1,578	1,493	36,483
Net income (loss) attributable to noncontrolling interests	—	815	188	372	—	37	2	17	1,431
Segment income (loss)	6,426	18,964	2,099	1,934	1,627	950	1,576	1,476	35,052

Reconciliation of consolidated revenues
Segment revenues and other income			478,091
Other revenues (2)			1,853
Elimination of intersegment revenues			(130,359)
Total consolidated revenues and other income			349,585

Reconciliation of income (loss) attributable to ExxonMobil
Total segment income (loss)			35,052
Corporate and Financing income (loss)			(1,372)
Net income (loss) attributable to ExxonMobil			33,680

(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.
As of December 31, 2024
Additions to property, plant, and equipment (3)	94,649	8,371	589	1,450	474	1,161	230	227	107,151
Investments in equity companies	4,884	21,396	444	915	3,016	2,649	—	814	34,118
Total assets	154,914	134,609	32,143	43,399	17,445	17,692	2,882	8,040	411,124

Reconciliation to Corporate Total	Segment Total		Corporate and Financing		Corporate Total
Additions to property, plant, and equipment (3)	107,151		2,181		109,332
Investments in equity companies	34,118		(108)		34,010
Total assets	411,124		42,351		453,475

(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 $1,600 million.
(3) Includes non-cash additions. See Note 20 for additions resulting from the Pioneer acquisition in 2024.
Due to rounding, numbers presented may not add up precisely to the totals indicated.


(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.

Year ended December 31, 2023
Revenues and other income
Sales and other operating revenue	9,500	16,074	103,868	164,515	7,951	14,314	6,044	12,363	334,629
Income from equity affiliates	63	5,550	140	131	126	761	—	(25)	6,746
Intersegment revenue	20,971	38,982	23,481	28,258	7,991	3,643	2,570	555	126,451
Other income	631	466	183	87	6	12	19	139	1,543
Segment revenues and other income	31,165	61,072	127,672	192,991	16,074	18,730	8,633	13,032	469,369

Costs and other items
Crude oil and product purchases	9,945	11,279	107,796	152,487	8,824	13,096	4,718	8,955	317,100
Operating expenses, excl. depreciation and depletion (1)	6,696	10,960	7,851	9,434	4,560	4,643	1,822	2,238	48,204
Depreciation and depletion (includes impairments)	8,863	7,737	765	797	605	706	93	222	19,788
Interest expense	82	74	4	7	2	2	—	2	173
Other taxes and duties	361	2,684	3,421	22,226	61	78	6	174	29,011
Total costs and other deductions	25,947	32,734	119,837	184,951	14,052	18,525	6,639	11,591	414,276
Segment income (loss) before income taxes	5,218	28,338	7,835	8,040	2,022	205	1,994	1,441	55,093
Income tax expense (benefit)	1,016	10,593	1,543	1,492	396	158	458	235	15,891
Segment net income (loss) incl. noncontrolling interests	4,202	17,745	6,292	6,548	1,626	47	1,536	1,206	39,202
Net income (loss) attributable to noncontrolling interests	—	639	169	529	—	36	—	28	1,401
Segment income (loss)	4,202	17,106	6,123	6,019	1,626	11	1,536	1,178	37,801

Reconciliation of consolidated revenues
Segment revenues and other income			469,369
Other revenues (2)			1,664
Elimination of intersegment revenues			(126,451)
Total consolidated revenues and other income			344,582

Reconciliation of income (loss) attributable to ExxonMobil
Total segment income (loss)			37,801
Corporate and Financing income (loss)			(1,791)
Net income (loss) attributable to ExxonMobil			36,010













(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 $1,628 million.

Due to rounding, numbers presented may not add up precisely to the totals indicated.

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. Revenue outside the scope of ASC 606 primarily relates to physically settled commodity contracts accounted for as derivatives. Contractual terms, credit quality, and type of customer are generally similar between contracts within the scope of ASC 606 and those outside it.


Sales and other operating revenue (millions of dollars)	2025	2024	2023

Revenue from contracts with customers	226,909	245,143	256,455
Revenue outside the scope of ASC 606	96,996	94,104	78,242
Total	323,905	339,247	334,697

Geographic


Sales and other operating revenue (millions of dollars)	2025	2024	2023

United States	137,639	138,657	127,374
Non-U.S.	186,266	200,590	207,323
Total	323,905	339,247	334,697

Significant non-U.S. revenue sources include: (1)
Canada	27,363	29,746	28,994







(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.


Long-lived assets (millions of dollars)	December 31,
	2025	2024	2023

United States	183,619	178,633	95,792
Non-U.S.	115,754	115,685	119,148
Total	299,373	294,318	214,940

Significant non-U.S. long-lived assets include:
Canada	29,973	28,761	31,682

Historical Timeline

Fiscal Year	Filed
2025	Feb 18, 2026	Showing above
2024	Feb 19, 2025

2023	Feb 28, 2024

2022	Feb 22, 2023

2021	Feb 23, 2022

2020	Feb 24, 2021

2019	Feb 26, 2020

2018	Feb 27, 2019

2017	Feb 28, 2018

2016	Feb 22, 2017

2015	Feb 24, 2016

About Segments Disclosures

Segment disclosures break a company into its reportable operating units, revealing revenue, profit, and asset allocation that consolidated financial statements obscure. Under ASC 280, segments must match how the chief operating decision maker views the business, providing a window into internal management structure and resource allocation priorities.

Key signals: compare segment margins to identify which units drive profitability and which destroy value. Watch for changes in the number of reportable segments — segment aggregation or disaggregation often coincides with strategic shifts or attempts to obscure declining performance. Intersegment elimination patterns reveal internal pricing practices. The reconciliation between segment totals and consolidated figures exposes corporate overhead allocation and unallocated items. Geographic revenue concentration highlights regulatory and currency exposure. Compare segment-level capital expenditure against segment revenue to assess where management is investing for future growth versus harvesting existing assets.

EXXON MOBIL CORP Segments Disclosure

Historical Timeline

About Segments Disclosures

Other Available Disclosures