Exxon Mobil (XOM) financial statements
Exxon Mobil reported revenue of $332.2B in fiscal 2025, up 5.8% a year over 9 years.
Net income was $28.8B and the operating margin 12.4%, against 0.2% in 2016.
Free cash flow was $23.6B, and the company returned $17.2B in dividends and $20.3B in net buybacks.
The diluted share count rose 3% over the period (dilution).
Revenue and free cash flow
Fiscal years, $ billions.
Income statement
Fiscal years, from Exxon Mobil's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | $200.6B | $237.2B | $279.3B | $255.6B | $178.6B | $276.7B | $413.7B | $344.6B | $349.6B | $332.2B |
| Research and development | $1.1B | $1.1B | $1.1B | $1.2B | $1.0B | $843M | $824M | $900M | $1.0B | $1.2B |
| Selling, general and admin | $10.4B | $10.6B | $11.5B | $11.4B | $10.2B | $9.6B | $10.1B | $9.9B | $10.0B | $11.1B |
| Operating income | $483M | $11.5B | $20.1B | $10.7B | -$31.8B | $22.3B | $77.8B | $52.8B | $48.9B | $41.3B |
| Interest expense | $453M | $601M | $766M | $830M | $1.2B | $947M | $798M | $849M | $996M | $603M |
| Pre-tax income | $8.0B | $18.7B | $31.0B | $20.1B | -$28.9B | $31.2B | $77.8B | $52.8B | $48.9B | $41.3B |
| Income tax | -$406M | -$1.2B | $9.5B | $5.3B | -$5.6B | $7.6B | $20.2B | $15.4B | $13.8B | $11.5B |
| Net income | $7.8B | $19.7B | $20.8B | $14.3B | -$22.4B | $23.0B | $55.7B | $36.0B | $33.7B | $28.8B |
| EPS (diluted) | $1.88 | $4.63 | $4.88 | $3.36 | -$5.25 | $5.39 | $13.26 | $8.89 | $7.84 | $6.70 |
| Diluted shares | 4.18B | 4.26B | 4.27B | 4.27B | 4.27B | 4.28B | 4.21B | 4.05B | 4.30B | 4.30B |
| Operating margin | 0.2% | 4.8% | 7.2% | 4.2% | -17.8% | 8.1% | 18.8% | 15.3% | 14.0% | 12.4% |
| Net margin | 3.9% | 8.3% | 7.5% | 5.6% | -12.6% | 8.3% | 13.5% | 10.5% | 9.6% | 8.7% |
Balance sheet
Fiscal years, from Exxon Mobil's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Cash and short-term investments | $3.7B | $3.2B | $3.0B | $3.1B | $4.4B | $6.8B | $29.6B | $31.5B | $23.0B | $10.7B |
| Receivables | $16.0B | $21.3B | $19.6B | $21.1B | $16.3B | $26.9B | $32.8B | $30.3B | $35.3B | $35.7B |
| Total current assets | $41.4B | $47.1B | $48.0B | $50.1B | $44.9B | $59.2B | $97.6B | $96.6B | $92.0B | $83.4B |
| Property, plant and equipment | $244.2B | $252.6B | $247.1B | $253.0B | $227.6B | $216.6B | $204.7B | $214.9B | $294.3B | $299.4B |
| Total assets | $330.3B | $348.7B | $346.2B | $362.6B | $332.8B | $338.9B | $369.1B | $376.3B | $453.5B | $449.0B |
| Total current liabilities | $47.6B | $57.8B | $57.1B | $64.0B | $56.4B | $56.6B | $69.0B | $65.3B | $70.3B | $72.3B |
| Long-term debt | $27.7B | $23.1B | $20.5B | $26.3B | $47.2B | $43.4B | $40.6B | $37.5B | $36.8B | $34.2B |
| Total liabilities | $156.5B | $154.2B | $147.7B | $163.7B | $168.6B | $163.2B | $166.6B | $163.8B | $182.9B | $182.4B |
| Shareholders' equity | $167.3B | $187.7B | $191.8B | $191.7B | $157.2B | $168.6B | $195.0B | $204.8B | $263.7B | $259.4B |
| Net debt | $27.0B | $24.7B | $21.6B | $24.9B | $45.7B | $39.0B | $11.1B | $10.0B | $18.6B | $29.8B |
Cash flow
Fiscal years, from Exxon Mobil's 10-K filings with the SEC.
| Fiscal year | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 | 2022 | 2023 | 2024 | 2025 |
|---|---|---|---|---|---|---|---|---|---|---|
| Operating cash flow | $22.1B | $30.1B | $36.0B | $29.7B | $14.7B | $48.1B | $76.8B | $55.4B | $55.0B | $52.0B |
| Capital spending | $16.2B | $15.4B | $19.6B | $24.4B | $17.3B | $12.1B | $18.4B | $21.9B | $24.3B | $28.4B |
| Free cash flow | $5.9B | $14.7B | $16.4B | $5.4B | -$2.6B | $36.1B | $58.4B | $33.5B | $30.7B | $23.6B |
| Dividends paid | $12.5B | $13.0B | $13.8B | $14.7B | $14.9B | $14.9B | $14.9B | $14.9B | $16.7B | $17.2B |
| Share buybacks (net) | -$977M | -$747M | -$626M | -$594M | -$405M | -$155M | -$15.2B | -$17.7B | -$19.6B | -$20.3B |
| Net borrowing | $4.6B | $2.2B | -$173M | $7.1B | $23.2B | $38M | $632M | $924M | -$251M | $1.2B |
| Free cash flow margin | 3.0% | 6.2% | 5.9% | 2.1% | -1.5% | 13.0% | 14.1% | 9.7% | 8.8% | 7.1% |
| Dividends per share | $2.98 | $3.05 | $3.23 | $3.43 | $3.48 | $3.49 | $3.55 | $3.69 | $3.89 | $4.00 |
Questions
What was Exxon Mobil's revenue in 2025?
$332.2B in fiscal 2025, from its 10-K filing.
How much free cash flow does Exxon Mobil generate?
$23.6B in fiscal 2025 (operating cash flow minus capital spending).
From Exxon Mobil's annual reports filed with the SEC (XBRL data), standardised by Investingly. Information only, not investment advice.