Document And Entity Information
Document And Entity Information - USD ($) $ in Billions | 12 Months Ended | ||
Dec. 31, 2022 | Jan. 31, 2023 | Jun. 30, 2022 | |
Document Information [Line Items] | |||
Document Type | 10-K | ||
Document Annual Report | true | ||
Document Period End Date | Dec. 31, 2022 | ||
Current Fiscal Year End Date | --12-31 | ||
Document Fiscal Year Focus | 2022 | ||
Document Transition Report | false | ||
Entity File Number | 1-2256 | ||
Entity Registrant Name | Exxon Mobil Corporation | ||
Entity Incorporation, State or Country Code | NJ | ||
Entity Tax Identification Number | 13-5409005 | ||
Entity Address Address Line 1 | 5959 Las Colinas Boulevard | ||
Entity Address City or Town | Irving | ||
Entity Address State or Province | TX | ||
Entity Address Postal Zip Code | 75039-2298 | ||
City Area Code | 972 | ||
Local Phone Number | 940-6000 | ||
Entity Well-known Seasoned Issuer | Yes | ||
Entity Voluntary Filers | No | ||
Entity Current Reporting Status | Yes | ||
Entity Interactive Data Current | Yes | ||
Entity Filer Category | Large Accelerated Filer | ||
Entity Small Business | false | ||
Entity Emerging Growth Company | false | ||
ICFR Auditor Attestation Flag | true | ||
Entity Shell Company | false | ||
Entity Public Float | $ 356 | ||
Entity Common Stock Shares Outstanding | 4,070,984,988 | ||
Amendment Flag | false | ||
Documents Incorporated by Reference Text Block | Proxy Statement for the 2023 Annual Meeting of Shareholders (Part III) | ||
Document Fiscal Period Focus | FY | ||
Entity Central Index Key | 0000034088 | ||
Common Stock, without par value [Member] | |||
Document Information [Line Items] | |||
Security 12(b) Title | Common Stock, without par value | ||
Trading Symbol | XOM | ||
Security Exchange Name | NYSE | ||
0.142% Notes Due in 2024 [Member] | |||
Document Information [Line Items] | |||
Security 12(b) Title | 0.142% Notes due 2024 | ||
Trading Symbol | XOM24B | ||
Security Exchange Name | NYSE | ||
0.524% Notes Due in 2028 [Member] | |||
Document Information [Line Items] | |||
Security 12(b) Title | 0.524% Notes due 2028 | ||
Trading Symbol | XOM28 | ||
Security Exchange Name | NYSE | ||
0.835% Notes Due in 2032 [Member] | |||
Document Information [Line Items] | |||
Security 12(b) Title | 0.835% Notes due 2032 | ||
Trading Symbol | XOM32 | ||
Security Exchange Name | NYSE | ||
1.408% Notes Due in 2039 [Member] | |||
Document Information [Line Items] | |||
Security 12(b) Title | 1.408% Notes due 2039 | ||
Trading Symbol | XOM39A | ||
Security Exchange Name | NYSE |
Audit Information
Audit Information | 12 Months Ended |
Dec. 31, 2022 | |
Audit Information [Abstract] | |
Auditor Name | PricewaterhouseCoopers LLP |
Auditor Location | Dallas, Texas |
Auditor Firm ID | 238 |
Consolidated Statement Of Incom
Consolidated Statement Of Income - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Revenues and other income | |||
Total revenues | $ 413,680 | $ 285,640 | $ 181,502 |
Costs and other deductions | |||
Crude oil and product purchases | 228,959 | 155,164 | 94,007 |
Production and manufacturing expenses | 42,609 | 36,035 | 30,431 |
Selling, general and administrative expenses | 10,095 | 9,574 | 10,168 |
Depreciation and depletion (includes impairments) | 24,040 | 20,607 | 46,009 |
Exploration expenses, including dry holes | 1,025 | 1,054 | 1,285 |
Non-service pension and postretirement benefit expense | 482 | 786 | 1,205 |
Interest expense | 798 | 947 | 1,158 |
Other taxes and duties | 27,919 | 30,239 | 26,122 |
Total costs and other deductions | 335,927 | 254,406 | 210,385 |
Income (loss) before income taxes | 77,753 | 31,234 | (28,883) |
Income tax expense (benefit) | 20,176 | 7,636 | (5,632) |
Net income (loss) including noncontrolling interests | 57,577 | 23,598 | (23,251) |
Net income (loss) attributable to noncontrolling interests | 1,837 | 558 | (811) |
Net income (loss) attributable to ExxonMobil | $ 55,740 | $ 23,040 | $ (22,440) |
Earnings (loss) per common share (dollars) | $ 13.26 | $ 5.39 | $ (5.25) |
Earnings (loss) per common share, basic (in dollars per share) | $ 13.26 | $ 5.39 | $ (5.25) |
Sales and other operating revenue | |||
Revenues and other income | |||
Total revenues | $ 398,675 | $ 276,692 | $ 178,574 |
Income from equity affiliates | |||
Revenues and other income | |||
Total revenues | 11,463 | 6,657 | 1,732 |
Other income | |||
Revenues and other income | |||
Total revenues | $ 3,542 | $ 2,291 | $ 1,196 |
Consolidated Statement Of Compr
Consolidated Statement Of Comprehensive Income - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Statement of Comprehensive Income [Abstract] | |||
Net income (loss) including noncontrolling interests | $ 57,577 | $ 23,598 | $ (23,251) |
Other comprehensive income (loss) (net of income taxes) | |||
Foreign exchange translation adjustment | (3,482) | (872) | 1,916 |
Adjustment for foreign exchange translation (gain)/loss included in net income | 0 | (2) | 14 |
Postretirement benefits reserves adjustment (excluding amortization) | 3,395 | 3,118 | 30 |
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs | 403 | 925 | 896 |
Total other comprehensive income (loss) | 316 | 3,169 | 2,856 |
Comprehensive income (loss) including noncontrolling interests | 57,893 | 26,767 | (20,395) |
Comprehensive income (loss) attributable to noncontrolling interests | 1,659 | 786 | (743) |
Comprehensive income (loss) attributable to ExxonMobil | $ 56,234 | $ 25,981 | $ (19,652) |
Consolidated Balance Sheet
Consolidated Balance Sheet - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Current assets | ||
Cash and cash equivalents | $ 29,640 | $ 6,802 |
Cash and cash equivalents – restricted | 25 | 0 |
Notes and accounts receivable – net | 41,749 | 32,383 |
Inventories | ||
Crude oil, products and merchandise | 20,434 | 14,519 |
Materials and supplies | 4,001 | 4,261 |
Other current assets | 1,782 | 1,189 |
Total current assets | 97,631 | 59,154 |
Investments, advances and long-term receivables | 49,793 | 45,195 |
Property, plant and equipment, at cost, less accumulated depreciation and depletion | 204,692 | 216,552 |
Other assets, including intangibles – net | 16,951 | 18,022 |
Total Assets | 369,067 | 338,923 |
Current liabilities | ||
Notes and loans payable | 634 | 4,276 |
Accounts payable and accrued liabilities | 63,197 | 50,766 |
Income taxes payable | 5,214 | 1,601 |
Total current liabilities | 69,045 | 56,643 |
Long-term debt | 40,559 | 43,428 |
Postretirement benefits reserves | 10,045 | 18,430 |
Deferred income tax liabilities | 22,874 | 20,165 |
Long-term obligations to equity companies | 2,338 | 2,857 |
Other long-term obligations | 21,733 | 21,717 |
Total Liabilities | 166,594 | 163,240 |
Commitments and contingencies | ||
EQUITY | ||
Common stock without par value (9,000 million shares authorized, 8,019 million shares issued) | 15,752 | 15,746 |
Earnings reinvested | 432,860 | 392,059 |
Accumulated other comprehensive income | (13,270) | (13,764) |
Common stock held in treasury (3,937 million shares in 2022 and 3,780 million shares in 2021) | (240,293) | (225,464) |
ExxonMobil share of equity | 195,049 | 168,577 |
Noncontrolling interests | 7,424 | 7,106 |
Total Equity | 202,473 | 175,683 |
Total Liabilities and Equity | $ 369,067 | $ 338,923 |
Consolidated Balance Sheet (Par
Consolidated Balance Sheet (Parenthetical) - $ / shares shares in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Statement of Financial Position [Abstract] | ||
Common stock, without par value | ||
Common stock, shares authorized | 9,000 | 9,000 |
Common stock, shares issued | 8,019 | 8,019 |
Common stock held in treasury, shares | 3,937 | 3,780 |
Consolidated Statement Of Cash
Consolidated Statement Of Cash Flows - USD ($) $ in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | ||
CASH FLOWS FROM OPERATING ACTIVITIES | ||||
Net income (loss) including noncontrolling interests | $ 57,577 | $ 23,598 | $ (23,251) | |
Adjustments for noncash transactions | ||||
Depreciation and depletion (includes impairments) | 24,040 | 20,607 | 46,009 | |
Deferred income tax charges/(credits) | 3,758 | 303 | (8,856) | |
Postretirement benefits expense in excess of/(less than) net payments | (2,981) | 754 | 498 | |
Other long-term obligation provisions in excess of/(less than) payments | (1,932) | 50 | (1,269) | |
Dividends received greater than/(less than) equity in current earnings of equity companies | (2,446) | (668) | 979 | |
Changes in operational working capital, excluding cash and debt | ||||
Notes and accounts receivable reduction/(increase) | (11,019) | (12,098) | 5,384 | |
Inventories reduction/(increase) | (6,947) | (489) | (315) | |
Other current assets reduction/(increase) | (688) | (71) | 420 | |
Accounts and other payables increase/(reduction) | 18,460 | 16,820 | (7,142) | |
Net (gain)/loss on asset sales | (1,034) | (1,207) | 4 | |
All other items - net | 9 | 530 | 2,207 | |
Net cash provided by operating activities | 76,797 | 48,129 | 14,668 | |
CASH FLOWS FROM INVESTING ACTIVITIES | ||||
Additions to property, plant and equipment | (18,407) | (12,076) | (17,282) | |
Proceeds from asset sales and returns of investments | 5,247 | 3,176 | 999 | |
Additional investments and advances | (3,090) | (2,817) | (4,857) | |
Other investing activities including collection of advances | 1,508 | 1,482 | 2,681 | |
Net cash used in investing activities | (14,742) | (10,235) | (18,459) | |
CASH FLOWS FROM FINANCING ACTIVITIES | ||||
Additions to long-term debt | 637 | 46 | 23,186 | |
Reductions in long-term debt | (5) | (8) | (8) | |
Additions to short-term debt | [1] | 198 | 12,687 | 35,396 |
Reductions in short-term debt | [1] | (8,075) | (29,396) | (28,742) |
Additions/(reductions) in commercial paper, and debt with three months or less maturity | 25 | (2,983) | (9,691) | |
Contingent consideration payments | (58) | (30) | (21) | |
Cash dividends to ExxonMobil shareholders | (14,939) | (14,924) | (14,865) | |
Cash dividends to noncontrolling interests | (267) | (224) | (188) | |
Changes in noncontrolling interests | (1,475) | (436) | 623 | |
Common stock acquired | (15,155) | (155) | (405) | |
Net cash provided by (used in) financing activities | (39,114) | (35,423) | 5,285 | |
Effects of exchange rate changes on cash | (78) | (33) | (219) | |
Increase/(decrease) in cash and cash equivalents | 22,863 | 2,438 | 1,275 | |
Cash and cash equivalents at beginning of year | 6,802 | 4,364 | 3,089 | |
Cash and cash equivalents at end of year | $ 29,665 | $ 6,802 | $ 4,364 | |
[1] (1) Includes commercial paper with a maturity greater than three months. |
Consolidated Statement Of Chang
Consolidated Statement Of Changes In Equity - USD ($) shares in Millions, $ in Millions | Total | Common Stock, without par value [Member] | ExxonMobil Share Of Earnings Reinvested [Member] | ExxonMobil Share Of Accumulated Other Comprehensive Income [Member] | ExxonMobil Share Of Common Stock Held In Treasury [Member] | ExxonMobil Share Of Equity [Member] | Noncontrolling Interest [Member] |
Balance at Dec. 31, 2019 | $ 198,938 | $ 15,637 | $ 421,341 | $ (19,493) | $ (225,835) | $ 191,650 | $ 7,288 |
Balance (in shares) - issued at Dec. 31, 2019 | 8,019 | ||||||
Balance (in shares) - in treasury at Dec. 31, 2019 | (3,785) | ||||||
Balance (in shares) - outstanding at Dec. 31, 2019 | 4,234 | ||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Amortization of stock-based awards | $ 696 | 696 | 696 | ||||
Other | 47 | (645) | (645) | 692 | |||
Net income (loss) for the year | (23,251) | (22,440) | (22,440) | (811) | |||
Dividends - common shares (company) | (14,865) | (14,865) | |||||
Dividends - common shares (NCI) | (188) | ||||||
Dividends - common shares (total) | (15,053) | ||||||
Cumulative effect of accounting change | (94) | (93) | 0 | (93) | (1) | ||
Other comprehensive income | 2,856 | 2,788 | 2,788 | 68 | |||
Acquisitions, at cost (company) | (405) | (405) | |||||
Acquisitions, at cost (NCI) | (68) | ||||||
Acquisitions, at cost (total) | $ (473) | ||||||
Acquisitions (in shares) | (8) | ||||||
Dispositions | $ 464 | 464 | 464 | ||||
Dispositions (in shares) | 7 | ||||||
Balance at Dec. 31, 2020 | $ 164,130 | 15,688 | 383,943 | (16,705) | (225,776) | 157,150 | 6,980 |
Balance (in shares) - issued at Dec. 31, 2020 | 8,019 | ||||||
Balance (in shares) - in treasury at Dec. 31, 2020 | (3,786) | ||||||
Balance (in shares) - outstanding at Dec. 31, 2020 | 4,233 | ||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Amortization of stock-based awards | $ 534 | 534 | 534 | ||||
Other | (361) | (476) | (476) | 115 | |||
Net income (loss) for the year | 23,598 | 23,040 | 23,040 | 558 | |||
Dividends - common shares (company) | (14,924) | (14,924) | |||||
Dividends - common shares (NCI) | (224) | ||||||
Dividends - common shares (total) | (15,148) | ||||||
Other comprehensive income | 3,169 | 2,941 | 2,941 | 228 | |||
Acquisitions, at cost (company) | (155) | (155) | |||||
Acquisitions, at cost (NCI) | (551) | ||||||
Acquisitions, at cost (total) | $ (706) | ||||||
Acquisitions (in shares) | (2) | ||||||
Dispositions | $ 467 | 467 | 467 | ||||
Dispositions (in shares) | 8 | ||||||
Balance at Dec. 31, 2021 | $ 175,683 | 15,746 | 392,059 | (13,764) | (225,464) | 168,577 | 7,106 |
Balance (in shares) - issued at Dec. 31, 2021 | 8,019 | ||||||
Balance (in shares) - in treasury at Dec. 31, 2021 | (3,780) | ||||||
Balance (in shares) - outstanding at Dec. 31, 2021 | 4,239 | ||||||
Increase (Decrease) in Stockholders' Equity [Roll Forward] | |||||||
Amortization of stock-based awards | $ 481 | 481 | 481 | ||||
Other | (70) | (475) | (475) | 405 | |||
Net income (loss) for the year | 57,577 | 55,740 | 55,740 | 1,837 | |||
Dividends - common shares (company) | (14,939) | (14,939) | |||||
Dividends - common shares (NCI) | (267) | ||||||
Dividends - common shares (total) | (15,206) | ||||||
Other comprehensive income | 316 | 494 | 494 | (178) | |||
Acquisitions, at cost (company) | (15,295) | (15,295) | |||||
Acquisitions, at cost (NCI) | (1,479) | ||||||
Acquisitions, at cost (total) | $ (16,774) | ||||||
Acquisitions (in shares) | (165) | ||||||
Dispositions | $ 466 | 466 | 466 | ||||
Dispositions (in shares) | 8 | ||||||
Balance at Dec. 31, 2022 | $ 202,473 | $ 15,752 | $ 432,860 | $ (13,270) | $ (240,293) | $ 195,049 | $ 7,424 |
Balance (in shares) - issued at Dec. 31, 2022 | 8,019 | ||||||
Balance (in shares) - in treasury at Dec. 31, 2022 | (3,937) | ||||||
Balance (in shares) - outstanding at Dec. 31, 2022 | 4,082 |
Summary Of Accounting Policies
Summary Of Accounting Policies | 12 Months Ended |
Dec. 31, 2022 | |
Accounting Policies [Abstract] | |
Summary Of Accounting Policies | Summary of Accounting Policies Principles of Consolidation and Accounting for Investments The Consolidated Financial Statements include the accounts of subsidiaries the Corporation controls and any variable interest entities where it is deemed the primary beneficiary. They also include the Corporation’s share of the undivided interest in certain upstream assets, liabilities, revenues, and expenses. Amounts representing the Corporation’s interest in entities that it does not control, but over which it exercises significant influence, are included in “Investments, advances and long-term receivables”. Under the equity method of accounting, the Corporation recognizes its share of the net income of these companies in “Income from equity affiliates”. Majority ownership is normally the indicator of control that is the basis on which subsidiaries are consolidated. However, certain factors may indicate that a majority-owned investment is not controlled and, therefore, should be accounted for using the equity method of accounting. These factors occur where the minority shareholders are granted, by law or by contract, substantive participating rights. These include the right to approve operating policies, expense budgets, financing and investment plans, and management compensation and succession plans. Investments accounted for by the equity method are assessed for possible impairment when events or changes in circumstances indicate that the carrying value of an investment may not be recoverable. Examples of key indicators include a history of operating losses, negative earnings and cash flow outlook, significant downward revisions to oil and gas reserves, and the financial condition and prospects for the investee’s business segment or geographic region. If the decline in value of the investment is other than temporary, the carrying value of the investment is written down to fair value. In the absence of market prices for the investment, discounted cash flows are used to assess fair value. The Corporation’s share of the cumulative foreign exchange translation adjustment for equity method investments is reported in “Accumulated other comprehensive income”. Investments in equity securities, other than consolidated subsidiaries and equity method investments, are measured at fair value with changes in fair value recognized in net income. The Corporation uses the modified approach for equity securities that do not have a readily determinable fair value. This modified approach measures investments at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions in a similar investment of the same issuer. Revenue Recognition The Corporation generally sells crude oil, natural gas, and petroleum and chemical products under short-term agreements at prevailing market prices. In some cases (e.g., natural gas), products may be sold under long-term agreements, with periodic price adjustments to reflect market conditions. Revenue is recognized at the amount the Corporation expects to receive when the customer has taken control, which is typically when title transfers and the customer has assumed the risks and rewards of ownership. The prices of certain sales are based on price indices that are sometimes not available until the next period. In such cases, estimated realizations are accrued when the sale is recognized, and are finalized when the price is available. Such adjustments to revenue from performance obligations satisfied in previous periods are not significant. Payment for revenue transactions is typically due within 30 days. Future volume delivery obligations that are unsatisfied at the end of the period are expected to be fulfilled through ordinary production or purchases. These performance obligations are based on market prices at the time of the transaction and are fully constrained due to market price volatility. Purchases and sales of inventory with the same counterparty that are entered into in contemplation of one another are combined and recorded as exchanges measured at the book value of the item sold. “Sales and other operating revenue” and “Notes and accounts receivable” include revenue and receivables both within the scope of ASC 606 "Revenue from Contracts with Customers” and those outside the scope of ASC 606. Long-term receivables are primarily from receivables outside the scope of ASC 606. Contract assets are mainly from marketing assistance programs and are not significant. Contract liabilities are mainly customer prepayments and accruals of expected volume discounts and are not significant. Income and Other Taxes The Corporation excludes from the Consolidated Statement of Income certain sales and value-added taxes imposed on and concurrent with revenue-producing transactions with customers and collected on behalf of governmental authorities. Similar taxes, for which the Corporation is not considered to be an agent for the government, are reported on a gross basis (included in both “Sales and other operating revenue” and “Other taxes and duties”). The Corporation accounts for U.S. tax on global intangible low-taxed income as an income tax expense in the period in which it is incurred. Derivative Instruments The Corporation may use derivative instruments for trading purposes and to offset exposures associated with commodity prices, foreign currency exchange rates, and interest rates that arise from existing assets, liabilities, firm commitments, and forecasted transactions. All derivative instruments, except those designated as normal purchase and normal sale, are recorded at fair value. Derivative assets and liabilities with the same counterparty are netted if the right of offset exists and certain other criteria are met. Collateral payables or receivables are netted against derivative assets and derivative liabilities, respectively. Recognition and classification of the gain or loss that results from adjusting a derivative to fair value depends on the purpose for the derivative. All gains and losses from derivative instruments for which the Corporation does not apply hedge accounting are immediately recognized in earnings. The Corporation may designate derivatives as fair value or cash flow hedges. For fair value hedges, the gain or loss from derivative instruments and the offsetting gain or loss from the hedged item are recognized in earnings. For cash flow hedges, the gain or loss from the derivative instrument is initially reported as a component of other comprehensive income and subsequently reclassified into earnings in the period that the forecasted transaction affects earnings. Fair Value Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Hierarchy levels 1, 2, and 3 are terms for the priority of inputs to valuation techniques used to measure fair value. Hierarchy level 1 inputs are quoted prices in active markets for identical assets or liabilities. Hierarchy level 2 inputs are inputs other than quoted prices included within level 1 that are directly or indirectly observable for the asset or liability. Hierarchy level 3 inputs are inputs that are not observable in the market. Inventories Crude oil, products, and merchandise inventories are carried at the lower of current market value or cost (generally determined under the last-in, first-out method – LIFO). Inventory costs include expenditures and other charges (including depreciation) directly and indirectly incurred in bringing the inventory to its existing condition and location. Selling expenses and general and administrative expenses are reported as period costs and excluded from inventory cost. Inventories of materials and supplies are valued at cost or less. Property, Plant, and Equipment Cost Basis. The Corporation uses the “successful efforts” method to account for its exploration and production activities. Under this method, costs are accumulated on a field-by-field basis. Costs incurred to purchase, lease, or otherwise acquire a property (whether unproved or proved) are capitalized when incurred. Exploratory well costs are carried as an asset when the well has found a sufficient quantity of reserves to justify its completion as a producing well and where the Corporation is making sufficient progress assessing the reserves and the economic and operating viability of the project. Exploratory well costs not meeting these criteria are charged to expense. Other exploratory expenditures, including geophysical costs and annual lease rentals, are expensed as incurred. Development costs, including costs of productive wells and development dry holes, are capitalized. Interest costs incurred to finance expenditures during the construction phase of multiyear projects are capitalized as part of the historical cost of acquiring the constructed assets. The project construction phase commences with the development of the detailed engineering design and ends when the constructed assets are ready for their intended use. Capitalized interest costs are included in property, plant, and equipment and are depreciated over the service life of the related assets. Depreciation, Depletion, and Amortization. Depreciation, depletion, and amortization are primarily determined under either the unit-of-production method or the straight-line method, which is based on estimated asset service life, taking obsolescence into consideration. Acquisition costs of proved properties are amortized using a unit-of-production method, computed on the basis of total proved oil and natural gas reserve volumes. Capitalized exploratory drilling and development costs associated with productive depletable extractive properties are amortized using the unit-of-production rates based on the amount of proved developed reserves of oil and gas that are estimated to be recoverable from existing facilities using current operating methods. Under the unit-of-production method, oil and natural gas volumes are considered produced once they have been measured through meters at custody transfer or sales transaction points at the outlet valve on the lease or field storage tank. In the event that the unit-of-production method does not result in an equitable allocation of cost over the economic life of an upstream asset, an alternative method is used. The straight-line method is used in limited situations where the expected life of the asset does not reasonably correlate with that of the underlying reserves. For example, certain assets used in the production of oil and natural gas have a shorter life than the reserves, and as such, the Corporation uses straight-line depreciation to ensure the asset is fully depreciated by the end of its useful life. To the extent that proved reserves for a property are substantially de-booked and that property continues to produce such that the resulting depreciation charge does not result in an equitable allocation of cost over the expected life, assets will be depreciated using a unit-of-production method based on reserves determined at the most recent SEC price which results in a more meaningful quantity of proved reserves, appropriately adjusted for production and technical changes. Investments in refinery, chemical process, and lubes basestock manufacturing equipment are generally depreciated on a straight-line basis over a 25-year life. Service station buildings and fixed improvements are generally depreciated over a 20-year life. Maintenance and repairs, including planned major maintenance, are expensed as incurred. Major renewals and improvements are capitalized, and the assets replaced are retired. Impairment Assessment. The Corporation tests assets or groups of assets for recoverability on an ongoing basis whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable. Among the events or changes in circumstances which could indicate that the carrying value of an asset or asset group may not be recoverable are the following: • a significant decrease in the market price of a long-lived asset; • a significant adverse change in the extent or manner in which an asset is being used or in its physical condition, including a significant decrease in current and projected reserve volumes; • a significant adverse change in legal factors or in the business climate that could affect the value, including an adverse action or assessment by a regulator; • an accumulation of project costs significantly in excess of the amount originally expected; • a current-period operating loss combined with a history and forecast of operating or cash flow losses; and • a current expectation that, more likely than not, a long-lived asset will be sold or otherwise disposed of significantly before the end of its previously estimated useful life. The Corporation has a robust process to monitor for indicators of potential impairment across its asset groups throughout the year. This process is aligned with the requirements of ASC 360 and ASC 932, and relies, in part, on the Corporation’s planning and budgeting cycle. Asset valuation analysis, profitability reviews, and other periodic control processes assist the Corporation in assessing whether events or changes in circumstances indicate the carrying amounts of any of its assets may not be recoverable. Because the lifespans of the vast majority of the Corporation’s major assets are measured in decades, the future cash flows of these assets are predominantly based on long-term oil and natural gas commodity prices and industry margins, development costs, and production costs. Significant reductions in the Corporation’s view of oil or natural gas commodity prices or margin ranges, especially the longer-term prices and margins, and changes in the development plans, including decisions to defer, reduce, or eliminate planned capital spending, can be an indicator of potential impairment. Other events or changes in circumstances can be indicators of potential impairment as well. In general, the Corporation does not view temporarily low prices or margins as an indication of impairment. Management believes that prices over the long term must be sufficient to generate investments in energy supply to meet global demand. Although prices will occasionally drop significantly, industry prices over the long term will continue to be driven by market supply and demand fundamentals. On the supply side, industry production from mature fields is declining. This is being offset by investments to generate production from new discoveries, field developments, and technology and efficiency advancements. OPEC investment activities and production policies also have an impact on world oil supplies. The demand side is largely a function of general economic activities, alternative energy sources, and levels of prosperity. During the lifespan of its major assets, the Corporation expects that oil and gas prices and industry margins will experience significant volatility. Consequently, these assets will experience periods of higher earnings and periods of lower earnings, or even losses. In assessing whether events or changes in circumstances indicate the carrying value of an asset may not be recoverable, the Corporation considers recent periods of operating losses in the context of its longer-term view of prices and margins. In the Upstream, the standardized measure of discounted cash flows included in the Supplemental Information on Oil and Gas Exploration and Production Activities is required to use prices based on the average of first-of-month prices in the year. These prices represent discrete points in time and could be higher or lower than the Corporation’s price assumptions which are used for impairment assessments. The Corporation believes the standardized measure does not provide a reliable estimate of the expected future cash flows to be obtained from the development and production of its oil and gas properties or of the value of its oil and gas reserves, and therefore, does not consider it relevant in determining whether events or changes in circumstances indicate the need for an impairment assessment. Outlook for Energy and Cash Flow Assessment. The annual planning and budgeting process, known as the Corporate Plan, is the mechanism by which resources (capital, operating expenses, and people) are allocated across the Corporation. The foundation for the assumptions supporting the Corporate Plan is the Outlook for Energy (Outlook), which contains the Corporation’s demand and supply projections based on its assessment of current trends in technology, government policies, consumer preferences, geopolitics, economic development, and other factors. Reflective of the existing global policy environment, the Outlook does not attempt to project the degree of necessary future policy and technology advancement and deployment for the world, or the Corporation, to meet net zero by 2050. As future policies and technology advancements emerge, they will be incorporated into the Outlook, and the Corporation’s business plans will be updated accordingly. If events or changes in circumstances indicate that the carrying value of an asset may not be recoverable, the Corporation estimates the future undiscounted cash flows of the affected properties to judge the recoverability of carrying amounts. In performing this assessment, assets are grouped at the lowest level for which there are identifiable cash flows that are largely independent of the cash flows of other groups of assets. Cash flows used in recoverability assessments are based on the assumptions developed in the Corporate Plan, which is reviewed and approved by the Board of Directors, and are consistent with the criteria management uses to evaluate investment opportunities. These evaluations make use of the Corporation’s assumptions of future capital allocations, crude oil and natural gas commodity prices including price differentials, refining and chemical margins, volumes, development and operating costs including greenhouse gas emission prices, and foreign currency exchange rates. Notably, when assessing future cash flows, the Corporation includes the estimated costs in support of reaching its 2030 greenhouse gas emission-reduction plans, including its goal of net-zero greenhouse gas emissions (Scope 1 and 2) from unconventional operated assets in the Permian Basin. Volumes are based on projected field and facility production profiles, throughput, or sales. Management’s estimate of upstream production volumes used for projected cash flows makes use of proved reserve quantities and may include risk-adjusted unproved reserve quantities. Cash flow estimates for impairment testing exclude the effects of derivative instruments. As part of the Corporate Plan, the Company considers estimated greenhouse gas emission costs, even for jurisdictions without a current greenhouse gas pricing policy. Fair Value of Impaired Assets. An asset group is impaired if its estimated undiscounted cash flows are less than the asset group's carrying value. Impairments are measured by the excess of the carrying value over fair value. The assessment of fair value is based upon the views of a likely market participant. The principal parameters used to establish fair value include estimates of acreage values and flowing production metrics from comparable market transactions, market-based estimates of historical cash flow multiples, and discounted cash flows. Inputs and assumptions used in discounted cash flow models include estimates of future production volumes, throughput and product sales volumes, commodity prices which are consistent with the average of third-party industry experts and government agencies, refining and chemical margins, drilling and development costs, operating costs, and discount rates which are reflective of the characteristics of the asset group. Other Impairments Related to Property, Plant and Equipment. Unproved properties are assessed periodically to determine whether they have been impaired. Significant unproved properties are assessed for impairment individually, and valuation allowances against the capitalized costs are recorded based on the Corporation's future development plans, the estimated economic chance of success, and the length of time that the Corporation expects to hold the properties. Properties that are not individually significant are aggregated by groups and amortized based on development risk and average holding period. Long-lived assets that are held for sale are evaluated for possible impairment by comparing the carrying value of the asset with its fair value less the cost to sell. If the net book value exceeds the fair value less cost to sell, the assets are considered impaired and adjusted to the lower value. Gains on sales of proved and unproved properties are only recognized when there is neither uncertainty about the recovery of costs applicable to any interest retained nor any substantial obligation for future performance by the Corporation. Environmental Liabilities Liabilities for environmental costs are recorded when it is probable that obligations have been incurred and the amounts can be reasonably estimated. These liabilities are not reduced by possible recoveries from third parties, and projected cash expenditures are not discounted. Foreign Currency Translation The Corporation selects the functional reporting currency for its international subsidiaries based on the currency of the primary economic environment in which each subsidiary operates. Operations in the Product Solutions businesses use the local currency. However, the U.S. dollar is used in countries with a history of high inflation (primarily in Latin America) and Singapore, which predominantly sells into the U.S. dollar export market. Upstream operations which are relatively self-contained and integrated within a particular country, such as in Canada and Europe, use the local currency. Some Upstream operations, primarily in Asia and Africa, use the U.S. dollar because they predominantly sell crude and natural gas production into U.S. dollar-denominated markets. For all operations, gains or losses from remeasuring foreign currency transactions into the functional currency are included in income. |
Russia
Russia | 12 Months Ended |
Dec. 31, 2022 | |
Impairment or Disposal of Tangible Assets Disclosure [Abstract] | |
Russia | RussiaIn response to Russia’s military action in Ukraine, the Corporation announced in early 2022 that it planned to discontinue operations on the Sakhalin-1 project (“Sakhalin”) and develop steps to exit the venture. In light of this, an impairment assessment was conducted, and management determined that the carrying value of the asset group was not recoverable. As a result, the Corporation’s first-quarter earnings included after-tax charges of $3.4 billion largely representing the full impairment of its operations related to Sakhalin. On a before-tax basis, the charges amounted to $4.6 billion, substantially all of which is reflected in the line captioned “Depreciation and depletion (including impairments)” on the Consolidated Statement of Income. Effective October 14, the Russian government unilaterally terminated the Corporation’s interests in Sakhalin, transferring operations to a Russian operator. The Corporation’s fourth-quarter results include an after-tax benefit of $1.1 billion largely reflecting the impact of the expropriation on the company’s various obligations related to Sakhalin. The Corporation's exit from the project results in approximately 150 million oil-equivalent barrels no longer qualifying as proved reserves at year-end 2022. |
Miscellaneous Financial Informa
Miscellaneous Financial Information | 12 Months Ended |
Dec. 31, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Miscellaneous Financial Information | Miscellaneous Financial Information Research and development expenses totaled $824 million in 2022, $843 million in 2021, and $1,016 million in 2020. Net income included before-tax aggregate foreign exchange transaction losses of $218 million, $18 million, and $24 million in 2022, 2021, and 2020, respectively. LIFO Inventory. In 2022, 2021, and 2020, net income included gains of $367 million, $54 million, and $41 million, respectively, attributable to the combined effects of LIFO inventory accumulations and drawdowns. The aggregate replacement cost of inventories was estimated to exceed their LIFO carrying values by $14.9 billion and $14.0 billion at December 31, 2022 and 2021, respectively. Crude oil, products. and merchandise as of year-end 2022 and 2021 consist of the following: (millions of dollars) Dec 31, 2022 Dec 31, 2021 Crude oil 6,909 4,162 Petroleum products 6,291 5,081 Chemical products (1) 3,806 3,354 Gas/other 3,428 1,922 Total 20,434 14,519 (1) Chemical products includes basic chemicals (olefins and aromatics), polymers (such as polyolefins, adhesions, specialty elastomers, & butyl), intermediates (e.g. hydrocarbon fluids, plasticizers) and synthetics. Goodwill Impairments. Mainly as a result of declines in prices for crude oil, natural gas and petroleum products and a significant decline in its market capitalization at the end of the first quarter of 2020, the Corporation recognized before-tax goodwill impairment charges of $611 million. Fair value of the goodwill reporting units primarily reflected market-based estimates of historical EBITDA multiples at the end of the first quarter. Charges related to goodwill impairments in 2020 are included in “Depreciation and depletion” on the Consolidated Statement of Income. Restructuring. During 2020, ExxonMobil conducted an extensive global review of staffing levels and subsequently commenced targeted workforce reductions within a number of countries to improve efficiency and reduce costs. The programs were completed by the end of 2021 and included both voluntary and involuntary employee separations as well as reductions in contractors. In 2020 and 2021, the Corporation recorded before-tax charges of $450 million and $58 million respectively, consisting primarily of employee separation costs, associated with announced workforce reduction programs. These costs are captured in “Selling, general and administrative expenses” on the Consolidated Statement of Income and reported within Corporate and Financing. No charges related to the disclosed workforce reduction programs were recorded in 2022, and no further charges are expected. The reserves recorded in “Accounts payable and accrued liabilities” on the Consolidated Balance Sheet were $403 million at December 31, 2020, and were not material at year-end 2021 and 2022. The cash outflows associated with this liability balance occurred primarily in 2021, and the remainder will occur over the next few years, mainly in the form of monthly payments. Government Assistance. ASC 832 "Government Assistance" requires disclosure of certain types of government assistance not otherwise covered by authoritative accounting guidance. During 2022, certain governments outside the United States provided payments which, individually and in aggregate, were immaterial to the Corporation's financial results. Among these are programs where governments endeavor to stabilize or cap fuel and energy costs for local consumers. To compensate producers who sell at the government-mandated prices, these governments provide reimbursements to the producers. In 2022, these reimbursements totaled approximately $1.5 billion before tax, and were reflected as reductions to the line captioned " Crude oil and product purchases |
Other Comprehensive Income Info
Other Comprehensive Income Information | 12 Months Ended |
Dec. 31, 2022 | |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] | |
Other Comprehensive Income Information | Other Comprehensive Income Information ExxonMobil Share of Accumulated Other Comprehensive Income (millions of dollars) Cumulative Foreign Exchange Translation Adjustment Postretirement Benefits Reserves Adjustment Total Balance as of December 31, 2019 (12,446) (7,047) (19,493) Current period change excluding amounts reclassified from accumulated other comprehensive income 1,818 95 1,913 Amounts reclassified from accumulated other comprehensive income 14 861 875 Total change in accumulated other comprehensive income 1,832 956 2,788 Balance as of December 31, 2020 (10,614) (6,091) (16,705) Current period change excluding amounts reclassified from accumulated other comprehensive income (1) (883) 2,938 2,055 Amounts reclassified from accumulated other comprehensive income (2) 888 886 Total change in accumulated other comprehensive income (885) 3,826 2,941 Balance as of December 31, 2021 (11,499) (2,265) (13,764) Current period change excluding amounts reclassified from accumulated other comprehensive income (1) (3,092) 3,205 113 Amounts reclassified from accumulated other comprehensive income — 381 381 Total change in accumulated other comprehensive income (3,092) 3,586 494 Balance as of December 31, 2022 (14,591) 1,321 (13,270) (1) Cumulative Foreign Exchange Translation Adjustment includes net investment hedge gain/(loss) net of taxes of $230 million and $329 million in 2022 and 2021, respectively. Amounts Reclassified Out of Accumulated Other Comprehensive Income - Before-tax Income/(Expense) (millions of dollars) 2022 2021 2020 Foreign exchange translation gain/(loss) included in net income (Statement of Income line: Other income) — 2 (14) Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs (Statement of Income line: Non-service pension and postretirement benefit expense) (519) (1,229) (1,158) Income Tax (Expense)/Credit For Components of Other Comprehensive Income (millions of dollars) 2022 2021 2020 Foreign exchange translation adjustment 54 (114) 118 Postretirement benefits reserves adjustment (excluding amortization) (1,120) (983) 109 Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs (116) (304) (262) Total (1,182) (1,401) (35) |
Cash Flow Information
Cash Flow Information | 12 Months Ended |
Dec. 31, 2022 | |
Supplemental Cash Flow Information [Abstract] | |
Cash Flow Information | Cash Flow Information The Consolidated Statement of Cash Flows provides information about changes in cash and cash equivalents. Highly liquid investments with maturities of three months or less when acquired are classified as cash equivalents. For 2022, the “Net (gain)/loss on asset sales” on the Consolidated Statement of Cash Flows includes before-tax amounts from the sale of certain unproved assets in Romania and unconventional assets in Canada and the United States, as well as other smaller divestments. For 2021, the “Net (gain)/loss on asset sales” line includes before-tax amounts from the sale of non-operated upstream assets in the United Kingdom Central and Northern North Sea and the sale of ExxonMobil's global Santoprene business. For 2020, the “Depreciation and depletion” and “Deferred income tax charges/(credits)” on the Consolidated Statement of Cash Flows include impacts from asset impairments, primarily in Upstream. (millions of dollars) 2022 2021 2020 Income taxes paid 15,364 5,341 2,428 Cash interest paid Included in cash flows from operating activities 666 819 786 Capitalized, included in cash flows from investing activities 838 655 665 Total cash interest paid 1,504 1,474 1,451 |
Additional Working Capital Info
Additional Working Capital Information | 12 Months Ended |
Dec. 31, 2022 | |
Additional Working Capital Information [Abstract] | |
Additional Working Capital Information | Additional Working Capital Information (millions of dollars) Dec 31, 2022 Dec 31, 2021 Notes and accounts receivable Trade, less reserves of $168 million and $159 million 32,844 26,883 Other, less reserves of $402 million and $381 million 8,905 5,500 Total 41,749 32,383 Notes and loans payable Bank loans 379 276 Commercial paper 74 1,608 Long-term debt due within one year 181 2,392 Total 634 4,276 Accounts payable and accrued liabilities Trade payables 33,169 26,623 Payables to equity companies 14,585 8,885 Accrued taxes other than income taxes 3,969 3,896 Other 11,474 11,362 Total 63,197 50,766 Trade notes and accounts receivables include both receivables within the scope of ASC 606 and outside the scope of ASC 606. Receivables outside the scope of ASC 606 primarily relate to physically settled commodity contracts accounted for as derivatives. Credit quality and type of customer are generally similar between receivables within the scope of ASC 606 and those outside it. The Corporation has short-term committed lines of credit of $0.3 billion which were unused as of December 31, 2022. These lines are available for general corporate purposes. The weighted-average interest rate on short-term borrowings outstanding was 1.5 percent and 0.2 percent at December 31, 2022 and 2021, respectively. |
Equity Company Information
Equity Company Information | 12 Months Ended |
Dec. 31, 2022 | |
Equity Method Investment, Financial Statement, Reported Amounts [Abstract] | |
Equity Company Information | Equity Company Information The summarized financial information below includes amounts related to certain less-than-majority-owned companies and majority-owned subsidiaries where minority shareholders possess the right to participate in significant management decisions (see Note 1). These companies are primarily engaged in oil and gas exploration and production, natural gas marketing, transportation of crude oil, and petrochemical manufacturing in North America; natural gas exploration, production and distribution in Europe; liquefied natural gas (LNG) operations in Africa; and exploration, production, LNG operations, and the manufacture and sale of petroleum and petrochemical products in Asia and the Middle East. Also included are several refining and marketing ventures. The share of total equity company revenues from sales to ExxonMobil consolidated companies was 11 percent, 10 percent and 11 percent in the years 2022, 2021 and 2020, respectively. The Corporation’s ownership in these ventures is in the form of shares in corporate joint ventures as well as interests in partnerships. Differences between the company’s carrying value of an equity investment and its underlying equity in the net assets of the affiliate are assigned, to the extent practicable, to specific assets and liabilities based on the company’s analysis of the factors giving rise to the difference. The amortization of this difference, as appropriate, is included in “Income from equity affiliates” on the Consolidated Statement of Income. Impairments related to upstream equity investments of $0.6 billion, $0.2 billion and $0.6 billion in 2022, 2021, and 2020, respectively, are included in “Income from equity affiliates” or “Other income” on the Consolidated Statement of Income. Equity Company Financial Summary (millions of dollars) 2022 2021 2020 Total ExxonMobil Total ExxonMobil Share Total ExxonMobil Total revenues 183,812 57,528 116,972 34,995 69,954 21,282 Income before income taxes 61,550 19,279 35,142 9,278 12,743 2,830 Income taxes 23,149 7,603 11,010 2,763 4,333 870 Income from equity affiliates 38,401 11,676 24,132 6,515 8,410 1,960 Current assets 77,457 24,994 45,267 15,542 33,419 11,969 Long-term assets 153,186 42,921 150,699 41,614 150,358 41,457 Total assets 230,643 67,915 195,966 57,156 183,777 53,426 Current liabilities 53,640 15,555 28,862 8,297 18,827 5,245 Long-term liabilities 62,009 18,929 63,138 19,084 66,053 19,927 Net assets 114,994 33,431 103,966 29,775 98,897 28,254 A list of significant equity companies as of December 31, 2022, together with the Corporation’s percentage ownership interest, is detailed below: Percentage Ownership Interest Upstream Aera Energy LLC 48 Barzan Gas Company Limited 7 BEB Erdgas und Erdoel GmbH & Co. KG 50 Caspian Pipeline Consortium 8 Coral FLNG S.A. 25 Cross Timbers Energy LLC 50 GasTerra B.V. 25 Golden Pass LNG Terminal LLC 30 Golden Pass Pipeline LLC 30 Marine Well Containment Company LLC 10 Mozambique Rovuma Venture S.p.A. 36 Nederlandse Aardolie Maatschappij B.V. 50 Papua New Guinea Liquefied Natural Gas Global Company LDC 33 Permian Highway Pipeline LLC 20 Qatar Liquefied Gas Company Limited (2) 24 Qatar Liquefied Gas Company Limited (7) 25 Ras Laffan Liquefied Natural Gas Company Limited 25 Ras Laffan Liquefied Natural Gas Company Limited (II) 31 Ras Laffan Liquefied Natural Gas Company Limited (3) 30 South Hook LNG Terminal Company Limited 24 Tengizchevroil LLP 25 Terminale GNL Adriatico S.r.l. 71 Energy Products, Chemical Products, and/or Specialty Products Al-Jubail Petrochemical Company 50 Alberta Products Pipe Line Ltd. 45 Fujian Refining & Petrochemical Co. Ltd. 25 Gulf Coast Growth Ventures LLC 50 Infineum USA L.P. 50 Permian Express Partners LLC 12 Saudi Aramco Mobil Refinery Company Ltd. 50 Saudi Yanbu Petrochemical Co. 50 |
Investments, Advances And Long-
Investments, Advances And Long-Term Receivables | 12 Months Ended |
Dec. 31, 2022 | |
Long-Term Investments and Receivables, Net [Abstract] | |
Investments, Advances And Long-Term Receivables | Investments, Advances and Long-Term Receivables (millions of dollars) Dec 31, 2022 Dec 31, 2021 Equity method company investments and advances Investments 34,522 31,225 Advances, net of allowances of $28 million and $34 million 8,049 8,326 Total equity method company investments and advances 42,571 39,551 Equity securities carried at fair value and other investments at adjusted cost basis 278 138 Long-term receivables and miscellaneous, net of reserves of $1,623 million and $5,974 million 6,944 5,506 Total 49,793 45,195 |
Property, Plant And Equipment A
Property, Plant And Equipment And Asset Retirement Obligations | 12 Months Ended |
Dec. 31, 2022 | |
Property, Plant And Equipment And Asset Retirement Obligations [Abstract] | |
Property, Plant And Equipment And Asset Retirement Obligations | Property, Plant and Equipment and Asset Retirement Obligations Property, Plant and Equipment (millions of dollars) December 31, 2022 December 31, 2021 Cost Net Cost Net Upstream 350,748 144,146 375,813 156,951 Energy Products 58,393 26,765 58,504 27,354 Chemical Products 36,322 19,064 33,514 17,409 Specialty Products 8,895 4,303 9,217 4,447 Other 18,335 10,414 18,014 10,391 Total 472,693 204,692 495,062 216,552 In 2022, the Corporation identified situations where events or changes in circumstances indicated that the carrying value of certain long-lived assets may not be recoverable and conducted impairment assessments. Before-tax impairment charges of $4.5 billion were recognized during the first quarter as a result of the Corporation's plans to discontinue operations on the Sakhalin-1 project and develop steps to exit the venture in response to Russia's military action in Ukraine (Refer to Note 2 for additional information.) Other before-tax impairment charges recognized during 2022 included $1.5 billion in Upstream and $0.4 billion in Energy Products. In 2021, the Corporation recognized before-tax impairment charges of $1.2 billion largely as a result of changes to Upstream development plans. In 2020, as part of the Corporation's annual review and approval of its business and strategic plan, a decision was made to no longer develop a significant portion of the dry gas portfolio in the United States, Canada and Argentina. The impairment of these assets resulted in before-tax charges of $24.4 billion in Upstream. Other before-tax impairment charges during 2020 included $0.9 billion in Upstream and $0.6 billion in Energy Products. Impairment charges are primarily recognized in the lines “ Depreciation and depletion” and “Exploration expenses, including dry holes Asset Retirement Obligations The Corporation incurs retirement obligations for certain assets. The fair values of these obligations are recorded as liabilities on a discounted basis, which is typically at the time the assets are installed. In the estimation of fair value, the Corporation uses assumptions and judgments regarding such factors as the existence of a legal obligation for an asset retirement obligation, technical assessments of the assets, estimated amounts and timing of settlements, discount rates, and inflation rates. Asset retirement obligations incurred in the current period were Level 3 fair value measurements. The costs associated with these liabilities are capitalized as part of the related assets and depreciated as the reserves are produced. Over time, the liabilities are accreted for the change in their present value. Asset retirement obligations for facilities in the Product Solutions business generally become firm at the time the facilities are permanently shut down and dismantled. These obligations may include the costs of asset disposal and additional soil remediation. However, these sites generally have indeterminate lives based on plans for continued operations and as such, the fair value of the conditional legal obligations cannot be measured, since it is impossible to estimate the future settlement dates of such obligations. The following table summarizes the activity in the liability for asset retirement obligations: (millions of dollars) 2022 2021 2020 Balance at January 1 10,630 11,247 11,280 Accretion expense and other provisions 744 548 584 Reduction due to property sales (328) (1,002) (77) Payments made (518) (444) (669) Liabilities incurred 119 42 26 Foreign currency translation (330) (147) 239 Revisions 174 386 (136) Balance at December 31 10,491 10,630 11,247 The long-term Asset Retirement Obligations were $9,650 million and $9,985 million at December 31, 2022 and 2021, respectively, and are included in “Other long-term obligations” on the Consolidated Balance Sheet. Estimated cash payments in 2023 and 2024 are $841 million and $806 million, respectively. |
Accounting For Suspended Explor
Accounting For Suspended Exploratory Well Costs | 12 Months Ended |
Dec. 31, 2022 | |
Capitalized Exploratory Well Costs [Abstract] | |
Accounting For Suspended Exploratory Well Costs | Accounting for Suspended Exploratory Well Costs The Corporation continues capitalization of exploratory well costs when the well has found a sufficient quantity of reserves to justify its completion as a producing well and the Corporation is making sufficient progress assessing the reserves and the economic and operating viability of the project. The term “project” as used in this report can refer to a variety of different activities and does not necessarily have the same meaning as in any government payment transparency reports. The following two tables provide details of the changes in the balance of suspended exploratory well costs, including an aging summary of those costs. Change in capitalized suspended exploratory well costs (millions of dollars) 2022 2021 2020 Balance beginning at January 1 4,120 4,382 4,613 Additions pending the determination of proved reserves 378 420 208 Charged to expense (259) (325) (318) Reclassifications to wells, facilities and equipment based on the determination of proved reserves (142) (328) (174) Divestments/Other (585) (29) 53 Ending balance at December 31 3,512 4,120 4,382 Ending balance attributed to equity companies included above 306 306 306 Period-end capitalized suspended exploratory well costs (millions of dollars) 2022 2021 2020 Capitalized for a period of one year or less 378 420 208 Capitalized for a period of between one and five years 969 1,642 1,828 Capitalized for a period of between five and ten years 1,410 1,657 1,932 Capitalized for a period of greater than ten years 755 401 414 Capitalized for a period greater than one year - subtotal 3,134 3,700 4,174 Total 3,512 4,120 4,382 Exploration activity often involves drilling multiple wells, over a number of years, to fully evaluate a project. The table below provides a breakdown of the number of projects with only exploratory well costs capitalized for a period of one year or less and those that have had exploratory well costs capitalized for a period greater than one year. 2022 2021 2020 Number of projects that only have exploratory well costs capitalized for a period of one year or less 10 4 3 Number of projects that have exploratory well costs capitalized for a period greater than one year 26 30 34 Total 36 34 37 Of the 26 projects that have exploratory well costs capitalized for a period greater than one year as of December 31, 2022, 11 projects have drilling in the preceding year or exploratory activity planned in the next two years, while the remaining 15 projects are those with completed exploratory activity progressing toward development. The table below provides additional detail for those 15 projects, which total $2,324 million. Country/Project December 31, 2022 Years Wells Drilled / Acquired Comment (millions of dollars) Angola Block 32 Central NE Hub 66 2007 - 2021 Evaluating development plan for tieback to existing infrastructure. Argentina La Invernada 72 2014 Evaluating development plan to tie into planned infrastructure. Australia Gorgon Area Ullage 305 1994 - 2015 Evaluating development plans to tie into existing LNG facilities. Canada Hibernia North 24 2019 Awaiting capacity in existing/planned infrastructure. Guyana Uaru 117 2017 - 2021 Continuing discussions with the government regarding development plan. Kazakhstan Kairan 53 2004 - 2007 Evaluating commercialization and field development alternatives, while continuing discussions with the government regarding the development plan. Mozambique Rovuma LNG Future Non-Straddling Train 120 2017 Evaluating/progressing development plan to tie into planned LNG facilities. Rovuma LNG Phase 1 150 2017 Progressing development plan to tie into planned LNG facilities. Rovuma LNG Unitized Trains 35 2017 Evaluating/progressing development plan to tie into planned LNG facilities. Nigeria Bonga North 34 2004 - 2009 Evaluating/progressing development plan for tieback to existing/planned infrastructure. Papua New Guinea Muruk 165 2017 - 2019 Evaluating/progressing development plans. Papua LNG 246 2017 Evaluating/progressing development plans. P'nyang 116 2012 - 2018 Evaluating/progressing development plans. Tanzania Block 2 525 2012 - 2015 Evaluating development alternatives, while continuing discussions with the government regarding development plan. Vietnam Blue Whale 296 2011 - 2015 Evaluating/progressing development plans. Total 2022 (15 projects) 2,324 |
Leases
Leases | 12 Months Ended |
Dec. 31, 2022 | |
Lessee Disclosure [Abstract] | |
Leases | Leases The Corporation and its consolidated affiliates generally purchase the property, plant and equipment used in operations, but there are situations where assets are leased, primarily for drilling equipment, tankers, office buildings, railcars, and other moveable equipment. Right of use assets and lease liabilities are established on the balance sheet for leases with an expected term greater than one year by discounting the amounts fixed in the lease agreement for the duration of the lease which is reasonably certain, considering the probability of exercising any early termination and extension options. The portion of the fixed payment related to service costs for drilling equipment, tankers and finance leases is excluded from the calculation of right of use assets and lease liabilities. Generally, assets are leased only for a portion of their useful lives, and are accounted for as operating leases. In limited situations assets are leased for nearly all of their useful lives, and are accounted for as finance leases. Variable payments under these lease agreements are not significant. Residual value guarantees, restrictions, or covenants related to leases, and transactions with related parties are also not significant. In general, leases are capitalized using the incremental borrowing rate of the leasing affiliate. The Corporation’s activities as a lessor are not significant. Lease Cost (millions of dollars) Operating Leases Finance Leases 2022 2021 2020 2022 2021 2020 Operating lease cost 1,776 1,542 1,553 Short-term and other (net of sublease rental income) 1,389 1,351 1,613 Amortization of right of use assets 243 133 143 Interest on lease liabilities 210 158 169 Total (1) 3,165 2,893 3,166 453 291 312 (1) Includes $908 million, $681 million and $827 million for drilling rigs and related equipment operating leases in 2022, 2021, and 2020, respectively. Balance Sheet (millions of dollars) Operating Leases Finance Leases December 31, 2022 December 31, 2021 December 31, 2022 December 31, 2021 Right of use assets Included in Other assets, including intangibles - net 6,451 6,082 Included in Property, plant and equipment - net 2,090 2,412 Total right of use assets 6,451 6,082 2,090 2,412 Lease liability due within one year Included in Accounts payable and accrued liabilities 1,527 1,367 5 4 Included in Notes and loans payable 69 111 Long-term lease liability Included in Other long-term obligations 4,067 3,823 Included in Long-term debt 1,389 1,761 Included in Long-term obligations to equity companies 126 131 Total lease liability (2) 5,594 5,190 1,589 2,007 Weighted-average remaining lease term (years) 9 10 22 20 Weighted-average discount rate (percent) 2.4 % 2.3 % 8.0 % 7.7 % (2) Includes $1,646 million and $935 million for drilling rigs and related equipment operating leases in 2022 and 2021, respectively. Maturity Analysis of Lease Liabilities (millions of dollars) Operating Leases Finance Leases December 31, 2022 2023 1,623 195 2024 1,231 193 2025 914 187 2026 401 184 2027 334 176 2028 and beyond 1,861 1,960 Total lease payments 6,364 2,895 Discount to present value (770) (1,306) Total lease liability 5,594 1,589 In addition to the lease liabilities in the table immediately above, at December 31, 2022, undiscounted commitments for leases not yet commenced totaled $4,246 million for operating leases and $3,054 million for finance leases. Estimated cash payments for operating and finance leases not yet commenced are $268 million and $260 million for 2023 and 2024 respectively. The finance leases relate to LNG transportation vessels, a wastewater treatment facility, a CO2 transportation and service agreement, and a long-term hydrogen purchase agreement. The underlying assets for these finance leases were primarily designed by, and are being constructed by, the lessors. Other Information (millions of dollars) Operating Leases Finance Leases 2022 2021 2020 2022 2021 2020 Cash paid for amounts included in the measurement of lease liabilities Cash flows from operating activities 1,119 1,135 1,159 20 20 31 Cash flows from investing activities 500 291 283 Cash flows from financing activities 149 110 94 Noncash right of use assets recorded for lease liabilities In exchange for lease liabilities during the period 1,997 1,405 735 73 200 108 |
Leases | Leases The Corporation and its consolidated affiliates generally purchase the property, plant and equipment used in operations, but there are situations where assets are leased, primarily for drilling equipment, tankers, office buildings, railcars, and other moveable equipment. Right of use assets and lease liabilities are established on the balance sheet for leases with an expected term greater than one year by discounting the amounts fixed in the lease agreement for the duration of the lease which is reasonably certain, considering the probability of exercising any early termination and extension options. The portion of the fixed payment related to service costs for drilling equipment, tankers and finance leases is excluded from the calculation of right of use assets and lease liabilities. Generally, assets are leased only for a portion of their useful lives, and are accounted for as operating leases. In limited situations assets are leased for nearly all of their useful lives, and are accounted for as finance leases. Variable payments under these lease agreements are not significant. Residual value guarantees, restrictions, or covenants related to leases, and transactions with related parties are also not significant. In general, leases are capitalized using the incremental borrowing rate of the leasing affiliate. The Corporation’s activities as a lessor are not significant. Lease Cost (millions of dollars) Operating Leases Finance Leases 2022 2021 2020 2022 2021 2020 Operating lease cost 1,776 1,542 1,553 Short-term and other (net of sublease rental income) 1,389 1,351 1,613 Amortization of right of use assets 243 133 143 Interest on lease liabilities 210 158 169 Total (1) 3,165 2,893 3,166 453 291 312 (1) Includes $908 million, $681 million and $827 million for drilling rigs and related equipment operating leases in 2022, 2021, and 2020, respectively. Balance Sheet (millions of dollars) Operating Leases Finance Leases December 31, 2022 December 31, 2021 December 31, 2022 December 31, 2021 Right of use assets Included in Other assets, including intangibles - net 6,451 6,082 Included in Property, plant and equipment - net 2,090 2,412 Total right of use assets 6,451 6,082 2,090 2,412 Lease liability due within one year Included in Accounts payable and accrued liabilities 1,527 1,367 5 4 Included in Notes and loans payable 69 111 Long-term lease liability Included in Other long-term obligations 4,067 3,823 Included in Long-term debt 1,389 1,761 Included in Long-term obligations to equity companies 126 131 Total lease liability (2) 5,594 5,190 1,589 2,007 Weighted-average remaining lease term (years) 9 10 22 20 Weighted-average discount rate (percent) 2.4 % 2.3 % 8.0 % 7.7 % (2) Includes $1,646 million and $935 million for drilling rigs and related equipment operating leases in 2022 and 2021, respectively. Maturity Analysis of Lease Liabilities (millions of dollars) Operating Leases Finance Leases December 31, 2022 2023 1,623 195 2024 1,231 193 2025 914 187 2026 401 184 2027 334 176 2028 and beyond 1,861 1,960 Total lease payments 6,364 2,895 Discount to present value (770) (1,306) Total lease liability 5,594 1,589 In addition to the lease liabilities in the table immediately above, at December 31, 2022, undiscounted commitments for leases not yet commenced totaled $4,246 million for operating leases and $3,054 million for finance leases. Estimated cash payments for operating and finance leases not yet commenced are $268 million and $260 million for 2023 and 2024 respectively. The finance leases relate to LNG transportation vessels, a wastewater treatment facility, a CO2 transportation and service agreement, and a long-term hydrogen purchase agreement. The underlying assets for these finance leases were primarily designed by, and are being constructed by, the lessors. Other Information (millions of dollars) Operating Leases Finance Leases 2022 2021 2020 2022 2021 2020 Cash paid for amounts included in the measurement of lease liabilities Cash flows from operating activities 1,119 1,135 1,159 20 20 31 Cash flows from investing activities 500 291 283 Cash flows from financing activities 149 110 94 Noncash right of use assets recorded for lease liabilities In exchange for lease liabilities during the period 1,997 1,405 735 73 200 108 |
Earnings Per Share
Earnings Per Share | 12 Months Ended |
Dec. 31, 2022 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | Earnings Per Share Earnings per common share 2022 2021 2020 Net income (loss) attributable to ExxonMobil (millions of dollars) 55,740 23,040 (22,440) Weighted-average number of common shares outstanding (millions of shares) 4,205 4,275 4,271 Earnings (loss) per common share (dollars) (1) 13.26 5.39 (5.25) Dividends paid per common share (dollars) 3.55 3.49 3.48 (1) The earnings (loss) per common share and earnings (loss) per common share - assuming dilution are the same in each period shown. |
Financial Instruments And Deriv
Financial Instruments And Derivatives | 12 Months Ended |
Dec. 31, 2022 | |
Financial Instruments And Derivatives [Abstract] | |
Financial Instruments And Derivatives | Financial Instruments and Derivatives The estimated fair value of financial instruments and derivatives at December 31, 2022 and December 31, 2021, and the related hierarchy level for the fair value measurement was as follows: December 31, 2022 Fair Value (millions of dollars) Level 1 Level 2 Level 3 Total Gross Assets & Liabilities Effect of Counterparty Netting Effect of Collateral Netting Difference in Carrying Value and Fair Value Net Carrying Value Assets Derivative assets (1) 4,309 3,455 — 7,764 (5,778) (969) — 1,017 Advances to/receivables from equity companies (2)(6) — 2,406 4,958 7,364 — — 685 8,049 Other long-term financial assets (3) 1,208 — 1,413 2,621 — — 346 2,967 Liabilities Derivative liabilities (4) 3,417 3,264 — 6,681 (5,778) (79) — 824 Long-term debt (5) 33,112 1,880 6 34,998 — — 4,173 39,171 Long-term obligations to equity companies (6) — — 2,467 2,467 — — (129) 2,338 Other long-term financial liabilities (7) — — 679 679 — — 38 717 December 31, 2021 Fair Value (millions of dollars) Level 1 Level 2 Level 3 Total Gross Assets & Liabilities Effect of Counterparty Netting Effect of Collateral Netting Difference in Carrying Value and Fair Value Net Carrying Value Assets Derivative assets (1) 1,422 1,523 — 2,945 (1,930) (28) — 987 Advances to/receivables from equity companies (2)(6) — 3,076 5,373 8,449 — — (123) 8,326 Other long-term financial assets (3) 1,134 — 1,058 2,192 — — 181 2,373 Liabilities Derivative liabilities (4) 1,701 2,594 — 4,295 (1,930) (306) — 2,059 Long-term debt (5) 44,454 88 3 44,545 — — (2,878) 41,667 Long-term obligations to equity companies (6) — — 3,084 3,084 — — (227) 2,857 Other long-term financial liabilities (7) — — 902 902 — — 58 960 (1) Included in the Balance Sheet lines: Notes and accounts receivable - net and Other assets, including intangibles - net. (2) Included in the Balance Sheet line: Investments, advances and long-term receivables. (3) Included in the Balance Sheet lines: Investments, advances and long-term receivables and Other assets, including intangibles - net. (4) Included in the Balance Sheet lines: Accounts payable and accrued liabilities and Other long-term obligations. (5) Excluding finance lease obligations. (6) Advances to/receivables from equity companies and long-term obligations to equity companies are mainly designated as hierarchy level 3 inputs. The fair value is calculated by discounting the remaining obligations by a rate consistent with the credit quality and industry of the company. (7) Included in the Balance Sheet line: Other long-term obligations. Includes contingent consideration related to a prior year acquisition where fair value is based on expected drilling activities and discount rates. . At December 31, 2022 and December 31, 2021, respectively, the Corporation had $1,494 million and $641 million of collateral under master netting arrangements not offset against the derivatives on the Consolidated Balance Sheet, primarily related to initial margin requirements. Derivative Instruments. The Corporation’s size, strong capital structure, geographic diversity, and the complementary nature of its business segments reduce the Corporation’s enterprise-wide risk from changes in commodity prices, currency rates, and interest rates. In addition, the Corporation uses commodity-based contracts, including derivatives, to manage commodity price risk and to generate returns from trading. Commodity contracts held for trading purposes are presented in the Consolidated Statement of Income on a net basis in the line “Sales and other operating revenue”. 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 December 31, 2022 and 2021, or results of operations for 2022, 2021, and 2020. Credit risk associated with the Corporation’s derivative position is mitigated by several factors, including the use of derivative clearing exchanges and the quality of and financial limits placed on derivative counterparties. The Corporation maintains a system of controls that includes the authorization, reporting, and monitoring of derivative activity. The net notional long/(short) position of derivative instruments at December 31, 2022 and December 31, 2021, was as follows: (millions) December 31, December 31, 2022 2021 Crude oil (barrels) 4 82 Petroleum products (barrels) (52) (48) Natural gas (MMBTUs) (64) (115) Realized and unrealized gains/(losses) on derivative instruments that were recognized in the Consolidated Statement of Income are included in the following lines on a before-tax basis: (millions of dollars) 2022 2021 2020 Sales and other operating revenue (1,763) (3,818) 404 Crude oil and product purchases 314 48 (407) Total (1,449) (3,770) (3) |
Long-Term Debt
Long-Term Debt | 12 Months Ended |
Dec. 31, 2022 | |
Long-Term Debt, Unclassified [Abstract] | |
Long-Term Debt | Long-Term Debt At December 31, 2022, long-term debt consisted of $34,507 million due in U.S. dollars and $6,052 million representing the U.S. dollar equivalent at year-end exchange rates of amounts payable in foreign currencies. These amounts exclude that portion of long-term debt, totaling $181 million, which matures within one year and is included in current liabilities. On December 22, 2022, the Company irrevocably deposited sufficient cash with the Trustee to fund (i) the redemption of its 2.726% notes due 2023 and (ii) the redemption of its 1.571% notes due 2023. After the deposit of the funds, the Corporation was released from its obligation and the debt was extinguished. The amounts of long-term debt, excluding finance lease obligations, maturing in each of the four years after December 31, 2023, in millions of dollars, are: 2024 – $4,665; 2025 – $4,667; 2026 – $3,644; and 2027 – $1,090. At December 31, 2022, the Corporation's unused long-term lines of credit were $1.2 billion. The Corporation may use non-derivative financial instruments, such as its foreign currency-denominated debt, as hedges of its net investments in certain foreign subsidiaries. Under this method, the change in the carrying value of the financial instruments due to foreign exchange fluctuations is reported in accumulated other comprehensive income. As of December 31, 2022, the Corporation has designated its $4.8 billion of Euro-denominated long-term debt and related accrued interest as a net investment hedge of its European business. The net investment hedge is deemed to be perfectly effective. Summarized long-term debt at year-end 2022 and 2021 are shown in the table below: (millions of dollars, except where stated otherwise) Average Rate (1) Dec 31, 2022 Dec 31, 2021 Exxon Mobil Corporation (2) 1.571% notes due 2023 — 2,750 2.726% notes due 2023 — 1,250 3.176% notes due 2024 1,000 1,000 2.019% notes due 2024 1,000 1,000 2.709% notes due 2025 1,750 1,750 2.992% notes due 2025 2,781 2,794 3.043% notes due 2026 2,500 2,500 2.275% notes due 2026 1,000 1,000 3.294% notes due 2027 1,000 1,000 2.440% notes due 2029 1,250 1,250 3.482% notes due 2030 2,000 2,000 2.610% notes due 2030 2,000 2,000 2.995% notes due 2039 750 750 4.227% notes due 2040 2,084 2,087 3.567% notes due 2045 1,000 1,000 4.114% notes due 2046 2,500 2,500 3.095% notes due 2049 1,500 1,500 4.327% notes due 2050 2,750 2,750 3.452% notes due 2051 2,750 2,750 Exxon Mobil Corporation - Euro-denominated 0.142% notes due 2024 1,600 1,698 0.524% notes due 2028 1,066 1,133 0.835% notes due 2032 1,066 1,133 1.408% notes due 2039 1,066 1,133 XTO Energy Inc. (3) 6.100% senior notes due 2036 189 191 6.750% senior notes due 2037 289 291 6.375% senior notes due 2038 224 226 Industrial revenue bonds due 2022-2051 1.000% 2,245 2,244 Finance leases & other obligations 5.856% 3,299 1,862 Debt issuance costs (100) (114) Total long-term debt 40,559 43,428 (1) Average effective or imputed interest rates at December 31, 2022. (2) Includes premiums of $115 million in 2022 and $131 million in 2021. (3) Includes premiums of $76 million in 2022 and $82 million in 2021. |
Incentive Program
Incentive Program | 12 Months Ended |
Dec. 31, 2022 | |
Share-Based Payment Arrangement [Abstract] | |
Incentive Program | Incentive Program The 2003 Incentive Program provides for grants of stock options, stock appreciation rights (SARs), restricted stock, and other forms of awards. Awards may be granted to eligible employees of the Corporation and those affiliates at least 50 percent owned. Outstanding awards are subject to certain forfeiture provisions contained in the program or award instrument. Options and SARs may be granted at prices not less than 100 percent of market value on the date of grant and have a maximum life of 10 years. The maximum number of shares of stock that may be issued under the 2003 Incentive Program is 220 million. Awards that are forfeited, expire, or are settled in cash, do not count against this maximum limit. The 2003 Incentive Program does not have a specified term. New awards may be made until the available shares are depleted, unless the Board terminates the plan early. At the end of 2022, remaining shares available for award under the 2003 Incentive Program were 60 million. Restricted Stock and Restricted Stock Units. Awards totaling 9,392 thousand, 8,133 thousand, and 8,681 thousand of restricted (nonvested) common stock units were granted in 2022, 2021, and 2020, respectively. Compensation expense for these awards is based on the price of the stock at the date of grant and is recognized in income over the requisite service period. Shares for these awards are issued to employees from treasury stock. The units that are settled in cash are recorded as liabilities, and their changes in fair value are recognized over the vesting period. During the applicable restricted periods, the shares and units may not be sold or transferred and are subject to forfeiture. The majority of the awards have graded vesting periods, with 50 percent of the shares and units in each award vesting after three years, and the remaining 50 percent vesting after seven years. As a result of an expansion of the program in 2022, some new participants will be eligible for awards that vest in full after three years. Awards granted to a small number of senior executives have vesting periods of five years for 50 percent of the award and of 10 years for the remaining 50 percent of the award, except that for awards granted prior to 2020 the vesting of the 10-year portion of the award is delayed until retirement if later than 10 years. The following tables summarize information about restricted stock and restricted stock units for the year ended December 31, 2022. Restricted stock and units outstanding 2022 Shares Weighted-Average (thousands) (dollars) Issued and outstanding at January 1 38,922 70.38 Awards issued in 2022 8,222 63.49 Vested (9,235) 76.31 Forfeited (336) 63.67 Issued and outstanding at December 31 37,573 67.47 Value of restricted stock units 2022 2021 2020 Grant price (dollars) 110.46 62.76 41.15 Value at date of grant: (millions of dollars) Units settled in stock 931 461 325 Units settled in cash 106 49 32 Total value 1,037 510 357 As of December 31, 2022, there was $1,765 million of unrecognized compensation cost related to the nonvested restricted awards. This cost is expected to be recognized over a weighted-average period of 4.8 years. The compensation cost charged against income for the restricted stock and restricted stock units was $648 million, $612 million, and $672 million for 2022, 2021, and 2020, respectively. The income tax benefit recognized in income related to this compensation expense was $52 million, $49 million, and $51 million for the same periods, respectively. The fair value of shares and units vested in 2022, 2021, and 2020 was $1,027 million, $562 million, and $367 million, respectively. Cash payments of $89 million, $48 million, and $34 million for vested restricted stock units settled in cash were made in 2022, 2021, and 2020, respectively. |
Litigation And Other Contingenc
Litigation And Other Contingencies | 12 Months Ended |
Dec. 31, 2022 | |
Loss Contingency [Abstract] | |
Litigation And Other Contingencies | Litigation and Other Contingencies Litigation. A variety of claims have been made against ExxonMobil and certain of its consolidated subsidiaries in a number of pending lawsuits. Management has regular litigation reviews, including updates from corporate and outside counsel, to assess the need for accounting recognition or disclosure of these contingencies. The Corporation accrues an undiscounted liability for those contingencies where the incurrence of a loss is probable and the amount can be reasonably estimated. If a range of amounts can be reasonably estimated and no amount within the range is a better estimate than any other amount, then the minimum of the range is accrued. The Corporation does not record liabilities when the likelihood that the liability has been incurred is probable but the amount cannot be reasonably estimated or when the liability is believed to be only reasonably possible or remote. For contingencies where an unfavorable outcome is reasonably possible and which are significant, the Corporation discloses the nature of the contingency and, where feasible, an estimate of the possible loss. For purposes of our contingency disclosures, “significant” includes material matters, as well as other matters, which management believes should be disclosed. ExxonMobil will continue to defend itself vigorously in these matters. Based on a consideration of all relevant facts and circumstances, the Corporation does not believe the ultimate outcome of any currently pending lawsuit against ExxonMobil will have a material adverse effect upon the Corporation’s operations, financial condition, or financial statements taken as a whole. Other Contingencies. The Corporation and certain of its consolidated subsidiaries were contingently liable at December 31, 2022, 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. December 31, 2022 (millions of dollars) Equity Company Obligations (1) Other Third-Party Obligations Total Guarantees Debt-related 1,206 152 1,358 Other 728 5,374 6,102 Total 1,934 5,526 7,460 (1) ExxonMobil share. Additionally, the Corporation and its affiliates have numerous long-term sales and purchase commitments in their various business activities, all of which are expected to be fulfilled with no adverse consequences material to the Corporation’s operations or financial condition. |
Pension And Other Postretiremen
Pension And Other Postretirement Benefits | 12 Months Ended |
Dec. 31, 2022 | |
Retirement Benefits [Abstract] | |
Pension And Other Postretirement Benefits | Pension and Other Postretirement Benefits The benefit obligations and plan assets associated with the Corporation’s principal benefit plans are measured on December 31. Pension Benefits Other Postretirement Benefits (millions of dollars, except where stated otherwise) U.S. Non-U.S. 2022 2021 2022 2021 2022 2021 Weighted-average assumptions used to determine benefit obligations at December 31 Discount rate (percent) 5.60 3.00 4.90 2.20 5.60 3.10 Long-term rate of compensation increase (percent) 4.50 4.50 5.20 4.20 4.50 4.50 Change in benefit obligation Benefit obligation at January 1 18,511 21,662 29,492 33,626 7,265 8,135 Service cost 712 919 570 774 138 188 Interest cost 518 558 614 526 216 221 Actuarial loss/(gain) (1) (4,432) (747) (7,742) (2,803) (1,990) (881) Benefits paid (2)(3) (2,959) (3,810) (1,415) (1,550) (492) (517) Foreign exchange rate changes — — (2,258) (1,162) (47) 3 Amendments, divestments and other — (71) 81 81 121 116 Benefit obligation at December 31 12,350 18,511 19,342 29,492 5,211 7,265 Accumulated benefit obligation at December 31 10,367 15,781 18,047 27,373 — — (1) Actuarial loss/(gain) primarily reflects higher discount rates. (2) Benefit payments for funded and unfunded plans. (3) For 2022 and 2021, other postretirement benefits paid are net of $24 million and $9 million of Medicare subsidy receipts, respectively. For selection of the discount rate for U.S. plans, several sources of information are considered, including interest rate market indicators and the effective discount rate determined by use of a yield curve based on high-quality, noncallable bonds applied to the estimated cash outflows for benefit payments. For major non-U.S. plans, the discount rate is determined by using a spot yield curve of high-quality, local-currency-denominated bonds at an average maturity approximating that of the liabilities. The measurement of the accumulated postretirement benefit obligation assumes a health care cost trend rate of 4.0 percent in 2024 and subsequent years. Pension Benefits Other Postretirement Benefits (millions of dollars) U.S. Non-U.S. 2022 2021 2022 2021 2022 2021 Change in plan assets Fair value at January 1 13,266 15,300 24,880 26,216 440 446 Actual return on plan assets (3,265) 479 (5,287) 571 (66) 20 Foreign exchange rate changes — — (2,012) (605) — — Company contribution 3,596 794 655 293 27 28 Benefits paid (1) (2,608) (3,307) (1,070) (1,167) (53) (54) Other — — (409) (428) — — Fair value at December 31 10,989 13,266 16,757 24,880 348 440 (1) Benefit payments for funded plans. The funding levels of all qualified pension plans are in compliance with standards set by applicable law or regulation. As shown in the table below, certain smaller U.S. pension plans and a number of non-U.S. pension plans are not funded because local applicable tax rules and regulatory practices do not encourage funding of these plans. All defined benefit pension obligations, regardless of the funding status of the underlying plans, are fully supported by the financial strength of the Corporation or the respective sponsoring affiliate. Pension Benefits (millions of dollars) U.S. Non-U.S. 2022 2021 2022 2021 Assets in excess of/(less than) benefit obligation Balance at December 31 Funded plans (23) (3,570) 1,019 554 Unfunded plans (1,338) (1,675) (3,604) (5,166) Total (1,361) (5,245) (2,585) (4,612) The authoritative guidance for defined benefit pension and other postretirement plans requires an employer to recognize the overfunded or underfunded status of a defined benefit postretirement plan as an asset or liability in its statement of financial position and to recognize changes in that funded status in the year in which the changes occur through other comprehensive income. Pension Benefits Other Postretirement Benefits (millions of dollars) U.S. Non-U.S. 2022 2021 2022 2021 2022 2021 Assets in excess of/(less than) benefit obligation Balance at December 31 (1) (1,361) (5,245) (2,585) (4,612) (4,863) (6,825) Amounts recorded in the consolidated balance sheet consist of: Other assets — — 1,962 2,544 — — Current liabilities (168) (206) (254) (267) (304) (323) Postretirement benefits reserves (1,193) (5,039) (4,293) (6,889) (4,559) (6,502) Total recorded (1,361) (5,245) (2,585) (4,612) (4,863) (6,825) Amounts recorded in accumulated other comprehensive income consist of: Net actuarial loss/(gain) 897 1,865 846 2,841 (1,726) 197 Prior service cost (295) (324) 278 262 (190) (232) Total recorded in accumulated other comprehensive income 602 1,541 1,124 3,103 (1,916) (35) (1) Fair value of assets less benefit obligation shown on the preceding page. The long-term expected rate of return on funded assets shown below is established for each benefit plan by developing a forward-looking, long-term return assumption for each asset class, taking into account factors such as the expected real return for the specific asset class and inflation. A single, long-term rate of return is then calculated as the weighted average of the target asset allocation percentages and the long-term return assumption for each asset class. Pension Benefits Other Postretirement (millions of dollars, except where stated otherwise) U.S. Non-U.S. 2022 2021 2020 2022 2021 2020 2022 2021 2020 Weighted-average assumptions used to determine net periodic benefit cost for years ended December 31 Discount rate (percent) 3.00 2.80 3.50 2.20 1.60 2.30 3.10 2.80 3.50 Long-term rate of return on funded assets (percent) 4.60 5.30 5.30 3.50 4.10 4.10 3.80 4.60 4.60 Long-term rate of compensation increase (percent) 4.50 5.50 5.75 4.20 4.20 4.80 4.50 5.50 5.75 Components of net periodic benefit cost Service cost 712 919 965 570 774 707 138 188 181 Interest cost 518 558 708 614 526 657 216 221 277 Expected return on plan assets (560) (722) (703) (815) (1,031) (897) (14) (19) (18) Amortization of actuarial loss/(gain) 156 244 310 180 420 416 6 76 95 Amortization of prior service cost (29) (23) 5 43 57 68 (42) (42) (42) Net pension enhancement and curtailment/settlement cost 205 489 280 4 32 49 — — — Net periodic benefit cost 1,002 1,465 1,565 596 778 1,000 304 424 493 Changes in amounts recorded in accumulated other comprehensive income: Net actuarial loss/(gain) (607) (504) (279) (1,641) (2,361) 446 (1,910) (891) (92) Amortization of actuarial (loss)/gain (361) (733) (590) (183) (430) (442) (6) (76) (95) Prior service cost/(credit) — (72) (271) 84 92 (82) — — — Amortization of prior service (cost)/credit 29 23 (5) (40) (55) (68) 42 42 42 Foreign exchange rate changes — — — (199) (255) 236 (7) — 11 Total recorded in other comprehensive income (939) (1,286) (1,145) (1,979) (3,009) 90 (1,881) (925) (134) Total recorded in net periodic benefit cost and other comprehensive income, before tax 63 179 420 (1,383) (2,231) 1,090 (1,577) (501) 359 Costs for defined contribution plans were $365 million, $177 million and $358 million in 2022, 2021, and 2020, respectively. A summary of the change in accumulated other comprehensive income is shown in the table below: Total Pension and Other Postretirement Benefits (millions of dollars) 2022 2021 2020 (Charge)/credit to other comprehensive income, before tax U.S. pension 939 1,286 1,145 Non-U.S. pension 1,979 3,009 (90) Other postretirement benefits 1,881 925 134 Total (charge)/credit to other comprehensive income, before tax 4,799 5,220 1,189 (Charge)/credit to income tax (see Note 4) (1,236) (1,287) (153) (Charge)/credit to investment in equity companies 235 110 (110) (Charge)/credit to other comprehensive income including noncontrolling interests, after tax 3,798 4,043 926 Charge/(credit) to equity of noncontrolling interests (212) (217) 30 (Charge)/credit to other comprehensive income attributable to ExxonMobil 3,586 3,826 956 The Corporation’s investment strategy for benefit plan assets reflects a long-term view, a careful assessment of the risks inherent in plan assets and liabilities, and broad diversification to reduce the risk of the portfolio. The benefit plan assets are primarily invested in passive global equity and local currency fixed income index funds to diversify risk while minimizing costs. The equity funds hold ExxonMobil stock only to the extent necessary to replicate the relevant equity index. The fixed income funds are largely invested in investment grade corporate and government debt securities with interest rate sensitivity designed to approximate the interest rate sensitivity of plan liabilities. Target asset allocations for benefit plans are reviewed periodically and set based on considerations such as risk, diversification, liquidity, and funding level. The target asset allocations for the major benefit plans range from 10 to 30 percent in equity securities and the remainder in fixed income securities. The equity for the U.S. and certain non-U.S. plans include allocations to private equity partnerships that primarily focus on early-stage venture capital of less than 5 percent. The fair value measurement levels are accounting terms that refer to different methods of valuing assets. The terms do not represent the relative risk or credit quality of an investment. The 2022 fair value of the benefit plan assets, including the level within the fair value hierarchy, is shown in the tables below: U.S. Pension Non-U.S. Pension (millions of dollars) Fair Value Measurement at December 31, 2022, Using: Fair Value Measurement at December 31, 2022, Using: Level 1 Level 2 Level 3 Net Asset Value Total Level 1 Level 2 Level 3 Net Asset Value Total Asset category: Equity securities U.S. — — — 1,726 1,726 — — — 2,318 2,318 Non-U.S. — — — 1,131 1,131 61 (1) — — 1,676 1,737 Private equity — — — 506 506 — — — 472 472 Debt securities Corporate — 4,582 (2) — 1 4,583 — 63 (2) — 4,199 4,262 Government — 2,869 (2) — 2 2,871 202 (3) 144 (2) — 7,189 7,535 Asset-backed — — — 1 1 — 22 (2) — 185 207 Cash — — — 168 168 88 40 (4) — 77 205 Total at fair value — 7,451 — 3,535 10,986 351 269 — 16,116 16,736 Insurance contracts at contract value 3 21 Total plan assets 10,989 16,757 (1) For non-U.S. equity securities held in separate accounts, fair value is based on observable quoted prices on active exchanges. (2) For corporate, government and asset-backed debt securities, fair value is based on observable inputs of comparable market transactions. (3) For government debt securities that are traded on active exchanges, fair value is based on observable quoted prices. (4) For cash balances that are subject to withdrawal penalties or other adjustments, the fair value is treated as a Level 2 input. Other Postretirement (millions of dollars) Fair Value Measurement at December 31, 2022, Using: Level 1 Level 2 Level 3 Net Asset Value Total Asset category: Equity securities U.S. 70 (1) — — — 70 Non-U.S. 37 (1) — — — 37 Debt securities Corporate — 59 (2) — — 59 Government — 175 (2) — — 175 Asset-backed — 4 (2) — — 4 Cash — 3 — — 3 Total at fair value 107 241 — — 348 (1) For equity securities held in separate accounts, fair value is based on observable quoted prices on active exchanges. (2) For corporate, government and asset-backed debt securities, fair value is based on observable inputs of comparable market transactions. The 2021 fair value of the benefit plan assets, including the level within the fair value hierarchy, is shown in the tables below: U.S. Pension Non-U.S. Pension (millions of dollars) Fair Value Measurement at December 31, 2021, Using: Fair Value Measurement at December 31, 2021, Using: Level 1 Level 2 Level 3 Net Asset Value Total Level 1 Level 2 Level 3 Net Asset Value Total Asset category: Equity securities U.S. — — — 1,956 1,956 — — — 3,416 3,416 Non-U.S. — — — 1,290 1,290 76 (1) — — 2,424 2,500 Private equity — — — 661 661 — — — 627 627 Debt securities Corporate — 5,242 (2) — 1 5,243 — 119 (2) — 5,831 5,950 Government — 3,945 (2) — 2 3,947 209 (3) 97 (2) — 11,620 11,926 Asset-backed — — — 1 1 — 25 (2) — 191 216 Cash — — — 162 162 62 53 (4) — 108 223 Total at fair value — 9,187 — 4,073 13,260 347 294 — 24,217 24,858 Insurance contracts at contract value 6 22 Total plan assets 13,266 24,880 (1) For non-U.S. equity securities held in separate accounts, fair value is based on observable quoted prices on active exchanges. (2) For corporate, government and asset-backed debt securities, fair value is based on observable inputs of comparable market transactions. (3) For government debt securities that are traded on active exchanges, fair value is based on observable quoted prices. (4) For cash balances that are subject to withdrawal penalties or other adjustments, the fair value is treated as a Level 2 input. Other Postretirement (millions of dollars) Fair Value Measurement at December 31, 2021, Using: Level 1 Level 2 Level 3 Net Asset Value Total Asset category: Equity securities U.S. 91 (1) — — — 91 Non-U.S. 45 (1) — — — 45 Debt securities Corporate — 95 (2) — — 95 Government — 206 (2) — — 206 Asset-backed — — — — — Cash — 3 — — 3 Total at fair value 136 304 — — 440 (1) For equity securities held in separate accounts, fair value is based on observable quoted prices on active exchanges. (2) For corporate, government and asset-backed debt securities, fair value is based on observable inputs of comparable market transactions. A summary of pension plans with an accumulated benefit obligation and projected benefit obligation in excess of plan assets is shown in the table below: Pension Benefits (millions of dollars) U.S. Non-U.S. 2022 2021 2022 2021 For funded pension plans with an accumulated benefit obligation in excess of plan assets: Accumulated benefit obligation — 14,511 1,098 3,108 Fair value of plan assets — 13,266 400 1,711 For funded pension plans with a projected benefit obligation in excess of plan assets: Projected benefit obligation 11,012 16,836 1,956 4,840 Fair value of plan assets 10,989 13,266 1,012 2,849 For unfunded pension plans: Projected benefit obligation 1,338 1,675 3,604 5,166 Accumulated benefit obligation 1,045 1,270 3,261 4,685 All other postretirement benefit plans are unfunded or underfunded. Pension Benefits Other Postretirement Benefits (millions of dollars) U.S. Non-U.S. Gross Medicare Subsidy Receipt Contributions expected in 2023 — 570 — — Benefit payments expected in: 2023 956 1,149 399 21 2024 963 1,140 395 22 2025 985 1,123 391 23 2026 1,009 1,109 385 24 2027 1,024 1,154 382 24 2028 - 2032 5,430 5,978 1,930 128 |
Disclosures About Segments And
Disclosures About Segments And Related Information | 12 Months Ended |
Dec. 31, 2022 | |
Segment Reporting, Measurement Disclosures [Abstract] | |
Disclosures About Segments And Related Information | Disclosures about Segments and Related Information The Upstream, Energy Products, Chemical Products, and Specialty Products functions best define the operating segments of the business that are reported separately. The factors used to identify these reportable segments are based on the nature of the operations that are undertaken by each segment. The Upstream segment is organized and operates to explore for and produce crude oil and natural gas. Energy Products, Chemical Products, and Specialty Products segments are organized and operate 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 These functions have been defined as the operating segments of the Corporation because they are the segments (1) that engage in business activities from which revenues are recognized and expenses are incurred; (2) whose operating results are regularly reviewed by the Corporation’s chief operating decision maker to make decisions about resources to be allocated to the segment and to assess its performance; and (3) for which discrete financial information is available. Earnings after income tax include 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 $117 million in 2022, $103 million in 2021, and $148 million in 2020. (millions of dollars) Upstream Energy Products Chemical Products Specialty Products Corporate and Financing Corporate 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, 2022 Earnings (loss) after income tax 11,728 24,751 8,340 6,626 2,328 1,215 1,190 1,225 (1,663) 55,740 Earnings of equity companies included above 411 10,133 126 322 91 771 — (23) (368) 11,463 Sales and other operating revenue 14,579 30,585 117,824 188,153 10,670 16,949 6,152 13,727 36 398,675 Intersegment revenue 25,658 46,076 29,001 36,894 9,081 5,201 2,587 825 241 — Depreciation and depletion expense 5,791 14,013 741 1,246 542 446 95 193 973 24,040 Interest revenue — — — — — — — — 446 446 Interest expense 51 38 1 7 — 1 — 1 699 798 Income tax expense (benefit) 3,330 11,575 2,615 2,420 520 292 334 252 (1,162) 20,176 Additions to property, plant and equipment 5,940 6,441 1,141 964 1,026 1,692 37 200 897 18,338 Investments in equity companies 4,893 21,502 368 1,154 3,124 2,417 — 1,177 (113) 34,522 Total assets 66,695 139,764 31,729 41,836 17,342 15,875 2,839 8,316 44,671 369,067 As of December 31, 2021 Earnings (loss) after income tax 3,663 12,112 668 (1,014) 3,697 3,292 1,452 1,807 (2,636) 23,040 Earnings of equity companies included above 288 5,535 122 100 (139) 1,141 — (36) (354) 6,657 Sales and other operating revenue 8,883 12,914 78,500 130,406 11,995 16,633 4,858 12,473 30 276,692 Intersegment revenue 16,692 33,405 16,735 25,097 5,993 4,082 2,193 749 227 — Depreciation and depletion expense 6,831 9,918 700 1,036 505 450 97 195 875 20,607 Interest revenue — — — — — — — — 33 33 Interest expense 58 36 1 6 — 1 — 1 844 947 Income tax expense (benefit) 1,116 4,871 156 (165) 1,235 684 464 329 (1,054) 7,636 Additions to property, plant and equipment 3,308 5,308 979 874 538 712 28 136 658 12,541 Investments in equity companies 4,999 18,544 353 972 3,019 2,490 — 1,185 (337) 31,225 Total assets 67,294 141,978 26,932 37,698 16,695 14,555 2,878 8,030 22,863 338,923 As of December 31, 2020 Earnings (loss) after income tax (19,385) (645) (1,342) (1,230) 1,196 1,061 571 630 (3,296) (22,440) Effect of asset impairments - noncash (17,138) (2,287) (15) (412) (100) (21) — (245) (35) (20,253) Earnings of equity companies included above (559) 2,101 134 (192) (21) 750 — (97) (384) 1,732 Sales and other operating revenue 5,876 8,673 46,401 86,966 6,391 11,243 3,993 8,993 38 178,574 Intersegment revenue 8,508 19,642 9,847 13,417 4,313 2,191 1,620 361 221 — Depreciation and depletion expense 28,627 12,723 693 1,508 607 461 101 397 892 46,009 Interest revenue — — — — — — — — 49 49 Interest expense 52 93 1 20 — — — 1 991 1,158 Income tax expense (benefit) (5,958) 742 (493) 89 421 277 188 299 (1,197) (5,632) Additions to property, plant and equipment 5,726 4,418 2,937 1,446 1,158 546 109 331 671 17,342 Investments in equity companies 4,792 18,135 352 952 2,543 2,413 — 1,028 (443) 29,772 Total assets 71,287 144,730 23,192 33,566 15,529 13,653 2,872 7,849 20,072 332,750 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 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) 2022 2021 2020 Revenue from contracts with customers 304,758 228,968 153,478 Revenue outside the scope of ASC 606 93,917 47,724 25,096 Total 398,675 276,692 178,574 Geographic Sales and other operating revenue (millions of dollars) 2022 2021 2020 United States 149,225 104,236 62,663 Non-U.S. 249,450 172,456 115,911 Total 398,675 276,692 178,574 Significant non-U.S. revenue sources include: (1) United Kingdom 33,988 14,759 11,055 Canada 32,970 22,166 13,093 Singapore 19,029 15,031 9,442 France 17,727 13,236 8,676 Italy 11,496 10,056 7,091 Australia 11,316 7,646 5,839 Belgium 11,279 9,153 6,231 (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, 2022 2021 2020 United States 90,051 90,412 94,732 Non-U.S. 114,641 126,140 132,821 Total 204,692 216,552 227,553 Significant non-U.S. long-lived assets include: Canada 31,106 34,907 36,232 Singapore 11,972 11,969 12,129 Australia 11,372 12,988 14,792 Kazakhstan 8,172 8,463 8,882 Papua New Guinea 7,338 7,534 7,803 Guyana 6,766 4,892 3,547 United Arab Emirates 5,448 5,392 5,381 Nigeria 4,090 5,235 6,345 Brazil 3,649 4,337 3,281 Angola 2,793 3,207 4,405 Russia — 4,055 4,616 |
Income And Other Taxes
Income And Other Taxes | 12 Months Ended |
Dec. 31, 2022 | |
Income And Other Taxes [Abstract] | |
Income And Other Taxes | Income and Other Taxes Income tax expense (benefit) (millions of dollars) 2022 2021 2020 U.S. Non-U.S. Total U.S. Non-U.S. Total U.S. Non-U.S. Total Federal and non-U.S. Current 696 15,071 15,767 236 6,948 7,184 262 2,908 3,170 Deferred - net 4,122 (539) 3,583 870 (914) (44) (6,045) (2,007) (8,052) U.S. tax on non-U.S. operations 65 — 65 26 — 26 13 — 13 Total federal and non-U.S. 4,883 14,532 19,415 1,132 6,034 7,166 (5,770) 901 (4,869) State 761 — 761 470 — 470 (763) — (763) Total income tax expense (benefit) 5,644 14,532 20,176 1,602 6,034 7,636 (6,533) 901 (5,632) All other taxes and duties Other taxes and duties 4,087 23,832 27,919 3,731 26,508 30,239 3,108 23,014 26,122 Included in production and manufacturing expenses 2,204 862 3,066 1,589 674 2,263 1,148 663 1,811 Included in SG&A expenses 151 319 470 170 283 453 164 328 492 Total other taxes and duties 6,442 25,013 31,455 5,490 27,465 32,955 4,420 24,005 28,425 Total 12,086 39,545 51,631 7,092 33,499 40,591 (2,113) 24,906 22,793 The above provisions for deferred income taxes include net expenses of $30 million in 2022, and net benefits of $53 million in 2021, and $25 million in 2020 related to changes in tax laws and rates, and a benefit of $6.3 billion in 2020 related to asset impairments. Additional European Taxes on the Energy Sector. On October 6, 2022, European Union (“EU”) Member States adopted an EU Council Regulation which, along with other measures, introduced a new tax described as an emergency intervention to address high energy prices. This regulation imposed a mandatory tax on certain companies active in the crude petroleum, coal, natural gas, and refinery sectors. The regulation required Member States to levy a minimum 33 percent tax on in-scope companies’ 2022 and/or 2023 “surplus profits”, defined in the regulation as taxable profits exceeding 120 percent of the annual average profits during the 2018-2021 period. EU Member States were required to implement the tax, or an equivalent national measure, by December 31, 2022. The enactment of these regulations resulted in an after-tax charge of approximately $1.8 billion to the Corporation’s fourth-quarter 2022 results, mainly reflected in the line “Income tax expense (benefit)” on the Consolidated Statement of Income. The reconciliation between income tax expense (credit) and a theoretical U.S. tax computed by applying a rate of 21 percent for 2022, 2021, and 2020 is as follows: (millions of dollars) 2022 2021 2020 Income (loss) before income taxes United States 28,281 9,478 (27,704) Non-U.S. 49,472 21,756 (1,179) Total 77,753 31,234 (28,883) Theoretical tax 16,328 6,559 (6,065) Effect of equity method of accounting (2,407) (1,398) (364) Non-U.S. taxes in excess of/(less than) theoretical U.S. tax (1)(2) 6,423 2,809 1,606 State taxes, net of federal tax benefit (1) 601 371 (603) Other (769) (705) (206) Total income tax expense (credit) 20,176 7,636 (5,632) Effective tax rate calculation Income tax expense (credit) 20,176 7,636 (5,632) ExxonMobil share of equity company income taxes 7,594 2,756 861 Total income tax expense (credit) 27,770 10,392 (4,771) Net income (loss) including noncontrolling interests 57,577 23,598 (23,251) Total income (loss) before taxes 85,347 33,990 (28,022) Effective income tax rate 33% 31% 17% (1) 2020 includes the impact of an increase in valuation allowance of $647 million in non-U.S. and $115 million in U.S. state jurisdictions. (2) 2022 includes the impact of the additional European taxes on the energy sector of $1,825 million. Deferred income taxes reflect the impact of temporary differences between the amount of assets and liabilities recognized for financial reporting purposes and such amounts recognized for tax purposes. Deferred tax liabilities/(assets) are comprised of the following at December 31: Tax effects of temporary differences for: (millions of dollars) 2022 2021 Property, plant and equipment 25,607 27,888 Other liabilities 7,401 6,353 Total deferred tax liabilities 33,008 34,241 Pension and other postretirement benefits (1,754) (3,687) Asset retirement obligations (3,045) (2,865) Tax loss carryforwards (4,862) (6,914) Other assets (6,948) (7,694) Total deferred tax assets (16,609) (21,160) Asset valuation allowances 2,650 2,634 Net deferred tax liabilities 19,049 15,715 In 2022, asset valuation allowances of $2,650 million increased by $16 million and included net provisions o f $202 million and foreign currency effects of $186 million . Balance sheet classification (millions of dollars) 2022 2021 Other assets, including intangibles, net (3,825) (4,450) Deferred income tax liabilities 22,874 20,165 Net deferred tax liabilities 19,049 15,715 The Corporation’s undistributed earnings from subsidiary companies outside the United States include amounts that have been retained to fund prior and future capital project expenditures. Deferred income taxes have not been recorded for potential future tax obligations, such as foreign withholding tax and state tax, as these undistributed earnings are expected to be indefinitely reinvested for the foreseeable future. As of December 31, 2022, it is not practicable to estimate the unrecognized deferred tax liability. However, unrecognized deferred taxes on remittance of these funds are not expected to be material. Unrecognized Tax Benefits. The Corporation is subject to income taxation in many jurisdictions around the world. The benefits of uncertain tax positions that the Corporation has taken or expects to take in its income tax returns are recognized in the financial statements if management concludes that it is more likely than not that the position will be sustained with the tax authorities. For a position that is likely to be sustained, the benefit recognized in the financial statements is measured at the largest amount that is greater than 50 percent likely of being realized. Unrecognized tax benefits reflect the difference between positions taken or expected to be taken on income tax returns and the amounts recognized in the financial statements. The following table summarizes the movement in unrecognized tax benefits: Gross unrecognized tax benefits (millions of dollars) 2022 2021 2020 Balance at January 1 9,130 8,764 8,844 Additions based on current year's tax positions 539 358 253 Additions for prior years' tax positions 294 100 218 Reductions for prior years' tax positions (6,243) (79) (201) Reductions due to lapse of the statute of limitations (16) (2) (237) Settlements with tax authorities (277) (11) (113) Foreign exchange effects/other (29) — — Balance at December 31 3,398 9,130 8,764 The gross unrecognized tax benefit balances are predominantly related to tax positions that would reduce the Corporation’s effective tax rate if the positions are favorably resolved. Unfavorable resolution of these tax positions generally would not increase the effective tax rate. The 2022, 2021, and 2020 changes in unrecognized tax benefits did not have a material effect on the Corporation’s net income. Resolution of these tax positions through negotiations with the relevant tax authorities or through litigation will take many years to complete. It is difficult to predict the timing of resolution for these tax positions since the timing is not entirely within the control of the Corporation. In the United States, the Corporation filed a refund suit for tax years 2006-2009 with respect to positions at issue for those years. These positions were reflected in the 2021 unrecognized tax benefit table. The IRS asserted penalties associated with several of those positions. The Corporation did not recognize those penalties as an expense because it did not expect the penalties to be sustained in litigation. On August 3, 2022, the Corporation received an adverse ruling on the tax positions and a favorable ruling on the related penalties from the U.S. Court of Appeals for the Fifth Circuit. Neither the Corporation nor the government appealed the ruling. As a result of this litigation, the tax positions that were at issue are not reflected in the ending balance of the 2022 unrecognized tax benefits table. The Corporation has various U.S. federal income tax positions at issue with the Internal Revenue Service (IRS) for tax years beginning in 2010. Unfavorable resolution of these issues would not have a material adverse effect on the Corporation’s operations or financial condition. It is reasonably possible that the total amount of unrecognized tax benefits could increase by up to 20 percent or decrease by up to 10 percent in the next 12 months. The following table summarizes the tax years that remain subject to examination by major tax jurisdiction: Country of Operation Open Tax Years Abu Dhabi 2021 — 2022 Angola 2018 — 2022 Australia 2010 — 2022 Belgium 2017 — 2022 Canada 2001 — 2022 Equatorial Guinea 2009 — 2022 Indonesia 2008 — 2022 Iraq 2017 — 2022 Malaysia 2018 — 2022 Nigeria 2006 — 2022 Papua New Guinea 2008 — 2022 United Kingdom 2015 — 2022 United States 2010 — 2022 The Corporation classifies interest on income tax-related balances as interest expense or interest income and classifies tax-related penalties as operating expense. For 2022 and 2021 the Corporation's net interest expense on income tax reserves was $16 million and $0 million, respectively. For 2020, the Corporation's net interest expense was a credit of $6 million. The related interest payable balances were $63 million and $61 million at December 31, 2022 and 2021, respectively. |
Divestment Activities
Divestment Activities | 12 Months Ended |
Dec. 31, 2022 | |
Discontinued Operations and Disposal Groups [Abstract] | |
Divestment Activities | Divestment Activities The Corporation realized proceeds of approximately $5 billion and recognized net after-tax earnings of approximately $0.4 billion from its divestment activities in 2022. This included the sale of certain unproved assets in Romania and unconventional assets in Canada and the United States, as well as other smaller divestments. In August 2022, the Corporation executed an agreement for the sale of Mobil California Exploration and Producing Asset Company (United States), consisting of ExxonMobil's interest in the Aera Energy joint venture, to Green Gate Resources E, LLC. The transaction is anticipated to close in first quarter 2023. In November 2022, the Corporation executed an agreement for the sale of the Santa Ynez Unit and associated assets in California. The agreement is subject to certain conditions precedent and government approvals and does not yet meet held-for-sale criteria under ASC 360. Should the conditions precedent be met and the potential transaction close, the Corporation would expect to recognize a loss of up to $2 billion. In February 2022, the Corporation signed an agreement with Seplat Energy Offshore Limited for the sale of Mobil Producing Nigeria Unlimited. The agreement is subject to certain conditions precedent and government approvals. In early July, a Nigerian court issued an order to halt transition activities and enter into arbitration with the Nigerian National Petroleum Company. The closing date and any loss on sale will depend on resolution of these matters. |
Summary Of Accounting Policies
Summary Of Accounting Policies (Policy) | 12 Months Ended |
Dec. 31, 2022 | |
Accounting Policies [Abstract] | |
Principles of Consolidation and Accounting for Investments | Principles of Consolidation and Accounting for Investments The Consolidated Financial Statements include the accounts of subsidiaries the Corporation controls and any variable interest entities where it is deemed the primary beneficiary. They also include the Corporation’s share of the undivided interest in certain upstream assets, liabilities, revenues, and expenses. Amounts representing the Corporation’s interest in entities that it does not control, but over which it exercises significant influence, are included in “Investments, advances and long-term receivables”. Under the equity method of accounting, the Corporation recognizes its share of the net income of these companies in “Income from equity affiliates”. Majority ownership is normally the indicator of control that is the basis on which subsidiaries are consolidated. However, certain factors may indicate that a majority-owned investment is not controlled and, therefore, should be accounted for using the equity method of accounting. These factors occur where the minority shareholders are granted, by law or by contract, substantive participating rights. These include the right to approve operating policies, expense budgets, financing and investment plans, and management compensation and succession plans. Investments accounted for by the equity method are assessed for possible impairment when events or changes in circumstances indicate that the carrying value of an investment may not be recoverable. Examples of key indicators include a history of operating losses, negative earnings and cash flow outlook, significant downward revisions to oil and gas reserves, and the financial condition and prospects for the investee’s business segment or geographic region. If the decline in value of the investment is other than temporary, the carrying value of the investment is written down to fair value. In the absence of market prices for the investment, discounted cash flows are used to assess fair value. The Corporation’s share of the cumulative foreign exchange translation adjustment for equity method investments is reported in “Accumulated other comprehensive income”. Investments in equity securities, other than consolidated subsidiaries and equity method investments, are measured at fair value with changes in fair value recognized in net income. The Corporation uses the modified approach for equity securities that do not have a readily determinable fair value. This modified approach measures investments at cost minus impairment, if any, plus or minus changes resulting from observable price changes in orderly transactions in a similar investment of the same issuer. |
Revenue Recognition | Revenue Recognition The Corporation generally sells crude oil, natural gas, and petroleum and chemical products under short-term agreements at prevailing market prices. In some cases (e.g., natural gas), products may be sold under long-term agreements, with periodic price adjustments to reflect market conditions. Revenue is recognized at the amount the Corporation expects to receive when the customer has taken control, which is typically when title transfers and the customer has assumed the risks and rewards of ownership. The prices of certain sales are based on price indices that are sometimes not available until the next period. In such cases, estimated realizations are accrued when the sale is recognized, and are finalized when the price is available. Such adjustments to revenue from performance obligations satisfied in previous periods are not significant. Payment for revenue transactions is typically due within 30 days. Future volume delivery obligations that are unsatisfied at the end of the period are expected to be fulfilled through ordinary production or purchases. These performance obligations are based on market prices at the time of the transaction and are fully constrained due to market price volatility. Purchases and sales of inventory with the same counterparty that are entered into in contemplation of one another are combined and recorded as exchanges measured at the book value of the item sold. “Sales and other operating revenue” and “Notes and accounts receivable” include revenue and receivables both within the scope of ASC 606 "Revenue from Contracts with Customers” and those outside the scope of ASC 606. Long-term receivables are primarily from receivables outside the scope of ASC 606. Contract assets are mainly from marketing assistance programs and are not significant. Contract liabilities are mainly customer prepayments and accruals of expected volume discounts and are not significant. |
Income and Other Taxes | Income and Other Taxes The Corporation excludes from the Consolidated Statement of Income certain sales and value-added taxes imposed on and concurrent with revenue-producing transactions with customers and collected on behalf of governmental authorities. Similar taxes, for which the Corporation is not considered to be an agent for the government, are reported on a gross basis (included in both “Sales and other operating revenue” and “Other taxes and duties”). The Corporation accounts for U.S. tax on global intangible low-taxed income as an income tax expense in the period in which it is incurred. |
Derivative Instruments | Derivative Instruments The Corporation may use derivative instruments for trading purposes and to offset exposures associated with commodity prices, foreign currency exchange rates, and interest rates that arise from existing assets, liabilities, firm commitments, and forecasted transactions. All derivative instruments, except those designated as normal purchase and normal sale, are recorded at fair value. Derivative assets and liabilities with the same counterparty are netted if the right of offset exists and certain other criteria are met. Collateral payables or receivables are netted against derivative assets and derivative liabilities, respectively. Recognition and classification of the gain or loss that results from adjusting a derivative to fair value depends on the purpose for the derivative. All gains and losses from derivative instruments for which the Corporation does not apply hedge accounting are immediately recognized in earnings. The Corporation may designate derivatives as fair value or cash flow hedges. For fair value hedges, the gain or loss from derivative instruments and the offsetting gain or loss from the hedged item are recognized in earnings. For cash flow hedges, the gain or loss from the derivative instrument is initially reported as a component of other comprehensive income and subsequently reclassified into earnings in the period that the forecasted transaction affects earnings. |
Fair Value | Fair Value Fair value is the price that would be received to sell an asset or paid to transfer a liability in an orderly transaction between market participants. Hierarchy levels 1, 2, and 3 are terms for the priority of inputs to valuation techniques used to measure fair value. Hierarchy level 1 inputs are quoted prices in active markets for identical assets or liabilities. Hierarchy level 2 inputs are inputs other than quoted prices included within level 1 that are directly or indirectly observable for the asset or liability. Hierarchy level 3 inputs are inputs that are not observable in the market. |
Inventories | InventoriesCrude oil, products, and merchandise inventories are carried at the lower of current market value or cost (generally determined under the last-in, first-out method – LIFO). Inventory costs include expenditures and other charges (including depreciation) directly and indirectly incurred in bringing the inventory to its existing condition and location. Selling expenses and general and administrative expenses are reported as period costs and excluded from inventory cost. Inventories of materials and supplies are valued at cost or less. |
Property, Plant And Equipment | Property, Plant, and Equipment Cost Basis. The Corporation uses the “successful efforts” method to account for its exploration and production activities. Under this method, costs are accumulated on a field-by-field basis. Costs incurred to purchase, lease, or otherwise acquire a property (whether unproved or proved) are capitalized when incurred. Exploratory well costs are carried as an asset when the well has found a sufficient quantity of reserves to justify its completion as a producing well and where the Corporation is making sufficient progress assessing the reserves and the economic and operating viability of the project. Exploratory well costs not meeting these criteria are charged to expense. Other exploratory expenditures, including geophysical costs and annual lease rentals, are expensed as incurred. Development costs, including costs of productive wells and development dry holes, are capitalized. Interest costs incurred to finance expenditures during the construction phase of multiyear projects are capitalized as part of the historical cost of acquiring the constructed assets. The project construction phase commences with the development of the detailed engineering design and ends when the constructed assets are ready for their intended use. Capitalized interest costs are included in property, plant, and equipment and are depreciated over the service life of the related assets. Depreciation, Depletion, and Amortization. Depreciation, depletion, and amortization are primarily determined under either the unit-of-production method or the straight-line method, which is based on estimated asset service life, taking obsolescence into consideration. Acquisition costs of proved properties are amortized using a unit-of-production method, computed on the basis of total proved oil and natural gas reserve volumes. Capitalized exploratory drilling and development costs associated with productive depletable extractive properties are amortized using the unit-of-production rates based on the amount of proved developed reserves of oil and gas that are estimated to be recoverable from existing facilities using current operating methods. Under the unit-of-production method, oil and natural gas volumes are considered produced once they have been measured through meters at custody transfer or sales transaction points at the outlet valve on the lease or field storage tank. In the event that the unit-of-production method does not result in an equitable allocation of cost over the economic life of an upstream asset, an alternative method is used. The straight-line method is used in limited situations where the expected life of the asset does not reasonably correlate with that of the underlying reserves. For example, certain assets used in the production of oil and natural gas have a shorter life than the reserves, and as such, the Corporation uses straight-line depreciation to ensure the asset is fully depreciated by the end of its useful life. To the extent that proved reserves for a property are substantially de-booked and that property continues to produce such that the resulting depreciation charge does not result in an equitable allocation of cost over the expected life, assets will be depreciated using a unit-of-production method based on reserves determined at the most recent SEC price which results in a more meaningful quantity of proved reserves, appropriately adjusted for production and technical changes. Investments in refinery, chemical process, and lubes basestock manufacturing equipment are generally depreciated on a straight-line basis over a 25-year life. Service station buildings and fixed improvements are generally depreciated over a 20-year life. Maintenance and repairs, including planned major maintenance, are expensed as incurred. Major renewals and improvements are capitalized, and the assets replaced are retired. Impairment Assessment. The Corporation tests assets or groups of assets for recoverability on an ongoing basis whenever events or changes in circumstances indicate that the carrying amounts may not be recoverable. Among the events or changes in circumstances which could indicate that the carrying value of an asset or asset group may not be recoverable are the following: • a significant decrease in the market price of a long-lived asset; • a significant adverse change in the extent or manner in which an asset is being used or in its physical condition, including a significant decrease in current and projected reserve volumes; • a significant adverse change in legal factors or in the business climate that could affect the value, including an adverse action or assessment by a regulator; • an accumulation of project costs significantly in excess of the amount originally expected; • a current-period operating loss combined with a history and forecast of operating or cash flow losses; and • a current expectation that, more likely than not, a long-lived asset will be sold or otherwise disposed of significantly before the end of its previously estimated useful life. The Corporation has a robust process to monitor for indicators of potential impairment across its asset groups throughout the year. This process is aligned with the requirements of ASC 360 and ASC 932, and relies, in part, on the Corporation’s planning and budgeting cycle. Asset valuation analysis, profitability reviews, and other periodic control processes assist the Corporation in assessing whether events or changes in circumstances indicate the carrying amounts of any of its assets may not be recoverable. Because the lifespans of the vast majority of the Corporation’s major assets are measured in decades, the future cash flows of these assets are predominantly based on long-term oil and natural gas commodity prices and industry margins, development costs, and production costs. Significant reductions in the Corporation’s view of oil or natural gas commodity prices or margin ranges, especially the longer-term prices and margins, and changes in the development plans, including decisions to defer, reduce, or eliminate planned capital spending, can be an indicator of potential impairment. Other events or changes in circumstances can be indicators of potential impairment as well. In general, the Corporation does not view temporarily low prices or margins as an indication of impairment. Management believes that prices over the long term must be sufficient to generate investments in energy supply to meet global demand. Although prices will occasionally drop significantly, industry prices over the long term will continue to be driven by market supply and demand fundamentals. On the supply side, industry production from mature fields is declining. This is being offset by investments to generate production from new discoveries, field developments, and technology and efficiency advancements. OPEC investment activities and production policies also have an impact on world oil supplies. The demand side is largely a function of general economic activities, alternative energy sources, and levels of prosperity. During the lifespan of its major assets, the Corporation expects that oil and gas prices and industry margins will experience significant volatility. Consequently, these assets will experience periods of higher earnings and periods of lower earnings, or even losses. In assessing whether events or changes in circumstances indicate the carrying value of an asset may not be recoverable, the Corporation considers recent periods of operating losses in the context of its longer-term view of prices and margins. In the Upstream, the standardized measure of discounted cash flows included in the Supplemental Information on Oil and Gas Exploration and Production Activities is required to use prices based on the average of first-of-month prices in the year. These prices represent discrete points in time and could be higher or lower than the Corporation’s price assumptions which are used for impairment assessments. The Corporation believes the standardized measure does not provide a reliable estimate of the expected future cash flows to be obtained from the development and production of its oil and gas properties or of the value of its oil and gas reserves, and therefore, does not consider it relevant in determining whether events or changes in circumstances indicate the need for an impairment assessment. Outlook for Energy and Cash Flow Assessment. The annual planning and budgeting process, known as the Corporate Plan, is the mechanism by which resources (capital, operating expenses, and people) are allocated across the Corporation. The foundation for the assumptions supporting the Corporate Plan is the Outlook for Energy (Outlook), which contains the Corporation’s demand and supply projections based on its assessment of current trends in technology, government policies, consumer preferences, geopolitics, economic development, and other factors. Reflective of the existing global policy environment, the Outlook does not attempt to project the degree of necessary future policy and technology advancement and deployment for the world, or the Corporation, to meet net zero by 2050. As future policies and technology advancements emerge, they will be incorporated into the Outlook, and the Corporation’s business plans will be updated accordingly. If events or changes in circumstances indicate that the carrying value of an asset may not be recoverable, the Corporation estimates the future undiscounted cash flows of the affected properties to judge the recoverability of carrying amounts. In performing this assessment, assets are grouped at the lowest level for which there are identifiable cash flows that are largely independent of the cash flows of other groups of assets. Cash flows used in recoverability assessments are based on the assumptions developed in the Corporate Plan, which is reviewed and approved by the Board of Directors, and are consistent with the criteria management uses to evaluate investment opportunities. These evaluations make use of the Corporation’s assumptions of future capital allocations, crude oil and natural gas commodity prices including price differentials, refining and chemical margins, volumes, development and operating costs including greenhouse gas emission prices, and foreign currency exchange rates. Notably, when assessing future cash flows, the Corporation includes the estimated costs in support of reaching its 2030 greenhouse gas emission-reduction plans, including its goal of net-zero greenhouse gas emissions (Scope 1 and 2) from unconventional operated assets in the Permian Basin. Volumes are based on projected field and facility production profiles, throughput, or sales. Management’s estimate of upstream production volumes used for projected cash flows makes use of proved reserve quantities and may include risk-adjusted unproved reserve quantities. Cash flow estimates for impairment testing exclude the effects of derivative instruments. As part of the Corporate Plan, the Company considers estimated greenhouse gas emission costs, even for jurisdictions without a current greenhouse gas pricing policy. Fair Value of Impaired Assets. An asset group is impaired if its estimated undiscounted cash flows are less than the asset group's carrying value. Impairments are measured by the excess of the carrying value over fair value. The assessment of fair value is based upon the views of a likely market participant. The principal parameters used to establish fair value include estimates of acreage values and flowing production metrics from comparable market transactions, market-based estimates of historical cash flow multiples, and discounted cash flows. Inputs and assumptions used in discounted cash flow models include estimates of future production volumes, throughput and product sales volumes, commodity prices which are consistent with the average of third-party industry experts and government agencies, refining and chemical margins, drilling and development costs, operating costs, and discount rates which are reflective of the characteristics of the asset group. Other Impairments Related to Property, Plant and Equipment. Unproved properties are assessed periodically to determine whether they have been impaired. Significant unproved properties are assessed for impairment individually, and valuation allowances against the capitalized costs are recorded based on the Corporation's future development plans, the estimated economic chance of success, and the length of time that the Corporation expects to hold the properties. Properties that are not individually significant are aggregated by groups and amortized based on development risk and average holding period. |
Environmental Liabilities | Environmental Liabilities Liabilities for environmental costs are recorded when it is probable that obligations have been incurred and the amounts can be reasonably estimated. These liabilities are not reduced by possible recoveries from third parties, and projected cash expenditures are not discounted. |
Foreign Currency Translation | Foreign Currency Translation The Corporation selects the functional reporting currency for its international subsidiaries based on the currency of the primary economic environment in which each subsidiary operates. Operations in the Product Solutions businesses use the local currency. However, the U.S. dollar is used in countries with a history of high inflation (primarily in Latin America) and Singapore, which predominantly sells into the U.S. dollar export market. Upstream operations which are relatively self-contained and integrated within a particular country, such as in Canada and Europe, use the local currency. Some Upstream operations, primarily in Asia and Africa, use the U.S. dollar because they predominantly sell crude and natural gas production into U.S. dollar-denominated markets. For all operations, gains or losses from remeasuring foreign currency transactions into the functional currency are included in income. |
Asset Retirement Obligations | The Corporation incurs retirement obligations for certain assets. The fair values of these obligations are recorded as liabilities on a discounted basis, which is typically at the time the assets are installed. In the estimation of fair value, the Corporation uses assumptions and judgments regarding such factors as the existence of a legal obligation for an asset retirement obligation, technical assessments of the assets, estimated amounts and timing of settlements, discount rates, and inflation rates. Asset retirement obligations incurred in the current period were Level 3 fair value measurements. The costs associated with these liabilities are capitalized as part of the related assets and depreciated as the reserves are produced. Over time, the liabilities are accreted for the change in their present value. |
Oil and Gas Properties | The Corporation continues capitalization of exploratory well costs when the well has found a sufficient quantity of reserves to justify its completion as a producing well and the Corporation is making sufficient progress assessing the reserves and the economic and operating viability of the project. |
Leases | Right of use assets and lease liabilities are established on the balance sheet for leases with an expected term greater than one year by discounting the amounts fixed in the lease agreement for the duration of the lease which is reasonably certain, considering the probability of exercising any early termination and extension options. The portion of the fixed payment related to service costs for drilling equipment, tankers and finance leases is excluded from the calculation of right of use assets and lease liabilities.In general, leases are capitalized using the incremental borrowing rate of the leasing affiliate. |
Net Investment Hedge Risk Management | The Corporation may use non-derivative financial instruments, such as its foreign currency-denominated debt, as hedges of its net investments in certain foreign subsidiaries. Under this method, the change in the carrying value of the financial instruments due to foreign exchange fluctuations is reported in accumulated other comprehensive income. |
Stock-Based Payments | Compensation expense for these awards is based on the price of the stock at the date of grant and is recognized in income over the requisite service period. Shares for these awards are issued to employees from treasury stock. The units that are settled in cash are recorded as liabilities, and their changes in fair value are recognized over the vesting period. |
Commitments and Contingencies | The Corporation accrues an undiscounted liability for those contingencies where the incurrence of a loss is probable and the amount can be reasonably estimated. If a range of amounts can be reasonably estimated and no amount within the range is a better estimate than any other amount, then the minimum of the range is accrued. The Corporation does not record liabilities when the likelihood that the liability has been incurred is probable but the amount cannot be reasonably estimated or when the liability is believed to be only reasonably possible or remote. For contingencies where an unfavorable outcome is reasonably possible and which are significant, the Corporation discloses the nature of the contingency and, where feasible, an estimate of the possible loss. For purposes of our contingency disclosures, “significant” includes material matters, as well as other matters, which management believes should be disclosed. |
Income Tax Uncertainties | The benefits of uncertain tax positions that the Corporation has taken or expects to take in its income tax returns are recognized in the financial statements if management concludes that it is more likely than not that the position will be sustained with the tax authorities. For a position that is likely to be sustained, the benefit recognized in the financial statements is measured at the largest amount that is greater than 50 percent likely of being realized. Unrecognized tax benefits reflect the difference between positions taken or expected to be taken on income tax returns and the amounts recognized in the financial statements. |
Miscellaneous Financial Infor_2
Miscellaneous Financial Information (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Crude Oil, Products And Merchandise | Crude oil, products. and merchandise as of year-end 2022 and 2021 consist of the following: (millions of dollars) Dec 31, 2022 Dec 31, 2021 Crude oil 6,909 4,162 Petroleum products 6,291 5,081 Chemical products (1) 3,806 3,354 Gas/other 3,428 1,922 Total 20,434 14,519 (1) Chemical products includes basic chemicals (olefins and aromatics), polymers (such as polyolefins, adhesions, specialty elastomers, & butyl), intermediates (e.g. hydrocarbon fluids, plasticizers) and synthetics. |
Other Comprehensive Income In_2
Other Comprehensive Income Information (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] | |
Schedule Of Accumulated Other Comprehensive Income Information | ExxonMobil Share of Accumulated Other Comprehensive Income (millions of dollars) Cumulative Foreign Exchange Translation Adjustment Postretirement Benefits Reserves Adjustment Total Balance as of December 31, 2019 (12,446) (7,047) (19,493) Current period change excluding amounts reclassified from accumulated other comprehensive income 1,818 95 1,913 Amounts reclassified from accumulated other comprehensive income 14 861 875 Total change in accumulated other comprehensive income 1,832 956 2,788 Balance as of December 31, 2020 (10,614) (6,091) (16,705) Current period change excluding amounts reclassified from accumulated other comprehensive income (1) (883) 2,938 2,055 Amounts reclassified from accumulated other comprehensive income (2) 888 886 Total change in accumulated other comprehensive income (885) 3,826 2,941 Balance as of December 31, 2021 (11,499) (2,265) (13,764) Current period change excluding amounts reclassified from accumulated other comprehensive income (1) (3,092) 3,205 113 Amounts reclassified from accumulated other comprehensive income — 381 381 Total change in accumulated other comprehensive income (3,092) 3,586 494 Balance as of December 31, 2022 (14,591) 1,321 (13,270) (1) Cumulative Foreign Exchange Translation Adjustment includes net investment hedge gain/(loss) net of taxes of $230 million and $329 million in 2022 and 2021, respectively. |
Reclassification Out Of Accumulated Other Comprehensive Income | Amounts Reclassified Out of Accumulated Other Comprehensive Income - Before-tax Income/(Expense) (millions of dollars) 2022 2021 2020 Foreign exchange translation gain/(loss) included in net income (Statement of Income line: Other income) — 2 (14) Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs (Statement of Income line: Non-service pension and postretirement benefit expense) (519) (1,229) (1,158) |
Schedule Of Income Tax (Expense)/Credit For Components Of Other Comprehensive Income | Income Tax (Expense)/Credit For Components of Other Comprehensive Income (millions of dollars) 2022 2021 2020 Foreign exchange translation adjustment 54 (114) 118 Postretirement benefits reserves adjustment (excluding amortization) (1,120) (983) 109 Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs (116) (304) (262) Total (1,182) (1,401) (35) |
Cash Flow Information (Tables)
Cash Flow Information (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Supplemental Cash Flow Information [Abstract] | |
Cash Payments For Interest And Income Taxes | (millions of dollars) 2022 2021 2020 Income taxes paid 15,364 5,341 2,428 Cash interest paid Included in cash flows from operating activities 666 819 786 Capitalized, included in cash flows from investing activities 838 655 665 Total cash interest paid 1,504 1,474 1,451 |
Additional Working Capital In_2
Additional Working Capital Information (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Additional Working Capital Information [Abstract] | |
Schedule Of Notes, Accounts Receivable And Payable, Loans Payable, And Accrued Liabilities | (millions of dollars) Dec 31, 2022 Dec 31, 2021 Notes and accounts receivable Trade, less reserves of $168 million and $159 million 32,844 26,883 Other, less reserves of $402 million and $381 million 8,905 5,500 Total 41,749 32,383 Notes and loans payable Bank loans 379 276 Commercial paper 74 1,608 Long-term debt due within one year 181 2,392 Total 634 4,276 Accounts payable and accrued liabilities Trade payables 33,169 26,623 Payables to equity companies 14,585 8,885 Accrued taxes other than income taxes 3,969 3,896 Other 11,474 11,362 Total 63,197 50,766 |
Equity Company Information (Tab
Equity Company Information (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Equity Method Investment, Financial Statement, Reported Amounts [Abstract] | |
Schedule Of Equity Company Financial Summary | Equity Company Financial Summary (millions of dollars) 2022 2021 2020 Total ExxonMobil Total ExxonMobil Share Total ExxonMobil Total revenues 183,812 57,528 116,972 34,995 69,954 21,282 Income before income taxes 61,550 19,279 35,142 9,278 12,743 2,830 Income taxes 23,149 7,603 11,010 2,763 4,333 870 Income from equity affiliates 38,401 11,676 24,132 6,515 8,410 1,960 Current assets 77,457 24,994 45,267 15,542 33,419 11,969 Long-term assets 153,186 42,921 150,699 41,614 150,358 41,457 Total assets 230,643 67,915 195,966 57,156 183,777 53,426 Current liabilities 53,640 15,555 28,862 8,297 18,827 5,245 Long-term liabilities 62,009 18,929 63,138 19,084 66,053 19,927 Net assets 114,994 33,431 103,966 29,775 98,897 28,254 |
Schedule Of The Corporation's Percentage Ownership Interest | A list of significant equity companies as of December 31, 2022, together with the Corporation’s percentage ownership interest, is detailed below: Percentage Ownership Interest Upstream Aera Energy LLC 48 Barzan Gas Company Limited 7 BEB Erdgas und Erdoel GmbH & Co. KG 50 Caspian Pipeline Consortium 8 Coral FLNG S.A. 25 Cross Timbers Energy LLC 50 GasTerra B.V. 25 Golden Pass LNG Terminal LLC 30 Golden Pass Pipeline LLC 30 Marine Well Containment Company LLC 10 Mozambique Rovuma Venture S.p.A. 36 Nederlandse Aardolie Maatschappij B.V. 50 Papua New Guinea Liquefied Natural Gas Global Company LDC 33 Permian Highway Pipeline LLC 20 Qatar Liquefied Gas Company Limited (2) 24 Qatar Liquefied Gas Company Limited (7) 25 Ras Laffan Liquefied Natural Gas Company Limited 25 Ras Laffan Liquefied Natural Gas Company Limited (II) 31 Ras Laffan Liquefied Natural Gas Company Limited (3) 30 South Hook LNG Terminal Company Limited 24 Tengizchevroil LLP 25 Terminale GNL Adriatico S.r.l. 71 Energy Products, Chemical Products, and/or Specialty Products Al-Jubail Petrochemical Company 50 Alberta Products Pipe Line Ltd. 45 Fujian Refining & Petrochemical Co. Ltd. 25 Gulf Coast Growth Ventures LLC 50 Infineum USA L.P. 50 Permian Express Partners LLC 12 Saudi Aramco Mobil Refinery Company Ltd. 50 Saudi Yanbu Petrochemical Co. 50 |
Investments, Advances And Lon_2
Investments, Advances And Long-Term Receivables (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Long-Term Investments and Receivables, Net [Abstract] | |
Schedule Of Investments, Advances And Long-Term Receivables | (millions of dollars) Dec 31, 2022 Dec 31, 2021 Equity method company investments and advances Investments 34,522 31,225 Advances, net of allowances of $28 million and $34 million 8,049 8,326 Total equity method company investments and advances 42,571 39,551 Equity securities carried at fair value and other investments at adjusted cost basis 278 138 Long-term receivables and miscellaneous, net of reserves of $1,623 million and $5,974 million 6,944 5,506 Total 49,793 45,195 |
Property, Plant And Equipment_2
Property, Plant And Equipment And Asset Retirement Obligations (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Property, Plant And Equipment And Asset Retirement Obligations [Abstract] | |
Property, Plant And Equipment | Property, Plant and Equipment (millions of dollars) December 31, 2022 December 31, 2021 Cost Net Cost Net Upstream 350,748 144,146 375,813 156,951 Energy Products 58,393 26,765 58,504 27,354 Chemical Products 36,322 19,064 33,514 17,409 Specialty Products 8,895 4,303 9,217 4,447 Other 18,335 10,414 18,014 10,391 Total 472,693 204,692 495,062 216,552 |
Asset Retirement Obligations | The following table summarizes the activity in the liability for asset retirement obligations: (millions of dollars) 2022 2021 2020 Balance at January 1 10,630 11,247 11,280 Accretion expense and other provisions 744 548 584 Reduction due to property sales (328) (1,002) (77) Payments made (518) (444) (669) Liabilities incurred 119 42 26 Foreign currency translation (330) (147) 239 Revisions 174 386 (136) Balance at December 31 10,491 10,630 11,247 |
Accounting For Suspended Expl_2
Accounting For Suspended Exploratory Well Costs (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Capitalized Exploratory Well Costs [Abstract] | |
Change In Capitalized Suspended Exploratory Well Costs | Change in capitalized suspended exploratory well costs (millions of dollars) 2022 2021 2020 Balance beginning at January 1 4,120 4,382 4,613 Additions pending the determination of proved reserves 378 420 208 Charged to expense (259) (325) (318) Reclassifications to wells, facilities and equipment based on the determination of proved reserves (142) (328) (174) Divestments/Other (585) (29) 53 Ending balance at December 31 3,512 4,120 4,382 Ending balance attributed to equity companies included above 306 306 306 |
Period End Capitalized Suspended Exploratory Well Costs | Period-end capitalized suspended exploratory well costs (millions of dollars) 2022 2021 2020 Capitalized for a period of one year or less 378 420 208 Capitalized for a period of between one and five years 969 1,642 1,828 Capitalized for a period of between five and ten years 1,410 1,657 1,932 Capitalized for a period of greater than ten years 755 401 414 Capitalized for a period greater than one year - subtotal 3,134 3,700 4,174 Total 3,512 4,120 4,382 |
Number Of Projects With Suspended Exploratory Well Costs | 2022 2021 2020 Number of projects that only have exploratory well costs capitalized for a period of one year or less 10 4 3 Number of projects that have exploratory well costs capitalized for a period greater than one year 26 30 34 Total 36 34 37 |
Additional Detail For Projects With Completed Exploratory Activity Progressing Toward Development | The table below provides additional detail for those 15 projects, which total $2,324 million. Country/Project December 31, 2022 Years Wells Drilled / Acquired Comment (millions of dollars) Angola Block 32 Central NE Hub 66 2007 - 2021 Evaluating development plan for tieback to existing infrastructure. Argentina La Invernada 72 2014 Evaluating development plan to tie into planned infrastructure. Australia Gorgon Area Ullage 305 1994 - 2015 Evaluating development plans to tie into existing LNG facilities. Canada Hibernia North 24 2019 Awaiting capacity in existing/planned infrastructure. Guyana Uaru 117 2017 - 2021 Continuing discussions with the government regarding development plan. Kazakhstan Kairan 53 2004 - 2007 Evaluating commercialization and field development alternatives, while continuing discussions with the government regarding the development plan. Mozambique Rovuma LNG Future Non-Straddling Train 120 2017 Evaluating/progressing development plan to tie into planned LNG facilities. Rovuma LNG Phase 1 150 2017 Progressing development plan to tie into planned LNG facilities. Rovuma LNG Unitized Trains 35 2017 Evaluating/progressing development plan to tie into planned LNG facilities. Nigeria Bonga North 34 2004 - 2009 Evaluating/progressing development plan for tieback to existing/planned infrastructure. Papua New Guinea Muruk 165 2017 - 2019 Evaluating/progressing development plans. Papua LNG 246 2017 Evaluating/progressing development plans. P'nyang 116 2012 - 2018 Evaluating/progressing development plans. Tanzania Block 2 525 2012 - 2015 Evaluating development alternatives, while continuing discussions with the government regarding development plan. Vietnam Blue Whale 296 2011 - 2015 Evaluating/progressing development plans. Total 2022 (15 projects) 2,324 |
Leases (Tables)
Leases (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Lessee Disclosure [Abstract] | |
Lease Cost | Lease Cost (millions of dollars) Operating Leases Finance Leases 2022 2021 2020 2022 2021 2020 Operating lease cost 1,776 1,542 1,553 Short-term and other (net of sublease rental income) 1,389 1,351 1,613 Amortization of right of use assets 243 133 143 Interest on lease liabilities 210 158 169 Total (1) 3,165 2,893 3,166 453 291 312 (1) Includes $908 million, $681 million and $827 million for drilling rigs and related equipment operating leases in 2022, 2021, and 2020, respectively. |
Right Of Use Assets And Lease Liabilities | Balance Sheet (millions of dollars) Operating Leases Finance Leases December 31, 2022 December 31, 2021 December 31, 2022 December 31, 2021 Right of use assets Included in Other assets, including intangibles - net 6,451 6,082 Included in Property, plant and equipment - net 2,090 2,412 Total right of use assets 6,451 6,082 2,090 2,412 Lease liability due within one year Included in Accounts payable and accrued liabilities 1,527 1,367 5 4 Included in Notes and loans payable 69 111 Long-term lease liability Included in Other long-term obligations 4,067 3,823 Included in Long-term debt 1,389 1,761 Included in Long-term obligations to equity companies 126 131 Total lease liability (2) 5,594 5,190 1,589 2,007 Weighted-average remaining lease term (years) 9 10 22 20 Weighted-average discount rate (percent) 2.4 % 2.3 % 8.0 % 7.7 % (2) Includes $1,646 million and $935 million for drilling rigs and related equipment operating leases in 2022 and 2021, respectively. |
Maturity Analysis of Operating Leases | Maturity Analysis of Lease Liabilities (millions of dollars) Operating Leases Finance Leases December 31, 2022 2023 1,623 195 2024 1,231 193 2025 914 187 2026 401 184 2027 334 176 2028 and beyond 1,861 1,960 Total lease payments 6,364 2,895 Discount to present value (770) (1,306) Total lease liability 5,594 1,589 |
Maturity Analysis of Finance Leases | Maturity Analysis of Lease Liabilities (millions of dollars) Operating Leases Finance Leases December 31, 2022 2023 1,623 195 2024 1,231 193 2025 914 187 2026 401 184 2027 334 176 2028 and beyond 1,861 1,960 Total lease payments 6,364 2,895 Discount to present value (770) (1,306) Total lease liability 5,594 1,589 |
Operating And Finance Leases Other Information | Other Information (millions of dollars) Operating Leases Finance Leases 2022 2021 2020 2022 2021 2020 Cash paid for amounts included in the measurement of lease liabilities Cash flows from operating activities 1,119 1,135 1,159 20 20 31 Cash flows from investing activities 500 291 283 Cash flows from financing activities 149 110 94 Noncash right of use assets recorded for lease liabilities In exchange for lease liabilities during the period 1,997 1,405 735 73 200 108 |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Earnings Per Share [Abstract] | |
Earnings Per Share Computation | Earnings per common share 2022 2021 2020 Net income (loss) attributable to ExxonMobil (millions of dollars) 55,740 23,040 (22,440) Weighted-average number of common shares outstanding (millions of shares) 4,205 4,275 4,271 Earnings (loss) per common share (dollars) (1) 13.26 5.39 (5.25) Dividends paid per common share (dollars) 3.55 3.49 3.48 (1) The earnings (loss) per common share and earnings (loss) per common share - assuming dilution are the same in each period shown. |
Financial Instruments and Der_2
Financial Instruments and Derivatives (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Financial Instruments And Derivatives [Abstract] | |
Financial Instruments | The estimated fair value of financial instruments and derivatives at December 31, 2022 and December 31, 2021, and the related hierarchy level for the fair value measurement was as follows: December 31, 2022 Fair Value (millions of dollars) Level 1 Level 2 Level 3 Total Gross Assets & Liabilities Effect of Counterparty Netting Effect of Collateral Netting Difference in Carrying Value and Fair Value Net Carrying Value Assets Derivative assets (1) 4,309 3,455 — 7,764 (5,778) (969) — 1,017 Advances to/receivables from equity companies (2)(6) — 2,406 4,958 7,364 — — 685 8,049 Other long-term financial assets (3) 1,208 — 1,413 2,621 — — 346 2,967 Liabilities Derivative liabilities (4) 3,417 3,264 — 6,681 (5,778) (79) — 824 Long-term debt (5) 33,112 1,880 6 34,998 — — 4,173 39,171 Long-term obligations to equity companies (6) — — 2,467 2,467 — — (129) 2,338 Other long-term financial liabilities (7) — — 679 679 — — 38 717 December 31, 2021 Fair Value (millions of dollars) Level 1 Level 2 Level 3 Total Gross Assets & Liabilities Effect of Counterparty Netting Effect of Collateral Netting Difference in Carrying Value and Fair Value Net Carrying Value Assets Derivative assets (1) 1,422 1,523 — 2,945 (1,930) (28) — 987 Advances to/receivables from equity companies (2)(6) — 3,076 5,373 8,449 — — (123) 8,326 Other long-term financial assets (3) 1,134 — 1,058 2,192 — — 181 2,373 Liabilities Derivative liabilities (4) 1,701 2,594 — 4,295 (1,930) (306) — 2,059 Long-term debt (5) 44,454 88 3 44,545 — — (2,878) 41,667 Long-term obligations to equity companies (6) — — 3,084 3,084 — — (227) 2,857 Other long-term financial liabilities (7) — — 902 902 — — 58 960 (1) Included in the Balance Sheet lines: Notes and accounts receivable - net and Other assets, including intangibles - net. (2) Included in the Balance Sheet line: Investments, advances and long-term receivables. (3) Included in the Balance Sheet lines: Investments, advances and long-term receivables and Other assets, including intangibles - net. (4) Included in the Balance Sheet lines: Accounts payable and accrued liabilities and Other long-term obligations. (5) Excluding finance lease obligations. (6) Advances to/receivables from equity companies and long-term obligations to equity companies are mainly designated as hierarchy level 3 inputs. The fair value is calculated by discounting the remaining obligations by a rate consistent with the credit quality and industry of the company. (7) Included in the Balance Sheet line: Other long-term obligations. Includes contingent consideration related to a prior year acquisition where fair value is based on expected drilling activities and discount rates. . |
Schedule of Notional Amounts of Outstanding Derivative Positions | The net notional long/(short) position of derivative instruments at December 31, 2022 and December 31, 2021, was as follows: (millions) December 31, December 31, 2022 2021 Crude oil (barrels) 4 82 Petroleum products (barrels) (52) (48) Natural gas (MMBTUs) (64) (115) |
Derivative Instruments - Before-Tax Realized and Unrealized Gains / (Losses) | Realized and unrealized gains/(losses) on derivative instruments that were recognized in the Consolidated Statement of Income are included in the following lines on a before-tax basis: (millions of dollars) 2022 2021 2020 Sales and other operating revenue (1,763) (3,818) 404 Crude oil and product purchases 314 48 (407) Total (1,449) (3,770) (3) |
Long-Term Debt (Tables)
Long-Term Debt (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Long-Term Debt, Unclassified [Abstract] | |
Summarized Long-Term Debt | Summarized long-term debt at year-end 2022 and 2021 are shown in the table below: (millions of dollars, except where stated otherwise) Average Rate (1) Dec 31, 2022 Dec 31, 2021 Exxon Mobil Corporation (2) 1.571% notes due 2023 — 2,750 2.726% notes due 2023 — 1,250 3.176% notes due 2024 1,000 1,000 2.019% notes due 2024 1,000 1,000 2.709% notes due 2025 1,750 1,750 2.992% notes due 2025 2,781 2,794 3.043% notes due 2026 2,500 2,500 2.275% notes due 2026 1,000 1,000 3.294% notes due 2027 1,000 1,000 2.440% notes due 2029 1,250 1,250 3.482% notes due 2030 2,000 2,000 2.610% notes due 2030 2,000 2,000 2.995% notes due 2039 750 750 4.227% notes due 2040 2,084 2,087 3.567% notes due 2045 1,000 1,000 4.114% notes due 2046 2,500 2,500 3.095% notes due 2049 1,500 1,500 4.327% notes due 2050 2,750 2,750 3.452% notes due 2051 2,750 2,750 Exxon Mobil Corporation - Euro-denominated 0.142% notes due 2024 1,600 1,698 0.524% notes due 2028 1,066 1,133 0.835% notes due 2032 1,066 1,133 1.408% notes due 2039 1,066 1,133 XTO Energy Inc. (3) 6.100% senior notes due 2036 189 191 6.750% senior notes due 2037 289 291 6.375% senior notes due 2038 224 226 Industrial revenue bonds due 2022-2051 1.000% 2,245 2,244 Finance leases & other obligations 5.856% 3,299 1,862 Debt issuance costs (100) (114) Total long-term debt 40,559 43,428 (1) Average effective or imputed interest rates at December 31, 2022. (2) Includes premiums of $115 million in 2022 and $131 million in 2021. (3) Includes premiums of $76 million in 2022 and $82 million in 2021. |
Incentive Program (Tables)
Incentive Program (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Share-Based Payment Arrangement [Abstract] | |
Summary Of Restricted Stock And Units Outstanding | The following tables summarize information about restricted stock and restricted stock units for the year ended December 31, 2022. Restricted stock and units outstanding 2022 Shares Weighted-Average (thousands) (dollars) Issued and outstanding at January 1 38,922 70.38 Awards issued in 2022 8,222 63.49 Vested (9,235) 76.31 Forfeited (336) 63.67 Issued and outstanding at December 31 37,573 67.47 |
Grant Value Of Restricted Stock Units | Value of restricted stock units 2022 2021 2020 Grant price (dollars) 110.46 62.76 41.15 Value at date of grant: (millions of dollars) Units settled in stock 931 461 325 Units settled in cash 106 49 32 Total value 1,037 510 357 |
Litigation And Other Continge_2
Litigation And Other Contingencies (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Loss Contingency [Abstract] | |
Schedule Of Guarantees | December 31, 2022 (millions of dollars) Equity Company Obligations (1) Other Third-Party Obligations Total Guarantees Debt-related 1,206 152 1,358 Other 728 5,374 6,102 Total 1,934 5,526 7,460 (1) ExxonMobil share. |
Pension And Other Postretirem_2
Pension And Other Postretirement Benefits (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Retirement Benefits [Abstract] | |
Change In Benefit Obligation Of Pension And Other Postretirement Benefits | Pension Benefits Other Postretirement Benefits (millions of dollars, except where stated otherwise) U.S. Non-U.S. 2022 2021 2022 2021 2022 2021 Weighted-average assumptions used to determine benefit obligations at December 31 Discount rate (percent) 5.60 3.00 4.90 2.20 5.60 3.10 Long-term rate of compensation increase (percent) 4.50 4.50 5.20 4.20 4.50 4.50 Change in benefit obligation Benefit obligation at January 1 18,511 21,662 29,492 33,626 7,265 8,135 Service cost 712 919 570 774 138 188 Interest cost 518 558 614 526 216 221 Actuarial loss/(gain) (1) (4,432) (747) (7,742) (2,803) (1,990) (881) Benefits paid (2)(3) (2,959) (3,810) (1,415) (1,550) (492) (517) Foreign exchange rate changes — — (2,258) (1,162) (47) 3 Amendments, divestments and other — (71) 81 81 121 116 Benefit obligation at December 31 12,350 18,511 19,342 29,492 5,211 7,265 Accumulated benefit obligation at December 31 10,367 15,781 18,047 27,373 — — (1) Actuarial loss/(gain) primarily reflects higher discount rates. (2) Benefit payments for funded and unfunded plans. (3) For 2022 and 2021, other postretirement benefits paid are net of $24 million and $9 million of Medicare subsidy receipts, respectively. |
Change In Plan Assets Of Pension And Other Postretirement Benefits | Pension Benefits Other Postretirement Benefits (millions of dollars) U.S. Non-U.S. 2022 2021 2022 2021 2022 2021 Change in plan assets Fair value at January 1 13,266 15,300 24,880 26,216 440 446 Actual return on plan assets (3,265) 479 (5,287) 571 (66) 20 Foreign exchange rate changes — — (2,012) (605) — — Company contribution 3,596 794 655 293 27 28 Benefits paid (1) (2,608) (3,307) (1,070) (1,167) (53) (54) Other — — (409) (428) — — Fair value at December 31 10,989 13,266 16,757 24,880 348 440 (1) Benefit payments for funded plans. |
Summary Of Assets In Excess Of/(Less Than) Benefit Obligation | Pension Benefits (millions of dollars) U.S. Non-U.S. 2022 2021 2022 2021 Assets in excess of/(less than) benefit obligation Balance at December 31 Funded plans (23) (3,570) 1,019 554 Unfunded plans (1,338) (1,675) (3,604) (5,166) Total (1,361) (5,245) (2,585) (4,612) |
Amounts Recorded In Balance Sheet And Other Comprehensive Income | Pension Benefits Other Postretirement Benefits (millions of dollars) U.S. Non-U.S. 2022 2021 2022 2021 2022 2021 Assets in excess of/(less than) benefit obligation Balance at December 31 (1) (1,361) (5,245) (2,585) (4,612) (4,863) (6,825) Amounts recorded in the consolidated balance sheet consist of: Other assets — — 1,962 2,544 — — Current liabilities (168) (206) (254) (267) (304) (323) Postretirement benefits reserves (1,193) (5,039) (4,293) (6,889) (4,559) (6,502) Total recorded (1,361) (5,245) (2,585) (4,612) (4,863) (6,825) Amounts recorded in accumulated other comprehensive income consist of: Net actuarial loss/(gain) 897 1,865 846 2,841 (1,726) 197 Prior service cost (295) (324) 278 262 (190) (232) Total recorded in accumulated other comprehensive income 602 1,541 1,124 3,103 (1,916) (35) (1) Fair value of assets less benefit obligation shown on the preceding page. |
Schedule Of Assumptions, Components Of Benefit Cost And Amounts Recorded In Accumulated Other Comprehensive Income For Pension And Other Postretirement Benefits | Pension Benefits Other Postretirement (millions of dollars, except where stated otherwise) U.S. Non-U.S. 2022 2021 2020 2022 2021 2020 2022 2021 2020 Weighted-average assumptions used to determine net periodic benefit cost for years ended December 31 Discount rate (percent) 3.00 2.80 3.50 2.20 1.60 2.30 3.10 2.80 3.50 Long-term rate of return on funded assets (percent) 4.60 5.30 5.30 3.50 4.10 4.10 3.80 4.60 4.60 Long-term rate of compensation increase (percent) 4.50 5.50 5.75 4.20 4.20 4.80 4.50 5.50 5.75 Components of net periodic benefit cost Service cost 712 919 965 570 774 707 138 188 181 Interest cost 518 558 708 614 526 657 216 221 277 Expected return on plan assets (560) (722) (703) (815) (1,031) (897) (14) (19) (18) Amortization of actuarial loss/(gain) 156 244 310 180 420 416 6 76 95 Amortization of prior service cost (29) (23) 5 43 57 68 (42) (42) (42) Net pension enhancement and curtailment/settlement cost 205 489 280 4 32 49 — — — Net periodic benefit cost 1,002 1,465 1,565 596 778 1,000 304 424 493 Changes in amounts recorded in accumulated other comprehensive income: Net actuarial loss/(gain) (607) (504) (279) (1,641) (2,361) 446 (1,910) (891) (92) Amortization of actuarial (loss)/gain (361) (733) (590) (183) (430) (442) (6) (76) (95) Prior service cost/(credit) — (72) (271) 84 92 (82) — — — Amortization of prior service (cost)/credit 29 23 (5) (40) (55) (68) 42 42 42 Foreign exchange rate changes — — — (199) (255) 236 (7) — 11 Total recorded in other comprehensive income (939) (1,286) (1,145) (1,979) (3,009) 90 (1,881) (925) (134) Total recorded in net periodic benefit cost and other comprehensive income, before tax 63 179 420 (1,383) (2,231) 1,090 (1,577) (501) 359 |
Summary Of Change In Accumulated Other Comprehensive Income | A summary of the change in accumulated other comprehensive income is shown in the table below: Total Pension and Other Postretirement Benefits (millions of dollars) 2022 2021 2020 (Charge)/credit to other comprehensive income, before tax U.S. pension 939 1,286 1,145 Non-U.S. pension 1,979 3,009 (90) Other postretirement benefits 1,881 925 134 Total (charge)/credit to other comprehensive income, before tax 4,799 5,220 1,189 (Charge)/credit to income tax (see Note 4) (1,236) (1,287) (153) (Charge)/credit to investment in equity companies 235 110 (110) (Charge)/credit to other comprehensive income including noncontrolling interests, after tax 3,798 4,043 926 Charge/(credit) to equity of noncontrolling interests (212) (217) 30 (Charge)/credit to other comprehensive income attributable to ExxonMobil 3,586 3,826 956 |
Fair Value Of The Benefit Plan Assets (Pension) | The 2022 fair value of the benefit plan assets, including the level within the fair value hierarchy, is shown in the tables below: U.S. Pension Non-U.S. Pension (millions of dollars) Fair Value Measurement at December 31, 2022, Using: Fair Value Measurement at December 31, 2022, Using: Level 1 Level 2 Level 3 Net Asset Value Total Level 1 Level 2 Level 3 Net Asset Value Total Asset category: Equity securities U.S. — — — 1,726 1,726 — — — 2,318 2,318 Non-U.S. — — — 1,131 1,131 61 (1) — — 1,676 1,737 Private equity — — — 506 506 — — — 472 472 Debt securities Corporate — 4,582 (2) — 1 4,583 — 63 (2) — 4,199 4,262 Government — 2,869 (2) — 2 2,871 202 (3) 144 (2) — 7,189 7,535 Asset-backed — — — 1 1 — 22 (2) — 185 207 Cash — — — 168 168 88 40 (4) — 77 205 Total at fair value — 7,451 — 3,535 10,986 351 269 — 16,116 16,736 Insurance contracts at contract value 3 21 Total plan assets 10,989 16,757 (1) For non-U.S. equity securities held in separate accounts, fair value is based on observable quoted prices on active exchanges. (2) For corporate, government and asset-backed debt securities, fair value is based on observable inputs of comparable market transactions. (3) For government debt securities that are traded on active exchanges, fair value is based on observable quoted prices. (4) For cash balances that are subject to withdrawal penalties or other adjustments, the fair value is treated as a Level 2 input. The 2021 fair value of the benefit plan assets, including the level within the fair value hierarchy, is shown in the tables below: U.S. Pension Non-U.S. Pension (millions of dollars) Fair Value Measurement at December 31, 2021, Using: Fair Value Measurement at December 31, 2021, Using: Level 1 Level 2 Level 3 Net Asset Value Total Level 1 Level 2 Level 3 Net Asset Value Total Asset category: Equity securities U.S. — — — 1,956 1,956 — — — 3,416 3,416 Non-U.S. — — — 1,290 1,290 76 (1) — — 2,424 2,500 Private equity — — — 661 661 — — — 627 627 Debt securities Corporate — 5,242 (2) — 1 5,243 — 119 (2) — 5,831 5,950 Government — 3,945 (2) — 2 3,947 209 (3) 97 (2) — 11,620 11,926 Asset-backed — — — 1 1 — 25 (2) — 191 216 Cash — — — 162 162 62 53 (4) — 108 223 Total at fair value — 9,187 — 4,073 13,260 347 294 — 24,217 24,858 Insurance contracts at contract value 6 22 Total plan assets 13,266 24,880 (1) For non-U.S. equity securities held in separate accounts, fair value is based on observable quoted prices on active exchanges. (2) For corporate, government and asset-backed debt securities, fair value is based on observable inputs of comparable market transactions. (3) For government debt securities that are traded on active exchanges, fair value is based on observable quoted prices. (4) For cash balances that are subject to withdrawal penalties or other adjustments, the fair value is treated as a Level 2 input. |
Fair Value Of The Benefit Plan Assets (Other Postretirement) | Other Postretirement (millions of dollars) Fair Value Measurement at December 31, 2022, Using: Level 1 Level 2 Level 3 Net Asset Value Total Asset category: Equity securities U.S. 70 (1) — — — 70 Non-U.S. 37 (1) — — — 37 Debt securities Corporate — 59 (2) — — 59 Government — 175 (2) — — 175 Asset-backed — 4 (2) — — 4 Cash — 3 — — 3 Total at fair value 107 241 — — 348 (1) For equity securities held in separate accounts, fair value is based on observable quoted prices on active exchanges. (2) For corporate, government and asset-backed debt securities, fair value is based on observable inputs of comparable market transactions. Other Postretirement (millions of dollars) Fair Value Measurement at December 31, 2021, Using: Level 1 Level 2 Level 3 Net Asset Value Total Asset category: Equity securities U.S. 91 (1) — — — 91 Non-U.S. 45 (1) — — — 45 Debt securities Corporate — 95 (2) — — 95 Government — 206 (2) — — 206 Asset-backed — — — — — Cash — 3 — — 3 Total at fair value 136 304 — — 440 (1) For equity securities held in separate accounts, fair value is based on observable quoted prices on active exchanges. (2) For corporate, government and asset-backed debt securities, fair value is based on observable inputs of comparable market transactions. |
Pension Plans With Accumulated Benefit Obligation In Excess Of Plan Assets | A summary of pension plans with an accumulated benefit obligation and projected benefit obligation in excess of plan assets is shown in the table below: Pension Benefits (millions of dollars) U.S. Non-U.S. 2022 2021 2022 2021 For funded pension plans with an accumulated benefit obligation in excess of plan assets: Accumulated benefit obligation — 14,511 1,098 3,108 Fair value of plan assets — 13,266 400 1,711 For funded pension plans with a projected benefit obligation in excess of plan assets: Projected benefit obligation 11,012 16,836 1,956 4,840 Fair value of plan assets 10,989 13,266 1,012 2,849 For unfunded pension plans: Projected benefit obligation 1,338 1,675 3,604 5,166 Accumulated benefit obligation 1,045 1,270 3,261 4,685 |
Expected Contributions and Benefit Payments for Pension Benefits And Other Postretirement Benefits | Pension Benefits Other Postretirement Benefits (millions of dollars) U.S. Non-U.S. Gross Medicare Subsidy Receipt Contributions expected in 2023 — 570 — — Benefit payments expected in: 2023 956 1,149 399 21 2024 963 1,140 395 22 2025 985 1,123 391 23 2026 1,009 1,109 385 24 2027 1,024 1,154 382 24 2028 - 2032 5,430 5,978 1,930 128 |
Disclosures About Segments An_2
Disclosures About Segments And Related Information (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Segment Reporting, Measurement Disclosures [Abstract] | |
Disclosures About Segments And Related Information | (millions of dollars) Upstream Energy Products Chemical Products Specialty Products Corporate and Financing Corporate 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, 2022 Earnings (loss) after income tax 11,728 24,751 8,340 6,626 2,328 1,215 1,190 1,225 (1,663) 55,740 Earnings of equity companies included above 411 10,133 126 322 91 771 — (23) (368) 11,463 Sales and other operating revenue 14,579 30,585 117,824 188,153 10,670 16,949 6,152 13,727 36 398,675 Intersegment revenue 25,658 46,076 29,001 36,894 9,081 5,201 2,587 825 241 — Depreciation and depletion expense 5,791 14,013 741 1,246 542 446 95 193 973 24,040 Interest revenue — — — — — — — — 446 446 Interest expense 51 38 1 7 — 1 — 1 699 798 Income tax expense (benefit) 3,330 11,575 2,615 2,420 520 292 334 252 (1,162) 20,176 Additions to property, plant and equipment 5,940 6,441 1,141 964 1,026 1,692 37 200 897 18,338 Investments in equity companies 4,893 21,502 368 1,154 3,124 2,417 — 1,177 (113) 34,522 Total assets 66,695 139,764 31,729 41,836 17,342 15,875 2,839 8,316 44,671 369,067 As of December 31, 2021 Earnings (loss) after income tax 3,663 12,112 668 (1,014) 3,697 3,292 1,452 1,807 (2,636) 23,040 Earnings of equity companies included above 288 5,535 122 100 (139) 1,141 — (36) (354) 6,657 Sales and other operating revenue 8,883 12,914 78,500 130,406 11,995 16,633 4,858 12,473 30 276,692 Intersegment revenue 16,692 33,405 16,735 25,097 5,993 4,082 2,193 749 227 — Depreciation and depletion expense 6,831 9,918 700 1,036 505 450 97 195 875 20,607 Interest revenue — — — — — — — — 33 33 Interest expense 58 36 1 6 — 1 — 1 844 947 Income tax expense (benefit) 1,116 4,871 156 (165) 1,235 684 464 329 (1,054) 7,636 Additions to property, plant and equipment 3,308 5,308 979 874 538 712 28 136 658 12,541 Investments in equity companies 4,999 18,544 353 972 3,019 2,490 — 1,185 (337) 31,225 Total assets 67,294 141,978 26,932 37,698 16,695 14,555 2,878 8,030 22,863 338,923 As of December 31, 2020 Earnings (loss) after income tax (19,385) (645) (1,342) (1,230) 1,196 1,061 571 630 (3,296) (22,440) Effect of asset impairments - noncash (17,138) (2,287) (15) (412) (100) (21) — (245) (35) (20,253) Earnings of equity companies included above (559) 2,101 134 (192) (21) 750 — (97) (384) 1,732 Sales and other operating revenue 5,876 8,673 46,401 86,966 6,391 11,243 3,993 8,993 38 178,574 Intersegment revenue 8,508 19,642 9,847 13,417 4,313 2,191 1,620 361 221 — Depreciation and depletion expense 28,627 12,723 693 1,508 607 461 101 397 892 46,009 Interest revenue — — — — — — — — 49 49 Interest expense 52 93 1 20 — — — 1 991 1,158 Income tax expense (benefit) (5,958) 742 (493) 89 421 277 188 299 (1,197) (5,632) Additions to property, plant and equipment 5,726 4,418 2,937 1,446 1,158 546 109 331 671 17,342 Investments in equity companies 4,792 18,135 352 952 2,543 2,413 — 1,028 (443) 29,772 Total assets 71,287 144,730 23,192 33,566 15,529 13,653 2,872 7,849 20,072 332,750 Due to rounding, numbers presented may not add up precisely to the totals indicated. |
Disaggregation of Revenue | Sales and other operating revenue (millions of dollars) 2022 2021 2020 Revenue from contracts with customers 304,758 228,968 153,478 Revenue outside the scope of ASC 606 93,917 47,724 25,096 Total 398,675 276,692 178,574 |
Geographic Sales And Other Operating Revenue | Sales and other operating revenue (millions of dollars) 2022 2021 2020 United States 149,225 104,236 62,663 Non-U.S. 249,450 172,456 115,911 Total 398,675 276,692 178,574 Significant non-U.S. revenue sources include: (1) United Kingdom 33,988 14,759 11,055 Canada 32,970 22,166 13,093 Singapore 19,029 15,031 9,442 France 17,727 13,236 8,676 Italy 11,496 10,056 7,091 Australia 11,316 7,646 5,839 Belgium 11,279 9,153 6,231 (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. |
Schedule Of Long-Lived Assets By Geographic Regions | Long-lived assets (millions of dollars) December 31, 2022 2021 2020 United States 90,051 90,412 94,732 Non-U.S. 114,641 126,140 132,821 Total 204,692 216,552 227,553 Significant non-U.S. long-lived assets include: Canada 31,106 34,907 36,232 Singapore 11,972 11,969 12,129 Australia 11,372 12,988 14,792 Kazakhstan 8,172 8,463 8,882 Papua New Guinea 7,338 7,534 7,803 Guyana 6,766 4,892 3,547 United Arab Emirates 5,448 5,392 5,381 Nigeria 4,090 5,235 6,345 Brazil 3,649 4,337 3,281 Angola 2,793 3,207 4,405 Russia — 4,055 4,616 |
Income And Other Taxes (Tables)
Income And Other Taxes (Tables) | 12 Months Ended |
Dec. 31, 2022 | |
Income And Other Taxes [Abstract] | |
Schedule Of Income And Other Taxes | Income tax expense (benefit) (millions of dollars) 2022 2021 2020 U.S. Non-U.S. Total U.S. Non-U.S. Total U.S. Non-U.S. Total Federal and non-U.S. Current 696 15,071 15,767 236 6,948 7,184 262 2,908 3,170 Deferred - net 4,122 (539) 3,583 870 (914) (44) (6,045) (2,007) (8,052) U.S. tax on non-U.S. operations 65 — 65 26 — 26 13 — 13 Total federal and non-U.S. 4,883 14,532 19,415 1,132 6,034 7,166 (5,770) 901 (4,869) State 761 — 761 470 — 470 (763) — (763) Total income tax expense (benefit) 5,644 14,532 20,176 1,602 6,034 7,636 (6,533) 901 (5,632) All other taxes and duties Other taxes and duties 4,087 23,832 27,919 3,731 26,508 30,239 3,108 23,014 26,122 Included in production and manufacturing expenses 2,204 862 3,066 1,589 674 2,263 1,148 663 1,811 Included in SG&A expenses 151 319 470 170 283 453 164 328 492 Total other taxes and duties 6,442 25,013 31,455 5,490 27,465 32,955 4,420 24,005 28,425 Total 12,086 39,545 51,631 7,092 33,499 40,591 (2,113) 24,906 22,793 |
Reconciliation Between Income Tax Expense And A Theoretical U.S. Tax | The reconciliation between income tax expense (credit) and a theoretical U.S. tax computed by applying a rate of 21 percent for 2022, 2021, and 2020 is as follows: (millions of dollars) 2022 2021 2020 Income (loss) before income taxes United States 28,281 9,478 (27,704) Non-U.S. 49,472 21,756 (1,179) Total 77,753 31,234 (28,883) Theoretical tax 16,328 6,559 (6,065) Effect of equity method of accounting (2,407) (1,398) (364) Non-U.S. taxes in excess of/(less than) theoretical U.S. tax (1)(2) 6,423 2,809 1,606 State taxes, net of federal tax benefit (1) 601 371 (603) Other (769) (705) (206) Total income tax expense (credit) 20,176 7,636 (5,632) Effective tax rate calculation Income tax expense (credit) 20,176 7,636 (5,632) ExxonMobil share of equity company income taxes 7,594 2,756 861 Total income tax expense (credit) 27,770 10,392 (4,771) Net income (loss) including noncontrolling interests 57,577 23,598 (23,251) Total income (loss) before taxes 85,347 33,990 (28,022) Effective income tax rate 33% 31% 17% (1) 2020 includes the impact of an increase in valuation allowance of $647 million in non-U.S. and $115 million in U.S. state jurisdictions. (2) 2022 includes the impact of the additional European taxes on the energy sector of $1,825 million. |
Deferred Tax Liabilities/(Assets) | Deferred tax liabilities/(assets) are comprised of the following at December 31: Tax effects of temporary differences for: (millions of dollars) 2022 2021 Property, plant and equipment 25,607 27,888 Other liabilities 7,401 6,353 Total deferred tax liabilities 33,008 34,241 Pension and other postretirement benefits (1,754) (3,687) Asset retirement obligations (3,045) (2,865) Tax loss carryforwards (4,862) (6,914) Other assets (6,948) (7,694) Total deferred tax assets (16,609) (21,160) Asset valuation allowances 2,650 2,634 Net deferred tax liabilities 19,049 15,715 |
Deferred Income Tax (Assets) And Liabilities By Balance Sheet Classification | Balance sheet classification (millions of dollars) 2022 2021 Other assets, including intangibles, net (3,825) (4,450) Deferred income tax liabilities 22,874 20,165 Net deferred tax liabilities 19,049 15,715 |
Unrecognized Tax Benefits | The following table summarizes the movement in unrecognized tax benefits: Gross unrecognized tax benefits (millions of dollars) 2022 2021 2020 Balance at January 1 9,130 8,764 8,844 Additions based on current year's tax positions 539 358 253 Additions for prior years' tax positions 294 100 218 Reductions for prior years' tax positions (6,243) (79) (201) Reductions due to lapse of the statute of limitations (16) (2) (237) Settlements with tax authorities (277) (11) (113) Foreign exchange effects/other (29) — — Balance at December 31 3,398 9,130 8,764 |
Remaining Tax Years Subject To Examination By Major Tax Jurisdiction | The following table summarizes the tax years that remain subject to examination by major tax jurisdiction: Country of Operation Open Tax Years Abu Dhabi 2021 — 2022 Angola 2018 — 2022 Australia 2010 — 2022 Belgium 2017 — 2022 Canada 2001 — 2022 Equatorial Guinea 2009 — 2022 Indonesia 2008 — 2022 Iraq 2017 — 2022 Malaysia 2018 — 2022 Nigeria 2006 — 2022 Papua New Guinea 2008 — 2022 United Kingdom 2015 — 2022 United States 2010 — 2022 |
Summary Of Accounting Policie_2
Summary Of Accounting Policies (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Investments in refinery, chemical process, and lubes basestock manufacturing equipment | |
Property, Plant and Equipment [Line Items] | |
Property, plant and equipment, useful life | 25 years |
Service station buildings and fixed improvements | |
Property, Plant and Equipment [Line Items] | |
Property, plant and equipment, useful life | 20 years |
Russia (Details)
Russia (Details) Boe in Millions, $ in Millions | 3 Months Ended | 12 Months Ended |
Dec. 31, 2022 USD ($) | Dec. 31, 2022 USD ($) Boe | |
Schedule of Impaired Long-Lived Assets Held and Used And Impact Of Expropriation [Line Items] | ||
Impact of expropriation (after-tax) benefit | $ 1,100 | |
Sakhalin -1 [Member] | ||
Schedule of Impaired Long-Lived Assets Held and Used And Impact Of Expropriation [Line Items] | ||
Asset impairment charges after tax | $ 3,400 | |
Asset impairment charges, before-tax | $ 4,600 | |
Proved developed and undeveloped reserves disqualified exit from operations | Boe | 150 |
Miscellaneous Financial Infor_3
Miscellaneous Financial Information (Narrative) (Details) - USD ($) | 3 Months Ended | 12 Months Ended | ||
Mar. 31, 2020 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||||
Research and development expense | $ 824,000,000 | $ 843,000,000 | $ 1,016,000,000 | |
Foreign currency transaction gain/(loss), before tax | (218,000,000) | (18,000,000) | (24,000,000) | |
Gains/(losses) on combined effects of LIFO inventory accumulations and draw-downs | 367,000,000 | 54,000,000 | 41,000,000 | |
Aggregate replacement cost of inventories estimated to exceed LIFO carrying values | 14,900,000,000 | 14,000,000,000 | ||
Before-tax goodwill impairment charges | $ 611,000,000 | |||
Restructuring charges, workforce reduction programs, before-tax | $ 0 | $ 58,000,000 | 450,000,000 | |
Restructuring reserve | $ 403,000,000 |
Miscellaneous Financial Infor_4
Miscellaneous Financial Information (Crude Oil, Products And Merchandise) (Details) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Crude oil | $ 6,909 | $ 4,162 |
Petroleum products | 6,291 | 5,081 |
Chemical products | 3,806 | 3,354 |
Gas/other | 3,428 | 1,922 |
Total | $ 20,434 | $ 14,519 |
Miscellaneous Financial Infor_5
Miscellaneous Financial Information (Government Assistance Narrative) (Details) $ in Billions | 12 Months Ended |
Dec. 31, 2022 USD ($) | |
Government Assistance [Line Items] | |
Government Assistance, Statement of Income or Comprehensive Income [Extensible Enumeration] | Crude oil and product purchases |
Government Assistance, Affordable Fuel Pricing | |
Government Assistance [Line Items] | |
Government assistance, amount - before tax amount | $ 1.5 |
Government assistance, receivable | $ 0.5 |
Other Comprehensive Income In_3
Other Comprehensive Income Information (Schedule of Accumulated Other Comprehensive Income Information) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Cumulative Translation Adjustment Summary [Roll Forward] | |||
Current period change excluding amounts reclassified from accumulated other comprehensive income | $ (3,482) | $ (872) | $ 1,916 |
Amounts reclassified from accumulated other comprehensive income | 0 | (2) | 14 |
Postretirement Benefits Reserves Adjustment [Roll Forward] | |||
Current period change excluding amounts reclassified from accumulated other comprehensive income | 3,395 | 3,118 | 30 |
Amounts reclassified from accumulated other comprehensive income | 403 | 925 | 896 |
Accumulated Other Comprehensive Income [Roll Forward] | |||
Balance at beginning of period | (13,764) | ||
Balance at end of period | (13,270) | (13,764) | |
Exxon Mobil Corporation Share After Noncontrolling Interest [Member] | |||
Cumulative Translation Adjustment Summary [Roll Forward] | |||
Balance at beginning of period | (11,499) | (10,614) | (12,446) |
Current period change excluding amounts reclassified from accumulated other comprehensive income | (3,092) | (883) | 1,818 |
Amounts reclassified from accumulated other comprehensive income | 0 | (2) | 14 |
Total change in accumulated other comprehensive income | (3,092) | (885) | 1,832 |
Balance at end of period | (14,591) | (11,499) | (10,614) |
Net investment hedge gain/(loss), net of taxes | 230 | 329 | |
Postretirement Benefits Reserves Adjustment [Roll Forward] | |||
Balance at beginning of period | (2,265) | (6,091) | (7,047) |
Current period change excluding amounts reclassified from accumulated other comprehensive income | 3,205 | 2,938 | 95 |
Amounts reclassified from accumulated other comprehensive income | 381 | 888 | 861 |
Total change in accumulated other comprehensive income | 3,586 | 3,826 | 956 |
Balance at end of period | 1,321 | (2,265) | (6,091) |
Accumulated Other Comprehensive Income [Roll Forward] | |||
Balance at beginning of period | (13,764) | (16,705) | (19,493) |
Current period change excluding amounts reclassified from accumulated other comprehensive income | 113 | 2,055 | 1,913 |
Amounts reclassified from accumulated other comprehensive income | 381 | 886 | 875 |
Total change in accumulated other comprehensive income | 494 | 2,941 | 2,788 |
Balance at end of period | $ (13,270) | $ (13,764) | $ (16,705) |
Other Comprehensive Income In_4
Other Comprehensive Income Information (Amounts Reclassified Out Of Acc Other Comp Income) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Other Comprehensive Income Information Before Tax [Abstract] | |||
Foreign exchange translation gain/(loss) included in net income (Statement of Income line: Other income) | $ 0 | $ 2 | $ (14) |
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs (Statement of Income line: Non-service pension and postretirement benefit expense) | $ (519) | $ (1,229) | $ (1,158) |
Other Comprehensive Income In_5
Other Comprehensive Income Information (Schedule Of Income Tax (Expense)/Credit For Components Of Other Comprehensive Income) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Other Comprehensive Income Information Tax [Abstract] | |||
Foreign exchange translation adjustment | $ 54 | $ (114) | $ 118 |
Postretirement benefits reserves adjustment (excluding amortization) | (1,120) | (983) | 109 |
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs | (116) | (304) | (262) |
Total | $ (1,182) | $ (1,401) | $ (35) |
Cash Flow Information (Cash Pay
Cash Flow Information (Cash Payments For Interest And Income Taxes) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Supplemental Cash Flow Information [Abstract] | |||
Income taxes paid | $ 15,364 | $ 5,341 | $ 2,428 |
Cash interest paid - Included in cash flows from operating activities | 666 | 819 | 786 |
Cash interest paid - capitalized, included in cash flows from investing activities | 838 | 655 | 665 |
Total cash interest paid | $ 1,504 | $ 1,474 | $ 1,451 |
Additional Working Capital In_3
Additional Working Capital Information (Schedule Of Notes, Accounts Receivable And Payable, Loans Payable, Accrued Liabilities) (Details) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Notes and accounts receivable | ||
Trade, less reserves of $168 million and $159 million | $ 32,844 | $ 26,883 |
Other, less reserves of $402 million and $381 million | 8,905 | 5,500 |
Total | 41,749 | 32,383 |
Trade notes and accounts receivable, reserves | 168 | 159 |
Other notes and accounts receivable, reserves | 402 | 381 |
Notes and loans payable | ||
Bank loans | 379 | 276 |
Commercial paper | 74 | 1,608 |
Long-term debt due within one year | 181 | 2,392 |
Total | 634 | 4,276 |
Accounts payable and accrued liabilities | ||
Trade payables | 33,169 | 26,623 |
Payables to equity companies | 14,585 | 8,885 |
Accrued taxes other than income taxes | 3,969 | 3,896 |
Other | 11,474 | 11,362 |
Total | $ 63,197 | $ 50,766 |
Additional Working Capital In_4
Additional Working Capital Information (Narrative) (Details) - USD ($) $ in Billions | Dec. 31, 2022 | Dec. 31, 2021 |
Line of Credit Facility [Line Items] | ||
Weighted-average interest rate on short-term borrowings outstanding | 1.50% | 0.20% |
Short Term Financing [Member] | ||
Line of Credit Facility [Line Items] | ||
Unused credit lines | $ 0.3 |
Equity Company Information (Nar
Equity Company Information (Narrative) (Details) - USD ($) $ in Billions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Equity Method Investment, Financial Statement, Reported Amounts [Abstract] | |||
Share of equity company revenues from sales to consolidated companies | 11% | 10% | 11% |
Upstream | |||
Schedule of Equity Method Investments [Line Items] | |||
Impairment related to equity method investments | $ 0.6 | $ 0.2 | $ 0.6 |
Equity Company Information (Sch
Equity Company Information (Schedule Of Equity Company Financial Summary) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Schedule of Equity Method Investments [Line Items] | |||
Total revenues | $ 413,680 | $ 285,640 | $ 181,502 |
Income from equity affiliates | 11,463 | 6,657 | 1,732 |
Current assets | 29,640 | 6,802 | |
Total Assets | 369,067 | 338,923 | 332,750 |
Current liabilities | 69,045 | 56,643 | |
Net assets | 34,522 | 31,225 | 29,772 |
ExxonMobil [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Income from equity affiliates | 11,676 | 6,515 | 1,960 |
Net assets | 33,431 | 29,775 | 28,254 |
Nonconsolidated Investees, Other | |||
Schedule of Equity Method Investments [Line Items] | |||
Income from equity affiliates | 38,401 | 24,132 | 8,410 |
Net assets | 114,994 | 103,966 | 98,897 |
Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Total revenues | 183,812 | 116,972 | 69,954 |
Income before income taxes | 61,550 | 35,142 | 12,743 |
Income taxes | 23,149 | 11,010 | 4,333 |
Current assets | 77,457 | 45,267 | 33,419 |
Long-term assets | 153,186 | 150,699 | 150,358 |
Total Assets | 230,643 | 195,966 | 183,777 |
Current liabilities | 53,640 | 28,862 | 18,827 |
Long-term liabilities | 62,009 | 63,138 | 66,053 |
ExxonMobil [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Total revenues | 57,528 | 34,995 | 21,282 |
Income before income taxes | 19,279 | 9,278 | 2,830 |
Income taxes | 7,603 | 2,763 | 870 |
Current assets | 24,994 | 15,542 | 11,969 |
Long-term assets | 42,921 | 41,614 | 41,457 |
Total Assets | 67,915 | 57,156 | 53,426 |
Current liabilities | 15,555 | 8,297 | 5,245 |
Long-term liabilities | $ 18,929 | $ 19,084 | $ 19,927 |
Equity Company Information (S_2
Equity Company Information (Schedule Of The Corporation's Percentage Ownership Interest) (Details) | Dec. 31, 2022 |
Upstream | Aera Energy LLC | |
Schedule of Equity Method Investments [Line Items] | |
Percentage Ownership Interest | 48% |
Upstream | Barzan Gas Company Limited | |
Schedule of Equity Method Investments [Line Items] | |
Percentage Ownership Interest | 7% |
Upstream | BEB Erdgas und Erdoel GmbH & Co. KG | |
Schedule of Equity Method Investments [Line Items] | |
Percentage Ownership Interest | 50% |
Upstream | Caspian Pipeline Consortium | |
Schedule of Equity Method Investments [Line Items] | |
Percentage Ownership Interest | 8% |
Upstream | Coral FLNG S.A. | |
Schedule of Equity Method Investments [Line Items] | |
Percentage Ownership Interest | 25% |
Upstream | Cross Timbers Energy LLC | |
Schedule of Equity Method Investments [Line Items] | |
Percentage Ownership Interest | 50% |
Upstream | GasTerra B.V. | |
Schedule of Equity Method Investments [Line Items] | |
Percentage Ownership Interest | 25% |
Upstream | Golden Pass LNG Terminal LLC | |
Schedule of Equity Method Investments [Line Items] | |
Percentage Ownership Interest | 30% |
Upstream | Golden Pass Pipeline LLC | |
Schedule of Equity Method Investments [Line Items] | |
Percentage Ownership Interest | 30% |
Upstream | Marine Well Containment Company LLC | |
Schedule of Equity Method Investments [Line Items] | |
Percentage Ownership Interest | 10% |
Upstream | Mozambique Rovuma Venture S.p.A. | |
Schedule of Equity Method Investments [Line Items] | |
Percentage Ownership Interest | 36% |
Upstream | Nederlandse Aardolie Maatschappij B.V. | |
Schedule of Equity Method Investments [Line Items] | |
Percentage Ownership Interest | 50% |
Upstream | Papua New Guinea Liquefied Natural Gas Global Company LDC | |
Schedule of Equity Method Investments [Line Items] | |
Percentage Ownership Interest | 33% |
Upstream | Permian Highway Pipeline LLC | |
Schedule of Equity Method Investments [Line Items] | |
Percentage Ownership Interest | 20% |
Upstream | Qatar Liquefied Gas Company Limited (2) | |
Schedule of Equity Method Investments [Line Items] | |
Percentage Ownership Interest | 24% |
Upstream | Qatar Liquefied Gas Company Limited (7) | |
Schedule of Equity Method Investments [Line Items] | |
Percentage Ownership Interest | 25% |
Upstream | Ras Laffan Liquefied Natural Gas Company Limited | |
Schedule of Equity Method Investments [Line Items] | |
Percentage Ownership Interest | 25% |
Upstream | Ras Laffan Liquefied Natural Gas Company Limited (II) | |
Schedule of Equity Method Investments [Line Items] | |
Percentage Ownership Interest | 31% |
Upstream | Ras Laffan Liquefied Natural Gas Company Limited (3) | |
Schedule of Equity Method Investments [Line Items] | |
Percentage Ownership Interest | 30% |
Upstream | South Hook LNG Terminal Company Limited | |
Schedule of Equity Method Investments [Line Items] | |
Percentage Ownership Interest | 24% |
Upstream | Tengizchevroil LLP | |
Schedule of Equity Method Investments [Line Items] | |
Percentage Ownership Interest | 25% |
Upstream | Terminale GNL Adriatico S.r.l. | |
Schedule of Equity Method Investments [Line Items] | |
Percentage Ownership Interest | 71% |
Energy Products, Chemical Products, and/or Specialty Products | Al-Jubail Petrochemical Company | |
Schedule of Equity Method Investments [Line Items] | |
Percentage Ownership Interest | 50% |
Energy Products, Chemical Products, and/or Specialty Products | Alberta Products Pipe Line Ltd. | |
Schedule of Equity Method Investments [Line Items] | |
Percentage Ownership Interest | 45% |
Energy Products, Chemical Products, and/or Specialty Products | Fujian Refining & Petrochemical Co. Ltd. | |
Schedule of Equity Method Investments [Line Items] | |
Percentage Ownership Interest | 25% |
Energy Products, Chemical Products, and/or Specialty Products | Gulf Coast Growth Ventures LLC | |
Schedule of Equity Method Investments [Line Items] | |
Percentage Ownership Interest | 50% |
Energy Products, Chemical Products, and/or Specialty Products | Infineum USA L.P. | |
Schedule of Equity Method Investments [Line Items] | |
Percentage Ownership Interest | 50% |
Energy Products, Chemical Products, and/or Specialty Products | Permian Express Partners LLC | |
Schedule of Equity Method Investments [Line Items] | |
Percentage Ownership Interest | 12% |
Energy Products, Chemical Products, and/or Specialty Products | Saudi Aramco Mobil Refinery Company Ltd. | |
Schedule of Equity Method Investments [Line Items] | |
Percentage Ownership Interest | 50% |
Energy Products, Chemical Products, and/or Specialty Products | Saudi Yanbu Petrochemical Co. | |
Schedule of Equity Method Investments [Line Items] | |
Percentage Ownership Interest | 50% |
Investments, Advances And Lon_3
Investments, Advances And Long-Term Receivables (Details) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Long-Term Investments and Receivables, Net [Abstract] | |||
Investments | $ 34,522 | $ 31,225 | $ 29,772 |
Advances, net of allowances of $28 million and $34 million | 8,049 | 8,326 | |
Total equity method company investments and advances | 42,571 | 39,551 | |
Equity securities carried at fair value and other investments at adjusted cost basis | 278 | 138 | |
Long-term receivables and miscellaneous, net of reserves of $1,623 million and $5,974 million | 6,944 | 5,506 | |
Total | 49,793 | 45,195 | |
Advances, allowances | 28 | 34 | |
Reserves for long-term receivables and miscellaneous investments | $ 1,623 | $ 5,974 |
Property, Plant And Equipment_3
Property, Plant And Equipment And Asset Retirement Obligations (Property, Plant And Equipment) (Details) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, cost | $ 472,693 | $ 495,062 | |
Property, plant and equipment, net | 204,692 | 216,552 | $ 227,553 |
Upstream [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, cost | 350,748 | 375,813 | |
Property, plant and equipment, net | 144,146 | 156,951 | |
Energy Products [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, cost | 58,393 | 58,504 | |
Property, plant and equipment, net | 26,765 | 27,354 | |
Chemical Products [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, cost | 36,322 | 33,514 | |
Property, plant and equipment, net | 19,064 | 17,409 | |
Specialty Products [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, cost | 8,895 | 9,217 | |
Property, plant and equipment, net | 4,303 | 4,447 | |
Other [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, cost | 18,335 | 18,014 | |
Property, plant and equipment, net | $ 10,414 | $ 10,391 |
Property, Plant And Equipment_4
Property, Plant And Equipment And Asset Retirement Obligations (Narrative) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Property, Plant and Equipment [Line Items] | |||
Impairment, long-lived asset, held-for-use, before-tax | $ 1,200 | ||
Accumulated depreciation and depletion | $ 268,001 | 278,510 | |
Long-term asset retirement obligations | 9,650 | $ 9,985 | |
Asset retirement obligations estimated cash payments in 2023 | 841 | ||
Asset retirement obligations estimated cash payments in 2024 | $ 806 | ||
Impairment, long-lived asset, held-for-use, before-tax, statement of income or comprehensive income [Extensible Enumeration] | Depreciation and depletion (includes impairments), Exploration expenses, including dry holes | ||
Sakhalin -1 [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Impairment, long-lived asset, held-for-use, before-tax | $ 4,500 | ||
Upstream | |||
Property, Plant and Equipment [Line Items] | |||
Impairment, long-lived asset, held-for-use, before-tax | 1,500 | ||
Oil and gas properties impairment charges, before-tax | $ 24,400 | ||
Other asset impairment charges, before-tax | 900 | ||
Energy Products [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Impairment, long-lived asset, held-for-use, before-tax | $ 400 | ||
Other asset impairment charges, before-tax | $ 600 |
Property, Plant And Equipment_5
Property, Plant And Equipment And Asset Retirement Obligations (Asset Retirement Obligations) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward] | |||
Balance at January 1 | $ 10,630 | $ 11,247 | $ 11,280 |
Accretion expense and other provisions | 744 | 548 | 584 |
Reduction due to property sales | (328) | (1,002) | (77) |
Payments made | (518) | (444) | (669) |
Liabilities incurred | 119 | 42 | 26 |
Foreign currency translation | (330) | (147) | 239 |
Revisions | 174 | 386 | (136) |
Balance at December 31 | $ 10,491 | $ 10,630 | $ 11,247 |
Accounting For Suspended Expl_3
Accounting For Suspended Exploratory Well Costs (Change In Capitalized Suspended Exploratory Well Costs) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Increase (Decrease) in Capitalized Exploratory Well Costs that are Pending Determination of Proved Reserves [Roll Forward] | |||
Balance beginning at January 1 | $ 4,120 | $ 4,382 | $ 4,613 |
Additions pending the determination of proved reserves | 378 | 420 | 208 |
Charged to expense | (259) | (325) | (318) |
Reclassifications to wells, facilities and equipment based on the determination of proved reserves | (142) | (328) | (174) |
Divestments/Other | (585) | (29) | 53 |
Ending balance at December 31 | 3,512 | 4,120 | 4,382 |
Ending balance attributed to equity companies included above | $ 306 | $ 306 | $ 306 |
Accounting For Suspended Expl_4
Accounting For Suspended Exploratory Well Costs (Schedule Of Period End Capitalized Suspended Exploratory Well Costs) (Details) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Exploratory Well Costs Capitalized for More than One Year [Line Items] | ||||
Capitalized for a period of one year or less | $ 378 | $ 420 | $ 208 | |
Capitalized for a period greater than one year - subtotal | 3,134 | 3,700 | 4,174 | |
Total | 3,512 | 4,120 | 4,382 | $ 4,613 |
Capitalized For A Period Of Between One And Five Years [Member] | ||||
Exploratory Well Costs Capitalized for More than One Year [Line Items] | ||||
Capitalized for a period greater than one year - subtotal | 969 | 1,642 | 1,828 | |
Capitalized For A Period Of Between Five And Ten Years [Member] | ||||
Exploratory Well Costs Capitalized for More than One Year [Line Items] | ||||
Capitalized for a period greater than one year - subtotal | 1,410 | 1,657 | 1,932 | |
Capitalized For A Period Of Greater Than Ten Years [Member] | ||||
Exploratory Well Costs Capitalized for More than One Year [Line Items] | ||||
Capitalized for a period greater than one year - subtotal | $ 755 | $ 401 | $ 414 |
Accounting For Suspended Expl_5
Accounting For Suspended Exploratory Well Costs (Schedule Of Number Of Projects With Suspended Exploratory Well Costs) (Details) - Projects | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Capitalized Exploratory Well Costs [Abstract] | |||
Number of projects that only have exploratory well costs capitalized for a period of one year or less | 10 | 4 | 3 |
Number of projects that have exploratory well costs capitalized for a period greater than one year | 26 | 30 | 34 |
Total | 36 | 34 | 37 |
Accounting For Suspended Expl_6
Accounting For Suspended Exploratory Well Costs (Narrative) (Details) $ in Millions | Dec. 31, 2022 USD ($) Projects | Dec. 31, 2021 USD ($) Projects | Dec. 31, 2020 USD ($) Projects | Dec. 31, 2019 USD ($) |
Exploratory Wells Drilled [Line Items] | ||||
Number of projects that have exploratory well costs capitalized for a period greater than one year | 26 | 30 | 34 | |
Number of projects that have drilling in the preceding twelve months or exploratory activity planned in the next two years as of December 31, 2022 | 11 | |||
Number of projects with completed exploratory activity progressing toward development as of December 31, 2022 | 15 | |||
Capitalized exploratory well costs | $ | $ 3,512 | $ 4,120 | $ 4,382 | $ 4,613 |
Fifteen Projects | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | $ | $ 2,324 |
Accounting For Suspended Expl_7
Accounting For Suspended Exploratory Well Costs (Schedule Of Additional Detail For The Projects) (Details) - USD ($) $ in Millions | 12 Months Ended | |||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | $ 3,512 | $ 4,120 | $ 4,382 | $ 4,613 |
Fifteen Projects | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 2,324 | |||
Angola | Projects in Angola - Block 32 Central NE Hub [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | $ 66 | |||
Angola | Minimum [Member] | Projects in Angola - Block 32 Central NE Hub [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years Wells Drilled / Acquired | 2007 | |||
Angola | Maximum [Member] | Projects in Angola - Block 32 Central NE Hub [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years Wells Drilled / Acquired | 2021 | |||
Argentina | Project in Argentina - La Invernada [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | $ 72 | |||
Argentina | Minimum [Member] | Project in Argentina - La Invernada [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years Wells Drilled / Acquired | 2014 | |||
Argentina | Maximum [Member] | Project in Argentina - La Invernada [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years Wells Drilled / Acquired | 2014 | |||
Australia | Project in Australia - Gorgon Area Ullage [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | $ 305 | |||
Australia | Minimum [Member] | Project in Australia - Gorgon Area Ullage [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years Wells Drilled / Acquired | 1994 | |||
Australia | Maximum [Member] | Project in Australia - Gorgon Area Ullage [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years Wells Drilled / Acquired | 2015 | |||
Canada | Project in Canada - Hibernia North [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | $ 24 | |||
Canada | Minimum [Member] | Project in Canada - Hibernia North [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years Wells Drilled / Acquired | 2019 | |||
Canada | Maximum [Member] | Project in Canada - Hibernia North [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years Wells Drilled / Acquired | 2019 | |||
Guyana | Project in Guyana - Uaru [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | $ 117 | |||
Guyana | Minimum [Member] | Project in Guyana - Uaru [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years Wells Drilled / Acquired | 2017 | |||
Guyana | Maximum [Member] | Project in Guyana - Uaru [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years Wells Drilled / Acquired | 2021 | |||
Kazakhstan | Project in Kazakhstan - Kairan [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | $ 53 | |||
Kazakhstan | Minimum [Member] | Project in Kazakhstan - Kairan [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years Wells Drilled / Acquired | 2004 | |||
Kazakhstan | Maximum [Member] | Project in Kazakhstan - Kairan [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years Wells Drilled / Acquired | 2007 | |||
Mozambique | Project in Mozambique - Rovuma LNG Future Non-Straddling Train [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | $ 120 | |||
Mozambique | Project in Mozambique - Rovuma LNG Phase 1 [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 150 | |||
Mozambique | Project in Mozambique - Rovuma LNG Unitized Trains [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | $ 35 | |||
Mozambique | Minimum [Member] | Project in Mozambique - Rovuma LNG Future Non-Straddling Train [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years Wells Drilled / Acquired | 2017 | |||
Mozambique | Minimum [Member] | Project in Mozambique - Rovuma LNG Phase 1 [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years Wells Drilled / Acquired | 2017 | |||
Mozambique | Minimum [Member] | Project in Mozambique - Rovuma LNG Unitized Trains [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years Wells Drilled / Acquired | 2017 | |||
Mozambique | Maximum [Member] | Project in Mozambique - Rovuma LNG Future Non-Straddling Train [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years Wells Drilled / Acquired | 2017 | |||
Mozambique | Maximum [Member] | Project in Mozambique - Rovuma LNG Phase 1 [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years Wells Drilled / Acquired | 2017 | |||
Mozambique | Maximum [Member] | Project in Mozambique - Rovuma LNG Unitized Trains [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years Wells Drilled / Acquired | 2017 | |||
Nigeria | Project in Nigeria - Bonga North [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | $ 34 | |||
Nigeria | Minimum [Member] | Project in Nigeria - Bonga North [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years Wells Drilled / Acquired | 2004 | |||
Nigeria | Maximum [Member] | Project in Nigeria - Bonga North [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years Wells Drilled / Acquired | 2009 | |||
Papua New Guinea | Project In Papua New Guinea - Muruk [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | $ 165 | |||
Papua New Guinea | Project in Papua New Guinea - Papua LNG [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 246 | |||
Papua New Guinea | Project in Papua New Guinea - P'nyang [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | $ 116 | |||
Papua New Guinea | Minimum [Member] | Project In Papua New Guinea - Muruk [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years Wells Drilled / Acquired | 2017 | |||
Papua New Guinea | Minimum [Member] | Project in Papua New Guinea - Papua LNG [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years Wells Drilled / Acquired | 2017 | |||
Papua New Guinea | Minimum [Member] | Project in Papua New Guinea - P'nyang [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years Wells Drilled / Acquired | 2012 | |||
Papua New Guinea | Maximum [Member] | Project In Papua New Guinea - Muruk [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years Wells Drilled / Acquired | 2019 | |||
Papua New Guinea | Maximum [Member] | Project in Papua New Guinea - Papua LNG [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years Wells Drilled / Acquired | 2017 | |||
Papua New Guinea | Maximum [Member] | Project in Papua New Guinea - P'nyang [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years Wells Drilled / Acquired | 2018 | |||
Tanzania | Project in Tanzania - Tanzania Block 2 [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | $ 525 | |||
Tanzania | Minimum [Member] | Project in Tanzania - Tanzania Block 2 [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years Wells Drilled / Acquired | 2012 | |||
Tanzania | Maximum [Member] | Project in Tanzania - Tanzania Block 2 [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years Wells Drilled / Acquired | 2015 | |||
Vietnam | Project in Vietnam - Blue Whale [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | $ 296 | |||
Vietnam | Minimum [Member] | Project in Vietnam - Blue Whale [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years Wells Drilled / Acquired | 2011 | |||
Vietnam | Maximum [Member] | Project in Vietnam - Blue Whale [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years Wells Drilled / Acquired | 2015 |
Leases (Lease Cost) (Details)
Leases (Lease Cost) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Operating Lease [Member] | |||
Operating Leased Assets [Line Items] | |||
Operating lease cost | $ 1,776 | $ 1,542 | $ 1,553 |
Short-term and other (net of sublease rental income) | 1,389 | 1,351 | 1,613 |
Total | 3,165 | 2,893 | 3,166 |
Finance Lease [Member] | |||
Operating Leased Assets [Line Items] | |||
Amortization of right of use assets | 243 | 133 | 143 |
Interest on lease liabilities | 210 | 158 | 169 |
Total | 453 | 291 | 312 |
Drilling Rigs and Related Equipment [Member] | |||
Operating Leased Assets [Line Items] | |||
Total | $ 908 | $ 681 | $ 827 |
Leases (Right of Use) (Details)
Leases (Right of Use) (Details) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Operating Leases | ||
Operating lease right of use asset | $ 6,451 | $ 6,082 |
Operating lease liability - current included in Accounts payable and accrued liabilities | 1,527 | 1,367 |
Operating lease liability - noncurrent included in Other long-term obligations | 4,067 | 3,823 |
Total operating lease liability | $ 5,594 | $ 5,190 |
Operating Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] | Other assets, including intangibles – net | Other assets, including intangibles – net |
Operating Lease, Liability, Current, Statement of Financial Position [Extensible Enumeration] | Accounts payable and accrued liabilities | Accounts payable and accrued liabilities |
Operating Lease, Liability, Noncurrent, Statement of Financial Position [Extensible Enumeration] | Other long-term obligations | Other long-term obligations |
Operating lease weighted average remaining lease term - years | 9 years | 10 years |
Operating lease weighted average discount rate - percent | 2.40% | 2.30% |
Leases, Finance [Abstract] | ||
Finance lease right of use asset | $ 2,090 | $ 2,412 |
Total finance lease liability | $ 1,589 | $ 2,007 |
Finance Lease, Right-of-Use Asset, Statement of Financial Position [Extensible Enumeration] | Property, plant and equipment, at cost, less accumulated depreciation and depletion | Property, plant and equipment, at cost, less accumulated depreciation and depletion |
Finance lease weighted average remaining lease term - years | 22 years | 20 years |
Finance lease weighted average discount rate - percent | 8% | 7.70% |
Accounts Payable And Accrued Liabilities [Member] | ||
Leases, Finance [Abstract] | ||
Finance lease liability - current | $ 5 | $ 4 |
Notes And Loans Payable [Member] | ||
Leases, Finance [Abstract] | ||
Finance lease liability - current | 69 | 111 |
Long-Term Debt [Member] | ||
Leases, Finance [Abstract] | ||
Finance lease liability - noncurrent | 1,389 | 1,761 |
Long-Term Obligations To Equity Companies [Member] | ||
Leases, Finance [Abstract] | ||
Finance lease liability - noncurrent | 126 | 131 |
Drilling Rigs and Related Equipment [Member] | ||
Operating Leases | ||
Total operating lease liability | $ 1,646 | $ 935 |
Leases (Maturity Schedule) (Det
Leases (Maturity Schedule) (Details) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Operating Leases | ||
Total operating lease liability | $ 5,594 | $ 5,190 |
Finance Leases | ||
Total finance lease liability | 1,589 | 2,007 |
Operating Lease [Member] | ||
Operating Leases | ||
2023 | 1,623 | |
2024 | 1,231 | |
2025 | 914 | |
2026 | 401 | |
2027 | 334 | |
2028 and beyond | 1,861 | |
Total operating lease payments | 6,364 | |
Operating lease - discount to present value | (770) | |
Total operating lease liability | 5,594 | |
Drilling Rigs and Related Equipment [Member] | ||
Operating Leases | ||
Total operating lease liability | 1,646 | $ 935 |
Finance Lease [Member] | ||
Finance Leases | ||
2023 | 195 | |
2024 | 193 | |
2025 | 187 | |
2026 | 184 | |
2027 | 176 | |
2028 and beyond | 1,960 | |
Total finance lease payments | 2,895 | |
Finance lease - discount to present value | (1,306) | |
Total finance lease liability | $ 1,589 |
Leases (Narrative) (Details)
Leases (Narrative) (Details) $ in Millions | 12 Months Ended |
Dec. 31, 2022 USD ($) | |
Lessee Lease Description [Line Items] | |
Estimated 2023 cash payments for operating and finance leases not yet commenced | $ 268 |
Estimated 2024 cash payments for operating and finance leases not yet commenced | 260 |
Operating Lease [Member] | |
Lessee Lease Description [Line Items] | |
Additional undiscounted commitments for leases not yet commenced | 4,246 |
Finance Lease [Member] | |
Lessee Lease Description [Line Items] | |
Additional undiscounted commitments for leases not yet commenced | $ 3,054 |
Leases (Other Information) (Det
Leases (Other Information) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Operating Lease [Member] | |||
Lessee Lease Description [Line Items] | |||
Cash flows from operating activities - operating leases | $ 1,119 | $ 1,135 | $ 1,159 |
Cash flow from investing activities | 500 | 291 | 283 |
Operating right-of-use assets obtained in exchange for new lease liabilities | 1,997 | 1,405 | 735 |
Finance Lease Paid To Equity Company [Member] | |||
Lessee Lease Description [Line Items] | |||
Cash flows from operating activities - finance leases | 20 | 20 | 31 |
Finance Lease Paid To Third Parties [Member] | |||
Lessee Lease Description [Line Items] | |||
Cash flow from financing activities | 149 | 110 | 94 |
Finance right-of-use assets obtained in exchange for new lease liabilities | $ 73 | $ 200 | $ 108 |
Earnings Per Share (Details)
Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Earnings per common share | |||
Net income (loss) attributable to ExxonMobil | $ 55,740 | $ 23,040 | $ (22,440) |
Weighted average number of common shares outstanding (in shares) | 4,205 | 4,275 | 4,271 |
Earnings (loss) per common share, basic (in dollars per share) | $ 13.26 | $ 5.39 | $ (5.25) |
Earnings (loss) per common share, diluted (in dollars per share) | 13.26 | 5.39 | (5.25) |
Dividends paid per common share (in dollars per share) | $ 3.55 | $ 3.49 | $ 3.48 |
Financial Instruments And Der_3
Financial Instruments And Derivatives - Financial Instruments (Details) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Total Gross Assets & Liabilities [Domain] | ||
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] | ||
Derivative assets | $ 7,764 | $ 2,945 |
Advances to/receivables from equity companies | 7,364 | 8,449 |
Other long-term financial assets | 2,621 | 2,192 |
Derivative liabilities | 6,681 | 4,295 |
Long-term debt | 34,998 | 44,545 |
Long-term obligations to equity companies | 2,467 | 3,084 |
Other long-term financial liabilities | $ 679 | $ 902 |
Derivative asset, current, statement of financial position [Extensible Enumeration] | Other assets, including intangibles – net, Receivables, Net, Current | Other assets, including intangibles – net, Receivables, Net, Current |
Derivative liability, current, statement of financial position [Extensible Enumeration] | Accounts payable and accrued liabilities, Other long-term obligations | Accounts payable and accrued liabilities, Other long-term obligations |
Effect Of Counterparty Netting [Member] | ||
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] | ||
Derivative assets | $ (5,778) | $ (1,930) |
Derivative liabilities | (5,778) | (1,930) |
Effect Of Collateral Netting [Member] | ||
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] | ||
Derivative assets | (969) | (28) |
Derivative liabilities | (79) | (306) |
Difference In Carrying Value And Fair Value [Member] | ||
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] | ||
Advances to/receivables from equity companies | 685 | (123) |
Other long-term financial assets | 346 | 181 |
Long-term debt | 4,173 | (2,878) |
Long-term obligations to equity companies | (129) | (227) |
Other long-term financial liabilities | 38 | 58 |
Net Carrying Value [Member] | ||
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] | ||
Derivative assets | 1,017 | 987 |
Advances to/receivables from equity companies | 8,049 | 8,326 |
Other long-term financial assets | 2,967 | 2,373 |
Derivative liabilities | 824 | 2,059 |
Long-term debt | 39,171 | 41,667 |
Long-term obligations to equity companies | 2,338 | 2,857 |
Other long-term financial liabilities | 717 | 960 |
Level 1 [Member] | ||
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] | ||
Derivative assets | 4,309 | 1,422 |
Other long-term financial assets | 1,208 | 1,134 |
Derivative liabilities | 3,417 | 1,701 |
Long-term debt | 33,112 | 44,454 |
Level 2 [Member] | ||
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] | ||
Derivative assets | 3,455 | 1,523 |
Advances to/receivables from equity companies | 2,406 | 3,076 |
Derivative liabilities | 3,264 | 2,594 |
Long-term debt | 1,880 | 88 |
Level 3 [Member] | ||
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] | ||
Advances to/receivables from equity companies | 4,958 | 5,373 |
Other long-term financial assets | 1,413 | 1,058 |
Long-term debt | 6 | 3 |
Long-term obligations to equity companies | 2,467 | 3,084 |
Other long-term financial liabilities | $ 679 | $ 902 |
Financial Instruments And Der_4
Financial Instruments And Derivatives (Narrative) (Details) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Financial Instruments And Derivatives [Abstract] | ||
Initial margin collateral receivable | $ 1,494 | $ 641 |
Financial Instruments and Der_5
Financial Instruments and Derivatives - Derivative Instrument Balance Sheet (Details) bbl in Millions, MMBTU in Millions | 12 Months Ended | |
Dec. 31, 2022 MMBTU bbl | Dec. 31, 2021 MMBTU bbl | |
Crude Oil [Member] | Long [Member] | ||
Net notional long / short position of derivative instruments bbl | 4 | 82 |
Petroleum Products [Member] | Short [Member] | ||
Net notional long / short position of derivative instruments bbl | 52 | 48 |
Natural Gas [Member] | Short [Member] | ||
Net notional long / short position of derivative instruments MMBtus | MMBTU | 64 | 115 |
Financial Instruments and Der_6
Financial Instruments and Derivatives - Derivative Instruments (Details) - Not Designated As Hedging Instrument, Trading [Member] - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Realized and Unrealized Before-Tax Gain / Loss on Derivative Instruments Recognized in the Consolidated Statement of Income | |||
Total | $ (1,449) | $ (3,770) | $ (3) |
Sales and other operating revenue | |||
Realized and Unrealized Before-Tax Gain / Loss on Derivative Instruments Recognized in the Consolidated Statement of Income | |||
Total | (1,763) | (3,818) | 404 |
Crude oil and product purchases | |||
Realized and Unrealized Before-Tax Gain / Loss on Derivative Instruments Recognized in the Consolidated Statement of Income | |||
Total | $ 314 | $ 48 | $ (407) |
Long-Term Debt (Narrative) (Det
Long-Term Debt (Narrative) (Details) $ in Millions | 12 Months Ended |
Dec. 31, 2022 USD ($) | |
Long-term Debt [Line Items] | |
Long-term debt in U.S. dollars | $ 34,507 |
U.S. dollar equivalent at year-end exchange rates of amounts payable in foreign currencies | 6,052 |
Portion of long-term debt included in current liability | 181 |
Long-term debt maturing - 2024 | 4,665 |
Long-term debt maturing - 2025 | 4,667 |
Long-term debt maturing - 2026 | 3,644 |
Long-term debt maturing - 2027 | 1,090 |
Net investment hedge, European business | $ 4,800 |
Other U.S. Dollar Obligations [Member] | Exxon Mobil Corporation [Member] | 2.726% notes due 2023 | |
Long-term Debt [Line Items] | |
Interest rate | 2.726% |
Other U.S. Dollar Obligations [Member] | Exxon Mobil Corporation [Member] | 1.571% notes due 2023 | |
Long-term Debt [Line Items] | |
Interest rate | 1.571% |
Long Term Financing [Member] | |
Long-term Debt [Line Items] | |
Unused credit lines | $ 1,200 |
Long-Term Debt (Summarized Long
Long-Term Debt (Summarized Long-Term Debt) (Details) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Long-term Debt [Line Items] | ||
Debt issuance costs | $ (100) | $ (114) |
Long-term debt | 40,559 | 43,428 |
Exxon Mobil Corporation [Member] | ||
Long-term Debt [Line Items] | ||
Debt instrument, unamortized premium | 115 | 131 |
XTO Energy Inc. [Member] | ||
Long-term Debt [Line Items] | ||
Debt instrument, unamortized premium | 76 | 82 |
1.571% notes due 2023 | Exxon Mobil Corporation [Member] | Other U.S. Dollar Obligations [Member] | ||
Long-term Debt [Line Items] | ||
Senior notes, noncurrent | $ 0 | 2,750 |
Interest rate | 1.571% | |
2.726% notes due 2023 | Exxon Mobil Corporation [Member] | Other U.S. Dollar Obligations [Member] | ||
Long-term Debt [Line Items] | ||
Senior notes, noncurrent | $ 0 | 1,250 |
Interest rate | 2.726% | |
3.176% notes due 2024 | Exxon Mobil Corporation [Member] | Other U.S. Dollar Obligations [Member] | ||
Long-term Debt [Line Items] | ||
Senior notes, noncurrent | $ 1,000 | 1,000 |
Interest rate | 3.176% | |
2.019% notes due 2024 | Exxon Mobil Corporation [Member] | Other U.S. Dollar Obligations [Member] | ||
Long-term Debt [Line Items] | ||
Senior notes, noncurrent | $ 1,000 | 1,000 |
Interest rate | 2.019% | |
2.709% notes due 2025 | Exxon Mobil Corporation [Member] | Other U.S. Dollar Obligations [Member] | ||
Long-term Debt [Line Items] | ||
Senior notes, noncurrent | $ 1,750 | 1,750 |
Interest rate | 2.709% | |
2.992% notes due 2025 | Exxon Mobil Corporation [Member] | Other U.S. Dollar Obligations [Member] | ||
Long-term Debt [Line Items] | ||
Senior notes, noncurrent | $ 2,781 | 2,794 |
Interest rate | 2.992% | |
3.043% notes due 2026 | Exxon Mobil Corporation [Member] | Other U.S. Dollar Obligations [Member] | ||
Long-term Debt [Line Items] | ||
Senior notes, noncurrent | $ 2,500 | 2,500 |
Interest rate | 3.043% | |
2.275% notes due 2026 | Exxon Mobil Corporation [Member] | Other U.S. Dollar Obligations [Member] | ||
Long-term Debt [Line Items] | ||
Senior notes, noncurrent | $ 1,000 | 1,000 |
Interest rate | 2.275% | |
3.294% notes due 2027 | Exxon Mobil Corporation [Member] | Other U.S. Dollar Obligations [Member] | ||
Long-term Debt [Line Items] | ||
Senior notes, noncurrent | $ 1,000 | 1,000 |
Interest rate | 3.294% | |
2.440% notes due 2029 | Exxon Mobil Corporation [Member] | Other U.S. Dollar Obligations [Member] | ||
Long-term Debt [Line Items] | ||
Senior notes, noncurrent | $ 1,250 | 1,250 |
Interest rate | 2.44% | |
3.482% notes due 2030 | Exxon Mobil Corporation [Member] | Other U.S. Dollar Obligations [Member] | ||
Long-term Debt [Line Items] | ||
Senior notes, noncurrent | $ 2,000 | 2,000 |
Interest rate | 3.482% | |
2.610% notes due 2030 | Exxon Mobil Corporation [Member] | Other U.S. Dollar Obligations [Member] | ||
Long-term Debt [Line Items] | ||
Senior notes, noncurrent | $ 2,000 | 2,000 |
Interest rate | 2.61% | |
2.995% notes due 2039 | Exxon Mobil Corporation [Member] | Other U.S. Dollar Obligations [Member] | ||
Long-term Debt [Line Items] | ||
Senior notes, noncurrent | $ 750 | 750 |
Interest rate | 2.995% | |
4.227% notes due 2040 | Exxon Mobil Corporation [Member] | Other U.S. Dollar Obligations [Member] | ||
Long-term Debt [Line Items] | ||
Senior notes, noncurrent | $ 2,084 | 2,087 |
Interest rate | 4.227% | |
3.567% notes due 2045 | Exxon Mobil Corporation [Member] | Other U.S. Dollar Obligations [Member] | ||
Long-term Debt [Line Items] | ||
Senior notes, noncurrent | $ 1,000 | 1,000 |
Interest rate | 3.567% | |
4.114% notes due 2046 | Exxon Mobil Corporation [Member] | Other U.S. Dollar Obligations [Member] | ||
Long-term Debt [Line Items] | ||
Senior notes, noncurrent | $ 2,500 | 2,500 |
Interest rate | 4.114% | |
3.095% notes due 2049 | Exxon Mobil Corporation [Member] | Other U.S. Dollar Obligations [Member] | ||
Long-term Debt [Line Items] | ||
Senior notes, noncurrent | $ 1,500 | 1,500 |
Interest rate | 3.095% | |
4.327% notes due 2050 | Exxon Mobil Corporation [Member] | Other U.S. Dollar Obligations [Member] | ||
Long-term Debt [Line Items] | ||
Senior notes, noncurrent | $ 2,750 | 2,750 |
Interest rate | 4.327% | |
3.452% notes due 2051 | Exxon Mobil Corporation [Member] | Other U.S. Dollar Obligations [Member] | ||
Long-term Debt [Line Items] | ||
Senior notes, noncurrent | $ 2,750 | 2,750 |
Interest rate | 3.452% | |
0.142% notes due 2024 | Exxon Mobil Corporation - Euro-denominated | Other Foreign Currency Obligations [Member] | ||
Long-term Debt [Line Items] | ||
Senior notes, noncurrent | $ 1,600 | 1,698 |
Interest rate | 0.142% | |
0.524% notes due 2028 | Exxon Mobil Corporation - Euro-denominated | Other Foreign Currency Obligations [Member] | ||
Long-term Debt [Line Items] | ||
Senior notes, noncurrent | $ 1,066 | 1,133 |
Interest rate | 0.524% | |
0.835% notes due 2032 | Exxon Mobil Corporation - Euro-denominated | Other Foreign Currency Obligations [Member] | ||
Long-term Debt [Line Items] | ||
Senior notes, noncurrent | $ 1,066 | 1,133 |
Interest rate | 0.835% | |
1.408% notes due 2039 | Exxon Mobil Corporation - Euro-denominated | Other Foreign Currency Obligations [Member] | ||
Long-term Debt [Line Items] | ||
Senior notes, noncurrent | $ 1,066 | 1,133 |
Interest rate | 1.408% | |
6.100% senior notes due 2036 | XTO Energy Inc. [Member] | Senior Notes [Member] | ||
Long-term Debt [Line Items] | ||
Senior notes, noncurrent | $ 189 | 191 |
Interest rate | 6.10% | |
6.750% senior notes due 2037 | XTO Energy Inc. [Member] | Senior Notes [Member] | ||
Long-term Debt [Line Items] | ||
Senior notes, noncurrent | $ 289 | 291 |
Interest rate | 6.75% | |
6.375% senior notes due 2038 | XTO Energy Inc. [Member] | Senior Notes [Member] | ||
Long-term Debt [Line Items] | ||
Senior notes, noncurrent | $ 224 | 226 |
Interest rate | 6.375% | |
Industrial revenue bonds due 2022-2051 | Combined Exxon Mobil And Affiliates [Member] | ||
Long-term Debt [Line Items] | ||
Other long-term debt | $ 2,245 | 2,244 |
Average effective interest rate | 1% | |
Finance leases & other obligations | Combined Exxon Mobil And Affiliates [Member] | ||
Long-term Debt [Line Items] | ||
Average effective interest rate | 5.856% | |
Finance lease liability - noncurrent included in Long-term debt | $ 3,299 | $ 1,862 |
Incentive Program (Narrative) (
Incentive Program (Narrative) (Details) - USD ($) shares in Thousands, $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Minimum ownership of affiliates needed for awards | 50% | ||
Options and stock appreciation rights grant, minimum percentage of market value, date of grant | 100% | ||
Share-based compensation arrangement by share-based payment award expiration period | 10 years | ||
Number of shares issuable under 2003 incentive program, maximum | 220,000 | ||
Remaining shares available for award under 2003 incentive program | 60,000 | ||
Restricted Stock [Member] | |||
Long-term incentive awards (in shares) | 9,392 | 8,133 | 8,681 |
Percent of the shares in each award vesting after three years | 50% | ||
Percent of shares in each award vesting after five years | 50% | ||
Percent of the shares in each award vesting after seven years | 50% | ||
Percent of shares in each award vesting in later of ten years or retirement | 50% | ||
Unrecognized compensation cost | $ 1,765 | ||
Unrecognized compensation cost, weighted-average period of recognition, years | 4 years 9 months 18 days | ||
Compensation cost charged against income | $ 648 | $ 612 | $ 672 |
Income tax benefit recognized in income | 52 | 49 | 51 |
Fair value of shares/awards vested | 1,027 | 562 | 367 |
Cash payments, vested restricted stock units | $ 89 | $ 48 | $ 34 |
Restricted Stock [Member] | Minimum [Member] | |||
Vesting period | 3 years | ||
Restricted Stock [Member] | Minimum [Member] | Executive Officer [Member] | |||
Vesting period | 5 years | ||
Restricted Stock [Member] | Maximum [Member] | |||
Vesting period | 7 years | ||
Restricted Stock [Member] | Maximum [Member] | Executive Officer [Member] | Share-based Payment Arrangement, Tranche One [Member] | |||
Vesting period | 10 years | ||
Restricted Stock [Member] | Maximum [Member] | Executive Officer [Member] | Share-based Payment Arrangement, Tranche Two [Member] | |||
Vesting period | 10 years |
Incentive Program (Summary Of R
Incentive Program (Summary Of Restricted Stock And Units Outstanding) (Details) shares in Thousands | 12 Months Ended |
Dec. 31, 2022 $ / shares shares | |
Shares | |
Issued and outstanding at January 1 (shares) | shares | 38,922 |
Awards issued in 2022 (shares) | shares | 8,222 |
Vested (shares) | shares | (9,235) |
Forfeited (shares) | shares | (336) |
Issued and outstanding at December 31 (shares) | shares | 37,573 |
Weighted-Average Grant-Date Fair Value per Share | |
Issued and outstanding at January 1 (USD per share) | $ / shares | $ 70.38 |
Awards issued in 2022 (USD per share) | $ / shares | 63.49 |
Vested (USD per share) | $ / shares | 76.31 |
Forfeited (USD per share) | $ / shares | 63.67 |
Issued and outstanding at December 31 (USD per share) | $ / shares | $ 67.47 |
Incentive Program (Grant Value
Incentive Program (Grant Value Of Restricted Stock Units) (Details) - Restricted Stock [Member] - USD ($) $ / shares in Units, $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Grant price, per share | $ 110.46 | $ 62.76 | $ 41.15 |
Units settled in stock | $ 931 | $ 461 | $ 325 |
Units settled in cash | 106 | 49 | 32 |
Total value | $ 1,037 | $ 510 | $ 357 |
Litigation And Other Continge_3
Litigation And Other Contingencies (Schedule Of Guarantees) (Details) $ in Millions | Dec. 31, 2022 USD ($) |
Loss Contingencies [Line Items] | |
Guarantees | $ 7,460 |
Equity Company Obligations [Member] | |
Loss Contingencies [Line Items] | |
Guarantees | 1,934 |
Other Third-Party Obligations [Member] | |
Loss Contingencies [Line Items] | |
Guarantees | 5,526 |
Debt-Related Guarantees [Member] | |
Loss Contingencies [Line Items] | |
Guarantees | 1,358 |
Debt-Related Guarantees [Member] | Equity Company Obligations [Member] | |
Loss Contingencies [Line Items] | |
Guarantees | 1,206 |
Debt-Related Guarantees [Member] | Other Third-Party Obligations [Member] | |
Loss Contingencies [Line Items] | |
Guarantees | 152 |
Other Guarantees [Member] | |
Loss Contingencies [Line Items] | |
Guarantees | 6,102 |
Other Guarantees [Member] | Equity Company Obligations [Member] | |
Loss Contingencies [Line Items] | |
Guarantees | 728 |
Other Guarantees [Member] | Other Third-Party Obligations [Member] | |
Loss Contingencies [Line Items] | |
Guarantees | $ 5,374 |
Pension And Other Postretirem_3
Pension And Other Postretirement Benefits (Benefit Obligations And Plan Assets Associated With Principal Benefit Plans) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Change in benefit obligation | |||
Medicare subsidy receipts | $ 24 | $ 9 | |
Other Postretirement Benefits [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Discount rate (percent) | 5.60% | 3.10% | |
Long-term rate of compensation increase (percent) | 4.50% | 4.50% | |
Change in benefit obligation | |||
Benefit obligation at January 1 | $ 7,265 | $ 8,135 | |
Service cost | 138 | 188 | $ 181 |
Interest cost | 216 | 221 | 277 |
Actuarial loss/(gain) | (1,990) | (881) | |
Benefits paid | (492) | (517) | |
Foreign exchange rate changes | (47) | 3 | |
Amendments, divestments and other | 121 | 116 | |
Benefit obligation at December 31 | $ 5,211 | $ 7,265 | 8,135 |
United States | Pension Plans, Defined Benefit [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Discount rate (percent) | 5.60% | 3% | |
Long-term rate of compensation increase (percent) | 4.50% | 4.50% | |
Change in benefit obligation | |||
Benefit obligation at January 1 | $ 18,511 | $ 21,662 | |
Service cost | 712 | 919 | 965 |
Interest cost | 518 | 558 | 708 |
Actuarial loss/(gain) | (4,432) | (747) | |
Benefits paid | (2,959) | (3,810) | |
Amendments, divestments and other | 0 | (71) | |
Benefit obligation at December 31 | 12,350 | 18,511 | 21,662 |
Accumulated benefit obligation at December 31 | $ 10,367 | $ 15,781 | |
Pension Benefits - Non-U.S. [Member] | Pension Plans, Defined Benefit [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Discount rate (percent) | 4.90% | 2.20% | |
Long-term rate of compensation increase (percent) | 5.20% | 4.20% | |
Change in benefit obligation | |||
Benefit obligation at January 1 | $ 29,492 | $ 33,626 | |
Service cost | 570 | 774 | 707 |
Interest cost | 614 | 526 | 657 |
Actuarial loss/(gain) | (7,742) | (2,803) | |
Benefits paid | (1,415) | (1,550) | |
Foreign exchange rate changes | (2,258) | (1,162) | |
Amendments, divestments and other | 81 | 81 | |
Benefit obligation at December 31 | 19,342 | 29,492 | $ 33,626 |
Accumulated benefit obligation at December 31 | $ 18,047 | $ 27,373 |
Pension And Other Postretirem_4
Pension And Other Postretirement Benefits (Narrative) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Defined Benefit Plan Disclosure [Line Items] | |||
Health care cost trend rate | 4% | ||
Year that rate reaches ultimate trend rate | 2024 | ||
Costs for defined contribution plans | $ 365 | $ 177 | $ 358 |
United States | Equity Securities [Member] | Maximum [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Target asset allocation | 30% | ||
United States | Equity Securities [Member] | Minimum [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Target asset allocation | 10% | ||
United States | Venture Capital Funds [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Target asset allocation | 5% | ||
Pension Benefits - Non-U.S. [Member] | Equity Securities [Member] | Maximum [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Target asset allocation | 30% | ||
Pension Benefits - Non-U.S. [Member] | Equity Securities [Member] | Minimum [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Target asset allocation | 10% | ||
Pension Benefits - Non-U.S. [Member] | Venture Capital Funds [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Target asset allocation | 5% |
Pension And Other Postretirem_5
Pension And Other Postretirement Benefits (Change In Plan Assets Of Pension And Other Postretirement Benefits) (Details) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2022 | Dec. 31, 2021 | |
Other Postretirement Benefits [Member] | ||
Change in plan assets | ||
Fair value at January 1 | $ 440 | $ 446 |
Actual return on plan assets | (66) | 20 |
Company contribution | 27 | 28 |
Benefits paid | (53) | (54) |
Fair value at December 31 | 348 | 440 |
United States | ||
Change in plan assets | ||
Fair value at January 1 | 13,266 | |
Fair value at December 31 | 10,989 | 13,266 |
United States | Pension Plans, Defined Benefit [Member] | ||
Change in plan assets | ||
Fair value at January 1 | 13,266 | 15,300 |
Actual return on plan assets | (3,265) | 479 |
Company contribution | 3,596 | 794 |
Benefits paid | (2,608) | (3,307) |
Fair value at December 31 | 10,989 | 13,266 |
Pension Benefits - Non-U.S. [Member] | ||
Change in plan assets | ||
Fair value at January 1 | 24,880 | |
Fair value at December 31 | 16,757 | 24,880 |
Pension Benefits - Non-U.S. [Member] | Pension Plans, Defined Benefit [Member] | ||
Change in plan assets | ||
Fair value at January 1 | 24,880 | 26,216 |
Actual return on plan assets | (5,287) | 571 |
Foreign exchange rate changes | (2,012) | (605) |
Company contribution | 655 | 293 |
Benefits paid | (1,070) | (1,167) |
Other | (409) | (428) |
Fair value at December 31 | $ 16,757 | $ 24,880 |
Pension And Other Postretirem_6
Pension And Other Postretirement Benefits (Summary Of Assets In Excess Of/(Less Than) Benefit Obligation) (Details) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
United States | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Funded plans | $ (23) | $ (3,570) |
Unfunded plans | (1,338) | (1,675) |
Total | (1,361) | (5,245) |
Pension Benefits - Non-U.S. [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Funded plans | 1,019 | 554 |
Unfunded plans | (3,604) | (5,166) |
Total | $ (2,585) | $ (4,612) |
Pension And Other Postretirem_7
Pension And Other Postretirement Benefits (Assets Recorded In Balance Sheet And Other Comprehensive Income) (Details) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Defined Benefit Plan Disclosure [Line Items] | ||
Postretirement benefits reserves | $ (10,045) | $ (18,430) |
Other Postretirement Benefits [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Balance at December 31 | (4,863) | (6,825) |
Current liabilities | (304) | (323) |
Postretirement benefits reserves | (4,559) | (6,502) |
Total recorded | (4,863) | (6,825) |
Net actuarial loss/(gain) | (1,726) | 197 |
Prior service cost | (190) | (232) |
Total recorded in accumulated other comprehensive income | (1,916) | (35) |
United States | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Balance at December 31 | (1,361) | (5,245) |
Total recorded | (1,361) | (5,245) |
United States | Pension Plans, Defined Benefit [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Balance at December 31 | (1,361) | (5,245) |
Current liabilities | (168) | (206) |
Postretirement benefits reserves | (1,193) | (5,039) |
Total recorded | (1,361) | (5,245) |
Net actuarial loss/(gain) | 897 | 1,865 |
Prior service cost | (295) | (324) |
Total recorded in accumulated other comprehensive income | 602 | 1,541 |
Pension Benefits - Non-U.S. [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Balance at December 31 | (2,585) | (4,612) |
Total recorded | (2,585) | (4,612) |
Pension Benefits - Non-U.S. [Member] | Pension Plans, Defined Benefit [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Balance at December 31 | (2,585) | (4,612) |
Other assets | 1,962 | 2,544 |
Current liabilities | (254) | (267) |
Postretirement benefits reserves | (4,293) | (6,889) |
Total recorded | (2,585) | (4,612) |
Net actuarial loss/(gain) | 846 | 2,841 |
Prior service cost | 278 | 262 |
Total recorded in accumulated other comprehensive income | $ 1,124 | $ 3,103 |
Pension And Other Postretirem_8
Pension And Other Postretirement Benefits (Long-Term Rates Of Pension And Other Postretirement Benefits) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Defined Benefit Plan Disclosure [Line Items] | |||
Total recorded in other comprehensive income | $ (4,799) | $ (5,220) | $ (1,189) |
Other Postretirement Benefits [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Discount rate (percent) | 3.10% | 2.80% | 3.50% |
Long-term rate of return on funded assets (percent) | 3.80% | 4.60% | 4.60% |
Long-term rate of compensation increase (percent) | 4.50% | 5.50% | 5.75% |
Service cost | $ 138 | $ 188 | $ 181 |
Interest cost | 216 | 221 | 277 |
Expected return on plan assets | (14) | (19) | (18) |
Amortization of actuarial loss/(gain) | 6 | 76 | 95 |
Amortization of prior service cost | (42) | (42) | (42) |
Net periodic benefit cost | 304 | 424 | 493 |
Net actuarial loss/(gain) | (1,910) | (891) | (92) |
Amortization of actuarial (loss)/gain | (6) | (76) | (95) |
Prior service cost/(credit) | 0 | 0 | 0 |
Amortization of prior service (cost)/credit | 42 | 42 | 42 |
Foreign exchange rate changes | (7) | 0 | 11 |
Total recorded in other comprehensive income | (1,881) | (925) | (134) |
Total recorded in net periodic benefit cost and other comprehensive income, before tax | (1,577) | (501) | 359 |
United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total recorded in other comprehensive income | $ (939) | $ (1,286) | $ (1,145) |
United States | Pension Plans, Defined Benefit [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Discount rate (percent) | 3% | 2.80% | 3.50% |
Long-term rate of return on funded assets (percent) | 4.60% | 5.30% | 5.30% |
Long-term rate of compensation increase (percent) | 4.50% | 5.50% | 5.75% |
Service cost | $ 712 | $ 919 | $ 965 |
Interest cost | 518 | 558 | 708 |
Expected return on plan assets | (560) | (722) | (703) |
Amortization of actuarial loss/(gain) | 156 | 244 | 310 |
Amortization of prior service cost | (29) | (23) | 5 |
Net pension enhancement and curtailment/settlement cost | 205 | 489 | 280 |
Net periodic benefit cost | 1,002 | 1,465 | 1,565 |
Net actuarial loss/(gain) | (607) | (504) | (279) |
Amortization of actuarial (loss)/gain | (361) | (733) | (590) |
Prior service cost/(credit) | 0 | (72) | (271) |
Amortization of prior service (cost)/credit | 29 | 23 | (5) |
Total recorded in other comprehensive income | (939) | (1,286) | (1,145) |
Total recorded in net periodic benefit cost and other comprehensive income, before tax | 63 | 179 | 420 |
Pension Benefits - Non-U.S. [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total recorded in other comprehensive income | $ (1,979) | $ (3,009) | $ 90 |
Pension Benefits - Non-U.S. [Member] | Pension Plans, Defined Benefit [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Discount rate (percent) | 2.20% | 1.60% | 2.30% |
Long-term rate of return on funded assets (percent) | 3.50% | 4.10% | 4.10% |
Long-term rate of compensation increase (percent) | 4.20% | 4.20% | 4.80% |
Service cost | $ 570 | $ 774 | $ 707 |
Interest cost | 614 | 526 | 657 |
Expected return on plan assets | (815) | (1,031) | (897) |
Amortization of actuarial loss/(gain) | 180 | 420 | 416 |
Amortization of prior service cost | 43 | 57 | 68 |
Net pension enhancement and curtailment/settlement cost | 4 | 32 | 49 |
Net periodic benefit cost | 596 | 778 | 1,000 |
Net actuarial loss/(gain) | (1,641) | (2,361) | 446 |
Amortization of actuarial (loss)/gain | (183) | (430) | (442) |
Prior service cost/(credit) | 84 | 92 | (82) |
Amortization of prior service (cost)/credit | (40) | (55) | (68) |
Foreign exchange rate changes | (199) | (255) | 236 |
Total recorded in other comprehensive income | (1,979) | (3,009) | 90 |
Total recorded in net periodic benefit cost and other comprehensive income, before tax | $ (1,383) | $ (2,231) | $ 1,090 |
Pension And Other Postretirem_9
Pension And Other Postretirement Benefits (Summary Of The Change In Accumulated Other Comprehensive Income) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Defined Benefit Plan Disclosure [Line Items] | |||
Total (charge)/credit to other comprehensive income, before tax | $ 4,799 | $ 5,220 | $ 1,189 |
(Charge)/credit to income tax (see Note 4) | (1,236) | (1,287) | (153) |
(Charge)/credit to investment in equity companies | 235 | 110 | (110) |
(Charge)/credit to other comprehensive income including noncontrolling interests, after tax | 3,798 | 4,043 | 926 |
Charge/(credit) to equity of noncontrolling interests | (212) | (217) | 30 |
Other Postretirement Benefits [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total (charge)/credit to other comprehensive income, before tax | 1,881 | 925 | 134 |
Exxon Mobil Corporation Share After Noncontrolling Interest [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total change in accumulated other comprehensive income | 3,586 | 3,826 | 956 |
United States | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total (charge)/credit to other comprehensive income, before tax | 939 | 1,286 | 1,145 |
Pension Benefits - Non-U.S. [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total (charge)/credit to other comprehensive income, before tax | $ 1,979 | $ 3,009 | $ (90) |
Pension And Other Postretire_10
Pension And Other Postretirement Benefits (Fair Value Of Benefit Plan Assets) (Details) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
United States | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets | $ 10,989 | $ 13,266 |
United States | Total At Fair Value [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets, net asset value | 3,535 | 4,073 |
Fair value of plan assets | 10,986 | 13,260 |
United States | U.S. Equity Securities [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets, net asset value | 1,726 | 1,956 |
Fair value of plan assets | 1,726 | 1,956 |
United States | Non-U.S. Equity Securities [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets, net asset value | 1,131 | 1,290 |
Fair value of plan assets | 1,131 | 1,290 |
United States | Private Equity [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets, net asset value | 506 | 661 |
Fair value of plan assets | 506 | 661 |
United States | Government Debt Securities [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets, net asset value | 2 | 2 |
Fair value of plan assets | 2,871 | 3,947 |
United States | Asset-Backed Debt Securities [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets, net asset value | 1 | 1 |
Fair value of plan assets | 1 | 1 |
United States | Corporate Debt Securities [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets, net asset value | 1 | 1 |
Fair value of plan assets | 4,583 | 5,243 |
United States | Cash [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets, net asset value | 168 | 162 |
Fair value of plan assets | 168 | 162 |
United States | Insurance Contracts At Contract Value [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets | 3 | 6 |
United States | Fair Value Inputs Level 2 [Member] | Total At Fair Value [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets, fair value hierarchy | 7,451 | 9,187 |
United States | Fair Value Inputs Level 2 [Member] | Government Debt Securities [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets, fair value hierarchy | 2,869 | 3,945 |
United States | Fair Value Inputs Level 2 [Member] | Corporate Debt Securities [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets, fair value hierarchy | 4,582 | 5,242 |
Pension Benefits - Non-U.S. [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets | 16,757 | 24,880 |
Pension Benefits - Non-U.S. [Member] | Total At Fair Value [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets, net asset value | 16,116 | 24,217 |
Fair value of plan assets | 16,736 | 24,858 |
Pension Benefits - Non-U.S. [Member] | U.S. Equity Securities [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets, net asset value | 2,318 | 3,416 |
Fair value of plan assets | 2,318 | 3,416 |
Pension Benefits - Non-U.S. [Member] | Non-U.S. Equity Securities [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets, net asset value | 1,676 | 2,424 |
Fair value of plan assets | 1,737 | 2,500 |
Pension Benefits - Non-U.S. [Member] | Private Equity [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets, net asset value | 472 | 627 |
Fair value of plan assets | 472 | 627 |
Pension Benefits - Non-U.S. [Member] | Government Debt Securities [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets, net asset value | 7,189 | 11,620 |
Fair value of plan assets | 7,535 | 11,926 |
Pension Benefits - Non-U.S. [Member] | Asset-Backed Debt Securities [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets, net asset value | 185 | 191 |
Fair value of plan assets | 207 | 216 |
Pension Benefits - Non-U.S. [Member] | Corporate Debt Securities [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets, net asset value | 4,199 | 5,831 |
Fair value of plan assets | 4,262 | 5,950 |
Pension Benefits - Non-U.S. [Member] | Cash [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets, net asset value | 77 | 108 |
Fair value of plan assets | 205 | 223 |
Pension Benefits - Non-U.S. [Member] | Insurance Contracts At Contract Value [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets | 21 | 22 |
Pension Benefits - Non-U.S. [Member] | Fair Value Inputs Level 1 [Member] | Total At Fair Value [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets, fair value hierarchy | 351 | 347 |
Pension Benefits - Non-U.S. [Member] | Fair Value Inputs Level 1 [Member] | Non-U.S. Equity Securities [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets, fair value hierarchy | 61 | 76 |
Pension Benefits - Non-U.S. [Member] | Fair Value Inputs Level 1 [Member] | Government Debt Securities [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets, fair value hierarchy | 202 | 209 |
Pension Benefits - Non-U.S. [Member] | Fair Value Inputs Level 1 [Member] | Cash [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets, fair value hierarchy | 88 | 62 |
Pension Benefits - Non-U.S. [Member] | Fair Value Inputs Level 2 [Member] | Total At Fair Value [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets, fair value hierarchy | 269 | 294 |
Pension Benefits - Non-U.S. [Member] | Fair Value Inputs Level 2 [Member] | Government Debt Securities [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets, fair value hierarchy | 144 | 97 |
Pension Benefits - Non-U.S. [Member] | Fair Value Inputs Level 2 [Member] | Asset-Backed Debt Securities [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets, fair value hierarchy | 22 | 25 |
Pension Benefits - Non-U.S. [Member] | Fair Value Inputs Level 2 [Member] | Corporate Debt Securities [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets, fair value hierarchy | 63 | 119 |
Pension Benefits - Non-U.S. [Member] | Fair Value Inputs Level 2 [Member] | Cash [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets, fair value hierarchy | $ 40 | $ 53 |
Pension And Other Postretire_11
Pension And Other Postretirement Benefits (Fair Value Of Benefit Plan Assets - Other Postretirement) (Details) - Other Postretirement Benefit Plans Defined Benefit [Member] - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of plan assets, net asset value | $ 0 | $ 0 | |
Fair value of plan assets | 348 | 440 | $ 446 |
U.S. Equity Securities [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of plan assets, net asset value | 0 | 0 | |
Fair value of plan assets | 70 | 91 | |
Non-U.S. Equity Securities [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of plan assets, net asset value | 0 | 0 | |
Fair value of plan assets | 37 | 45 | |
Asset-backed Securities [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of plan assets | 4 | ||
Government Debt Securities [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of plan assets | 175 | 206 | |
Corporate Debt Securities [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of plan assets | 59 | 95 | |
Cash [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of plan assets, net asset value | 0 | 0 | |
Fair value of plan assets | 3 | 3 | |
Fair Value Inputs Level 1 [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of plan assets, fair value hierarchy | 107 | 136 | |
Fair Value Inputs Level 1 [Member] | U.S. Equity Securities [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of plan assets, fair value hierarchy | 70 | 91 | |
Fair Value Inputs Level 1 [Member] | Non-U.S. Equity Securities [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of plan assets, fair value hierarchy | 37 | 45 | |
Fair Value Inputs Level 2 [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of plan assets, fair value hierarchy | 241 | 304 | |
Fair Value Inputs Level 2 [Member] | Asset-backed Securities [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of plan assets, fair value hierarchy | 4 | ||
Fair Value Inputs Level 2 [Member] | Government Debt Securities [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of plan assets, fair value hierarchy | 175 | 206 | |
Fair Value Inputs Level 2 [Member] | Corporate Debt Securities [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of plan assets, fair value hierarchy | 59 | 95 | |
Fair Value Inputs Level 2 [Member] | Cash [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of plan assets, fair value hierarchy | $ 3 | $ 3 |
Pension And Other Postretire_12
Pension And Other Postretirement Benefits (Pension Plans With Accumulated Benefit Obligation In Excess Of Plan Assets) (Details) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
United States | Funded Pension Plans [Member] | ||
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets [Abstract] | ||
Accumulated benefit obligation | $ 0 | $ 14,511 |
Fair value of plan assets | 0 | 13,266 |
Defined Benefit Plan, Pension Plan with Projected Benefit Obligation in Excess of Plan Assets [Abstract] | ||
Projected benefit obligation | 11,012 | 16,836 |
Fair value of plan assets | 10,989 | 13,266 |
United States | Unfunded Pension Plans [Member] | ||
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets [Abstract] | ||
Accumulated benefit obligation | 1,045 | 1,270 |
Defined Benefit Plan, Pension Plan with Projected Benefit Obligation in Excess of Plan Assets [Abstract] | ||
Projected benefit obligation | 1,338 | 1,675 |
Pension Benefits - Non-U.S. [Member] | Funded Pension Plans [Member] | ||
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets [Abstract] | ||
Accumulated benefit obligation | 1,098 | 3,108 |
Fair value of plan assets | 400 | 1,711 |
Defined Benefit Plan, Pension Plan with Projected Benefit Obligation in Excess of Plan Assets [Abstract] | ||
Projected benefit obligation | 1,956 | 4,840 |
Fair value of plan assets | 1,012 | 2,849 |
Pension Benefits - Non-U.S. [Member] | Unfunded Pension Plans [Member] | ||
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets [Abstract] | ||
Accumulated benefit obligation | 3,261 | 4,685 |
Defined Benefit Plan, Pension Plan with Projected Benefit Obligation in Excess of Plan Assets [Abstract] | ||
Projected benefit obligation | $ 3,604 | $ 5,166 |
Pension And Other Postretire_13
Pension And Other Postretirement Benefits (Expected Contribution Pension Benefits And Other Postretirement Benefits) (Details) $ in Millions | Dec. 31, 2022 USD ($) |
Gross Other Post Retirement Benefits [Member] | |
Defined Benefit Plan Disclosure [Line Items] | |
Benefits payments expected in 2023 | $ 399 |
Benefits payments expected in 2024 | 395 |
Benefits payments expected in 2025 | 391 |
Benefits payments expected in 2026 | 385 |
Benefits payments expected in 2027 | 382 |
Benefits payments expected in 2028-2032 | 1,930 |
Other Postretirement Benefits Medicare Subsidy Receipt [Member] | |
Defined Benefit Plan Disclosure [Line Items] | |
Benefits payments expected in 2023 | 21 |
Benefits payments expected in 2024 | 22 |
Benefits payments expected in 2025 | 23 |
Benefits payments expected in 2026 | 24 |
Benefits payments expected in 2027 | 24 |
Benefit payments expected in 2028-2032 | 128 |
United States | |
Defined Benefit Plan Disclosure [Line Items] | |
Contributions expected in 2023 | 0 |
Benefits payments expected in 2023 | 956 |
Benefits payments expected in 2024 | 963 |
Benefits payments expected in 2025 | 985 |
Benefits payments expected in 2026 | 1,009 |
Benefits payments expected in 2027 | 1,024 |
Benefits payments expected in 2028-2032 | 5,430 |
Pension Benefits - Non-U.S. [Member] | |
Defined Benefit Plan Disclosure [Line Items] | |
Contributions expected in 2023 | 570 |
Benefits payments expected in 2023 | 1,149 |
Benefits payments expected in 2024 | 1,140 |
Benefits payments expected in 2025 | 1,123 |
Benefits payments expected in 2026 | 1,109 |
Benefits payments expected in 2027 | 1,154 |
Benefits payments expected in 2028-2032 | $ 5,978 |
Disclosures About Segments An_3
Disclosures About Segments And Related Information (Narrative) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Segment Reporting, Measurement Disclosures [Abstract] | |||
Non-debt-related interest expense | $ 117 | $ 103 | $ 148 |
Disclosures About Segments An_4
Disclosures About Segments And Related Information (Schedule Of Segments And Related Information) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Segment Reporting Information [Line Items] | |||
Earnings (loss) after income tax | $ 55,740 | $ 23,040 | $ (22,440) |
Effect of asset impairments - noncash, after-tax | (20,253) | ||
Earnings of equity companies included above | 11,463 | 6,657 | 1,732 |
Sales and other operating revenue | 413,680 | 285,640 | 181,502 |
Depreciation and depletion expense | 24,040 | 20,607 | 46,009 |
Interest revenue | 446 | 33 | 49 |
Interest expense | 798 | 947 | 1,158 |
Income tax expense (benefit) | 20,176 | 7,636 | (5,632) |
Additions to property, plant and equipment | 18,338 | 12,541 | 17,342 |
Investments in equity companies | 34,522 | 31,225 | 29,772 |
Total Assets | 369,067 | 338,923 | 332,750 |
Sales and other operating revenue | |||
Segment Reporting Information [Line Items] | |||
Sales and other operating revenue | 398,675 | 276,692 | 178,574 |
United States | |||
Segment Reporting Information [Line Items] | |||
Income tax expense (benefit) | 5,644 | 1,602 | (6,533) |
United States | Sales and other operating revenue | |||
Segment Reporting Information [Line Items] | |||
Sales and other operating revenue | 149,225 | 104,236 | 62,663 |
Non-U.S. | |||
Segment Reporting Information [Line Items] | |||
Income tax expense (benefit) | 14,532 | 6,034 | 901 |
Non-U.S. | Sales and other operating revenue | |||
Segment Reporting Information [Line Items] | |||
Sales and other operating revenue | 249,450 | 172,456 | 115,911 |
Upstream | United States | |||
Segment Reporting Information [Line Items] | |||
Earnings (loss) after income tax | 11,728 | 3,663 | (19,385) |
Effect of asset impairments - noncash, after-tax | (17,138) | ||
Earnings of equity companies included above | 411 | 288 | (559) |
Intersegment revenue | 25,658 | 16,692 | 8,508 |
Depreciation and depletion expense | 5,791 | 6,831 | 28,627 |
Interest expense | 51 | 58 | 52 |
Income tax expense (benefit) | 3,330 | 1,116 | (5,958) |
Additions to property, plant and equipment | 5,940 | 3,308 | 5,726 |
Investments in equity companies | 4,893 | 4,999 | 4,792 |
Total Assets | 66,695 | 67,294 | 71,287 |
Upstream | United States | Sales and other operating revenue | |||
Segment Reporting Information [Line Items] | |||
Sales and other operating revenue | 14,579 | 8,883 | 5,876 |
Upstream | Non-U.S. | |||
Segment Reporting Information [Line Items] | |||
Earnings (loss) after income tax | 24,751 | 12,112 | (645) |
Effect of asset impairments - noncash, after-tax | (2,287) | ||
Earnings of equity companies included above | 10,133 | 5,535 | 2,101 |
Intersegment revenue | 46,076 | 33,405 | 19,642 |
Depreciation and depletion expense | 14,013 | 9,918 | 12,723 |
Interest expense | 38 | 36 | 93 |
Income tax expense (benefit) | 11,575 | 4,871 | 742 |
Additions to property, plant and equipment | 6,441 | 5,308 | 4,418 |
Investments in equity companies | 21,502 | 18,544 | 18,135 |
Total Assets | 139,764 | 141,978 | 144,730 |
Upstream | Non-U.S. | Sales and other operating revenue | |||
Segment Reporting Information [Line Items] | |||
Sales and other operating revenue | 30,585 | 12,914 | 8,673 |
Energy Products [Member] | United States | |||
Segment Reporting Information [Line Items] | |||
Earnings (loss) after income tax | 8,340 | 668 | (1,342) |
Effect of asset impairments - noncash, after-tax | (15) | ||
Earnings of equity companies included above | 126 | 122 | 134 |
Intersegment revenue | 29,001 | 16,735 | 9,847 |
Depreciation and depletion expense | 741 | 700 | 693 |
Interest expense | 1 | 1 | 1 |
Income tax expense (benefit) | 2,615 | 156 | (493) |
Additions to property, plant and equipment | 1,141 | 979 | 2,937 |
Investments in equity companies | 368 | 353 | 352 |
Total Assets | 31,729 | 26,932 | 23,192 |
Energy Products [Member] | United States | Sales and other operating revenue | |||
Segment Reporting Information [Line Items] | |||
Sales and other operating revenue | 117,824 | 78,500 | 46,401 |
Energy Products [Member] | Non-U.S. | |||
Segment Reporting Information [Line Items] | |||
Earnings (loss) after income tax | 6,626 | (1,014) | (1,230) |
Effect of asset impairments - noncash, after-tax | (412) | ||
Earnings of equity companies included above | 322 | 100 | (192) |
Intersegment revenue | 36,894 | 25,097 | 13,417 |
Depreciation and depletion expense | 1,246 | 1,036 | 1,508 |
Interest expense | 7 | 6 | 20 |
Income tax expense (benefit) | 2,420 | (165) | 89 |
Additions to property, plant and equipment | 964 | 874 | 1,446 |
Investments in equity companies | 1,154 | 972 | 952 |
Total Assets | 41,836 | 37,698 | 33,566 |
Energy Products [Member] | Non-U.S. | Sales and other operating revenue | |||
Segment Reporting Information [Line Items] | |||
Sales and other operating revenue | 188,153 | 130,406 | 86,966 |
Chemical Products [Member] | United States | |||
Segment Reporting Information [Line Items] | |||
Earnings (loss) after income tax | 2,328 | 3,697 | 1,196 |
Effect of asset impairments - noncash, after-tax | (100) | ||
Earnings of equity companies included above | 91 | (139) | (21) |
Intersegment revenue | 9,081 | 5,993 | 4,313 |
Depreciation and depletion expense | 542 | 505 | 607 |
Income tax expense (benefit) | 520 | 1,235 | 421 |
Additions to property, plant and equipment | 1,026 | 538 | 1,158 |
Investments in equity companies | 3,124 | 3,019 | 2,543 |
Total Assets | 17,342 | 16,695 | 15,529 |
Chemical Products [Member] | United States | Sales and other operating revenue | |||
Segment Reporting Information [Line Items] | |||
Sales and other operating revenue | 10,670 | 11,995 | 6,391 |
Chemical Products [Member] | Non-U.S. | |||
Segment Reporting Information [Line Items] | |||
Earnings (loss) after income tax | 1,215 | 3,292 | 1,061 |
Effect of asset impairments - noncash, after-tax | (21) | ||
Earnings of equity companies included above | 771 | 1,141 | 750 |
Intersegment revenue | 5,201 | 4,082 | 2,191 |
Depreciation and depletion expense | 446 | 450 | 461 |
Interest expense | 1 | 1 | 0 |
Income tax expense (benefit) | 292 | 684 | 277 |
Additions to property, plant and equipment | 1,692 | 712 | 546 |
Investments in equity companies | 2,417 | 2,490 | 2,413 |
Total Assets | 15,875 | 14,555 | 13,653 |
Chemical Products [Member] | Non-U.S. | Sales and other operating revenue | |||
Segment Reporting Information [Line Items] | |||
Sales and other operating revenue | 16,949 | 16,633 | 11,243 |
Specialty Products [Member] | United States | |||
Segment Reporting Information [Line Items] | |||
Earnings (loss) after income tax | 1,190 | 1,452 | 571 |
Effect of asset impairments - noncash, after-tax | 0 | ||
Earnings of equity companies included above | 0 | 0 | 0 |
Intersegment revenue | 2,587 | 2,193 | 1,620 |
Depreciation and depletion expense | 95 | 97 | 101 |
Income tax expense (benefit) | 334 | 464 | 188 |
Additions to property, plant and equipment | 37 | 28 | 109 |
Investments in equity companies | 0 | 0 | 0 |
Total Assets | 2,839 | 2,878 | 2,872 |
Specialty Products [Member] | United States | Sales and other operating revenue | |||
Segment Reporting Information [Line Items] | |||
Sales and other operating revenue | 6,152 | 4,858 | 3,993 |
Specialty Products [Member] | Non-U.S. | |||
Segment Reporting Information [Line Items] | |||
Earnings (loss) after income tax | 1,225 | 1,807 | 630 |
Effect of asset impairments - noncash, after-tax | (245) | ||
Earnings of equity companies included above | (23) | (36) | (97) |
Intersegment revenue | 825 | 749 | 361 |
Depreciation and depletion expense | 193 | 195 | 397 |
Interest expense | 1 | 1 | 1 |
Income tax expense (benefit) | 252 | 329 | 299 |
Additions to property, plant and equipment | 200 | 136 | 331 |
Investments in equity companies | 1,177 | 1,185 | 1,028 |
Total Assets | 8,316 | 8,030 | 7,849 |
Specialty Products [Member] | Non-U.S. | Sales and other operating revenue | |||
Segment Reporting Information [Line Items] | |||
Sales and other operating revenue | 13,727 | 12,473 | 8,993 |
Corporate And Financing [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings (loss) after income tax | (1,663) | (2,636) | (3,296) |
Effect of asset impairments - noncash, after-tax | (35) | ||
Earnings of equity companies included above | (368) | (354) | (384) |
Intersegment revenue | 241 | 227 | 221 |
Depreciation and depletion expense | 973 | 875 | 892 |
Interest revenue | 446 | 33 | 49 |
Interest expense | 699 | 844 | 991 |
Income tax expense (benefit) | (1,162) | (1,054) | (1,197) |
Additions to property, plant and equipment | 897 | 658 | 671 |
Investments in equity companies | (113) | (337) | (443) |
Total Assets | 44,671 | 22,863 | 20,072 |
Corporate And Financing [Member] | Sales and other operating revenue | |||
Segment Reporting Information [Line Items] | |||
Sales and other operating revenue | $ 36 | $ 30 | $ 38 |
Disclosures About Segments An_5
Disclosures About Segments And Related Information ( Sales and Other Operating Revenues) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Disaggregation of Revenue [Line Items] | |||
Total | $ 413,680 | $ 285,640 | $ 181,502 |
Sales and other operating revenue | |||
Disaggregation of Revenue [Line Items] | |||
Sales and other operating revenue | 304,758 | 228,968 | 153,478 |
Revenue outside the scope of ASC 606 | 93,917 | 47,724 | 25,096 |
Total | $ 398,675 | $ 276,692 | $ 178,574 |
Disclosures About Segments An_6
Disclosures About Segments And Related Information (Schedule Of Geographic Sales And Other Operating Revenue) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Segment Reporting Revenue Reconciling Item [Line Items] | |||
Total | $ 413,680 | $ 285,640 | $ 181,502 |
Sales and other operating revenue | |||
Segment Reporting Revenue Reconciling Item [Line Items] | |||
Total | 398,675 | 276,692 | 178,574 |
United States | Sales and other operating revenue | |||
Segment Reporting Revenue Reconciling Item [Line Items] | |||
Total | 149,225 | 104,236 | 62,663 |
Non-U.S. | Sales and other operating revenue | |||
Segment Reporting Revenue Reconciling Item [Line Items] | |||
Total | 249,450 | 172,456 | 115,911 |
United Kingdom | Sales and other operating revenue | |||
Segment Reporting Revenue Reconciling Item [Line Items] | |||
Total | 33,988 | 14,759 | 11,055 |
Canada | Sales and other operating revenue | |||
Segment Reporting Revenue Reconciling Item [Line Items] | |||
Total | 32,970 | 22,166 | 13,093 |
Singapore | Sales and other operating revenue | |||
Segment Reporting Revenue Reconciling Item [Line Items] | |||
Total | 19,029 | 15,031 | 9,442 |
France | Sales and other operating revenue | |||
Segment Reporting Revenue Reconciling Item [Line Items] | |||
Total | 17,727 | 13,236 | 8,676 |
Italy | Sales and other operating revenue | |||
Segment Reporting Revenue Reconciling Item [Line Items] | |||
Total | 11,496 | 10,056 | 7,091 |
Australia | Sales and other operating revenue | |||
Segment Reporting Revenue Reconciling Item [Line Items] | |||
Total | 11,316 | 7,646 | 5,839 |
Belgium | Sales and other operating revenue | |||
Segment Reporting Revenue Reconciling Item [Line Items] | |||
Total | $ 11,279 | $ 9,153 | $ 6,231 |
Disclosures About Segments An_7
Disclosures About Segments And Related Information (Schedule Of Long-Lived Assets By Geographic Regions) (Details) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 |
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, net | $ 204,692 | $ 216,552 | $ 227,553 |
United States | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, net | 90,051 | 90,412 | 94,732 |
Non-U.S. | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, net | 114,641 | 126,140 | 132,821 |
Canada | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, net | 31,106 | 34,907 | 36,232 |
Singapore | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, net | 11,972 | 11,969 | 12,129 |
Australia | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, net | 11,372 | 12,988 | 14,792 |
Kazakhstan | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, net | 8,172 | 8,463 | 8,882 |
Papua New Guinea | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, net | 7,338 | 7,534 | 7,803 |
Guyana | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, net | 6,766 | 4,892 | 3,547 |
United Arab Emirates | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, net | 5,448 | 5,392 | 5,381 |
Nigeria | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, net | 4,090 | 5,235 | 6,345 |
Brazil | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, net | 3,649 | 4,337 | 3,281 |
Angola | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, net | 2,793 | 3,207 | 4,405 |
Russia | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, net | $ 0 | $ 4,055 | $ 4,616 |
Income And Other Taxes (Narrati
Income And Other Taxes (Narrative) (Details) - USD ($) $ in Millions | 3 Months Ended | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Income And Other Taxes [Abstract] | ||||
Effective income tax rate reconciliation, European tax on energy sector, amount | $ 1,800 | |||
Reconciliation between income tax expense and theoretical U.S. tax rate, statutory rate | 21% | 21% | 21% | |
Valuation Allowance [Abstract] | ||||
Asset valuation allowances | 2,650 | $ 2,650 | $ 2,634 | |
Valuation allowance change from 2021 to 2022 | $ 16 | |||
Potential percentage increase in unrecognized tax benefits | 20% | |||
Potential percentage decrease in unrecognized tax benefits | 10% | |||
Interest expense on income tax reserves | $ 16 | 0 | $ (6) | |
Interest payable on income tax reserves | $ 63 | 63 | 61 | |
Change in net provisions [Member] | ||||
Valuation Allowance [Abstract] | ||||
Valuation allowance change from 2021 to 2022 | 202 | |||
Effects of foreign currency translation [Member] | ||||
Valuation Allowance [Abstract] | ||||
Valuation allowance change from 2021 to 2022 | 186 | |||
Total US and Non US | ||||
Income And Other Taxes [Abstract] | ||||
Net deferred income tax expense (credits)/charges for tax rate and law changes | $ 30 | $ (53) | (25) | |
AssetImpairments [Member] | ||||
Income And Other Taxes [Abstract] | ||||
Net deferred income tax expense (credits)/charges for tax rate and law changes | $ (6,300) |
Income And Other Taxes (Schedul
Income And Other Taxes (Schedule Of Income And Other Taxes) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Income and Other Taxes [Line Items] | |||
Current | $ 15,767 | $ 7,184 | $ 3,170 |
Deferred - net | 3,583 | (44) | (8,052) |
U.S. tax on non-U.S. operations | 65 | 26 | 13 |
Total federal and non-U.S. | 19,415 | 7,166 | (4,869) |
State | 761 | 470 | (763) |
Total income tax expense (benefit) | 20,176 | 7,636 | (5,632) |
Other taxes and duties | 27,919 | 30,239 | 26,122 |
Other taxes and duties included in production and manufacturing expenses | 3,066 | 2,263 | 1,811 |
Other taxes and duties included in SG&A expenses | 470 | 453 | 492 |
Total other taxes and duties | 31,455 | 32,955 | 28,425 |
Total | 51,631 | 40,591 | 22,793 |
United States | |||
Income and Other Taxes [Line Items] | |||
Current | 696 | 236 | 262 |
Deferred - net | 4,122 | 870 | (6,045) |
U.S. tax on non-U.S. operations | 65 | 26 | 13 |
Total federal and non-U.S. | 4,883 | 1,132 | (5,770) |
State | 761 | 470 | (763) |
Total income tax expense (benefit) | 5,644 | 1,602 | (6,533) |
Other taxes and duties | 4,087 | 3,731 | 3,108 |
Other taxes and duties included in production and manufacturing expenses | 2,204 | 1,589 | 1,148 |
Other taxes and duties included in SG&A expenses | 151 | 170 | 164 |
Total other taxes and duties | 6,442 | 5,490 | 4,420 |
Total | 12,086 | 7,092 | (2,113) |
Non-U.S. | |||
Income and Other Taxes [Line Items] | |||
Current | 15,071 | 6,948 | 2,908 |
Deferred - net | (539) | (914) | (2,007) |
Total federal and non-U.S. | 14,532 | 6,034 | 901 |
Total income tax expense (benefit) | 14,532 | 6,034 | 901 |
Other taxes and duties | 23,832 | 26,508 | 23,014 |
Other taxes and duties included in production and manufacturing expenses | 862 | 674 | 663 |
Other taxes and duties included in SG&A expenses | 319 | 283 | 328 |
Total other taxes and duties | 25,013 | 27,465 | 24,005 |
Total | $ 39,545 | $ 33,499 | $ 24,906 |
Income And Other Taxes (Reconci
Income And Other Taxes (Reconciliation Between Income Tax Expense And Theoretical U.S. Tax) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Income And Other Taxes [Abstract] | |||
United States income (loss) before income taxes | $ 28,281 | $ 9,478 | $ (27,704) |
Non-U.S. income (loss) before income taxes | 49,472 | 21,756 | (1,179) |
Income (loss) before income taxes | 77,753 | 31,234 | (28,883) |
Theoretical tax | 16,328 | 6,559 | (6,065) |
Effect of equity method of accounting | (2,407) | (1,398) | (364) |
Non-U.S. taxes in excess of/(less than) theoretical U.S. tax | 6,423 | 2,809 | 1,606 |
State taxes, net of federal tax benefit | 601 | 371 | (603) |
Other | (769) | (705) | (206) |
Total income tax expense (benefit) | 20,176 | 7,636 | (5,632) |
ExxonMobil share of equity company income taxes | 7,594 | 2,756 | 861 |
Total income tax expense (credit) | 27,770 | 10,392 | (4,771) |
Net income (loss) including noncontrolling interests | 57,577 | 23,598 | (23,251) |
Total income (loss) before taxes | $ 85,347 | $ 33,990 | $ (28,022) |
Effective income tax rate | 33% | 31% | 17% |
Reconciliation between income tax expense and theoretical U.S. tax rate, statutory rate | 21% | 21% | 21% |
United States | |||
Income And Other Taxes [Abstract] | |||
Total income tax expense (benefit) | $ 5,644 | $ 1,602 | $ (6,533) |
Deferred tax asset valuation allowances | 115 | ||
Effective Tax Rate [Line Items] | |||
Deferred tax asset valuation allowances | 115 | ||
Non-U.S. | |||
Income And Other Taxes [Abstract] | |||
Total income tax expense (benefit) | 14,532 | $ 6,034 | 901 |
Deferred tax asset valuation allowances | 647 | ||
Effective Tax Rate [Line Items] | |||
Deferred tax asset valuation allowances | $ 647 | ||
European tax impact | $ 1,825 |
Income And Other Taxes (Deferre
Income And Other Taxes (Deferred Income Taxes Assets And Liabilities) (Details) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Income And Other Taxes [Abstract] | ||
Property, plant and equipment | $ 25,607 | $ 27,888 |
Other liabilities | 7,401 | 6,353 |
Total deferred tax liabilities | 33,008 | 34,241 |
Pension and other postretirement benefits | (1,754) | (3,687) |
Asset retirement obligations | (3,045) | (2,865) |
Tax loss carryforwards | (4,862) | (6,914) |
Other assets | (6,948) | (7,694) |
Total deferred tax assets | (16,609) | (21,160) |
Asset valuation allowances | 2,650 | 2,634 |
Net deferred tax liabilities | $ 19,049 | $ 15,715 |
Income And Other Taxes (Defer_2
Income And Other Taxes (Deferred Income Tax (Assets) And Liabilities By Balance Sheet Classification) (Details) - USD ($) $ in Millions | Dec. 31, 2022 | Dec. 31, 2021 |
Income And Other Taxes [Abstract] | ||
Other assets, including intangibles, net | $ (3,825) | $ (4,450) |
Deferred income tax liabilities | 22,874 | 20,165 |
Net deferred tax liabilities | $ 19,049 | $ 15,715 |
Income And Other Taxes (Unrecog
Income And Other Taxes (Unrecognized Tax Benefits) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2022 | Dec. 31, 2021 | Dec. 31, 2020 | |
Unrecognized Tax Benefits [Roll Forward] | |||
Balance at January 1 | $ 9,130 | $ 8,764 | $ 8,844 |
Additions based on current year's tax positions | 539 | 358 | 253 |
Additions for prior years' tax positions | 294 | 100 | 218 |
Reductions for prior years' tax positions | (6,243) | (79) | (201) |
Reductions due to lapse of the statute of limitations | (16) | (2) | (237) |
Settlements with tax authorities | (277) | (11) | (113) |
Foreign exchange effects/other | (29) | 0 | 0 |
Balance at December 31 | $ 3,398 | $ 9,130 | $ 8,764 |
Income And Other Taxes (Remaini
Income And Other Taxes (Remaining Tax Years Subject To Examination By Major Tax Jurisdiction) (Details) | 12 Months Ended |
Dec. 31, 2022 | |
Abu Dhabi [Member] | Earliest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2021 |
Abu Dhabi [Member] | Latest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2022 |
Angola | Earliest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2018 |
Angola | Latest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2022 |
Australia | Earliest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2010 |
Australia | Latest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2022 |
Belgium | Earliest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2017 |
Belgium | Latest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2022 |
Canada | Earliest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2001 |
Canada | Latest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2022 |
Equatorial Guinea [Member] | Earliest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2009 |
Equatorial Guinea [Member] | Latest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2022 |
Indonesia [Member] | Earliest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2008 |
Indonesia [Member] | Latest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2022 |
Iraq [Member] | Earliest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2017 |
Iraq [Member] | Latest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2022 |
Malaysia [Member] | Earliest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2018 |
Malaysia [Member] | Latest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2022 |
Nigeria | Earliest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2006 |
Nigeria | Latest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2022 |
Papua New Guinea | Earliest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2008 |
Papua New Guinea | Latest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2022 |
United Kingdom | Earliest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2015 |
United Kingdom | Latest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2022 |
United States [Member] | Earliest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2010 |
United States [Member] | Latest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2022 |
Divestment Activities (Narrativ
Divestment Activities (Narrative) (Details) - USD ($) $ in Millions | 2 Months Ended | 12 Months Ended |
Dec. 31, 2022 | Dec. 31, 2022 | |
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||
DisposalGroupNotDiscontinuedOperationGainLossOnDisposalStatementOfIncomeExtensibleListNotDisclosedFlag | net after-tax earnings | |
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | ||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||
Proceeds from Sale of Productive Assets | $ 5,000 | |
Disposal Group, Not Discontinued Operation, Gain (Loss) on Disposal | $ 400 | |
Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] | Santa Ynez Unit | ||
Income Statement, Balance Sheet and Additional Disclosures by Disposal Groups, Including Discontinued Operations [Line Items] | ||
Disposal Group, Not Discontinued Operation, Expected Gain (Loss) On Disposal | $ (2,000) |