ExxonMobil Holdings (XOM) FY2025 results: revenue $332.2 billion, down 5.0% on the year

Exxon Mobil Corporation was incorporated in New Jersey in 1882, and its divisions and affiliated companies operate or market products in the United States and most other countries of the world. The principal business is exploration for and production of crude oil and natural gas; the manufacture, trade, transport and sale of crude oil, natural gas, petroleum products, petrochemicals and a wide variety of specialty products; and the pursuit of lower-emission and other new business opportunities, including carbon capture and storage, hydrogen and ammonia, lower-emission fuels, Proxxima resin systems, carbon materials, low-carbon data centers and lithium. Its divisions and affiliates carry many names, among them ExxonMobil, Exxon, Esso, Mobil and XTO. The company is organised along three businesses, Upstream, Product Solutions and Low Carbon Solutions, and reports four segments: Upstream, Energy Products, Chemical Products and Specialty Products. Centralised service-delivery groups sit behind them, covering global projects, technology and engineering, global operations, sustainability, global trading, supply chain and business solutions. There were 58 thousand regular employees at the end of 2025 against 61 thousand a year earlier, over 59 percent of them outside the United States and more than 160 nationalities represented, with an average length of service of about 30 years for career employees. The company held over 8 thousand active patents worldwide at the end of 2025.

Upstream

Oil-equivalent production averaged 4,736 thousand barrels daily in 2025 against 4,333 in 2024, described in the filing as the highest in over 40 years. Net liquids production was 3,329 thousand barrels daily, 1,522 of it in the United States, and natural gas available for sale was 8,442 million cubic feet daily, 3,364 of that in the United States. The company reports that about two thirds of global production currently comes from the Permian Basin, Guyana and LNG resources. The development pipeline runs on the same lines, with continued growth in Guyana and the Permian Basin and LNG expansion opportunities in Qatar, Mozambique, Papua New Guinea and the United States. The Permian position includes the Pioneer assets acquired in 2024.

Energy Products

Energy Products is the refining and fuels business. Refinery throughput was 3,979 thousand barrels daily in 2025, 1,927 in the United States and 2,052 outside it, against 3,900 in 2024. Energy Products sales came to 5,593 thousand barrels daily, split 2,852 in the United States and 2,740 elsewhere.

Chemical Products and Specialty Products

Chemical Products sold 21,303 thousand metric tons in 2025, up from 19,392, with 14,326 of the 2025 total outside the United States. Specialty Products sold 7,791 thousand metric tons, 5,897 of that outside the United States. Both sit inside the Product Solutions business alongside Energy Products.

Low Carbon Solutions

Low Carbon Solutions is reported inside Corporate and Financing rather than as a segment, which the filing puts down to the business continuing to mature through commercialisation and deployment of technology. It works with the Product Solutions and Upstream businesses on carbon capture and storage, hydrogen and ammonia, lower-emission fuels, Proxxima resin systems, carbon materials and low-carbon data centers, as well as lithium to supply the global battery and electric vehicle markets. The company describes room on the U.S. Gulf Coast to grow a carbon capture and storage business that would let industrial customers reduce their emissions.

From ExxonMobil's annual report on Form 10-K for the year ended 31 December 2025. The filing

Written from the 10-K filed 18 February 2026: read the full 10-K.