Exxon Mobil Corp

ExxonMobil was incorporated in New Jersey in 1882 and does business in the United States and most other countries, under names including Exxon, Mobil, Esso and XTO. It explores for and produces oil and natural gas. It also makes, trades, ships and sells fuels, petrochemicals (chemicals made from oil and gas, used in plastics) and specialty products. Its customers include industrial businesses and individual consumers.

ExxonMobil reports results through segments including Upstream, which finds and produces oil and gas, and Energy Products, Chemical Products and Specialty Products, which turn raw materials into fuels, chemicals and other goods. These businesses pull in different directions: a big drop in oil or gas prices hurts Upstream most, while a big rise can squeeze the other three, whose profits depend on margins between costs and selling prices. The 10-K gives no clean revenue split by segment. In FY2025, revenue was $332.2 billion, down 5%, and net income was $28.8 billion.

It is also pursuing lower-emission businesses: carbon capture and storage, hydrogen and ammonia, lower-emission fuels, Proxxima resin systems, carbon materials, low-carbon data centers and lithium. At the end of 2025 it held over 8,000 active patents and had 58,000 regular employees, more than 59% of them outside the US. In 2026, XOM shares moved under a parent holding company, ExxonMobil Holdings Corp.

• In Q2 FY2026 (ended Jun 30, 2026), revenue was $116.02B, up 42.3% from a year earlier, and net income was $14.53B (+105.1%).
• For fiscal 2025, revenue was $332.24B (-5.0% year over year; +12.9% a year from FY2020 to FY2025) with a 8.7% net margin.

• Over FY2021–FY2025: $72.96B in buybacks and $78.74B in dividends.
• At least 9 consecutive annual increases: every fiscal year in the SEC data (FY2016–FY2025) shows an increase; the true streak may be longer.
• Regular dividends per share grew +2.8% a year over 5 years (FY2020–FY2025).
• Dividends took 59.7% of earnings and 73% of free cash flow in the latest fiscal year.
• Shares outstanding changed -2.9% from Sep 30, 2021 to Jun 30, 2026.

Rank among 1514 US companies

Market value at each year end

Exxon Mobil’s market value went from $374.28B at the end of 2016 to $738.79B on Nov 2, 2026, about 2.0 times as much; since the end of 2025 it is up 46%.

Form 4 filings from 2025-10-28 to 2026-10-28 (24 read): 0 open-market purchases and 7 sales ($2.4M).

Large shareholders (13G filings)

ETFs with the most weight in XOM

See every large ETF that holds XOM, with current weights →

1. Profits swing with oil and gas prices. Oil, gas and petrochemicals are commodities. A big drop in oil or gas prices hurts Upstream results and can cut the reserves worth producing. A big rise can squeeze fuel and chemical margins.
2. Demand could shift away from its products. Greater energy efficiency, electric vehicles, more competitive wind, solar and energy storage, government support for alternatives and substitutes for plastic could all reduce demand for oil, gas and petrochemicals over time.
3. Replacing reserves and delivering big projects. ExxonMobil must keep finding and developing new oil and gas to replace what it produces. Large projects can run late, cost more or produce less than planned, and their results play out over decades.
4. Low-carbon bets depend on government policy. Carbon capture, hydrogen, lithium and its other lower-emission ventures need supportive, stable government policies and technology that works at commercial scale and reasonable cost. Without these, the investments may not pay off.
5. Foreign governments can change the rules. Working in most countries exposes ExxonMobil to sanctions, trade controls, tariffs, unrest, war and uncertain legal protections. Governments can restrict its business, renegotiate its profits or end contracts.
6. Regulation, taxes and lawsuits. New or existing taxes, environmental rules and other regulations could raise ExxonMobil's spending, lower its earnings or weaken its competitive position. Legal cases can add further cost and uncertainty.

• Oct 16, 2026 Investor presentation or announcement
• Sep 25, 2026 Other company announcement
• Aug 28, 2026 Other company announcement
• Jul 31, 2026 Quarterly results released; Investor presentation or announcement
• Jul 7, 2026 Investor presentation or announcement
• Jul 1, 2026 Major agreement signed; Acquisition or sale of assets completed; Listing notice from the exchange; Change to shareholder rights; Executive or board change; Bylaws or fiscal year changed
• May 29, 2026 Shareholder vote results
• May 4, 2026 Executive or board change
• May 1, 2026 Quarterly results released; Investor presentation or announcement
• Apr 8, 2026 Investor presentation or announcement

SEC filings show at least 9 straight annual dividend increases through FY2025, and the true streak may be longer. The dividend rose from $3.48 a share in FY2020 to $4.00 in FY2025, about 2.8% a year. In FY2025 it paid out 59.7% of earnings and 73% of free cash flow (cash from operations after capital spending). In FY2020, when it lost $22.4 billion, it still paid $14.9 billion in dividends. Buybacks totaled $73.0 billion over FY2021–FY2025, and the share count fell 2.9% from September 2021 to June 2026. In FY2025, dividends and buybacks together exceeded free cash flow. The yield was 2.2% as of October 30, 2026.

The shares fell 33.7% during the 2008 financial crisis and took about 39 months to recover. In the 2020 COVID crash they fell 47.9%, recovering in about 11 months. In the 2022 bear market they gained 59.7% while the wider market fell. A single stock carries more risk than a diversified fund.