Long-Term Debt (Tables)

12 Months Ended

Dec. 31, 2025

Long-Term Debt, Unclassified [Abstract]

Summarized long-term debt at year-end 2025 and 2024 are shown in the table below:


(millions of dollars, except where stated otherwise)	Average Rate (1)	Dec 31, 2025	Dec 31, 2024

Exxon Mobil Corporation (2)(3)
3.043% notes due 2026		—	2,500
2.275% notes due 2026		—	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		2,032	1,992
2.610% notes due 2030		2,016	2,000
2.995% notes due 2039		750	750
4.227% notes due 2040		2,043	2,076
3.567% notes due 2045		986	1,000
4.114% notes due 2046		2,497	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
0.524% notes due 2028		1,175	1,039
0.835% notes due 2032		1,175	1,039
1.408% notes due 2039		1,175	1,039
XTO Energy Inc. (4)
6.100% senior notes due 2036		186	187
6.750% senior notes due 2037		282	284
6.375% senior notes due 2038		219	221
Pioneer Natural Resources Company (5)
1.125% senior notes due 2026		—	718
5.100% senior notes due 2026		—	1,097
7.200% senior notes due 2028		247	250
1.900% senior notes due 2030		958	931
2.150% senior notes due 2031		869	846
Parsley Energy LLC (6)
4.125% senior notes due 2028		133	131

Industrial revenue bonds due 2026-2051	2.540%	2,005	2,032
Finance leases & other obligations	4.668%	6,313	3,951
Debt issuance costs		(70)	(78)
Total long-term debt		34,241	36,755

(1) Average effective or imputed interest rates at December 31, 2025.
(2) Includes impacts of hedge accounting of interest rate swaps.
(3) Includes premiums of $72 million in 2025 and $76 million in 2024.
(4) Includes premiums of $60 million in 2025and $66 million in 2024.
(5) Includes net discounts of $267 million in 2025 and $348 million in 2024.
(6) Includes discounts of $5 million in 2025 and $7 million in 2024.

Debt Assumed in the Merger

The following table presents long-term debt assumed at closing:


(millions of dollars)	Par Value	Fair Value as of May 2, 2024
0.250% Convertible Senior Notes due May 2025 (1)	450	1,327
1.125% Senior Notes due January 2026	750	699
5.100% Senior Notes due March 2026	1,100	1,096
7.200% Senior Notes due January 2028	241	252
4.125% Senior Notes due February 2028	138	130
1.900% Senior Notes due August 2030	1,100	914
2.150% Senior Notes due January 2031	1,000	832
(1) In June 2024, the Corporation redeemed in full all of the Convertible Senior Notes assumed from Pioneer for an amount consistent with the acquisition date fair value.

- Definition

Tabular disclosure of long-debt instruments or arrangements, including identification, terms, features, collateral requirements and other information necessary to a fair presentation. These are debt arrangements that originally required repayment more than twelve months after issuance or greater than the normal operating cycle of the entity, if longer.

+ References

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+ Details

EXXON MOBIL CORP 10-K