Document And Entity Information
Document And Entity Information - USD ($) $ in Billions | 12 Months Ended | ||
Dec. 31, 2021 | Jan. 31, 2022 | Jun. 30, 2021 | |
Cover [Abstract] | |||
Document Type | 10-K | ||
Document Annual Report | true | ||
Document Period End Date | Dec. 31, 2021 | ||
Document Fiscal Year Focus | 2021 | ||
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 | ||
Document Information [Line Items] | |||
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 | $ 267 | ||
Entity Common Stock Shares Outstanding | 4,233,592,429 | ||
Amendment Flag | false | ||
Documents Incorporated by Reference Text Block | Proxy Statement for the 2022 Annual Meeting of Shareholders (Part III) | ||
Document Fiscal Period Focus | FY | ||
Entity Central Index Key | 0000034088 | ||
Current Fiscal Year End Date | --12-31 | ||
Auditor Name | PricewaterhouseCoopers LLP | ||
Auditor Location | Dallas, Texas | ||
Auditor Firm ID | 238 | ||
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 |
Consolidated Statement Of Incom
Consolidated Statement Of Income - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Revenues and other income | |||
Sales and other operating revenue | $ 276,692 | $ 178,574 | $ 255,583 |
Income from equity affiliates | 6,657 | 1,732 | 5,441 |
Other income | 2,291 | 1,196 | 3,914 |
Total revenues and other income | 285,640 | 181,502 | 264,938 |
Costs and other deductions | |||
Crude oil and product purchases | 155,164 | 94,007 | 143,801 |
Production and manufacturing expenses | 36,035 | 30,431 | 36,826 |
Selling, general and administrative expenses | 9,574 | 10,168 | 11,398 |
Depreciation and depletion (includes impairments) | 20,607 | 46,009 | 18,998 |
Exploration expenses, including dry holes | 1,054 | 1,285 | 1,269 |
Non-service pension and postretirement benefit expense | 786 | 1,205 | 1,235 |
Interest expense | 947 | 1,158 | 830 |
Other taxes and duties | 30,239 | 26,122 | 30,525 |
Total costs and other deductions | 254,406 | 210,385 | 244,882 |
Income (loss) before income taxes | 31,234 | (28,883) | 20,056 |
Income tax expense (benefit) | 7,636 | (5,632) | 5,282 |
Net income (loss) including noncontrolling interests | 23,598 | (23,251) | 14,774 |
Net income (loss) attributable to noncontrolling interests | 558 | (811) | 434 |
Net income (loss) attributable to ExxonMobil | $ 23,040 | $ (22,440) | $ 14,340 |
Earnings (loss) per common share (dollars) | $ 5.39 | $ (5.25) | $ 3.36 |
Earnings (loss) per common share - assuming dilution (dollars) | $ 5.39 | $ (5.25) | $ 3.36 |
Consolidated Statement Of Compr
Consolidated Statement Of Comprehensive Income - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Statement of Comprehensive Income [Abstract] | |||
Net income (loss) including noncontrolling interests | $ 23,598 | $ (23,251) | $ 14,774 |
Other comprehensive income (loss) (net of income taxes) | |||
Foreign exchange translation adjustment | (872) | 1,916 | 1,735 |
Adjustment for foreign exchange translation (gain)/loss included in net income | (2) | 14 | 0 |
Postretirement benefits reserves adjustment (excluding amortization) | 3,118 | 30 | (2,092) |
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs | 925 | 896 | 582 |
Total other comprehensive income (loss) | 3,169 | 2,856 | 225 |
Comprehensive income (loss) including noncontrolling interests | 26,767 | (20,395) | 14,999 |
Comprehensive income (loss) attributable to noncontrolling interests | 786 | (743) | 588 |
Comprehensive income (loss) attributable to ExxonMobil | $ 25,981 | $ (19,652) | $ 14,411 |
Consolidated Balance Sheet
Consolidated Balance Sheet - USD ($) $ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Current assets | ||
Cash and cash equivalents | $ 6,802 | $ 4,364 |
Notes and accounts receivable - net | 32,383 | 20,581 |
Inventories | ||
Crude oil, products and merchandise | 14,519 | 14,169 |
Materials and supplies | 4,261 | 4,681 |
Other current assets | 1,189 | 1,098 |
Total current assets | 59,154 | 44,893 |
Investments, advances and long-term receivables | 45,195 | 43,515 |
Property, plant and equipment, at cost, less accumulated depreciation and depletion | 216,552 | 227,553 |
Other assets, including intangibles - net | 18,022 | 16,789 |
Total assets | 338,923 | 332,750 |
Current liabilities | ||
Notes and loans payable | 4,276 | 20,458 |
Accounts payable and accrued liabilities | 50,766 | 35,221 |
Income taxes payable | 1,601 | 684 |
Total current liabilities | 56,643 | 56,363 |
Long-term debt | 43,428 | 47,182 |
Postretirement benefits reserves | 18,430 | 22,415 |
Deferred income tax liabilities | 20,165 | 18,165 |
Long-term obligations to equity companies | 2,857 | 3,253 |
Other long-term obligations | 21,717 | 21,242 |
Total liabilities | 163,240 | 168,620 |
Commitments and contingencies | ||
Equity | ||
Common stock without par value (9,000 million shares authorized, 8,019 million shares issued) | 15,746 | 15,688 |
Earnings reinvested | 392,059 | 383,943 |
Accumulated other comprehensive income | (13,764) | (16,705) |
Common stock held in treasury (3,780 million shares in 2021 and 3,786 million shares in 2020) | (225,464) | (225,776) |
ExxonMobil share of equity | 168,577 | 157,150 |
Noncontrolling interests | 7,106 | 6,980 |
Total equity | 175,683 | 164,130 |
Total liabilities and equity | $ 338,923 | $ 332,750 |
Consolidated Balance Sheet (Par
Consolidated Balance Sheet (Parenthetical) - $ / shares shares in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
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 | 3,780 | 3,786 |
Consolidated Statement Of Cash
Consolidated Statement Of Cash Flows - USD ($) $ in Millions | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | ||
Cash flows from operating activities | ||||
Net income (loss) including noncontrolling interests | $ 23,598 | $ (23,251) | $ 14,774 | |
Adjustments for noncash transactions | ||||
Depreciation and depletion (includes impairments) | 20,607 | 46,009 | 18,998 | |
Deferred income tax charges/(credits) | 303 | (8,856) | (944) | |
Postretirement benefits expense in excess of/(less than) net payments | 754 | 498 | 109 | |
Other long-term obligation provisions in excess of/(less than) payments | 50 | (1,269) | (3,038) | |
Dividends received greater than/(less than) equity in current earnings of equity companies | (668) | 979 | (936) | |
Changes in operational working capital, excluding cash and debt | ||||
Reduction/(increase) - Notes and accounts receivable | (12,098) | 5,384 | (2,640) | |
Reduction/(increase) - Inventories | (489) | (315) | 72 | |
Reduction/(increase) - Other current assets | (71) | 420 | (234) | |
Increase/(reduction) - Accounts and other payables | 16,820 | (7,142) | 3,725 | |
Net (gain)/loss on asset sales | (1,207) | 4 | (1,710) | |
All other items - net | 530 | 2,207 | 1,540 | |
Net cash provided by operating activities | 48,129 | 14,668 | 29,716 | |
Cash flows from investing activities | ||||
Additions to property, plant and equipment | (12,076) | (17,282) | (24,361) | |
Proceeds from asset sales and returns of investments | 3,176 | 999 | 3,692 | |
Additional investments and advances | (2,817) | (4,857) | (3,905) | |
Other investing activities including collection of advances | 1,482 | 2,681 | 1,490 | |
Net cash used in investing activities | (10,235) | (18,459) | (23,084) | |
Cash flows from financing activities | ||||
Additions to long-term debt | 46 | 23,186 | 7,052 | |
Reductions in long-term debt | (8) | (8) | (1) | |
Additions to short-term debt | [1] | 12,687 | 35,396 | 18,967 |
Reductions in short-term debt | [1] | (29,396) | (28,742) | (18,367) |
Additions/(reductions) in commercial paper, and debt with three months or less maturity | (2,983) | (9,691) | 1,011 | |
Contingent consideration payments | (30) | (21) | 0 | |
Cash dividends to ExxonMobil shareholders | (14,924) | (14,865) | (14,652) | |
Cash dividends to noncontrolling interests | (224) | (188) | (192) | |
Changes in noncontrolling interests | (436) | 623 | 158 | |
Common stock acquired | (155) | (405) | (594) | |
Net cash provided by (used in) financing activities | (35,423) | 5,285 | (6,618) | |
Effects of exchange rate changes on cash | (33) | (219) | 33 | |
Increase/(decrease) in cash and cash equivalents | 2,438 | 1,275 | 47 | |
Cash and cash equivalents at beginning of year | 4,364 | 3,089 | 3,042 | |
Cash and cash equivalents at end of year | $ 6,802 | $ 4,364 | $ 3,089 | |
[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, 2018 | $ 198,528 | $ 15,258 | $ 421,653 | $ (19,564) | $ (225,553) | $ 191,794 | $ 6,734 |
Balance (in shares) - issued at Dec. 31, 2018 | 8,019 | ||||||
Balance (in shares) - in treasury at Dec. 31, 2018 | (3,782) | ||||||
Balance (in shares) - outstanding at Dec. 31, 2018 | 4,237 | ||||||
Amortization of stock-based awards | $ 697 | 697 | 697 | ||||
Other | 171 | (318) | (318) | 489 | |||
Net income (loss) for the year | 14,774 | 14,340 | 14,340 | 434 | |||
Dividends - common shares (company) | (14,652) | (14,652) | |||||
Dividends - common shares (NCI) | (192) | ||||||
Dividends - common shares (total) | (14,844) | ||||||
Other comprehensive income | 225 | 71 | 71 | 154 | |||
Acquisitions, at cost (company) | (594) | (594) | |||||
Acquisitions, at cost (NCI) | (331) | ||||||
Acquisitions, at cost (total) | $ (925) | ||||||
Acquisitions (in shares) | (8) | ||||||
Dispositions | $ 312 | 312 | 312 | ||||
Dispositions (in shares) | 5 | ||||||
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 | ||||||
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 | ||||||
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 |
Summary Of Accounting Policies
Summary Of Accounting Policies | 12 Months Ended |
Dec. 31, 2021 | |
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. 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”. The Corporation’s share of the net income of these companies is included in the Consolidated Statement of Income caption “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 in equity companies 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. 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. The Corporation’s share of the cumulative foreign exchange translation adjustment for equity method investments is reported in “Accumulated other comprehensive income”. 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” primarily arise from contracts with customers. Long-term receivables are primarily from non-customers. 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. 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, industry margins, and development 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, and 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. Energy Outlook 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 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, and economic development. Reflective of the existing global policy environment, the Energy Outlook does not project the degree of required 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 Energy 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 assumptions which are 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. 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. The greenhouse gas emission prices reflect existing or anticipated policy actions that countries or localities may take in support of Paris Accord pledges. Cash flow estimates for impairment testing exclude the effects of derivative instruments. 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 amount by which the carrying value exceeds 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. 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. 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. Downstream and Chemical operations primarily 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. |
Restructuring Activities
Restructuring Activities | 12 Months Ended |
Dec. 31, 2021 | |
Restructuring and Related Activities [Abstract] | |
Restructuring and Related Activities Disclosure | Restructuring Activities 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 2021, the Corporation recorded before-tax charges of $58 million, consisting primarily of employee separation costs, associated with announced workforce reduction programs in Singapore and Europe. These costs are captured in “Selling, general and administrative expenses” on the Consolidated Statement of Income and reported within Corporate and Financing. The Corporation does not expect any further charges related to the previously disclosed workforce reduction programs. The following table summarizes the reserves and charges related to the workforce reduction programs announced in late 2020 and early 2021. These are recorded in “Accounts payable and accrued liabilities” on the Consolidated Balance Sheet and do not include charges related to employee reductions associated with any portfolio changes or other projects. 2021 2020 (millions of dollars) Beginning Balance 403 — Additions/adjustments 58 450 Payments made (384) (47) Ending Balance 77 403 The cash outflows associated with the remaining liability balance of $77 million at December 31, 2021 will occur over the next few years, mainly in the form of monthly payments. |
Miscellaneous Financial Informa
Miscellaneous Financial Information | 12 Months Ended |
Dec. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Miscellaneous Financial Information | Miscellaneous Financial Information Research and development expenses totaled $843 million in 2021, $1,016 million in 2020, and $1,214 million in 2019. Net income included before-tax aggregate foreign exchange transaction losses of $18 million, $24 million and $104 million in 2021, 2020 and 2019, respectively. In 2021, 2020, and 2019, net income included gains of $54 million, $41 million, and $523 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 $14.0 billion and $5.4 billion at December 31, 2021, and 2020, respectively. Crude oil, products and merchandise as of year-end 2021 and 2020 consist of the following: Dec 31, 2021 Dec 31, 2020 (millions of dollars) Crude oil 4,162 5,354 Petroleum products 5,081 5,138 Chemical products 3,354 3,023 Gas/other 1,922 654 Total 14,519 14,169 |
Other Comprehensive Income Info
Other Comprehensive Income Information | 12 Months Ended |
Dec. 31, 2021 | |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] | |
Other Comprehensive Income Information | Other Comprehensive Income Information ExxonMobil Share of Accumulated Other Cumulative Foreign Exchange Translation Adjustment Postretirement Benefits Reserves Adjustment Total (millions of dollars) Balance as of December 31, 2018 (13,881) (5,683) (19,564) Current period change excluding amounts reclassified from accumulated other comprehensive income 1,435 (1,927) (492) Amounts reclassified from accumulated other comprehensive income — 563 563 Total change in accumulated other comprehensive income 1,435 (1,364) 71 Balance as of December 31, 2019 (12,446) (7,047) (19,493) Current period change excluding amounts reclassified from accumulated other comprehensive income (1) 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) (1) Cumulative Foreign Exchange Translation Adjustment includes net investment hedge gain/(loss) net of taxes of $329 million and $(355) million in 2021 and 2020, respectively. Amounts Reclassified Out of Accumulated Other 2021 2020 2019 (millions of dollars) 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) (1,229) (1,158) (751) Income Tax (Expense)/Credit For 2021 2020 2019 (millions of dollars) Foreign exchange translation adjustment (114) 118 88 Postretirement benefits reserves adjustment (excluding amortization) (983) 109 719 Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs (304) (262) (169) Total (1,401) (35) 638 |
Cash Flow Information
Cash Flow Information | 12 Months Ended |
Dec. 31, 2021 | |
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 2021, the “Net (gain)/loss on asset sales” on the Consolidated Statement of Cash Flows 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. The United Kingdom Central and Northern North Sea assets were sold to Neo Energy, resulting in a before-tax gain of $0.4 billion and cash proceeds of $0.7 billion in 2021. The Santoprene business, including two chemical manufacturing sites in Pensacola, Florida and Newport, Wales, was sold to Celanese, resulting in a before-tax gain of $0.8 billion and cash proceeds of $1.1 billion in 2021. For 2019, the “Net (gain)/loss on asset sales” line includes before-tax amounts from the sale of non-operated upstream assets in Norway and upstream asset transactions in the U.S. The Norway assets were sold for $4.5 billion, resulting in a gain of $3.7 billion and cash proceeds of $3.1 billion in 2019. 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. 2021 2020 2019 (millions of dollars) Income taxes paid 5,341 2,428 7,018 Cash interest paid Included in cash flows from operating activities 819 786 560 Capitalized, included in cash flows from investing activities 655 665 731 Total cash interest paid 1,474 1,451 1,291 |
Additional Working Capital Info
Additional Working Capital Information | 12 Months Ended |
Dec. 31, 2021 | |
Additional Working Capital Information [Abstract] | |
Additional Working Capital Information | Additional Working Capital Information Dec 31, 2021 Dec 31, 2020 (millions of dollars) Notes and accounts receivable Trade, less reserves of $159 million and $96 million 26,883 16,339 Other, less reserves of $381 million and $378 million 5,500 4,242 Total 32,383 20,581 Notes and loans payable Bank loans 276 222 Commercial paper 1,608 17,306 Long-term debt due within one year 2,392 2,930 Total 4,276 20,458 Accounts payable and accrued liabilities Trade payables 26,623 17,499 Payables to equity companies 8,885 6,476 Accrued taxes other than income taxes 3,896 3,408 Other 11,362 7,838 Total 50,766 35,221 The Corporation has short-term committed lines of credit of $10.7 billion which were unused as of December 31, 2021. These lines are available for general corporate purposes. The weighted-average interest rate on short-term borrowings outstanding was 0.2 percent and 0.2 percent at December 31, 2021, and 2020, respectively. |
Equity Company Information
Equity Company Information | 12 Months Ended |
Dec. 31, 2021 | |
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, and natural gas marketing in North America; natural gas exploration, production and distribution in Europe; liquefied natural gas (LNG) operations and transportation of crude oil 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, petrochemical manufacturing and marketing ventures. The share of total equity company revenues from sales to ExxonMobil consolidated companies was 10 percent, 11 percent and 13 percent in the years 2021, 2020 and 2019, 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 $0.2 billion and $0.6 billion in 2021 and 2020, respectively, are included in “Income from equity affiliates” or “Other income” on the Consolidated Statement of Income. 2021 2020 2019 Equity Company Total ExxonMobil Total ExxonMobil Share Total ExxonMobil (millions of dollars) Total revenues 116,972 34,995 69,954 21,282 102,365 31,240 Income before income taxes 35,142 9,278 12,743 2,830 29,424 7,927 Income taxes 11,010 2,763 4,333 870 9,725 2,500 Income from equity affiliates 24,132 6,515 8,410 1,960 19,699 5,427 Current assets 45,267 15,542 33,419 11,969 36,035 12,661 Long-term assets 150,699 41,614 150,358 41,457 143,321 40,001 Total assets 195,966 57,156 183,777 53,426 179,356 52,662 Current liabilities 28,862 8,297 18,827 5,245 24,583 6,939 Long-term liabilities 63,138 19,084 66,053 19,927 61,022 18,158 Net assets 103,966 29,775 98,897 28,254 93,751 27,565 A list of significant equity companies as of December 31, 2021, 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 10 Qatar Liquefied Gas Company Limited (2) 24 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 Downstream Alberta Products Pipe Line Ltd. 45 Fujian Refining & Petrochemical Co. Ltd. 25 Permian Express Partners LLC 12 Saudi Aramco Mobil Refinery Company Ltd. 50 Chemical Al-Jubail Petrochemical Company 50 Gulf Coast Growth Ventures LLC 50 Saudi Yanbu Petrochemical Co. 50 |
Investments, Advances And Long-
Investments, Advances And Long-Term Receivables | 12 Months Ended |
Dec. 31, 2021 | |
Long-term Investments and Receivables, Net [Abstract] | |
Investments, Advances And Long-Term Receivables | Investments, Advances and Long-Term Receivables Dec 31, 2021 Dec 31, 2020 (millions of dollars) Equity method company investments and advances Investments 31,225 29,772 Advances, net of allowances of $34 million and $31 million 8,326 8,812 Total equity method company investments and advances 39,551 38,584 Equity securities carried at fair value and other investments at adjusted cost basis 138 143 Long-term receivables and miscellaneous, net of reserves of $5,974 million and $6,115 million 5,506 4,788 Total 45,195 43,515 |
Property, Plant And Equipment A
Property, Plant And Equipment And Asset Retirement Obligations | 12 Months Ended |
Dec. 31, 2021 | |
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 December 31, 2021 December 31, 2020 Property, Plant and Equipment Cost Net Cost Net (millions of dollars) Upstream 375,813 156,951 386,614 167,472 Downstream 57,947 27,417 57,922 27,716 Chemical 43,288 21,793 42,868 21,924 Other 18,014 10,391 17,918 10,441 Total 495,062 216,552 505,322 227,553 In 2021, 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 performed impairment assessments. Before-tax impairment charges of $1.2 billion, including impairments of suspended wells, were recognized during the year 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 U.S., Canada and Argentina. The impairment of these assets resulted in before-tax charges of $24.4 billion in Upstream. Other before-tax impairment charges in 2020 included $0.9 billion in Upstream, $0.5 billion in Downstream, and $0.1 billion in Chemical. In 2019, before-tax impairment charges were $0.1 billion. Impairment charges are primarily recognized in the lines “Depreciation and depletion” and “Exploration expenses, including dry holes” on the Consolidated Statement of Income. Accumulated depreciation and depletion totaled $278,510 million at the end of 2021 and $277,769 million at the end of 2020. 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 downstream and chemical facilities 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 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: 2021 2020 2019 (millions of dollars) Balance at January 1 11,247 11,280 12,103 Accretion expense and other provisions 548 584 649 Reduction due to property sales (1,002) (77) (1,085) Payments made (444) (669) (827) Liabilities incurred 42 26 89 Foreign currency translation (147) 239 84 Revisions 386 (136) 267 Balance at December 31 10,630 11,247 11,280 The long-term Asset Retirement Obligations were $9,985 million and $10,558 million at December 31, 2021, and 2020, respectively, and are included in “Other long-term obligations” on the Consolidated Balance Sheet. Estimated cash payments in 2022 and 2023 are $645 million and $648 million, respectively. |
Accounting For Suspended Explor
Accounting For Suspended Exploratory Well Costs | 12 Months Ended |
Dec. 31, 2021 | |
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 as well as an aging summary of those costs. Change in capitalized suspended exploratory well costs: 2021 2020 2019 (millions of dollars) Balance beginning at January 1 4,382 4,613 4,160 Additions pending the determination of proved reserves 420 208 532 Charged to expense (325) (318) (46) Reclassifications to wells, facilities and equipment based on the (328) (174) (37) Divestments/Other (29) 53 4 Ending balance at December 31 4,120 4,382 4,613 Ending balance attributed to equity companies included above 306 306 306 Period end capitalized suspended exploratory well costs: 2021 2020 2019 (millions of dollars) Capitalized for a period of one year or less 420 208 532 Capitalized for a period of between one and five years 1,642 1,828 2,206 Capitalized for a period of between five and ten years 1,657 1,932 1,411 Capitalized for a period of greater than ten years 401 414 464 Capitalized for a period greater than one year - subtotal 3,700 4,174 4,081 Total 4,120 4,382 4,613 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. 2021 2020 2019 Number of projects that only have exploratory well costs capitalized for a 4 3 4 Number of projects that have exploratory well costs capitalized for a period 30 34 46 Total 34 37 50 Of the 30 projects that have exploratory well costs capitalized for a period greater than one year as of December 31, 2021, 13 projects have drilling in the preceding year or exploratory activity planned in the next two years, while the remaining 17 projects are those with completed exploratory activity progressing toward development. The table below provides additional detail for those 17 projects, which total $2,874 million. Country/Project Dec. 31, 2021 Years Wells Drilled / Acquired Comment (millions of dollars) Argentina – La Invernada 72 2014 Evaluating development plan to tie into planned infrastructure. Australia – Gorgon Area Ullage 327 1994 - 2015 Evaluating development plans to tie into existing LNG facilities. Canada – Hibernia North 26 2019 Awaiting capacity in existing/planned infrastructure. Guyana – Yellowtail 138 2019 - 2020 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. – Bonga SW 3 2001 Evaluating/progressing development plan for tieback to existing/planned infrastructure. – Pegi 32 2009 Awaiting capacity in 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. Romania – Neptun Deep 536 2012 - 2016 Continuing discussions with the government regarding development plan. Tanzania – 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 2021 (17 projects) 2,874 |
Leases
Leases | 12 Months Ended |
Dec. 31, 2021 | |
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. Operating Leases Finance Leases Lease Cost 2021 2020 2019 2021 2020 2019 (millions of dollars) Operating lease cost 1,542 1,553 1,434 Short-term and other (net of sublease rental income) 1,351 1,613 2,042 Amortization of right of use assets 133 143 121 Interest on lease liabilities 158 169 133 Total (1) 2,893 3,166 3,476 291 312 254 (1) Includes $681 million, $827 million and $1,164 million for drilling rigs and related equipment operating leases in 2021, 2020 and 2019, respectively. Operating Leases Finance Leases Balance Sheet December 31, 2021 December 31, 2020 December 31, 2021 December 31, 2020 (millions of dollars) Right of use assets Included in Other assets, including intangibles - net 6,082 6,078 Included in Property, plant and equipment - net 2,412 2,188 Total right of use assets 6,082 6,078 2,412 2,188 Lease liability due within one year Included in Accounts payable and accrued liabilities 1,367 1,168 4 4 Included in Notes and loans payable 111 102 Long-term lease liability Included in Other long-term obligations 3,823 3,994 Included in Long-term debt 1,761 1,680 Included in Long-term obligations to equity companies 131 135 Total lease liability (2) 5,190 5,162 2,007 1,921 Weighted average remaining lease term (years) 10 11 20 20 Weighted average discount rate (percent) 2.3 % 2.9 % 7.7 % 8.9 % (2) Includes $935 million and $832 million for drilling rigs and related equipment operating leases in 2021 and 2020, respectively. Operating Leases Finance Leases Maturity Analysis of Lease Liabilities December 31, 2021 (millions of dollars) 2022 1,456 262 2023 1,141 256 2024 574 253 2025 437 246 2026 384 382 2027 and beyond 1,978 2,111 Total lease payments 5,970 3,510 Discount to present value (780) (1,503) Total lease liability 5,190 2,007 In addition to the lease liabilities in the table immediately above, at December 31, 2021, undiscounted commitments for leases not yet commenced totaled $962 million for operating leases and $4,960 million for finance leases. Estimated cash payments for operating and finance leases not yet commenced are $310 million and $415 million for 2022 and 2023 respectively. The finance leases relate to floating production storage and offloading vessels, LNG transportation vessels, 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. Operating Leases Finance Leases Other Information 2021 2020 2019 2021 2020 2019 (millions of dollars) Cash paid for amounts included in the measurement of lease liabilities Cash flows from operating activities 1,135 1,159 1,116 20 31 54 Cash flows from investing activities 291 283 258 Cash flows from financing activities 110 94 177 Noncash right of use assets recorded for lease liabilities For January 1 adoption of ASC 842 3,263 In exchange for lease liabilities during the period 1,405 735 3,663 200 108 422 |
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. Operating Leases Finance Leases Lease Cost 2021 2020 2019 2021 2020 2019 (millions of dollars) Operating lease cost 1,542 1,553 1,434 Short-term and other (net of sublease rental income) 1,351 1,613 2,042 Amortization of right of use assets 133 143 121 Interest on lease liabilities 158 169 133 Total (1) 2,893 3,166 3,476 291 312 254 (1) Includes $681 million, $827 million and $1,164 million for drilling rigs and related equipment operating leases in 2021, 2020 and 2019, respectively. Operating Leases Finance Leases Balance Sheet December 31, 2021 December 31, 2020 December 31, 2021 December 31, 2020 (millions of dollars) Right of use assets Included in Other assets, including intangibles - net 6,082 6,078 Included in Property, plant and equipment - net 2,412 2,188 Total right of use assets 6,082 6,078 2,412 2,188 Lease liability due within one year Included in Accounts payable and accrued liabilities 1,367 1,168 4 4 Included in Notes and loans payable 111 102 Long-term lease liability Included in Other long-term obligations 3,823 3,994 Included in Long-term debt 1,761 1,680 Included in Long-term obligations to equity companies 131 135 Total lease liability (2) 5,190 5,162 2,007 1,921 Weighted average remaining lease term (years) 10 11 20 20 Weighted average discount rate (percent) 2.3 % 2.9 % 7.7 % 8.9 % (2) Includes $935 million and $832 million for drilling rigs and related equipment operating leases in 2021 and 2020, respectively. Operating Leases Finance Leases Maturity Analysis of Lease Liabilities December 31, 2021 (millions of dollars) 2022 1,456 262 2023 1,141 256 2024 574 253 2025 437 246 2026 384 382 2027 and beyond 1,978 2,111 Total lease payments 5,970 3,510 Discount to present value (780) (1,503) Total lease liability 5,190 2,007 In addition to the lease liabilities in the table immediately above, at December 31, 2021, undiscounted commitments for leases not yet commenced totaled $962 million for operating leases and $4,960 million for finance leases. Estimated cash payments for operating and finance leases not yet commenced are $310 million and $415 million for 2022 and 2023 respectively. The finance leases relate to floating production storage and offloading vessels, LNG transportation vessels, 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. Operating Leases Finance Leases Other Information 2021 2020 2019 2021 2020 2019 (millions of dollars) Cash paid for amounts included in the measurement of lease liabilities Cash flows from operating activities 1,135 1,159 1,116 20 31 54 Cash flows from investing activities 291 283 258 Cash flows from financing activities 110 94 177 Noncash right of use assets recorded for lease liabilities For January 1 adoption of ASC 842 3,263 In exchange for lease liabilities during the period 1,405 735 3,663 200 108 422 |
Earnings Per Share
Earnings Per Share | 12 Months Ended |
Dec. 31, 2021 | |
Earnings Per Share [Abstract] | |
Earnings Per Share | Earnings Per Share Earnings per common share 2021 2020 2019 Net income (loss) attributable to ExxonMobil (millions of dollars) 23,040 (22,440) 14,340 Weighted average number of common shares outstanding (millions of shares) 4,275 4,271 4,270 Earnings (loss) per common share (dollars) (1) 5.39 (5.25) 3.36 Dividends paid per common share (dollars) 3.49 3.48 3.43 (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, 2021 | |
Financial Instruments And Derivatives [Abstract] | |
Financial Instruments And Derivatives | Financial Instruments and Derivatives Financial Instruments. The estimated fair value of financial instruments at December 31, 2021 and December 31, 2020, and the related hierarchy level for the fair value measurement is as follows: December 31, 2021 (millions of dollars) Fair Value 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 December 31, 2020 (millions of dollars) Fair Value 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) 1,247 194 — 1,441 (1,282) (6) — 153 Advances to/receivables from equity companies (2)(6) — 3,275 5,904 9,179 — — (367) 8,812 Other long-term financial assets (3) 1,235 — 944 2,179 — — 125 2,304 Liabilities Derivative liabilities (4) 1,443 254 — 1,697 (1,282) (202) — 213 Long-term debt (5) 50,263 125 4 50,392 — — (4,890) 45,502 Long-term obligations to equity companies (6) — — 3,530 3,530 — — (277) 3,253 Other long-term financial liabilities (7) — — 964 964 — — 44 1,008 (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, 2021 and December 31, 2020, the Corporation had $641 million and $504 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 the Upstream, Downstream and Chemical businesses 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 for trading purposes. 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, 2021 and 2020, or results of operations for 2021, 2020 and 2019. 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, 2021 and December 31, 2020, was as follows: December 31, December 31, 2021 2020 (millions) Crude oil (barrels) 82 40 Petroleum products (barrels) (48) (46) Natural gas (MMBTUs) (115) (500) 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: 2021 2020 2019 (millions of dollars) Sales and other operating revenue (3,818) 404 (412) Crude oil and product purchases 48 (407) 179 Total (3,770) (3) (233) |
Long-Term Debt
Long-Term Debt | 12 Months Ended |
Dec. 31, 2021 | |
Long-term Debt, Unclassified [Abstract] | |
Long-Term Debt | Long-Term Debt At December 31, 2021, long-term debt consisted of $37,611 million due in U.S. dollars and $5,817 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 $2,392 million, which matures within one year and is included in current liabilities. On December 17, 2021, the Corporation irrevocably deposited sufficient cash with the Trustee to fund the redemption of its 2.397% notes due 2022. 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, 2022, in millions of dollars, are: 2023 – $4,039; 2024 – $3,836; 2025 – $4,597; and 2026 – $3,575. At December 31, 2021, the Corporation's unused long-term lines of credit were $0.6 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, 2021, the Corporation has designated its $5.1 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 2021 and 2020 are shown in the table below: Average Rate (1) Dec 31, 2021 Dec 31, 2020 (millions of dollars) Exxon Mobil Corporation (2) 2.397% notes due 2022 — 1,150 1.902% notes due 2022 — 750 Floating-rate notes due 2022 (Issued 2015) — 500 Floating-rate notes due 2022 (Issued 2019) — 750 1.571% notes due 2023 2,750 2,750 2.726% notes due 2023 1,250 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 2,794 2,807 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 2,087 2,091 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 1,698 1,841 0.524% notes due 2028 1,133 1,227 0.835% notes due 2032 1,133 1,227 1.408% notes due 2039 1,133 1,227 XTO Energy Inc. (3) 6.100% senior notes due 2036 191 192 6.750% senior notes due 2037 291 294 6.375% senior notes due 2038 226 227 Industrial revenue bonds due 2022-2051 0.028% 2,244 2,461 Other U.S. dollar obligations 64 78 Other foreign currency obligations 37 61 Finance lease obligations 7.438% 1,761 1,680 Debt issuance costs (114) (131) Total long-term debt 43,428 47,182 (1) Average effective interest rate for debt and average imputed interest rate for finance leases at December 31, 2021. (2) Includes premiums of $131 million in 2021 and $148 million in 2020. (3) Includes premiums of $82 million in 2021 and $87 million in 2020. |
Incentive Program
Incentive Program | 12 Months Ended |
Dec. 31, 2021 | |
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 2021, remaining shares available for award under the 2003 Incentive Program were 66 million. Restricted Stock and Restricted Stock Units. Awards totaling 8,133 thousand, 8,681 thousand, and 8,936 thousand of restricted (nonvested) common stock units were granted in 2021, 2020, and 2019, 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. 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, 2021. 2021 Restricted stock and units outstanding Shares Weighted Average Grant-Date (thousands) (dollars) Issued and outstanding at January 1 39,585 80.43 Awards issued in 2021 8,753 41.29 Vested (9,142) 86.16 Forfeited (274) 66.54 Issued and outstanding at December 31 38,922 70.38 Value of restricted stock units 2021 2020 2019 Grant price (dollars) 62.76 41.15 68.77 Value at date of grant: (millions of dollars) Units settled in stock 461 325 559 Units settled in cash 49 32 55 Total value 510 357 614 As of December 31, 2021, there was $1,268 million of unrecognized compensation cost related to the nonvested restricted awards. This cost is expected to be recognized over a weighted-average period of 4.4 years. The compensation cost charged against income for the restricted stock and restricted stock units was $612 million, $672 million, and $741 million for 2021, 2020, and 2019, respectively. The income tax benefit recognized in income related to this compensation expense was $49 million, $51 million, and $51 million for the same periods, respectively. The fair value of shares and units vested in 2021, 2020, and 2019 was $562 million, $367 million, and $647 million, respectively. Cash payments of $48 million, $34 million, and $56 million for vested restricted stock units settled in cash were made in 2021, 2020, and 2019, respectively. |
Litigation And Other Contingenc
Litigation And Other Contingencies | 12 Months Ended |
Dec. 31, 2021 | |
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, 2021, 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. December 31, 2021 Equity Company Obligations (1) Other Third-Party Obligations Total (millions of dollars) Guarantees Debt-related 1,109 140 1,249 Other 775 6,498 7,273 Total 1,884 6,638 8,522 (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. The Corporation has previously provided disclosure regarding (i) claims being pursued by the Corporation against the Venezuelan National Oil Company in connection with a 2007 Venezuelan nationalization decree, and (ii) claims being pursued by the Corporation against the Nigerian National Petroleum Corporation in connection with a dispute involving crude oil lifting entitlements which was originally subject to arbitration in 2011. Both matters remain ongoing but, as previously disclosed, the Corporation does not expect the ultimate resolution of either matter to have a material effect upon the Corporation’s operations or financial condition. In the interest of disclosure simplification, the Corporation will no longer include specific disclosure of these matters in its annual or quarterly reports unless future developments alter the foregoing conclusions. |
Pension And Other Postretiremen
Pension And Other Postretirement Benefits | 12 Months Ended |
Dec. 31, 2021 | |
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 U.S. Non-U.S. Benefits 2021 2020 2021 2020 2021 2020 (percent) Weighted-average assumptions used to determine benefit obligations at December 31 Discount rate 3.00 2.80 2.20 1.60 3.10 2.80 Long-term rate of compensation increase 4.50 5.50 4.20 4.20 4.50 5.50 (millions of dollars) Change in benefit obligation Benefit obligation at January 1 21,662 20,959 33,626 29,918 8,135 8,113 Service cost 919 965 774 707 188 181 Interest cost 558 708 526 657 221 277 Actuarial loss/(gain) (1) (747) 1,287 (2,803) 2,344 (881) (66) Benefits paid (2) (3) (3,810) (1,987) (1,550) (1,317) (517) (510) Foreign exchange rate changes — — (1,162) 1,375 3 23 Amendments, divestments and other (71) (270) 81 (58) 116 117 Benefit obligation at December 31 18,511 21,662 29,492 33,626 7,265 8,135 Accumulated benefit obligation at December 31 15,781 17,502 27,373 30,952 — — (1) Actuarial loss/(gain) primarily reflects changes in discount rates, lower long-term rates of compensation and a lower health care cost trend rate. (2) Benefit payments for funded and unfunded plans. (3) For 2021 and 2020, other postretirement benefits paid are net of $9 million and $16 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 2023 and subsequent years. Pension Benefits Other Postretirement U.S. Non-U.S. Benefits 2021 2020 2021 2020 2021 2020 (millions of dollars) Change in plan assets Fair value at January 1 15,300 13,636 26,216 22,916 446 425 Actual return on plan assets 479 2,269 571 2,795 20 42 Foreign exchange rate changes — — (605) 1,011 — — Company contribution 794 1,004 293 597 28 37 Benefits paid (1) (3,307) (1,609) (1,167) (992) (54) (58) Other — — (428) (111) — — Fair value at December 31 13,266 15,300 24,880 26,216 440 446 (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 U.S. Non-U.S. 2021 2020 2021 2020 (millions of dollars) Assets in excess of/(less than) benefit obligation Balance at December 31 Funded plans (3,570) (4,156) 554 (1,223) Unfunded plans (1,675) (2,206) (5,166) (6,187) Total (5,245) (6,362) (4,612) (7,410) 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 U.S. Non-U.S. 2021 2020 2021 2020 2021 2020 (millions of dollars) Assets in excess of/(less than) benefit obligation Balance at December 31 (1) (5,245) (6,362) (4,612) (7,410) (6,825) (7,689) Amounts recorded in the consolidated balance sheet consist of: Other assets — — 2,544 1,931 — — Current liabilities (206) (377) (267) (273) (323) (327) Postretirement benefits reserves (5,039) (5,985) (6,889) (9,068) (6,502) (7,362) Total recorded (5,245) (6,362) (4,612) (7,410) (6,825) (7,689) Amounts recorded in accumulated other comprehensive income consist of: Net actuarial loss/(gain) 1,865 3,102 2,841 5,904 197 1,164 Prior service cost (324) (275) 262 208 (232) (274) Total recorded in accumulated other comprehensive income 1,541 2,827 3,103 6,112 (35) 890 (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 Benefits U.S. Non-U.S. 2021 2020 2019 2021 2020 2019 2021 2020 2019 Weighted-average assumptions used to determine net periodic benefit cost for years ended December 31 (percent) Discount rate 2.80 3.50 4.40 1.60 2.30 3.00 2.80 3.50 4.40 Long-term rate of return on funded assets 5.30 5.30 5.30 4.10 4.10 4.10 4.60 4.60 4.60 Long-term rate of compensation increase 5.50 5.75 5.75 4.20 4.80 4.30 5.50 5.75 5.75 Components of net periodic benefit cost (millions of dollars) Service cost 919 965 757 774 707 551 188 181 139 Interest cost 558 708 766 526 657 763 221 277 315 Expected return on plan assets (722) (703) (568) (1,031) (897) (777) (19) (18) (15) Amortization of actuarial loss/(gain) 244 310 305 420 416 306 76 95 55 Amortization of prior service cost (23) 5 5 57 68 56 (42) (42) (42) Net pension enhancement and curtailment/settlement cost 489 280 164 32 49 (98) — — — Net periodic benefit cost 1,465 1,565 1,429 778 1,000 801 424 493 452 Changes in amounts recorded in accumulated other comprehensive income: Net actuarial loss/(gain) (504) (279) 609 (2,361) 446 1,268 (891) (92) 517 Amortization of actuarial (loss)/gain (733) (590) (469) (430) (442) (208) (76) (95) (55) Prior service cost/(credit) (72) (271) — 92 (82) 379 — — — Amortization of prior service (cost)/credit 23 (5) (5) (55) (68) (56) 42 42 42 Foreign exchange rate changes — — — (255) 236 19 — 11 — Total recorded in other comprehensive income (1,286) (1,145) 135 (3,009) 90 1,402 (925) (134) 504 Total recorded in net periodic benefit cost and other comprehensive income, before tax 179 420 1,564 (2,231) 1,090 2,203 (501) 359 956 Costs for defined contribution plans were $177 million, $358 million and $422 million in 2021, 2020 and 2019, respectively. A summary of the change in accumulated other comprehensive income is shown in the table below: Total Pension and Other Postretirement Benefits 2021 2020 2019 (millions of dollars) (Charge)/credit to other comprehensive income, before tax U.S. pension 1,286 1,145 (135) Non-U.S. pension 3,009 (90) (1,402) Other postretirement benefits 925 134 (504) Total (charge)/credit to other comprehensive income, before tax 5,220 1,189 (2,041) (Charge)/credit to income tax (see Note 4) (1,287) (153) 550 (Charge)/credit to investment in equity companies 110 (110) (19) (Charge)/credit to other comprehensive income including noncontrolling interests, after tax 4,043 926 (1,510) Charge/(credit) to equity of noncontrolling interests (217) 30 146 (Charge)/credit to other comprehensive income attributable to ExxonMobil 3,826 956 (1,364) 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 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 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 (millions of dollars) 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 Fair Value Measurement at December 31, 2021, Using: Level 1 Level 2 Level 3 Net Asset Value Total (millions of dollars) 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. The 2020 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 Fair Value Measurement at December 31, 2020, Using: Fair Value Measurement at December 31, 2020, Using: Level 1 Level 2 Level 3 Net Asset Value Total Level 1 Level 2 Level 3 Net Asset Value Total (millions of dollars) Asset category: Equity securities U.S. — — — 2,323 2,323 — — — 4,177 4,177 Non-U.S. — — — 1,703 1,703 89 (1) — — 3,285 3,374 Private equity — — — 548 548 — — — 530 530 Debt securities Corporate — 5,146 (2) — 1 5,147 — 138 (2) — 5,212 5,350 Government — 5,261 (2) — 2 5,263 250 (3) 116 (2) — 11,993 12,359 Asset-backed — — — 1 1 — 24 (2) — 239 263 Cash — — — 308 308 69 21 (4) — 50 140 Total at fair value — 10,407 — 4,886 15,293 408 299 — 25,486 26,193 Insurance contracts at contract value 7 23 Total plan assets 15,300 26,216 (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 Fair Value Measurement at December 31, 2020, Using: Level 1 Level 2 Level 3 Net Asset Value Total (millions of dollars) Asset category: Equity securities U.S. 88 (1) — — — 88 Non-U.S. 48 (1) — — — 48 Debt securities Corporate — 103 (2) — — 103 Government — 204 (2) — — 204 Asset-backed — — — — — Cash — — — 3 3 Total at fair value 136 307 — 3 446 (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 U.S. Non-U.S. 2021 2020 2021 2020 (millions of dollars) For funded pension plans with an accumulated benefit obligation in excess of plan assets: Accumulated benefit obligation 14,511 16,129 3,108 4,602 Fair value of plan assets 13,266 15,300 1,711 2,652 For funded pension plans with a projected benefit obligation in excess of plan assets: Projected benefit obligation 16,836 19,456 4,840 13,836 Fair value of plan assets 13,266 15,300 2,849 10,681 For unfunded pension plans: Projected benefit obligation 1,675 2,206 5,166 6,187 Accumulated benefit obligation 1,270 1,373 4,685 5,469 All other postretirement benefit plans are unfunded or underfunded. Pension Benefits Other Postretirement Benefits U.S. Non-U.S. Gross Medicare Subsidy Receipt (millions of dollars) Contributions expected in 2022 640 405 — — Benefit payments expected in: 2022 1,306 1,173 423 21 2023 1,188 1,176 414 22 2024 1,179 1,205 409 23 2025 1,157 1,173 405 24 2026 1,154 1,155 396 25 2027 - 2031 5,803 6,145 1,981 132 |
Disclosures About Segments And
Disclosures About Segments And Related Information | 12 Months Ended |
Dec. 31, 2021 | |
Segment Reporting, Measurement Disclosures [Abstract] | |
Disclosures About Segments And Related Information | Disclosures about Segments and Related Information The Upstream, Downstream and Chemical 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. The Downstream segment is organized and operates to manufacture and sell petroleum products. The Chemical segment is organized and operates to manufacture and sell petrochemicals. These segments are broadly understood across the petroleum and petrochemical industries. 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 $103 million in 2021, $148 million in 2020 and $105 million in 2019. Upstream Downstream Chemical Corporate and Corporate U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S. Financing Total (millions of dollars) As of December 31, 2021 Earnings (loss) after income tax 3,663 12,112 1,314 791 4,502 3,294 (2,636) 23,040 Earnings of equity companies included above 288 5,535 122 74 (139) 1,131 (354) 6,657 Sales and other operating revenue 8,883 12,914 80,044 137,963 15,309 21,549 30 276,692 Intersegment revenue 16,692 33,405 21,622 27,065 9,639 6,047 227 — Depreciation and depletion expense 6,831 9,918 724 1,031 578 650 875 20,607 Interest revenue — — — — — — 33 33 Interest expense 58 36 1 7 — 1 844 947 Income tax expense (benefit) 1,116 4,871 379 160 1,476 688 (1,054) 7,636 Additions to property, plant and equipment 3,308 5,308 997 983 548 739 658 12,541 Investments in equity companies 4,999 18,544 352 888 3,020 3,759 (337) 31,225 Total assets 67,294 141,978 27,436 39,630 19,069 20,653 22,863 338,923 As of December 31, 2020 Earnings (loss) after income tax (19,385) (645) (852) (225) 1,277 686 (3,296) (22,440) Effect of asset impairments - noncash (17,138) (2,287) (15) (609) (100) (69) (35) (20,253) Earnings of equity companies included above (559) 2,101 134 (190) (21) 651 (384) 1,732 Sales and other operating revenue 5,876 8,673 48,256 92,640 8,529 14,562 38 178,574 Intersegment revenue 8,508 19,642 12,258 15,162 6,099 3,881 221 — Depreciation and depletion expense 28,627 12,723 716 1,672 685 694 892 46,009 Interest revenue — — — — — — 49 49 Interest expense 52 93 1 21 — — 991 1,158 Income tax expense (benefit) (5,958) 742 (324) 393 440 272 (1,197) (5,632) Additions to property, plant and equipment 5,726 4,418 2,983 1,731 1,221 592 671 17,342 Investments in equity companies 4,792 18,135 352 879 2,543 3,514 (443) 29,772 Total assets 71,287 144,730 23,754 34,848 17,839 20,220 20,072 332,750 As of December 31, 2019 Earnings (loss) after income tax 536 13,906 1,717 606 206 386 (3,017) 14,340 Earnings of equity companies included above 282 4,534 196 19 (4) 818 (404) 5,441 Sales and other operating revenue 9,364 13,779 70,523 134,460 9,723 17,693 41 255,583 Intersegment revenue 10,893 30,864 22,416 24,775 7,864 5,905 224 — Depreciation and depletion expense 6,162 9,305 674 832 555 621 849 18,998 Interest revenue — — — — — — 84 84 Interest expense 54 34 1 9 — 1 731 830 Income tax expense (benefit) (151) 5,509 465 361 58 305 (1,265) 5,282 Additions to property, plant and equipment 10,404 7,347 2,685 1,777 1,344 589 758 24,904 Investments in equity companies 5,313 17,736 319 1,062 1,835 3,335 (309) 29,291 Total assets 95,750 151,181 23,442 37,133 16,544 20,376 18,171 362,597 Geographic Sales and other operating revenue 2021 2020 2019 (millions of dollars) United States 104,236 62,663 89,612 Non-U.S. 172,456 115,911 165,971 Total 276,692 178,574 255,583 Significant non-U.S. revenue sources include: (1) Canada 22,166 13,093 19,735 Singapore 15,031 9,442 12,128 United Kingdom 14,759 11,055 17,479 France 13,236 8,676 12,740 Italy 10,056 7,091 10,459 Belgium 9,153 6,231 11,644 Australia 7,646 5,839 7,941 (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. December 31, Long-lived assets 2021 2020 2019 (millions of dollars) United States 90,412 94,732 114,372 Non-U.S. 126,140 132,821 138,646 Total 216,552 227,553 253,018 Significant non-U.S. long-lived assets include: Canada 34,907 36,232 39,130 Australia 12,988 14,792 13,933 Singapore 11,969 12,129 11,645 Kazakhstan 8,463 8,882 9,315 Papua New Guinea 7,534 7,803 8,057 United Arab Emirates 5,392 5,381 5,262 Nigeria 5,235 6,345 7,640 Guyana 4,892 3,547 2,542 Brazil 4,337 3,281 3,338 Russia 4,055 4,616 5,135 Angola 3,207 4,405 5,784 |
Income And Other Taxes
Income And Other Taxes | 12 Months Ended |
Dec. 31, 2021 | |
Income And Other Taxes [Abstract] | |
Income And Other Taxes | Income and Other Taxes 2021 2020 2019 U.S. Non-U.S. Total U.S. Non-U.S. Total U.S. Non-U.S. Total (millions of dollars) Income tax expense (benefit) Federal and non-U.S. Current 236 6,948 7,184 262 2,908 3,170 (121) 6,171 6,050 Deferred - net 870 (914) (44) (6,045) (2,007) (8,052) (255) (420) (675) U.S. tax on non-U.S. operations 26 — 26 13 — 13 89 — 89 Total federal and non-U.S. 1,132 6,034 7,166 (5,770) 901 (4,869) (287) 5,751 5,464 State 470 — 470 (763) — (763) (182) — (182) Total income tax expense (benefit) 1,602 6,034 7,636 (6,533) 901 (5,632) (469) 5,751 5,282 All other taxes and duties Other taxes and duties 3,731 26,508 30,239 3,108 23,014 26,122 3,566 26,959 30,525 Included in production and manufacturing expenses 1,589 674 2,263 1,148 663 1,811 1,385 811 2,196 Included in SG&A expenses 170 283 453 164 328 492 160 305 465 Total other taxes and duties 5,490 27,465 32,955 4,420 24,005 28,425 5,111 28,075 33,186 Total 7,092 33,499 40,591 (2,113) 24,906 22,793 4,642 33,826 38,468 The above provisions for deferred income taxes include net benefits of $53 million in 2021, $25 million in 2020, and $740 million in 2019 related to changes in tax laws and rates, and a benefit of $6.3 billion in 2020 related to asset impairments. The reconciliation between income tax expense (credit) and a theoretical U.S. tax computed by applying a rate of 21 percent for 2021, 2020 and 2019 is as follows: 2021 2020 2019 (millions of dollars) Income (loss) before income taxes United States 9,478 (27,704) (53) Non-U.S. 21,756 (1,179) 20,109 Total 31,234 (28,883) 20,056 Theoretical tax 6,559 (6,065) 4,212 Effect of equity method of accounting (1,398) (364) (1,143) Non-U.S. taxes in excess of/(less than) theoretical U.S. tax (1)(2) 2,809 1,606 2,573 State taxes, net of federal tax benefit (1) 371 (603) (144) Other (705) (206) (216) Total income tax expense (credit) 7,636 (5,632) 5,282 Effective tax rate calculation Income tax expense (credit) 7,636 (5,632) 5,282 ExxonMobil share of equity company income taxes 2,756 861 2,490 Total income tax expense (credit) 10,392 (4,771) 7,772 Net income (loss) including noncontrolling interests 23,598 (23,251) 14,774 Total income (loss) before taxes 33,990 (28,022) 22,546 Effective income tax rate 31 % 17 % 34 % (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) 2019 includes taxes less than the theoretical U.S. tax of $773 million from Norway operations and the sale of upstream assets, $657 million from a tax rate change in Alberta, Canada, and $268 million from an adjustment to a prior year tax position. 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: 2021 2020 (millions of dollars) Property, plant and equipment 27,888 28,778 Other liabilities 6,353 6,427 Total deferred tax liabilities 34,241 35,205 Pension and other postretirement benefits (3,687) (4,703) Asset retirement obligations (2,865) (3,150) Tax loss carryforwards (6,914) (8,982) Other assets (7,694) (7,095) Total deferred tax assets (21,160) (23,930) Asset valuation allowances 2,634 2,731 Net deferred tax liabilities 15,715 14,006 In 2021, asset valuation allowances of $2,634 million decreased by $97 million and included net provisions of $41 million and foreign currency effects of $137 million. Balance sheet classification 2021 2020 (millions of dollars) Other assets, including intangibles, net (4,450) (4,159) Deferred income tax liabilities 20,165 18,165 Net deferred tax liabilities 15,715 14,006 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, 2021, 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 2021 2020 2019 (millions of dollars) Balance at January 1 8,764 8,844 9,174 Additions based on current year's tax positions 358 253 287 Additions for prior years' tax positions 100 218 120 Reductions for prior years' tax positions (79) (201) (97) Reductions due to lapse of the statute of limitations (2) (237) (279) Settlements with tax authorities (11) (113) (538) Foreign exchange effects/other — — 177 Balance at December 31 9,130 8,764 8,844 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 2021, 2020 and 2019 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 has various ongoing U.S. federal income tax positions at issue with the Internal Revenue Service (IRS) for tax years beginning in 2006. The Corporation filed a refund suit for tax years 2006-2009 in U.S. federal district court (District Court) with respect to the positions at issue for those years. These positions are reflected in the unrecognized tax benefits table. On February 24, 2020, the Corporation received an adverse ruling on this suit. The IRS has asserted penalties associated with several of those positions. The Corporation has not recognized the penalties as an expense because the Corporation does not expect the penalties to be sustained under applicable law. On January 13, 2021, the District Court ruled that no penalties apply to the Corporation's positions in this suit. The Corporation and the government have appealed the District Court's rulings to the U.S. Court of Appeals for the Fifth Circuit (Fifth Circuit). Proceedings in the Fifth Circuit are continuing. Unfavorable resolution of all positions at issue with the IRS 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 10 percent or decrease by up to 70 percent in the next 12 months. Such a decrease would result primarily from final resolution of the U.S. federal income tax litigation within this timeframe. The following table summarizes the tax years that remain subject to examination by major tax jurisdiction: Country of Operation Open Tax Years Abu Dhabi 2020 — 2021 Angola 2018 — 2021 Australia 2010 — 2021 Belgium 2017 — 2021 Canada 2001 — 2021 Equatorial Guinea 2007 — 2021 Indonesia 2008 — 2021 Iraq 2016 — 2021 Malaysia 2017 — 2021 Nigeria 2006 — 2021 Papua New Guinea 2008 — 2021 Russia 2019 — 2021 United Kingdom 2015 — 2021 United States 2006 — 2021 The Corporation classifies interest on income tax-related balances as interest expense or interest income and classifies tax-related penalties as operating expense. |
Summary Of Accounting Policies
Summary Of Accounting Policies (Policy) | 12 Months Ended |
Dec. 31, 2021 | |
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. 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”. The Corporation’s share of the net income of these companies is included in the Consolidated Statement of Income caption “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 in equity companies 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. 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. The Corporation’s share of the cumulative foreign exchange translation adjustment for equity method investments is reported in “Accumulated other comprehensive income”. |
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” primarily arise from contracts with customers. Long-term receivables are primarily from non-customers. 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 | 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 | 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. 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, industry margins, and development 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, and 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. Energy Outlook 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 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, and economic development. Reflective of the existing global policy environment, the Energy Outlook does not project the degree of required 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 Energy 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 assumptions which are 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. 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. The greenhouse gas emission prices reflect existing or anticipated policy actions that countries or localities may take in support of Paris Accord pledges. Cash flow estimates for impairment testing exclude the effects of derivative instruments. 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 amount by which the carrying value exceeds 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. 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. |
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. Downstream and Chemical operations primarily 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. |
Restructuring Activities (Table
Restructuring Activities (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Restructuring and Related Activities [Abstract] | |
Summary of Reserves and Charges | The following table summarizes the reserves and charges related to the workforce reduction programs announced in late 2020 and early 2021. These are recorded in “Accounts payable and accrued liabilities” on the Consolidated Balance Sheet and do not include charges related to employee reductions associated with any portfolio changes or other projects. 2021 2020 (millions of dollars) Beginning Balance 403 — Additions/adjustments 58 450 Payments made (384) (47) Ending Balance 77 403 |
Miscellaneous Financial Infor_2
Miscellaneous Financial Information (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |
Crude Oil, Products And Merchandise | Crude oil, products and merchandise as of year-end 2021 and 2020 consist of the following: Dec 31, 2021 Dec 31, 2020 (millions of dollars) Crude oil 4,162 5,354 Petroleum products 5,081 5,138 Chemical products 3,354 3,023 Gas/other 1,922 654 Total 14,519 14,169 |
Other Comprehensive Income In_2
Other Comprehensive Income Information (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Comprehensive Income (Loss), Net of Tax, Attributable to Parent [Abstract] | |
Schedule Of Accumulated Other Comprehensive Income Information | ExxonMobil Share of Accumulated Other Cumulative Foreign Exchange Translation Adjustment Postretirement Benefits Reserves Adjustment Total (millions of dollars) Balance as of December 31, 2018 (13,881) (5,683) (19,564) Current period change excluding amounts reclassified from accumulated other comprehensive income 1,435 (1,927) (492) Amounts reclassified from accumulated other comprehensive income — 563 563 Total change in accumulated other comprehensive income 1,435 (1,364) 71 Balance as of December 31, 2019 (12,446) (7,047) (19,493) Current period change excluding amounts reclassified from accumulated other comprehensive income (1) 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) (1) Cumulative Foreign Exchange Translation Adjustment includes net investment hedge gain/(loss) net of taxes of $329 million and $(355) million in 2021 and 2020, respectively. |
Reclassification Out Of Accumulated Other Comprehensive Income | Amounts Reclassified Out of Accumulated Other 2021 2020 2019 (millions of dollars) 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) (1,229) (1,158) (751) |
Schedule Of Income Tax (Expense)/Credit For Components Of Other Comprehensive Income | Income Tax (Expense)/Credit For 2021 2020 2019 (millions of dollars) Foreign exchange translation adjustment (114) 118 88 Postretirement benefits reserves adjustment (excluding amortization) (983) 109 719 Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs (304) (262) (169) Total (1,401) (35) 638 |
Cash Flow Information (Tables)
Cash Flow Information (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Supplemental Cash Flow Information [Abstract] | |
Cash Payments For Interest And Income Taxes | 2021 2020 2019 (millions of dollars) Income taxes paid 5,341 2,428 7,018 Cash interest paid Included in cash flows from operating activities 819 786 560 Capitalized, included in cash flows from investing activities 655 665 731 Total cash interest paid 1,474 1,451 1,291 |
Additional Working Capital In_2
Additional Working Capital Information (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Additional Working Capital Information [Abstract] | |
Schedule Of Notes, Accounts Receivable And Payable, Loans Payable, And Accrued Liabilities | Dec 31, 2021 Dec 31, 2020 (millions of dollars) Notes and accounts receivable Trade, less reserves of $159 million and $96 million 26,883 16,339 Other, less reserves of $381 million and $378 million 5,500 4,242 Total 32,383 20,581 Notes and loans payable Bank loans 276 222 Commercial paper 1,608 17,306 Long-term debt due within one year 2,392 2,930 Total 4,276 20,458 Accounts payable and accrued liabilities Trade payables 26,623 17,499 Payables to equity companies 8,885 6,476 Accrued taxes other than income taxes 3,896 3,408 Other 11,362 7,838 Total 50,766 35,221 |
Equity Company Information (Tab
Equity Company Information (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Equity Method Investment, Financial Statement, Reported Amounts [Abstract] | |
Schedule Of Equity Company Financial Summary | 2021 2020 2019 Equity Company Total ExxonMobil Total ExxonMobil Share Total ExxonMobil (millions of dollars) Total revenues 116,972 34,995 69,954 21,282 102,365 31,240 Income before income taxes 35,142 9,278 12,743 2,830 29,424 7,927 Income taxes 11,010 2,763 4,333 870 9,725 2,500 Income from equity affiliates 24,132 6,515 8,410 1,960 19,699 5,427 Current assets 45,267 15,542 33,419 11,969 36,035 12,661 Long-term assets 150,699 41,614 150,358 41,457 143,321 40,001 Total assets 195,966 57,156 183,777 53,426 179,356 52,662 Current liabilities 28,862 8,297 18,827 5,245 24,583 6,939 Long-term liabilities 63,138 19,084 66,053 19,927 61,022 18,158 Net assets 103,966 29,775 98,897 28,254 93,751 27,565 |
Schedule Of The Corporation's Percentage Ownership Interest | A list of significant equity companies as of December 31, 2021, 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 10 Qatar Liquefied Gas Company Limited (2) 24 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 Downstream Alberta Products Pipe Line Ltd. 45 Fujian Refining & Petrochemical Co. Ltd. 25 Permian Express Partners LLC 12 Saudi Aramco Mobil Refinery Company Ltd. 50 Chemical Al-Jubail Petrochemical Company 50 Gulf Coast Growth Ventures LLC 50 Saudi Yanbu Petrochemical Co. 50 |
Investments, Advances And Lon_2
Investments, Advances And Long-Term Receivables (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Long-term Investments and Receivables, Net [Abstract] | |
Schedule Of Investments, Advances And Long-Term Receivables | Dec 31, 2021 Dec 31, 2020 (millions of dollars) Equity method company investments and advances Investments 31,225 29,772 Advances, net of allowances of $34 million and $31 million 8,326 8,812 Total equity method company investments and advances 39,551 38,584 Equity securities carried at fair value and other investments at adjusted cost basis 138 143 Long-term receivables and miscellaneous, net of reserves of $5,974 million and $6,115 million 5,506 4,788 Total 45,195 43,515 |
Property, Plant And Equipment_2
Property, Plant And Equipment And Asset Retirement Obligations (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Property, Plant And Equipment And Asset Retirement Obligations [Abstract] | |
Property, Plant And Equipment | December 31, 2021 December 31, 2020 Property, Plant and Equipment Cost Net Cost Net (millions of dollars) Upstream 375,813 156,951 386,614 167,472 Downstream 57,947 27,417 57,922 27,716 Chemical 43,288 21,793 42,868 21,924 Other 18,014 10,391 17,918 10,441 Total 495,062 216,552 505,322 227,553 |
Asset Retirement Obligations | The following table summarizes the activity in the liability for asset retirement obligations: 2021 2020 2019 (millions of dollars) Balance at January 1 11,247 11,280 12,103 Accretion expense and other provisions 548 584 649 Reduction due to property sales (1,002) (77) (1,085) Payments made (444) (669) (827) Liabilities incurred 42 26 89 Foreign currency translation (147) 239 84 Revisions 386 (136) 267 Balance at December 31 10,630 11,247 11,280 |
Accounting For Suspended Expl_2
Accounting For Suspended Exploratory Well Costs (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Capitalized Exploratory Well Costs [Abstract] | |
Change In Capitalized Suspended Exploratory Well Costs | Change in capitalized suspended exploratory well costs: 2021 2020 2019 (millions of dollars) Balance beginning at January 1 4,382 4,613 4,160 Additions pending the determination of proved reserves 420 208 532 Charged to expense (325) (318) (46) Reclassifications to wells, facilities and equipment based on the (328) (174) (37) Divestments/Other (29) 53 4 Ending balance at December 31 4,120 4,382 4,613 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: 2021 2020 2019 (millions of dollars) Capitalized for a period of one year or less 420 208 532 Capitalized for a period of between one and five years 1,642 1,828 2,206 Capitalized for a period of between five and ten years 1,657 1,932 1,411 Capitalized for a period of greater than ten years 401 414 464 Capitalized for a period greater than one year - subtotal 3,700 4,174 4,081 Total 4,120 4,382 4,613 |
Number Of Projects With Suspended Exploratory Well Costs | 2021 2020 2019 Number of projects that only have exploratory well costs capitalized for a 4 3 4 Number of projects that have exploratory well costs capitalized for a period 30 34 46 Total 34 37 50 |
Additional Detail For Projects With Completed Exploratory Activity Progressing Toward Development | The table below provides additional detail for those 17 projects, which total $2,874 million. Country/Project Dec. 31, 2021 Years Wells Drilled / Acquired Comment (millions of dollars) Argentina – La Invernada 72 2014 Evaluating development plan to tie into planned infrastructure. Australia – Gorgon Area Ullage 327 1994 - 2015 Evaluating development plans to tie into existing LNG facilities. Canada – Hibernia North 26 2019 Awaiting capacity in existing/planned infrastructure. Guyana – Yellowtail 138 2019 - 2020 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. – Bonga SW 3 2001 Evaluating/progressing development plan for tieback to existing/planned infrastructure. – Pegi 32 2009 Awaiting capacity in 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. Romania – Neptun Deep 536 2012 - 2016 Continuing discussions with the government regarding development plan. Tanzania – 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 2021 (17 projects) 2,874 |
Leases (Tables)
Leases (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Leases [Abstract] | |
Lease Cost | Operating Leases Finance Leases Lease Cost 2021 2020 2019 2021 2020 2019 (millions of dollars) Operating lease cost 1,542 1,553 1,434 Short-term and other (net of sublease rental income) 1,351 1,613 2,042 Amortization of right of use assets 133 143 121 Interest on lease liabilities 158 169 133 Total (1) 2,893 3,166 3,476 291 312 254 (1) Includes $681 million, $827 million and $1,164 million for drilling rigs and related equipment operating leases in 2021, 2020 and 2019, respectively. |
Right Of Use Assets And Lease Liabilities | Operating Leases Finance Leases Balance Sheet December 31, 2021 December 31, 2020 December 31, 2021 December 31, 2020 (millions of dollars) Right of use assets Included in Other assets, including intangibles - net 6,082 6,078 Included in Property, plant and equipment - net 2,412 2,188 Total right of use assets 6,082 6,078 2,412 2,188 Lease liability due within one year Included in Accounts payable and accrued liabilities 1,367 1,168 4 4 Included in Notes and loans payable 111 102 Long-term lease liability Included in Other long-term obligations 3,823 3,994 Included in Long-term debt 1,761 1,680 Included in Long-term obligations to equity companies 131 135 Total lease liability (2) 5,190 5,162 2,007 1,921 Weighted average remaining lease term (years) 10 11 20 20 Weighted average discount rate (percent) 2.3 % 2.9 % 7.7 % 8.9 % (2) Includes $935 million and $832 million for drilling rigs and related equipment operating leases in 2021 and 2020, respectively. |
Maturity Analysis of Operating Leases | Operating Leases Finance Leases Maturity Analysis of Lease Liabilities December 31, 2021 (millions of dollars) 2022 1,456 262 2023 1,141 256 2024 574 253 2025 437 246 2026 384 382 2027 and beyond 1,978 2,111 Total lease payments 5,970 3,510 Discount to present value (780) (1,503) Total lease liability 5,190 2,007 |
Maturity Analysis of Finance Leases | Operating Leases Finance Leases Maturity Analysis of Lease Liabilities December 31, 2021 (millions of dollars) 2022 1,456 262 2023 1,141 256 2024 574 253 2025 437 246 2026 384 382 2027 and beyond 1,978 2,111 Total lease payments 5,970 3,510 Discount to present value (780) (1,503) Total lease liability 5,190 2,007 |
Operating And Finance Leases Other Information | Operating Leases Finance Leases Other Information 2021 2020 2019 2021 2020 2019 (millions of dollars) Cash paid for amounts included in the measurement of lease liabilities Cash flows from operating activities 1,135 1,159 1,116 20 31 54 Cash flows from investing activities 291 283 258 Cash flows from financing activities 110 94 177 Noncash right of use assets recorded for lease liabilities For January 1 adoption of ASC 842 3,263 In exchange for lease liabilities during the period 1,405 735 3,663 200 108 422 |
Earnings Per Share (Tables)
Earnings Per Share (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Earnings Per Share [Abstract] | |
Earnings Per Share Computation | Earnings per common share 2021 2020 2019 Net income (loss) attributable to ExxonMobil (millions of dollars) 23,040 (22,440) 14,340 Weighted average number of common shares outstanding (millions of shares) 4,275 4,271 4,270 Earnings (loss) per common share (dollars) (1) 5.39 (5.25) 3.36 Dividends paid per common share (dollars) 3.49 3.48 3.43 (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, 2021 | |
Financial Instruments And Derivatives [Abstract] | |
Financial Instruments | The estimated fair value of financial instruments at December 31, 2021 and December 31, 2020, and the related hierarchy level for the fair value measurement is as follows: December 31, 2021 (millions of dollars) Fair Value 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 December 31, 2020 (millions of dollars) Fair Value 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) 1,247 194 — 1,441 (1,282) (6) — 153 Advances to/receivables from equity companies (2)(6) — 3,275 5,904 9,179 — — (367) 8,812 Other long-term financial assets (3) 1,235 — 944 2,179 — — 125 2,304 Liabilities Derivative liabilities (4) 1,443 254 — 1,697 (1,282) (202) — 213 Long-term debt (5) 50,263 125 4 50,392 — — (4,890) 45,502 Long-term obligations to equity companies (6) — — 3,530 3,530 — — (277) 3,253 Other long-term financial liabilities (7) — — 964 964 — — 44 1,008 (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, 2021 and December 31, 2020, was as follows: December 31, December 31, 2021 2020 (millions) Crude oil (barrels) 82 40 Petroleum products (barrels) (48) (46) Natural gas (MMBTUs) (115) (500) |
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: 2021 2020 2019 (millions of dollars) Sales and other operating revenue (3,818) 404 (412) Crude oil and product purchases 48 (407) 179 Total (3,770) (3) (233) |
Long-Term Debt (Tables)
Long-Term Debt (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Long-term Debt, Unclassified [Abstract] | |
Summarized Long-Term Debt | Summarized long-term debt at year-end 2021 and 2020 are shown in the table below: Average Rate (1) Dec 31, 2021 Dec 31, 2020 (millions of dollars) Exxon Mobil Corporation (2) 2.397% notes due 2022 — 1,150 1.902% notes due 2022 — 750 Floating-rate notes due 2022 (Issued 2015) — 500 Floating-rate notes due 2022 (Issued 2019) — 750 1.571% notes due 2023 2,750 2,750 2.726% notes due 2023 1,250 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 2,794 2,807 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 2,087 2,091 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 1,698 1,841 0.524% notes due 2028 1,133 1,227 0.835% notes due 2032 1,133 1,227 1.408% notes due 2039 1,133 1,227 XTO Energy Inc. (3) 6.100% senior notes due 2036 191 192 6.750% senior notes due 2037 291 294 6.375% senior notes due 2038 226 227 Industrial revenue bonds due 2022-2051 0.028% 2,244 2,461 Other U.S. dollar obligations 64 78 Other foreign currency obligations 37 61 Finance lease obligations 7.438% 1,761 1,680 Debt issuance costs (114) (131) Total long-term debt 43,428 47,182 (1) Average effective interest rate for debt and average imputed interest rate for finance leases at December 31, 2021. (2) Includes premiums of $131 million in 2021 and $148 million in 2020. (3) Includes premiums of $82 million in 2021 and $87 million in 2020. |
Incentive Program (Tables)
Incentive Program (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
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, 2021. 2021 Restricted stock and units outstanding Shares Weighted Average Grant-Date (thousands) (dollars) Issued and outstanding at January 1 39,585 80.43 Awards issued in 2021 8,753 41.29 Vested (9,142) 86.16 Forfeited (274) 66.54 Issued and outstanding at December 31 38,922 70.38 |
Grant Value Of Restricted Stock Units | Value of restricted stock units 2021 2020 2019 Grant price (dollars) 62.76 41.15 68.77 Value at date of grant: (millions of dollars) Units settled in stock 461 325 559 Units settled in cash 49 32 55 Total value 510 357 614 |
Litigation And Other Continge_2
Litigation And Other Contingencies (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Loss Contingency [Abstract] | |
Schedule Of Guarantees | December 31, 2021 Equity Company Obligations (1) Other Third-Party Obligations Total (millions of dollars) Guarantees Debt-related 1,109 140 1,249 Other 775 6,498 7,273 Total 1,884 6,638 8,522 (1) ExxonMobil share. |
Pension And Other Postretirem_2
Pension And Other Postretirement Benefits (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Retirement Benefits [Abstract] | |
Change In Benefit Obligation Of Pension And Other Postretirement Benefits | Pension Benefits Other Postretirement U.S. Non-U.S. Benefits 2021 2020 2021 2020 2021 2020 (percent) Weighted-average assumptions used to determine benefit obligations at December 31 Discount rate 3.00 2.80 2.20 1.60 3.10 2.80 Long-term rate of compensation increase 4.50 5.50 4.20 4.20 4.50 5.50 (millions of dollars) Change in benefit obligation Benefit obligation at January 1 21,662 20,959 33,626 29,918 8,135 8,113 Service cost 919 965 774 707 188 181 Interest cost 558 708 526 657 221 277 Actuarial loss/(gain) (1) (747) 1,287 (2,803) 2,344 (881) (66) Benefits paid (2) (3) (3,810) (1,987) (1,550) (1,317) (517) (510) Foreign exchange rate changes — — (1,162) 1,375 3 23 Amendments, divestments and other (71) (270) 81 (58) 116 117 Benefit obligation at December 31 18,511 21,662 29,492 33,626 7,265 8,135 Accumulated benefit obligation at December 31 15,781 17,502 27,373 30,952 — — (1) Actuarial loss/(gain) primarily reflects changes in discount rates, lower long-term rates of compensation and a lower health care cost trend rate. (2) Benefit payments for funded and unfunded plans. (3) For 2021 and 2020, other postretirement benefits paid are net of $9 million and $16 million of Medicare subsidy receipts, respectively. |
Change In Plan Assets Of Pension And Other Postretirement Benefits | Pension Benefits Other Postretirement U.S. Non-U.S. Benefits 2021 2020 2021 2020 2021 2020 (millions of dollars) Change in plan assets Fair value at January 1 15,300 13,636 26,216 22,916 446 425 Actual return on plan assets 479 2,269 571 2,795 20 42 Foreign exchange rate changes — — (605) 1,011 — — Company contribution 794 1,004 293 597 28 37 Benefits paid (1) (3,307) (1,609) (1,167) (992) (54) (58) Other — — (428) (111) — — Fair value at December 31 13,266 15,300 24,880 26,216 440 446 (1) Benefit payments for funded plans. |
Summary Of Assets In Excess Of/(Less Than) Benefit Obligation | Pension Benefits U.S. Non-U.S. 2021 2020 2021 2020 (millions of dollars) Assets in excess of/(less than) benefit obligation Balance at December 31 Funded plans (3,570) (4,156) 554 (1,223) Unfunded plans (1,675) (2,206) (5,166) (6,187) Total (5,245) (6,362) (4,612) (7,410) |
Amounts Recorded In Balance Sheet And Other Comprehensive Income | Pension Benefits Other Postretirement Benefits U.S. Non-U.S. 2021 2020 2021 2020 2021 2020 (millions of dollars) Assets in excess of/(less than) benefit obligation Balance at December 31 (1) (5,245) (6,362) (4,612) (7,410) (6,825) (7,689) Amounts recorded in the consolidated balance sheet consist of: Other assets — — 2,544 1,931 — — Current liabilities (206) (377) (267) (273) (323) (327) Postretirement benefits reserves (5,039) (5,985) (6,889) (9,068) (6,502) (7,362) Total recorded (5,245) (6,362) (4,612) (7,410) (6,825) (7,689) Amounts recorded in accumulated other comprehensive income consist of: Net actuarial loss/(gain) 1,865 3,102 2,841 5,904 197 1,164 Prior service cost (324) (275) 262 208 (232) (274) Total recorded in accumulated other comprehensive income 1,541 2,827 3,103 6,112 (35) 890 (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 Benefits U.S. Non-U.S. 2021 2020 2019 2021 2020 2019 2021 2020 2019 Weighted-average assumptions used to determine net periodic benefit cost for years ended December 31 (percent) Discount rate 2.80 3.50 4.40 1.60 2.30 3.00 2.80 3.50 4.40 Long-term rate of return on funded assets 5.30 5.30 5.30 4.10 4.10 4.10 4.60 4.60 4.60 Long-term rate of compensation increase 5.50 5.75 5.75 4.20 4.80 4.30 5.50 5.75 5.75 Components of net periodic benefit cost (millions of dollars) Service cost 919 965 757 774 707 551 188 181 139 Interest cost 558 708 766 526 657 763 221 277 315 Expected return on plan assets (722) (703) (568) (1,031) (897) (777) (19) (18) (15) Amortization of actuarial loss/(gain) 244 310 305 420 416 306 76 95 55 Amortization of prior service cost (23) 5 5 57 68 56 (42) (42) (42) Net pension enhancement and curtailment/settlement cost 489 280 164 32 49 (98) — — — Net periodic benefit cost 1,465 1,565 1,429 778 1,000 801 424 493 452 Changes in amounts recorded in accumulated other comprehensive income: Net actuarial loss/(gain) (504) (279) 609 (2,361) 446 1,268 (891) (92) 517 Amortization of actuarial (loss)/gain (733) (590) (469) (430) (442) (208) (76) (95) (55) Prior service cost/(credit) (72) (271) — 92 (82) 379 — — — Amortization of prior service (cost)/credit 23 (5) (5) (55) (68) (56) 42 42 42 Foreign exchange rate changes — — — (255) 236 19 — 11 — Total recorded in other comprehensive income (1,286) (1,145) 135 (3,009) 90 1,402 (925) (134) 504 Total recorded in net periodic benefit cost and other comprehensive income, before tax 179 420 1,564 (2,231) 1,090 2,203 (501) 359 956 |
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 2021 2020 2019 (millions of dollars) (Charge)/credit to other comprehensive income, before tax U.S. pension 1,286 1,145 (135) Non-U.S. pension 3,009 (90) (1,402) Other postretirement benefits 925 134 (504) Total (charge)/credit to other comprehensive income, before tax 5,220 1,189 (2,041) (Charge)/credit to income tax (see Note 4) (1,287) (153) 550 (Charge)/credit to investment in equity companies 110 (110) (19) (Charge)/credit to other comprehensive income including noncontrolling interests, after tax 4,043 926 (1,510) Charge/(credit) to equity of noncontrolling interests (217) 30 146 (Charge)/credit to other comprehensive income attributable to ExxonMobil 3,826 956 (1,364) |
Fair Value Of The Benefit Plan Assets (Pension) | 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 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 (millions of dollars) 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. The 2020 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 Fair Value Measurement at December 31, 2020, Using: Fair Value Measurement at December 31, 2020, Using: Level 1 Level 2 Level 3 Net Asset Value Total Level 1 Level 2 Level 3 Net Asset Value Total (millions of dollars) Asset category: Equity securities U.S. — — — 2,323 2,323 — — — 4,177 4,177 Non-U.S. — — — 1,703 1,703 89 (1) — — 3,285 3,374 Private equity — — — 548 548 — — — 530 530 Debt securities Corporate — 5,146 (2) — 1 5,147 — 138 (2) — 5,212 5,350 Government — 5,261 (2) — 2 5,263 250 (3) 116 (2) — 11,993 12,359 Asset-backed — — — 1 1 — 24 (2) — 239 263 Cash — — — 308 308 69 21 (4) — 50 140 Total at fair value — 10,407 — 4,886 15,293 408 299 — 25,486 26,193 Insurance contracts at contract value 7 23 Total plan assets 15,300 26,216 (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 Fair Value Measurement at December 31, 2021, Using: Level 1 Level 2 Level 3 Net Asset Value Total (millions of dollars) 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. Other Postretirement Fair Value Measurement at December 31, 2020, Using: Level 1 Level 2 Level 3 Net Asset Value Total (millions of dollars) Asset category: Equity securities U.S. 88 (1) — — — 88 Non-U.S. 48 (1) — — — 48 Debt securities Corporate — 103 (2) — — 103 Government — 204 (2) — — 204 Asset-backed — — — — — Cash — — — 3 3 Total at fair value 136 307 — 3 446 (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 U.S. Non-U.S. 2021 2020 2021 2020 (millions of dollars) For funded pension plans with an accumulated benefit obligation in excess of plan assets: Accumulated benefit obligation 14,511 16,129 3,108 4,602 Fair value of plan assets 13,266 15,300 1,711 2,652 For funded pension plans with a projected benefit obligation in excess of plan assets: Projected benefit obligation 16,836 19,456 4,840 13,836 Fair value of plan assets 13,266 15,300 2,849 10,681 For unfunded pension plans: Projected benefit obligation 1,675 2,206 5,166 6,187 Accumulated benefit obligation 1,270 1,373 4,685 5,469 |
Expected Contributions and Benefit Payments for Pension Benefits And Other Postretirement Benefits | Pension Benefits Other Postretirement Benefits U.S. Non-U.S. Gross Medicare Subsidy Receipt (millions of dollars) Contributions expected in 2022 640 405 — — Benefit payments expected in: 2022 1,306 1,173 423 21 2023 1,188 1,176 414 22 2024 1,179 1,205 409 23 2025 1,157 1,173 405 24 2026 1,154 1,155 396 25 2027 - 2031 5,803 6,145 1,981 132 |
Disclosures About Segments An_2
Disclosures About Segments And Related Information (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Segment Reporting, Measurement Disclosures [Abstract] | |
Disclosures About Segments And Related Information | Upstream Downstream Chemical Corporate and Corporate U.S. Non-U.S. U.S. Non-U.S. U.S. Non-U.S. Financing Total (millions of dollars) As of December 31, 2021 Earnings (loss) after income tax 3,663 12,112 1,314 791 4,502 3,294 (2,636) 23,040 Earnings of equity companies included above 288 5,535 122 74 (139) 1,131 (354) 6,657 Sales and other operating revenue 8,883 12,914 80,044 137,963 15,309 21,549 30 276,692 Intersegment revenue 16,692 33,405 21,622 27,065 9,639 6,047 227 — Depreciation and depletion expense 6,831 9,918 724 1,031 578 650 875 20,607 Interest revenue — — — — — — 33 33 Interest expense 58 36 1 7 — 1 844 947 Income tax expense (benefit) 1,116 4,871 379 160 1,476 688 (1,054) 7,636 Additions to property, plant and equipment 3,308 5,308 997 983 548 739 658 12,541 Investments in equity companies 4,999 18,544 352 888 3,020 3,759 (337) 31,225 Total assets 67,294 141,978 27,436 39,630 19,069 20,653 22,863 338,923 As of December 31, 2020 Earnings (loss) after income tax (19,385) (645) (852) (225) 1,277 686 (3,296) (22,440) Effect of asset impairments - noncash (17,138) (2,287) (15) (609) (100) (69) (35) (20,253) Earnings of equity companies included above (559) 2,101 134 (190) (21) 651 (384) 1,732 Sales and other operating revenue 5,876 8,673 48,256 92,640 8,529 14,562 38 178,574 Intersegment revenue 8,508 19,642 12,258 15,162 6,099 3,881 221 — Depreciation and depletion expense 28,627 12,723 716 1,672 685 694 892 46,009 Interest revenue — — — — — — 49 49 Interest expense 52 93 1 21 — — 991 1,158 Income tax expense (benefit) (5,958) 742 (324) 393 440 272 (1,197) (5,632) Additions to property, plant and equipment 5,726 4,418 2,983 1,731 1,221 592 671 17,342 Investments in equity companies 4,792 18,135 352 879 2,543 3,514 (443) 29,772 Total assets 71,287 144,730 23,754 34,848 17,839 20,220 20,072 332,750 As of December 31, 2019 Earnings (loss) after income tax 536 13,906 1,717 606 206 386 (3,017) 14,340 Earnings of equity companies included above 282 4,534 196 19 (4) 818 (404) 5,441 Sales and other operating revenue 9,364 13,779 70,523 134,460 9,723 17,693 41 255,583 Intersegment revenue 10,893 30,864 22,416 24,775 7,864 5,905 224 — Depreciation and depletion expense 6,162 9,305 674 832 555 621 849 18,998 Interest revenue — — — — — — 84 84 Interest expense 54 34 1 9 — 1 731 830 Income tax expense (benefit) (151) 5,509 465 361 58 305 (1,265) 5,282 Additions to property, plant and equipment 10,404 7,347 2,685 1,777 1,344 589 758 24,904 Investments in equity companies 5,313 17,736 319 1,062 1,835 3,335 (309) 29,291 Total assets 95,750 151,181 23,442 37,133 16,544 20,376 18,171 362,597 |
Geographic Sales And Other Operating Revenue | Sales and other operating revenue 2021 2020 2019 (millions of dollars) United States 104,236 62,663 89,612 Non-U.S. 172,456 115,911 165,971 Total 276,692 178,574 255,583 Significant non-U.S. revenue sources include: (1) Canada 22,166 13,093 19,735 Singapore 15,031 9,442 12,128 United Kingdom 14,759 11,055 17,479 France 13,236 8,676 12,740 Italy 10,056 7,091 10,459 Belgium 9,153 6,231 11,644 Australia 7,646 5,839 7,941 (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 | December 31, Long-lived assets 2021 2020 2019 (millions of dollars) United States 90,412 94,732 114,372 Non-U.S. 126,140 132,821 138,646 Total 216,552 227,553 253,018 Significant non-U.S. long-lived assets include: Canada 34,907 36,232 39,130 Australia 12,988 14,792 13,933 Singapore 11,969 12,129 11,645 Kazakhstan 8,463 8,882 9,315 Papua New Guinea 7,534 7,803 8,057 United Arab Emirates 5,392 5,381 5,262 Nigeria 5,235 6,345 7,640 Guyana 4,892 3,547 2,542 Brazil 4,337 3,281 3,338 Russia 4,055 4,616 5,135 Angola 3,207 4,405 5,784 |
Income And Other Taxes (Tables)
Income And Other Taxes (Tables) | 12 Months Ended |
Dec. 31, 2021 | |
Income And Other Taxes [Abstract] | |
Schedule Of Income And Other Taxes | 2021 2020 2019 U.S. Non-U.S. Total U.S. Non-U.S. Total U.S. Non-U.S. Total (millions of dollars) Income tax expense (benefit) Federal and non-U.S. Current 236 6,948 7,184 262 2,908 3,170 (121) 6,171 6,050 Deferred - net 870 (914) (44) (6,045) (2,007) (8,052) (255) (420) (675) U.S. tax on non-U.S. operations 26 — 26 13 — 13 89 — 89 Total federal and non-U.S. 1,132 6,034 7,166 (5,770) 901 (4,869) (287) 5,751 5,464 State 470 — 470 (763) — (763) (182) — (182) Total income tax expense (benefit) 1,602 6,034 7,636 (6,533) 901 (5,632) (469) 5,751 5,282 All other taxes and duties Other taxes and duties 3,731 26,508 30,239 3,108 23,014 26,122 3,566 26,959 30,525 Included in production and manufacturing expenses 1,589 674 2,263 1,148 663 1,811 1,385 811 2,196 Included in SG&A expenses 170 283 453 164 328 492 160 305 465 Total other taxes and duties 5,490 27,465 32,955 4,420 24,005 28,425 5,111 28,075 33,186 Total 7,092 33,499 40,591 (2,113) 24,906 22,793 4,642 33,826 38,468 |
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 2021, 2020 and 2019 is as follows: 2021 2020 2019 (millions of dollars) Income (loss) before income taxes United States 9,478 (27,704) (53) Non-U.S. 21,756 (1,179) 20,109 Total 31,234 (28,883) 20,056 Theoretical tax 6,559 (6,065) 4,212 Effect of equity method of accounting (1,398) (364) (1,143) Non-U.S. taxes in excess of/(less than) theoretical U.S. tax (1)(2) 2,809 1,606 2,573 State taxes, net of federal tax benefit (1) 371 (603) (144) Other (705) (206) (216) Total income tax expense (credit) 7,636 (5,632) 5,282 Effective tax rate calculation Income tax expense (credit) 7,636 (5,632) 5,282 ExxonMobil share of equity company income taxes 2,756 861 2,490 Total income tax expense (credit) 10,392 (4,771) 7,772 Net income (loss) including noncontrolling interests 23,598 (23,251) 14,774 Total income (loss) before taxes 33,990 (28,022) 22,546 Effective income tax rate 31 % 17 % 34 % (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) 2019 includes taxes less than the theoretical U.S. tax of $773 million from Norway operations and the sale of upstream assets, $657 million from a tax rate change in Alberta, Canada, and $268 million from an adjustment to a prior year tax position. |
Deferred Tax Liabilities/(Assets) | Deferred tax liabilities/(assets) are comprised of the following at December 31: Tax effects of temporary differences for: 2021 2020 (millions of dollars) Property, plant and equipment 27,888 28,778 Other liabilities 6,353 6,427 Total deferred tax liabilities 34,241 35,205 Pension and other postretirement benefits (3,687) (4,703) Asset retirement obligations (2,865) (3,150) Tax loss carryforwards (6,914) (8,982) Other assets (7,694) (7,095) Total deferred tax assets (21,160) (23,930) Asset valuation allowances 2,634 2,731 Net deferred tax liabilities 15,715 14,006 |
Deferred Income Tax (Assets) And Liabilities By Balance Sheet Classification | Balance sheet classification 2021 2020 (millions of dollars) Other assets, including intangibles, net (4,450) (4,159) Deferred income tax liabilities 20,165 18,165 Net deferred tax liabilities 15,715 14,006 |
Unrecognized Tax Benefits | The following table summarizes the movement in unrecognized tax benefits: Gross unrecognized tax benefits 2021 2020 2019 (millions of dollars) Balance at January 1 8,764 8,844 9,174 Additions based on current year's tax positions 358 253 287 Additions for prior years' tax positions 100 218 120 Reductions for prior years' tax positions (79) (201) (97) Reductions due to lapse of the statute of limitations (2) (237) (279) Settlements with tax authorities (11) (113) (538) Foreign exchange effects/other — — 177 Balance at December 31 9,130 8,764 8,844 |
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 2020 — 2021 Angola 2018 — 2021 Australia 2010 — 2021 Belgium 2017 — 2021 Canada 2001 — 2021 Equatorial Guinea 2007 — 2021 Indonesia 2008 — 2021 Iraq 2016 — 2021 Malaysia 2017 — 2021 Nigeria 2006 — 2021 Papua New Guinea 2008 — 2021 Russia 2019 — 2021 United Kingdom 2015 — 2021 United States 2006 — 2021 |
Summary Of Accounting Policie_2
Summary Of Accounting Policies (Details) | 12 Months Ended |
Dec. 31, 2021 | |
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 |
Restructuring Activities (Narra
Restructuring Activities (Narrative) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Restructuring Cost and Reserve [Line Items] | |||
Restructuring charges, workforce reduction programs, before-tax | $ 58 | $ 450 | |
Restructuring Reserve | 77 | $ 403 | $ 0 |
Employee Severance [Member] | |||
Restructuring Cost and Reserve [Line Items] | |||
Restructuring charges, workforce reduction programs, before-tax | 58 | ||
Restructuring Reserve | $ 77 |
Restructuring Activities (Summa
Restructuring Activities (Summary of Reserves and Charges) (Details) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 31, 2020 | |
Restructuring Reserve [Roll Forward] | ||
Balance at January 1, Workforce reduction program reserves and charges | $ 403 | $ 0 |
Additions/adjustments, Workforce reduction program reserves and charges | 58 | 450 |
Payments made, Workforce reduction program reserves and charges | (384) | (47) |
Balance at December 31, Workforce reduction program reserves and charges | $ 77 | $ 403 |
Miscellaneous Financial Infor_3
Miscellaneous Financial Information (Narrative) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | |||
Research and development expense | $ 843 | $ 1,016 | $ 1,214 |
Foreign currency transaction gain/(loss), before tax | (18) | (24) | (104) |
Gains/(losses) on combined effects of LIFO inventory accumulations and draw-downs | 54 | 41 | $ 523 |
Aggregate replacement cost of inventories estimated to exceed LIFO carrying values | $ 14,000 | 5,400 | |
Before-tax goodwill impairment charges | $ 611 |
Miscellaneous Financial Infor_4
Miscellaneous Financial Information (Crude Oil, Products And Merchandise) (Details) - USD ($) $ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Organization, Consolidation and Presentation of Financial Statements [Abstract] | ||
Crude oil | $ 4,162 | $ 5,354 |
Petroleum products | 5,081 | 5,138 |
Chemical products | 3,354 | 3,023 |
Gas/other | 1,922 | 654 |
Total | $ 14,519 | $ 14,169 |
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, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Other Comprehensive Income Foreign Currency Transaction and Translation Adjustment Net Of Tax Period Increase Decrease [Abstract] | |||
Current period change excluding amounts reclassified from accumulated other comprehensive income, Cumulative Foreign Exchange Translation Adjustment | $ (872) | $ 1,916 | $ 1,735 |
Amounts reclassified from accumulated other comprehensive income, Cumulative Foreign Exchange Translation Adjustment | (2) | 14 | 0 |
Other Comprehensive Income Defined Benefit Plans, Net Of Tax Period Increase Decrease [Abstract] | |||
Current period change excluding amounts reclassified from accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment | 3,118 | 30 | (2,092) |
Amounts reclassified from accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment | 925 | 896 | 582 |
Other Comprehensive Income Loss Net Of Tax Period Change [Abstract] | |||
Beginning Balance, Total | (16,705) | ||
Ending Balance, Total | (13,764) | (16,705) | |
Exxon Mobil Corporation Share After Noncontrolling Interest [Member] | |||
Other Comprehensive Income Foreign Currency Transaction and Translation Adjustment Net Of Tax Period Increase Decrease [Abstract] | |||
Beginning Balance, Cumulative Foreign Exchange Translation Adjustment | (10,614) | (12,446) | (13,881) |
Current period change excluding amounts reclassified from accumulated other comprehensive income, Cumulative Foreign Exchange Translation Adjustment | (883) | 1,818 | 1,435 |
Amounts reclassified from accumulated other comprehensive income, Cumulative Foreign Exchange Translation Adjustment | (2) | 14 | 0 |
Total change in accumulated other comprehensive income, Cumulative Foreign Exchange Translation Adjustment | (885) | 1,832 | 1,435 |
Ending Balance, Cumulative Foreign Exchange Translation Adjustment | (11,499) | (10,614) | (12,446) |
Net investment hedge gain/(loss), net of taxes | 329 | (355) | |
Other Comprehensive Income Defined Benefit Plans, Net Of Tax Period Increase Decrease [Abstract] | |||
Beginning Balance, Postretirement Benefits Reserves Adjustment | (6,091) | (7,047) | (5,683) |
Current period change excluding amounts reclassified from accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment | 2,938 | 95 | (1,927) |
Amounts reclassified from accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment | 888 | 861 | 563 |
Total change in accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment | 3,826 | 956 | (1,364) |
Ending Balance, Postretirement Benefits Reserves Adjustment | (2,265) | (6,091) | (7,047) |
Other Comprehensive Income Loss Net Of Tax Period Change [Abstract] | |||
Beginning Balance, Total | (16,705) | (19,493) | (19,564) |
Current period change excluding amounts reclassified from accumulated other comprehensive income, Total | 2,055 | 1,913 | (492) |
Amounts reclassified from accumulated other comprehensive income, Total | 886 | 875 | 563 |
Total change in accumulated other comprehensive income | 2,941 | 2,788 | 71 |
Ending Balance, Total | $ (13,764) | $ (16,705) | $ (19,493) |
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, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Other Comprehensive Income Information Before Tax [Abstract] | |||
Foreign exchange translation gain/(loss) included in net income (Statement of Income line: Other income) | $ 2 | $ (14) | $ 0 |
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) | $ (1,229) | $ (1,158) | $ (751) |
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, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Other Comprehensive Income Information Tax [Abstract] | |||
Foreign exchange translation adjustment | $ (114) | $ 118 | $ 88 |
Postretirement benefits reserves adjustment (excluding amortization) | (983) | 109 | 719 |
Amortization and settlement of postretirement benefits reserves adjustment included in net periodic benefit costs | (304) | (262) | (169) |
Total | $ (1,401) | $ (35) | $ 638 |
Cash Flow Information (Cash Pay
Cash Flow Information (Cash Payments For Interest And Income Taxes) (Narrative) (Details) - Disposal Group, Disposed of by Sale, Not Discontinued Operations [Member] $ in Billions | 12 Months Ended | |
Dec. 31, 2021USD ($)site | Dec. 31, 2019USD ($) | |
NonOperatedUpstreamAssetsInUK | ||
Before tax gain on sale of non-operated upstream assets | $ 0.4 | |
Proceeds from Divestiture of Businesses | 0.7 | |
Global Santoprene Business [Member] | ||
Before tax gain on sale of non-operated upstream assets | 0.8 | |
Proceeds from Divestiture of Businesses | $ 1.1 | |
Sites to be divested | site | 2 | |
Nonoperated Upstream Assets In Norway [Member] | ||
Before tax gain on sale of non-operated upstream assets | $ 3.7 | |
Proceeds from Divestiture of Businesses | 3.1 | |
Sales price of non-operated upstream assets | $ 4.5 |
Cash Flow Information (Cash P_2
Cash Flow Information (Cash Payments For Interest And Income Taxes) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Supplemental Cash Flow Information [Abstract] | |||
Income taxes paid | $ 5,341 | $ 2,428 | $ 7,018 |
Cash interest paid - Included in cash flows from operating activities | 819 | 786 | 560 |
Cash interest paid - capitalized, included in cash flows from investing activities | 655 | 665 | 731 |
Total cash interest paid | $ 1,474 | $ 1,451 | $ 1,291 |
Additional Working Capital In_3
Additional Working Capital Information (Narrative) (Details) - USD ($) $ in Billions | Dec. 31, 2021 | Dec. 31, 2020 |
Line of Credit Facility [Line Items] | ||
Weighted-average interest rate on short-term borrowings outstanding | 0.20% | 0.20% |
Short Term Financing [Member] | ||
Line of Credit Facility [Line Items] | ||
Unused credit lines | $ 10.7 |
Additional Working Capital In_4
Additional Working Capital Information (Schedule Of Notes, Accounts Receivable And Payable, Loans Payable, Accrued Liabilities) (Details) - USD ($) $ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Notes and Accounts Receivable [Abstract] | ||
Trade notes and accounts receivable, less reserves of $159 million and $96 million | $ 26,883 | $ 16,339 |
Other notes and accounts receivable, less reserves of $381 million and $378 million | 5,500 | 4,242 |
Total notes and accounts receivable | 32,383 | 20,581 |
Trade notes and accounts receivable, reserves | 159 | 96 |
Other notes and accounts receivable, reserves | 381 | 378 |
Notes and Loans Payable [Abstract] | ||
Bank loans | 276 | 222 |
Commercial paper | 1,608 | 17,306 |
Long-term debt due within one year | 2,392 | 2,930 |
Total notes and loans payable | 4,276 | 20,458 |
Accounts Payable and Accrued Liabilities Current [Abstract] | ||
Trade payables | 26,623 | 17,499 |
Payables to equity companies | 8,885 | 6,476 |
Accrued taxes other than income taxes | 3,896 | 3,408 |
Other accounts payable and accrued liabilities | 11,362 | 7,838 |
Total accounts payable and accrued liabilities | $ 50,766 | $ 35,221 |
Equity Company Information (Nar
Equity Company Information (Narrative) (Details) - USD ($) $ in Billions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Equity Method Investment, Financial Statement, Reported Amounts [Abstract] | |||
Share of equity company revenues from sales to consolidated companies | 10.00% | 11.00% | 13.00% |
Upstream [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Impairment related to equity method investments | $ 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, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Schedule of Equity Method Investments [Line Items] | |||
Total revenues | $ 285,640 | $ 181,502 | $ 264,938 |
Income from equity affiliates | 6,657 | 1,732 | 5,441 |
Current assets | 6,802 | 4,364 | |
Total assets | 338,923 | 332,750 | 362,597 |
Current liabilities | 56,643 | 56,363 | |
Investments (Companies carried at equity in underlying assets) | 31,225 | 29,772 | 29,291 |
Exxon Mobil Equity Company | |||
Schedule of Equity Method Investments [Line Items] | |||
Total revenues | 34,995 | 21,282 | 31,240 |
Income before income taxes | 9,278 | 2,830 | 7,927 |
Income taxes | 2,763 | 870 | 2,500 |
Income from equity affiliates | 6,515 | 1,960 | 5,427 |
Current assets | 15,542 | 11,969 | 12,661 |
Long-term assets | 41,614 | 41,457 | 40,001 |
Total assets | 57,156 | 53,426 | 52,662 |
Current liabilities | 8,297 | 5,245 | 6,939 |
Long-term liabilities | 19,084 | 19,927 | 18,158 |
Investments (Companies carried at equity in underlying assets) | 29,775 | 28,254 | 27,565 |
Equity Method Investment, Nonconsolidated Investee or Group of Investees [Member] | |||
Schedule of Equity Method Investments [Line Items] | |||
Total revenues | 116,972 | 69,954 | 102,365 |
Income before income taxes | 35,142 | 12,743 | 29,424 |
Income taxes | 11,010 | 4,333 | 9,725 |
Income from equity affiliates | 24,132 | 8,410 | 19,699 |
Current assets | 45,267 | 33,419 | 36,035 |
Long-term assets | 150,699 | 150,358 | 143,321 |
Total assets | 195,966 | 183,777 | 179,356 |
Current liabilities | 28,862 | 18,827 | 24,583 |
Long-term liabilities | 63,138 | 66,053 | 61,022 |
Investments (Companies carried at equity in underlying assets) | $ 103,966 | $ 98,897 | $ 93,751 |
Equity Company Information (S_2
Equity Company Information (Schedule Of The Corporation's Percentage Ownership Interest) (Details) | Dec. 31, 2021 |
Upstream [Member] | Aera Energy LLC | |
Schedule of Equity Method Investments [Line Items] | |
Percentage ownership interest | 48.00% |
Upstream [Member] | Barzan Gas Company Limited | |
Schedule of Equity Method Investments [Line Items] | |
Percentage ownership interest | 7.00% |
Upstream [Member] | BEB Erdgas und Erdoel GmbH & Co. KG | |
Schedule of Equity Method Investments [Line Items] | |
Percentage ownership interest | 50.00% |
Upstream [Member] | Caspian Pipeline Consortium | |
Schedule of Equity Method Investments [Line Items] | |
Percentage ownership interest | 8.00% |
Upstream [Member] | CORAL FLNG, S.A. | |
Schedule of Equity Method Investments [Line Items] | |
Percentage ownership interest | 25.00% |
Upstream [Member] | Cross Timbers Energy, LLC | |
Schedule of Equity Method Investments [Line Items] | |
Percentage ownership interest | 50.00% |
Upstream [Member] | GasTerra B.V. | |
Schedule of Equity Method Investments [Line Items] | |
Percentage ownership interest | 25.00% |
Upstream [Member] | Golden Pass LNG Terminal LLC | |
Schedule of Equity Method Investments [Line Items] | |
Percentage ownership interest | 30.00% |
Upstream [Member] | Golden Pass Pipeline LLC | |
Schedule of Equity Method Investments [Line Items] | |
Percentage ownership interest | 30.00% |
Upstream [Member] | Marine Well Containment Company LLC | |
Schedule of Equity Method Investments [Line Items] | |
Percentage ownership interest | 10.00% |
Upstream [Member] | Mozambique Rovuma Venture, S.p.A. | |
Schedule of Equity Method Investments [Line Items] | |
Percentage ownership interest | 36.00% |
Upstream [Member] | Nederlandse Aardolie Maatschappij B.V. | |
Schedule of Equity Method Investments [Line Items] | |
Percentage ownership interest | 50.00% |
Upstream [Member] | Papua New Guinea Liquefied Natural Gas Global Company LDC | |
Schedule of Equity Method Investments [Line Items] | |
Percentage ownership interest | 33.00% |
Upstream [Member] | Permian Highway Pipeline LLC | |
Schedule of Equity Method Investments [Line Items] | |
Percentage ownership interest | 20.00% |
Upstream [Member] | Qatar Liquefied Gas Company Limited | |
Schedule of Equity Method Investments [Line Items] | |
Percentage ownership interest | 10.00% |
Upstream [Member] | Qatar Liquefied Gas Company Limited (2) | |
Schedule of Equity Method Investments [Line Items] | |
Percentage ownership interest | 24.00% |
Upstream [Member] | Ras Laffan Liquefied Natural Gas Company Limited | |
Schedule of Equity Method Investments [Line Items] | |
Percentage ownership interest | 25.00% |
Upstream [Member] | Ras Laffan Liquefied Natural Gas Company Limited (II) | |
Schedule of Equity Method Investments [Line Items] | |
Percentage ownership interest | 31.00% |
Upstream [Member] | Ras Laffan Liquefied Natural Gas Company Limited (3) | |
Schedule of Equity Method Investments [Line Items] | |
Percentage ownership interest | 30.00% |
Upstream [Member] | South Hook LNG Terminal Company Limited | |
Schedule of Equity Method Investments [Line Items] | |
Percentage ownership interest | 24.00% |
Upstream [Member] | Tengizchevroil, LLP | |
Schedule of Equity Method Investments [Line Items] | |
Percentage ownership interest | 25.00% |
Upstream [Member] | Terminale GNL Adriatico S.r.l. | |
Schedule of Equity Method Investments [Line Items] | |
Percentage ownership interest | 71.00% |
Downstream [Member] | Alberta Products Pipe Line Ltd. | |
Schedule of Equity Method Investments [Line Items] | |
Percentage ownership interest | 45.00% |
Downstream [Member] | Fujian Refining & Petrochemical Co. Ltd. | |
Schedule of Equity Method Investments [Line Items] | |
Percentage ownership interest | 25.00% |
Downstream [Member] | Permian Express Partners LLC | |
Schedule of Equity Method Investments [Line Items] | |
Percentage ownership interest | 12.00% |
Downstream [Member] | Saudi Aramco Mobil Refinery Company Ltd. | |
Schedule of Equity Method Investments [Line Items] | |
Percentage ownership interest | 50.00% |
Chemical [Member] | Al-Jubail Petrochemical Company | |
Schedule of Equity Method Investments [Line Items] | |
Percentage ownership interest | 50.00% |
Chemical [Member] | Gulf Coast Growth Ventures LLC | |
Schedule of Equity Method Investments [Line Items] | |
Percentage ownership interest | 50.00% |
Chemical [Member] | Saudi Yanbu Petrochemical Co. | |
Schedule of Equity Method Investments [Line Items] | |
Percentage ownership interest | 50.00% |
Investments, Advances And Lon_3
Investments, Advances And Long-Term Receivables (Details) - USD ($) $ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Long-term Investments and Receivables, Net [Abstract] | |||
Investments | $ 31,225 | $ 29,772 | $ 29,291 |
Advances, net of allowances of $34 million and $31 million | 8,326 | 8,812 | |
Total equity method company investments and advances | 39,551 | 38,584 | |
Equity securities carried at fair value and other investments at adjusted cost basis | 138 | 143 | |
Long-term receivables and miscellaneous, net of reserves of $5,974 million and $6,115 million | 5,506 | 4,788 | |
Total | 45,195 | 43,515 | |
Advances, allowances | 34 | 31 | |
Reserves for long-term receivables and miscellaneous investments | $ 5,974 | $ 6,115 |
Property, Plant And Equipment_3
Property, Plant And Equipment And Asset Retirement Obligations (Narrative) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Property, Plant and Equipment [Line Items] | |||
Asset impairment charges, before-tax | $ 1,200 | $ 100 | |
Accumulated depreciation and depletion | 278,510 | $ 277,769 | |
Long-term asset retirement obligations | 9,985 | 10,558 | |
Asset retirement obligations estimated cash payments in 2022 | 645 | ||
Asset retirement obligations estimated cash payments in 2023 | $ 648 | ||
Upstream [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Oil and gas properties impairment charges, before-tax | 24,400 | ||
Other asset impairment charges, before-tax | 900 | ||
Downstream [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Other asset impairment charges, before-tax | 500 | ||
Chemical [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Other asset impairment charges, before-tax | $ 100 |
Property, Plant And Equipment_4
Property, Plant And Equipment And Asset Retirement Obligations (Property, Plant And Equipment) (Details) - USD ($) $ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, cost | $ 495,062 | $ 505,322 | |
Property, plant and equipment, net | 216,552 | 227,553 | $ 253,018 |
Upstream [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, cost | 375,813 | 386,614 | |
Property, plant and equipment, net | 156,951 | 167,472 | |
Downstream [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, cost | 57,947 | 57,922 | |
Property, plant and equipment, net | 27,417 | 27,716 | |
Chemical [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, cost | 43,288 | 42,868 | |
Property, plant and equipment, net | 21,793 | 21,924 | |
Other [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, cost | 18,014 | 17,918 | |
Property, plant and equipment, net | $ 10,391 | $ 10,441 |
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, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Asset Retirement Obligation, Roll Forward Analysis [Roll Forward] | |||
Balance at January 1 | $ 11,247 | $ 11,280 | $ 12,103 |
Accretion expense and other provisions | 548 | 584 | 649 |
Reduction due to property sales | (1,002) | (77) | (1,085) |
Payments made | (444) | (669) | (827) |
Liabilities incurred | 42 | 26 | 89 |
Foreign currency translation | (147) | 239 | 84 |
Revisions | 386 | (136) | 267 |
Balance at December 31 | $ 10,630 | $ 11,247 | $ 11,280 |
Accounting For Suspended Expl_3
Accounting For Suspended Exploratory Well Costs (Narrative) (Details) $ in Millions | Dec. 31, 2021USD ($)Projects | Dec. 31, 2020USD ($)Projects | Dec. 31, 2019USD ($)Projects | Dec. 31, 2018USD ($) |
Exploratory Wells Drilled [Line Items] | ||||
Number of projects that have exploratory well costs capitalized for a period greater than one year | 30 | 34 | 46 | |
Number of projects that have drilling in the preceding twelve months or exploratory activity planned in the next two years as of December 31, 2021 | 13 | |||
Number of projects with completed exploratory activity progressing toward development as of December 31, 2021 | 17 | |||
Capitalized exploratory well costs | $ | $ 4,120 | $ 4,382 | $ 4,613 | $ 4,160 |
17 Projects [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | $ | $ 2,874 |
Accounting For Suspended Expl_4
Accounting For Suspended Exploratory Well Costs (Change In Capitalized Suspended Exploratory Well Costs) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Capitalized Exploratory Well Costs [Abstract] | |||
Balance beginning at January 1 | $ 4,382 | $ 4,613 | $ 4,160 |
Additions pending the determination of proved reserves | 420 | 208 | 532 |
Charged to expense | (325) | (318) | (46) |
Reclassifications to wells, facilities and equipment based on the determination of proved reserves | (328) | (174) | (37) |
Divestments/Other | (29) | 53 | 4 |
Ending balance at December 31 | 4,120 | 4,382 | 4,613 |
Ending balance attributed to equity companies included above | $ 306 | $ 306 | $ 306 |
Accounting For Suspended Expl_5
Accounting For Suspended Exploratory Well Costs (Schedule Of Period End Capitalized Suspended Exploratory Well Costs) (Details) - USD ($) $ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 |
Exploratory Well Costs Capitalized for More than One Year [Line Items] | ||||
Capitalized for a period of one year or less | $ 420 | $ 208 | $ 532 | |
Capitalized for a period greater than one year - subtotal | 3,700 | 4,174 | 4,081 | |
Capitalized suspended exploratory well costs, total | 4,120 | 4,382 | 4,613 | $ 4,160 |
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 | 1,642 | 1,828 | 2,206 | |
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 | 1,657 | 1,932 | 1,411 | |
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 | $ 401 | $ 414 | $ 464 |
Accounting For Suspended Expl_6
Accounting For Suspended Exploratory Well Costs (Schedule Of Number Of Projects With Suspended Exploratory Well Costs) (Details) - Projects | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Capitalized Exploratory Well Costs [Abstract] | |||
Number of projects that only have exploratory well costs capitalized for a period of one year or less | 4 | 3 | 4 |
Number of projects that have exploratory well costs capitalized for a period greater than one year | 30 | 34 | 46 |
Total | 34 | 37 | 50 |
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, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Dec. 31, 2018 | |
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | $ 4,120 | $ 4,382 | $ 4,613 | $ 4,160 |
17 Projects [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 2,874 | |||
Argentina [Member] | Project in Argentina - La Invernada [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | $ 72 | |||
Argentina [Member] | Minimum [Member] | Project in Argentina - La Invernada [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled / acquired | 2014 | |||
Argentina [Member] | Maximum [Member] | Project in Argentina - La Invernada [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled / acquired | 2014 | |||
Australia [Member] | Project in Australia - Gorgon Area Ullage [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | $ 327 | |||
Australia [Member] | Minimum [Member] | Project in Australia - Gorgon Area Ullage [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled / acquired | 1994 | |||
Australia [Member] | Maximum [Member] | Project in Australia - Gorgon Area Ullage [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled / acquired | 2015 | |||
Canada [Member] | Project in Canada - Hibernia North [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | $ 26 | |||
Canada [Member] | Minimum [Member] | Project in Canada - Hibernia North [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled / acquired | 2019 | |||
Canada [Member] | Maximum [Member] | Project in Canada - Hibernia North [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled / acquired | 2019 | |||
Guyana [Member] | Project in Guyana - Yellowtail [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | $ 138 | |||
Guyana [Member] | Minimum [Member] | Project in Guyana - Yellowtail [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled / acquired | 2019 | |||
Guyana [Member] | Maximum [Member] | Project in Guyana - Yellowtail [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled / acquired | 2020 | |||
Kazakhstan [Member] | Project in Kazakhstan - Kairan [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | $ 53 | |||
Kazakhstan [Member] | Minimum [Member] | Project in Kazakhstan - Kairan [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled / acquired | 2004 | |||
Kazakhstan [Member] | Maximum [Member] | Project in Kazakhstan - Kairan [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled / acquired | 2007 | |||
Mozambique [Member] | Project in Mozambique - Rovuma LNG Future Non-Straddling Train [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | $ 120 | |||
Mozambique [Member] | Project in Mozambique - Rovuma LNG Phase 1 [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 150 | |||
Mozambique [Member] | Project in Mozambique - Rovuma LNG Unitized Trains [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | $ 35 | |||
Mozambique [Member] | Minimum [Member] | Project in Mozambique - Rovuma LNG Future Non-Straddling Train [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled / acquired | 2017 | |||
Mozambique [Member] | Minimum [Member] | Project in Mozambique - Rovuma LNG Phase 1 [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled / acquired | 2017 | |||
Mozambique [Member] | Minimum [Member] | Project in Mozambique - Rovuma LNG Unitized Trains [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled / acquired | 2017 | |||
Mozambique [Member] | Maximum [Member] | Project in Mozambique - Rovuma LNG Future Non-Straddling Train [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled / acquired | 2017 | |||
Mozambique [Member] | Maximum [Member] | Project in Mozambique - Rovuma LNG Phase 1 [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled / acquired | 2017 | |||
Mozambique [Member] | Maximum [Member] | Project in Mozambique - Rovuma LNG Unitized Trains [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled / acquired | 2017 | |||
Nigeria [Member] | Project in Nigeria - Bonga North [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | $ 34 | |||
Nigeria [Member] | Project in Nigeria - Bonga SW [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 3 | |||
Nigeria [Member] | Project in Nigeria - Pegi [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | $ 32 | |||
Nigeria [Member] | Minimum [Member] | Project in Nigeria - Bonga North [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled / acquired | 2004 | |||
Nigeria [Member] | Minimum [Member] | Project in Nigeria - Bonga SW [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled / acquired | 2001 | |||
Nigeria [Member] | Minimum [Member] | Project in Nigeria - Pegi [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled / acquired | 2009 | |||
Nigeria [Member] | Maximum [Member] | Project in Nigeria - Bonga North [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled / acquired | 2009 | |||
Nigeria [Member] | Maximum [Member] | Project in Nigeria - Bonga SW [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled / acquired | 2001 | |||
Nigeria [Member] | Maximum [Member] | Project in Nigeria - Pegi [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled / acquired | 2009 | |||
Papua New Guinea [Member] | Project In Papua New Guinea - Muruk [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | $ 165 | |||
Papua New Guinea [Member] | Project in Papua New Guinea - Papua LNG [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | 246 | |||
Papua New Guinea [Member] | Project in Papua New Guinea - P'nyang [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | $ 116 | |||
Papua New Guinea [Member] | Minimum [Member] | Project In Papua New Guinea - Muruk [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled / acquired | 2017 | |||
Papua New Guinea [Member] | Minimum [Member] | Project in Papua New Guinea - Papua LNG [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled / acquired | 2017 | |||
Papua New Guinea [Member] | Minimum [Member] | Project in Papua New Guinea - P'nyang [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled / acquired | 2012 | |||
Papua New Guinea [Member] | Maximum [Member] | Project In Papua New Guinea - Muruk [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled / acquired | 2019 | |||
Papua New Guinea [Member] | Maximum [Member] | Project in Papua New Guinea - Papua LNG [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled / acquired | 2017 | |||
Papua New Guinea [Member] | Maximum [Member] | Project in Papua New Guinea - P'nyang [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled / acquired | 2018 | |||
Romania [Member] | Project in Romania - Neptun Deep [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | $ 536 | |||
Romania [Member] | Minimum [Member] | Project in Romania - Neptun Deep [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled / acquired | 2012 | |||
Romania [Member] | Maximum [Member] | Project in Romania - Neptun Deep [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled / acquired | 2016 | |||
Tanzania [Member] | Project in Tanzania - Tanzania Block 2 [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | $ 525 | |||
Tanzania [Member] | Minimum [Member] | Project in Tanzania - Tanzania Block 2 [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled / acquired | 2012 | |||
Tanzania [Member] | Maximum [Member] | Project in Tanzania - Tanzania Block 2 [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled / acquired | 2015 | |||
Vietnam [Member] | Project in Vietnam - Blue Whale [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Capitalized exploratory well costs | $ 296 | |||
Vietnam [Member] | Minimum [Member] | Project in Vietnam - Blue Whale [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled / acquired | 2011 | |||
Vietnam [Member] | Maximum [Member] | Project in Vietnam - Blue Whale [Member] | ||||
Exploratory Wells Drilled [Line Items] | ||||
Years wells drilled / acquired | 2015 |
Leases (Narrative) (Details)
Leases (Narrative) (Details) $ in Millions | 12 Months Ended |
Dec. 31, 2021USD ($) | |
Lessee Lease Description [Line Items] | |
Estimated 2022 cash payments for operating and finance leases not yet commenced | $ 310 |
Estimated 2023 cash payments for operating and finance leases not yet commenced | 415 |
Operating Lease [Member] | |
Lessee Lease Description [Line Items] | |
Additional undiscounted commitments for leases not yet commenced | 962 |
Finance Lease [Member] | |
Lessee Lease Description [Line Items] | |
Additional undiscounted commitments for leases not yet commenced | $ 4,960 |
Leases (Lease Cost) (Details)
Leases (Lease Cost) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Operating Lease [Member] | |||
Operating Leased Assets [Line Items] | |||
Operating lease cost | $ 1,542 | $ 1,553 | $ 1,434 |
Short-term and other (net of sublease rental income) | 1,351 | 1,613 | 2,042 |
Total | 2,893 | 3,166 | 3,476 |
Finance Lease [Member] | |||
Operating Leased Assets [Line Items] | |||
Amortization of right of use assets | 133 | 143 | 121 |
Interest on lease liabilities | 158 | 169 | 133 |
Total | 291 | 312 | 254 |
Drilling Rigs and Related Equipment [Member] | |||
Operating Leased Assets [Line Items] | |||
Total | $ 681 | $ 827 | $ 1,164 |
Leases (Right of Use) (Details)
Leases (Right of Use) (Details) - USD ($) $ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Operating Lease [Member] | ||
Lessee Lease Description [Line Items] | ||
Operating lease right of use asset | $ 6,082 | $ 6,078 |
Total operating lease liability | $ 5,190 | $ 5,162 |
Operating lease weighted average remaining lease term - years | 10 years | 11 years |
Operating lease weighted average discount rate - percent | 2.30% | 2.90% |
Operating Lease [Member] | Other Assets [Member] | ||
Lessee Lease Description [Line Items] | ||
Operating lease right of use asset | $ 6,082 | $ 6,078 |
Operating Lease [Member] | Accounts Payable And Accrued Liabilities [Member] | ||
Lessee Lease Description [Line Items] | ||
Operating lease liability - current included in Accounts payable and accrued liabilities | 1,367 | 1,168 |
Operating Lease [Member] | Other Long-Term Obligations [Member] | ||
Lessee Lease Description [Line Items] | ||
Operating lease liability - noncurrent included in Other long-term obligations | 3,823 | 3,994 |
Drilling Rigs and Related Equipment [Member] | ||
Lessee Lease Description [Line Items] | ||
Total operating lease liability | 935 | 832 |
Finance Lease [Member] | ||
Lessee Lease Description [Line Items] | ||
Finance lease right of use asset | 2,412 | 2,188 |
Total finance lease liability | $ 2,007 | $ 1,921 |
Finance lease weighted average remaining lease term - years | 20 years | 20 years |
Finance lease weighted average discount rate - percent | 7.70% | 8.90% |
Finance Lease [Member] | Property, Plant And Equipment [Member] | ||
Lessee Lease Description [Line Items] | ||
Finance lease right of use asset | $ 2,412 | $ 2,188 |
Finance Lease [Member] | Accounts Payable And Accrued Liabilities [Member] | ||
Lessee Lease Description [Line Items] | ||
Finance lease liability - current | 4 | 4 |
Finance Lease [Member] | Notes And Loans Payable [Member] | ||
Lessee Lease Description [Line Items] | ||
Finance lease liability - current | 111 | 102 |
Finance Lease [Member] | Long-Term Debt [Member] | ||
Lessee Lease Description [Line Items] | ||
Finance lease liability - noncurrent | 1,761 | 1,680 |
Finance Lease [Member] | Long-Term Obligations To Equity Companies [Member] | ||
Lessee Lease Description [Line Items] | ||
Finance lease liability - noncurrent | $ 131 | $ 135 |
Leases (Maturity Schedule) (Det
Leases (Maturity Schedule) (Details) - USD ($) $ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Operating Lease [Member] | ||
Lessee Lease Description [Line Items] | ||
Operating lease - 2022 | $ 1,456 | |
Operating lease - 2023 | 1,141 | |
Operating lease - 2024 | 574 | |
Operating lease - 2025 | 437 | |
Operating lease - 2026 | 384 | |
Operating lease - 2027 and beyond | 1,978 | |
Total operating lease payments | 5,970 | |
Operating lease - discount to present value | (780) | |
Total operating lease liability | 5,190 | $ 5,162 |
Drilling Rigs and Related Equipment [Member] | ||
Lessee Lease Description [Line Items] | ||
Total operating lease liability | 935 | 832 |
Finance Lease [Member] | ||
Lessee Lease Description [Line Items] | ||
Finance lease - 2022 | 262 | |
Finance lease - 2023 | 256 | |
Finance lease - 2024 | 253 | |
Finance lease - 2025 | 246 | |
Finance lease - 2026 | 382 | |
Finance lease - 2027 and beyond | 2,111 | |
Total finance lease payments | 3,510 | |
Finance lease - discount to present value | (1,503) | |
Total finance lease liability | $ 2,007 | $ 1,921 |
Leases (Other Information) (Det
Leases (Other Information) (Details) - USD ($) $ in Millions | 12 Months Ended | |||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | Jan. 01, 2019 | |
Operating Lease [Member] | ||||
Lessee Lease Description [Line Items] | ||||
Cash flows from operating activities - operating leases | $ 1,135 | $ 1,159 | $ 1,116 | |
Cash flow from investing activities | 291 | 283 | 258 | |
For January 1 adoption of ASC 842 | $ 3,263 | |||
Operating right-of-use assets obtained in exchange for new lease liabilities | 1,405 | 735 | 3,663 | |
Finance Lease Paid To Equity Company [Member] | ||||
Lessee Lease Description [Line Items] | ||||
Cash flows from operating activities - finance leases | 20 | 31 | 54 | |
Finance Lease Paid To Third Parties [Member] | ||||
Lessee Lease Description [Line Items] | ||||
Cash flow from financing activities | 110 | 94 | 177 | |
Finance right-of-use assets obtained in exchange for new lease liabilities | $ 200 | $ 108 | $ 422 |
Earnings Per Share (Details)
Earnings Per Share (Details) - USD ($) $ / shares in Units, shares in Millions, $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Earnings per common share | |||
Net income (loss) attributable to ExxonMobil | $ 23,040 | $ (22,440) | $ 14,340 |
Weighted average number of common shares outstanding (in shares) | 4,275 | 4,271 | 4,270 |
Earnings (loss) per common share (in dollars per share) | $ 5.39 | $ (5.25) | $ 3.36 |
Dividends paid per common share (in dollars per share) | $ 3.49 | $ 3.48 | $ 3.43 |
Financial Instruments And Der_3
Financial Instruments And Derivatives (Narrative) (Details) - USD ($) $ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Financial Instruments And Derivatives [Abstract] | ||
Initial margin collateral receivable | $ 641 | $ 504 |
Financial Instruments And Der_4
Financial Instruments And Derivatives - Financial Instruments (Details) - USD ($) $ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Total Gross Assets & Liabilities [Domain] | ||
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] | ||
Derivative assets | $ 2,945 | $ 1,441 |
Advances to/receivables from equity companies | 8,449 | 9,179 |
Other long-term financial assets | 2,192 | 2,179 |
Derivative liabilities | 4,295 | 1,697 |
Long-term debt | 44,545 | 50,392 |
Long-term obligations to equity companies | 3,084 | 3,530 |
Other long-term financial liabilities | 902 | 964 |
Effect Of Counterparty Netting [Member] | ||
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] | ||
Derivative assets | (1,930) | (1,282) |
Derivative liabilities | (1,930) | (1,282) |
Effect Of Collateral Netting [Member] | ||
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] | ||
Derivative assets | (28) | (6) |
Derivative liabilities | (306) | (202) |
Difference In Carrying Value And Fair Value [Member] | ||
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] | ||
Advances to/receivables from equity companies | (123) | (367) |
Other long-term financial assets | 181 | 125 |
Long-term debt | (2,878) | (4,890) |
Long-term obligations to equity companies | (227) | (277) |
Other long-term financial liabilities | 58 | 44 |
Net Carrying Value [Member] | ||
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] | ||
Derivative assets | 987 | 153 |
Advances to/receivables from equity companies | 8,326 | 8,812 |
Other long-term financial assets | 2,373 | 2,304 |
Derivative liabilities | 2,059 | 213 |
Long-term debt | 41,667 | 45,502 |
Long-term obligations to equity companies | 2,857 | 3,253 |
Other long-term financial liabilities | 960 | 1,008 |
Level 1 [Member] | ||
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] | ||
Derivative assets | 1,422 | 1,247 |
Other long-term financial assets | 1,134 | 1,235 |
Derivative liabilities | 1,701 | 1,443 |
Long-term debt | 44,454 | 50,263 |
Level 2 [Member] | ||
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] | ||
Derivative assets | 1,523 | 194 |
Advances to/receivables from equity companies | 3,076 | 3,275 |
Derivative liabilities | 2,594 | 254 |
Long-term debt | 88 | 125 |
Level 3 [Member] | ||
Fair Value Balance Sheet Grouping Financial Statement Captions [Line Items] | ||
Advances to/receivables from equity companies | 5,373 | 5,904 |
Other long-term financial assets | 1,058 | 944 |
Long-term debt | 3 | 4 |
Long-term obligations to equity companies | 3,084 | 3,530 |
Other long-term financial liabilities | $ 902 | $ 964 |
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, 2021MMBTUbbl | Dec. 31, 2020MMBTUbbl | |
Crude Oil [Member] | Long [Member] | ||
Net notional long / short position of derivative instruments bbl | 82 | 40 |
Petroleum Products [Member] | Short [Member] | ||
Net notional long / short position of derivative instruments bbl | 48 | 46 |
Natural Gas [Member] | Short [Member] | ||
Net notional long / short position of derivative instruments MMBtus | MMBTU | 115 | 500 |
Financial Instruments and Der_6
Financial Instruments and Derivatives - Derivative Instruments (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Realized and Unrealized Before-Tax Gain / Loss on Derivative Instruments Recognized in the Consolidated Statement of Income | |||
Sales and other operating revenue | $ 276,692 | $ 178,574 | $ 255,583 |
Crude oil and product purchases | (155,164) | (94,007) | (143,801) |
Not Designated As Hedging Instrument, Trading [Member] | |||
Realized and Unrealized Before-Tax Gain / Loss on Derivative Instruments Recognized in the Consolidated Statement of Income | |||
Sales and other operating revenue | (3,818) | 404 | (412) |
Crude oil and product purchases | 48 | (407) | 179 |
Total | $ (3,770) | $ (3) | $ (233) |
Long-Term Debt (Narrative) (Det
Long-Term Debt (Narrative) (Details) - USD ($) $ in Millions | 12 Months Ended | |
Dec. 31, 2021 | Dec. 17, 2021 | |
Long-term Debt [Line Items] | ||
Long-term debt in U.S. dollars | $ 37,611 | |
U.S. dollar equivalent at year-end exchange rates of amounts payable in foreign currencies | 5,817 | |
Portion of long-term debt included in current liability | 2,392 | |
Long-term debt maturing - 2023 | 4,039 | |
Long-term debt maturing - 2024 | 3,836 | |
Long-term debt maturing - 2025 | 4,597 | |
Long-term debt maturing - 2026 | 3,575 | |
Net investment hedge, European business | $ 5,100 | |
Other U.S. Dollar Obligations [Member] | Exxon Mobil Corporation [Member] | 2.397% Notes Due 2022 [Member] | ||
Long-term Debt [Line Items] | ||
Interest rate | 2.397% | 2.397% |
Long Term Financing [Member] | ||
Long-term Debt [Line Items] | ||
Unused credit lines | $ 600 |
Long-Term Debt (Summarized Long
Long-Term Debt (Summarized Long-Term Debt) (Details) - USD ($) $ in Millions | Dec. 31, 2021 | Dec. 17, 2021 | Dec. 31, 2020 |
Long-term Debt [Line Items] | |||
Debt issuance costs | $ (114) | $ (131) | |
Long-term debt | 43,428 | 47,182 | |
Exxon Mobil Corporation [Member] | |||
Long-term Debt [Line Items] | |||
Debt instrument, unamortized premium | 131 | 148 | |
XTO Energy Inc. [Member] | |||
Long-term Debt [Line Items] | |||
Debt instrument, unamortized premium | 82 | 87 | |
Combined Exxon Mobil And Affiliates [Member] | Other U.S. Dollar Obligations [Member] | |||
Long-term Debt [Line Items] | |||
Other long-term debt | 64 | 78 | |
Combined Exxon Mobil And Affiliates [Member] | Other Foreign Currency Obligations [Member] | |||
Long-term Debt [Line Items] | |||
Other long-term debt | 37 | 61 | |
2.397% Notes Due 2022 [Member] | Exxon Mobil Corporation [Member] | Other U.S. Dollar Obligations [Member] | |||
Long-term Debt [Line Items] | |||
Senior notes, noncurrent | $ 0 | 1,150 | |
Interest rate | 2.397% | 2.397% | |
1.902% Notes Due 2022 [Member] | Exxon Mobil Corporation [Member] | Other U.S. Dollar Obligations [Member] | |||
Long-term Debt [Line Items] | |||
Senior notes, noncurrent | $ 0 | 750 | |
Interest rate | 1.902% | ||
Floating-Rate Notes Due 2022 (Issued 2015) [Member] | Exxon Mobil Corporation [Member] | Other U.S. Dollar Obligations [Member] | |||
Long-term Debt [Line Items] | |||
Senior notes, noncurrent | $ 0 | 500 | |
Floating-Rate Notes Due 2022 (Issued 2019) [Member] | Exxon Mobil Corporation [Member] | Other U.S. Dollar Obligations [Member] | |||
Long-term Debt [Line Items] | |||
Senior notes, noncurrent | 0 | 750 | |
1.571% Notes Due 2023 [Member] | Exxon Mobil Corporation [Member] | Other U.S. Dollar Obligations [Member] | |||
Long-term Debt [Line Items] | |||
Senior notes, noncurrent | $ 2,750 | 2,750 | |
Interest rate | 1.571% | ||
2.726% Notes Due 2023 [Member] | Exxon Mobil Corporation [Member] | Other U.S. Dollar Obligations [Member] | |||
Long-term Debt [Line Items] | |||
Senior notes, noncurrent | $ 1,250 | 1,250 | |
Interest rate | 2.726% | ||
3.176% Notes Due 2024 [Member] | 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 [Member] | 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 [Member] | 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 [Member] | Exxon Mobil Corporation [Member] | Other U.S. Dollar Obligations [Member] | |||
Long-term Debt [Line Items] | |||
Senior notes, noncurrent | $ 2,794 | 2,807 | |
Interest rate | 2.992% | ||
3.043% Notes Due 2026 [Member] | 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 [Member] | 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 [Member] | 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 [Member] | 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 [Member] | 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 [Member] | 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 [Member] | 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 [Member] | Exxon Mobil Corporation [Member] | Other U.S. Dollar Obligations [Member] | |||
Long-term Debt [Line Items] | |||
Senior notes, noncurrent | $ 2,087 | 2,091 | |
Interest rate | 4.227% | ||
3.567% Notes Due 2045 [Member] | 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 [Member] | 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 [Member] | 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 [Member] | 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 [Member] | 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 [Member] | Exxon Mobil Corporation Euro-Denominated [Member] | Other Foreign Currency Obligations [Member] | |||
Long-term Debt [Line Items] | |||
Senior notes, noncurrent | $ 1,698 | 1,841 | |
Interest rate | 0.142% | ||
0.524% Notes Due 2028 [Member] | Exxon Mobil Corporation Euro-Denominated [Member] | Other Foreign Currency Obligations [Member] | |||
Long-term Debt [Line Items] | |||
Senior notes, noncurrent | $ 1,133 | 1,227 | |
Interest rate | 0.524% | ||
0.835% Notes Due 2032 [Member] | Exxon Mobil Corporation Euro-Denominated [Member] | Other Foreign Currency Obligations [Member] | |||
Long-term Debt [Line Items] | |||
Senior notes, noncurrent | $ 1,133 | 1,227 | |
Interest rate | 0.835% | ||
1.408% Notes Due 2039 [Member] | Exxon Mobil Corporation Euro-Denominated [Member] | Other Foreign Currency Obligations [Member] | |||
Long-term Debt [Line Items] | |||
Senior notes, noncurrent | $ 1,133 | 1,227 | |
Interest rate | 1.408% | ||
6.100% Senior Notes Due 2036 [Member] | XTO Energy Inc. [Member] | Senior Notes [Member] | |||
Long-term Debt [Line Items] | |||
Senior notes, noncurrent | $ 191 | 192 | |
Interest rate | 6.10% | ||
6.750% Senior Notes Due 2037 [Member] | XTO Energy Inc. [Member] | Senior Notes [Member] | |||
Long-term Debt [Line Items] | |||
Senior notes, noncurrent | $ 291 | 294 | |
Interest rate | 6.75% | ||
6.375% Senior Notes Due 2038 [Member] | XTO Energy Inc. [Member] | Senior Notes [Member] | |||
Long-term Debt [Line Items] | |||
Senior notes, noncurrent | $ 226 | 227 | |
Interest rate | 6.375% | ||
Industrial Revenue Bonds Due 2022-2051 [Member] | Combined Exxon Mobil And Affiliates [Member] | |||
Long-term Debt [Line Items] | |||
Other long-term debt | $ 2,244 | 2,461 | |
Average effective interest rate | 0.028% | ||
Finance Lease Obligations [Member] | Combined Exxon Mobil And Affiliates [Member] | |||
Long-term Debt [Line Items] | |||
Finance lease obligations | $ 1,761 | $ 1,680 | |
Average effective interest rate | 7.438% |
Incentive Program (Narrative) (
Incentive Program (Narrative) (Details) - USD ($) shares in Thousands, $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Minimum ownership of affiliates needed for awards | 50.00% | ||
Options and stock appreciation rights grant, minimum percentage of market value, date of grant | 100.00% | ||
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 | 66,000 | ||
Restricted Stock [Member] | |||
Long-term incentive awards (in shares) | 8,133 | 8,681 | 8,936 |
Percent of the shares in each award vesting after three years | 50.00% | ||
Percent of shares in each award vesting after five years | 50.00% | ||
Percent of the shares in each award vesting after seven years | 50.00% | ||
Percent of shares in each award vesting in later of ten years or retirement | 50.00% | ||
Unrecognized compensation cost | $ 1,268 | ||
Unrecognized compensation cost, weighted-average period of recognition, years | 4 years 4 months 24 days | ||
Compensation cost charged against income | $ 612 | $ 672 | $ 741 |
Income tax benefit recognized in income | 49 | 51 | 51 |
Fair value of shares/awards vested | 562 | 367 | 647 |
Cash payments, vested restricted stock units | $ 48 | $ 34 | $ 56 |
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, 2021$ / sharesshares | |
Share-based Payment Arrangement [Abstract] | |
Issued and outstanding at January 1, Restricted stock, Shares | shares | 39,585 |
Awards issued in 2021, Shares | shares | 8,753 |
Vested, Shares | shares | (9,142) |
Forfeited, Shares | shares | (274) |
Issued and outstanding at December 31, Restricted stock, Shares | shares | 38,922 |
Issued and outstanding at January 1, Weighted Average Grant-Date Fair Value per Share | $ / shares | $ 80.43 |
Awards issued in 2021, Weighted Average Grant-Date Fair Value per Share | $ / shares | 41.29 |
Vested, Weighted Average Grant-Date Fair Value per Share | $ / shares | 86.16 |
Forfeited, Weighted Average Grant-Date Fair Value per Share | $ / shares | 66.54 |
Issued and outstanding at December 31, Weighted Average Grant-Date Fair Value per Share | $ / shares | $ 70.38 |
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, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Share Based Compensation Arrangement By Share Based Payment Award [Line Items] | |||
Grant price, per share | $ 62.76 | $ 41.15 | $ 68.77 |
Units settled in stock | $ 461 | $ 325 | $ 559 |
Units settled in cash | 49 | 32 | 55 |
Total value | $ 510 | $ 357 | $ 614 |
Litigation And Other Continge_3
Litigation And Other Contingencies (Schedule Of Guarantees) (Details) $ in Millions | Dec. 31, 2021USD ($) |
Loss Contingencies [Line Items] | |
Guarantees | $ 8,522 |
Equity Company Obligations [Member] | |
Loss Contingencies [Line Items] | |
Guarantees | 1,884 |
Other Third-Party Obligations [Member] | |
Loss Contingencies [Line Items] | |
Guarantees | 6,638 |
Debt-Related Guarantees [Member] | |
Loss Contingencies [Line Items] | |
Guarantees | 1,249 |
Debt-Related Guarantees [Member] | Equity Company Obligations [Member] | |
Loss Contingencies [Line Items] | |
Guarantees | 1,109 |
Debt-Related Guarantees [Member] | Other Third-Party Obligations [Member] | |
Loss Contingencies [Line Items] | |
Guarantees | 140 |
Other Guarantees [Member] | |
Loss Contingencies [Line Items] | |
Guarantees | 7,273 |
Other Guarantees [Member] | Equity Company Obligations [Member] | |
Loss Contingencies [Line Items] | |
Guarantees | 775 |
Other Guarantees [Member] | Other Third-Party Obligations [Member] | |
Loss Contingencies [Line Items] | |
Guarantees | $ 6,498 |
Pension And Other Postretirem_3
Pension And Other Postretirement Benefits (Narrative) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Defined Benefit Plan Disclosure [Line Items] | |||
Health care cost trend rate | 4.00% | ||
Year that rate reaches ultimate trend rate | 2023 | ||
Costs for defined contribution plans | $ 177 | $ 358 | $ 422 |
U.S. [Member] | Equity Securities [Member] | Maximum [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Target asset allocation | 30.00% | ||
U.S. [Member] | Equity Securities [Member] | Minimum [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Target asset allocation | 10.00% | ||
U.S. [Member] | Venture Capital Funds [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Target asset allocation | 5.00% | ||
Pension Benefits - Non-U.S. [Member] | Equity Securities [Member] | Maximum [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Target asset allocation | 30.00% | ||
Pension Benefits - Non-U.S. [Member] | Equity Securities [Member] | Minimum [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Target asset allocation | 10.00% | ||
Pension Benefits - Non-U.S. [Member] | Venture Capital Funds [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Target asset allocation | 5.00% |
Pension And Other Postretirem_4
Pension And Other Postretirement Benefits (Benefit Obligations And Plan Assets Associated With Principal Benefit Plans) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Change in benefit obligation | |||
Medicare subsidy receipts | $ 9 | $ 16 | |
U.S. [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Discount rate | 3.00% | 2.80% | |
Long-term rate of compensation increase | 4.50% | 5.50% | |
Change in benefit obligation | |||
Benefit obligation at January 1 | $ 21,662 | $ 20,959 | |
Service cost | 919 | 965 | $ 757 |
Interest cost | 558 | 708 | 766 |
Actuarial loss/(gain) | (747) | 1,287 | |
Benefits paid | (3,810) | (1,987) | |
Amendments, divestments and other | (71) | (270) | |
Benefit obligation at December 31 | 18,511 | 21,662 | 20,959 |
Accumulated benefit obligation at December 31 | $ 15,781 | $ 17,502 | |
Pension Benefits - Non-U.S. [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Discount rate | 2.20% | 1.60% | |
Long-term rate of compensation increase | 4.20% | 4.20% | |
Change in benefit obligation | |||
Benefit obligation at January 1 | $ 33,626 | $ 29,918 | |
Service cost | 774 | 707 | 551 |
Interest cost | 526 | 657 | 763 |
Actuarial loss/(gain) | (2,803) | 2,344 | |
Benefits paid | (1,550) | (1,317) | |
Foreign exchange rate changes | (1,162) | 1,375 | |
Amendments, divestments and other | 81 | (58) | |
Benefit obligation at December 31 | 29,492 | 33,626 | 29,918 |
Accumulated benefit obligation at December 31 | $ 27,373 | $ 30,952 | |
Other Postretirement Benefits [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Discount rate | 3.10% | 2.80% | |
Long-term rate of compensation increase | 4.50% | 5.50% | |
Change in benefit obligation | |||
Benefit obligation at January 1 | $ 8,135 | $ 8,113 | |
Service cost | 188 | 181 | 139 |
Interest cost | 221 | 277 | 315 |
Actuarial loss/(gain) | (881) | (66) | |
Benefits paid | (517) | (510) | |
Foreign exchange rate changes | 3 | 23 | |
Amendments, divestments and other | 116 | 117 | |
Benefit obligation at December 31 | $ 7,265 | $ 8,135 | $ 8,113 |
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, 2021 | Dec. 31, 2020 | |
U.S. [Member] | ||
Change in plan assets | ||
Fair value at January 1 | $ 15,300 | $ 13,636 |
Actual return on plan assets | 479 | 2,269 |
Company contribution | 794 | 1,004 |
Benefits paid | (3,307) | (1,609) |
Fair value at December 31 | 13,266 | 15,300 |
Pension Benefits - Non-U.S. [Member] | ||
Change in plan assets | ||
Fair value at January 1 | 26,216 | 22,916 |
Actual return on plan assets | 571 | 2,795 |
Foreign exchange rate changes | (605) | 1,011 |
Company contribution | 293 | 597 |
Benefits paid | (1,167) | (992) |
Other | (428) | (111) |
Fair value at December 31 | 24,880 | 26,216 |
Other Postretirement Benefits [Member] | ||
Change in plan assets | ||
Fair value at January 1 | 446 | 425 |
Actual return on plan assets | 20 | 42 |
Company contribution | 28 | 37 |
Benefits paid | (54) | (58) |
Fair value at December 31 | $ 440 | $ 446 |
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, 2021 | Dec. 31, 2020 |
U.S. [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Funded plans | $ (3,570) | $ (4,156) |
Unfunded plans | (1,675) | (2,206) |
Total | (5,245) | (6,362) |
Pension Benefits - Non-U.S. [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Funded plans | 554 | (1,223) |
Unfunded plans | (5,166) | (6,187) |
Total | $ (4,612) | $ (7,410) |
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, 2021 | Dec. 31, 2020 |
Defined Benefit Plan Disclosure [Line Items] | ||
Postretirement benefits reserves | $ (18,430) | $ (22,415) |
U.S. [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Balance at December 31 | (5,245) | (6,362) |
Current liabilities | (206) | (377) |
Postretirement benefits reserves | (5,039) | (5,985) |
Total recorded | (5,245) | (6,362) |
Net actuarial loss/(gain) | 1,865 | 3,102 |
Prior service cost | (324) | (275) |
Total recorded in accumulated other comprehensive income | 1,541 | 2,827 |
Pension Benefits - Non-U.S. [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Balance at December 31 | (4,612) | (7,410) |
Other assets | 2,544 | 1,931 |
Current liabilities | (267) | (273) |
Postretirement benefits reserves | (6,889) | (9,068) |
Total recorded | (4,612) | (7,410) |
Net actuarial loss/(gain) | 2,841 | 5,904 |
Prior service cost | 262 | 208 |
Total recorded in accumulated other comprehensive income | 3,103 | 6,112 |
Other Postretirement Benefits [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Balance at December 31 | (6,825) | (7,689) |
Current liabilities | (323) | (327) |
Postretirement benefits reserves | (6,502) | (7,362) |
Total recorded | (6,825) | (7,689) |
Net actuarial loss/(gain) | 197 | 1,164 |
Prior service cost | (232) | (274) |
Total recorded in accumulated other comprehensive income | $ (35) | $ 890 |
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, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Defined Benefit Plan Disclosure [Line Items] | |||
Total recorded in other comprehensive income | $ (5,220) | $ (1,189) | $ 2,041 |
U.S. [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Discount rate | 2.80% | 3.50% | 4.40% |
Long-term rate of return on funded assets | 5.30% | 5.30% | 5.30% |
Long-term rate of compensation increase | 5.50% | 5.75% | 5.75% |
Service cost | $ 919 | $ 965 | $ 757 |
Interest cost | 558 | 708 | 766 |
Expected return on plan assets | (722) | (703) | (568) |
Amortization of actuarial loss/(gain) | 244 | 310 | 305 |
Amortization of prior service cost | (23) | 5 | 5 |
Net pension enhancement and curtailment/settlement cost | 489 | 280 | 164 |
Net periodic benefit cost | 1,465 | 1,565 | 1,429 |
Net actuarial loss/(gain) | (504) | (279) | 609 |
Amortization of actuarial (loss)/gain | (733) | (590) | (469) |
Prior service cost/(credit) | (72) | (271) | 0 |
Amortization of prior service (cost)/credit | 23 | (5) | (5) |
Total recorded in other comprehensive income | (1,286) | (1,145) | 135 |
Total recorded in net periodic benefit cost and other comprehensive income, before tax | $ 179 | $ 420 | $ 1,564 |
Pension Benefits - Non-U.S. [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Discount rate | 1.60% | 2.30% | 3.00% |
Long-term rate of return on funded assets | 4.10% | 4.10% | 4.10% |
Long-term rate of compensation increase | 4.20% | 4.80% | 4.30% |
Service cost | $ 774 | $ 707 | $ 551 |
Interest cost | 526 | 657 | 763 |
Expected return on plan assets | (1,031) | (897) | (777) |
Amortization of actuarial loss/(gain) | 420 | 416 | 306 |
Amortization of prior service cost | 57 | 68 | 56 |
Net pension enhancement and curtailment/settlement cost | 32 | 49 | (98) |
Net periodic benefit cost | 778 | 1,000 | 801 |
Net actuarial loss/(gain) | (2,361) | 446 | 1,268 |
Amortization of actuarial (loss)/gain | (430) | (442) | (208) |
Prior service cost/(credit) | 92 | (82) | 379 |
Amortization of prior service (cost)/credit | (55) | (68) | (56) |
Foreign exchange rate changes | (255) | 236 | 19 |
Total recorded in other comprehensive income | (3,009) | 90 | 1,402 |
Total recorded in net periodic benefit cost and other comprehensive income, before tax | $ (2,231) | $ 1,090 | $ 2,203 |
Other Postretirement Benefits [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Discount rate | 2.80% | 3.50% | 4.40% |
Long-term rate of return on funded assets | 4.60% | 4.60% | 4.60% |
Long-term rate of compensation increase | 5.50% | 5.75% | 5.75% |
Service cost | $ 188 | $ 181 | $ 139 |
Interest cost | 221 | 277 | 315 |
Expected return on plan assets | (19) | (18) | (15) |
Amortization of actuarial loss/(gain) | 76 | 95 | 55 |
Amortization of prior service cost | (42) | (42) | (42) |
Net periodic benefit cost | 424 | 493 | 452 |
Net actuarial loss/(gain) | (891) | (92) | 517 |
Amortization of actuarial (loss)/gain | (76) | (95) | (55) |
Prior service cost/(credit) | 0 | 0 | 0 |
Amortization of prior service (cost)/credit | 42 | 42 | 42 |
Foreign exchange rate changes | 0 | 11 | 0 |
Total recorded in other comprehensive income | (925) | (134) | 504 |
Total recorded in net periodic benefit cost and other comprehensive income, before tax | $ (501) | $ 359 | $ 956 |
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, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Defined Benefit Plan Disclosure [Line Items] | |||
Total (charge)/credit to other comprehensive income, before tax | $ 5,220 | $ 1,189 | $ (2,041) |
(Charge)/credit to income tax (see Note 4) | (1,287) | (153) | 550 |
(Charge)/credit to investment in equity companies | 110 | (110) | (19) |
(Charge)/credit to other comprehensive income including noncontrolling interests, after tax | 4,043 | 926 | (1,510) |
Charge/(credit) to equity of noncontrolling interests | (217) | 30 | 146 |
Exxon Mobil Corporation Share After Noncontrolling Interest [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total change in accumulated other comprehensive income, Postretirement Benefits Reserves Adjustment | 3,826 | 956 | (1,364) |
U.S. [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total (charge)/credit to other comprehensive income, before tax | 1,286 | 1,145 | (135) |
Pension Benefits - Non-U.S. [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total (charge)/credit to other comprehensive income, before tax | 3,009 | (90) | (1,402) |
Other Postretirement Benefits [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Total (charge)/credit to other comprehensive income, before tax | $ 925 | $ 134 | $ (504) |
Pension And Other Postretire_10
Pension And Other Postretirement Benefits (Fair Value Of Benefit Plan Assets) (Details) - USD ($) $ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
U.S. [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of plan assets | $ 13,266 | $ 15,300 | $ 13,636 |
U.S. [Member] | Total At Fair Value [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of plan assets, net asset value | 4,073 | 4,886 | |
Fair value of plan assets | 13,260 | 15,293 | |
U.S. [Member] | U.S. Equity Securities [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of plan assets, net asset value | 1,956 | 2,323 | |
Fair value of plan assets | 1,956 | 2,323 | |
U.S. [Member] | Non-U.S. Equity Securities [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of plan assets, net asset value | 1,290 | 1,703 | |
Fair value of plan assets | 1,290 | 1,703 | |
U.S. [Member] | Private Equity [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of plan assets, net asset value | 661 | 548 | |
Fair value of plan assets | 661 | 548 | |
U.S. [Member] | 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 | 5,243 | 5,147 | |
U.S. [Member] | 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 | 3,947 | 5,263 | |
U.S. [Member] | 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 | |
U.S. [Member] | Cash [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of plan assets, net asset value | 162 | 308 | |
Fair value of plan assets | 162 | 308 | |
U.S. [Member] | Insurance Contracts At Contract Value [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of plan assets | 6 | 7 | |
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 | 9,187 | 10,407 | |
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 | 5,242 | 5,146 | |
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 | 3,945 | 5,261 | |
Pension Benefits - Non-U.S. [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of plan assets | 24,880 | 26,216 | $ 22,916 |
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 | 24,217 | 25,486 | |
Fair value of plan assets | 24,858 | 26,193 | |
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 | 3,416 | 4,177 | |
Fair value of plan assets | 3,416 | 4,177 | |
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 | 2,424 | 3,285 | |
Fair value of plan assets | 2,500 | 3,374 | |
Pension Benefits - Non-U.S. [Member] | Private Equity [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of plan assets, net asset value | 627 | 530 | |
Fair value of plan assets | 627 | 530 | |
Pension Benefits - Non-U.S. [Member] | Corporate Debt Securities [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of plan assets, net asset value | 5,831 | 5,212 | |
Fair value of plan assets | 5,950 | 5,350 | |
Pension Benefits - Non-U.S. [Member] | Government Debt Securities [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of plan assets, net asset value | 11,620 | 11,993 | |
Fair value of plan assets | 11,926 | 12,359 | |
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 | 191 | 239 | |
Fair value of plan assets | 216 | 263 | |
Pension Benefits - Non-U.S. [Member] | Cash [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of plan assets, net asset value | 108 | 50 | |
Fair value of plan assets | 223 | 140 | |
Pension Benefits - Non-U.S. [Member] | Insurance Contracts At Contract Value [Member] | |||
Defined Benefit Plan Disclosure [Line Items] | |||
Fair value of plan assets | 22 | 23 | |
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 | 347 | 408 | |
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 | 76 | 89 | |
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 | 209 | 250 | |
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 | 62 | 69 | |
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 | 294 | 299 | |
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 | 119 | 138 | |
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 | 97 | 116 | |
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 | 25 | 24 | |
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 | $ 53 | $ 21 |
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, 2021 | Dec. 31, 2020 |
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets, net asset value | $ 0 | $ 3 |
Fair value of plan assets | 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 | 91 | 88 |
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 | 45 | 48 |
Corporate Debt Securities [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets | 95 | 103 |
Government Debt Securities [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets | 206 | 204 |
Cash [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets, net asset value | 0 | 3 |
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 | 136 | 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 | 91 | 88 |
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 | 45 | 48 |
Fair Value Inputs Level 2 [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets, fair value hierarchy | 304 | 307 |
Fair Value Inputs Level 2 [Member] | Corporate Debt Securities [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets, fair value hierarchy | 95 | 103 |
Fair Value Inputs Level 2 [Member] | Government Debt Securities [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets, fair value hierarchy | 206 | 204 |
Fair Value Inputs Level 2 [Member] | Cash [Member] | ||
Defined Benefit Plan Disclosure [Line Items] | ||
Fair value of plan assets, fair value hierarchy | $ 3 | $ 0 |
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, 2021 | Dec. 31, 2020 |
Funded Pension Plans [Member] | U.S. [Member] | ||
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets [Abstract] | ||
Accumulated benefit obligation | $ 14,511 | $ 16,129 |
Fair value of plan assets | 13,266 | 15,300 |
Defined Benefit Plan, Pension Plan with Projected Benefit Obligation in Excess of Plan Assets [Abstract] | ||
Projected benefit obligation | 16,836 | 19,456 |
Fair value of plan assets | 13,266 | 15,300 |
Funded Pension Plans [Member] | Pension Benefits - Non-U.S. [Member] | ||
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets [Abstract] | ||
Accumulated benefit obligation | 3,108 | 4,602 |
Fair value of plan assets | 1,711 | 2,652 |
Defined Benefit Plan, Pension Plan with Projected Benefit Obligation in Excess of Plan Assets [Abstract] | ||
Projected benefit obligation | 4,840 | 13,836 |
Fair value of plan assets | 2,849 | 10,681 |
Unfunded Pension Plans [Member] | U.S. [Member] | ||
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets [Abstract] | ||
Accumulated benefit obligation | 1,270 | 1,373 |
Defined Benefit Plan, Pension Plan with Projected Benefit Obligation in Excess of Plan Assets [Abstract] | ||
Projected benefit obligation | 1,675 | 2,206 |
Unfunded Pension Plans [Member] | Pension Benefits - Non-U.S. [Member] | ||
Defined Benefit Plan, Plan with Accumulated Benefit Obligation in Excess of Plan Assets [Abstract] | ||
Accumulated benefit obligation | 4,685 | 5,469 |
Defined Benefit Plan, Pension Plan with Projected Benefit Obligation in Excess of Plan Assets [Abstract] | ||
Projected benefit obligation | $ 5,166 | $ 6,187 |
Pension And Other Postretire_13
Pension And Other Postretirement Benefits (Expected Contribution Pension Benefits And Other Postretirement Benefits) (Details) $ in Millions | Dec. 31, 2021USD ($) |
U.S. [Member] | |
Defined Benefit Plan Disclosure [Line Items] | |
Contributions expected in 2022 | $ 640 |
Benefits payments expected in 2022 | 1,306 |
Benefits payments expected in 2023 | 1,188 |
Benefits payments expected in 2024 | 1,179 |
Benefits payments expected in 2025 | 1,157 |
Benefits payments expected in 2026 | 1,154 |
Benefits payments expected in 2027-2031 | 5,803 |
Pension Benefits - Non-U.S. [Member] | |
Defined Benefit Plan Disclosure [Line Items] | |
Contributions expected in 2022 | 405 |
Benefits payments expected in 2022 | 1,173 |
Benefits payments expected in 2023 | 1,176 |
Benefits payments expected in 2024 | 1,205 |
Benefits payments expected in 2025 | 1,173 |
Benefits payments expected in 2026 | 1,155 |
Benefits payments expected in 2027-2031 | 6,145 |
Gross Other Post Retirement Benefits [Member] | |
Defined Benefit Plan Disclosure [Line Items] | |
Benefits payments expected in 2022 | 423 |
Benefits payments expected in 2023 | 414 |
Benefits payments expected in 2024 | 409 |
Benefits payments expected in 2025 | 405 |
Benefits payments expected in 2026 | 396 |
Benefits payments expected in 2027-2031 | 1,981 |
Other Postretirement Benefits Medicare Subsidy Receipt [Member] | |
Defined Benefit Plan Disclosure [Line Items] | |
Benefits payments expected in 2022 | 21 |
Benefits payments expected in 2023 | 22 |
Benefits payments expected in 2024 | 23 |
Benefits payments expected in 2025 | 24 |
Benefits payments expected in 2026 | 25 |
Benefit payments expected in 2027-2031 | $ 132 |
Disclosures About Segments An_3
Disclosures About Segments And Related Information (Narrative) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Segment Reporting, Measurement Disclosures [Abstract] | |||
Non-debt-related interest expense | $ 103 | $ 148 | $ 105 |
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, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Segment Reporting Information [Line Items] | |||
Earnings (loss) after income tax | $ 23,040 | $ (22,440) | $ 14,340 |
Effect of asset impairments - noncash, after-tax | (20,253) | ||
Earnings of equity companies included above | 6,657 | 1,732 | 5,441 |
Sales and other operating revenue | 276,692 | 178,574 | 255,583 |
Depreciation and depletion expense | 20,607 | 46,009 | 18,998 |
Interest revenue | 33 | 49 | 84 |
Interest expense | 947 | 1,158 | 830 |
Income tax expense (benefit) | 7,636 | (5,632) | 5,282 |
Additions to property, plant and equipment | 12,541 | 17,342 | 24,904 |
Investments in equity companies | 31,225 | 29,772 | 29,291 |
Total assets | 338,923 | 332,750 | 362,597 |
U.S. [Member] | |||
Segment Reporting Information [Line Items] | |||
Sales and other operating revenue | 104,236 | 62,663 | 89,612 |
Income tax expense (benefit) | 1,602 | (6,533) | (469) |
Non-U.S. [Member] | |||
Segment Reporting Information [Line Items] | |||
Sales and other operating revenue | 172,456 | 115,911 | 165,971 |
Income tax expense (benefit) | 6,034 | 901 | 5,751 |
Upstream [Member] | U.S. [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings (loss) after income tax | 3,663 | (19,385) | 536 |
Effect of asset impairments - noncash, after-tax | (17,138) | ||
Earnings of equity companies included above | 288 | (559) | 282 |
Sales and other operating revenue | 8,883 | 5,876 | 9,364 |
Intersegment revenue | 16,692 | 8,508 | 10,893 |
Depreciation and depletion expense | 6,831 | 28,627 | 6,162 |
Interest expense | 58 | 52 | 54 |
Income tax expense (benefit) | 1,116 | (5,958) | (151) |
Additions to property, plant and equipment | 3,308 | 5,726 | 10,404 |
Investments in equity companies | 4,999 | 4,792 | 5,313 |
Total assets | 67,294 | 71,287 | 95,750 |
Upstream [Member] | Non-U.S. [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings (loss) after income tax | 12,112 | (645) | 13,906 |
Effect of asset impairments - noncash, after-tax | (2,287) | ||
Earnings of equity companies included above | 5,535 | 2,101 | 4,534 |
Sales and other operating revenue | 12,914 | 8,673 | 13,779 |
Intersegment revenue | 33,405 | 19,642 | 30,864 |
Depreciation and depletion expense | 9,918 | 12,723 | 9,305 |
Interest expense | 36 | 93 | 34 |
Income tax expense (benefit) | 4,871 | 742 | 5,509 |
Additions to property, plant and equipment | 5,308 | 4,418 | 7,347 |
Investments in equity companies | 18,544 | 18,135 | 17,736 |
Total assets | 141,978 | 144,730 | 151,181 |
Downstream [Member] | U.S. [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings (loss) after income tax | 1,314 | (852) | 1,717 |
Effect of asset impairments - noncash, after-tax | (15) | ||
Earnings of equity companies included above | 122 | 134 | 196 |
Sales and other operating revenue | 80,044 | 48,256 | 70,523 |
Intersegment revenue | 21,622 | 12,258 | 22,416 |
Depreciation and depletion expense | 724 | 716 | 674 |
Interest expense | 1 | 1 | 1 |
Income tax expense (benefit) | 379 | (324) | 465 |
Additions to property, plant and equipment | 997 | 2,983 | 2,685 |
Investments in equity companies | 352 | 352 | 319 |
Total assets | 27,436 | 23,754 | 23,442 |
Downstream [Member] | Non-U.S. [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings (loss) after income tax | 791 | (225) | 606 |
Effect of asset impairments - noncash, after-tax | (609) | ||
Earnings of equity companies included above | 74 | (190) | 19 |
Sales and other operating revenue | 137,963 | 92,640 | 134,460 |
Intersegment revenue | 27,065 | 15,162 | 24,775 |
Depreciation and depletion expense | 1,031 | 1,672 | 832 |
Interest expense | 7 | 21 | 9 |
Income tax expense (benefit) | 160 | 393 | 361 |
Additions to property, plant and equipment | 983 | 1,731 | 1,777 |
Investments in equity companies | 888 | 879 | 1,062 |
Total assets | 39,630 | 34,848 | 37,133 |
Chemical [Member] | U.S. [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings (loss) after income tax | 4,502 | 1,277 | 206 |
Effect of asset impairments - noncash, after-tax | (100) | ||
Earnings of equity companies included above | (139) | (21) | (4) |
Sales and other operating revenue | 15,309 | 8,529 | 9,723 |
Intersegment revenue | 9,639 | 6,099 | 7,864 |
Depreciation and depletion expense | 578 | 685 | 555 |
Income tax expense (benefit) | 1,476 | 440 | 58 |
Additions to property, plant and equipment | 548 | 1,221 | 1,344 |
Investments in equity companies | 3,020 | 2,543 | 1,835 |
Total assets | 19,069 | 17,839 | 16,544 |
Chemical [Member] | Non-U.S. [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings (loss) after income tax | 3,294 | 686 | 386 |
Effect of asset impairments - noncash, after-tax | (69) | ||
Earnings of equity companies included above | 1,131 | 651 | 818 |
Sales and other operating revenue | 21,549 | 14,562 | 17,693 |
Intersegment revenue | 6,047 | 3,881 | 5,905 |
Depreciation and depletion expense | 650 | 694 | 621 |
Interest expense | 1 | 0 | 1 |
Income tax expense (benefit) | 688 | 272 | 305 |
Additions to property, plant and equipment | 739 | 592 | 589 |
Investments in equity companies | 3,759 | 3,514 | 3,335 |
Total assets | 20,653 | 20,220 | 20,376 |
Corporate And Financing [Member] | |||
Segment Reporting Information [Line Items] | |||
Earnings (loss) after income tax | (2,636) | (3,296) | (3,017) |
Effect of asset impairments - noncash, after-tax | (35) | ||
Earnings of equity companies included above | (354) | (384) | (404) |
Sales and other operating revenue | 30 | 38 | 41 |
Intersegment revenue | 227 | 221 | 224 |
Depreciation and depletion expense | 875 | 892 | 849 |
Interest revenue | 33 | 49 | 84 |
Interest expense | 844 | 991 | 731 |
Income tax expense (benefit) | (1,054) | (1,197) | (1,265) |
Additions to property, plant and equipment | 658 | 671 | 758 |
Investments in equity companies | (337) | (443) | (309) |
Total assets | $ 22,863 | $ 20,072 | $ 18,171 |
Disclosures About Segments An_5
Disclosures About Segments And Related Information (Schedule Of Geographic Sales And Other Operating Revenue) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Segment Reporting Revenue Reconciling Item [Line Items] | |||
Sales and other operating revenue | $ 276,692 | $ 178,574 | $ 255,583 |
U.S. [Member] | |||
Segment Reporting Revenue Reconciling Item [Line Items] | |||
Sales and other operating revenue | 104,236 | 62,663 | 89,612 |
Non-U.S. [Member] | |||
Segment Reporting Revenue Reconciling Item [Line Items] | |||
Sales and other operating revenue | 172,456 | 115,911 | 165,971 |
Canada [Member] | |||
Segment Reporting Revenue Reconciling Item [Line Items] | |||
Sales and other operating revenue | 22,166 | 13,093 | 19,735 |
Singapore [Member] | |||
Segment Reporting Revenue Reconciling Item [Line Items] | |||
Sales and other operating revenue | 15,031 | 9,442 | 12,128 |
United Kingdom [Member] | |||
Segment Reporting Revenue Reconciling Item [Line Items] | |||
Sales and other operating revenue | 14,759 | 11,055 | 17,479 |
France [Member] | |||
Segment Reporting Revenue Reconciling Item [Line Items] | |||
Sales and other operating revenue | 13,236 | 8,676 | 12,740 |
Italy [Member] | |||
Segment Reporting Revenue Reconciling Item [Line Items] | |||
Sales and other operating revenue | 10,056 | 7,091 | 10,459 |
Belgium [Member] | |||
Segment Reporting Revenue Reconciling Item [Line Items] | |||
Sales and other operating revenue | 9,153 | 6,231 | 11,644 |
Australia [Member] | |||
Segment Reporting Revenue Reconciling Item [Line Items] | |||
Sales and other operating revenue | $ 7,646 | $ 5,839 | $ 7,941 |
Disclosures About Segments An_6
Disclosures About Segments And Related Information (Schedule Of Long-Lived Assets By Geographic Regions) (Details) - USD ($) $ in Millions | Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 |
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, net | $ 216,552 | $ 227,553 | $ 253,018 |
U.S. [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, net | 90,412 | 94,732 | 114,372 |
Non-U.S. [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, net | 126,140 | 132,821 | 138,646 |
Canada [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, net | 34,907 | 36,232 | 39,130 |
Australia [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, net | 12,988 | 14,792 | 13,933 |
Singapore [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, net | 11,969 | 12,129 | 11,645 |
Kazakhstan [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, net | 8,463 | 8,882 | 9,315 |
Papua New Guinea [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, net | 7,534 | 7,803 | 8,057 |
United Arab Emirates [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, net | 5,392 | 5,381 | 5,262 |
Nigeria [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, net | 5,235 | 6,345 | 7,640 |
Guyana [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, net | 4,892 | 3,547 | 2,542 |
Brazil [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, net | 4,337 | 3,281 | 3,338 |
Russia [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, net | 4,055 | 4,616 | 5,135 |
Angola [Member] | |||
Property, Plant and Equipment [Line Items] | |||
Property, plant and equipment, net | $ 3,207 | $ 4,405 | $ 5,784 |
Income And Other Taxes (Narrati
Income And Other Taxes (Narrative) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Income And Other Taxes [Abstract] | |||
Reconciliation between income tax expense and theoretical U.S. tax rate, statutory rate | 21.00% | 21.00% | 21.00% |
Valuation Allowance [Abstract] | |||
Asset valuation allowances | $ 2,634 | $ 2,731 | |
Valuation allowance change from 2020 to 2021 | $ (97) | ||
Potential percentage increase in unrecognized tax benefits | 10.00% | ||
Potential percentage decrease in unrecognized tax benefits | 70.00% | ||
Interest expense on income tax reserves | $ 0 | (6) | $ 0 |
Interest payable on income tax reserves | 61 | 61 | |
Change in net provisions [Member] | |||
Valuation Allowance [Abstract] | |||
Valuation allowance change from 2020 to 2021 | 41 | ||
Effects of foreign currency translation [Member] | |||
Valuation Allowance [Abstract] | |||
Valuation allowance change from 2020 to 2021 | 137 | ||
Total US and Non US | |||
Income And Other Taxes [Abstract] | |||
Net deferred income tax expense (credits)/charges for tax rate and law changes | $ (53) | (25) | $ (740) |
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, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Income and Other Taxes [Line Items] | |||
Current | $ 7,184 | $ 3,170 | $ 6,050 |
Deferred - net | (44) | (8,052) | (675) |
U.S. tax on non-U.S. operations | 26 | 13 | 89 |
Total federal and non-U.S. | 7,166 | (4,869) | 5,464 |
State | 470 | (763) | (182) |
Total income tax expense (benefit) | 7,636 | (5,632) | 5,282 |
Other taxes and duties | 30,239 | 26,122 | 30,525 |
Other taxes and duties included in production and manufacturing expenses | 2,263 | 1,811 | 2,196 |
Other taxes and duties included in SG&A expenses | 453 | 492 | 465 |
Total other taxes and duties | 32,955 | 28,425 | 33,186 |
Total | 40,591 | 22,793 | 38,468 |
U.S. [Member] | |||
Income and Other Taxes [Line Items] | |||
Current | 236 | 262 | (121) |
Deferred - net | 870 | (6,045) | (255) |
U.S. tax on non-U.S. operations | 26 | 13 | 89 |
Total federal and non-U.S. | 1,132 | (5,770) | (287) |
State | 470 | (763) | (182) |
Total income tax expense (benefit) | 1,602 | (6,533) | (469) |
Other taxes and duties | 3,731 | 3,108 | 3,566 |
Other taxes and duties included in production and manufacturing expenses | 1,589 | 1,148 | 1,385 |
Other taxes and duties included in SG&A expenses | 170 | 164 | 160 |
Total other taxes and duties | 5,490 | 4,420 | 5,111 |
Total | 7,092 | (2,113) | 4,642 |
Non-U.S. [Member] | |||
Income and Other Taxes [Line Items] | |||
Current | 6,948 | 2,908 | 6,171 |
Deferred - net | (914) | (2,007) | (420) |
Total federal and non-U.S. | 6,034 | 901 | 5,751 |
Total income tax expense (benefit) | 6,034 | 901 | 5,751 |
Other taxes and duties | 26,508 | 23,014 | 26,959 |
Other taxes and duties included in production and manufacturing expenses | 674 | 663 | 811 |
Other taxes and duties included in SG&A expenses | 283 | 328 | 305 |
Total other taxes and duties | 27,465 | 24,005 | 28,075 |
Total | $ 33,499 | $ 24,906 | $ 33,826 |
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, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Income And Other Taxes [Abstract] | |||
United States income (loss) before income taxes | $ 9,478 | $ (27,704) | $ (53) |
Non-U.S. income (loss) before income taxes | 21,756 | (1,179) | 20,109 |
Income (loss) before income taxes | 31,234 | (28,883) | 20,056 |
Theoretical tax | 6,559 | (6,065) | 4,212 |
Effect of equity method of accounting | (1,398) | (364) | (1,143) |
Non-U.S. taxes in excess of/(less than) theoretical U.S. tax | 2,809 | 1,606 | 2,573 |
State taxes, net of federal tax benefit | 371 | (603) | (144) |
Other | (705) | (206) | (216) |
Total income tax expense (benefit) | 7,636 | (5,632) | 5,282 |
ExxonMobil share of equity company income taxes | 2,756 | 861 | 2,490 |
Total income tax expense (credit) | 10,392 | (4,771) | 7,772 |
Net income (loss) including noncontrolling interests | 23,598 | (23,251) | 14,774 |
Total income (loss) before taxes | $ 33,990 | $ (28,022) | $ 22,546 |
Effective income tax rate | 31.00% | 17.00% | 34.00% |
Reconciliation between income tax expense and theoretical U.S. tax rate, statutory rate | 21.00% | 21.00% | 21.00% |
U.S. [Member] | |||
Income And Other Taxes [Abstract] | |||
Total income tax expense (benefit) | $ 1,602 | $ (6,533) | $ (469) |
Effective Tax Rate [Line Items] | |||
Deferred tax asset valuation allowances | 115 | ||
Non-U.S. [Member] | |||
Income And Other Taxes [Abstract] | |||
Total income tax expense (benefit) | $ 6,034 | 901 | 5,751 |
Effective Tax Rate [Line Items] | |||
Deferred tax asset valuation allowances | $ 647 | ||
Norway operations and the sale of upstream assets | (773) | ||
Tax rate change in Alberta, Canada | (657) | ||
Adjustment to prior year tax position charge/(benefit) | $ (268) |
Income And Other Taxes (Deferre
Income And Other Taxes (Deferred Income Taxes Assets And Liabilities) (Details) - USD ($) $ in Millions | Dec. 31, 2021 | Dec. 31, 2020 |
Income And Other Taxes [Abstract] | ||
Property, plant and equipment | $ 27,888 | $ 28,778 |
Other liabilities | 6,353 | 6,427 |
Total deferred tax liabilities | 34,241 | 35,205 |
Pension and other postretirement benefits | (3,687) | (4,703) |
Asset retirement obligations | (2,865) | (3,150) |
Tax loss carryforwards | (6,914) | (8,982) |
Other assets | (7,694) | (7,095) |
Total deferred tax assets | (21,160) | (23,930) |
Asset valuation allowances | 2,634 | 2,731 |
Net deferred tax liabilities | $ 15,715 | $ 14,006 |
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, 2021 | Dec. 31, 2020 |
Income And Other Taxes [Abstract] | ||
Other assets, including intangibles, net | $ (4,450) | $ (4,159) |
Deferred income tax liabilities | 20,165 | 18,165 |
Net deferred tax liabilities | $ 15,715 | $ 14,006 |
Income And Other Taxes (Unrecog
Income And Other Taxes (Unrecognized Tax Benefits) (Details) - USD ($) $ in Millions | 12 Months Ended | ||
Dec. 31, 2021 | Dec. 31, 2020 | Dec. 31, 2019 | |
Unrecognized Tax Benefits [Roll Forward] | |||
Balance at January 1 | $ 8,764 | $ 8,844 | $ 9,174 |
Additions based on current year's tax positions | 358 | 253 | 287 |
Additions for prior years' tax positions | 100 | 218 | 120 |
Reductions for prior years' tax positions | (79) | (201) | (97) |
Reductions due to lapse of the statute of limitations | (2) | (237) | (279) |
Settlements with tax authorities | (11) | (113) | (538) |
Foreign exchange effects/other | 0 | 0 | 177 |
Balance at December 31 | $ 9,130 | $ 8,764 | $ 8,844 |
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, 2021 | |
Abu Dhabi [Member] | Earliest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2020 |
Abu Dhabi [Member] | Latest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2021 |
Angola [Member] | Earliest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2018 |
Angola [Member] | Latest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2021 |
Australia [Member] | Earliest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2010 |
Australia [Member] | Latest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2021 |
Belgium [Member] | Earliest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2017 |
Belgium [Member] | Latest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2021 |
Canada [Member] | Earliest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2001 |
Canada [Member] | Latest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2021 |
Equatorial Guinea [Member] | Earliest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2007 |
Equatorial Guinea [Member] | Latest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2021 |
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 | 2021 |
Iraq [Member] | Earliest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2016 |
Iraq [Member] | Latest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2021 |
Malaysia [Member] | Earliest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2017 |
Malaysia [Member] | Latest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2021 |
Nigeria [Member] | Earliest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2006 |
Nigeria [Member] | Latest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2021 |
Papua New Guinea [Member] | Earliest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2008 |
Papua New Guinea [Member] | Latest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2021 |
Russia [Member] | Earliest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2019 |
Russia [Member] | Latest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2021 |
United Kingdom [Member] | Earliest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2015 |
United Kingdom [Member] | Latest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2021 |
United States [Member] | Earliest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2006 |
United States [Member] | Latest Tax Year [Member] | |
Income and Other Taxes [Line Items] | |
Open tax years by major tax jurisdiction | 2021 |