Income Tax
Exxon Mobil Income Tax increased by 75.5% to $2.50B in Q1 2026 compared to the prior quarter. Year-over-year, this metric declined by 30.1%, from $3.57B to $2.50B. Over 4 years (FY 2021 to FY 2025), Income Tax shows an upward trend with a 10.8% CAGR. This is a positive signal — lower values indicate better performance for this metric.
Analysis
How to read this metric
An increase relative to pre-tax income may signal a higher effective tax rate or changes in tax legislation, while a decrease may indicate tax benefits or lower jurisdictional rates.
Detailed definition
Represents the total provision for income taxes recognized by the company during the reporting period, including both cu...
Peer comparison
Highly dependent on the company's geographic footprint and tax planning strategies compared to peers.
income_tax_expenseHistorical Data
| Q2 '21 | Q3 '21 | Q4 '21 | Q1 '22 | Q2 '22 | Q3 '22 | Q4 '22 | Q1 '23 | Q2 '23 | Q3 '23 | Q4 '23 | Q1 '24 | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Value | $1.53B | $2.66B | $2.65B | $2.81B | $6.36B | $5.22B | $5.79B | $4.96B | $3.50B | $4.35B | $2.61B | $3.80B | $4.09B | $4.06B | $1.86B | $3.57B | $3.35B | $3.16B | $1.42B | $2.50B |
| QoQ Change | — | +74.6% | -0.5% | +5.9% | +126.6% | -17.8% | +10.8% | -14.3% | -29.4% | +24.3% | -40.0% | +45.5% | +7.7% | -1.0% | -54.2% | +92.0% | -6.1% | -5.6% | -55.1% | +75.5% |
| YoY Change | — | — | — | — | +316.7% | +96.1% | +118.4% | +76.8% | -44.9% | -16.7% | -54.8% | -23.3% | +16.9% | -6.8% | -28.9% | -6.2% | -18.1% | -22.0% | -23.5% | -30.1% |
Business Segments
| Segment | FY'21 |
|---|---|
| Corporate And Financing | -$1.05B |
| Total | $7.64B |
All segment values are derived from annual filings.
Corporate And Financing was previously reported and has since been discontinued or reclassified. Only currently active segments are shown in the chart.
Geographic Breakdown
| Segment | Q2 '24 | Q3 '24 | Q4 '24 | Q1 '25 | Q2 '25 | Q3 '25 | Q4 '25 | Q1 '26 |
|---|---|---|---|---|---|---|---|---|
| Non-U.S. | $3.15B | $3.22B | $1.98B | $2.86B | $2.60B | $2.66B | $2.76B | $1.83B |
| Total | $4.09B | $4.06B | $1.86B | $3.57B | $3.35B | $3.16B | $1.42B | $2.50B |
Income Tax at Other Companies
Frequently Asked Questions
- What is Exxon Mobil's income tax?
- Exxon Mobil (XOM) reported income tax of $2.50B in Q1 2026.
- How has Exxon Mobil's income tax changed year-over-year?
- Exxon Mobil's income tax decreased by 30.1% year-over-year, from $3.57B to $2.50B.
- What is the long-term trend for Exxon Mobil's income tax?
- Over 4 years (2021 to 2025), Exxon Mobil's income tax has grown at a 10.8% compound annual growth rate (CAGR), from $7.64B to $11.50B.
- What does income tax mean?
- The total amount of income tax the company is required to pay on its earnings.