What is Exxon Mobil's income tax?

Exxon Mobil (XOM) reported income tax of $2.5B 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 $2.5B.

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 $11.5B.

What does income tax mean?

Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.

Exxon Mobil XOM Income Tax

Income Tax at other companies

ChevronCVX

$1.65B-20.2%

World KinectWKC

$6.6M+197%

EOG ResourcesEOG

$575M+38.9%

Par Pacific Holdings, Inc.PARR

$12.34M+279%

ConocoPhillipsCOP

$1.18B-27.0%

WestlakeWLK

-$33M-3,400%

Segments

By geography

See full

Non-U.S.$1.83B-36.0%

Other financials

Income statement

See full

Revenue$85.1B+2.4%

Net income$4.2B-45.8%

EPS (diluted)$1.00-43.2%

Balance sheet

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Cash & equivalents$8.4B-54.4%

Total debt$47.7B+26.9%

Total equity$254.38B-3.2%

Total assets$464.41B+2.8%

Cash flow

See full

Operating cash flow$8.7B-32.8%

CapEx$6.5B+9.7%

Free cash flow$2.2B-68.3%

Valuation

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Market cap$566.7B+19.6%

Enterprise value$605.92B+21.8%

P/E22.4×+7.1×

P/S1.7×+0.3×

Profitability

See full

Net margin7.6%-1.9pp

FCF margin5.6%-2.4pp

Returns & leverage

See full

Return on equity9.8%-4.4pp

Debt / equity0.2×0.0×

Current ratio1×-0.2×

Where this comes from

Reported directly by Exxon Mobil in its filing.

Tagged under the XBRL concept us-gaap:IncomeTaxExpenseBenefit.

The official record: Exxon Mobil’s 10-Q, filed May 4, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Exxon Mobil's income tax?: Exxon Mobil (XOM) reported income tax of $2.5B 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 $2.5B.
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 $11.5B.
What does income tax mean?: Total income tax expense (current + deferred) recognized in the income statement, representing the company's total tax obligation on pre-tax income.