Business Segments · Income Tax Expense Benefit
Upstream — Income Tax Expense Benefit
Exxon Mobil Upstream — Income Tax Expense Benefit 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), Upstream — Income Tax Expense Benefit shows an upward trend with a 10.8% CAGR. This increase may warrant attention — for this metric, lower values are generally preferred.
Analysis
StatementSegment
CategoryProfitability
SignalLower is better
VolatilityModerate
First reportedQ1 2013
Last reportedQ1 2026
Rolls up toIncome Tax
How to read this metric
Changes reflect shifts in regional profitability, tax law changes, or the geographic mix of production assets.
Detailed definition
The total tax liability or benefit associated with the upstream segment's operations, reflecting the impact of various g...
Peer comparison
Highly variable across the industry due to the diverse global tax regimes where upstream companies operate.
Metric ID:
xom_segment_upstream_income_tax_expense_benefitHistorical Data
20 periods
| 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% |
Range$1.42B – $6.36B
CAGR+10.9%
Avg YoY Growth+21.8%
Median YoY Growth-17.4%
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Frequently Asked Questions
- What is Exxon Mobil's upstream — income tax expense benefit?
- Exxon Mobil (XOM) reported upstream — income tax expense benefit of $2.50B in Q1 2026.
- How has Exxon Mobil's upstream — income tax expense benefit changed year-over-year?
- Exxon Mobil's upstream — income tax expense benefit decreased by 30.1% year-over-year, from $3.57B to $2.50B.
- What is the long-term trend for Exxon Mobil's upstream — income tax expense benefit?
- Over 4 years (2021 to 2025), Exxon Mobil's upstream — income tax expense benefit has grown at a 10.8% compound annual growth rate (CAGR), from $7.64B to $11.50B.
- What does upstream — income tax expense benefit mean?
- The total tax cost or benefit attributed to the upstream segment's operations.