UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 11-K
[x] ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the fiscal year ended December 31, 2025
OR
[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 |
For the transition period from __________ to ___________
Commission file number 1-2256
A. Full title of the plan and the address of the plan, if different from that of the issuer named below: |
EXXONMOBIL SAVINGS PLAN
B. Name of issuer of the securities held pursuant to the plan and the address of its principal executive office: |
22777 Springwoods Village Parkway
Spring, Texas 77389-1425
2
EXXONMOBIL SAVINGS PLAN
TABLE OF CONTENTS
Page | |
5-9 | |
Schedule H, Line 4i - Schedule of Assets (Held At End Of Year) | 10-11 |
12 | |
13 | |
14 |
3
EXXONMOBIL SAVINGS PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
(millions of dollars)
December 31, | |||
2025 | 2024 | ||
Assets | |||
Investments, at fair value (Note 5): | |||
Exxon Mobil Corporation common stock | |||
Other investments | |||
Other investments on loan | |||
Total investments | |||
Receivables: | |||
Notes receivable from participants | |||
Other receivables | |||
Total receivables | |||
Total assets | |||
Liabilities | |||
Payables and accrued liabilities | |||
Payables for cash collateral on securities on loan | |||
Total liabilities | |||
Net assets available for benefits | |||
The accompanying notes are an integral part of these financial statements.
4
EXXONMOBIL SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
FOR THE YEAR ENDED 2025
(millions of dollars)
Contributions: | |
Employer | |
Participant | |
Transfers-in at fair value | |
Total contributions | |
Investment income/(loss): | |
Interest | |
Dividends | |
Net appreciation/(depreciation) in fair value of investments | |
Net investment income/(loss) | |
Interest income on notes receivable from participants | |
Benefit payments | ( |
Net increase/(decrease) | |
Net assets available for benefits: | |
Beginning of year | |
End of year |
The accompanying notes are an integral part of these financial statements.
5
EXXONMOBIL SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
Note 1: Description of the Plan
General
Active participants in the ExxonMobil Savings Plan ("Plan") are eligible employees of Exxon Mobil Corporation
("ExxonMobil" or the “Company") and certain affiliated employers. The terms and conditions of the Plan are
contained in the ExxonMobil Benefit Plans Common Provisions document, the ExxonMobil Savings Plan document,
and the ExxonMobil Savings Trust document (collectively, the "Plan Document"). The Plan is an "employee pension
benefit plan" described in Section 3(2) of the Employee Retirement Income Security Act of 1974 ("ERISA"), a
"defined contribution plan" described in Section 3(34) of ERISA, and a non-leveraged Employee Stock Ownership
Plan. The notes to the financial statements give a general description of the Plan. Participants should refer to the
Plan Document for a more complete discussion of the Plan's provisions.
Contributions
The Plan permits participant contributions that range from 6 percent to 20 percent of each participant’s eligible pay.
The Company matches only the minimum 6 percent contribution in an amount equal to 7 percent of a participant’s
eligible pay.
Employees who are at least age 50 during the plan year and who maximize the combination of their regular pretax
and Roth contributions may elect to make additional contributions.
Vesting
Participants are immediately vested in their contributions and all earnings. Company contributions vest at 100
percent upon the earliest of completion of 3 years of vesting service, reaching age 65 while employed, or death
while an employee.
Forfeitures
During 2025, employer contributions totaling $2.6 million were forfeited by terminating employees and used to offset
employer contributions.
Other Plan Provisions
Other Plan provisions including eligibility, enrollment, participation, forfeiture, loans, benefit payments (including
withdrawals and distributions), and investment options are described in the Plan Document.
Plan Termination
The Company may terminate or amend the Plan at any time. In the event of termination, the net assets of the Plan
will be distributed in accordance with ERISA.
6
EXXONMOBIL SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
Note 2: Summary of Significant Accounting Policies
The financial statements of the Plan are presented on the accrual basis. Benefit payments are reported when paid.
Investments are stated at fair value as described in Note 5.
Under the terms of its trust agreement, the Plan engaged in an authorized form of security lending activities during
the year ended December 31, 2025. In accordance with the Savings Plan Securities Lending Agreement with The
Northern Trust Company, the market value of the collateral held at the time of trade execution is required to be at
least 102 percent of the market value of securities on loan or at least 105 percent if the collateral held and securities
on loan are denominated in different currencies. The fair value of U.S. Government securities on loan was $0 and
$2 million, at December 31, 2025 and 2024, respectively. The securities on loan are reflected in the Statements of
Net Assets Available for Benefits at December 31, 2025 and 2024 and the Schedule of Assets (Held At End Of
Year). The value of cash collateral obtained and reinvested in short term investments is reflected as a liability on the
Plan’s financial statements.
Purchases and sales of securities are recorded on a trade-date basis. "Dividends" only includes dividends on
ExxonMobil stock, and any dividends related to the NT CCT equity funds are reflected as part of the "Net
appreciation/(depreciation) in fair value of investments". "Interest" includes only interest from fixed income securities
held in the Common Assets Portfolio and from short term cash investments. Interest related to the NT Bond Fund
CCT is reflected as part of the "Net appreciation/(depreciation) in fair value of investments".
Net appreciation / depreciation in the current value of investments includes realized gains and losses on
investments sold or disposed of during the year and unrealized gains and losses on investments held at year end.
Transfers-in at fair value include participant-initiated rollovers of certain distributions from other tax-qualified plans
into the Plan.
The preparation of financial statements in conformity with accounting principles generally accepted in the United
States of America requires management to make estimates and assumptions that affect the reported amounts of
assets available for benefits, liabilities and disclosure of contingent liabilities at the date of the financial statements,
and the reported amounts of changes in net assets available for benefits during the reporting period. Actual results
could differ from those estimates.
The Plan participants invest in various investment options offered by the Plan. Investments in these Plan-offered
options are subject to various risks, such as interest rate, market value, and credit risks. Market risks include global
events which could impact the value of investments securities, such as pandemics or international conflicts. Due to
the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the
values of investment securities will occur in the near term and that such changes could materially affect the
amounts reported in the Statements of Net Assets Available for Benefits.
Investment income from all sources is stated net of brokerage fees on purchases and sales of ExxonMobil common
stock, administrative expenses and investment management fees. Fees for delivery of checks that are expedited
7
EXXONMOBIL SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
upon request by participants and participant loan origination fees are charged to the participant’s account. All other
administrative fees are paid by the Company. Administrative expenses are recorded when incurred.
Note 3: Related Party and Party in Interest Transactions
During 2025, certain Plan investments were units of various funds managed by The Northern Trust Company, and
therefore, purchases and sales of these investments qualified as party in interest transactions. The Northern Trust
Company also provided custodial services to the Plan and acted as securities lending agent during the Plan year.
The Plan holds ExxonMobil common stock. ExxonMobil is the employer of Plan participants and is the Plan
sponsor, and any transactions in ExxonMobil common stock qualify as party in interest transactions.
Notes receivable from participants (participant loans) also qualify as party in interest transactions.
Note 4: Tax Status
The Internal Revenue Service has determined and informed the Plan administrators by a letter dated August 7,
2017, that the Plan and related trust are designed in accordance with the applicable sections of the Internal
Revenue Code (“IRC”). The Plan has been amended since receiving the determination letter. The Plan
administrators and legal counsel believe the Plan is currently designed and is being operated in compliance with the
applicable requirements of the IRC. The Plan is subject to audit by taxing jurisdictions; however, there are currently
no audits for any tax periods in progress.
Note 5: Fair Value Measurements
The authoritative guidance for fair value measurements provides a framework for measuring fair value. The
framework establishes a three-level fair value hierarchy based on the nature of the information used to measure fair
value. The terms “Level 1” and “Level 2” 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 fair value hierarchies for the Plan
assets are not a measure of the ability of the Plan to meet Plan benefit obligations.
8
EXXONMOBIL SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
Note 5: Fair Value Measurements (continued)
Fair Value Measurements at | ||||||
December 31, 2025 Using* | ||||||
(millions of dollars) | ||||||
Description of investments | Value | Quoted Prices In Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | |||
ExxonMobil common stock | (1) | |||||
U.S. Government Securities | (2) | |||||
Corporate Debt Securities | (2) | |||||
Total | ||||||
Common/Collective trusts (at net asset value)**: | ||||||
S&P 500 Fund | (3) | |||||
Small & Mid Cap Fund | (3) | |||||
World Ex-US Equity Fund | (3) | |||||
Aggregate Bond Fund | (4) | |||||
Short term investments | (5) | |||||
Total | ||||||
(1) For ExxonMobil common stock, fair value is based on observable quoted prices on an active exchange.
(2) For U.S. government securities and corporate debt securities, fair value is based on observable inputs of comparable
market transactions.
(3) Investments in common and preferred stocks held in the form of units in common/collective trusts are redeemable daily at
the unit value, including the measurement date. The fair value of the underlying securities owned by the common/collective trusts
is based on observable quoted prices on an active exchange.
(4) Investments in debt securities and fixed income assets held in the form of units in common/collective trusts are redeemable
daily at the unit value, including the measurement date.
(5) Short term investments held in the form of units in common/collective trusts are redeemable daily at the unit value, including
the measurement date.
* There are no “Level 3” investments.
** Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient
have not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit
reconciliation of the fair value hierarchy to the amounts in the Statements of Net Assets.
9
EXXONMOBIL SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
Note 5: Fair Value Measurements (continued)
Fair Value Measurements at | ||||||
December 31, 2024 Using* | ||||||
(millions of dollars) | ||||||
Description of investments | Value | Quoted Prices In Active Markets for Identical Assets (Level 1) | Significant Other Observable Inputs (Level 2) | |||
ExxonMobil common stock | (1) | |||||
U.S. Government Securities | (2) | |||||
Corporate Debt Securities | (2) | |||||
Total | ||||||
Common/Collective trusts (at net asset value)**: | ||||||
S&P 500 Fund | (3) | |||||
Small & Mid Cap Fund | (3) | |||||
World Ex-US Equity Fund | (3) | |||||
Aggregate Bond Fund | (4) | |||||
Short term investments | (5) | |||||
Total | ||||||
(1) For ExxonMobil common stock, fair value is based on observable quoted prices on an active exchange.
(2) For U.S. government securities and corporate debt securities, fair value is based on observable inputs of comparable
market transactions.
(3) Investments in common and preferred stocks held in the form of units in common/collective trusts are redeemable daily at
the unit value, including the measurement date. The fair value of the underlying securities owned by the common/collective trusts
is based on observable quoted prices on an active exchange.
(4) Investments in debt securities and fixed income assets held in the form of units in common/collective trusts are redeemable
daily at the unit value, including the measurement date.
(5) Short term investments held in the form of units in common/collective trusts are redeemable daily at the unit value, including
the measurement date.
* There are no “Level 3” investments.
** Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient
have not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit
reconciliation of the fair value hierarchy to the amounts in the Statements of Net Assets.
Note 6: Pioneer 401(k) Plan Merger
On June 15, 2026, Pioneer Natural Resources USA, Inc. 401(k) and Matching Plan will merge into the ExxonMobil
Savings Plan. At December 31, 2025, Pioneer Natural Resources USA, Inc. 401(k) and Matching Plan net assets
10
SCHEDULE H
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2025
(a) | (b) | (c) | (d) | (e) | ||||||||
IDENTITY OF ISSUE | DESCRIPTION OF INVESTMENT | COST | CURRENT | |||||||||
* | ** | VALUE | ||||||||||
coupon | maturity | par/units | ||||||||||
(000's) | ($000's) | |||||||||||
U.S. GOVERNMENT SECURITIES | ||||||||||
FEDERAL FARM CREDIT | 11/20/28 | |||||||||
FEDERAL HO | 12/04/28 | |||||||||
FEDERAL HO | 12/04/28 | |||||||||
FEDERAL HOME LN MTG | 11/13/28 | |||||||||
FEDERAL HOME LN MTG | 11/16/28 | |||||||||
FEDERAL HOME LN MTG | 11/06/28 | |||||||||
FNMA DTD | 09/29/28 | |||||||||
FNMA DTD | 09/29/28 | |||||||||
FNMA | 09/21/28 | |||||||||
FREDDIE MAC | 11/17/28 | |||||||||
U.S SAVINGS BOND SERIES I | 01/01/40 | |||||||||
U.S SAVINGS BOND SERIES I | 01/01/43 | |||||||||
U.S SAVINGS BOND SERIES I | 02/01/39 | |||||||||
U.S SAVINGS BOND SERIES EE | 03/01/38 | |||||||||
U.S SAVINGS BOND SERIES I | 10/01/31 | |||||||||
U.S SAVINGS BOND SERIES I | 01/01/33 | |||||||||
U.S SAVINGS BOND SERIES I | 02/01/38 | |||||||||
U.S SAVINGS BOND SERIES I | 10/01/32 | |||||||||
U.S SAVINGS BOND SERIES I | 05/01/44 | |||||||||
TOTAL U.S. GOVERNMENT SECURITIES | ||||||||||
11
(a) | (b) | (c) | (d) | (e) | ||||||||
IDENTITY OF ISSUE | DESCRIPTION OF INVESTMENT | COST | CURRENT | |||||||||
* | ** | VALUE | ||||||||||
coupon | maturity | par/units | ||||||||||
(000's) | ($000's) | |||||||||||
CORPORATE DEBT SECURITIES | ||||||||||||
BK MONTREAL CH | 09/08/28 | |||||||||||
BK MONTREAL MEDIU | 03/31/28 | |||||||||||
CITIGROUP INC VAR | 09/08/28 | |||||||||||
CR AGRICOLE CORP | 09/22/28 | |||||||||||
INTL BUSINESS | 02/19/26 | |||||||||||
NATL BK CDA STR | 09/15/28 | |||||||||||
PVTPL JACKSON | 01/09/26 | |||||||||||
ROYAL BANK OF CA | 03/24/28 | |||||||||||
MACQUARIE GROUP LTD | 01/22/26 | |||||||||||
OVERWATCH BRAVO FDG | 01/28/26 | |||||||||||
TOTAL CORPORATE DEBT SECURITIES | ||||||||||||
* | PARTICIPANT LOANS | |||||||||||
COMMON/COLLECTIVE TRUSTS | ||||||||||||
* | NT S&P 500 INDEX FUND | |||||||||||
* | NT EXTENDED EQUITY MARKET INDEX FUND | |||||||||||
* | NT WORLD EX-US INVESTABLE MARKET INDEX FUND | |||||||||||
* | NT AGGREGATE BOND INDEX FUND | |||||||||||
* | NT GOVERNMENT STIF FUND | |||||||||||
TOTAL COMMON/COLLECTIVE TRUSTS | ||||||||||||
COMMON STOCK | ||||||||||||
* | EXXON MOBIL CORPORATION | |||||||||||
TOTAL ASSETS HELD | ||||||||||||
*Party in interest as defined by ERISA
**Cost information is not required for participant-directed investments and, therefore, is not included
12
Report of Independent Registered Public Accounting Firm
To the Administrator and Plan Participants of ExxonMobil Savings Plan
Opinion on the Financial Statements
We have audited the accompanying statements of net assets available for benefits of ExxonMobil Savings Plan (the
“Plan”) as of December 31, 2025 and 2024 and the related statement of changes in net assets available for benefits
for the year ended December 31, 2025, including the related notes (collectively referred to as the “financial
statements”). In our opinion, the financial statements present fairly, in all material respects, the net assets available
for benefits of the Plan as of December 31, 2025 and 2024, and the changes in net assets available for benefits for
the year ended December 31, 2025 in conformity with accounting principles generally accepted in the United States
of America.
Basis for Opinion
These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an
opinion on the Plan’s financial statements based on our audits. We are a public accounting firm registered with the
Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with
respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of
the Securities and Exchange Commission and the PCAOB.
We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those
standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial
statements are free of material misstatement, whether due to error or fraud.
Our audits included performing procedures to assess the risks of material misstatement of the financial statements,
whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included
examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits
also included evaluating the accounting principles used and significant estimates made by management, as well as
evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable
basis for our opinion.
Supplemental Information
The supplemental Schedule H, line 4i- Schedule of Assets (Held At End Of Year) as of December 31, 2025
("supplemental schedule") has been subjected to audit procedures performed in conjunction with the audit of the
Plan’s financial statements. The supplemental schedule is the responsibility of the Plan’s management. Our audit
procedures included determining whether the supplemental schedule reconciles to the financial statements or the
underlying accounting and other records, as applicable, and performing procedures to test the completeness and
accuracy of the information presented in the supplemental schedule. In forming our opinion on the supplemental
schedule, we evaluated whether the supplemental schedule, including its form and content, is presented in
conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee
Retirement Income Security Act of 1974. In our opinion, the supplemental schedule is fairly stated, in all material
respects, in relation to the financial statements as a whole.
/s/ PricewaterhouseCoopers LLP
Houston, Texas
June 10, 2026
We have served as the Plan’s auditor since at least 1994. We have not been able to determine the specific year we
began serving as auditor of the Plan.
13
SIGNATURE
The Plan. Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who
administer the Plan) have duly caused this Annual Report to be signed by the undersigned hereunto duly
authorized.
ExxonMobil Savings Plan | |
/s/ Kristy A. Walker | |
Kristy A. Walker | |
Administrator-Accounting | |
Dated: June 10, 2026 |
14
EXHIBIT INDEX
EXHIBIT
23 | Consent of PricewaterhouseCoopers LLP, Independent Registered Public Accounting Firm Dated June 10, 2026 |