Exxon Mobil Corporation (XOM) Income Tax Expense
The tax expense for Exxon Mobil Corporation (XOM) is $11.50 Billion with a year-over-year change of -16.70%. Income tax expense is the amount a company pays in federal, state, and foreign income taxes based on its taxable income for the period.
XOM Tax Expense Chart
Current Tax Expense
$11.50B
$11.50 Billion
Year-over-Year Change
-16.70%
vs. $13.81B prior year
Historical Data
30
Years of data available
Annual Tax Expense History
| Year | Tax Expense | YoY Change | % Change |
|---|---|---|---|
| 2025 | $11.50B | $-2.31B | -16.70% |
| 2024 | $13.81B | $-1.62B | -10.49% |
| 2023 | $15.43B | $-4.75B | -23.53% |
| 2022 | $20.18B | +$12.54B | +164.22% |
| 2021 | $7.64B | +$13.27B | +235.58% |
| 2020 | $-5.63B | $-10.91B | -206.63% |
| 2019 | $5.28B | $-4.25B | -44.59% |
| 2018 | $9.53B | +$10.71B | +911.93% |
| 2017 | $-1.17B | $-768.00M | -189.16% |
| 2016 | $-406.00M | $-5.82B | -107.50% |
| 2015 | $5.42B | $-12.60B | -69.94% |
| 2014 | $18.02B | $-6.25B | -25.75% |
| 2013 | $24.26B | $-6.78B | -21.85% |
| 2012 | $31.05B | $-6.00M | -0.02% |
| 2011 | $31.05B | +$9.49B | +44.01% |
| 2010 | $21.56B | +$6.44B | +42.61% |
| 2009 | $15.12B | $-21.41B | -58.61% |
| 2008 | $36.53B | +$6.67B | +22.32% |
| 2007 | $29.86B | +$1.96B | +7.03% |
| 2006 | $27.90B | +$4.60B | +19.74% |
| 2005 | $23.30B | +$7.39B | +46.45% |
| 2004 | $15.91B | +$4.91B | +44.57% |
| 2003 | $11.01B | +$4.51B | +69.35% |
| 2002 | $6.50B | $-2.47B | -27.52% |
| 2001 | $8.97B | $-2.11B | -19.03% |
| 2000 | $11.07B | +$7.83B | +241.82% |
| 1999 | $3.24B | $-699.00M | -17.75% |
| 1998 | $3.94B | $-3.67B | -48.21% |
| 1997 | $7.61B | +$3.20B | +72.61% |
| 1996 | $4.41B | — | — |
About Exxon Mobil Corporation
Exxon Mobil Corporation is a global energy firm that undertakes the exploration and extraction of oil and natural gas resources across its domestic operations and international territories. The company organizes its vast activities into three primary divisions: Upstream, Downstream, and Chemical. Beyond resource acquisition, Exxon Mobil is deeply engaged in the manufacturing, commercial trading, logistical transportation, and marketing of crude oil, natural gas, refined petroleum goods, a wide array of petrochemicals (including olefins, polyolefins, and aromatics), and other specialized chemical products. Furthermore, the company is actively developing solutions in carbon capture and storage, hydrogen, and biofuels. As of December 31, 2021, the corporation maintained approximately 20,528 net operational wells with verified reserves. Founded in 1870, Exxon Mobil's corporate headquarters are located in Irving, Texas.
- Sector
- Energy
- Industry
- Oil & Gas Integrated
- CEO
- Darren W. Woods