SECTION 2 – RESOURCE EXTRACTION ISSUER DISCLOSURE
Item 2.01 Resource Extraction Issuer Disclosure and Report
This consolidated report (“Report”) is prepared and furnished in accordance with the Securities Exchange Act of 1934
under Rule 13q-1 transposed into law effective March 16, 2021, regarding Disclosure of Payments by Resource Extraction
Issuers (the “Regulations”) on behalf of ExxonMobil Holdings Corporation ("EMHC"), its subsidiaries and entities
required to be included in this Report (hereinafter referred to as “ExxonMobil”).
Explanatory Note. On July 1, 2026, Exxon Mobil Corporation, a New Jersey corporation ("EMC"), completed its
previously announced redomiciliation reorganization, pursuant to which EMHC became the publicly traded parent
company of the ExxonMobil consolidated group and the successor registrant of EMC's common stock under the Securities
Exchange Act of 1934 ("Exchange Act"). Additional information regarding the redomiciliation reorganization is included
in Form 10-Q filed by EMC and EMHC for the quarterly period ended June 30, 2026. EMHC is furnishing this Report on
behalf of itself, and its subsidiary EMC, as part of the consolidated group referenced above. References herein to the
company’s Form 10-K reports or other publicly available disclosures may where applicable refer to reports and
disclosures of EMC prior to the redomiciliation.
This Report includes cash and in-kind payments made to Foreign Governments or the U.S. Federal Government with
respect to commercial development of oil, natural gas, or minerals involving exploration, extraction, processing, and
export of oil, natural gas, or minerals, or the acquisition of a license for any such activity. Any extractive payments in the
Upstream, Energy Products, Chemical Products, and Specialty Products business segments have been captured. As
required by the Regulations, payments included in this Report are on a cash (rather than accrual) basis, based on the year
in which the payment was made.
The payments reported follow Form SD’s instructions but do not equal our ultimate liabilities (e.g., production
entitlements, taxes, and royalties) for the reporting year. Notably, the Report only covers extractive payments and, in most
cases, fails to include payments made to governments related to our other business segments. Additionally, the Report is
limited to payments we control and excludes ExxonMobil’s share of significant payments made to governments by other
parties (e.g., equity companies). More specifically, the tax payments reported in this document do not equal our ultimate
tax liability. They are the payments we made to the governments in the reporting year reduced by the amount of any
refunds and do not include amounts for the purchase of tax credits. For these reasons, we believe the total global taxes and
duties expense listed in ExxonMobil's publicly available financial statements provide a more accurate reflection of the full
scope of contributions made to governments.
Please note: this Report only covers the payments required to be disclosed under the Regulations. This does not reflect the
full scope of ExxonMobil’s global economic contributions from the capital we invest annually (>$28 billion in 2025) or
the taxes, fees, and duties paid to local, state, and federal governments, which is far greater than what is reflected in this
report:
•In 2025, as reflected in ExxonMobil's financial statements, ExxonMobil earnings totaled nearly $29 billion.
•Global tax and duties expense in 2025 was $40 billion.
◦This includes more than $11 billion in income taxes.
◦Based on 2025 Form 10-K's, ExxonMobil was the 6th highest cash tax payor of worldwide income taxes in
the Fortune 25 U.S. companies. Our 2025 worldwide effective income tax rate was 31%.
•Payments reported may be influenced by commodity price conditions during the reporting year, divestments,
operatorship transfers, and timing differences between liability recognition and cash settlement, as well as other
factors impacting operations or results as described in ExxonMobil’s publicly available disclosures.
The narrow focus of this report makes it challenging to draw meaningful comparisons of payments across countries.
Payments to different governments vary due to factors like resource type, project start-up timing, whether payments are
controlled by ExxonMobil or third parties, and whether third parties or partners are considered government entities.
Payments can also vary dramatically depending on the age of the field and the related pace and amount of resource
depletion. Fiscal terms are always subject to negotiation and are reflective of the relative risk and upfront investment
required.