SEC Comment Letter for EXXON MOBIL CORP (CIK 0000034088) (XOM) — Apr 20, 2026
EXXON MOBIL CORP (CIK 0000034088)
Date: April 20, 2026 · CIK: 0000034088 · Accession: 0000000000-26-004013
AI Filing Summary & Sentiment
Reasoning
File numbers found in text: 001-02256
Letter
Re: Exxon Mobil Corporation Form 10-K for the Fiscal Year ended December 31, 2025 File No. 001-02256 Dear Len M. Fox:
April 20, 2026
Len M. Fox Principal Accounting Officer Exxon Mobil Corporation 22777 Springwoods Village Parkway Spring, TX 77389
We have limited our review of your filing to the financial statements and related disclosures and have the following comment.
Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response.
After reviewing your response to this letter, we may have additional comments.
Form 10-K for the Fiscal Year ended December 31, 2025 Financial Statements Note 15. Income and Other Taxes, page 104
1. We note that you identify foreign income tax rate differentials for operations in the United Arab Emirates and Qatar in your reconciliation on page 105, and although taxes paid in Canada and Guyana are reported on page 106, tax rate differentials were not identified for these jurisdictions in your reconciliation. However, if the taxes paid in Canada and Guyana are representative of the income tax expense and if the respective statutory foreign tax rates are representative of the effective rates, it would appear that differentials for these jurisdictions would also exceed the 5% disclosure threshold.
Please explain to us how income tax expense in Canada and Guyana, and any offsetting amounts were considered in determining that differentials for these jurisdictions would not also be separately identified in your rate reconciliation.
Please provide us with the analyses that you performed in formulating your disclosure, including the effective rates, amounts by nature, and calculations. Please also clarify how April 20, 2026 Page 2
the amount of taxes paid in Qatar were considered relative to the disclosure threshold in determining that these would not be shown in the table on page 106, and address the requirement in FASB ASC 740-10-50-12C, to discuss the nature, effect, and underlying causes of the reconciling items identified within your reconciliation.
In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff.
Please contact Jenifer Gallagher at 202-551-3706 or Gus Rodriguez at 202-551-3752 with any questions.
Sincerely,
Division of
Corporation Finance
Office of Energy &
Transportation
Show Raw Text
<DOCUMENT> <TYPE>TEXT-EXTRACT <SEQUENCE>2 <FILENAME>filename2.txt <TEXT> April 20, 2026 Len M. Fox Principal Accounting Officer Exxon Mobil Corporation 22777 Springwoods Village Parkway Spring, TX 77389 Re: Exxon Mobil Corporation Form 10-K for the Fiscal Year ended December 31, 2025 File No. 001-02256 Dear Len M. Fox: We have limited our review of your filing to the financial statements and related disclosures and have the following comment. Please respond to this letter within ten business days by providing the requested information or advise us as soon as possible when you will respond. If you do not believe a comment applies to your facts and circumstances, please tell us why in your response. After reviewing your response to this letter, we may have additional comments. Form 10-K for the Fiscal Year ended December 31, 2025 Financial Statements Note 15. Income and Other Taxes, page 104 1. We note that you identify foreign income tax rate differentials for operations in the United Arab Emirates and Qatar in your reconciliation on page 105, and although taxes paid in Canada and Guyana are reported on page 106, tax rate differentials were not identified for these jurisdictions in your reconciliation. However, if the taxes paid in Canada and Guyana are representative of the income tax expense and if the respective statutory foreign tax rates are representative of the effective rates, it would appear that differentials for these jurisdictions would also exceed the 5% disclosure threshold. Please explain to us how income tax expense in Canada and Guyana, and any offsetting amounts were considered in determining that differentials for these jurisdictions would not also be separately identified in your rate reconciliation. Please provide us with the analyses that you performed in formulating your disclosure, including the effective rates, amounts by nature, and calculations. Please also clarify how April 20, 2026 Page 2 the amount of taxes paid in Qatar were considered relative to the disclosure threshold in determining that these would not be shown in the table on page 106, and address the requirement in FASB ASC 740-10-50-12C, to discuss the nature, effect, and underlying causes of the reconciling items identified within your reconciliation. In closing, we remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Please contact Jenifer Gallagher at 202-551-3706 or Gus Rodriguez at 202-551-3752 with any questions. Sincerely, Division of Corporation Finance Office of Energy & Transportation </TEXT> </DOCUMENT>