XOM · 10-Q · 2026Q3 · Full report

Operating Expense Trends

ExxonMobil Holdings Corp · 2026-11-02 · Importance 59 · Surprise 48

Nine-month production and manufacturing expenses increased 12.8% to $34.164 billion from $30.279 billion. Depreciation and depletion, including impairments, increased 21.8% to $22.263 billion from $18.278 billion. Selling, general and administrative expenses declined 3.2% to $7.844 billion from $8.100 billion, while total costs and other deductions increased 23.1% to $266.692 billion from $216.693 billion. Segment operating expenses excluding depreciation and depletion rose to $41.856 billion from $37.657 billion.

Key facts

• Upstream third-quarter expenses decreased earnings by $590 million, mainly due to higher depreciation. source
• Upstream year-to-date expenses decreased earnings by $2,060 million, mainly due to higher depreciation and growth. source
• Energy Products year-to-date expenses decreased earnings by $780 million, driven by scheduled maintenance and advantaged project growth. source
• Third-quarter Corporate and Financing expenses were $864 million, $362 million lower than in the prior-year quarter due to the absence of prior-year restructuring charges, partly offset by the absence of favorable tax items. source
• First-nine-month Corporate and Financing expenses were $2,871 million, $88 million higher than in the prior-year period, mainly due to the absence of favorable tax items and lower interest income, partly offset by the absence of prior-year restructuring charges. source
• ExxonMobil and its affiliates have numerous long-term sales and purchase commitments, which it expects to fulfill without material adverse consequences to operations or financial condition. source