Exxon Mobil (XOM) Tax Rate (2010 - 2026)
Exxon Mobil (XOM) posted Tax Rate of 35.81% for Q1 2026, up 102.25% sequentially from 17.71% in Q4 2025, and up 506.0% YoY from 5.91% in Q1 2025.
Exxon Mobil (XOM) Tax Rate (2010 - 2026) Analysis & Trends
Exxon Mobil (XOM) has 17 years of Tax Rate data on file, last reported at 35.81% in Q1 2026.
- Quarterly Tax Rate rose 506.0% year-over-year to 35.81% in Q1 2026, while the trailing twelve-month figure through Mar 2026 was 28.48% (up 26.0% YoY) and the FY2025 annual result came in at 27.88%, down 38.0% from the prior year.
- Tax Rate grew to 35.81% in Q1 2026 per XOM's latest filing, from 17.71% in the prior quarter.
- The five-year high for Tax Rate was 35.81% in Q1 2026, with the low at 17.71% in Q4 2025.
- Average Tax Rate over 5 years is 28.28%, with a median of 30.05% recorded in 2023.
- Year-over-year, Tax Rate sank 718 bps in 2022 and jumped 1123 bps in 2023.
- Exxon Mobil's Tax Rate stood at 30.71% in 2022, then fell by 20 bps to 24.59% in 2023, then retreated by 23 bps to 18.93% in 2024, then fell by 6 bps to 17.71% in 2025, then jumped by 102 bps to 35.81% in 2026.
- Business Quant data shows XOM's Tax Rate at 35.81% in Q1 2026, 17.71% in Q4 2025, and 28.94% in Q3 2025.
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Peer Comparison
| # | Company | Market Cap | Enterprise Value | Gross Profit (Qtr) | Tax Rate (Qtr) |
|---|---|---|---|---|---|
| 1 | Exxon Mobil | 6,326.01 Bn | 6,324.19 Bn | - | 35.81% |
| 2 | Petrobras - Petroleo Brasileiro | 3,284.86 Bn | 3,284.86 Bn | 11.34 Bn | 33.32% |
| 3 | Bp | 558.99 Bn | 524.30 Bn | 51.83 Bn | 42.81% |
| 4 | TotalEnergies SE | 523.98 Bn | 523.98 Bn | 26,816.00 | -11.54% |
| 5 | Chevron | 328.11 Bn | 333.77 Bn | 20.34 Bn | 43.59% |
| 6 | Equinor Asa | 77.88 Bn | 70.78 Bn | - | -68.13% |
| 7 | National Fuel Gas | 7.37 Bn | 7.34 Bn | 650.52 Mn | 25.04% |
| 8 | Diversified Energy | 1.02 Bn | 860.11 Mn | -3.35 Mn | 48.74% |
| 9 | Stabilis Solutions | 74.76 Mn | 64.12 Mn | 367,000.00 | -0.14% |
| 10 | Sky Quarry | 10.63 Mn | 9.79 Mn | -389,218.00 | - |
Historic Data
Download Data| Date | Value |
|---|---|
| Mar 31, 2026 | 35.81% |
| Mar 31, 2026 | 35.81% |
| Dec 31, 2025 | 17.71% |
| Dec 31, 2025 | 17.71% |
| Sep 30, 2025 | 28.94% |
| Sep 30, 2025 | 28.94% |
| Jun 30, 2025 | 31.30% |
| Jun 30, 2025 | 31.30% |
| Mar 31, 2025 | 30.75% |
| Mar 31, 2025 | 30.75% |
| Dec 31, 2024 | 18.93% |
| Dec 31, 2024 | 18.93% |
| Sep 30, 2024 | 31.13% |
| Sep 30, 2024 | 31.13% |
| Jun 30, 2024 | 29.96% |
| Jun 30, 2024 | 29.96% |
| Mar 31, 2024 | 30.75% |
| Mar 31, 2024 | 30.75% |
| Dec 31, 2023 | 24.59% |
| Dec 31, 2023 | 24.59% |