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Long-Term Debt (Tables) | 12 Months Ended
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Dec. 31, 2024
Long-Term Debt, Unclassified [Abstract] |
Schedule of Debt Instruments | Summarized long-term debt at year-end 2024 and 2023 are shown in the table below:
(millions of dollars, except where stated otherwise) | Average Rate (1) |  | December 31, 2024 |  | December 31, 2023
Exxon Mobil Corporation (2)(3) |  |  |  |  |
2.709% notes due 2025 |  |  | — |  |  | 1,750 |
2.992% notes due 2025 |  |  | — |  |  | 2,767 |
3.043% notes due 2026 |  |  | 2,500 |  |  | 2,500 |
2.275% notes due 2026 |  |  | 1,000 |  |  | 1,000 |
3.294% notes due 2027 |  |  | 1,000 |  |  | 1,000 |
2.440% notes due 2029 |  |  | 1,250 |  |  | 1,250 |
3.482% notes due 2030 |  |  | 1,992 |  |  | 2,000 |
2.610% notes due 2030 |  |  | 2,000 |  |  | 2,000 |
2.995% notes due 2039 |  |  | 750 |  |  | 750 |
4.227% notes due 2040 |  |  | 2,076 |  |  | 2,080 |
3.567% notes due 2045 |  |  | 1,000 |  |  | 1,000 |
4.114% notes due 2046 |  |  | 2,500 |  |  | 2,500 |
3.095% notes due 2049 |  |  | 1,500 |  |  | 1,500 |
4.327% notes due 2050 |  |  | 2,750 |  |  | 2,750 |
3.452% notes due 2051 |  |  | 2,750 |  |  | 2,750 |
Exxon Mobil Corporation - Euro-denominated |  |  |  |  |
0.524% notes due 2028 |  |  | 1,039 |  |  | 1,105 |
0.835% notes due 2032 |  |  | 1,039 |  |  | 1,105 |
1.408% notes due 2039 |  |  | 1,039 |  |  | 1,105 |
XTO Energy Inc. (4) |  |  |  |  |
6.100% senior notes due 2036 |  |  | 187 |  |  | 189 |
6.750% senior notes due 2037 |  |  | 284 |  |  | 286 |
6.375% senior notes due 2038 |  |  | 221 |  |  | 223 |
Pioneer Natural Resources Company (5) |  |  |  |  |
1.125% senior notes due 2026 |  |  | 718 |  |  | — |
5.100% senior notes due 2026 |  |  | 1,097 |  |  | — |
7.200% senior notes due 2028 |  |  | 250 |  |  | — |
1.900% senior notes due 2030 |  |  | 931 |  |  | — |
2.150% senior notes due 2031 |  |  | 846 |  |  | — |
Parsley Energy LLC (6) |  |  |  |  |
4.125% senior notes due 2028 |  |  | 131 |  |  | — |
Industrial revenue bonds due 2025-2051 | 3.149% |  | 2,032 |  |  | 2,123 |
Finance leases & other obligations | 4.577% |  | 3,951 |  |  | 3,838 |
Debt issuance costs |  |  | (78) |  |  | (88) |
Total long-term debt |  |  | 36,755 |  |  | 37,483 |
(1) Average effective or imputed interest rates at December 31, 2024.
(2) Includes impacts of hedge accounting of interest rate swaps.
(3) Includes premiums of $76 million in 2024 and $97 million in 2023.
(4) Includes premiums of $66 million in 2024 and $71 million in 2023.
(5) Includes net discounts of $348 million in 2024.
(6) Includes discounts of $7 million in 2024.
Debt Assumed in the Merger The following table presents long-term debt assumed at closing:
(millions of dollars) | Par Value | Fair Value as of May 2, 2024
0.250% Convertible Senior Notes due May 2025 (1) | 450 |  | 1,327 |
1.125% Senior Notes due January 2026 | 750 |  | 699 |
5.100% Senior Notes due March 2026 | 1,100 |  | 1,096 |
7.200% Senior Notes due January 2028 | 241 |  | 252 |
4.125% Senior Notes due February 2028 | 138 |  | 130 |
1.900% Senior Notes due August 2030 | 1,100 |  | 914 |
2.150% Senior Notes due January 2031 | 1,000 |  | 832 |
(1) In June 2024, the Corporation redeemed in full all of the Convertible Senior Notes assumed from Pioneer for an amount consistent with the acquisition date fair value.

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