Exxon Mobil (XOM) risk factors, FY2024 10-K

Exxon Mobil's FY2024 10-K, filed Feb 19, 2025, lists 18 risk factors. The prior 10-K is not in Gloom's records, so the most company-specific risks are listed below.

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Risk factors listed
180 groups
Section length
5k wordsItem 1A

Exxon Mobil's biggest risks in the FY2024 10-K

  • Results are exposed to energy and petrochemical demand, commodity supply, and changing market conditions.
  • Political access limits, sanctions, regulation, and greenhouse-gas policies can constrain operations and markets.
  • Long-term projects, exploration, operational efficiency, and safe control of complex operations are central execution risks.

The risks most specific to Exxon Mobil

  • Other demand-related factors

    Energy efficiency, seasonal weather, alternative-energy support, and changing fuel choices can reduce demand for ExxonMobil’s products.

  • Other supply-related factors

    New oil and gas sources or recovery technologies can increase supply and depress commodity prices if demand does not keep pace.

  • Government and Political Factors

    Countries may restrict leasing, permits, or access to oil and gas resources, or make resources unavailable for development.

  • Restrictions on doing business

    U.S. and other jurisdictions’ sanctions may bar business with certain countries or counterparties or restrict asset transactions and trade.

  • Greenhouse gas restrictions

    Carbon pricing, trade measures, renewable mandates, permitting limits, efficiency rules, and vehicle mandates may raise costs or constrain markets.

  • Technology and lower-emission solutions

    Lower-emission energy depends on new technologies and infrastructure that make alternatives and carbon capture and storage scalable and affordable.

  • Exploration and development program

    Exploration or development failures, delays, or cost overruns could prevent ExxonMobil from replacing or growing oil and gas production.

  • Project and portfolio management

    Complex, capital-intensive projects across Upstream, Product Solutions, LCS, and emerging investments require strong project management.

  • Operational efficiency

    Weak cost control, production yields, or integration of acquisitions—including Pioneer—could undermine ExxonMobil’s competitive performance.

  • Safety, business controls, and environmental risk management

    Oil, gas, petrochemical, and new-energy operations, trading, and human error create risks that management must control.

All 18 risk factors

Headings as the filing states them, in filing order.

Other

  1. 01Economic conditions
  2. 02Other demand-related factors
  3. 03Other supply-related factors
  4. 04Other market factors
  5. 05Government and Political Factors
  6. 06Restrictions on doing business
  7. 07Lack of legal certainty
  8. 08Regulatory and litigation risks
  9. 09Greenhouse gas restrictions
  10. 10Technology and lower-emission solutions
  11. 11Policy and market development
  12. 12Operational and Other Factors
  13. 13Exploration and development program
  14. 14Project and portfolio management
  15. 15Operational efficiency
  16. 16Research and development and technological change
  17. 17Safety, business controls, and environmental risk management
  18. 18Insurance limitations

Other Exxon Mobil 10-Ks

  • FY2025 10-K risk factors
    18 risks8 reworded

    Legal risks now explicitly include organized opposition to ExxonMobil’s products and resource development, extraterritorial rules, and enforcement changes.

    Filed Feb 18, 2026

About this page

The headings are the filing's own. The one-line readings and the overview are automated and can be wrong: read Item 1A of the 10-K for the exact wording.