FMSP 11-K


UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C.  20549



FORM 11-K



[x]        ANNUAL REPORT PURSUANT TO SECTION 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934


For the fiscal year ended December 31, 2004



OR


[ ] TRANSITION REPORT PURSUANT TO SECTION 15(d) OF THE

SECURITIES EXCHANGE ACT OF 1934



For the transition period from __________ to ___________



Commission file number 1-2256



A. Full title of the plan:


ExxonMobil Fuels Marketing Savings Plan



B. Name of issuer of the securities held pursuant to the plan

and the address of its principal executive office:


Exxon Mobil Corporation


5959 Las Colinas Boulevard


Irving, Texas 75039-2298


















ExxonMobil Fuels Marketing Savings Plan



INDEX



 

Page

  

Financial Statements

 

Statement of Net Assets Available for Benefits at December 31, 2004 and 2003

3

Statement of Changes in Net Assets Available for Benefits, Year Ended December 31, 2004

4

Notes to Financial Statements

5-7

  

Supplemental Schedules

 

Schedule H, Line 4i - Schedule of Assets (Held At End of Year) at December 31, 2004

8

Schedule H, Line 4j - Schedule of Reportable Transactions

9-10

  

Report of Independent Registered Public Accounting Firm

11

  

Signature

12

  

Exhibit Index

13

  

Exhibit 23 - Consent of Independent Registered Public Accounting Firm

14





























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ExxonMobil Fuels Marketing Savings Plan




STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS



 

December 31,

 

 2004

 

 2003

Assets

   

  Investments, at fair value (see note 3)

$  24,817,265

 

$  22,309,560

  Participant contribution receivable

88,354

 

153,333

  Employer contribution receivable

100,878

 

343,514

  Accounts receivable

  

19,321

  Accrued income

18,607

 

5,055

  Cash

  

91,757

    

    Total assets

25,025,104

 

22,922,540

    

Trustee fee payable

17,353

 

55,611

    

  Net assets available for benefits

$  25,007,751

 

$  22,866,929

























The accompanying notes are an integral part of these financial statements.





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ExxonMobil Fuels Marketing Savings Plan




STATEMENT OF CHANGES IN NET ASSETS

AVAILABLE FOR BENEFITS


YEAR ENDED DECEMBER 31, 2004



Contributions

   

  Participant contributions

  

$  2,097,828

  Employer contributions

  

2,703,563

    Total contributions

  

4,801,391

    

Investment income

   

  Interest and dividends

  

183,822

  Net appreciation

   

    in fair value of investments (see note 3)

  

1,390,047

      Net investment income

  

1,573,869

    

Deductions

   

  Benefit payments

  

(3,924,811)

  Expenses

  

(259,796)

  Plan transfer

  

(49,831)

    Total deductions

  

(4,234,438)

    

      Net increase

  

2,140,822

    

Net assets available for benefits

   

  Beginning of year

  

22,866,929

    

  End of year

  

$  25,007,751














The accompanying notes are an integral part of these financial statements.





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ExxonMobil Fuels Marketing Savings Plan




NOTES TO FINANCIAL STATEMENTS



NOTE 1 - DESCRIPTION OF THE PLAN


General

The following description provides general information for the ExxonMobil Fuels Marketing Savings Plan (the Plan).  Participants should refer to the Plan document for a more complete description of the Plan's provisions.  The Plan is a defined contribution plan established to provide savings and retirement benefits for certain qualified employees of ExxonMobil Fuels Marketing Company, a division of Exxon Mobil Corporation (the Company), employed in its company operated retail store operations and for certain qualified employees at the Olathe, KS grease plant.


Contributions

Contributions to the Plan are made by both the participant and the Company.  Participants may contribute any whole percentage, up to 20% of their eligible pay.  Participants may also make a rollover contribution from other qualified plans or rollover IRA.  Generally, for eligible participants, the Company matches contributions at one dollar for each pretax dollar contributed up to the first 4.5% of eligible pay.  For eligible participants covered by a collective bargaining agreement, the Company provides a 100% match, up to 4% of eligible pay.  Employees who are at least age 50 at the end of the Plan year may elect to make additional pretax contributions up to limits defined in the Plan.


Vesting

Participants are immediately vested in their contributions and earnings thereon.  Company contributions and earnings thereon vest at 100% after 3 years of qualifying service or, if the participant is employed by the Company, on or after age 65 or upon death while an employee.


Plan transfer

During 2004, certain employees became eligible to enroll in the ExxonMobil Savings Plan.  Some of these employees transferred their accounts from the ExxonMobil Fuels Marketing Savings Plan.  The aggregate amount transferred totaled $49,831.


Forfeitures

During 2004 and 2003, $79,537 and $252,280, respectively, were forfeited by terminating employees and used to offset employer contributions.


Plan Termination

The Company may terminate or amend the Plan at any time.  In the event of termination, the net assets of the Plan will be distributed in accordance with the Employee Retirement Income Security Act of 1974.


Other Plan Provisions

Other Plan provisions including eligibility, enrollment, participation, forfeiture, loans, withdrawals, distributions, and investment options are described in the Plan document.






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Recordkeeping and Investment Management

On July 1, 2004, the Plan recordkeeping function was transferred from Merrill Lynch Trust Company, FSB (Merrill Lynch) to CitiStreet LLC, and State Street Bank and Trust became the trustee.  Concurrently, investment management was transferred from Merrill Lynch and Barclays Global Investors, N.A. to the Company, State Street Global Advisors and The Northern Trust Company.  The Plan offers a variety of investment options described in the Summary Plan Description.



NOTE 2 - SIGNIFICANT ACCOUNTING POLICIES


Basis of Accounting

The accompanying financial statements are presented on the accrual basis of accounting except benefit payments which are reported on a cash basis to conform with generally accepted accounting principles.


Investment Valuation and Income Recognition

Investment income is recorded when earned.  Investments are stated at fair value based upon market quotations as determined by the trustee.  Interest earned on the money market deposits and the change in the value of the investments are allocated daily to the individual employee accounts on the basis of the participant's account balance.  Investments are subject to normal risks associated with international and domestic debt and equity markets.


Net appreciation and net depreciation in the current value of investments includes realized gains and losses on investments sold or disposed of during the year and unrealized gains and losses on investments held at year end.  Purchases and sales of securities are recorded on the trade date.  Dividends are recorded on the ex-dividend date.


Participant loans represent the outstanding principal balances of the loans and are valued at cost, which approximates current value.


Use of Estimates

The preparation of financial statements in conformity with generally accepted accounting principles requires management to make estimates and assumptions that affect the reported amounts of assets available for benefits and liabilities and disclosure of contingent liabilities at the date of the financial statements and the reported amounts of changes in net assets available for benefits during the reporting period.  Actual results could differ from those estimates.


Expenses

Administrative expenses incurred in the administration of the Plan, to the extent not paid by the Company, are charged to and paid from the Plan's assets.  Administrative expenses are recorded when incurred.  Investment management fees are netted against investment income.













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NOTE 3 - INVESTMENTS


The following presents investments that represent 5 percent or more of the Plan's net assets available for benefits.


 

December 31,

 

 2004

 

 2003

    

State Street Short Term Investment Fund

$    9,961,628

  

Northern Trust S&P 500 Stock Fund

4,249,559

  

Northern Trust Small Cap Stock Fund

1,815,698

  

Northern Trust Bond Fund

2,079,727

  

Northern Trust Balanced Fund

4,485,086

  

Participant Loans

1,417,894

  

Merrill Lynch Money Market Fund

  

$    9,314,594

Barclays Global Bond Fund

  

1,267,349

Barclays Global Extended Market Fund

  

1,401,260

Barclays Global S&P 500 Stock Fund

  

3,727,040

Barclays Global Lifepath 2020 Fund

  

1,573,915

Barclays Global Lifepath 2030 Fund

  

2,117,836



During 2004, the Plan's investments (including gains and losses on investments bought and sold, as well as held during the year) appreciated in value by $1,390,047 as follows:


S&P 500 Funds

$       411,793

Bond Funds

78,255

International Funds

133,229

Small Cap - Extended Market Funds

271,674

Balanced Funds

495,096

  
 

$    1,390,047



NOTE 4 - INCOME TAX STATUS


The Internal Revenue Service has determined and informed the Plan administrators by letter dated October 17, 2002 that the Plan is qualified and the trust is exempt under the appropriate sections of the Internal Revenue Code (IRC).  The Plan has been amended since receiving the determination letter.  However, counsel for ExxonMobil believes that the Plan is currently designed and is being operated in compliance with the applicable requirements of the IRC.












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ExxonMobil Fuels Marketing Savings Plan




Schedule H Line 4i - SCHEDULE OF ASSETS (HELD AT END OF YEAR)



(a)

(b)

(c)

(e)

 

identity of issue

description of investment

Current value

    

*

State Street

Money Market Fund

$    9,961,628

*

Northern Trust

Bond Fund

2,079,727

*

Northern Trust

Small Cap Fund

1,815,698

*

Northern Trust

International Stock Fund

807,673

*

Northern Trust

S&P 500 Stock Fund

4,249,559

*

Northern Trust

Balanced Fund

4,485,086

*

Participant loans

maturities ranging from

1 month to 174 months

interest rates ranging from

4.00% to 9.50 %

1,417,894

    
 

  Total

 

$  24,817,265


























* indicates a party-in-interest to the Plan





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ExxonMobil Fuels Marketing Savings Plan




Schedule H Line 4j - Schedule of Reportable Transactions

for the year ended December 31, 2004



(a)

identity of

party involved

(b)

description

of asset

(c)

total value

of purchase


Single Transactions in Excess of 5%

   

State Street

Short Term Fund

$  10,108,739

Northern Trust

Balanced Fund

4,109,216

Northern Trust

Equity Fund

3,936,697

Northern Trust

Equity Fund

1,571,877

Northern Trust

Bond Fund

2,029,679



(a)


identity of

party involved

(b)


description

of asset

(d)


total value

of sale

(g)


cost

of asset

(i)

net

gain/(loss) on

transaction


Single Transactions in Excess of 5%

     

Merrill Lynch

Short Term Fund

$  10,108,981

$  10,108,990

($9)

Barclays Global

Balanced Fund

2,080,820

1,509,038

571,782

Barclays Global

Balanced Fund

1,518,774

1,286,641

232,133

Barclays Global

Equity Fund

3,936,699

3,535,119

401,580

Barclays Global

Equity Fund

1,571,878

1,197,637

374,241

Barclays Global

Bond Fund

1,214,900

1,040,786

174,114



















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ExxonMobil Fuels Marketing Savings Plan




Schedule H Line 4j - Schedule of Reportable Transactions

for the year ended December 31, 2004



(a)

identity of

party involved

(b)

description

of asset

total

number

of purchases

(c)

total value

of purchases


Series of Transactions in Excess of 5%

    

Barclays Global

Equity Fund

103

$       498,616

Barclays Global

Equity Fund

72

183,952

Barclays Global

Bond Fund

63

152,766

Barclays Global

Balanced Fund

51

129,563

Barclays Global

Balanced Fund

56

73,291

Merrill Lynch

Short Term Fund

162

2,513,632

Northern Trust

Equity Fund

36

4,438,541

Northern Trust

Equity Fund

30

1,785,891

Northern Trust

Bond Fund

25

2,291,536

Northern Trust

Balanced Fund

25

4,424,677

State Street

Short Term Fund

23

21,499,112



(a)


identity of

party involved

(b)


description

of asset


total

number

of sales

(d)


total value

of sales

(g)


cost

of asset

(i)

net

gain/(loss) on

transactions


Series of Transactions in Excess of 5%

      

Barclays Global

Equity Fund

140

$    4,349,602

$    3,911,080

$     438,522

Barclays Global

Equity Fund

62

1,667,473

1,278,338

389,135

Barclays Global

Bond Fund

93

1,414,977

1,207,944

207,033

Barclays Global

Balanced Fund

50

1,739,241

1,460,720

278,521

Barclays Global

Balanced Fund

85

2,246,413

1,632,966

613,447

Merrill Lynch

Short Term Fund

365

11,828,956

11,828,966

(10)

Northern Trust

Equity Fund

59

474,427

476,682

(2,255)

Northern Trust

Equity Fund

47

158,636

157,363

1,273

Northern Trust

Bond Fund

57

293,980

288,018

5,962

Northern Trust

Balanced Fund

56

316,130

306,232

9,898

State Street

Short Term Fund

134

11,605,728

11,605,728

 








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Report of Independent Registered Public Accounting Firm




To the Participants and Administrator of the ExxonMobil Fuels Marketing Savings Plan


In our opinion, the accompanying statements of net assets available for benefits and the related statement of changes in net assets available for benefits present fairly, in all material respects, the net assets available for benefits of the ExxonMobil Fuels Marketing Savings Plan (the "Plan") at December 31, 2004 and 2003, and the changes in net assets available for benefits for the year ended December 31, 2004, in conformity with accounting principles generally accepted in the United States of America.  These financial statements are the responsibility of the Plan's management.  Our responsibility is to express an opinion on these financial statements based on our audits.  We conducted our audits of these statements in accordance with the standards of the Public Company Accounting Oversight Board (United States).  Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement.  An audit includes examining, on a test basis, evidence supporting the amounts and disclosures in the financial statements, assessing the accounting principles used and significant estimates made by management, and evaluating the overall financial statement presentation.  We believe that our audits provide a reasonable basis for our opinion.


Our audits were conducted for the purpose of forming an opinion on the basic financial statements taken as a whole.  The supplemental schedules of assets (held at end of year) and of reportable transactions are presented for the purpose of additional analysis and are not a required part of the basic financial statements but are supplementary information required by the Department of Labor's Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974.  These supplemental schedules are the responsibility of the Plan's management.  The supplemental schedules have been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, are fairly stated in all material respects in relation to the basic financial statements taken as a whole.



PricewaterhouseCoopers LLP

Houston, Texas

June 10, 2005


















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SIGNATURE




Pursuant to the requirements of the Securities Exchange Act of 1934, the trustees (or other persons who administer the Plan) have duly caused this Annual Report to be signed by the undersigned hereunto duly authorized.





ExxonMobil Fuels Marketing Savings Plan

(Name of Plan)



 

                                                                                           /s/  C. M. FitzGerald

___________________________________

C. M. FitzGerald

Administrator-Finance


Dated:  June 10, 2005
































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EXHIBIT INDEX




EXHIBIT

SUBMISSION MEDIA


23.

Consent of PricewaterhouseCoopers LLP,

Electronic

Independent Registered Public Accounting Firm

Dated June 10, 2005












































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