ExxonMobil Savings Plan 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, 2008



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 and the address of the plan, if different from

that of the issuer named below:


EXXONMOBIL 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 SAVINGS PLAN




INDEX





 

Page

 

 

Financial Statements

 

 

 

         Statements of Net Assets Available for Benefits          

3

 

 

         Statement of Changes in Net Assets Available for Benefits         

4

 

 

         Notes to Financial Statements

5-9

 

 

Supplemental Schedule

 

 

 

         Schedule H, Line 4i - Schedule of Assets (Held At End of Year)         

10-12

 

 

Report of Independent Registered Public Accounting Firm

13

 

 

Signature

14

 

 

Exhibit Index

15

 

 

Exhibit 23 - Consent of Independent Registered Public Accounting Firm

16























-2-





EXXONMOBIL SAVINGS PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

(millions of dollars)




 

 

December 31,

 

 

 

 

 

 

 

 

2008

 

 

2007


Assets

 

 

 

 

 

 

 

 

 

 

 

Investments, at fair value (Note 7):

 

 

 

 

 

 

 

 

 

 

 

   Exxon Mobil Corporation common stock

$

13,999

 

$

16,979

 

 

 

 

 

 

   Other investments

 

5,706

 

 

7,729

 

 

 

 

 

 

       Total investments

 

19,705

 

 

24,708

 

 

 

 

 

 

 

 

 

 

 

 

Accrued interest

 

11

 

 

12

 

 

 

 

 

 

Other receivables

 

5

 

 

114

 

 

 

 

 

 

           Total assets

 

19,721

 

 

24,834

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

Payables and accrued liabilities

 

39

 

 

29

 

 

 

 

 

 

Payable for cash collateral on securities loaned

 

264

 

 

610

 

 

 

 

 

 

           Total liabilities

 

303

 

 

639

 

 

 

 

 

 

Net assets available for benefits

$

19,418

 

$

24,195













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







-3-





EXXONMOBIL SAVINGS PLAN

STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS

FOR THE YEAR ENDED DECEMBER 31, 2008

(millions of dollars)




Additions:

 

 

 

 

 

 

 

 

 

   Contributions:

 

 

 

 

 

 

 

 

 

      Employer

 

$

239

 

      Participant

 

 

395

 

      Transfers-in at fair value

 

 

8

 

 

 

 

 

 

          Total contributions

 

 

642

 

 

 

 

 

 

   Investment income:

 

 

 

 

 

 

 

 

 

      Interest

 

 

131

 

      Dividends

 

 

277

 

      Net depreciation in fair value of investments (Note 6)

 

 

(3,972

)

 

 

 

 

 

           Net investment income/(loss)

 

 

(3,564

)

 

 

 

 

 

               Total additions/(deductions)

 

 

(2,922

)

 

 

 

 

 

Deductions:

 

 

 

 

 

 

 

 

 

   Benefit payments

 

 

(1,855

)

 

 

 

 

 

              Total deductions

 

 

(1,855

)

 

 

 

 

 

                  Net decrease

 

 

(4,777

)

 

 

 

 

 

Net assets available for benefits:

 

 

 

 

 

 

 

 

 

   Beginning of year

 

 

24,195

 

 

 

 

 

 

   End of year

 

$

19,418

 

 




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






-4-




EXXONMOBIL SAVINGS PLAN



NOTES TO FINANCIAL STATEMENTS



Note 1:  Description of the Plan


General


Active participants in the ExxonMobil Savings Plan ("Plan") are eligible employees of Exxon Mobil Corporation ("ExxonMobil" or "Company") and certain affiliated employers.  The terms and conditions of the Plan are contained in the ExxonMobil Common Provisions document, the ExxonMobil Savings Plan document, and the ExxonMobil Savings Trust document (collectively, the "Plan Document").  The Plan is an "employee pension benefit plan" described in Section 3(2) of the Employee Retirement Income Security Act of 1974 ("ERISA") and also a "defined contribution plan" described in Section 3(34) of ERISA.  In addition, effective February 8, 2002, the entire Plan was designated an Employee Stock Ownership Plan ("ESOP"), designed to invest primarily in employer securities.


Contributions


The Plan permits participant contributions that range from 6% to 20% of each participant’s eligible pay.  The Company matches only the minimum 6% contribution in an amount equal to 7% of participant’s eligible pay.


Employees who are at least age 50 during the plan year and who maximize their before-tax contributions may elect to make additional pretax contributions.  


Vesting


Participants are immediately vested in their contributions and all earnings.  Company contributions vest at 100% upon the earliest of completion of 3 years of vesting service, reaching age 65 while employed, or upon death while an employee.


Forfeitures


During 2008, employer contributions totaling $0.6 million were forfeited by terminating employees and used to offset future employer contributions.


Other Plan Provisions


Other Plan provisions including eligibility, enrollment, participation, forfeiture, loans, benefit payments (including withdrawals and distributions), and investment options are described in the Plan Document.


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 ERISA.




-5-




EXXONMOBIL SAVINGS PLAN



NOTES TO FINANCIAL STATEMENTS





Note 2:  Summary of Significant Accounting Policies


Basis of Accounting


The financial statements of the Plan are presented on the accrual basis. Benefit payments are reported when paid.


Investment Valuation and Income Recognition


Investments are stated at fair value as described in Note 7.  


Under the terms of its trust agreement, the Plan engaged in an authorized form of security lending activities during the years ended December 31, 2008 and 2007.  In accordance with the Securities Lending Agreement, the market value of the collateral held is required to be 100% of the market value of government securities lent and 102% for all other securities lent.  The fair value of ExxonMobil Common Assets fund securities on loan was $257 million and $633 million, at December 31, 2008 and 2007, respectively.  The securities on loan are reflected in the Statement of Net Assets Available for Benefits and the Schedule of Assets (Held at End of Year) at December 31, 2008 and 2007.  The value of cash collateral obtained and reinvested in short term investments is reflected as a liability on the Plan’s financial statements.


Purchases and sales of securities are recorded on a trade-date basis.  Dividends are recorded on the ex-dividend date.


Net appreciation and 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.


The Plan is subject to normal risks associated with international and domestic debt and equity markets, including the investment in ExxonMobil common stock.


Transfers-in include participant-initiated rollovers of certain distributions from other tax-qualified plans into the Plan.   


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.


Reclassifications

Amounts in "Other investments" and "Payable for cash collateral on securities loaned" for 2007 in the Statement of Net Assets Available for Benefits have been reclassified to conform to the 2008 presentation.  The changes are not material.





-6-




EXXONMOBIL SAVINGS PLAN



NOTES TO FINANCIAL STATEMENTS





Note 3:  Party-in-Interest Transactions


During 2008, certain Plan investments were units of various funds managed by The Northern Trust Company.  The Northern Trust Company also provided custodial services to the Plan during the plan year and, therefore, purchases and sales of these investments qualified as party-in-interest transactions.



Note 4:  Tax Status


The Internal Revenue Service has determined and informed the Plan administrators by a letter dated November 14, 2002, that the Plan is qualified and the trusts established under the Plan are tax-exempt, under the appropriate sections of the Internal Revenue Code.  The Plan has been amended since receiving the determination letter. However, counsel for the Company believes that these amendments have not adversely affected the Plan's qualified status and the related trust's tax-exempt status as of the financial statement date.



Note 5:  Expenses


Investment income from all sources is stated net of administrative expenses, which include brokerage fees on purchases and sales of ExxonMobil common stock and management fees.  Plan administration expenses, to the extent not paid by the Company, are charged to and paid from the Plan's assets.  Administrative expenses are recorded when incurred.



Note 6:  Investments


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


 

(millions of dollars)

 

December 31,

 

December 31,

 

2008

 

2007


Exxon Mobil Corporation

 

 

 

common stock, 175 and 181

 

 

 

million shares, respectively

$13,999

 

$16,979

 

 

 

 

NTGI-QM Coltv Daily S&P 500

 

 

 

Equity Index Fund, 516 and 532

 

 

 

thousand units, respectively

1,304

 

2,158




-7-




EXXONMOBIL SAVINGS PLAN



NOTES TO FINANCIAL STATEMENTS



Note 6:  Investments (continued)


During 2008, the Plan's investments (including gains and losses on investments bought and sold, as well as held during the year) depreciated in value by $3,972 million as follows:


 

 

(millions $)


 

ExxonMobil common stock

(2,459

)

 

Common collective trusts

(1,528

)

 

U.S. Government securities

28

 

 

Corporate debentures

(9

)

 

Other

(4

)

 

 

 

 

 

 

($3,972

)






-8-




EXXONMOBIL SAVINGS PLAN



NOTES TO FINANCIAL STATEMENTS




Note 7:  Assets Measured at Fair Value on a Recurring Basis


FASB Statement No. 157, Fair Value Measurements (FAS 157), establishes a framework for measuring fair value. That framework provides a fair value hierarchy that prioritizes the inputs to valuation techniques used to measure fair value.  “Level 1” and “Level 2” are accounting terms that refer to different methods of valuing assets.  The terms do not reflect any judgment concerning relative risk or credit quality.


The following table sets forth by level, within the fair value hierarchy, the Plan's assets at fair value:


 

Fair Value Measurements at

December 31, 2008 Using


(millions of $)

 

 

Quoted Prices in Active Markets for Identical Assets

Significant Other Observable Inputs

 

12/31/2008

 

 

 

Description of investments

Value

 

(Level 1)

(Level 2)

 

 

 

 

 

ExxonMobil Common Stock

$13,999

 

$13,999

 

ExxonMobil Common Assets:

 

 

 

 

       Fixed Income

2,366

 

 

$2,366

       Short Term Investments

416

 

416

 

       Core USA Collateral Fund

264

 

264

 

NTGI S&P 500 Fund

1,304

 

1,304

 

NTGI Small & Mid Cap Fund

628

 

628

 

NTGI EAFE Fund

460

 

460

 

NTGI Aggregate Bond Fund

268

 

268

 

 

 

 

 

 

   Total

$19,705

 

$17,339

$2,366



Fair value for assets within the Plan is determined based on the market approach.  For ExxonMobil common stock, fair value is calculated based on observable quoted prices on an active exchange.  For fixed income assets included in ExxonMobil Common Assets, fair value is determined based on observable inputs of comparable market transactions except for loans to Plan participants, which are valued at cost that approximates current value.  For short term investments and the Core USA collateral fund included in ExxonMobil Common Assets, fair value is a constant value for each fund.  For NTGI collective funds, fair value reflects the net asset value of each fund.


For the fiscal year ending December 31, 2008, fair value for all investments held within the Plan was based on observable inputs as defined by FAS 157.




-9-



SCHEDULE H


EXXONMOBIL SAVINGS PLAN

SCHEDULE H, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2008


IDENTITY OF ISSUE

DESCRIPTION OF INVESTMENT

COST

CURRENT

 

   coupon

      maturity

   par/units

**

VALUE

 

 

 

(000’s)

 

($000’s)

 

 

 

 

 

 

U.S. GOVERNMENT SECURITIES

 

 

 

 

 

 

 

 

 

CITIGROUP INC GTD NT

2.875%

12/9/2011

10,000

 

$    10,312

FED HOME LOAN MTG CORP DEB

5.750%

3/15/2009

25,000

 

25,273

FED HOME LOAN MTG CORP DEB

6.625%

9/15/2009

15,000

 

15,621

FED HOME LOAN MTG CORP DEB

4.125%

7/12/2010

27,500

 

28,587

FED HOME LOAN MTG CORP NT

6.875%

9/15/2010

14,700

 

16,031

FED HOME LOAN MTG CORP NT

4.125%

10/18/2010

7,300

 

7,683

FED HOME LOAN MTG CORP PREASSIGN

5.250%

5/21/2009

35,000

 

35,645

FED HOME LOAN MTG CORP PREASSIGN

5.125%

8/23/2010

7,000

 

7,455

FED HOME LOAN MTG CORP PREASSIGN

3.250%

2/25/2011

20,000

 

20,797

FED HOME LOAN MTG CORP PREASSIGN 

5.125%

4/18/2011

55,000

 

59,404

FEDERAL FARM CR BANK

4.125%

4/15/2009

10,000

 

10,109

FEDERAL FARM CR BANK

4.750%

5/7/2010

65,000

 

68,392

FEDERAL FARM CR BANK

5.250%

9/13/2010

20,000

 

21,378

FEDERAL FARM CR BANK

3.750%

12/6/2010

90,000

 

94,275

FEDERAL FARM CR BANK

3.500%

10/3/2011

10,000

 

10,535

FEDERAL HOME LOAN BANK BD

5.250%

6/12/2009

25,000

 

25,541

FEDERAL HOME LOAN BANK BD

5.000%

12/11/2009

15,000

 

15,609

FEDERAL HOME LOAN BANK BD

4.875%

3/12/2010

3,220

 

3,377

FEDERAL HOME LOAN BANK BD

5.250%

6/11/2010

27,810

 

29,548

FEDERAL HOME LOAN BANK BD

4.375%

9/17/2010

22,000

 

23,233

FEDERAL HOME LOAN BANK BD

4.375%

10/22/2010

2,500

 

2,641

FEDERAL HOME LOAN BANK BD

3.375%

6/24/2011

25,000

 

26,161

FEDERAL HOME LOAN BANK BD

3.625%

7/1/2011

45,000

 

47,551

FEDERAL HOME LOAN BANK BD

3.625%

9/16/2011

25,000

 

26,453

FEDERAL HOME LOAN BANK PREASSIGN

5.000%

10/13/2011

10,000

 

10,956

FEDERAL HOME LOAN BANK PREASSIGN 

5.375%

8/19/2011

15,000

 

16,483

FEDERAL NATL MTG ASSN

6.625%

9/15/2009

3,000

 

3,123

FEDERAL NATL MTG ASSN

7.250%

1/15/2010

10,000

 

10,678

FEDERAL NATL MTG ASSN

7.125%

6/15/2010

64,000

 

69,412

FEDERAL NATL MTG ASSN

4.250%

8/15/2010

10,000

 

10,519

FEDERAL NATL MTG ASSN

5.500%

3/15/2011

25,000

 

27,334

FEDERAL NATL MTG ASSN

6.000%

5/15/2011

40,000

 

44,211

FEDERAL NATL MTG ASSN PREASSIGN

4.375%

9/13/2010

22,000

 

23,224

FEDERAL NATL MTG ASSN PREASSIGN

5.125%

4/15/2011

60,000

 

64,901

FEDERAL NATL MTG ASSN PREASSIGN

5.375%

11/15/2011

30,000

 

33,143

GEN ELEC CAP CORP MED TERM SR NTS

3.000%

12/9/2011

10,000

 

10,338

US SAVINGS BONDS SER EE

4.280%

3/1/2038

87,418

 

89,079

US SAVINGS BONDS SER I

5.920%

10/1/2031

151,480

 

228,432

US SAVINGS BONDS SER I

2.570%

10/1/2032

79,740

 

106,868

US SAVINGS BONDS SER I

4.080%

1/1/2033

153,860

 

202,172

US SAVINGS BONDS SER I

4.280%

2/1/2038

174,836

 

180,728

 

 

 

 

 

 

   TOTAL U.S. GOVERNMENT SECURITIES

 

 

 

 

$1,763,212


-10-



SCHEDULE H


EXXONMOBIL SAVINGS PLAN

SCHEDULE H, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2008


IDENTITY OF ISSUE

DESCRIPTION OF INVESTMENT

COST

CURRENT

 

   coupon

      maturity

   par/units

**

VALUE

 

 

 

(000’s)

 

($000’s)

 

 

 

 

 

 

CORPORATE DEBT INSTRUMENTS

 

 

 

 

 

 

 

 

 

AMERN EXPRESS CR A/C MSTR TR 2004-3

4.350%

12/15/2011

19,595

 

$     19,465

BMW VEH OWNER TR 2006-A

5.130%

9/25/2010

10,446

 

10,409

CAPITAL ONE AUTO FIN TR 2006-A

5.330%

11/15/2010

849

 

846

CAPITAL ONE AUTO FIN TR 2006-C

5.070%

7/15/2011

3,587

 

3,477

CAPITAL ONE PRIME AUTO REC TR

4.980%

9/15/2010

13,489

 

13,453

CHASE AUTO OWNER TR 2006-A

5.340%

7/15/2010

1,019

 

1,017

CHASE AUTO OWNER TR 2006-A

5.360%

1/15/2013

10,000

 

9,788

CHASE AUTO OWNER TR 2006-B

5.130%

5/15/2011

3,625

 

3,611

CHASE ISSUANCE TR

4.960%

9/17/2012

12,000

 

11,561

CITIBANK CR CD ISSNCE TR 2006-A2

4.850%

2/10/2011

40,000

 

39,981

HARLEY-DAVIDSON MTR TR 2004-2

3.560%

2/15/2012

5,930

 

5,740

HARLEY-DAVIDSON MTR TR 2005-2

4.070%

2/15/2012

5,360

 

5,230

HARLEY-DAVIDSON MTR TR 2005-3

4.410%

6/15/2012

13,985

 

13,757

HARLEY-DAVIDSON MTR TR 2006-2

5.350%

3/15/2013

8,209

 

7,988

HARLEY-DAVIDSON MTR TR 2006-3

5.240%

1/15/2012

1,859

 

1,848

HARLEY-DAVIDSON MTR TR 2007-1

5.220%

3/15/2012

6,000

 

5,940

HARLEY-DAVIDSON MTR TR 2007-2

5.100%

5/15/2012

6,000

 

5,958

HARLEY-DAVIDSON MTR TR 2007-3

5.520%

11/15/2013

4,000

 

3,766

HONDA AUTO REC 2006-1 TR NT

5.070%

2/18/2010

347

 

346

HONDA AUTO REC 2006-2 OWNER TR

5.300%

7/21/2010

5,372

 

5,364

HONDA AUTO REC 2006-3 OWNER TR

5.120%

10/15/2010

4,914

 

4,878

HONDA AUTO REC 2006-3 OWNER TR

5.110%

4/15/2012

5,000

 

4,776

HONDA AUTO REC 2007-1 OWNER TR

5.100%

3/18/2011

11,625

 

11,569

HONDA AUTO REC 2007-2 OWNER TR

5.410%

11/23/2009

91

 

91

HONDA AUTO REC 2007-2 OWNER TR

5.460%

5/23/2011

4,000

 

3,987

HSBC AUTOMOTIVE TR 2005-2

4.550%

7/17/2012

9,000

 

8,475

HSBC AUTOMOTIVE TR USA 2006-1

5.430%

6/17/2011

7,999

 

7,727

HSBC AUTOMOTIVE TR USA 2006-2

5.610%

8/17/2011

5,635

 

5,435

M&I AUTO LN TR 2005-1 NT

4.860%

3/21/2011

9,432

 

9,292

MBNA CR CARD MASTER NT TR

4.900%

7/15/2011

40,000

 

39,945

NISSAN AUTO REC GRANTOR TR

4.310%

3/15/2011

22,282

 

22,041

NISSAN AUTO RECEIVABLES 2006-A

4.740%

9/15/2009

453

 

453

NISSAN AUTO RECEIVABLES 2006-B

5.160%

2/15/2010

3,037

 

3,035

NISSAN AUTO RECEIVABLES 2006-C

5.440%

4/15/2010

4,862

 

4,860

NISSAN AUTO RECEIVABLES 2007-B

5.030%

5/16/2011

4,000

 

3,935

USAA AUTO OWNER TR 2005-3

4.630%

5/15/2012

4,331

 

4,257

USAA AUTO OWNER TR 2006-1

5.010%

9/15/2010

1,860

 

1,856

USAA AUTO OWNER TR 2006-2

5.320%

9/15/2010

1,573

 

1,571

USAA AUTO OWNER TR 2006-3

5.360%

2/15/2011

6,452

 

6,436

USAA AUTO OWNER TR 2006-4

5.010%

6/15/2011

10,169

 

10,102

USAA AUTO OWNER TR 2007-1

5.400%

4/15/2010

495

 

495

USAA AUTO OWNER TR 2007-1

5.430%

10/17/2011

5,000

 

4,944

USAA AUTO OWNER TR 2007-2

4.900%

2/15/2012

6,000

 

5,928

VOLKSWAGEN AUTO LEASE 2006-A

5.500%

9/21/2009

569

 

570


-11-



SCHEDULE H


EXXONMOBIL SAVINGS PLAN

SCHEDULE H, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2008


IDENTITY OF ISSUE

DESCRIPTION OF INVESTMENT

COST

CURRENT

 

   coupon

      maturity

   par/units

**

VALUE

 

 

 

(000’s)

 

($000’s)

 

 

 

 

 

 

 

VOLKSWAGEN AUTO LEASE 2006-A

5.540%

4/20/2011

20,000

 

$       19,996

VOLKSWAGEN AUTO LN ENHNCD 2007-1

5.200%

1/20/2010

8,010

 

7,992

WACHOVIA AUTO LN OWNER TR 2007-1

5.290%

4/20/2012

10,000

 

9,551

WACHOVIA AUTO OWNER TR 2004-1

4.840%

4/20/2011

11,581

 

11,481

WACHOVIA AUTO OWNER TR 2006-A

5.350%

2/22/2011

2,810

 

2,805

WACHOVIA AUTO OWNER TR 2007-A

5.390%

9/20/2011

6,000

 

5,929

WACHOVIA AUTO OWNER TR 2007-A

5.380%

4/20/2010

297

 

297

WELLS FARGO AUTO OWNER TR 2005-A

4.280%

5/15/2012

20,724

 

20,173

 

 

 

 

 

 

   TOTAL CORPORATE DEBT INSTRUMENTS

 

$     414,427

 

 

 

 

 

 

 

 

 

 

*PARTICIPANT LOANS

4.0% to 11.50%

Maturity from 1 to 207 months

$     187,954

 

 

 

 

 

COMMON COLLECTIVE TRUSTS

 

 

 

 

 

 

 

 

 

*NTGI-QM COLTV DAILY S&P 500 EQUITY

 

 

516

 

  $  1,303,604

   INDEX FUND

 

 

 

 

 

*NTGI-QM COLTV DAILY SMALLCAP EQUITY

 

3,604

 

628,244

   INDEX FUND

 

 

 

 

 

*NTGI-QM COLTV DAILY EAFE INDEX

 

 

1,774

 

460,285

   FUND

 

 

 

 

 

*NTGI-QM COLTV DAILY AGGREGATE

 

 

707

 

267,527

   BOND FUND

 

 

 

 

 

 

 

 

 

 

 

      TOTAL COMMON COLLECTIVE TRUSTS

 

 

 

 

   $  2,659,660

 

 

 

 

 

 

REGISTERED INVESTMENT COMPANIES

 

 

 

 

 

 

 

 

 

 

 

*MFB NORTHERN INSTL FDS GOVT SELECT

 

 

$     416,444

 

 

 

 

 

 

OTHER

 

 

 

 

 

 

 

 

 

 

 

*CORE USA COLLATERAL FUND

 

 

 

 

$     263,739

*CORE USA SUB-FUND

 

 

7

 

  46

 

 

 

 

 

 

     TOTAL OTHER

 

 

 

 

$     263,785

 

 

 

 

 

 

COMMON STOCK

 

 

 

 

 

 

 

 

 

 

 

*EXXON MOBIL CORPORATION

 

 

175,378

 

$13,999,499

 

 

 

 

 

TOTAL ASSETS HELD FOR INVESTMENT PURPOSES

 

 

 

$19,704,981


* Party-in-interest as defined by ERISA

** Cost information is not required for participant-directed investments and, therefore, is not included.


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Report of Independent Registered Public Accounting Firm



To the Participants and Administrators of the ExxonMobil 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 Savings Plan (the “Plan”) at December 31, 2008 and 2007, and the changes in net assets available for benefits for the year ended December 31, 2008, 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 schedule of assets (held at end of year) as of December 31, 2008 is presented for the purpose of additional analysis and is not a required part of the basic financial statements but is 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.  This supplemental schedule is the responsibility of the Plan's management.  The supplemental schedule has been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, is fairly stated in all material respects in relation to the basic financial statements taken as a whole.



PricewaterhouseCoopers LLP

Houston, Texas

June 24, 2009













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SIGNATURE




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





ExxonMobil Savings Plan




/s/ Joel P. Webb                                     


Joel P. Webb

Administrator-Accounting



Dated:  June 24, 2009

































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EXHIBIT INDEX




EXHIBIT

SUBMISSION MEDIA


23.

Consent of PricewaterhouseCoopers LLP,

Electronic

Independent Registered Public Accounting Firm

Dated June 24, 2009















































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