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 year ended December 31, 2000
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
EXXONMOBIL SAVINGS PLAN
(Full title of the plan)
EXXON MOBIL CORPORATION
(Name of issuer of the securities)
5959 Las Colinas Boulevard
Irving, Texas 75039-2298
(Address of principal executive office)
EXXONMOBIL SAVINGS PLAN
INDEX
Page
-----
Financial Statements
Statement of Net Assets Available for Benefits at
December 31, 2000 and 1999 3-4
Statement of Changes in Net Assets
Available for Benefits, for the
Year ended December 31, 2000 5
Notes to Financial Statements 6-10
Supplemental Schedule
Schedule H, Line 4i-Schedule of Assets Held for
Investment Purposes at December 31, 2000 (Exhibit 1) 11-18
Report of Independent Accountants 19
Signature 20
Exhibit Index 21
Exhibit 23 - Consent of Independent Accountants 22
-2-
EXXONMOBIL SAVINGS PLAN
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS
December 31, 2000
(millions of dollars)
Participant Non-Participant
Directed Directed Total
----------- --------------- -------
Assets
Investments, at fair value:
(See Note 8)
Exxon Mobil Corp common stock $ 9,326 $1,566 $10,892
Other investments 6,457 - 6,457
------- ------ -------
Total investments 15,783 1,566 17,349
Cash - 6 6
Amounts due from employers - 194 194
Amounts due from employees 2 - 2
Accrued interest 24 - 24
Other receivables 3 - 3
------- ------ -------
Total assets 15,812 1,766 17,578
------- ------ -------
Liabilities
Payables and accrued liabilities 11 4 15
Commercial paper payable - 211 211
Long-term notes payable - 180 180
------- ------ -------
Total liabilities 11 395 406
------- ------ -------
Net assets available
for benefits $15,801 $1,371 $17,172
======= ====== =======
The accompanying notes are an integral part of these financial statements.
-3-
EXXONMOBIL SAVINGS PLAN
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS
December 31, 1999
(millions of dollars)
Participant Non-Participant
Directed Directed Total
----------- --------------- -------
Assets
Investments, at fair value:
(See Note 8)
Exxon Mobil Corp common stock $9,556 $1,737 $11,293
Other investments 7,170 - 7,170
------- ------ -------
Total investments 16,726 1,737 18,463
Cash 2 - 2
Amounts due from employers - 165 165
Amounts due from employees 13 - 13
Accrued interest 31 - 31
Other receivables 6 - 6
------- ------ -------
Total assets 16,778 1,902 18,680
------- ------ -------
Liabilities
Payables and accrued liabilities 3 12 15
Commercial paper payable - 171 171
Long-term notes payable - 266 266
------- ------ -------
Total liabilities 3 449 452
------- ------ -------
Net assets available
for benefits $16,775 $1,453 $18,228
======= ====== =======
The accompanying notes are an integral part of these financial statements.
-4-
EXXONMOBIL SAVINGS PLAN
STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS
DECEMBER 31, 2000
(millions of dollars)
Participant Non-Participant
Directed Directed Total
----------- --------------- -------
Contributions:
Employer $ 15 $ 145 $ 160
Employee 276 - 276
------- ------ -------
Total contributions 291 145 436
------- ------ -------
Investment income:
Interest 182 1 183
Dividends 246 35 281
Net appreciation in fair value
of investments 243 21 264
------- ------ -------
Total investment income 671 57 728
------- ------ -------
Total additions 962 202 1,164
------- ------ -------
Interest & miscellaneous expense - (27) (27)
Benefit payments at fair value (1,835) (96) (1,931)
Participant withdrawals
at fair value (295) (36) (331)
Transfers in 92 - 92
Transfers out at fair value (23) - (23)
Net ESOP transfers 125 (125) -
------- ------- --------
Total deductions (1,936) (284) (2,220)
------- ------- --------
Net decrease (974) (82) (1,056)
Net assets available for benefits:
At the beginning of the year 16,775 1,453 18,228
------- ------ -------
At the end of the year $15,801 $1,371 $17,172
======= ====== =======
The accompanying notes are an integral part of these financial statements.
-5-
EXXONMOBIL SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
Note 1: Description of the Plan
The participants in the ExxonMobil Savings Plan ("Savings Plan"), formerly
known as the Thrift Plan in the Benefit Plan of Exxon Corporation and
Participating Affiliates ("Thrift Plan"), are eligible employees and
former employees of Exxon Mobil Corporation ("ExxonMobil") and certain
affiliated employers. The terms and conditions of the Savings Plan are
fully contained in the ExxonMobil Savings Plan document ("Plan Document")
dated January 1, 2000. The Savings 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.
The Savings Plan permits participant contributions of up to 18 percent of
compensation and employer contributions of up to 7 percent of compensation.
Other Savings Plan provisions including eligibility, enrollment, vesting,
participation, forfeiture, loans, withdrawals, distributions, and federal
tax treatment of a qualified plan and trust, are described in detail in
the Plan Document. Also set forth in the Plan Document are the investment
features of the Savings Plan including investments in ExxonMobil stock,
equity investment options, asset allocation options, fixed-income options,
and capital preservation options.
Note 2: Accounting Policies
The accounting records of the Savings Plan are maintained on the accrual
basis.
Investments are stated at current value. Current values are based on
quoted prices as of the date of the financial statements, or, if market
quotations are not readily available, upon estimated values obtained from
a major investment securities firm. The Merrill Lynch Floating Rate
Long-Term Fixed Income Fund is stated at current value, which approximates
fair value, representing the original cost, plus interest (based upon the
crediting rates of the underlying contracts) reduced by administration
fees, transfers out, and withdrawals. The average crediting interest rate
of the Merrill Lynch Floating Rate Long-Term Fixed Income Fund for the
years ended December 31, 2000 and 1999 were 6.3% and 6.1%, respectively.
The annualized crediting interest rates at December 31, 2000 and 1999 were
6.4% and 6.1%, respectively. Crediting rates fluctuate with the
activities of the underlying contracts. This investment choice has no
fixed term, nor a minimum crediting interest rate.
The Savings Plan's financial statements separately disclose non-participant
directed investments which include both unallocated ExxonMobil common stock
of the employee stock ownership plan (ESOP) and a portion of the allocated
shares. At December 31, 2000 and 1999, $578 million and $741 million
respectively, of ExxonMobil common stock remained unallocated.
-6-
EXXONMOBIL SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
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.
Participant loans represent the outstanding principal balances of the
loans and are valued at cost, which approximates current value.
The Savings Plan is subject to normal risks associated with international
and domestic debt and equity markets, including the investment in
ExxonMobil common stock.
During 2000, $3 million of employers' matching contributions were
forfeited by terminating employees before those amounts became vested.
Such forfeited amounts are used to fund future employer contributions.
Transfers in include participant-initiated rollovers of certain
distributions from other tax-qualified plans into the Savings Plan.
Transfers out include plan-to-plan transfers of the balances of former
ExxonMobil employees who became employees of the Infineum USA, L.P. joint
venture and those employees who became employees of TOSCO Corporation
and Valero Energy Corporation due to required divestments resulting from
the merger (the "Merger") of a wholly owned affiliate of Exxon Corporation
and Mobil Oil Corporation. ("Mobil").
Note 3: Related-Party Transactions
During the year, commercial paper was issued by the Savings Plan and
purchased by ExxonMobil. As a result of these transactions, at December
31, 2000, $211 million was owed to ExxonMobil.
Certain Savings Plan investments are shares of funds managed by Merrill
Lynch. Merrill Lynch also serves as the custodian and, therefore, these
transactions qualify as party-in-interest transactions.
Note 4: Tax Status
The Trustee believes that the Savings Plan is a qualified plan under IRC
Section 401(a) and that the related trust is exempt from tax under IRC
section 501(a). On August 28, 1997, the Internal Revenue Service issued
a favorable determination letter with respect to the qualified status of
the Savings Plan under Section 401(a) of the Internal Revenue Code ("IRC").
The Savings Plan has been amended since the determination letter was
received. The Trustee believes that the Savings Plan is currently designed
and is being operated in compliance with the applicable requirements of
the IRC.
-7-
EXXONMOBIL SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
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, management fees, brokerage commissions, and administrative
expenses. The participating employers also pay miscellaneous administra-
tive expenses on behalf of the Savings Plan.
Note 6: ExxonMobil ESOP Fund
Upon merger of the Thrift Plan and the Employees Savings Plan of Mobil
Oil Corporation on December 30, 1999, future contributions to the ESOP
were eligible for funding from the ESOP trust established in November
1989 by Mobil. In 1989, the ESOP trust, supported by a Mobil guarantee,
privately placed $800 million of floating interest rate notes due November
22, 2004, and used the proceeds to purchase 205,788 shares of Mobil Series
B Convertible Preferred Stock at a price equal to liquidation value, or
$3,887.50 per share. Following the Merger, each outstanding share of Mobil
Series B Convertible Preferred Stock was converted into one share of
ExxonMobil Class B Preferred Stock, with similar terms. In December 1999,
each unit of ExxonMobil's Class B Preferred Stock was converted into
132.015 shares of ExxonMobil Common Stock, and the accrued dividends on
units of ExxonMobil Preferred Stock were converted into shares of
ExxonMobil Common Stock.
On February 27, 1990, the ESOP trust issued and Mobil guaranteed $800
million of 9.17% Sinking Fund Debentures due February 29, 2000, pursuant
to Rule 415 under the Securities Act of 1933. The ESOP trust used the
proceeds to retire the floating interest rate notes due November 22, 2004.
During 2000, the remaining $60.6 million of these debentures were
retired.
At December 31, 2000 and 1999, $180 million and $205 million, respectively,
of medium-term notes were outstanding under a $300 million shelf registra-
tion statement filed by the ESOP trust with the Securities and Exchange
Commission pursuant to Rule 415. These medium-term notes are guaranteed
by ExxonMobil. The proceeds of the sales of the issued notes were used
to retire identical principal amounts of existing ESOP trust debt.
-8-
EXXONMOBIL SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
A summary of the outstanding medium-term notes as of December 31, 2000 is
as follows:
Date of Amount Interest Maturity
Issuance (millions $) Rate Date
-------- ------------ -------- --------
8/31/96 15 6.625% 2/28/01
2/28/97 25 6.250% 8/31/01
2/28/97 10 6.300% 9/03/02
9/02/97 40 6.375% 8/31/01
3/02/98 25 5.875% 9/03/02
3/02/98 20 5.900% 2/28/03
8/31/98 45 5.800% 9/02/03
-----
$180
=====
Principal and interest payments on the debentures and medium-term notes
are due semi-annually. Principal maturities by calendar year are as
follows: $80 million in 2001; $35 million in 2002; and $65 million in 2003.
On February 4, 1999, the ESOP trust established a commercial paper program
under which the ESOP trust may sell to institutional investors including
ExxonMobil or its affiliates, up to $500 million of short-term notes. The
proceeds of the sales of such notes will be used for the same purposes as
the proceeds of the debt securities issued by the ESOP trust under the
above mentioned shelf registration. At December 31, 2000, the ESOP Trust
had $211 million of ExxonMobil guaranteed 6.33% short-term notes
outstanding, due February 28, 2001. At December 31, 1999, the Trust had
$171 million of Mobil-guaranteed 5.72% short-term notes outstanding,
due February 29, 2000.
In addition to the proceeds from the financing programs mentioned above,
corporate contributions to the plan and dividends are used to make
principal and interest payments on the note and debentures.
The ExxonMobil trust held 125 million and 140 million shares of ExxonMobil
common stock at year end 2000 and 1999, respectively. Of these total
shares, 54.6 million shares and 59.9 million shares respectively, were
held in the ESOP at year end 2000 and 1999. Of the total ESOP shares, 6.7
million shares and 9.1 million shares, respectively remained unallocated.
As the contributions and dividends are credited, common shares are released
from the suspense account and subsequently allocated to participant
accounts. During the year, 2.4 million ESOP shares were allocated to
participants.
-9-
EXXONMOBIL SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
Note 7: Claims Incurred But Not Paid
The Savings Plan reports benefits paid on a cash basis as required under
generally accepted accounting principles. For Form 5500 reporting
purposes, claims incurred but not paid of $30 million and $19 million for
the years ended December 31, 2000 and 1999, respectively, are reported on
an accrual basis. As such, the net assets available for benefits reflected
for Form 5500 purposes are $17,142 million and $18,209 million for the
years ended December 31, 2000 and 1999, respectively.
Note 8: Investments
The following presents investments that represent 5% or more of the
Savings Plan's net assets available for benefits.
(millions of dollars)
December 31 December 31
2000 1999
----------- -----------
ExxonMobil
Common Stock $9,326 $9,556
ExxonMobil
Common Stock
(non-participant
directed) 1,566 1,737
Equity Portfolio Fund 1,017 1,146
Jennison Equity Fund 1,291 1,581
During 2000, the Savings Plan's investments (including gains and losses
on investments bought and sold, as well as held during the year)
appreciated in value by $264 million as follows:
(millions $)
ExxonMobil Common Stock $ 775
Jennison Equity Fund (270)
Common collective trusts (159)
Mutual funds (112)
Corporate debentures 24
U.S. Government securities 6
-----
$ 264
=====
-10-
EXHIBIT 1
EXXONMOBIL SAVINGS PLAN
SCHEDULE H - LINE 4i
SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
12/31/00
(thousands of dollars)
MATURITY PAR CURRENT
DESCRIPTION COUPON DATE VALUE VALUE
- -------------------------------------------------------------------------
COMMON ASSET FUND
- -----------------
CORPORATE BONDS
3M DEUTSCHLAND GMBH 5.750% 07/30/01 $ 3,000 $ 2,988
ADVANTA CREDIT CARD MASTER TST 6.000% 11/15/05 8,850 8,893
ALBERTA PROV CDA 4.875% 10/29/03 16,349 15,961
AMERICAN EXPRESS CR ACCOUNT 6.800% 12/15/03 30,110 30,167
AMERICAN EXPRESS CR ACCOUNT 6.400% 04/15/05 43,050 43,468
AMERICAN EXPRESS MASTER TRUST 5.900% 04/15/04 20,488 20,551
AMOCO CDA PETE CO GTD NT 7.250% 12/01/02 12,525 12,822
ATLANTIC RICHFIELD CO 5.550% 04/15/03 6,440 6,400
BANC ONE AUTO GRANTOR TR 6.270% 11/20/03 4,060 4,062
BANC ONE AUTO GRANTOR TR 6.290% 07/20/04 6,264 6,255
BANK NEDERLANDSE GEM 5.0 5.000% 01/22/02 10,000 9,885
BK NED GEMEENTEN 3.10 30JAN02 3.100% 01/30/02 4,000 3,881
BMW VEHICLE OWNER TR 6.410% 04/25/03 5,000 5,012
BMW VEHICLE OWNER TRUST 6.160% 12/25/01 1,232 1,232
BP AMER INC 7.875% 05/15/02 4,000 4,099
BP AMERICA INC E/M/T/N 5.750% 07/30/01 20,800 20,715
BRITISH COLUMBIA PROV CDA 7.000% 01/15/03 12,500 12,732
BRITISH TELECOM PLC 6.75 6.750% 04/25/02 25,000 25,038
CALIFORNIA INFRASTRUCTURE & 6.170% 03/25/03 504 503
CALIFORNIA INFRASTRUCTURE & 6.160% 06/25/03 665 663
CAPITAL AUTO RECEIVABLES ASSET 5.580% 06/15/02 16,432 16,409
CAPITAL AUTO RECEIVABLES ASSET 6.250% 03/15/03 25,000 25,002
CATERPILLAR FINL ASSET TR 5.900% 03/25/02 970 970
CHASE CR CARD MASTER TR 6.000% 08/15/05 26,905 27,043
CHASE CREDIT MASTER CARD TR 5.550% 09/15/03 32,000 31,986
CHASE MANHATTAN AUTO OWNER TR 6.500% 12/17/01 3,700 3,702
CHASE MANHATTAN AUTO OWNER TR 5.800% 12/16/02 7,475 7,465
CHASE MANHATTAN AUTO OWNER TR 5.850% 05/15/03 10,000 9,989
CHEMICAL MASTER CR CARD TR I 6.230% 04/15/05 17,052 17,161
CIT RV OWNER TR 5.400% 12/15/11 3,347 3,333
CIT RV TR 5.780% 07/15/08 10,000 9,978
CITIBANK CR CARD MASTER TR I 5.750% 01/15/03 32,330 32,307
CITIBANK CR CARD MASTER TR I 5.850% 04/10/03 31,000 30,953
CITIBANK CR CARD MASTER TR I 6.839% 02/10/04 1,850 1,850
CITIBANK CR CARD MASTER TR I 6.550% 02/15/04 18,100 18,210
CITIBANK CREDIT CRD MSTR TR I 5.800% 02/07/05 1,565 1,562
COMMERCIAL CR GROUP INC NT 8.250% 11/01/01 10,200 10,367
CORESTATES HOME EQUITY TR 5.100% 03/15/09 454 451
CWABS INC 7.170% 12/25/17 5,000 5,028
DAIMLER CHYSLER AUTO TRUST 7.230% 01/06/05 15,000 15,464
DAIMLERCHRYSLER AUTO TR 6.820% 09/06/04 3,000 3,056
DAIMLIER-BENZ AUTO GR TR 1997-A 6.050% 03/20/05 1,444 1,444
-11-
EXHIBIT 1
EXXONMOBIL SAVINGS PLAN
SCHEDULE H - LINE 4i
SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
12/31/00
(thousands of dollars)
MATURITY PAR CURRENT
DESCRIPTION COUPON DATE VALUE VALUE
- -------------------------------------------------------------------------
DEERE JOHN OWNER TR 5.466% 08/15/01 $ 925 $ 925
DISCOVER CARD MASTER TR I 5.800% 09/16/03 17,000 16,978
DISCOVER CARD MASTER TR I 5.300% 08/15/04 29,930 29,702
DISCOVER CARD MASTER TR I 5.900% 10/15/04 6,985 6,980
DISCOVER CARD MASTER TR I 5.650% 11/16/04 8,525 8,493
DISCOVER CARD MSTR TR I SER 98 5.850% 01/17/06 19,316 19,277
DISCOVER CARD MASTER TRUST I 5.750% 10/16/03 15,180 15,152
FIFTH THIRD AUTO GRANTOR TRUST 6.450% 03/15/02 489 489
FIFTH THIRD BK AUTO TR 1996-A 6.200% 09/15/01 137 137
FIRST SEC AUTO OWNER TR 7.300% 07/15/04 20,000 20,429
FIRST SEC AUTO OWNER TR 6.830% 07/15/04 15,000 15,264
FIRST SECURITY AUTO GR TRUST 5.970% 04/15/04 8,740 8,735
FIRST SECURITY AUTO OWNER TR 6.200% 10/15/06 22,800 22,868
FIRST USA BK N A WILMINGTON 6.125% 06/25/01 15,000 14,994
FLEETWOOD CR 1993-B GRANTOR TR 4.950% 08/15/08 826 816
FLEETWOOD CR 1994-B GRANTOR TR 6.750% 03/15/10 931 932
FORD CR AUTO OWNER TR 5.850% 10/15/01 598 598
FORD CR AUTO OWNER TR 5.310% 11/15/01 1,040 1,040
FORD CR AUTO OWNER TR 6.200% 04/15/02 2,260 2,260
FORD CR AUTO OWNER TR 5.800% 06/15/02 14,600 14,584
FORD CR AUTO OWNER TR 5.900% 06/15/02 6,300 6,295
FORD CR AUTO OWNER TR 5.860% 10/15/02 10,000 9,990
FORD CR AUTO OWNER TR 6.400% 10/15/02 6,750 6,768
FORD CR AUTO OWNER TR 6.970% 04/15/03 7,000 7,053
FORD CR AUTO OWNER TR 7.090% 11/17/03 21,000 21,319
FORD CR AUTO OWNER TR 7.030% 11/17/03 10,000 10,146
FORD CR AUTO OWNER TR 6.740% 06/15/04 8,000 8,127
FORD CR AUTO OWNER TR 7.260% 07/15/04 4,000 4,134
FORD CR AUTO OWNER TR 7.150% 07/15/04 3,000 3,085
GE CAP MTG SVCS INC 6.870% 09/25/08 1,342 1,337
GE CAP MTG SVCS INC 6.995% 09/25/13 5,000 5,004
GEN ELEC CAP CORP E/M/T/N 6.250% 03/27/01 9,419 9,409
GENERAL ELEC CAP CORP 7.375% 05/09/01 4,000 4,010
GENERAL ELEC CAP CORP M/T/N 6.020% 05/04/01 9,150 9,145
GENERAL ELEC CAP CORP M/T/N 5.720% 07/16/01 8,000 7,988
GENERAL ELEC CAP CORP M/T/N 5.770% 08/27/01 5,000 4,993
GENERAL ELEC CAP CORP M/T/N 5.264% 01/07/02 2,000 1,988
GENERAL ELEC CAP CORP M/T/N 5.280% 01/08/02 2,000 1,988
GENERAL ELEC CAP CORP M/T/N 6.650% 09/03/02 4,330 4,379
GENERAL ELEC CAP CORP M/T/N 6.700% 10/01/02 7,000 7,087
GENERAL ELEC CAP CORP M/T/N 6.520% 10/08/02 2,000 2,019
GENERAL ELEC CAP CORP M/T/N 5.650% 03/31/03 3,690 3,666
GENERAL ELEC CAP 6.5 27SEP2002 6.500% 09/27/02 5,000 5,036
GILLETTE CO 5.75 03AUG2001 5.750% 08/03/01 8,082 8,048
GMACM MTG LN TR 6.750% 08/25/29 5,501 5,495
-12-
EXHIBIT 1
EXXONMOBIL SAVINGS PLAN
SCHEDULE H - LINE 4i
SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
12/31/00
(thousands of dollars)
MATURITY PAR CURRENT
DESCRIPTION COUPON DATE VALUE VALUE
- -------------------------------------------------------------------------
HARLEY-DAVIDSON EAGLEMARK 5.840% 10/15/03 $ 3,343 $ 3,341
HARLEY-DAVIDSON EAGLEMARK 6.220% 02/15/04 2,212 2,215
HELLER EQUIP ASSET RECEIVABLES 5.500% 07/13/03 7,215 7,190
HONDA AUTO RECEIVABLES 1999-1 5.300% 09/15/02 19,329 19,268
HONDA AUTO RECEIVABLES 2000-1 6.650% 12/16/02 15,000 15,072
HONDA AUTO RECEIVABLES 2000-1 6.620% 07/15/04 15,000 15,210
HOUSEHOLD AUTOMOTIVE TR V 7.340% 11/17/04 15,000 15,394
HOUSEHOLD HOME EQUITY LN TR 6.950% 10/20/23 10,000 10,057
INTER AMERN DEV BK 8.500% 05/01/01 7,800 7,859
INTER-AMERICAN DEV BK 3.100% 09/17/01 3,000 2,936
INTERNATIONAL BANK RECON+DEVP 3.000% 02/05/01 14,900 14,854
IRELAND REP 7.125% 07/15/02 14,291 14,557
JOHNSON & JOHNSON NTS 7.375% 06/29/02 4,500 4,581
KEY AUTO FIN TR 5.830% 01/15/07 11,081 11,090
KFW INTL FIN 5.0 22JAN2002 5.000% 01/22/02 10,000 9,870
KFW INTL FIN INC 9.125% 05/15/01 1,525 1,541
KFW INTL FINANCE 8.125 GTD NTS 8.125% 10/30/01 3,000 3,044
KFW INTL FINANCE EURO M/T/N 5.500% 02/19/02 10,000 9,941
KIMBERLY CLARK CORP 8.625% 05/01/01 13,350 13,438
MANITOBA PROV CDA 8.000% 04/15/02 16,200 16,530
MANITOBA PROV CDA NT 6.750% 03/01/03 16,400 16,695
MELLON AUTO GRANTOR TR 5.460% 10/17/05 11,360 11,309
NATIONSBANK DALLAS TX N A 6.350% 03/15/01 12,000 11,997
NATIONSBANK N.A. 5.850% 08/01/01 14,750 14,727
ONTARIO PROV CANADA 8.000% 10/17/01 10,500 10,665
ONTARIO PROV CDA 7.375% 01/27/03 25,000 25,697
ONTARIO PROV CDA SR UNSUB 7.750% 06/04/02 5,000 5,126
PREMIER AUTO TR 5.770% 01/06/02 348 348
PREMIER AUTO TR 5.690% 06/08/02 14,961 14,943
PREMIER AUTO TR 5.070% 07/08/02 2,060 2,050
PREMIER AUTO TR 5.690% 11/08/02 12,159 12,137
PREMIER AUTO TR 5.490% 02/10/03 2,808 2,805
PREMIER AUTO TR 5.820% 10/08/03 21,939 21,944
PREMIER AUTO TRUST 5.590% 02/09/04 8,910 8,888
PROCTER & GAMBLE CO 8.700% 08/01/01 3,900 3,956
PROCTER & GAMBLE CO 5.250% 09/15/03 5,000 4,928
PROCTER & GAMBLE CO NT 9.625% 01/14/01 21,790 21,808
RESIDENTIAL ASSET SECURITIES 7.255% 08/25/21 5,000 5,061
ROCKWELL INTL CORP NT 8.375% 02/15/01 1,000 1,002
SEARS CR ACCOUNT MASTER TR II 5.800% 08/15/05 3,633 3,627
SEARS CR ACCOUNT MASTER TR II 6.200% 02/16/06 2,500 2,502
SHELL CDA LTD CDN$ DEB 8.875% 01/14/01 4,500 4,503
SMITHKLINE BEECHAM CAP INC 6.750% 10/30/01 8,015 8,042
SMITHKLINE BEECHAM CORP M/T/N 6.625% 10/01/01 1,500 1,504
SOUTHERN NEW ENGLAND M/T/N 8.000% 11/20/01 2,300 2,335
-13-
EXHIBIT 1
EXXONMOBIL SAVINGS PLAN
SCHEDULE H - LINE 4i
SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
12/31/00
(thousands of dollars)
MATURITY PAR CURRENT
DESCRIPTION COUPON DATE VALUE VALUE
- -------------------------------------------------------------------------
SOUTHWESTERN BELL TEL CO 6.375% 04/01/01 $ 14,690 $ 14,679
SOUTHWESTERN BELL TEL CO 6.250% 10/15/02 3,000 3,007
SOUTHWESTERN BELL TEL CO M/T/N 6.400% 04/22/02 4,500 4,519
SOUTHWESTERN BELL TEL CO M/T/N 7.000% 11/15/02 1,500 1,524
TOYOTA AUTO RECEIVABLES 1999-A 5.800% 12/17/01 2,917 2,917
TOYOTA AUTO RECEIVABLES 1999-A 6.150% 08/16/04 6,001 6,007
TOYOTA AUTO RECEIVABLES 2000-A 7.180% 08/15/04 20,000 20,398
TOYOTA AUTO RECEIVABLES 2000-B 6.760% 08/15/04 35,000 35,529
UNILEVER 6.625 29MAY2001 6.625% 05/29/01 4,500 4,501
USAA AUTO LN GRANTOR TR 6.000% 05/15/04 1,684 1,679
USAA AUTO LN GRANTOR TR 5.800% 01/15/05 4,824 4,818
USAA AUTO LN GRANTOR TR 6.100% 02/15/06 9,219 9,237
USAA AUTO OWNER TR 6.900% 04/15/03 19,800 19,938
USAA AUTO OWNER TR 6.950% 06/15/04 16,000 16,324
WACHOVIA BK N C N A BK NOTE 6.300% 03/15/01 5,000 4,999
WACHOVIA BK N C N A M/T/N 5.400% 02/20/01 13,500 13,481
WAL MART STORES INC 6.150% 08/10/01 5,000 5,004
WAL-MART STORES INC 6.750% 05/24/02 6,001 6,037
WAL-MART STORES INC 8.625% 04/01/01 7,711 7,753
WAL-MART STORES INC 6.875% 08/01/02 10,000 10,135
---------- ----------
TOTAL CORPORATE DEBT INSTRUMENTS $1,470,433 $1,477,292
U.S. GOVERNMENT SECURITIES
FEDERAL FARM CR BKS CONS 5.125% 04/02/01 $ 30,000 $ 29,916
FEDERAL FARM CR BKS CONS M/T/N 4.850% 10/23/01 15,000 14,880
FEDERAL FARM CR BKS CONS M/T/N 4.960% 01/11/01 10,000 9,997
FEDERAL FARM CR BKS CONS M/T/N 5.560% 08/27/01 19,980 19,922
FEDERAL FARM CR BKS CONS M/T/N 5.570% 03/23/01 6,500 6,490
FEDERAL FARM CR BKS CONS M/T/N 6.280% 06/20/01 1,800 1,801
FEDERAL HOME LN BK CONS BD E 5.500% 08/13/01 10,000 9,969
FEDERAL HOME LN BANK NT 7.280% 07/25/01 2,000 2,013
FEDERAL HOME LN BKS 5.125% 04/17/01 15,000 14,953
FEDERAL HOME LN BKS 5.375% 03/02/01 21,800 21,766
FEDERAL HOME LN BKS 5.610% 06/22/01 10,000 9,975
FEDERAL HOME LN BKS 5.630% 06/22/01 1,305 1,302
FEDERAL HOME LN BKS 5.645% 03/23/01 8,000 7,990
FEDERAL HOME LN BKS 5.710% 03/16/01 1,250 1,249
FEDERAL HOME LN BKS 5.750% 04/30/01 2,515 2,512
FEDERAL HOME LN BKS 6.580% 09/20/01 1,000 1,004
FEDERAL HOME LN BKS CONS 6.360% 03/21/01 1,000 1,000
FEDERAL HOME LN BKS CONS BD 6.670% 04/06/01 1,000 1,001
FEDERAL HOME LN BKS CONS BD 7.260% 09/06/01 4,125 4,160
FEDERAL HOME LN BKS DEB 4.630% 10/09/01 20,000 19,813
-14-
EXHIBIT 1
EXXONMOBIL SAVINGS PLAN
SCHEDULE H - LINE 4i
SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
12/31/00
(thousands of dollars)
MATURITY PAR CURRENT
DESCRIPTION COUPON DATE VALUE VALUE
- -------------------------------------------------------------------------
FEDERAL HOME LN BKS DEB 4.955% 11/20/01 $ 10,000 $ 9,928
FEDERAL HOME LN BKS DEB 5.190% 03/01/01 10,000 9,984
FEDERAL HOME LN BKS DEB 5.620% 01/12/01 4,000 3,999
FEDERAL HOME LN BKS M/T/N 8.000% 09/11/01 1,000 1,013
FEDERAL HOME LN MTG CORP 5.750% 03/15/09 8,452 8,410
FEDERAL HOME LN MTG CORP 7.060% 06/25/16 10,000 10,066
FEDERAL HOME LN MTG CORP DEB 6.565% 05/23/01 1,000 1,002
FEDERAL HOME LN MTG CORP REMIC 6.720% 08/25/16 9,000 9,041
FEDERAL HOME LN MTG CORP REMIC 6.000% 06/15/10 10,000 9,962
FEDERAL HOME LN MTG CORP REMIC 6.500% 04/15/20 10,000 10,036
FEDERAL HOME LN MTG CORP REMIC 6.500% 01/15/17 5,000 5,047
FEDERAL HOME LN MTG CORP REMIC 7.000% 07/15/21 4,000 4,021
FEDERAL HOME LN MTGE CORP 5.500% 05/15/02 28,000 27,948
FEDERAL HOME LOAN BANK 5.520% 01/22/01 1,000 1,000
FEDERAL HOME LOAN MTG CORP 7.900% 09/19/01 1,875 1,900
FEDERAL HOME LOAN MTG CORP 5.500% 01/01/01 787 784
FEDERAL NATL MTG ASSN #190778 6.000% 05/01/01 436 434
FEDERAL NATL MTG ASSN #303277 6.000% 06/01/01 1,478 1,471
FEDERAL NATL MTG ASSN #313201 6.000% 06/01/01 3,521 3,504
FEDERAL NATL MTG ASSN GTD REMIC 5.750% 09/25/07 19,979 19,861
FEDERAL NATL MTG ASSN M/T/N 5.720% 01/09/01 4,000 4,000
FEDERAL NATL MTG ASSN M/T/N 6.160% 04/03/01 6,000 5,999
FEDERAL NATL MTG ASSN M/T/N 6.375% 08/14/01 1,000 1,002
FEDERAL NATL MTG ASSN M/T/N 6.400% 05/02/01 5,350 5,353
FEDERAL NATL MTG ASSN REMIC TR 6.000% 08/25/20 8,831 8,785
FEDERAL NATL MTG ASSN REMIC TR 6.000% 04/25/08 4,530 4,518
FEDERAL NATL MTGE ASSN 5.375% 03/15/02 15,000 14,948
FEDERAL NATL MTGE ASSN M/T/N 6.180% 03/15/01 1,500 1,500
FEDERAL NATL MTGE ASSN M/T/N 6.650% 09/04/01 1,210 1,215
---------- ----------
TOTAL U.S. GOVERNMENT SECURITIES $ 369,224 $ 368,444
CERTIFICATE OF DEPOSITS
FCC NATIONAL BANK C/D 5.550% 04/26/02 $ 15,000 $ 14,906
---------- ----------
TOTAL CERTIFICATE OF DEPOSITS $ 15,000 $ 14,906
---------- ----------
TOTAL FIXED INCOME
SECURITIES $1,854,657 $1,860,642
-15-
EXHIBIT 1
EXXONMOBIL SAVINGS PLAN
SCHEDULE H - LINE 4i
SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
12/31/00
(thousands of dollars)
MATURITY PAR CURRENT
DESCRIPTION COUPON DATE VALUE VALUE
- -------------------------------------------------------------------------
SHORT TERM INVESTMENTS
BEAR STEARNS MASTER NOTE $ 50,000 $ 50,000
COLLECTIVE SHORT TERM INVEST FD 33,855 33,855
----------- ----------
TOTAL SHORT TERM INVESTMENTS $ 83,855 $ 83,855
PARTICIPANT LOANS
(ANNUAL INTEREST RATES
FROM 9.0 TO 7.5,
MAXIMUM PERIOD OF
REPAYMENT IS 60 MONTHS) N/A $ 140,868 $ 140,868
---------- ----------
TOTAL COMMON ASSET INVESTMENTS $2,079,380 $2,085,365
========== ==========
-16-
EXHIBIT 1
EXXONMOBIL SAVINGS PLAN
SCHEDULE H - LINE 4i
SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
12/31/00
(thousands of dollars)
SHARES/ CURRENT
UNITS COST VALUE
FUND/ISSUE (000'S) ($000's) ($000'S)
- -------------------------------------------------------------------------
COMMON STOCK FUND
- ----------------------------
*EXXONMOBIL CORPORATION COMMON
STOCK 107,272 $9,325,928
REGISTERED INVESTMENT COMPANIES:
- --------------------------------
*MERRILL LYNCH INSTITUTIONAL FUND 107,311 $ 107,311
MASSACHUSETTS FINANCIAL SERVICES
COMPANY MFS EMERGING GROWTH FUND 3,707 $ 166,008
*MERRILL LYNCH GLOBAL ALLOCATION FUND 5,229 $ 68,605
FRANKLIN CUSTODIAN FUNDS, INC.
FRANKLIN U.S. GOVERNMENT
SECURITIES FUND 10,466 $ 70,749
AIM CHARTER FUND 6,566 $ 97,835
FRANKLIN TEMPLETON GROUP TEMPLETON
FOREIGN FUND 5,966 $ 61,693
FRANKLIN TEMPLETON GROUP TEMPLETON
DEVELOPING MARKETS TRUST 1,902 $ 20,146
COMMON COLLECTIVE TRUSTS:
- --------------------------
BARCLAYS GLOBAL INVESTORS
EQUITY FUND 3,178 $1,017,469
BARCLAYS GLOBAL INVESTORS
EXTENDED EQUITY INDEX FUND 16,829 $ 424,935
*MERRILL LYNCH EQUITY INDEX TRUST 1,600 $ 146,843
BARCLAYS GLOBAL INVESTORS
BALANCED FUND INDEX FUND 8,828 $ 98,650
OTHER INVESTMENTS:
- ------------------
JENNISON EQUITY FUND 12,090 $1,290,870
*MERRILL LYNCH FLOATING RATE LONG-
TERM FIXED INCOME FUND 743,722 $ 743,722
-17-
EXHIBIT 1
EXXONMOBIL SAVINGS PLAN
SCHEDULE H - LINE 4i
SCHEDULE OF ASSETS HELD FOR INVESTMENT PURPOSES
12/31/00
(thousands of dollars)
SHARES/ CURRENT
UNITS COST VALUE
FUND/ISSUE (000'S) ($000's) ($000'S)
- -------------------------------------------------------------------------
*PARTICIPANT LOANS
- ------------------
(ANNUAL INTEREST RATES
FROM 6.0% TO 9.5%,
MAXIMUM PERIOD OF
REPAYMENT IS 60 MONTHS) $ 56,937
-----------
TOTAL PARTICIPANT-DIRECTED INVESTMENTS $15,783,066
-----------
EXXONMOBIL CORPORATION COMMON 18,012 $ 536,671 $1,565,913
STOCK (non-participant directed)
---------- -----------
TOTAL NON-PARTICIPANT-DIRECTED INVESTMENTS $ 536,671 $1,565,913
---------- -----------
TOTAL ASSETS HELD FOR INVESTMENT PURPOSES $17,348,979
===========
* Party-in-interest as defined by ERISA
-18-
Report of Independent Accountants
To the Participants and Administrator 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 "Savings Plan") at
December 31, 2000 and 1999, and the changes in net assets available for
benefits for the year ended December 31, 2000 in conformity with accounting
principles generally accepted in the United States of America. These
financial statements are the responsibility of the Savings Plan's manage-
ment; our responsibility is to express an opinion on these financial state-
ments based on our audits. We conducted our audits of these statements in
accordance with auditing standards generally accepted in the United
States of America, which 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 for investment purposes 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. The supplemental schedule
is the responsibility of the Savings 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 15, 2001
-19-
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 SAVINGS PLAN
(Name of Plan)
/s/ S. B. L. Penrose
___________________________________
S. B. L. Penrose
Pursuant to delegation by
Administrator-Finance
Dated: June 15, 2001
-20-
EXHIBIT INDEX
-------------
EXHIBIT SUBMISSION MEDIA
23. Consent of PricewaterhouseCoopers LLP, Electronic
Independent Accountants,
Dated June 15, 2001
-21-
EXHIBIT 23
CONSENT OF INDEPENDENT ACCOUNTANTS
----------------------------------
We hereby consent to the incorporation by reference in the
Registration Statement on Form S-8 (No. 333-72955) of Exxon Mobil
Corporation of our report dated June 15, 2001 relating to the financial
statements of the ExxonMobil Savings Plan, which appears in this Form 11-K.
PricewaterhouseCoopers LLP
Houston, Texas
June 15, 2001
-22-