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UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
Pursuant to Section 13 or 15(d)
of the Securities Exchange Act of 1934
Date of Report (Date of earliest event reported): January 28, 2003
EXXON MOBIL CORPORATION
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(Exact name of registrant as specified in its charter)
New Jersey 1-2256 13-5409005
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(State or other jurisdiction (Commission File Number) (IRS Employer
of incorporation) Identification No.)
5959 Las Colinas Boulevard
Irving, Texas 75039-2298
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(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code: (972) 444-1000
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(Former name or former address, if changed since last report)
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ITEM 9. Regulation FD Disclosure
The Registrant hereby furnishes the information set forth in
its News Release, dated January 28, 2003, announcing 2002
additions to worldwide proved oil and gas reserves and the
related reserve replacement percentage, a copy of which is
included as Exhibit 99.
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SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934, the
registrant has duly caused this report to be signed on its behalf by the
undersigned hereunto duly authorized.
EXXON MOBIL CORPORATION
Date: January 28, 2003 By: /s/ Donald D. Humphreys
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Name: Donald D. Humphreys
Title: Vice President, Controller and
Principal Accounting Officer
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INDEX TO EXHIBITS
Exhibit No. Description
___________ ___________
99 Exxon Mobil Corporation News Release, dated January 28, 2003,
announcing 2002 additions to worldwide proved oil and gas
reserves and the related reserve replacement percentage.
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Exhibit 99
News Release
ExxonMobil
Exxon Mobil Corporation
5959 Las Colinas Boulevard
Irving, TX 75039-2298
972 444 1107 Telephone
972 444 1138 Facsimile
FOR IMMEDIATE RELEASE
TUESDAY, JANUARY 28, 2003
EXXONMOBIL REPLACES PRODUCTION FOR NINTH YEAR IN A ROW;
RESOURCE BASE AT 72 BILLION BARRELS
IRVING, TX, January 28 -- Exxon Mobil Corporation announced today that
additions to its worldwide proved oil and gas reserves totaled 1.9 billion oil-
equivalent barrels in 2002, replacing 117 percent of production, including
property sales. Excluding property sales, reserve replacement totaled
118 percent of production.
Exxon Mobil Corporation Chairman Lee Raymond said, "This marks the ninth
year in a row that we've exceeded 100 percent reserves replacement. I'm
especially pleased that, over the last several years, we have added reserves in
our established areas as well as those areas where we anticipate substantial
future production growth."
The 2002 results were led by significant reserve additions from
ExxonMobil's growth areas in West Africa from developments in Angola, Nigeria,
and Equatorial Guinea; in Qatar from ExxonMobil's participation in the
development of the North Field gas resources; and in the Caspian Region from
the Megastructure fields in Azerbaijan and the Tengiz field in Kazakhstan.
Significant reserve additions were also made in established operations in North
America and Europe.
Production totaled 1.6 billion oil-equivalent barrels in 2002, comparable
to 2001, although production capacity increased. Liquids production was 902
million barrels, and gas production totaled 4.2 trillion cubic feet.
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With 21.9 billion barrels of proved oil and gas reserves at yearend 2002,
ExxonMobil's reserve life at current production rates is over 13 years.
RESOURCE ADDITIONS TOTAL 2.2 BILLION BARRELS
For total resources, ExxonMobil added 2.2 billion net oil-equivalent
barrels in 2002 to the industry's largest resource base. Additions to the
resource base were once again characterized by geographically diverse and high
quality discoveries from drilling and acquisition of discovered but undeveloped
resources. The company's total oil and gas resource base of 72 billion
oil-equivalent barrels includes proved reserves and other discovered resources
that will likely be developed.
Key 2002 additions were associated with successful exploration drilling
campaigns in West Africa including Angola, Nigeria, Chad, and the Congo;
Australia with the West Jansz discovery; North America in Alaska and the lower
48 states; the Kashagan field in Kazakhstan; and further expansions of our
activities in Qatar.
"Continued high-quality additions to ExxonMobil's resource base are the
foundation of our long-term profitable growth," Raymond said.
CAUTIONARY NOTE: The term "resource base" includes quantities of discovered oil
and gas that are not yet classified as proved reserves but that we believe will
likely be developed in the future. The term "reserves," as used in this
release, includes proved reserves from Syncrude tar sands operations in Canada
which are treated as mining operations in our SEC reports.
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