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Exxon Mobil Corporation 8-K

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) April 28, 2005

Exxon Mobil Corporation

(Exact name of registrant as specified in its charter)

New Jersey	1-2256	13-5409005
(State or other jurisdiction	(Commission	(IRS Employer
of incorporation)	File Number)	Identification No.)

5959 LAS COLINAS BOULEVARD, IRVING, TEXAS 75039-2298

(Address of principal executive offices) (Zip Code)

(Registrant’s telephone number, including area code): (972) 444-1000


	(Former name or former address, if changed since last report)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

[ ] Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

[ ] Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

[ ] Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

[ ] Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 7.01

Regulation FD Disclosure

Item 2.02

Results of Operations and Financial Condition

The following information is furnished pursuant to both Item 7.01 and Item 2.02.

The Registrant hereby furnishes the information set forth in its News Release, dated

April 28, 2005, announcing first quarter 2005 results, a copy of which is included as Exhibit 99.1, and furnishes the information in the related 1Q05 Investor Relations Data Summary, a copy of which is included as Exhibit 99.2.

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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: April 28, 2005

By:

/s/ Patrick T. Mulva

----------------------------------------------

Name:

Patrick T. Mulva

Title:

Vice President, Controller and

Principal Accounting Officer

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INDEX TO EXHIBITS

Exhibit No.

Description

99.1

Exxon Mobil Corporation News Release, dated April 28, 2005, announcing first quarter 2005 results.

99.2

1Q05 Investor Relations Data Summary.

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Exxon Mobil Corporartion 8-k 99.1

EXHIBIT 99.1

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

THURSDAY, APRIL 28, 2005

EXXON MOBIL CORPORATION ANNOUNCES ESTIMATED

FIRST QUARTER 2005 RESULTS

First Quarter

2005

2004

Net Income

$ Millions

7,860

5,440

$ Per Common Share

Assuming Dilution

1.22

0.83

Earnings Excluding Special Items

$ Millions

7,400

5,440

$ Per Common Share

Assuming Dilution

1.15

0.83

Capital and Exploration

Expenditures - $ Millions

3,417

3,401

IRVING, TX, April 28 -- Exxon Mobil Corporation today reported first quarter results. Net income of $7,860 million ($1.22 per share) increased $2,420 million from the first quarter of 2004. First quarter net income included a $460 million positive impact (Downstream - $310 million; Chemical - $150 million) from sale of the Corporation's stake in China Petroleum and Chemical Corporation ("Sinopec"). Excluding this gain, earnings of $7,400 million ($1.15 per share) increased by $1,960 million.

Capital and exploration expenditures of $3,417 million in the first quarter of 2005 were up $16 million compared with last year.

ExxonMobil's Chairman Lee R. Raymond commented as follows:

"Compared with last year's first quarter, ExxonMobil's first quarter 2005 net income of $7,860 million was up $2,420 million. Excluding the gain on the sale of our stake in Sinopec, earnings were up $1,960 million and are the highest first quarter ever for the Corporation.

"Upstream earnings were a record $5,054 million, an increase of $1,041 million from first quarter 2004 results reflecting continued strength in crude and natural gas prices.

"Downstream earnings were $1,143 million, an increase of $139 million from last year, with improved worldwide refining conditions partly offset by weaker marketing margins.

"Chemical earnings were a record $1,282 million, up $718 million from first quarter 2004 reflecting higher margins.

"ExxonMobil continued its active investment program, spending $3,417 million in the first quarter on capital and exploration projects, compared with $3,401 million last year, reflecting continued strong levels of upstream spending.

"During the quarter, the corporation acquired 64 million shares at a gross cost of $3,624 million to offset the dilution associated with benefit plans and to reduce common stock outstanding. As a consequence of the continued strengthening of our financial

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position, the rate of share purchases to reduce shares outstanding will be increased by $1.0 billion in the second quarter."

Additional comments on earnings for the major operating segments follow:

First Quarter 2005 vs. First Quarter 2004

Upstream earnings were a record $5,054 million, up $1,041 million from the first quarter 2004 reflecting strong crude and natural gas prices.

Liquids production of 2,543 kbd (thousands of barrels per day) was 92 kbd lower than the first quarter of 2004. Higher production from new fields in West Africa and Norway was more than offset by natural field declines in mature areas, planned and unplanned maintenance, entitlement and divestment impacts.

First quarter natural gas production decreased to 10,753 mcfd (millions of cubic feet per day), compared with 11,488 mcfd last year reflecting natural field decline in mature areas, lower demand in Europe and divestment impacts partly offset by higher volumes in Qatar.

On an oil-equivalent basis, production decreased by 5% from the first quarter of 2004. Excluding divestment and entitlement effects, production decreased by 2%.

Earnings from U.S. Upstream operations were $1,353 million, $199 million higher than last year's first quarter. Non-U.S. Upstream earnings of $3,701 million were up $842 million from 2004.

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Downstream earnings, excluding the $310 million Sinopec gain, were $1,143 million, up $139 million from the first quarter of 2004, reflecting improved U.S. refining margins and higher refinery throughput partly offset by weaker marketing conditions. Petroleum product sales were 8,229 kbd, 103 kbd higher than last year's first quarter.

U.S. Downstream earnings were $645 million, up $253 million mainly due to higher refining margins. Non-U.S. Downstream earnings, excluding Sinopec, were $498 million, down $114 million due to lower marketing earnings.

Chemical earnings, excluding the $150 million Sinopec gain, were a record $1,282 million, up $718 million from the same quarter a year ago due to improved market conditions. Prime product sales of 6,938 kt (thousands of metric tons) were up 146 kt from last year's first quarter.

Corporate and financing expenses of $79 million were lower by $62 million mainly due to higher interest income.

During the first quarter of 2005, Exxon Mobil Corporation purchased 64 million shares of its common stock for the treasury at a gross cost of $3,624 million. These purchases were to offset shares issued in conjunction with company benefit plans and programs and to reduce the number of shares outstanding. Shares outstanding were reduced from 6,401 million at the end of the fourth quarter of 2004 to 6,366 million at the end of the first quarter. In April, the Corporation increased its rate of share purchases. Purchases to reduce shares outstanding are anticipated to increase from $2.5 billion in the first quarter to approximately $3.5 billion in the second quarter. Purchases may be made in both the open market and through negotiated transactions, and may be increased, decreased or discontinued at any time.

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Estimates of key financial and operating data follow. Financial data, except per share amounts, are expressed in millions of dollars.

ExxonMobil will discuss financial and operating results and other matters on a webcast at 10 a.m. central time on April 28, 2005. To listen to the event live or in archive, go to our website at www.exxonmobil.com.

Statements in this release relating to future plans, projections, events, or conditions are forward-looking statements. Actual results, including production growth and capital spending, could differ materially due to changes in market conditions affecting the oil and gas industry or long-term oil or gas prices; political events or disturbances; reservoir performance; changes in OPEC quotas; timely completion of development projects; changes in technical or operating conditions; and other factors including those discussed under the heading "Factors Affecting Future Results" on our website and in Item 1 of ExxonMobil's 2004 Form 10-K. We assume no duty to update these statements as of any future date.

Consistent with previous practice, the first quarter press release includes both net income and earnings excluding special items. In 2005, there was a special item reported in the first quarter. In 2004, there was a special item reported in the third quarter. Earnings that exclude the aforementioned items are a non-GAAP financial measure and are included to help facilitate comparisons of base business performance across periods. A reconciliation to net income is shown in Attachment II. Further information on ExxonMobil's frequently used financial and operating measures is contained on pages 28 and 29 in the 2004 Form 10-K and is also available through our website at www.exxonmobil.com.

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ATTACHMENT I

EXXON MOBIL CORPORATION

FIRST QUARTER 2005

(millions of dollars, except per share amounts)

First Quarter

2005

2004

EARNINGS / EARNINGS PER SHARE

Total revenues and other income

82,051

67,602

Total costs and other deductions

69,148

58,640

Income before income taxes

$12,903

$8,962

Income taxes

5,043

3,522

Net income (U.S. GAAP)

$7,860

$5,440

Net income per common share (dollars)

$1.23

$0.83

Net income per common share

- assuming dilution (dollars)

$1.22

$0.83

OTHER FINANCIAL DATA

Dividends on common stock

Total

$1,728

$1,642

Per common share

$0.27

$0.25

Millions of common shares outstanding

At March 31

6,366

6,540

Average - assuming dilution

6,421

6,582

Shareholders' equity at March 31

$103,698

$91,681

Capital employed at March 31

$114,171

$104,180

Income taxes

5,043

3,522

Excise taxes

7,238

6,416

All other taxes

10,944

10,853

Total taxes

$23,225

$20,791

ExxonMobil's share of income taxes

of equity companies

$493

$389

ATTACHMENT II

EXXON MOBIL CORPORATION

FIRST QUARTER 2005

FUNCTIONAL EARNINGS

(millions of dollars)

First Quarter

2005

2004

Net Income (U.S. GAAP)

Upstream

United States

1,353

1,154

Non-U.S.

3,701

2,859

Downstream

United States

645

392

Non-U.S.

808

612

Chemical

United States

492

118

Non-U.S.

940

446

Corporate and financing

(79)

(141)

Net income (U.S. GAAP)

$7,860

$5,440

Special Items

Downstream

Non-U.S.

310

Chemical

Non-U.S.

150

Corporate total

$460

Earnings Excluding Special Items

Upstream

United States

1,353

1,154

Non-U.S.

3,701

2,859

Downstream

United States

645

392

Non-U.S.

498

612

Chemical

United States

492

118

Non-U.S.

790

446

Corporate and financing

(79)

(141)

Corporate total

$7,400

$5,440

ATTACHMENT III

EXXON MOBIL CORPORATION

FIRST QUARTER 2005

First Quarter

2005

2004

Net production of crude oil

and natural gas liquids,

thousands of barrels daily (kbd)

United States

542

598

Canada

358

369

Europe

575

607

Asia Pacific

174

216

Africa

596

543

Other Non-U.S.

298

302

Worldwide

2,543

2,635

Natural gas production available for sale,

millions of cubic feet daily (mcfd)

United States

1,881

2,076

Canada

923

1,009

Europe

5,751

6,034

Asia Pacific

1,312

1,591

Other Non-U.S.

886

778

Worldwide

10,753

11,488

Oil-equivalent production (koebd)*

4,335

4,550

(continued)

*Gas converted to oil-equivalent at 6 million cubic feet = 1 thousand barrels

ATTACHMENT III (continued)

EXXON MOBIL CORPORATION

FIRST QUARTER 2005

First Quarter

2005

2004

Petroleum product sales (kbd)

United States

2,870

2,758

Canada

620

615

Europe

2,055

2,128

Asia Pacific

1,844

1,725

Other Non-U.S.

840

900

Worldwide

8,229

8,126

Gasolines, naphthas

3,144

3,157

Heating oils, kerosene, diesel

2,690

2,651

Aviation fuels

691

659

Heavy fuels

718

642

Specialty products

986

1,017

Total

8,229

8,126

Refinery throughput (kbd)

United States

1,860

1,781

Canada

481

478

Europe

1,566

1,616

Asia Pacific

1,533

1,412

Other Non-U.S.

309

Worldwide

5,749

5,596

Chemical prime product sales,

thousands of metric tons (kt)

United States

2,838

2,803

Non-U.S.

4,100

3,989

Worldwide

6,938

6,792

ATTACHMENT IV

EXXON MOBIL CORPORATION

FIRST QUARTER 2005

(millions of dollars)

First Quarter

2005

2004

Capital and Exploration Expenditures

Upstream

United States

441

455

Non-U.S.

2,371

2,249

Total

2,812

2,704

Downstream

United States

148

202

Non-U.S.

304

308

Total

452

510

Chemical

United States

Non-U.S.

Total

148

132

Other

Worldwide

$3,417

$3,401

Exploration expenses charged to income

included above

Consolidated affiliates

United States

Non-U.S.

147

131

Equity companies - ExxonMobil share

Non-U.S.

Worldwide

$173

$174

ATTACHMENT V

EXXON MOBIL CORPORATION

NET INCOME

$ Millions

Per Common Share

2001

First Quarter

5,000

0.72

Second Quarter

4,460

0.66

Third Quarter

3,180

0.46

Fourth Quarter

2,680

0.39

Year

$15,320

$2.23

2002

First Quarter

2,090

0.30

Second Quarter

2,640

0.40

Third Quarter

2,640

0.39

Fourth Quarter

4,090

0.60

Year

$11,460

$1.69

2003

First Quarter

7,040

1.05

Second Quarter

4,170

0.63

Third Quarter

3,650

0.55

Fourth Quarter

6,650

1.01

Year

$21,510

$3.24

2004

First Quarter

5,440

0.83

Second Quarter

5,790

0.89

Third Quarter

5,680

0.88

Fourth Quarter

8,420

1.31

Year

$25,330

$3.91

2005

First Quarter

7,860

1.23

Exxon Mobil Corporation 8-k 99.2

Exhibit 99.2
EXXON MOBIL CORPORATION

1Q05 INVESTOR RELATIONS DATA SUMMARY (PAGE 1 of 6)

Net Income (U.S. GAAP), $M	1Q05	4Q04	3Q04	2Q04	1Q04
Upstream
United States	1,353	1,384	1,173	1,237	1,154
Non-U.S.	3,701	3,503	2,756	2,609	2,859
Total	5,054	4,887	3,929	3,846	4,013
Downstream
United States	645	876	11	907	392
Non-U.S.	808	1,468	840	600	612
Total	1,453	2,344	851	1,507	1,004
Chemical
United States	492	425	329	148	118
Non-U.S.	940	823	680	459	446
Total	1,432	1,248	1,009	607	564

Corporate and financing	(79)	(59)	(109)	(170)	(141)
Net income (U.S. GAAP)	7,860	8,420	5,680	5,790	5,440
Net income per common share (U.S. GAAP)	1.23	1.31	0.88	0.89	0.83
Net income per common share
- assuming dilution (U.S. GAAP)	1.22	1.30	0.88	0.88	0.83

Special Items $M
Upstream
United States	0	0	0	0	0
Non-U.S.	0	0	0	0	0
Total	0	0	0	0	0
Downstream
United States	0	0	(550)	0	0
Non-U.S.	310	0	0	0	0
Total	310	0	(550)	0	0
Chemical
United States	0	0	0	0	0
Non-U.S.	150	0	0	0	0
Total	150	0	0	0	0

Corporate and financing	0	0	0	0	0
Corporate total	460	0	(550)	0	0

Earnings Excluding Special Items $M
Upstream
United States	1,353	1,384	1,173	1,237	1,154
Non-U.S.	3,701	3,503	2,756	2,609	2,859
Total	5,054	4,887	3,929	3,846	4,013
Downstream
United States	645	876	561	907	392
Non-U.S.	498	1,468	840	600	612
Total	1,143	2,344	1,401	1,507	1,004
Chemical
United States	492	425	329	148	118
Non-U.S.	790	823	680	459	446
Total	1,282	1,248	1,009	607	564

Corporate and financing	(79)	(59)	(109)	(170)	(141)
Corporate total	7,400	8,420	6,230	5,790	5,440
EPS excluding Special Items - assuming dilution	1.15	1.30	0.96	0.88	0.83

EXXON MOBIL CORPORATION

1Q05 INVESTOR RELATIONS DATA SUMMARY (PAGE 2 of 6)

Supplemental Information (continued)

Net production of crude oil and	1Q05	4Q04	3Q04	2Q04	1Q04
natural gas liquids, kbd
United States	542	534	522	576	598
Canada	358	357	339	356	369
Europe	575	564	554	608	607
Asia Pacific	174	189	204	198	216
Africa	596	612	588	542	543
Other Non-U.S.	298	309	298	301	302
Total liquids production	2,543	2,565	2,505	2,581	2,635

Natural gas production available for sale, mcfd
United States	1,881	1,810	1,918	1,987	2,076
Canada	923	951	954	974	1,009
Europe	5,751	5,370	3,302	3,756	6,034
Asia Pacific	1,312	1,382	1,516	1,590	1,591
Other Non-U.S.	886	917	798	754	778
Total natural gas production available for sale	10,753	10,430	8,488	9,061	11,488

Total worldwide liquids and gas production, koebd	4,335	4,303	3,920	4,091	4,550

Refinery throughput, kbd
United States	1,860	1,881	1,885	1,854	1,781
Canada	481	470	481	441	478
Europe	1,566	1,701	1,663	1,671	1,616
Asia Pacific	1,533	1,491	1,473	1,314	1,412
Other Non-U.S.	309	309	307	309	309
Total refinery throughput	5,749	5,852	5,809	5,589	5,596

Petroleum product sales, kbd
United States	2,870	2,993	2,869	2,865	2,758
Canada	620	643	619	584	615
Europe	2,055	2,167	2,156	2,106	2,128
Asia Pacific	1,844	1,751	1,695	1,585	1,725
Other Non-U.S.	840	892	903	883	900
Total petroleum product sales	8,229	8,446	8,242	8,023	8,126

Gasolines, naphthas	3,144	3,380	3,363	3,302	3,157
Heating oils, kerosene, diesel	2,690	2,609	2,446	2,360	2,651
Aviation fuels	691	722	731	679	659
Heavy fuels	718	693	655	649	642
Specialty products	986	1,042	1,047	1,033	1,017
Total petroleum product sales	8,229	8,446	8,242	8,023	8,126

Chemical prime product sales, kt
United States	2,838	2,871	2,922	2,925	2,803
Non-U.S.	4,100	4,078	4,195	4,005	3,989
Total chemical prime product sales	6,938	6,949	7,117	6,930	6,792

EXXON MOBIL CORPORATION

1Q05 INVESTOR RELATIONS DATA SUMMARY (PAGE 3 of 6)

Supplemental Information (continued)

Average Realization Data	1Q05	4Q04	3Q04	2Q04	1Q04
United States
ExxonMobil
Crude ($/B)	42.76	38.85	39.39	33.80	31.20
Natural Gas ($/kCF)	6.08	6.61	5.67	5.96	5.59

Benchmarks
WTI ($/B)	49.70	48.29	43.86	38.31	35.23
ANS-WC ($/B)	44.86	42.61	41.80	37.02	34.14
Henry Hub ($/MBTU)	6.27	7.07	5.75	6.00	5.69

Non-U.S.
ExxonMobil
Crude ($/B)	42.57	39.66	39.37	33.68	30.54
Natural Gas ($/kCF)	5.47	5.13	4.19	4.01	4.42
European NG ($/kCF)	5.88	5.33	4.24	4.01	4.56

Benchmarks
Brent ($/B)	47.50	43.99	41.54	35.36	31.95

Capital and Exploration Expenditures, $M
Upstream
United States	441	520	483	464	455
Non-U.S.	2,371	2,774	2,394	2,376	2,249
Total	2,812	3,294	2,877	2,840	2,704
Downstream
United States	148	175	202	196	202
Non-U.S.	304	496	398	428	308
Total	452	671	600	624	510
Chemical
United States	55	79	68	64	51
Non-U.S.	93	177	86	84	81
Total	148	256	154	148	132
Other	5	12	3	5	55

Total Capital and Exploration Expenditures	3,417	4,233	3,634	3,617	3,401

Exploration Expense Charged to Income, $M
Consolidated - United States	21	41	66	46	39
- Non-U.S.	147	268	328	164	131
Non-consolidated - ExxonMobil share - United States	0	9	0	0	0
- Non-U.S.	5	16	7	0	4
Total Exploration Expense Charged to Income	173	334	401	210	174

Effective Income Tax Rate, %	41.3%	37.9%	41.9%	40.5%	41.8%

Common Shares Outstanding (millions)
At quarter end	6,366	6,401	6,451	6,506	6,540
Average - assuming dilution	6,421	6,461	6,508	6,547	6,582

Cash Flows from Operations and Asset Sales ($G)
Net cash provided by operating activities	13.0	12.4	9.4	8.7	10.1
Sales of subsidiaries, investments and PP&E	1.8	0.7	0.6	0.9	0.5
Cash flows from operations and asset sales	14.8	13.1	10.0	9.6	10.6

The above numbers reflect ExxonMobil's current estimate of volumes and realizations given data available as of the end of the
first quarter of 2005. Volumes and realizations may be adjusted when full statements on joint venture operations are
received from outside operators. ExxonMobil management assumes no duty to update these estimates.

EXXON MOBIL CORPORATION

1Q05 INVESTOR RELATIONS DATA SUMMARY (PAGE 4 of 6)

;

Upstream Earnings Reconciliations

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EXXON MOBIL CORPORATION

1Q05 INVESTOR RELATIONS DATA SUMMARY (PAGE 5 of 6)

;

Downstream Earnings Reconciliations

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EXXON MOBIL CORPORATION

1Q05 INVESTOR RELATIONS DATA SUMMARY (PAGE 6 of 6)

;

Chemical Earnings Reconciliations

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