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, 2010



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

5-10

 

 

Supplemental Schedule

 

 

 

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

11-13

 

 

Report of Independent Registered Public Accounting Firm

14

 

 

Signature

15

 

 

Exhibit Index

16

 

 

Exhibit 23 - Consent of Independent Registered Public Accounting Firm

17






















-2-



EXXONMOBIL SAVINGS PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

(millions of dollars)




 

 

December 31,

 

 

 

 

 

 

 

 

2010

 

 

2009


Assets

 

 

 

 

 

 

 

 

 

 

 

Investments, at fair value (Note 7):

 

 

 

 

 

 

 

 

 

 

 

   Exxon Mobil Corporation common stock

$

12,518

 

$

11,863

 

 

 

 

 

 

   Other investments

 

6,512

 

 

6,056

 

 

 

 

 

 

       Total investments

 

19,030

 

 

17,919

 

 

 

 

 

 

Receivables:

 

 

 

 

 

 

 

 

 

 

 

   Notes receivable from participants (Note 2)

 

219

 

 

220

 

 

 

 

 

 

   Accrued interest

 

6

 

 

9

 

 

 

 

 

 

   Other receivables

  

7

 

 

-

 

 

 

 

 

 

      Total receivables

 

232

 

 

229

 

 

 

 

 

 

           Total assets

 

19,262

 

 

18,148

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

Payables and accrued liabilities

 

42

 

 

34

 

 

 

 

 

 

Payable for cash collateral on securities loaned

 

219

 

 

231

 

 

 

 

 

 

           Total liabilities

 

261

 

 

265

 

 

 

 

 

 

Net assets available for benefits

$

19,001

 

$

17,883












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, 2010

(millions of dollars)




Additions:

 

 

 

 

 

 

 

 

 

   Contributions:

 

 

 

 

 

 

 

 

 

      Employer

 

$

258

 

      Participant

 

 

422

 

      Transfers-in at fair value

 

 

5

 

 

 

 

 

 

          Total contributions

 

 

685

 

 

 

 

 

 

   Investment income:

 

 

 

 

 

 

 

 

 

      Interest

 

 

63

 

      Dividends

 

 

301

 

      Net appreciation in fair value of investments (Note 6)

 

 

1,393

 

 

 

 

 

 

           Net investment income

 

 

1,757

 

 

 

 

 

 

   Interest income on notes receivable from participants

 

 

10

 

 

 

 

 

 

               Total additions

 

 

2,452

 

 

 

 

 

 

Deductions:

 

 

 

 

 

 

 

 

 

   Benefit payments

 

 

(1,334

)

 

 

 

 

 

              Total deductions

 

 

(1,334

)

 

 

 

 

 

                  Net increase

 

 

1,118

 

 

 

 

 

 

Net assets available for benefits:

 

 

 

 

 

 

 

 

 

   Beginning of year

 

 

17,883

 

 

 

 

 

 

   End of year

 

$

19,001

 

 









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 the “Company") and certain affiliated employers.  The terms and conditions of the Plan are contained in the ExxonMobil Benefit Plans 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").


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 a participant’s eligible pay.


Employees who are at least age 50 during the plan year and who maximize their regular pretax 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 2010, employer contributions totaling $0.7 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.


Authoritative guidance clarifying the classification and measurement of participant loans by defined contribution pension plans requires participant loans to be classified as notes receivable from participants rather than as investments, as previously required.  Participant loans are measured at their unpaid principal balance plus any accrued but unpaid interest.  Such loans have been reclassified accordingly for the periods presented.  Net assets available for benefits were not affected.


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, 2010 and 2009.  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 $215 million and $225 million, at December 31, 2010 and 2009, 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, 2010 and 2009.  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 accounting principles generally accepted in the United States of America 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.





-6-


EXXONMOBIL SAVINGS PLAN



NOTES TO FINANCIAL STATEMENTS




Note 3:  Party-in-Interest Transactions


During 2010, 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 May 19, 2011, that the Plan is qualified and the trust established under the Plan is tax-exempt under the appropriate sections of the Internal Revenue Code, provided that pre-approved amendments are adopted timely.  The Plan has been amended since requesting 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,

 

2010

 

2009


Exxon Mobil Corporation

 

 

 

common stock, 171 and 174

 

 

 

million shares, respectively

$12,518

 

$11,863

 

 

 

 

NTGI-QM Coltv Daily S&P 500

 

 

 

Equity Index Fund, 488 and 499

 

 

 

thousand units, respectively

1,803

 

1,603

 

 

 

 

NTGI-QM Coltv Daily Extended

 

 

 

Equity Index Fund, 3,631 thousand

1,121

 

*

units

 

 

 


* Investment was less than 5% of the Plan’s total net assets available for benefits at December 31, 2009.




-7-


EXXONMOBIL SAVINGS PLAN



NOTES TO FINANCIAL STATEMENTS




Note 6:  Investments (continued)


During 2010, the Plan's investments (including gains and losses on investments bought and sold, as well as held during the year) appreciated in value by $1,393 million as follows:


 

 

(millions of dollars)


 

ExxonMobil common stock

$  849

 

 

Common collective trusts

556

 

 

Government securities

(12

)

 

Corporate debt securities

(1

)

 

Other

1

 

 

 

 

 

 

 

$1,393

 




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


The authoritative guidance for fair value measurements provides a framework for measuring fair value. The framework establishes a three-level fair value hierarchy based on the nature of the information used to measure fair value.  The terms “Level 1” and “Level 2” are accounting terms that refer to different methods of valuing assets.  The terms do not represent the relative risk or credit quality of an investment.  The fair value hierarchies for the Plan assets are not a measure of the ability of the Plan to meet plan benefit obligations.


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



-8-


EXXONMOBIL SAVINGS PLAN



NOTES TO FINANCIAL STATEMENTS




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



 

Fair Value Measurements at

December 31, 2010 Using


(millions of dollars)

 

 



Quoted Prices in Active Markets for Identical Assets

 

Significant Other Observable Inputs

 

Description of investments

Value

 

(Level 1)

 

(Level 2)

 

 

 

 

 

 

 

 

ExxonMobil common stock

$12,518

 

$12,518

(1)

 

 

Common Assets Fund:

 

 

 

 

 

 

  Fixed Income

2,195

 

 

 

$ 2,195

(3)

  Short Term Investments

98

 

98

(2)

 

 

  Securities lending collateral fund

219

 

 

 

219

(4)

Common collective trusts:

 

 

 

 

 

 

  S&P 500 Fund

1,803

 

 

 

1,803

(5)

  Small & Mid Cap Fund

1,121

 

 

 

1,121

(5)

  International Equity Fund

691

 

 

 

691

(5)

  Aggregate Bond Fund

385

 

 

 

385

(6)

 

 

 

 

 

 

 

   Total

$19,030

 

$12,616

 

$ 6,414

 



1)

For ExxonMobil common stock, fair value is based on observable quoted prices on an active exchange.

2)

For short term investments, fair value is based on observable quoted prices on an active exchange.

3)

For fixed income assets, fair value is based on observable inputs of comparable market transactions.

4)

For securities lending collateral fund investments, fair value is based on observable inputs of comparable market transactions.

5)

For investments in common and preferred stocks held in the form of units in common collective trusts that are redeemable daily at the unit value, including the measurement date, the unit value is treated as a Level 2 input.  The fair value of the underlying securities owned by the common collective trusts is based on observable quoted prices on an active exchange which are Level 1 inputs.

6)

For investments in debt securities and fixed income assets held in the form of units in common collective trusts that are redeemable daily at the unit value, including the measurement date, the unit value is treated as a Level 2 input.






-9-


EXXONMOBIL SAVINGS PLAN



NOTES TO FINANCIAL STATEMENTS



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



 

Fair Value Measurements at

December 31, 2009 Using


(millions of dollars)

 

 



Quoted Prices in Active Markets for Identical Assets

 

Significant Other Observable Inputs

 

Description of investments

Value

 

(Level 1)

 

(Level 2)

 

 

 

 

 

 

 

 

ExxonMobil common stock

$11,863

 

$11,863

(1)

 

 

Common Assets Fund:

 

 

 

 

 

 

  Fixed income

2,221

 

 

 

$ 2,221

(3)

  Short term investments

183

 

183

(2)

 

 

  Securities lending collateral fund

231

 

 

 

231

(4)

Common collective trusts:

 

 

 

 

 

 

  S&P 500 Fund

1,603

 

 

 

1,603

(5)

  Small & Mid Cap Fund

860

 

 

 

860

(5)

  International Equity Fund

638

 

 

 

638

(5)

  Aggregate Bond Fund

320

 

 

 

320

(6)

 

 

 

 

 

 

 

   Total

$17,919

 

$12,046

 

$ 5,873

 



1)

For ExxonMobil common stock, fair value is based on observable quoted prices on an active exchange.

2)

For short term investments, fair value is based on observable quoted prices on an active exchange.

3)

For fixed income assets, fair value is based on observable inputs of comparable market transactions.

4)

For securities lending collateral fund investments, fair value is based on observable inputs of comparable market transactions.

5)

For investments in common and preferred stocks held in the form of units in common collective trusts that are redeemable daily at the unit value, including the measurement date, the unit value is treated as a Level 2 input.  The fair value of the underlying securities owned by the common collective trusts is based on observable quoted prices on an active exchange which are Level 1 inputs.

6)

For investments in debt securities and fixed income assets held in the form of units in common collective trusts that are redeemable daily at the unit value, including the measurement date, the unit value is treated as a Level 2 input.





Note 8:  Subsequent Event


On June 25, 2010, Exxon Mobil Corporation acquired XTO Energy Inc. (“XTO”) and on January 1, 2011, the XTO Energy Inc. Employees’ 401(k) Plan (the “XTO Plan”) merged into the Plan.  At that time, the XTO Plan’s net assets available for benefits of $558 million were transferred into the Plan.


-10-


SCHEDULE H


EXXONMOBIL SAVINGS PLAN

SCHEDULE H, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2010


(a)

(b)

(c)

(d)

(e)

 

IDENTITY OF ISSUE

DESCRIPTION OF INVESTMENT

COST

**

CURRENT

VALUE

 

 

 coupon

   maturity

  par/units

 

 

 

 

 

 

(000’s)

 

($000’s)

 

 

 

 

 

 

 

 

U.S. GOVERNMENT SECURITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

CITIGROUP FDG INC FDIC GTD NT 

2.125%

7/12/2012

5,000

 

$        5,113

 

CITIGROUP INC FDIC GTD NT

2.875%

12/9/2011

10,000

 

10,231

 

FED HOME LOAN MTG CORP

3.750%

6/28/2013

10,000

 

10,710

 

FED HOME LOAN MTG CORP DEB 

4.875%

11/15/2013

15,000

 

16,627

 

FED HOME LOAN MTG CORP NT

4.500%

7/15/2013

22,000

 

23,969

 

FED HOME LOAN MTG CORP PREASSIGN

5.125%

4/18/2011

55,000

 

55,785

 

FED HOME LOAN MTG CORP PREASSIGN

1.625%

4/15/2013

35,000

 

35,614

 

FED HOME LOAN MTG CORP PREASSIGN

1.500%

1/7/2011

25,000

 

25,003

 

FED HOME LOAN MTG CORP PREASSIGN

1.750%

6/15/2012

20,000

 

20,352

 

FED HOME LOAN MTG CORP PREASSIGN

3.250%

2/25/2011

20,000

 

20,083

 

FED HOME LOAN MTG CORP PREASSIGN

5.500%

8/20/2012

10,000

 

10,794

 

FED HOME LOAN MTG CORP PREASSIGN

3.500%

5/29/2013

10,000

 

10,621

 

FED HOME LOAN MTG CORP PREASSIGN

4.125%

9/27/2013

5,000

 

5,418

 

FEDERAL HOME LOAN BANK

3.625%

7/1/2011

45,000

 

45,764

 

FEDERAL HOME LOAN BANK

1.875%

6/20/2012

10,000

 

10,198

 

FEDERAL HOME LOAN BANK BD

0.875%

12/27/2013

12,000

 

11,895

 

FEDERAL HOME LOAN BANK BD

1.625%

3/20/2013

5,000

 

5,090

 

FEDERAL HOME LOAN BANK BD

1.500%

1/16/2013

5,000

 

5,079

 

FEDERAL HOME LOAN BANK BOND

3.625%

9/16/2011

25,000

 

25,587

 

FEDERAL HOME LOAN BANK CONS BD

3.375%

6/24/2011

25,000

 

25,350

 

FEDERAL HOME LOAN BANK PREASSIGN

5.375%

8/19/2011

25,000

 

25,781

 

FEDERAL HOME LOAN BANK PREASSIGN

5.000%

10/13/2011

10,000

 

10,358

 

FEDERAL NATL MTG ASSN

6.000%

5/15/2011

40,000

 

40,846

 

FEDERAL NATL MTG ASSN

1.000%

11/23/2011

40,000

 

40,227

 

FEDERAL NATL MTG ASSN

1.250%

8/20/2013

30,000

 

30,196

 

FEDERAL NATL MTG ASSN

5.500%

3/15/2011

25,000

 

25,263

 

FEDERAL NATL MTG ASSN

4.375%

9/15/2012

5,000

 

5,318

 

FEDERAL NATL MTG ASSN BD

0.750%

12/18/2013

27,000

 

26,698

 

FEDERAL NATL MTG ASSN NT

5.000%

2/16/2012

15,000

 

15,755

 

FEDERAL NATL MTG ASSN NT

1.750%

5/7/2013

15,000

 

15,320

 

FEDERAL NATL MTG ASSN NT

4.375%

3/15/2013

12,000

 

12,930

 

FEDERAL NATL MTG ASSN NT

4.625%

10/15/2013

10,000

 

10,977

 

FEDERAL NATL MTG ASSN NT

4.875%

5/18/2012

10,000

 

10,597

 

FEDERAL NATL MTG ASSN NT

1.750%

2/22/2013

5,000

 

5,106

 

FEDERAL NATL MTG ASSN PREASSIGN

5.125%

4/15/2011

60,000

 

60,847

 

FEDERAL NATL MTG ASSN PREASSIGN

5.375%

11/15/2011

30,000

 

31,292

 

FEDERAL NATL MTG ASSN TRANCHE 00540

1.750%

8/10/2012

10,000

 

10,187

 

GEN ELEC CAP CRP MED TRM FDIC GTD NTS

3.000%

12/9/2011

10,000

 

10,240

 

GEN ELEC CAP CRP MED TRM FDIC GTD NTS

2.250%

3/12/2012

5,000

 

5,106

 

JPMORGAN CHASE & CO FDIC GTD NT

2.125%

6/22/2012

10,000

 

10,223

 

U S BANCORP MD TRM SR FDIC GTD NT

1.800%

5/15/2012

10,000

 

10,166


-11-

SCHEDULE H


EXXONMOBIL SAVINGS PLAN

SCHEDULE H, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2010


(a)

(b)

(c)

(d)

(e)

 

IDENTITY OF ISSUE

DESCRIPTION OF INVESTMENT

COST

**

CURRENT

VALUE

 

 

 coupon

   maturity

  par/units

 

 

 

 

 

 

(000’s)

 

($000’s)

 

 

 

 

 

 

 

 

US SAVINGS BDS SER EE

3.000%

3/1/2038

94,202

 

$      94,202

 

US SAVINGS BDS SER EE

1.300%

2/1/2039

87,077

 

87,077

 

US SAVINGS BDS SER EE

1.400%

6/1/2040

85,420

 

85,420

 

US SAVINGS BDS SER I

3.150%

1/1/2033

216,512

 

216,512

 

US SAVINGS BDS SER I

2.250%

2/1/2039

179,209

 

179,209

 

US SAVINGS BDS SER I

1.840%

1/1/2040

173,608

 

173,608

 

US SAVINGS BDS SER I

3.560%

10/1/2032

116,006

 

116,006

 

US SAVINGS BDS SER I

4.560%

10/1/2031

251,457

 

251,457

 

US SAVINGS BDS SER I

2.750%

2/1/2038

194,208

 

194,208

 

 

 

 

 

 

 

 

   TOTAL U.S. GOVERNMENT SECURITIES

 

 

 

 

$ 2,190,415

 

 

 

 

 

 

 

 

CORPORATE DEBT SECURITIES

 

 

 

 

 

 

 

 

 

 

 

 

HARLEY-DAVIDSON

5.520%

11/15/2013

2,934

 

$        3,022

 

HARLEY-DAVIDSON

5.350%

3/15/2013

1,807

 

1,826

 

WACHOVIA AUTO LN

5.290%

4/20/2012

303

 

304

 

 

 

 

 

 

 

 

   TOTAL CORPORATE DEBT SECURITIES

 

 

 

 

$        5,152

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*

PARTICIPANT LOANS                                3.75% to 10.5%

Maturity from 1 to 183 months

$    219,518

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 




-12-


SCHEDULE H


EXXONMOBIL SAVINGS PLAN

SCHEDULE H, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2010


(a)

(b)

(c)

(d)

(e)

 

IDENTITY OF ISSUE

DESCRIPTION OF INVESTMENT

COST

**

CURRENT

VALUE

 

 

coupon

 maturity

 par/units

 

 

 

 

 

 

(000’s)

 

($000’s)

 

 

 

 

 

 

 

 

COMMON COLLECTIVE TRUSTS

 

 

 

 

 

 

 

*

NTGI-QM COLTV DAILY S&P 500 EQUITY INDEX FUND

 

 

  488

 

$    1,803,418

*

NTGI-QM COLTV DAILY SMALLCAP EQUITY INDEX FUND

 

 

3,631

 

      1,120,823

*

NTGI-QM COLTV DAILY EAFE INDEX
FUND

 

 

1,859

 

        690,511

*

NTGI-QM COLTV DAILY AGGREGATE

BOND FUND

 

 

   896

 

        385,097

 

 

 

 

 

 

 

 

      TOTAL COMMON COLLECTIVE TRUSTS

 

 

 

 

$   3,999,849

 

 

 

 

 

 

 

 

REGISTERED INVESTMENT FUNDS

 

 

 

 

 

 

 

 

 

 

 

 

*

MFB NORTHERN INSTL FDS GOVT SELECT

 

 

 

 

$        97,402

 

MFO JPMORGAN TR II U S GOVT MONEY MKT FD

 

 

 

                 91

 

MFO MONEY MKT OBLIGS TR GOVT OBLIGS FD

 

 

 

 

                 87

 

 

 

 

 

 

 

 

      TOTAL REGISTERED INVESTMENT FUNDS

 

 

 

 

$       97,580

 

 

 

 

 

 

 

 

OTHER

 

 

 

 

 

 

 

 

 

 

 

 

*

CORE USA COLLATERAL FUND

 

 

 

 

$     218,789

 

 

 

 

 

 

 

 

COMMON STOCK

 

 

 

 

 

 

 

 

 

 

 

 

*

EXXON MOBIL CORPORATION

 

 

171,195

 

$12,517,876

 

 

 

 

 

 

 

        TOTAL ASSETS HELD FOR INVESTMENT PURPOSES

 

 

 

$19,249,179

 

 

 

 

 

 

 






*   Party-in-interest as defined by ERISA

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





-13-





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, 2010 and 2009 and the changes in net assets available for benefits for the year ended December 31, 2010 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) 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.



/s/ PricewaterhouseCoopers LLP


Houston, Texas

June 14, 2011












-14-


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 14, 2011
































-15-




EXHIBIT INDEX




EXHIBIT

SUBMISSION MEDIA


23.

Consent of PricewaterhouseCoopers LLP,

Electronic

Independent Registered Public Accounting Firm

Dated June 14, 2011














































-16-


ExxonMobil Savings Plan 11-K Exhibit 23


EXHIBIT 23




CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM


We hereby consent to the incorporation by reference in the Registration Statements on Form S-8 (Nos. 333-72955 and 333-166576) of Exxon Mobil Corporation of our report dated June 14, 2011, relating to the financial statements and supplemental schedule of the ExxonMobil Savings Plan, which appears in this Form 11-K.




/s/ PricewaterhouseCoopers LLP


Houston, Texas

June 14, 2011










































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