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, 2004
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:
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 |
|
|
Statement of Net Assets Available for Benefits at December 31, 2004 and 2003 |
3 |
|
Statement of Changes in Net Assets Available for Benefits, for the Year ended December 31, 2004 |
4 |
|
Notes to Financial Statements |
5-9 |
|
Supplemental Schedule |
|
|
Schedule H, Line 4i - Schedule of Assets (Held At End of Year) at December 31, 2004 |
10-14 |
|
Report of Independent Registered Public Accounting Firm |
15 |
|
Signature |
16 |
|
Exhibit Index |
17 |
|
Exhibit 23 - Consent of Independent Registered Public Accounting Firm |
18 |
-2-
EXXONMOBIL SAVINGS PLAN
STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS
(millions of dollars)
|
December 31, | |||||
|
2004 |
2003 | ||||
|
Assets |
|||||
|
Investments, at fair value (see note 6): |
|||||
|
Exxon Mobil Corp common stock |
$ |
11,056 |
$ |
9,306 | |
|
Other investments |
5,925 |
5,491 | |||
|
Total investments |
16,981 |
14,797 | |||
|
Cash |
- |
1 | |||
|
Accrued interest |
10 |
11 | |||
|
Other receivables |
1 |
39 | |||
|
Total assets |
16,992 |
14,848 | |||
|
Liabilities |
|||||
|
Payables and accrued liabilities |
28 |
29 | |||
|
Total liabilities |
28 |
29 | |||
|
Net assets available for benefits |
$ |
16,964 |
$ |
14,819 |
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, 2004
(millions of dollars)
|
Contributions: |
||||
|
Employer |
$ |
202 |
||
|
Employee |
321 |
|||
|
Transfers in |
2 |
|||
|
Total contributions |
525 |
|||
|
Investment income: |
||||
|
Interest |
84 |
|||
|
Dividends |
232 |
|||
|
Net appreciation in fair value |
||||
|
of investments (see note 6) |
2,588 |
|||
|
Total investment income |
2,904 |
|||
|
Deductions: |
||||
|
Benefit payments |
(1,284 |
) | ||
|
Total deductions |
(1,284 |
) | ||
|
Net increase |
2,145 |
|||
|
Net assets available for benefits: |
||||
|
At the beginning of the year |
14,819 |
|||
|
At the end of the year |
$ |
16,964 |
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
The participants in the ExxonMobil Savings Plan ("Savings Plan") are eligible employees and former employees of Exxon Mobil Corporation ("ExxonMobil" or "Company") and certain affiliated employers. The terms and conditions of the Savings 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 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. In addition, effective February 8, 2002, the entire Savings Plan has been designated an Employee Stock Ownership Plan ("ESOP"), a plan designed to invest primarily in employer securities.
Contributions
The Savings Plan permits participant contributions of up to 20% of compensation and a 100% Company match on the first 6% of compensation. Up to an additional 1% Company match may be received if the participant elects for the Company match to be directed to the Stock Match Account ("SMA"). The restriction on the SMA stipulates that 75% of the assets in the SMA must be invested in ExxonMobil stock. Employees who are at least age 50 during the plan year and who maximize their before-tax contributions may elect to make additional pretax ("catch-up") contributions. More details of Company match, SMA, and catch-up contributions may be found in the Plan Document.
Vesting
Participants are immediately vested in their contributions and 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 of the participating employee.
Forfeitures
During 2004, $1 million of employer matching contributions were forfeited by terminating employees before those amounts became vested. Such forfeited amounts are used to reduce employer contributions.
-5-
EXXONMOBIL SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
Other Plan Provisions
Other Savings Plan provisions including eligibility, enrollment, participation, forfeiture, loans, withdrawals, distributions, and investment options are described in the Plan Document.
Plan Termination
The Company may terminate or amend the Savings Plan at any time. In the event of termination, the net assets of the Savings Plan will be distributed in accordance with the Employee Retirement Income Security Act of 1974.
Note 2: Accounting Policies
Basis of Accounting
The financial statements of the Savings Plan are presented on the accrual basis of accounting except benefit payments which are reported on a cash basis to conform with generally accepted accounting principles.
Investment Valuation and Income Recognition
Investments are stated at fair value. Fair 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 Common Asset Fund includes certain guaranteed investment contracts ("GICs") which are stated at contract 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. There are no reserves against contract value for credit risk of the contract issuer or otherwise. The average crediting interest rates of these GICs for the years ended December 31, 2004 and 2003 were 4.4% and 4.5%, respectively. The annualized crediting interest rates at December 31, 2004 and 2003 were 5.2% and 4.5%, respectively. Crediting rates fluctuate with the activities of the underlying contracts. There is no minimum crediting interest rate.
-6-
EXXONMOBIL SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
Under the terms of its trust agreement, the Savings Plan engaged in authorized security lending activities during the years ended December 31, 2004 and 2003. The market value of securities on loan and the collateral held at The Northern Trust Company at December 31, 2004 was $258 million and $263 million, respectively. The market value of securities on loan and the collateral held at The Northern Trust Company at December 31, 2003 was $241 million and $247 million, respectively. 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. Collateral held consists of cash, letters of credit, and government securities. At December 31, 2004 and 2003, the market value of all collateral held was at least 102%. 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, 2004 and 2003.
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.
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.
Transfers in include participant-initiated rollovers of certain distributions from other tax-qualified plans into the Savings 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.
-7-
EXXONMOBIL SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
Note 3: Related-Party Transactions
During 2004, certain Savings Plan investments were shares of various funds managed by Barclays Global Investors, N.A., and The Northern Trust Company. These parties also provided custodial and other fiduciary services to the Savings 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 Savings Plan administrators by a letter dated November 14, 2002, that the Savings Plan is qualified and the trusts established under the Savings Plan are tax-exempt, under the appropriate sections of the Internal Revenue Code ("Code"). The Savings Plan has been amended since receiving the determination letter. However, counsel for Exxon Mobil Corporation believes that the Savings Plan is currently designed and is being operated in compliance with the applicable requirements of the Code and therefore, was qualified and the related trust was tax-exempt 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, management fees, and brokerage commissions. 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.
-8-
EXXONMOBIL SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
Note 6: Investments
On May 1, 2004, the five investment funds managed and held at Barclays Global Investors, N.A., were moved to The Northern Trust Company, who, along with certain of its affiliates will continue in the role of investment manager and custodian for these funds.
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, | |||
|
2004 |
2003 | |||
|
*Exxon Mobil Corporation |
|||
|
common stock, 216 and 227 |
|||
|
million shares, respectively |
$11,056 |
$9,306 | |
|
*NTGI-QM Coltv Daily S&P 500 |
|||
|
Equity Index Fund, 638 and 0 |
|||
|
thousand shares, respectively |
2,014 |
- | |
|
*Barclays Global Investors |
|||
|
Equity Portfolio Fund, 0 and |
|||
|
6 million shares, respectively |
- |
1,787 | |
|
* Party-in-interest |
During 2004, 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 $2,588 million as follows:
|
(millions $) |
|
ExxonMobil common stock |
$2,240 |
||
|
Common collective trusts |
364 |
||
|
Corporate debentures |
(13 |
) | |
|
U.S. Government securities |
(5 |
) | |
|
Other |
2 |
||
|
$2,588 |
-9-
SCHEDULE H
EXXONMOBIL SAVINGS PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
12/31/04
(thousands of dollars)
|
MATURITY |
PAR |
CURRENT | ||
|
DESCRIPTION |
COUPON |
DATE |
VALUE |
VALUE |
|
-------------------------------------------------------------------------------------------------------------------------------------------- | ||||
|
COMMON ASSET FUND |
||||
|
U.S. GOVERNMENT SECURITIES |
||||
|
FEDERAL HOME LOAN BANK |
5.125% |
03/06/06 |
$ 35,500 |
$ 36,334 |
|
FEDERAL HOME LOAN BNK PREASSIGN |
2.500% |
03/15/06 |
30,000 |
29,802 |
|
FEDERAL HOME LOAN MTG CORP DEB |
5.500% |
07/15/06 |
48,200 |
49,880 |
|
FEDERAL HOME LOAN MTG CORP DEB |
3.875% |
02/15/05 |
44,000 |
44,068 |
|
FEDERAL HOME LOAN MTG CORP DEB |
2.375% |
04/15/06 |
35,000 |
34,690 |
|
FEDERAL HOME LOAN MTG CORP DEB |
2.875% |
12/15/06 |
28,000 |
27,804 |
|
FEDERAL HOME LOAN MTG CORP DEB |
6.875% |
01/15/05 |
8,000 |
8,010 |
|
FEDERAL NATL MTG ASSN |
5.500% |
02/15/06 |
95,000 |
97,535 |
|
FEDERAL NATL MTG ASSN |
7.125% |
02/15/05 |
28,000 |
28,149 |
|
FEDERAL NATL MTG ASSN |
4.250% |
07/15/07 |
15,000 |
15,314 |
|
FEDERAL NATL MTG ASSN |
3.875% |
03/15/05 |
5,000 |
5,014 |
|
FEDERAL NATL MTG ASSN PREASSIGN |
7.000% |
07/15/05 |
42,000 |
42,945 |
|
FEDERAL NATL MTG ASSN PREASSIGN |
3.250% |
11/25/32 |
5,758 |
5,723 |
|
US SAVINGS BONDS SER EE |
2.610% |
02/01/34 |
97,646 |
99,399 |
|
US SAVINGS BONDS SER I |
2.190% |
01/01/34 |
194,960 |
198,814 |
|
US SAVINGS BONDS SER I |
4.080% |
01/01/33 |
153,860 |
164,856 |
|
US SAVINGS BONDS SER I |
5.920% |
10/01/31 |
151,480 |
176,911 |
|
US SAVINGS BONDS SER I |
2.570% |
10/01/32 |
79,740 |
86,335 |
|
US SAVINGS BONDS SER I |
4.080% |
11/01/32 |
79,740 |
86,028 |
|
US SAVINGS BONDS SER I |
4.660% |
10/01/33 |
50,464 |
52,292 |
|
___________ |
___________ | |||
|
TOTAL U.S. GOVERNMENT SECURITIES |
$1,227,348 |
$1,289,903 | ||
|
CORPORATE DEBT INSTRUMENTS |
||||
|
AMERN EXPRESS CR A/C MSTR TR |
1.690% |
01/15/09 |
$ 28,000 |
$ 27,384 |
|
BANK 1 AUTO SECUR TR 2003-1 |
1.820% |
09/20/07 |
30,000 |
29,676 |
|
BANK 1 AUTO SECUR TR 2003-1 |
1.290% |
08/20/06 |
3,429 |
3,421 |
|
BANK 1 ISSUANCE TR ABS BOIT |
2.940% |
06/16/08 |
20,000 |
19,986 |
|
BANK 1 ISSUANCE TR SER 2002-A2 |
4.160% |
01/15/08 |
10,000 |
10,054 |
|
BMW VEH OWNER TR 2003-A |
1.940% |
02/25/07 |
27,137 |
27,014 |
|
BMW VEH OWNER TR 2003-A |
2.530% |
02/25/08 |
5,785 |
5,728 |
|
BMW VEH OWNER TR 2004-A |
1.880% |
10/25/06 |
9,070 |
9,035 |
|
BMW VEH OWNER TR 2004-A |
2.670% |
03/25/08 |
29,000 |
28,790 |
-10-
SCHEDULE H
EXXONMOBIL SAVINGS PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
12/31/04
(thousands of dollars)
|
MATURITY |
PAR |
CURRENT | ||
|
DESCRIPTION |
COUPON |
DATE |
VALUE |
VALUE |
|
-------------------------------------------------------------------------------------------------------------------------------------------- | ||||
|
CATERPILLAR FINL AST TR 2004-A |
3.130% |
01/25/09 |
$ 10,000 |
$ 9,960 |
|
CHASE MANH AUTO OWNR TR |
2.080% |
05/15/08 |
8,000 |
7,896 |
|
CHASE MANH AUTO OWNR TR 2002-B |
3.580% |
05/15/06 |
281 |
281 |
|
CHASE MANH AUTO OWNR TR 2003-A |
1.520% |
05/15/07 |
38,050 |
37,771 |
|
CHASE MANH AUTO OWNR TR 2003-B |
1.820% |
07/15/07 |
3,500 |
3,473 |
|
CHASE MANH AUTO OWNR TR 2003-C |
2.260% |
11/15/07 |
8,000 |
7,933 |
|
CITIBNK CR CD ISSNCE TR 2000-A |
6.900% |
10/15/07 |
25,000 |
25,747 |
|
CITIBNK CR CD ISSNCE TR 2002-A |
4.400% |
05/15/07 |
8,000 |
8,050 |
|
CITIBNK CR CD ISSNCE TR 2003-A2 |
2.700% |
01/15/08 |
40,000 |
39,822 |
|
FORD CR AUTO OWNER TR 2001-E |
4.010% |
03/15/06 |
4,088 |
4,096 |
|
GEN ELEC CAP CORP MED TERM NTS |
2.750% |
09/25/06 |
10,000 |
9,902 |
|
HARLEY-DAVIDSON MTR TR 2003-1 |
1.560% |
05/15/07 |
1,254 |
1,251 |
|
HARLEY-DAVIDSON MTR TR 2003-1 |
2.630% |
11/15/10 |
8,875 |
8,779 |
|
HARLEY-DAVIDSON MTR TR 2003-2 |
1.340% |
01/15/08 |
1,284 |
1,277 |
|
HARLEY-DAVIDSON MTR TR 2003-3 |
2.760% |
05/15/11 |
6,200 |
6,146 |
|
HARLEY-DAVIDSON MTR TR 2003-3 |
1.500% |
01/15/08 |
3,444 |
3,430 |
|
HARLEY-DAVIDSON MTR TR 2004-2 |
3.560% |
02/15/12 |
13,000 |
13,017 |
|
HARLEY-DAVIDSON MTR TR HDMOT |
2.070% |
02/15/11 |
17,240 |
16,851 |
|
HARLEY-DAVIDSON MTR TR HDMOT |
2.530% |
11/15/11 |
6,000 |
5,875 |
|
HONDA AUTO REC 2002-2 OWNER TR |
3.830% |
02/15/06 |
218 |
218 |
|
HONDA AUTO REC 2002-3 OWNER TR |
3.000% |
05/18/06 |
199 |
199 |
|
HONDA AUTO REC 2003-1 OWNER TR |
1.920% |
11/20/06 |
19,722 |
19,655 |
|
HONDA AUTO REC 2003-4 OWNER TR |
1.580% |
07/17/06 |
1,094 |
1,090 |
|
HONDA AUTO REC 2003-5 OWNER TR |
2.400% |
03/21/08 |
5,000 |
4,944 |
|
HONDA AUTO REC 2004-1 OWNER TR |
3.060% |
10/21/09 |
9,000 |
8,906 |
|
HONDA AUTO REC 2004-2 OWNER TR |
3.300% |
06/16/08 |
10,000 |
9,997 |
|
HONDA AUTO REC 2004-3 OWNER TR |
2.910% |
10/18/08 |
38,500 |
38,159 |
|
HONDA AUTO REC OWNER TR 2003-2 |
2.160% |
10/21/08 |
3,000 |
2,941 |
|
HOUSEHOLD AUTO TR 2002-1 NT |
3.750% |
09/18/06 |
2,610 |
2,617 |
|
HOUSEHOLD AUTO TR 2002-3 NT |
2.750% |
06/18/07 |
10,226 |
10,223 |
|
HOUSEHOLD AUTO TR 2003-1 NT |
1.730% |
12/17/07 |
13,000 |
12,914 |
|
M&I AUTO LN TR 2003-1 NT |
2.980% |
04/20/09 |
3,779 |
3,740 |
|
M&I AUTO LN TR 2003-1 NT |
2.310% |
02/20/08 |
19,000 |
18,865 |
|
MBNA MSTR CR CARD TR II 2000-I |
6.900% |
01/15/08 |
18,685 |
19,141 |
|
MORGAN STANLEY AUTO LN 2003-HB1 |
2.170% |
04/15/11 |
10,000 |
9,803 |
|
MORGAN STANLEY AUTO LN 2003-HB1 |
1.460% |
07/16/07 |
1,544 |
1,531 |
|
MORGAN STANLEY AUTO LN 2004-HB1 |
2.640% |
11/15/07 |
15,000 |
14,888 |
|
MORGAN STANLEY AUTO LN 2004-HB2 |
2.940% |
03/16/09 |
20,000 |
19,830 |
-11-
SCHEDULE H
EXXONMOBIL SAVINGS PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
12/31/04
(thousands of dollars)
|
MATURITY |
PAR |
CURRENT | ||
|
DESCRIPTION |
COUPON |
DATE |
VALUE |
VALUE |
|
-------------------------------------------------------------------------------------------------------------------------------------------- | ||||
|
PROCTER & GAMBLE CO |
4.000% |
04/30/05 |
$ 2,010 |
$ 2,020 |
|
TOYOTA AUTO REC 2002-B OWNER TR |
3.760% |
06/15/06 |
2,395 |
2,397 |
|
TOYOTA AUTO REC 2002-C OWNER TR |
2.650% |
11/15/06 |
9,941 |
9,934 |
|
TOYOTA AUTO REC 2003-A OWNER TR |
1.690% |
03/15/07 |
9,132 |
9,069 |
|
TOYOTA AUTO REC 2003-B OWNER TR |
1.430% |
02/15/06 |
4,177 |
4,172 |
|
USAA AUTO OWNER TR 2003-1 |
2.040% |
02/16/10 |
1,610 |
1,582 |
|
USAA AUTO OWNER TR 2003-1 NT |
1.580% |
06/15/07 |
7,448 |
7,395 |
|
USAA AUTO OWNER TR 2004-1 NT |
2.060% |
04/15/08 |
39,000 |
38,485 |
|
USAA AUTO OWNER TR 2004-2 CTF |
3.030% |
06/16/08 |
14,000 |
13,945 |
|
USAA AUTO OWNER TR 2004-3 NT |
3.160% |
02/17/09 |
30,000 |
29,873 |
|
USAA AUTO OWNER TR ASSET BKD NT |
2.410% |
10/16/06 |
2,876 |
2,874 |
|
VOLKSWAGEN AUTO LEASE TR 2002-A |
2.360% |
12/20/05 |
5,892 |
5,888 |
|
VOLKSWAGEN AUTO LN ENHCD 2003-2 |
2.270% |
10/22/07 |
40,000 |
39,692 |
|
VOLKSWAGEN AUTO LN ENHCD 2003-1 |
1.490% |
05/21/07 |
40,000 |
39,637 |
|
WACHOVIA AUTO OWNER TR 2004-1 |
3.190% |
06/20/08 |
35,000 |
34,955 |
|
WACHOVIA AUTO OWNER TR 2004-1 |
2.910% |
04/20/09 |
25,000 |
24,800 |
|
WACHOVIA AUTO OWNER TR 2004-1 |
3.440% |
03/21/11 |
25,000 |
24,754 |
|
___________ |
___________ | |||
|
TOTAL CORPORATE DEBT INSTRUMENTS |
$ 868,695 |
$ 863,778 | ||
|
COMMON COLLECTIVE TRUSTS |
||||
|
BANK OF NY COLTV TR FD |
$ 58 |
$ 58 | ||
|
*COLTV SHORT TERM INVT FD |
127,044 |
127,044 | ||
|
___________ |
___________ | |||
|
TOTAL COMMON COLLECTIVE TRUST |
$ 127,102 |
$ 127,102 | ||
|
GUARANTEED INVESTMENT CONTRACTS |
||||
|
WITH INSURANCE COMPANIES: |
||||
|
NEW YORK LIFE INS CO |
4.880% |
09/30/05 |
$ 30,369 |
$ 30,369 |
|
PRINCIPAL LIFE INS CO |
6.060% |
03/29/06 |
31,375 |
31,375 |
|
SECURITY LIFE OF DENVER INS |
5.500% |
05/23/05 |
20,660 |
20,660 |
|
___________ |
___________ | |||
|
TOTAL GUARANTEED INVESTMENT CONTRACTS |
||||
|
WITH INSURANCE COMPANIES |
$ 82,404 |
$ 82,404 | ||
-12-
SCHEDULE H
EXXONMOBIL SAVINGS PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
12/31/04
(thousands of dollars)
|
MATURITY |
PAR |
CURRENT | ||
|
DESCRIPTION |
COUPON |
DATE |
VALUE |
VALUE |
|
-------------------------------------------------------------------------------------------------------------------------------------------- | ||||
|
REGISTERED INVESTMENT COMPANIES |
||||
|
MFO AMR INVTS ENHNCD CASH TR |
$ 75,000 |
$ 75,000 |
|||||||
|
TOTAL REGISTERED INVESTMENT |
|||||||||
|
COMPANIES |
$ 75,000 |
$ 75,000 |
|||||||
|
SYNTHETIC INVESTMENT CONTRACTS |
|||||||||
|
WITH FINANCIAL INSTITUTIONS: |
|||||||||
|
AIG FINANCIAL PRODUCTS #440640 |
|||||||||
|
CAP AUTO RECEIVABLES AST |
2.493% |
04/17/06 |
$ 5,994 |
$ 5,995 |
|||||
|
AIG WRAPPER |
(5 |
) | |||||||
|
UBS AG #2824: |
|||||||||
|
CA INFRASTRUCT & ECN DEVBK |
6.420% |
09/25/08 |
11,346 |
11,688 |
|||||
|
UBS AG #2824 WRAPPER |
(199 |
) | |||||||
|
UBS AG #2924: |
|||||||||
|
TOYOTA AUTO RECV 2002-B |
3.760% |
06/15/06 |
2,192 |
2,194 |
|||||
|
UBS AG #2924 WRAPPER |
1 |
||||||||
|
___________ |
___________ |
||||||||
|
TOTAL SYNTHETIC INVESTMENT CONTRACTS |
|||||||||
|
WITH FINANCIAL INSTITUTIONS |
$ 19,532 |
$ 19,674 |
|||||||
|
*PARTICIPANT LOANS |
|||||||||
|
(ANNUAL INTEREST RATES |
|||||||||
|
FROM 4.5% TO 9.5%, |
|||||||||
|
MATURITIES FROM |
|||||||||
|
12 MONTHS TO 60 MONTHS) |
$ 242,437 |
||||||||
|
TOTAL COMMON ASSET FUND |
$2,400,081 |
$2,700,298 |
|||||||
-13-
SCHEDULE H
EXXONMOBIL SAVINGS PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
12/31/04
(thousands)
|
SHARES/ |
CURRENT | ||||
|
UNITS |
VALUE | ||||
|
FUND/ISSUE |
(000's) |
($000's) | |||
|
------------------------------------------------------------------------------------------------------------------------------ | |||||
|
COMMON STOCK: |
|||||
|
-------------------------------------------- |
|||||
|
*EXXONMOBIL CORPORATION |
215,677 |
$ |
11,055,558 | ||
|
COMMON COLLECTIVE TRUSTS: |
|||||
|
---------------------------------------------- |
|||||
|
*NTGI-QM COLTV DAILY S&P 500 EQUITY |
|||||
|
INDEX FUND |
638 |
$ |
2,014,258 | ||
|
*NTGI-QM COLTV DAILY SMALLCAP EQUITY |
|||||
|
INDEX FUND |
3,622 |
$ |
769,173 | ||
|
*NTGI-QM COLTV DAILY EAFE INDEX |
|||||
|
FUND |
1,000 |
$ |
283,548 | ||
|
*NTGI-QM COLTV DAILY AGGREGATE |
|||||
|
BOND FUND |
498 |
$ |
158,164 | ||
|
TOTAL ASSETS HELD FOR INVESTMENT PURPOSES |
$ |
16,980,999 | |||
* Party-in-interest as defined by ERISA
-14-
Report of Independent Registered Public Accounting Firm
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, 2004 and 2003, and the changes in net assets available for benefits for the year ended December 31, 2004, in conformity with accounting principles generally accepted in the United States of America. These financial statements are the responsibility of the Savings 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 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 10, 2005
-15-
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/ C. M. FitzGerald
___________________________________
C. M. FitzGerald
Pursuant to delegation by
Administrator-Finance
Dated: June 10, 2005
-16-
EXHIBIT INDEX
EXHIBIT
SUBMISSION MEDIA
23.
Consent of PricewaterhouseCoopers LLP,
Electronic
Independent Registered Public Accounting Firm
Dated June 10, 2005
-17-