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, 2007
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 |
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|
Financial Statements |
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|
|
Statements of Net Assets Available for Benefits | 3 |
|
|
Statement of Changes in Net Assets Available for Benefits | 4 |
|
|
Notes to Financial Statements | 5-8 |
|
|
Supplemental Schedules |
|
|
|
Schedule H, Line 4i - Schedule of Assets (Held At End of Year) | 9-13 |
|
|
Schedule H, Line 4i - Schedule of Assets (Acquired and Disposed of Within Year) | 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
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
(millions of dollars)
|
| December 31, | |||
|
|
|
|
|
|
|
| 2007 |
|
| 2006 |
Assets |
|
|
|
|
|
|
|
|
|
|
|
Investments, at fair value (Note 6): |
|
|
|
|
|
|
|
|
|
|
|
Exxon Mobil Corporation common stock | $ | 16,979 |
| $ | 14,755 |
|
|
|
|
|
|
Other investments |
| 7,119 |
|
| 6,853 |
|
|
|
|
|
|
Total investments |
| 24,098 |
|
| 21,608 |
|
|
|
|
|
|
|
|
|
|
|
|
Accrued interest |
| 12 |
|
| 14 |
|
|
|
|
|
|
Other receivables |
| 114 |
|
| - |
|
|
|
|
|
|
Total assets |
| 24,224 |
|
| 21,622 |
|
|
|
|
|
|
Liabilities |
|
|
|
|
|
|
|
|
|
|
|
Payables and accrued liabilities |
| 29 |
|
| 30 |
|
|
|
|
|
|
Total liabilities |
| 29 |
|
| 30 |
|
|
|
|
|
|
Net assets available for benefits | $ | 24,195 |
| $ | 21,592 |
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, 2007
(millions of dollars)
Additions: |
|
|
|
|
|
|
|
|
|
Contributions: |
|
|
|
|
|
|
|
|
|
Employer |
| $ | 225 |
|
Participant |
|
| 373 |
|
Transfers-in at fair value |
|
| 8 |
|
|
|
|
|
|
Total contributions |
|
| 606 |
|
|
|
|
|
|
Investment income: |
|
|
|
|
|
|
|
|
|
Interest |
|
| 141 |
|
Dividends |
|
| 256 |
|
Net appreciation in fair value |
|
|
|
|
of investments (Note 6) |
|
| 3,496 |
|
|
|
|
|
|
Net investment income |
|
| 3,893 |
|
|
|
|
|
|
Total additions |
|
| 4,499 |
|
|
|
|
|
|
Deductions: |
|
|
|
|
|
|
|
|
|
Benefit payments |
|
| (1,896 | ) |
|
|
|
|
|
Total deductions |
|
| (1,896 | ) |
|
|
|
|
|
Net increase |
|
| 2,603 |
|
|
|
|
|
|
Net assets available for benefits: |
|
|
|
|
|
|
|
|
|
Beginning of year |
|
| 21,592 |
|
|
|
|
|
|
End of year |
| $ | 24,195 |
|
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 "Company") and certain affiliated employers. The terms and conditions of the 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 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"), designed to invest primarily in employer securities.
Contributions
The Plan permits participant contributions of up to 20% of compensation and, prior to 2007, a 100% Company match was made on the first 6% of compensation contributed by the participant. Prior to 2007, participants could receive up to an additional 1% Company match on the 6% of compensation if the participant elected for the Company match to be directed to the Stock Match Account ("SMA"). Prior to 2007, the restriction on the SMA stipulated that 75% of the assets in the SMA must be invested in ExxonMobil stock.
Effective January 1, 2007, all active participants began receiving a Company match of 7% of compensation on the first 6% of compensation contributed by them, regardless of how the Company match is directed. Also effective January 1, 2007, the SMA became fully diversifiable, allowing investments in any of the Plan investment options with no minimum percentage requirements for investment 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 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 2007, employer contributions totaling $0.5 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.
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.
Under the terms of its trust agreement, the Plan engaged in an authorized form of security lending activities during the years ended December 31, 2007 and 2006. The market value of securities on loan and the collateral held at The Northern Trust Company at December 31, 2007 were $633 million and $646 million, respectively. The market value of securities on loan and the collateral held at The Northern Trust Company at December 31, 2006 were $470 million and $481 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, 2007 and 2006, 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, 2007 and 2006.
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 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 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.
-6-
EXXONMOBIL SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
Note 3: Related-Party Transactions
During 2007, certain Plan investments were units of various funds managed by The Northern Trust Company. The Northern Trust Company also provided custodial and other fiduciary 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 November 14, 2002, that the Plan is qualified and the trusts established under the Plan are tax-exempt, under the appropriate sections of the Internal Revenue Code. The Plan has been amended since receiving 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, 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.
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, | |
| 2007 |
| 2006 | |
Exxon Mobil Corporation |
|
|
|
common stock, 181 and 193 |
|
|
|
million shares, respectively | $16,979 |
| $14,755 |
|
|
|
|
NTGI-QM Coltv Daily S&P 500 |
|
|
|
Equity Index Fund, 532 and 565 |
|
|
|
thousand units, respectively | 2,158 |
| 2,171 |
-7-
EXXONMOBIL SAVINGS PLAN
NOTES TO FINANCIAL STATEMENTS
Note 6: Investments (continued)
During 2007, the Plan's investments (including gains and losses on investments bought and sold, as well as held during the year) appreciated in value by $3,496 million as follows:
|
| (millions $) |
| ExxonMobil common stock | 3,211 |
|
| Common collective trusts | 263 |
|
| Corporate debentures | 8 |
|
| U.S. Government securities | 14 |
|
|
|
|
|
|
| $3,496 |
|
-8-
SCHEDULE H EXXONMOBIL SAVINGS PLAN SCHEDULE H, LINE 4i SCHEDULE OF ASSETS (HELD AT END OF YEAR) DECEMBER 31, 2007 (thousands of dollars) | |||||||||
|
| MATURITY | PAR | CURRENT | |||||
DESCRIPTION | COUPON | DATE | VALUE | VALUE | |||||
-------------------------------------------------------------------------------------------------------------------------------------------- | |||||||||
COMMON ASSET FUND |
|
|
|
| |||||
|
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|
| |||||
U.S. GOVERNMENT SECURITIES |
|
|
|
| |||||
|
|
|
|
| |||||
FEDERAL FARM CR BANK | 4.750% | 5/7/2010 | $ 65,000 | $ 66,666 | |||||
FEDERAL FARM CR BANK | 5.250% | 9/13/2010 | 20,000 | 20,786 | |||||
FEDERAL FARM CR BANK | 3.750% | 12/6/2010 | 40,000 | 40,111 | |||||
FEDERAL HOME LOAN BANK | 4.125% | 4/18/2008 | 6,000 | 5,992 | |||||
FEDERAL HOME LOAN BANK | 5.000% | 7/16/2008 | 20,000 | 20,064 | |||||
FEDERAL HOME LOAN BANK | 3.875% | 8/22/2008 | 25,000 | 24,931 | |||||
FEDERAL HOME LOAN BANK | 5.000% | 9/12/2008 | 37,845 | 38,034 | |||||
FEDERAL HOME LOAN BANK | 5.250% | 6/12/2009 | 25,000 | 25,547 | |||||
FEDERAL HOME LOAN BANK | 5.000% | 12/11/2009 | 15,000 | 15,408 | |||||
FEDERAL HOME LOAN BANK | 4.875% | 3/12/2010 | 3,220 | 3,307 | |||||
FEDERAL HOME LOAN BANK | 5.250% | 6/11/2010 | 27,810 | 28,870 | |||||
FEDERAL HOME LOAN BANK | 4.375% | 9/17/2010 | 22,000 | 22,427 | |||||
FEDERAL HOME LOAN BANK | 4.375% | 10/22/2010 | 2,500 | 2,550 | |||||
FEDERAL HOME LOAN BANK PREASSIGN | 4.625% | 1/18/2008 | 30,000 | 29,999 | |||||
FEDERAL HOME LOAN BANK PREASSIGN | 5.125% | 6/13/2008 | 35,000 | 35,093 | |||||
FEDERAL HOME LOAN BANK TRANCHE | 4.750% | 12/12/2008 | 10,000 | 10,062 | |||||
FEDERAL HOME LOAN MTG CORP BD | 5.125% | 10/15/2008 | 20,000 | 20,163 | |||||
FEDERAL HOME LOAN MTG CORP DEB | 4.625% | 12/19/2008 | 42,000 | 42,227 | |||||
FEDERAL HOME LOAN MTG CORP DEB | 5.750% | 3/15/2009 | 25,000 | 25,550 | |||||
FEDERAL HOME LOAN MTG CORP DEB | 6.625% | 9/15/2009 | 15,000 | 15,743 | |||||
FEDERAL HOME LOAN MTG CORP NT | 5.750% | 4/15/2008 | 25,000 | 25,092 | |||||
FEDERAL HOME LOAN MTG CORP NT | 3.875% | 6/15/2008 | 25,000 | 24,913 | |||||
FEDERAL HOME LOAN MTG CORP NT | 3.625% | 9/15/2008 | 42,000 | 41,816 | |||||
FEDERAL HOME LOAN MTG CORP NT | 6.875% | 9/15/2010 | 14,700 | 15,907 | |||||
FEDERAL HOME LOAN MTG CORP NT | 4.125% | 10/18/2010 | 7,300 | 7,398 | |||||
FEDERAL HOME LOAN MTG CORP PREASSIGN | 5.250% | 5/21/2009 | 35,000 | 35,720 | |||||
FEDERAL HOME LOAN MTG CORP PREASSIGN | 5.125% | 8/23/2010 | 7,000 | 7,264 | |||||
FEDERAL NATL MTG ASSN | 5.750% | 2/15/2008 | 16,000 | 16,020 | |||||
FEDERAL NATL MTG ASSN | 6.000% | 5/15/2008 | 40,000 | 40,203 | |||||
FEDERAL NATL MTG ASSN | 2.500% | 6/15/2008 | 6,300 | 6,245 | |||||
FEDERAL NATL MTG ASSN | 3.250% | 8/15/2008 | 20,000 | 19,869 | |||||
FEDERAL NATL MTG ASSN | 6.375% | 6/15/2009 | 37,000 | 38,411 | |||||
FEDERAL NATL MTG ASSN | 6.625% | 9/15/2009 | 3,000 | 3,149 | |||||
FEDERAL NATL MTG ASSN | 7.250% | 1/15/2010 | 10,000 | 10,717 | |||||
FEDERAL NATL MTG ASSN | 7.125% | 6/15/2010 | 64,000 | 69,241 | |||||
FEDERAL NATL MTG ASSN | 4.250% | 8/15/2010 | 10,000 | 10,156 | |||||
FEDERAL NATL MTG ASSN PREASSIGN | 3.875% | 7/15/2008 | 25,000 | 24,966 | |||||
FEDERAL NATL MTG ASSN PREASSIGN | 5.000% | 9/15/2008 | 6,500 | 6,547 | |||||
FEDERAL NATL MTG ASSN PREASSIGN | 4.375% | 9/13/2010 | 22,000 | 22,426 | |||||
US SAVINGS BONDS SER I | 5.920% | 10/1/2031 | 151,480 | 214,456 | |||||
US SAVINGS BONDS SER I | 2.570% | 10/1/2032 | 79,740 | 101,330 | |||||
US SAVINGS BONDS SER I | 4.080% | 1/1/2033 | 153,860 | 191,340 | |||||
TOTAL U.S. GOVERNMENT SECURITIES |
|
| $1,287,255 | $1,426,716 | |||||
-9-
SCHEDULE H EXXONMOBIL SAVINGS PLAN SCHEDULE H, LINE 4i SCHEDULE OF ASSETS (HELD AT END OF YEAR) DECEMBER 31, 2007 (thousands of dollars) | ||||||||
|
| MATURITY | PAR | CURRENT | ||||
DESCRIPTION | COUPON | DATE | VALUE | VALUE | ||||
-------------------------------------------------------------------------------------------------------------------------------------------- | ||||||||
|
|
|
|
| ||||
CORPORATE DEBT INSTRUMENTS |
|
|
|
| ||||
|
|
|
|
| ||||
AMERN EXPRESS CR A/C MSTR TR | 4.350% | 12/15/2011 | $ 19,595 | $ 19,639 | ||||
BANK ONE ISSUANCE TR 2003-7 | 3.350% | 3/15/2011 | 12,246 | 12,167 | ||||
BANK ONE ISSUANCE TR 2003-A9 | 3.860% | 6/15/2011 | 21,975 | 21,880 | ||||
BMW VEH OWNER TR 2006-A | 5.300% | 5/25/2009 | 2,285 | 2,286 | ||||
BMW VEH OWNER TR 2006-A | 5.130% | 9/25/2010 | 30,000 | 30,077 | ||||
CAPITAL ONE AUTO FIN TR 2006-A | 5.330% | 11/15/2010 | 10,330 | 10,334 | ||||
CAPITAL ONE AUTO FIN TR 2006-C | 5.070% | 7/15/2011 | 10,000 | 10,027 | ||||
CAPITAL ONE MULTI-ASSET EXEC TR 2003-C4 | 3.650% | 7/15/2011 | 28,485 | 28,317 | ||||
CAPITAL ONE MULTI-ASSET EXEC TR 2005-A8 | 4.400% | 8/15/2011 | 5,000 | 4,999 | ||||
CAPITAL ONE PRIME AUTO REC TR 2006-2 | 4.980% | 9/15/2010 | 44,000 | 44,086 | ||||
CHASE AUTO OWNER TR 2005-A | 3.870% | 6/15/2009 | 4,912 | 4,893 | ||||
CHASE AUTO OWNER TR 2005-A | 3.980% | 4/15/2011 | 14,000 | 13,903 | ||||
CHASE AUTO OWNER TR 2006-A | 5.340% | 7/15/2010 | 4,278 | 4,294 | ||||
CHASE AUTO OWNER TR 2006-A | 5.360% | 1/15/2013 | 10,000 | 10,119 | ||||
CHASE AUTO OWNER TR 2006-B | 5.130% | 5/15/2011 | 9,000 | 9,035 | ||||
CHASE ISSUANCE TR | 4.960% | 9/17/2012 | 12,000 | 12,195 | ||||
CITIBANK CR CD ISSNCE TR 2003-A3 | 3.100% | 3/10/2010 | 1,750 | 1,745 | ||||
CITIBANK CR CD ISSNCE TR 2003-A6 | 2.900% | 5/17/2010 | 42,000 | 41,715 | ||||
CITIBANK CR CD ISSNCE TR 2003-A8 | 3.500% | 8/16/2010 | 15,450 | 15,328 | ||||
CITIBANK CR CD ISSNCE TR 2006-A2 | 4.850% | 2/10/2011 | 40,000 | 40,237 | ||||
HARLEY DAVIDSON MTR TR 2007-1 | 5.220% | 3/15/2012 | 6,000 | 6,050 | ||||
HARLEY DAVIDSON MTR TR 2007-2 | 5.100% | 5/15/2012 | 6,000 | 6,032 | ||||
HARLEY-DAVIDSON MTR TR 2003-3 | 2.760% | 5/15/2011 | 2,026 | 2,001 | ||||
HARLEY-DAVIDSON MTR TR 2004-2 | 3.560% | 2/15/2012 | 11,091 | 10,998 | ||||
HARLEY-DAVIDSON MTR TR 2005-2 | 4.070% | 2/15/2012 | 9,756 | 9,708 | ||||
HARLEY-DAVIDSON MTR TR 2005-3 | 4.410% | 6/15/2012 | 22,720 | 22,660 | ||||
HARLEY-DAVIDSON MTR TR 2006-2 | 5.350% | 3/15/2013 | 10,000 | 10,102 | ||||
HARLEY-DAVIDSON MTR TR 2006-3 | 5.240% | 1/15/2012 | 4,000 | 4,018 | ||||
HARLEY-DAVIDSON MTR TR 2007-3 | 5.520% | 11/15/2013 | 4,000 | 4,057 | ||||
HARLEY-DAVIDSON MTR TR HDMOT | 2.070% | 2/15/2011 | 4,805 | 4,800 | ||||
HARLEY-DAVIDSON MTR TR HDMOT | 2.530% | 11/15/2011 | 5,525 | 5,447 | ||||
HONDA AUTO REC 2005-2 OWNER TR | 4.150% | 10/15/2010 | 14,590 | 14,544 | ||||
HONDA AUTO REC 2005-2 OWNER TR | 3.930% | 1/15/2009 | 980 | 980 | ||||
HONDA AUTO REC 2005-5 TR NT | 4.610% | 8/17/2009 | 2,415 | 2,413 | ||||
HONDA AUTO REC 2006-1 TR NT | 5.070% | 2/18/2010 | 3,566 | 3,572 | ||||
HONDA AUTO REC 2006-2 OWNER TR | 5.300% | 7/21/2010 | 19,908 | 19,985 | ||||
HONDA AUTO REC 2006-3 OWNER TR | 5.120% | 10/15/2010 | 10,000 | 10,041 | ||||
HONDA AUTO REC 2006-3 OWNER TR | 5.110% | 4/15/2012 | 5,000 | 5,042 | ||||
HONDA AUTO REC 2007-1 OWNER TR | 5.100% | 3/18/2011 | 15,000 | 15,104 | ||||
HONDA AUTO REC 2007-2 OWNER TR | 5.410% | 11/23/2009 | 5,000 | 5,018 | ||||
HONDA AUTO REC 2007-2 OWNER TR | 5.460% | 5/23/2011 | 4,000 | 4,056 | ||||
HSBC AUTOMOTIVE TR 2005-2 | 4.550% | 7/17/2012 | 9,000 | 8,984 | ||||
HSBC AUTOMOTIVE TR USA 2006-1 | 5.430% | 6/17/2011 | 17,022 | 17,112 | ||||
HSBC AUTOMOTIVE TR USA 2006-2 | 5.610% | 8/17/2011 | 11,500 | 11,578 | ||||
M&I AUTO LN TR 2005-1 NT | 4.860% | 3/21/2011 | 15,000 | 15,029 | ||||
-10-
SCHEDULE H EXXONMOBIL SAVINGS PLAN SCHEDULE H, LINE 4i SCHEDULE OF ASSETS (HELD AT END OF YEAR) DECEMBER 31, 2007 (thousands of dollars) | |||||||||||||
|
| MATURITY | PAR | CURRENT | |||||||||
DESCRIPTION | COUPON | DATE | VALUE | VALUE | |||||||||
----------------------------------------------------------------------------------------------------------------------------------------------- | |||||||||||||
MBNA CR CARD MASTER NT TR | 4.200% | 9/15/2010 | $ 38,525 | $ 38,466 | |||||||||
MBNA CR CARD MASTER NT TR 2003-6 | 2.750% | 10/15/2010 | 5,900 | 5,858 | |||||||||
MBNA CR CARD MASTER NT TR 2003-A7 | 2.650% | 11/15/2010 | 4,220 | 4,182 | |||||||||
MBNA CR CARD MASTER NT TR 2005-7 | 4.300% | 2/15/2011 | 14,000 | 13,982 | |||||||||
MBNA CR CARD MASTER NT TR 2006-A1 | 4.900% | 7/15/2011 | 40,000 | 40,285 | |||||||||
MORGAN STANLEY AUTO LN 2004-HB2 | 3.460% | 3/15/2012 | 9,899 | 9,837 | |||||||||
NISSAN AUTO REC GRANTOR TR | 4.310% | 3/15/2011 | 29,400 | 29,311 | |||||||||
NISSAN AUTO RECEIVABLES 2004-B | 4.000% | 12/15/2009 | 6,714 | 6,695 | |||||||||
NISSAN AUTO RECEIVABLES 2006-A | 4.740% | 9/15/2009 | 6,743 | 6,737 | |||||||||
NISSAN AUTO RECEIVABLES 2006-B | 5.160% | 2/15/2010 | 21,567 | 21,610 | |||||||||
NISSAN AUTO RECEIVABLES 2006-C | 5.440% | 4/15/2010 | 22,000 | 22,113 | |||||||||
NISSAN AUTO RECEIVABLES 2007-B | 5.030% | 5/16/2011 | 4,000 | 4,036 | |||||||||
TOYOTA AUTO REC 2003-B OWNER TR | 2.790% | 1/15/2010 | 1,584 | 1,583 | |||||||||
USAA AUTO OWNER TR 2005-3 | 4.550% | 2/15/2010 | 7,043 | 7,036 | |||||||||
USAA AUTO OWNER TR 2005-3 | 4.630% | 5/15/2012 | 5,000 | 5,004 | |||||||||
USAA AUTO OWNER TR 2006-1 | 5.010% | 9/15/2010 | 9,168 | 9,183 | |||||||||
USAA AUTO OWNER TR 2006-2 | 5.320% | 9/15/2010 | 10,989 | 11,022 | |||||||||
USAA AUTO OWNER TR 2006-3 | 5.360% | 2/15/2011 | 20,663 | 20,758 | |||||||||
USAA AUTO OWNER TR 2006-4 | 5.010% | 6/15/2011 | 16,000 | 16,071 | |||||||||
USAA AUTO OWNER TR 2007-1 | 5.400% | 4/15/2010 | 6,000 | 6,025 | |||||||||
USAA AUTO OWNER TR 2007-1 | 5.430% | 10/17/2011 | 5,000 | 5,069 | |||||||||
USAA AUTO OWNER TR 2007-2 | 4.900% | 2/15/2012 | 6,000 | 6,040 | |||||||||
USAA AUTO OWNER TR USAOT | 3.900% | 7/15/2009 | 1,053 | 1,052 | |||||||||
VOLKSWAGEN AUTO LEASE 2006-A | 5.540% | 4/20/2011 | 20,000 | 20,202 | |||||||||
VOLKSWAGEN AUTO LEASE 2006-A | 5.500% | 9/21/2009 | 9,000 | 9,041 | |||||||||
VOLKSWAGEN AUTO LN ENHNCD 2005-1 | 4.800% | 7/20/2009 | 13,889 | 13,885 | |||||||||
VOLKSWAGEN AUTO LN ENHNCD 2007-1 | 5.200% | 1/20/2010 | 22,000 | 22,105 | |||||||||
WACHOVIA AUTO OWNER TR 2004-1 | 4.790% | 4/20/2010 | 3,519 | 3,517 | |||||||||
WACHOVIA AUTO OWNER TR 2004-1 | 3.440% | 3/21/2011 | 21,321 | 21,237 | |||||||||
WACHOVIA AUTO OWNER TR 2004-1 | 4.840% | 4/20/2011 | 17,760 | 17,798 | |||||||||
WACHOVIA AUTO OWNER TR 2006-A | 5.350% | 2/22/2011 | 17,514 | 17,581 | |||||||||
WACHOVIA AUTO OWNER TR 2007-1 | 5.290% | 4/20/2012 | 9,911 | 10,026 | |||||||||
WACHOVIA AUTO OWNER TR 2007-A | 5.390% | 9/20/2011 | 6,000 | 6,085 | |||||||||
WACHOVIA AUTO OWNER TR 2007-A | 5.380% | 4/20/2010 | 7,000 | 7,029 | |||||||||
WELLS FARGO AUTO OWNER 2005-A | 4.090% | 1/15/2010 | 2,266 | 2,263 | |||||||||
WELLS FARGO AUTO OWNER 2005-A | 4.280% | 5/15/2012 | 30,000 | 29,883 | |||||||||
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| ______________ | ______________ | |||||||||
TOTAL CORPORATE DEBT INSTRUMENTS | $1,027,858 | $1,029,214 | |||||||||||
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COMMON COLLECTIVE TRUSTS |
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*COLTV SHORT TERM INVT FD - Income | 4.862% |
| $ 165,933 | $ 165,933 | |||||||||
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| ______________ | ______________ | |||||||||
TOTAL COMMON COLLECTIVE TRUSTS |
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| $ 165,933 | $ 165,933 | |||||||||
-11-
SCHEDULE H EXXONMOBIL SAVINGS PLAN SCHEDULE H, LINE 4i SCHEDULE OF ASSETS (HELD AT END OF YEAR) DECEMBER 31, 2007 (thousands of dollars) | |||||||||||
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| MATURITY | PAR | CURRENT | |||||||
DESCRIPTION | COUPON | DATE | VALUE | VALUE | |||||||
-------------------------------------------------------------------------------------------------------------------------------------------- | |||||||||||
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*PARTICIPANT LOANS |
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(ANNUAL INTEREST RATES |
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FROM 4.0% TO 11.5%, |
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MATURITIES FROM |
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1 MONTH TO 219 MONTHS) |
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| $ 176,430 |
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TOTAL COMMON ASSET FUND |
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| $2,481,046 | $2,798,293 |
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-12-
SCHEDULE H
EXXONMOBIL SAVINGS PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2007
(thousands)
|
| SHARES/ |
|
| CURRENT |
|
| UNITS |
|
| VALUE |
FUND/ISSUE |
| (000's) |
|
| ($000's) |
-------------------------------------------------------------------------------------------------------------------------------------------- | |||||
COMMON STOCK: |
|
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|
|
|
-------------------------------------------- |
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|
*EXXON MOBIL CORPORATION |
| 181,227 |
| $ | 16,979,193 |
|
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COMMON COLLECTIVE TRUSTS: |
|
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|
|
|
---------------------------------------------- |
|
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|
*NTGI-QM COLTV DAILY S&P 500 EQUITY |
|
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INDEX FUND |
| 532 |
| $ | 2,157,836 |
*NTGI-QM COLTV DAILY SMALLCAP EQUITY |
|
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|
INDEX FUND |
| 3,674 |
|
| 1,044,522 |
*NTGI-QM COLTV DAILY EAFE INDEX |
|
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|
|
FUND |
| 1,815 |
|
| 828,799 |
*NTGI-QM COLTV DAILY AGGREGATE |
|
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|
BOND FUND |
| 795 |
|
| 289,377 |
|
|
|
|
| ______________ |
TOTAL COMMON COLLECTIVE TRUSTS |
|
|
| $ | 4,320,534 |
|
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|
|
| ______________ |
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TOTAL ASSETS HELD FOR INVESTMENT PURPOSES |
| $ | 24,098,020 | ||
* Party-in-interest as defined by ERISA
-13-
SCHEDULE H EXXONMOBIL SAVINGS PLAN SCHEDULE H, LINE 4i SCHEDULE OF ASSETS (ACQUIRED AND DISPOSED OF WITHIN YEAR) DECEMBER 31, 2007 (thousands of dollars) | |||||
|
| MATURITY | PAR VALUE OF | PROCEEDS OF | |
DESCRIPTION | COUPON | DATE | ACQUISITIONS/ DISPOSITIONS | DISPOSITIONS | |
--------------------------------------------------------------------------------------------------------------------------------------- | |||||
|
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|
|
| |
WACHOVIA AUTO OWNER TR 2006-A | 5.380% | 3/20/2013 | $ 3,935 |
| |
|
|
| (3,935) | $ 3,928 | |
-14-
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, 2007 and 2006, and the changes in net assets available for benefits for the year ended December 31, 2007, 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 H, line 4i - schedule of assets (held at end of year) as of December 31, 2007 and schedule H, line 4i - schedule of assets (acquired and disposed of within year) as of December 31, 2007 are presented for the purpose of additional analysis and are not a required part of the basic financial statements but are 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. These supplemental schedules are the responsibility of the Plan's management. The supplemental schedules have been subjected to the auditing procedures applied in the audits of the basic financial statements and, in our opinion, are fairly stated in all material respects in relation to the basic financial statements taken as a whole.
PricewaterhouseCoopers LLP
Houston, Texas
June 11, 2008
-15-
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/ Hugh M. Comer
Hugh M. Comer
Administrator-Accounting
Dated: June 11, 2008
-16-
EXHIBIT INDEX
EXHIBIT
SUBMISSION MEDIA
23.
Consent of PricewaterhouseCoopers LLP,
Electronic
Independent Registered Public Accounting Firm
Dated June 11, 2008
-17-