11-K 1 xom11k01.txt XOM 11K 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 year ended December 31, 2001 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 EXXONMOBIL SAVINGS PLAN (Full title of the plan) EXXON MOBIL CORPORATION (Name of issuer of the securities) 5959 Las Colinas Boulevard Irving, Texas 75039-2298 (Address of principal executive office) EXXONMOBIL SAVINGS PLAN INDEX Page ----- Financial Statements Statement of Net Assets Available for Benefits at December 31, 2001 and 2000 3-4 Statement of Changes in Net Assets Available for Benefits, for the Year ended December 31, 2001 5 Notes to Financial Statements 6-12 Supplemental Schedule Schedule H, Line 4i-Schedule of Assets (Held at End of Year) at December 31, 2001 (Exhibit 1) 13-19 Report of Independent Accountants 20 Signature 21 Exhibit Index 22 Exhibit 23 - Consent of Independent Accountants 23 -2- EXXONMOBIL SAVINGS PLAN STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS December 31, 2001 (millions of dollars) Participant Non-Participant Directed Directed Total ----------- --------------- ------- Assets Investments, at fair value: (See Note 8) Exxon Mobil Corp common stock $ 8,530 $1,163 $9,693 Other investments 5,642 - 5,642 ------- ------ ------- Total investments 14,172 1,163 15,335 Cash 7 - 7 Amounts due from employers - 177 177 Amounts due from employees 1 - 1 Accrued interest 23 - 23 Other receivables 16 - 16 ------- ------ ------- Total assets 14,219 1,340 15,559 ------- ------ ------- Liabilities Payables and accrued liabilities 5 2 7 Commercial paper payable - 180 180 Notes payable (see Note 6) - 100 100 ------- ------ ------- Total liabilities 5 282 287 ------- ------ ------- Net assets available for benefits $14,214 $1,058 $15,272 ======= ====== ======= The accompanying notes are an integral part of these financial statements. -3- EXXONMOBIL SAVINGS PLAN STATEMENT OF NET ASSETS AVAILABLE FOR BENEFITS December 31, 2000 (millions of dollars) Participant Non-Participant Directed Directed Total ----------- --------------- ------- Assets Investments, at fair value: (See Note 8) Exxon Mobil Corp common stock $9,326 $1,566 $10,892 Other investments 6,457 - 6,457 ------- ------ ------- Total investments 15,783 1,566 17,349 Cash - 6 6 Amounts due from employers - 194 194 Amounts due from employees 2 - 2 Accrued interest 24 - 24 Other receivables 3 - 3 ------- ------ ------- Total assets 15,812 1,766 17,578 ------- ------ ------- Liabilities Payables and accrued liabilities 11 4 15 Commercial paper payable - 211 211 Notes payable (see Note 6) - 180 180 ------- ------ ------- Total liabilities 11 395 406 ------- ------ ------- Net assets available for benefits $15,801 $1,371 $17,172 ======= ====== ======= The accompanying notes are an integral part of these financial statements. -4- EXXONMOBIL SAVINGS PLAN STATEMENT OF CHANGES IN NET ASSETS AVAILABLE FOR BENEFITS DECEMBER 31, 2001 (millions of dollars) Participant Non-Participant Directed Directed Total ----------- --------------- ------- Contributions: Employer $ 17 $ 167 $ 184 Employee 280 - 280 Transfers in (rollovers) 29 - 29 ------- ------ ------- Total contributions 326 167 493 ------- ------ ------- Investment income/(loss): Interest 164 1 165 Dividends 210 30 240 Net depreciation in fair value of investments (1,343) (265) (1,608) ------- ------ ------- Total investment income/(loss) (969) (234) (1,203) ------- ------ ------- Total additions (643) (67) (710) ------- ------ ------- Interest & miscellaneous expense - (19) (19) Benefit payments at fair value (931) (48) (979) Participant withdrawals at fair value (174) (17) (191) Transfers out at fair value (1) - (1) Net ESOP transfers 162 (162) - ------- ------- ------- Total deductions (944) (246) (1,190) ------- ------- ------- Net decrease (1,587) (313) (1,900) Net assets available for benefits: At the beginning of the year 15,801 1,371 17,172 ------- ------ ------- At the end of the year $14,214 $1,058 $15,272 ======= ====== ======= The accompanying notes are an integral part of these financial statements. -5- EXXONMOBIL SAVINGS PLAN NOTES TO FINANCIAL STATEMENTS Note 1: Description of the Plan The participants in the ExxonMobil Savings Plan ("Savings Plan"), formerly known as the Thrift Plan in the Benefit Plan of Exxon Corporation and Participating Affiliates ("Thrift Plan"), are eligible employees and former employees of Exxon Mobil Corporation ("ExxonMobil") and certain affiliated employers. The terms and conditions of the Savings Plan are fully contained in the ExxonMobil Savings Plan document ("Plan Document") dated January 1, 2001, as amended from time to time. 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. The Savings Plan permits participant contributions of up to 18 percent of compensation (effective January 1, 2002, the participant contribution limit was increased to 20% of compensation) and a company match on the first 6 percent of compensation. Up to an additional 1 percent company match may be received if the company match is directed to the Direct Dividend Account ("DDA"). The restriction on the DDA account stipulates that 75% of the assets in the DDA must be invested in ExxonMobil stock. More details of company match and DDA may be found in the Plan Document. Other Savings Plan provisions including eligibility, enrollment, vesting, participation, forfeiture, loans, withdrawals, distributions, and federal tax treatment of a qualified plan and trust, are described in detail in the Plan Document. Also set forth in the Plan Document are the investment features of the Savings Plan including investments in ExxonMobil stock, equity investment options, asset allocation options, fixed-income options, and capital preservation options. -6- EXXONMOBIL SAVINGS PLAN NOTES TO FINANCIAL STATEMENTS Note 2: Accounting Policies The accounting records of the Savings Plan are maintained on the accrual basis. Investments are stated at current value. Current 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 Merrill Lynch Floating Rate Long-Term Fixed Income Fund is stated at current 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. The average crediting interest rate of the Merrill Lynch Floating Rate Long-Term Fixed Income Fund for the years ended December 31, 2001 and 2000 were 5.7% and 6.3%, respectively. The annualized crediting interest rates at December 31, 2001 and 2000 were 5.0% and 6.4%, respectively. Crediting rates fluctuate with the activities of the underlying contracts. This investment choice has no fixed term, nor a minimum crediting interest rate. The Savings Plan's financial statements separately disclose non-participant directed investments which include both unallocated ExxonMobil common stock of the employee stock ownership plan (ESOP) and a portion of the allocated shares. At December 31, 2001 and 2000, $292 million and $578 million respectively, of ExxonMobil common stock remained unallocated. 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. During 2001, $2 million of employers' matching contributions were forfeited by terminating employees before those amounts became vested. Such forfeited amounts are used to fund future employer contributions. -7- EXXONMOBIL SAVINGS PLAN NOTES TO FINANCIAL STATEMENTS Transfers in include participant-initiated rollovers of certain distributions from other tax-qualified plans into the Savings Plan. Transfers out include plan-to-plan transfers of the balances of former ExxonMobil employees who became employees of the Infineum USA, L.P. joint venture and those employees who became employees of South Pacific Petroleum Corporation and Air BP Amoco Corporation due to required divestments resulting from the merger (the "Merger") of a wholly owned affiliate of Exxon Corporation and Mobil Oil Corporation. ("Mobil"). Note 3: Related-Party Transactions During the year, commercial paper was issued by the Savings Plan and purchased by ExxonMobil. As a result of these transactions, at December 31, 2001, $180 million was owed to ExxonMobil. Certain Savings Plan investments are shares of funds managed by Merrill Lynch. Merrill Lynch also serves as the custodian and trustee and, therefore, these transactions qualify 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 August 28, 1997, that the Savings Plan is qualified and the trusts established under the Savings Plan are tax-exempt, under the appropriate sections of the Code. The Savings Plan has been amended since receiving the determination letter. However, the Savings Plan believes that the Savings Plan is currently designed and being operated in compliance with the applicable requirements of the Code and therefore, was qualified and the related trusts were 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, brokerage commissions, and administrative expenses. The participating employers also pay miscellaneous administra- tive expenses on behalf of the Savings Plan. -8- EXXONMOBIL SAVINGS PLAN NOTES TO FINANCIAL STATEMENTS Note 6: ExxonMobil ESOP Fund Upon merger of the Thrift Plan and the Employees Savings Plan of Mobil Oil Corporation on December 30, 1999, future contributions to the ESOP were eligible for funding from the ESOP trust established in November 1989 by Mobil. In 1989, the ESOP trust, supported by a Mobil guarantee, privately placed $800 million of floating interest rate notes due November 22, 2004, and used the proceeds to purchase 205,788 shares of Mobil Series B Convertible Preferred Stock at a price equal to liquidation value, or $3,887.50 per share. Following the Merger, each outstanding share of Mobil Series B Convertible Preferred Stock was converted into one share of ExxonMobil Class B Preferred Stock, with similar terms. In December 1999, each unit of ExxonMobil's Class B Preferred Stock was converted into 132.015 shares of ExxonMobil Common Stock, and the accrued dividends on units of ExxonMobil Preferred Stock were converted into shares of ExxonMobil Common Stock. At December 31, 2001 and 2000, $100 million and $180 million, respectively, of medium-term notes were outstanding under a $300 million shelf registra- tion statement filed by the ESOP trust with the Securities and Exchange Commission pursuant to Rule 415. These medium-term notes are guaranteed by ExxonMobil. The proceeds of the sales of the issued notes were used to retire identical principal amounts of existing ESOP trust debt. A summary of the outstanding medium-term notes as of December 31, 2001 and 2000 is as follows: Date of Interest Maturity 2001 2000 Issuance Rate Date (millions $) -------- -------- -------- ---- ----- 8/31/96 6.625% 2/28/01 - 15 2/28/97 6.250% 8/31/01 - 25 2/28/97 6.300% 9/03/02 10 10 9/02/97 6.375% 8/31/01 - 40 3/02/98 5.875% 9/03/02 25 25 3/02/98 5.900% 2/28/03 20 20 8/31/98 5.800% 9/02/03 45 45 ----- ----- $100 $180 ==== ==== Principal and interest payments on the medium-term notes are due semi- annually. -9- EXXONMOBIL SAVINGS PLAN NOTES TO FINANCIAL STATEMENTS On February 4, 1999, the ESOP trust established a commercial paper program under which the ESOP trust may sell to institutional investors including ExxonMobil or its affiliates, up to $500 million of short-term notes. The proceeds of the sales of such notes will be used for the same purposes as the proceeds of the debt securities issued by the ESOP trust under the above mentioned shelf registration. At December 31, 2001, the ESOP trust had $180 million of ExxonMobil guaranteed 1.76% short-term notes outstanding, due February 28, 2002. At December 31, 2000, the ESOP trust had $211 million of ExxonMobil guaranteed 6.33% short-term notes outstanding, due February 28, 2001. In addition to the proceeds from the financing programs mentioned above, corporate contributions to the plan and dividends are used to make principal and interest payments on the notes. The Savings Plan held 247 million and 250 million shares of ExxonMobil common stock at year end 2001 and 2000, respectively. Of these total shares, 104.2 million shares and 109.6 million shares respectively, were held in the ESOP at year end 2001 and 2000. Of the total ESOP shares, 7.4 million shares and 13.4 million shares, respectively remained unallocated. As the contributions and dividends are credited, common shares are released from the suspense account and subsequently allocated to participant accounts. During the year, 6.0 million ESOP shares were allocated to participants. Note 7: Claims Incurred But Not Paid The Savings Plan reports benefits paid on a cash basis as required under accounting principles generally accepted in the United States of America. For Form 5500 reporting purposes, claims incurred but not paid of $2 million and $30 million for the years ended December 31, 2001 and 2000, respectively, are reported on an accrual basis. As such, the net assets available for benefits reflected for Form 5500 purposes are $15,270 million and $17,142 million for the years ended December 31, 2001 and 2000, respectively. -10- EXXONMOBIL SAVINGS PLAN NOTES TO FINANCIAL STATEMENTS Note 8: Investments 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 2001 2000 ----------- ----------- ExxonMobil Common Stock $8,530 $9,326 ExxonMobil Common Stock (non-participant directed) 1,163 1,566 Jennison Equity Fund 921 1,291 Barclays Global Investors Equity Portfolio Fund 902 1,017 During 2001, the Savings Plan's investments (including gains and losses on investments bought and sold, as well as held during the year) depreciated in value by $1,608 million as follows: (millions $) ExxonMobil Common Stock $(1,151) Jennison Equity Fund (240) Common collective trusts (171) Mutual funds (70) Corporate debentures 15 U.S. Government securities 6 Other 3 ------ $(1,608) ====== -11- EXXONMOBIL SAVINGS PLAN NOTES TO FINANCIAL STATEMENTS Note 9: Subsequent Event Effective February 8, 2002, the Savings Plan was amended to designate the entire Savings Plan as an Employee Stock Ownership Plan (ESOP) in order to expand the direct dividend payment option to all shares of ExxonMobil stock held in the Savings Plan. -12- EXHIBIT 1 EXXONMOBIL SAVINGS PLAN SCHEDULE H, LINE 4i SCHEDULE OF ASSETS (HELD AT END OF YEAR) 12/31/01 (thousands of dollars) MATURITY PAR CURRENT DESCRIPTION COUPON DATE VALUE VALUE ------------------------------------------------------------------------- COMMON ASSET FUND ----------------- CORPORATE DEBT INSTRUMENTS ABBOTT LABS 5.125% 07/01/04 $ 25,000 $ 25,695 ADVANTA CR CARD MASTER TR 6.000% 11/15/05 8,850 9,162 ALTA PROV CDA EURO 004221U 5.250% 03/15/02 20,000 20,136 ALTA PROV CDA EURO MTN 7.250% 04/05/04 5,000 5,359 AMER EXPR CR A/C MASTER TR 6.400% 04/15/05 40,000 41,000 AMER EXPR MSTR TR SER 1998-1 5.900% 04/15/04 20,488 21,291 AMOCO CDA PETE CO NT 12/01/92 7.250% 12/01/02 12,525 13,068 ATLANTIC RICHFIELD CO NT 5.550% 04/15/03 6,440 6,596 BANC 1 AUTO GRTR TR SER 1997-B 6.290% 07/20/04 2,269 2,281 BK NED GEMEENTEN MED TERM NT 3.100% 01/30/02 4,000 4,003 BK NED GEMEENTEN MED TERM NT 5.000% 01/22/02 10,000 10,016 BMW VEH OWNER TR 1999-A 6.410% 04/25/03 1,098 1,103 BMW VEH OWNER TR 2001-A 4.700% 03/25/05 17,500 17,868 BMW VEH OWNER TR NT 4.260% 11/25/03 13,688 13,811 BP AMERICA INC 7.875% 05/15/02 4,000 4,083 BRITISH TELECOM PLC 6.750% 04/25/02 25,000 25,297 CAP AUTO REC AST TR 2001-2 4.600% 09/15/05 7,000 7,149 CHASE CR CD MSTR TR SER 1998-3 6.000% 08/15/05 26,905 27,955 CHASE MANHATTAN AUTO OWNER TR 4.550% 08/15/05 5,000 5,103 CHASE MANHATTAN AUTO OWNER TR 5.800% 12/16/02 1,992 2,011 CHASE MANHATTAN AUTO OWNER TR 5.850% 05/15/03 4,425 4,511 CHEMICAL MASTER CR CARD TR 1 6.230% 04/15/05 17,052 17,409 CIT RV OWNER TR SER 1996-A 5.400% 12/15/11 2,243 2,302 CIT RV TR AST BKD SER 1999-A 5.780% 07/15/08 4,951 5,007 CITIBANK CR CARD MASTER TR I 5.500% 02/15/06 40,000 41,401 CITIBANK CR CARD MASTER TR I 5.300% 01/09/06 10,125 10,442 CITIBANK CR CARD MASTER TR I 6.550% 02/15/04 18,100 18,191 CITIBANK CR CARD MASTER TR I 5.800% 02/07/05 1,565 1,617 CORESTATES HOME EQTY TR 5.100% 03/15/09 4 4 CWABS INC 7.170% 12/25/17 1,809 1,825 DAIMLERCHRYSLER AUTO TR 2000-1 7.230% 01/06/05 15,000 15,851 DAIMLERCHRYSLER AUTO TR 2000-C 6.820% 09/06/04 3,000 3,101 DAIMLERCHRYSLER AUTO TR 2001-B 4.250% 05/07/31 10,000 10,103 DISCOVER CARD MASTER TR I 5.850% 01/15/06 19,316 20,074 DISCOVER CARD MASTER TR I 5.900% 10/18/04 6,985 7,057 -13- EXHIBIT 1 EXXONMOBIL SAVINGS PLAN SCHEDULE H, LINE 4i SCHEDULE OF ASSETS (HELD AT END OF YEAR) 12/31/01 (thousands of dollars) MATURITY PAR CURRENT DESCRIPTION COUPON DATE VALUE VALUE ------------------------------------------------------------------------- DISCOVER CARD MASTER TR I 5.650% 11/16/04 $ 8,525 $ 8,632 DISCOVER CARD MASTER TR I 5.300% 08/16/04 29,930 30,033 FST SEC AUTO GR TR SER 1998-A 5.970% 04/15/04 3,332 3,376 FST SEC AUTO OWNER TR 2000-1 7.300% 07/15/04 18,762 19,201 FST SEC AUTO OWNER TR 2000-2 6.830% 07/15/04 15,000 15,370 FST SEC AUTO OWNER TR 1999-2 6.200% 10/15/06 21,957 22,560 FIRST USA CR CD MSTR TR 1998-9 5.280% 09/18/06 9,068 9,353 FLEET CR CD MSTR TR II 2001-C 3.860% 03/15/07 15,000 14,876 FLEETWOOD CR 1994-B GRANTOR TR 6.750% 03/15/10 685 701 FORD CR AUTO OWNER TR 1999-D 6.400% 10/15/02 406 407 FORD CR AUTO OWNER TR 2000-A 7.090% 11/17/03 16,253 16,623 FORD CR AUTO OWNER TR 2000-B 7.030% 11/15/03 10,000 10,145 FORD CR AUTO OWNER TR 2000-D 7.150% 01/15/05 3,000 3,136 FORD CR AUTO OWNER TR 2000-E 6.740% 06/15/04 8,000 8,257 FORD CR AUTO OWNER TR 2001-B 5.360% 06/15/05 6,525 6,734 FORD CR AUTO OWNER TR 2001-C 4.830% 02/15/05 14,000 14,331 FORD CR AUTO OWNER TR 2001-E 4.010% 03/15/06 12,000 11,972 FORD CR AUTO OWNER TR 2000-C 7.260% 07/15/04 4,000 4,230 GEN ELEC CAP CORP MED TERM NT 6.500% 09/27/02 5,000 5,150 GEN ELEC CAP CORP MED TERM NT 8.700% 02/15/03 3,000 3,189 GEN ELEC CAP CORP MED TERM NT 5.280% 01/08/02 2,000 2,001 GEN ELEC CAP CORP MED TERM NT 5.160% 02/03/03 11,900 12,197 GEN ELEC CAP CORP MED TERM NT 5.650% 03/31/03 3,690 3,811 GEN ELEC CAP CORP MED TERM NT 6.650% 09/03/02 5,330 5,472 GEN ELEC CAP CORP MED TERM NT 6.520% 10/08/02 2,000 2,066 GEN ELEC CAP CORP MED TERM NT 7.250% 05/03/04 8,400 9,042 GEN ELEC CAP CORP MED TERM NT 6.700% 10/01/02 7,000 7,234 GEN ELEC CAP CORP MED TERM NT 5.370% 04/23/04 3,000 3,107 GEN ELEC CAP CORP MED TERM NT 5.264% 01/07/02 2,000 2,001 GMACM HOME EQTY LN TR SER 2001 5.220% 04/25/14 10,000 10,169 GMACM MTG LN TR 1999-J1 6.750% 08/25/29 1,802 1,801 HARLEY-DAVIDSON EAGLEMARK 6.220% 09/15/04 286 287 HELLER EQUIP AST REC TR 5.500% 07/13/03 1,626 1,638 HONDA AUTO RECEIVABLES 2000-1 6.650% 12/16/02 4,609 4,629 HONDA AUTO RECEIVABLES 2000-1 6.620% 07/15/04 15,000 15,455 HONDA AUTO RECEIVABLES 2001-1 5.360% 09/20/04 1,415 1,454 HONDA AUTO RECEIVABLES 2001-3 3.400% 02/18/05 20,000 19,788 HOUSEHOLD AUTO TR V SER 2000-2 7.340% 11/17/04 15,000 15,506 -14- EXHIBIT 1 EXXONMOBIL SAVINGS PLAN SCHEDULE H, LINE 4i SCHEDULE OF ASSETS (HELD AT END OF YEAR) 12/31/01 (thousands of dollars) MATURITY PAR CURRENT DESCRIPTION COUPON DATE VALUE VALUE ------------------------------------------------------------------------- HSEHD HOME EQ LN TR SER 1999-1 6.950% 10/20/23 $ 8,330 $ 8,414 IRELAND REP NT 7.125% 07/15/02 14,291 14,657 JOHNSON & JOHNSON NT 7.375% 06/29/02 4,500 4,613 KEY AUTO FIN TR 1999-1 5.830% 01/15/07 9,029 9,249 KFW INTL FIN 5 MED TERM NT 5.000% 01/22/02 10,000 10,018 KFW INTL FIN 5.5 MED TERM NT 5.500% 02/19/02 10,000 10,044 MELLON AUTO GRANTOR TR 1999-1 5.460% 10/17/05 5,453 5,553 PFIZER INC 3.625% 11/01/04 20,000 19,947 PREMIER AUTO TR 1999-1 5.820% 10/08/03 20,845 21,307 PREMIER AUTO TR SER 1999-2 NT 5.490% 02/10/03 237 238 PREMIER AUTO TR SER 1999-2 NT 5.590% 02/09/04 8,910 9,080 PROCTER & GAMBLE CO 8.000% 11/15/03 5,000 5,398 PROCTER & GAMBLE CO 5.250% 09/15/03 5,000 5,160 RESIDENTIAL AST SEC CORP MTG 4.790% 10/25/19 11,500 11,601 RESIDENTIAL AST SEC CORP MTG 7.255% 08/25/21 5,000 5,074 SEARS CR ACCT MSTR TR II 6.200% 02/15/06 500 502 SOUTHWESTERN BELL TEL CO M/T/N 6.400% 04/22/02 4,500 4,552 SOUTHWESTERN BELL TEL CO M/T/N 6.250% 10/15/02 3,000 3,089 SOUTHWESTERN BELL TEL CO M/T/N 7.000% 11/15/02 1,500 1,552 TOYOTA AUTO RECEIVABLES 1999-A 6.150% 08/16/04 2,566 2,624 TOYOTA AUTO RECEIVABLES 2000-A 7.180% 08/15/04 18,367 18,929 TOYOTA AUTO RECEIVABLES 2000-B 6.760% 08/15/04 35,000 36,072 USAA AUTO LN GRANTOR TR 5.800% 01/15/05 1,686 1,689 USAA AUTO LN GRANTOR TR 6.100% 02/15/06 4,579 4,693 USAA AUTO LN GRANTOR TR 6.900% 04/15/03 2,694 2,701 USAA AUTO OWNER TR 2000-1 NT 6.950% 06/15/04 16,000 16,446 USAA AUTO OWNER TR 2001-1 NT 4.690% 02/15/05 20,000 20,393 WAL MART STORES INC 4.625% 04/15/03 25,000 25,493 WAL MART STORES INC 6.875% 08/01/02 11,600 11,909 WAL-MART STORES EUROCLEAR 6.750% 05/24/02 6,001 6,101 WELLS FARGO AUTO TR 2001-A NT 4.250% 12/15/03 22,246 22,437 WELLS FARGO AUTO TR 2001-A NT 4.680% 02/15/05 4,000 4,079 ---------- ---------- TOTAL CORPORATE DEBT INSTRUMENTS $1,048,165 $1,071,430 -15- EXHIBIT 1 EXXONMOBIL SAVINGS PLAN SCHEDULE H, LINE 4i SCHEDULE OF ASSETS (HELD AT END OF YEAR) 12/31/01 (thousands of dollars) MATURITY PAR CURRENT DESCRIPTION COUPON DATE VALUE VALUE ------------------------------------------------------------------------- U.S. GOVERNMENT SECURITIES FEDERAL FARM CR BANK 5.000% 02/03/03 $ 40,000 $ 41,147 FEDERAL HOME LOAN BANK 5.125% 01/13/03 10,000 10,293 FEDERAL HOME LOAN BANK 5.375% 01/05/04 50,000 51,950 FEDERAL HOME LOAN BANK 4.500% 07/07/03 5,000 5,124 FEDERAL HOME LOAN BANK 6.375% 11/14/03 30,000 31,677 FEDERAL HOME LN MTG CORP 5.750% 07/15/03 5,000 5,220 FEDERAL HOME LN MTG CORP 5.500% 05/15/02 28,000 28,389 FEDERAL HOME LN MTG CORP 6.250% 07/15/04 5,000 5,300 FEDERAL HOME LN MTG CORP 6.375% 11/15/03 10,000 10,572 FEDERAL HOME LN MTG CORP 7.000% 07/15/21 1,488 1,495 FEDERAL HOME LN MTG CORP 6.500% 04/15/20 7,279 7,404 FEDERAL HOME LN MTG CORP 6.500% 01/15/17 5,000 5,169 FEDERAL HOME LN MTG CORP 5.750% 03/15/09 5,590 5,700 FEDERAL HOME LN MTG CORP 7.060% 06/25/16 6,052 6,132 FEDERAL HOME LN MTG CORP 6.720% 08/25/16 3,272 3,291 FEDERAL HOME LN MTG CORP 6.000% 06/15/10 8,702 8,789 FEDERAL NATL MTG ASSN 6.375% 10/15/02 10,000 10,294 FEDERAL NATL MTG ASSN 6.500% 08/15/04 20,000 21,320 FEDERAL NATL MTG ASSN 5.000% 02/14/03 10,000 10,292 FEDERAL NATL MTG ASSN 5.375% 03/15/02 15,000 15,089 FEDERAL NATL MTG ASSN 5.125% 02/13/04 5,000 5,172 FEDERAL NATL MTG ASSN 6.750% 08/15/02 15,000 15,448 FEDERAL NATL MTG ASSN REMIC 5.750% 09/25/07 10,511 10,619 FEDERAL NATL MTG ASSN REMIC 6.000% 04/25/08 2,850 2,900 FEDERAL NATL MTG ASSN REMIC 6.000% 08/25/20 4,575 4,627 FEDERAL NATL MTG ASSN 4.875% 10/25/18 15,879 15,865 US SAVINGS BONDS SER I 5.920% 10/01/31 6,059 151,480 ---------- ---------- TOTAL U.S. GOVERNMENT SECURITIES $ 335,257 $ 490,758 OTHER SECURITIES ALBERTA PROV EUROCLEAR 7.000% 02/18/03 $ 15,000 $ 15,695 ALTA PROV CDA BD 4.875% 10/29/03 16,349 16,786 B.C PROV CDA 7.00 BD 7.000% 01/15/03 17,500 18,219 CDA GOVT 5.625% 02/19/03 5,000 5,148 -16- EXHIBIT 1 EXXONMOBIL SAVINGS PLAN SCHEDULE H, LINE 4i SCHEDULE OF ASSETS (HELD AT END OF YEAR) 12/31/01 (thousands of dollars) MATURITY PAR CURRENT DESCRIPTION COUPON DATE VALUE VALUE ------------------------------------------------------------------------- MAN PROV CAN 8.00 DEB 8.000% 04/15/02 $ 17,200 $ 17,472 MAN PROV CDA DEB DTD 01/19/94 6.125% 01/19/04 2,515 2,647 MAN PROV CDA DEB DTD 03/01/93 6.750% 03/01/03 16,400 17,108 ONT PROV CDA BD DTD 01/27/93 7.375% 01/27/03 30,000 31,389 ONT PROV CDA BD DTD 06/04/92 7.750% 06/04/02 5,000 5,119 PROV OF BC EURO 7.750% 06/18/02 7,705 7,895 ---------- ---------- TOTAL OTHER SECURITIES $ 132,669 $ 137,478 INTEREST BEARING CASH FCC NATL BK WILMINGTON DEL 5.550% 04/26/02 $ 15,000 $ 15,000 ---------- ---------- TOTAL INTEREST BEARING CASH $ 15,000 $ 15,000 COMMON COLLECTIVE TRUSTS COLLECTIVE SHORT TERM INVST FD 2.454% $ 57,415 ---------- TOTAL COMMON COLLECTIVE TRUSTS $ 57,415 PARTICIPANT LOANS (ANNUAL INTEREST RATES FROM 4.5 % TO 9.0 %, MAXIMUM PERIOD OF REPAYMENT IS 60 MONTHS) $ 165,994 ---------- TOTAL COMMON ASSET FUND $1,531,091 $1,938,075 ========== ========== -17- EXHIBIT 1 EXXONMOBIL SAVINGS PLAN SCHEDULE H, LINE 4i SCHEDULE OF ASSETS (HELD AT END OF YEAR) 12/31/01 (thousands of dollars) SHARES/ CURRENT UNITS COST VALUE FUND/ISSUE (000'S) ($000's) ($000'S) ------------------------------------------------------------------------- COMMON STOCK ---------------------------- *EXXONMOBIL CORPORATION COMMON STOCK 217,048 $8,529,969 (adjusted for June 2001 2-for-1 stock split) REGISTERED INVESTMENT COMPANIES: -------------------------------- MASSACHUSETTS FINANCIAL SERVICES COMPANY MFS EMERGING GROWTH FUND 3,163 $ 105,065 *MERRILL LYNCH INSTITUTIONAL FUND 100,275 $ 100,275 FRANKLIN CUSTODIAN FUNDS, INC. FRANKLIN U.S. GOVERNMENT SECURITIES FUND 13,293 $ 90,794 *MERRILL LYNCH GLOBAL ALLOCATION FUND 5,102 $ 65,556 AIM CHARTER FUND 5,498 $ 63,004 FRANKLIN TEMPLETON GROUP TEMPLETON FOREIGN FUND 5,355 $ 49,530 FRANKLIN TEMPLETON GROUP TEMPLETON DEVELOPING MARKETS TRUST 1,672 $ 16,516 COMMON COLLECTIVE TRUSTS: -------------------------- BARCLAYS GLOBAL INVESTORS EQUITY FUND 3,196 $ 901,722 BARCLAYS GLOBAL INVESTORS EXTENDED EQUITY INDEX FUND 16,666 $ 392,706 *MERRILL LYNCH EQUITY INDEX TRUST 1,454 $ 117,231 BARCLAYS GLOBAL INVESTORS BALANCED FUND INDEX FUND 9,315 $ 95,578 OTHER INVESTMENTS: ------------------ JENNISON EQUITY FUND 10,654 $ 921,113 *MERRILL LYNCH FLOATING RATE LONG- TERM FIXED INCOME FUND 730,179 $ 730,179 -18- EXHIBIT 1 EXXONMOBIL SAVINGS PLAN SCHEDULE H, LINE 4i SCHEDULE OF ASSETS (HELD AT END OF YEAR) 12/31/01 (thousands of dollars) SHARES/ CURRENT UNITS COST VALUE FUND/ISSUE (000'S) ($000's) ($000'S) ------------------------------------------------------------------------- *PARTICIPANT LOANS ------------------ (ANNUAL INTEREST RATES FROM 4.5% TO 9.5%, MAXIMUM PERIOD OF REPAYMENT IS 60 MONTHS) $ 54,170 ----------- TOTAL PARTICIPANT-DIRECTED INVESTMENTS $14,171,483 ----------- *EXXONMOBIL CORPORATION COMMON 29,593 $ 440,764 $ 1,162,992 STOCK (non-participant directed) (adjusted for June 2001 2-for-1 stock split) ---------- ----------- TOTAL NON-PARTICIPANT-DIRECTED INVESTMENTS $ 440,764 $ 1,162,992 ---------- ----------- TOTAL ASSETS HELD FOR INVESTMENT PURPOSES $15,334,475 =========== * Party-in-interest as defined by ERISA -19- Report of Independent Accountants 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, 2001 and 2000, and the changes in net assets available for benefits for the year ended December 31, 2001 in conformity with accounting principles generally accepted in the United States of America. These financial statements are the responsibility of the Savings Plan's manage- ment; our responsibility is to express an opinion on these financial state- ments based on our audits. We conducted our audits of these statements in accordance with auditing standards generally accepted in the United States of America, which 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. The supplemental schedule is the responsi- bility 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 20, 2002 -20- 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/ S. B. L. Penrose ___________________________________ S. B. L. Penrose Pursuant to delegation by Administrator-Finance Dated: June 20, 2002 -21- EXHIBIT INDEX ------------- EXHIBIT SUBMISSION MEDIA 23. Consent of PricewaterhouseCoopers LLP, Electronic Independent Accountants, Dated June 20, 2002 -22- EXHIBIT 23 CONSENT OF INDEPENDENT ACCOUNTANTS ---------------------------------- We hereby consent to the incorporation by reference in the Registration Statement on Form S-8 (No. 333-72955) of Exxon Mobil Corporation of our report dated June 20, 2002 relating to the financial statements of the ExxonMobil Savings Plan, which appears in this Form 11-K. PricewaterhouseCoopers LLP Houston, Texas June 20, 2002 -23-