11-K 1 r11kemsp061005.htm EMSP 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, 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







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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












































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