11-K 1 r11kemsp061915.htm FORM 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, 2014

 

 

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

 

 

 

TABLE OF CONTENTS

 

 

 

 

 

Page

  

 

Financial Statements

 

  

 

         Statements of Net Assets Available for Benefits         

3

  

 

         Statement of Changes in Net Assets Available for Benefits        

4

  

 

         Notes to Financial Statements

5-10

  

 

Supplemental Schedule

 

  

 

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

11-12

 

 

Report of Independent Registered Public Accounting Firm

13

  

 

Signature

14

  

 

Exhibit Index

15

  

- 2 - 


 

 

 

 

 

 

 

 

 

 

 

 

EXXONMOBIL SAVINGS PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

(millions of dollars)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

 

 

 

 

2014

 

 

2013

 

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments, at fair value (Note 6):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exxon Mobil Corporation common stock

$

 12,907  

 

$

 14,534  

 

 

 

 

 

 

 

 

 

 

 

 

Other investments

 

 9,232  

 

 

 9,102  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total investments

 

 22,139  

 

 

 23,636  

 

 

 

 

 

 

 

 

 

 

 

Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Notes receivable from participants

 

 210  

 

 

 214  

 

 

 

 

 

 

 

 

 

 

 

 

Accrued interest

 

 -  

 

 

 2  

 

 

 

 

 

 

 

 

 

 

 

 

Other receivables

 

 6  

 

 

 30  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total receivables

 

 216  

 

 

 246  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

 22,355  

 

 

 23,882  

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Payables and accrued liabilities

 

 39  

 

 

 38  

 

 

 

 

 

 

 

 

 

 

 

 

 

Payable for cash collateral on securities loaned

 

 19  

 

 

 98  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities

 

 58  

 

 

 136  

 

 

 

 

 

 

 

 

 

 

 

 

 

Net assets available for benefits

$

 22,297  

 

$

 23,746  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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, 2014

(millions of dollars)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Additions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contributions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employer

 

 

 

$

291

 

 

 

 

Participant

 

 

 

 

473

 

 

 

 

Transfers-in at fair value

 

 

 

 

13

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total contributions

 

 

 

 

777

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

 

 

 

56

 

 

 

 

Dividends

 

 

 

 

378

 

 

 

 

Net depreciation in fair value of investments (Note 5)

 

 

 

 

(709)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment loss

 

 

 

 

(275)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest income on notes receivable from participants

 

 

 

 

8

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total additions

 

 

 

 

510

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Deductions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Benefit payments

 

 

 

 

(1,959)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total deductions

 

 

 

 

(1,959)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net decrease

 

 

 

 

(1,449)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net assets available for benefits:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of year

 

 

 

 

23,746

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

End of year

 

 

 

$

22,297

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

The accompanying notes are an integral part of these financial statements.

 

 

 

 

 

 

 

 

 

 

 

 

 

- 4 - 


 

EXXONMOBIL SAVINGS PLAN

 

 

NOTES TO FINANCIAL STATEMENTS

 

 

 

Note 1:  Description of the Plan

 

General

 

Active participants in the ExxonMobil Savings Plan ("Plan") are eligible employees of Exxon Mobil Corporation ("ExxonMobil" or the “Company") and certain affiliated employers.  The terms and conditions of the Plan are contained in the ExxonMobil Benefit Plans Common Provisions document, the ExxonMobil Savings Plan document, and the ExxonMobil Savings Trust document (collectively, the "Plan Document").  The Plan is an "employee pension benefit plan" described in Section 3(2) of the Employee Retirement Income Security Act of 1974 ("ERISA"), a "defined contribution plan" described in Section 3(34) of ERISA, and a non-leveraged Employee Stock Ownership Plan.

 

Contributions

 

The Plan permits participant contributions that range from 6% to 20% of each participant’s eligible pay. The Company matches only the minimum 6% contribution in an amount equal to 7% of a participant’s eligible pay.

 

Employees who are at least age 50 during the plan year and who maximize the combination of their regular pretax and Roth contributions may elect to make additional 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 2014, employer contributions totaling $1 million were forfeited by terminating employees and used to offset 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 as described in Note 6.

 

Under the terms of its trust agreement, the Plan engaged in an authorized form of security lending activities during the years ended December 31, 2014 and 2013.  In accordance with the Savings Plan Securities Lending Agreement with The Northern Trust Company, the market value of the collateral held is required to be at least 102% of the market value of securities lent or at least 105% if the collateral held and securities lent are denominated in different currencies.  The fair value of U.S. Government securities on loan was $18 million and $96 million, at December 31, 2014 and 2013, respectively.  The securities on loan are reflected in the Statements of Net Assets Available for Benefits and the Schedule of Assets (Held At End Of Year) at December 31, 2014 and 2013.  The value of cash collateral obtained and reinvested in short term investments is reflected as a liability on the Plan’s financial statements.

 

Purchases and sales of securities are recorded on a trade-date basis.  Dividends are recorded on the ex-dividend date.

 

Net appreciation and depreciation in the current value of investments includes realized gains and losses on investments sold or disposed of during the year and unrealized gains and losses on investments held at year end.

 

Transfers-in at fair value include participant-initiated rollovers of certain distributions from other tax-qualified plans into the Plan.

 

Use of Estimates

 

The preparation of financial statements in conformity with accounting principles generally accepted in the United States of America requires management to make estimates and assumptions that affect the reported amounts of assets available for benefits, 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.

 

Risks and Uncertainties

 

The Plan participants invest in various investment options offered by the Plan.  Investments in these Plan-offered options are subject to various risks, such as interest rate, market, and credit risks.  Due to the level of risk associated with certain investment securities, it is at least reasonably possible that changes in the values of investment securities will occur in the near term and that such changes could materially affect the amounts reported in the Statement of Net Assets Available for Benefits.

 

 

- 6 - 


 

EXXONMOBIL SAVINGS PLAN

 

 

NOTES TO FINANCIAL STATEMENTS

 

 

Note 2:  Summary of Significant Accounting Policies (continued)

 

Expenses

 

Investment income from all sources is stated net of administrative expenses which include brokerage fees on purchases and sales of ExxonMobil common stock and management fees.  Fees for delivery of checks that are expedited upon request by participants are charged to the participant’s account.  All other administrative fees are paid by the Company.  Administrative expenses are recorded when incurred.

 

Note 3:  Related Party and Party in Interest Transactions

 

During 2014, certain Plan investments were units of various funds managed by The Northern Trust Company.  The Northern Trust Company also provided custodial services to the Plan and acted as securities lending agent during the plan year and, therefore, purchases and sales of these investments qualified as party in interest transactions.  The Plan holds Exxon Mobil Corporation common stock.  Exxon Mobil Corporation is the employer of Plan participants and is the plan sponsor, and any transactions in Exxon Mobil Corporation common stock qualify as party in interest transactions.  Notes receivable from participants (participant loans) also qualify as party in interest transactions.

 

Note 4:  Tax Status

 

The Internal Revenue Service has determined and informed the Plan administrators by a letter dated May 19, 2011, that the Plan and related trust are designed in accordance with the applicable sections of the Internal Revenue Code (“IRC”).  The Plan has been amended since receiving the determination letter.  The Plan administrators and legal counsel believe the Plan is currently designed and is being operated in compliance with the applicable requirements of the IRC.  The Plan is subject to audit by taxing jurisdictions; however, there are currently no audits for any tax periods in progress. The Plan administrator believes it is no longer subject to income tax examinations for years prior to 2012.

 

Note 5:  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,

 

 

 

 

 

 

2014

 

 

2013

 

 

 

 

 

 

 

 

 

 

 

 

Exxon Mobil Corporation common stock

 

 

 

 

 

 

 

140 and 144 million shares,

 

 

 

 

 

 

 

respectively

 

$12,907

 

 

$14,534

 

 

 

 

 

 

 

 

 

 

 

 

NT S&P 500 Index Fund

 

 

 

 

 

 

 

461 and 468 thousand units,

 

 

 

 

 

 

 

respectively

 

3,048

 

 

2,721

 

 

 

 

 

 

 

 

 

 

 

 

NT Extended Equity Mkt Index Fund

 

 

 

 

 

 

 

3,652 and 3,697 thousand units,

 

 

 

 

 

 

 

respectively

 

1,917

 

 

1,800

 

- 7 - 


 

EXXONMOBIL SAVINGS PLAN

 

 

NOTES TO FINANCIAL STATEMENTS

 

 

Note 5:  Investments (continued)

 

During 2014, the Plan's investments (including gains and losses on investments bought and sold, as well as held during the year) depreciated in value by $709 million as follows:

  

 

 

 

 

 

(millions of dollars)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

ExxonMobil common stock

$

(1,207)

 

 

 

 

 

Common collective trusts

 

497

 

 

 

 

 

U.S. Government securities

 

1

 

 

 

 

 

 

 

 

$

(709)

 

 

 

 

 

Note 6:  Fair Value Measurements

 

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

 

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

 

 

- 8 - 


 

EXXONMOBIL SAVINGS PLAN

 

 

NOTES TO FINANCIAL STATEMENTS

 

 

 

Note 6:  Fair Value Measurements (continued)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements at

 

 

 

 

 

December 31, 2014 Using

 

 

 

 

 

 

 

 

 

 

 

(millions of dollars)

 

 

Quoted Prices In

 

 

 

 

 

 

 

 

 

 

Active Markets for

 

 

Significant Other

 

 

 

 

 

 

 

Identical Assets

 

 

Observable Inputs

 

 

Description of investments

Value

 

(Level 1)

 

 

(Level 2)

 

 

 

 

 

 

 

 

 

 

 

 

 

ExxonMobil common stock

$12,907

 

$12,907

 

(1)

 

 

 

Fixed income (U.S. Govt. Securities)

2,460

 

 

 

 

$2,460

 

(2)

Securities lending collateral fund

19

 

 

 

 

19

 

(3)

Common collective trusts:

 

 

 

 

 

 

 

 

 

S&P 500 Fund

3,048

 

 

 

 

3,048

 

(4)

 

Small & Mid Cap Fund

1,917

 

 

 

 

1,917

 

(4)

 

World Ex-US Equity Fund

1,012

 

 

 

 

1,012

 

(4)

 

Aggregate Bond Fund

691

 

 

 

 

691

 

(5)

 

Short term investments

85

 

 

 

 

85

 

(6)

 

 

 

 

 

 

 

 

 

 

 

 

Total

$22,139

 

$12,907

 

 

$9,232

 

 



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

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

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

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

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

6)   For short term investments held in the form of units in common collective trusts that are redeemable daily at the unit value, including the measurement date, the unit value is treated as a Level 2 input.

 

The investments discussed in the Fair Value Measurements table footnotes (3), (4), (5) and (6) above are net asset value funds.

 

 

- 9 - 


 

EXXONMOBIL SAVINGS PLAN

 

 

NOTES TO FINANCIAL STATEMENTS

 

 

 

Note 6:  Fair Value Measurements (continued)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Fair Value Measurements at

 

 

 

 

 

December 31, 2013 Using

 

 

 

 

 

 

 

 

 

 

 

(millions of dollars)

 

 

Quoted Prices In

 

 

 

 

 

 

 

 

 

 

Active Markets for

 

 

Significant Other

 

 

 

 

 

 

 

Identical Assets

 

 

Observable Inputs

 

 

Description of investments

Value

 

(Level 1)

 

 

(Level 2)

 

 

 

 

 

 

 

 

 

 

 

 

 

ExxonMobil common stock

$14,534

 

$14,534

 

(1)

 

 

 

Fixed income (U.S. Govt. Securities)

2,609

 

 

 

 

$2,609

 

(2)

Securities lending collateral fund

98

 

 

 

 

98

 

(3)

Common collective trusts:

 

 

 

 

 

 

 

 

 

S&P 500 Fund

2,721

 

 

 

 

2,721

 

(4)

 

Small & Mid Cap Fund

1,800

 

 

 

 

1,800

 

(4)

 

World Ex-US Equity Fund

1,005

 

 

 

 

1,005

 

(4)

 

Aggregate Bond Fund

602

 

 

 

 

602

 

(5)

 

Short term investments

267

 

 

 

 

267

 

(6)

 

 

 

 

 

 

 

 

 

 

 

 

Total

$23,636

 

$14,534

 

 

$9,102

 

 



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

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

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

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

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

6)   For short term investments held in the form of units in common collective trusts that are redeemable daily at the unit value, including the measurement date, the unit value is treated as a Level 2 input.

 

The investments discussed in the Fair Value Measurements table footnotes (3), (4), (5) and (6) above are net asset value funds.

  

- 10 - 


 

 

 

 

 

 

 

 

 

 

SCHEDULE H

 

 

 

 

 

 

 

 

 

 

 

 

EXXONMOBIL SAVINGS PLAN

SCHEDULE H, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2014

 

(a)

(b)

(c)

 

(d)

 

(e)

 

IDENTITY OF ISSUE

DESCRIPTION OF INVESTMENT

 

COST

 

CURRENT

 

 

 

 

 

 

 

**

 

VALUE

 

 

 

 

 

coupon

maturity

par/units

 

 

 

 

 

 

 

 

 

 

 

(000's)

 

 

 

($000's)

 

 

 

 

 

 

 

 

 

 

 

 

 

U.S. GOVERNMENT SECURITIES

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

FNMA NT

4.875%

12/15/2016

20,000

 

 

$

 21,595  

 

U.S. SAVINGS BOND SERIES EE

1.300%

02/01/2039

91,995

 

 

 

 91,995  

 

U.S. SAVINGS BOND SERIES EE

1.100%

08/01/2041

94,846

 

 

 

 94,846  

 

U.S. SAVINGS BOND SERIES EE

3.000%

03/01/2038

106,860

 

 

 

 106,860  

 

U.S. SAVINGS BOND SERIES EE

1.400%

06/01/2040

90,393

 

 

 

 90,393  

 

U.S. SAVINGS BOND SERIES I

1.480%

05/01/2041

197,835

 

 

 

 197,835  

 

U.S. SAVINGS BOND SERIES I

1.580%

05/01/2044

177,231

 

 

 

 177,231  

 

U.S. SAVINGS BOND SERIES I

1.840%

01/01/2042

189,972

 

 

 

 189,972  

 

U.S. SAVINGS BOND SERIES I

3.050%

02/01/2038

222,601

 

 

 

 222,601  

 

U.S. SAVINGS BOND SERIES I

2.550%

02/01/2039

201,132

 

 

 

 201,132  

 

U.S. SAVINGS BOND SERIES I

2.140%

01/01/2040

190,424

 

 

 

 190,424  

 

U.S. SAVINGS BOND SERIES I

1.840%

01/01/2043

181,654

 

 

 

 181,654  

 

U.S. SAVINGS BOND SERIES I

3.860%

10/01/2032

136,260

 

 

 

 136,260  

 

U.S. SAVINGS BOND SERIES I

4.870%

10/01/2031

307,200

 

 

 

 307,200  

 

U.S. SAVINGS BOND SERIES I

3.450%

01/01/2033

250,423

 

 

 

 250,423  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   TOTAL U.S. GOVERNMENT SECURITIES

 

 

 

 

$

 2,460,421  

 

 

 

 

 

 

 

 

 

 

 

 

*

PARTICIPANT LOANS                               

3.75% to 9.25%

Maturity from 1 to 135 months

$

 209,945  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*

Party in interest as defined by ERISA

**

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

 

 

 

 

 

 

 

 

 

 

 

 

- 11 - 


 

 

 

 

 

 

 

 

 

SCHEDULE H

 

 

 

 

 

 

 

 

 

 

 

EXXONMOBIL SAVINGS PLAN

SCHEDULE H, LINE 4i

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

DECEMBER 31, 2014

 

(a)

(b)

(c)

(d)

 

(e)

 

IDENTITY OF ISSUE

DESCRIPTION OF INVESTMENT

COST

 

CURRENT

 

 

 

 

 

 

**

 

VALUE

 

 

 

 

 

coupon

maturity

par/units

 

 

 

 

 

 

 

 

 

 

(000's)

 

 

($000's)

 

 

 

 

 

 

 

 

 

 

 

 

COMMON COLLECTIVE TRUSTS

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

*

NT S&P 500 INDEX FUND

 

 

461

 

$

 3,048,263  

 

 

 

 

 

 

 

 

*

NT EXTENDED EQUITY MARKET INDEX FUND

 

3,652

 

 

 1,916,861  

 

 

 

 

 

 

 

 

*

NT WORLD EX-US INVESTABLE MARKET INDEX FUND

 

7,566

 

 

 1,011,405  

 

 

 

 

 

 

 

 

*

NT AGGREGATE BOND INDEX FUND

 

 

1,376

 

 

 691,098  

 

 

 

 

 

 

 

 

*

NT GOVERNMENT STIF

 

 

 

 

 

 85,384  

 

 

 

 

 

 

 

 

 

 

 

TOTAL COMMON COLLECTIVE TRUSTS

 

 

 

$

 6,753,011  

 

 

 

 

 

 

 

 

 

OTHER

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*

CORE USA COLLATERAL FUND

 

 

 

 

$

 18,668  

 

 

 

 

 

 

 

 

 

COMMON STOCK

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*

EXXON MOBIL CORPORATION

 

 

139,609

 

$

 12,907,072  

 

 

 

 

 

 

 

 

 

TOTAL ASSETS HELD

 

 

 

$

 22,349,117  

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*

Party in interest as defined by ERISA

**

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

 

 

 

 

 

 

 

 

 

 

 

- 12 - 


 

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 “Plan”) at December 31, 2014 and 2013 and the changes in net assets available for benefits for the year ended December 31, 2014 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.

 

The supplemental Schedule of Assets (Held At End Of Year) has been subjected to audit procedures performed in conjunction with the audit of the Plan’s financial statements.  The supplemental schedule is the responsibility of the Plan’s management.  Our audit procedures included determining whether the supplemental schedule reconciles to the financial statements or the underlying accounting and other records, as applicable, and performing procedures to test the completeness and accuracy of the information presented in the supplemental schedule. In forming our opinion on the supplemental schedule, we evaluated whether the supplemental schedule, including its form and content, is presented in conformity with the Department of Labor’s Rules and Regulations for Reporting and Disclosure under the Employee Retirement Income Security Act of 1974.  In our opinion, the Schedule of Assets (Held At End Of Year) is fairly stated, in all material respects, in relation to the financial statements as a whole.

 

 

 

/s/ PricewaterhouseCoopers LLP

 

Houston, Texas

June 19, 2015

 

 

 

 

 

  

- 13 - 


 

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/ Stephen J. Kestle              

 

 

Stephen J. Kestle

 

Administrator-Accounting

 

 

Dated:  June 19, 2015

 

  

- 14 - 


 

EXHIBIT INDEX

 

 

 

EXHIBIT

 

23

Consent of PricewaterhouseCoopers LLP, Independent Registered Public Accounting Firm Dated June 19, 2015

 

 

 

 

 

- 15 -