0000034088-24-000039.txt : 20240620 0000034088-24-000039.hdr.sgml : 20240620 20240620144505 ACCESSION NUMBER: 0000034088-24-000039 CONFORMED SUBMISSION TYPE: 11-K PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20231231 FILED AS OF DATE: 20240620 DATE AS OF CHANGE: 20240620 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EXXON MOBIL CORP CENTRAL INDEX KEY: 0000034088 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] ORGANIZATION NAME: 01 Energy & Transportation IRS NUMBER: 135409005 STATE OF INCORPORATION: NJ FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 11-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-02256 FILM NUMBER: 241055730 BUSINESS ADDRESS: STREET 1: 22777 SPRINGWOODS VILLAGE PARKWAY CITY: SPRING STATE: TX ZIP: 77389-1425 BUSINESS PHONE: 9729406000 MAIL ADDRESS: STREET 1: 22777 SPRINGWOODS VILLAGE PARKWAY CITY: SPRING STATE: TX ZIP: 77389-1425 FORMER COMPANY: FORMER CONFORMED NAME: EXXON CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: STANDARD OIL CO OF NEW JERSEY DATE OF NAME CHANGE: 19721123 11-K 1 xom-20231231x11k.htm FORM 11-K Document

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, 2023
 
 
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
 
22777 Springwoods Village Parkway
 
Spring, Texas 77389-1425





EXXONMOBIL SAVINGS PLAN
 
 
 
TABLE OF CONTENTS
 
 
 
 
2



EXXONMOBIL SAVINGS PLAN
STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS
(millions of dollars)
 December 31,
 20232022
Assets  
Investments, at fair value (Note 5):  
Exxon Mobil Corporation common stock7,330 8,390 
Other investments14,428 12,723 
Other investments on loan30 — 
Total investments21,788 21,113 
Receivables:
Notes receivable from participants126 139 
Other receivables14 
Total receivables129 153 
Total assets21,917 21,266 
Liabilities
Payables and accrued liabilities71 73 
Payables for cash collateral on securities on loan— 
Total liabilities80 73 
Net assets available for benefits21,837 21,193 














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 2023
(millions of dollars)
Contributions: 
  
Employer266 
Participant425 
Transfers-in at fair value48 
 
Total contributions739 
 
 
Investment income/(loss):
 
Interest177 
Dividends273 
Net appreciation/(depreciation) in fair value of investments1,369 
 
Net investment income/(loss)1,819 
 
Interest income on notes receivable from participants
 
 
Benefit payments(1,921)
 
Net increase/(decrease)644 
 
Net assets available for benefits:
 
Beginning of year21,193 
 
 
End of year21,837 














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. The notes to the financial statements give a general description of the Plan. Participants should refer to the Plan Document for a more complete discussion of the Plan's provisions.
 
Contributions
 
The Plan permits participant contributions that range from 6 percent to 20 percent of each participant’s eligible pay. The Company matches only the minimum 6 percent contribution in an amount equal to 7 percent 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 percent upon the earliest of completion of 3 years of vesting service, reaching age 65 while employed, or death while an employee.
 
Forfeitures
 
During 2023, employer contributions totaling $1.8 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 5.
 
Under the terms of its trust agreement, the Plan engaged in an authorized form of security lending activities during the year ended December 31, 2023. In accordance with the Savings Plan Securities Lending Agreement with The Northern Trust Company, the market value of the collateral held at the time of trade execution is required to be at least 102 percent of the market value of securities on loan or at least 105 percent if the collateral held and securities on loan are denominated in different currencies. The fair value of U.S. Government securities on loan was $30 million and $0 million, at December 31, 2023 and 2022, respectively. The securities on loan are reflected in the Statements of Net Assets Available for Benefits at December 31, 2023 and 2022 and the Schedule of Assets (Held At End Of Year). 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" only includes dividends on ExxonMobil stock, and any dividends related to the NT CCT equity funds are reflected as part of the "Net appreciation/(depreciation) in fair value of investments". "Interest" includes only interest from fixed income securities held in the Common Assets Portfolio and from short term cash investments. Interest related to the NT Bond Fund CCT is reflected as part of the "Net appreciation/(depreciation) in fair value of investments".

Net appreciation / 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 value, and credit risks. Market risks include global events which could impact the value of investments securities, such as pandemics or international conflicts.  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 Statements of Net Assets Available for Benefits.

Expenses

Investment income from all sources is stated net of brokerage fees on purchases and sales of ExxonMobil common stock, administrative expenses and investment management fees.  Fees for delivery of checks that are expedited
6

EXXONMOBIL SAVINGS PLAN

 
NOTES TO FINANCIAL STATEMENTS



upon request by participants and participant loan origination fees 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 2023, certain Plan investments were units of various funds managed by The Northern Trust Company, and therefore, purchases and sales of these investments qualified as party in interest transactions. The Northern Trust Company also provided custodial services to the Plan and acted as securities lending agent during the Plan year.

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 August 7, 2017, 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.

Note 5:  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:
7

EXXONMOBIL SAVINGS PLAN

 
NOTES TO FINANCIAL STATEMENTS




Note 5: Fair Value Measurements (continued)

Fair Value Measurements at
December 31, 2023 Using*
(millions of dollars)  
 
 
Description of investmentsValue Quoted Prices In
Active Markets for
Identical Assets
(Level 1)
 
Significant Other
Observable Inputs
(Level 2)
 
ExxonMobil common stock7,330  7,330 (1)  
U.S. Government Securities2,704   2,704 (2)
Corporate Debt Securities422 422 (2)
Total10,456  7,330  3,126  
Common/Collective trusts (at net asset value)**:    
S&P 500 Fund5,652 (3)    
Small & Mid Cap Fund2,718 (3)    
World Ex-US Equity Fund1,720 (3)    
Aggregate Bond Fund1,076 (4)    
Short term investments166 (5)    
Total21,788      


(1)     For ExxonMobil common stock, fair value is based on observable quoted prices on an active exchange.
(2)     For U.S. government securities and corporate debt securities, fair value is based on observable inputs of comparable market transactions.
(3)     Investments in common and preferred stocks held in the form of units in common/collective trusts are redeemable daily at the unit value, including the measurement date. The fair value of the underlying securities owned by the common/collective trusts is based on observable quoted prices on an active exchange.
(4)     Investments in debt securities and fixed income assets held in the form of units in common/collective trusts are redeemable daily at the unit value, including the measurement date.
(5)     Short term investments held in the form of units in common/collective trusts are redeemable daily at the unit value, including the measurement date.
 
* There are no “Level 3” investments.
** Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts in the Statements of Net Assets.












8

EXXONMOBIL SAVINGS PLAN

 
NOTES TO FINANCIAL STATEMENTS




Note 5: Fair Value Measurements (continued) 
Fair Value Measurements at
December 31, 2022 Using*
(millions of dollars)  
 
Description of investmentsValue Quoted Prices In
Active Markets for
Identical Assets
(Level 1)
 Significant Other
Observable Inputs
(Level 2)
 
ExxonMobil common stock8,390 8,390 (1) 
U.S. Government Securities2,362 2,362 (2)
Corporate Debt Securities914 914 (2)
Total11,666 8,390 3,276  
Common/Collective trusts (at net asset value)**: 
S&P 500 Fund4,608 (3) 
Small & Mid Cap Fund2,245 (3) 
World Ex-US Equity Fund1,500 (3) 
Aggregate Bond Fund960 (4) 
Short term investments134 (5) 
Total21,113  


(1)     For ExxonMobil common stock, fair value is based on observable quoted prices on an active exchange.
(2)     For U.S. government securities and corporate debt securities, fair value is based on observable inputs of comparable market transactions.
(3)     Investments in common and preferred stocks held in the form of units in common/collective trusts are redeemable daily at the unit value, including the measurement date. The fair value of the underlying securities owned by the common/collective trusts is based on observable quoted prices on an active exchange.
(4)     Investments in debt securities and fixed income assets held in the form of units in common/collective trusts are redeemable daily at the unit value, including the measurement date.
(5)     Short term investments held in the form of units in common/collective trusts are redeemable daily at the unit value, including the measurement date.
 
* There are no “Level 3” investments.
** Certain investments that are measured at fair value using the net asset value per share (or its equivalent) practical expedient have not been categorized in the fair value hierarchy. The fair value amounts presented in this table are intended to permit reconciliation of the fair value hierarchy to the amounts in the Statements of Net Assets.











9












SCHEDULE H
EXXONMOBIL SAVINGS PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2023

(a)(b)(c)(d)(e)
 IDENTITY OF ISSUEDESCRIPTION OF INVESTMENTCOSTCURRENT
*    **VALUE
  couponmaturitypar/units  
    (000's) ($000's)
 U.S. GOVERNMENT SECURITIES    
FEDERAL FARM CR BKS5.500 %11/25/2425,000 25,136 
FEDERAL FARM CR BKS5.790 %11/13/265,000 5,001 
FEDERAL FARM CREDIT5.000 %01/08/2712,826 12,822 
FEDERAL HOME LN BKS5.585 %03/27/2520,000 19,960 
FEDERAL HOME LN BKS5.000 %02/21/2415,000 14,991 
FEDERAL HOME LN BKS5.600 %12/26/259,645 9,634 
FEDERAL HOME LN BKS5.700 %04/11/2510,000 9,989 
FEDERAL HOME LN MTG CORP 4.000 %12/30/2415,000 14,878 
FEDERAL HOME LN MTG CORP 5.750 %12/07/2610,000 10,021 
FEDERAL HOME LOAN MORTGAGE6.000 %10/30/262,000 2,000 
FREDDIE MAC 5.750 %08/14/2620,000 20,000 
U.S SAVINGS BOND SERIES I5.410 %10/01/32207,228 207,228 
U.S SAVINGS BOND SERIES I6.430 %10/01/31510,427 510,427 
U.S SAVINGS BOND SERIES I3.380 %01/01/4329,628 29,628 
U.S SAVINGS BOND SERIES I3.690 %01/01/40252,583 252,583 
U.S SAVINGS BOND SERIES EE3.000 %03/01/38139,729 139,729 
U.S SAVINGS BOND SERIES I4.600 %02/01/38316,453 316,453 
U.S SAVINGS BOND SERIES I4.090 %02/01/39274,208 274,208 
U.S SAVINGS BOND SERIES I5.010 %01/01/33369,018 369,018 
U.S SAVINGS BOND SERIES I4.040 %05/01/44231,753 231,753 
U.S.TREASURY NOTES4.250 %12/31/242,032 2,032 
U.S.TREASURY NOTES4.375 %10/31/242,006 2,006 
U.S.TREASURY BOND2.000 %02/15/251,956 1,956 
U.S.TREASURY NOTES2.125 %07/31/241,984 1,984 
FEDERAL FARM CR BKS5.540 %09/25/2425,000 24,987 
FEDERAL HOME LN BK 0.000%09/18/245,000 4,826 
FEDERAL HOME LN BK 0.000%12/06/245,000 4,780 
FEDERAL HOME LOAN BANKS 5.500 %08/22/2425,000 25,086 
USA TREAS BILLS0.000%03/12/242,000 1,980 
USA TREAS BILLS0.000%01/18/245,000 4,988 
USA TREAS BILLS0.000%02/22/2440,000 39,703 
USA TREAS BILLS0.000%03/21/242,000 1,977 
USA TREAS BILLS0.000%03/05/242,000 1,982 

10












SCHEDULE H
EXXONMOBIL SAVINGS PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2023


(a)(b)(c)(d)(e)
IDENTITY OF ISSUEDESCRIPTION OF INVESTMENTCOSTCURRENT
***VALUE
couponmaturitypar/units
(000's)($000's)
USA TREAS BILLS0.000%11/29/244,000 3,832 
 USA TREAS BILLS0.000%02/06/242,000 1,990 
USA TREAS BILLS0.000%04/02/245,000 4,934 
USA TREAS BILLS0.000%02/13/244,000 3,975 
USA TREAS BILLS0.000%03/07/2420,000 19,812 
USA TREAS BILLS0.000%03/19/242,000 1,978 
USA TREAS BONDS0.000%03/26/242,000 1,976 
USA TREAS BONDS0.000%02/08/245,500 5,470 
UNITED STS TREAS BILLS0.000%02/29/2435,000 34,703 
UNITED STS TREAS BILLS0.000%09/05/2420,000 19,350 
UNITED STS TREAS BILLS0.000%03/28/242,000 1,975 
UNITED STS TREAS BILLS0.000%03/14/2410,000 9,896 
   
   TOTAL U.S. GOVERNMENT SECURITIES2,703,637 
  
CORPORATE DEBT SECURITIES
  
HONEYWELL INTL INC 4.850 %11/01/242,000 1,993 
INTL BUSINESS 3.450 %02/19/262,500 2,436 
KENVUE INC SR 5.500 %03/22/252,056 2,073 
NATL AUSTRALIA BK5.132 %11/22/242,000 2,002 
ONCOR ELEC DELIVERY CO2.750 %06/01/242,500 2,469 
PEPSICO INC FLTG5.744 %11/12/243,000 3,005 
PFIZER INVESTMENT ENTER4.650 %05/19/255,000 4,984 
PVTPL GEORGIA-PAC LLC0.625 %05/15/241,391 1,366 
PVTPL JACKSON NATL LIFE GLOBA5.500 %01/09/261,286 1,285 
ROYAL BK CDA GLOBAL5.250 %02/22/265,000 5,002 
STATOIL ASA3.700 %03/01/242,000 1,994 
WESTPAC BKG CORP5.512 %11/17/253,000 3,049 
ALBERTA PROV CDA DISC0.000%05/03/2410,000 9,816 
ANGLESEA FDG PLC / ANGLESEA0.000%01/02/24670 670 
ANGLESEA FDG PLC / ANGLESEA0.000%02/01/245,000 4,975 
BANCO DEL ESTADO DE CHILE0.000%01/24/246,565 6,540 
BANCO SANTANDER SA0.000%01/19/2413,800 13,757 
11













SCHEDULE H
EXXONMOBIL SAVINGS PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2023

(a)(b)(c)(d)(e)
IDENTITY OF ISSUEDESCRIPTION OF INVESTMENTCOSTCURRENT
***VALUE
couponmaturitypar/units
(000's)($000's)
BANK MONTREAL DISC 0.000%01/22/245,000 4,982 
BANK MONTREAL DISC 0.000%01/04/24146 146 
BEDFORD ROW FDG CORP0.000%01/09/24600 599 
BEDFORD ROW FDG CORP0.000%01/22/241,000 996 
BPCE DISC COML PAPER0.000%02/01/243,230 3,214 
BPCE DISC COML PAPER0.000%04/15/245,000 4,919 
BRITISH COLUMBIA 0.000%01/12/2413,600 13,572 
BRITISH COLUMBIA 0.000%01/23/245,000 4,982 
CAISSE D AMORTISSEMENT0.000%01/26/241,587 1,580 
DEERE JOHN CAP CORP 0.000%03/13/2410,750 10,630 
DEERE JOHN FINL INC 0.000%02/02/245,000 4,974 
EMERSON ELEC CO-DISC0.000%01/26/244,000 3,983 
ESSILORLUXOTTICA DISC0.000%03/19/2410,000 9,880 
FIRST ABU DHABI BK0.000%01/19/2410,000 9,969 
FIRST ABU DHABI BK0.000%03/11/2410,000 9,890 
FMS WERTMANAGEMENT0.000%02/08/24500 497 
GEORGIA TRANSMISSION0.000%02/06/245,000 4,971 
GLENCOVE FDG DAC0.000%02/01/2410,000 9,949 
GREAT WEST LIFE & ANNUITY0.000%01/19/2410,000 9,969 
GTA FDG LLC DISC0.000%01/24/24794 791 
GTA FDG LLC DISC0.000%03/04/24671 664 
ING US FDG LLC0.000%04/01/2410,000 9,859 
JOHNS HOPKINS HEALTH SYS0.000%01/25/246,000 5,976 
KEB HANA BK0.000%01/05/2410,000 9,990 
KENVUE INC0.000%01/18/245,000 4,985 
LEXINGTON PARKER CAP0.000%02/05/2410,000 9,943 
LILLY ELI & CO0.000%01/23/245,000 4,982 
LILLY ELI & CO0.000%02/15/2410,000 9,929 
LIME FDG LLC0.000%01/04/245,000 4,996 
LVMH MOET HENNESSY0.000%02/05/24395 393 
LVMH MOET HENNESSY0.000%02/06/241,750 1,740 
MACKINAC FDG CO0.000%03/06/2410,000 9,897 
MARS INC DISC0.000%02/14/2410,000 9,930 
12












SCHEDULE H
EXXONMOBIL SAVINGS PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2023

(a)(b)(c)(d)(e)
IDENTITY OF ISSUEDESCRIPTION OF INVESTMENTCOSTCURRENT
***VALUE
couponmaturitypar/units
(000's)($000's)
MAYBANK SINGAPORE LTD0.000%01/09/2410,000 9,807 
MERCEDES-BENZ FIN NORTH AMER0.000%03/27/2410,000 9,864 
MICROSOFT CORP0.000%01/03/24500 500 
MICROSOFT CORP0.000%01/12/246,000 5,988 
MICROSOFT CORP0.000%01/31/245,000 4,976 
MICROSOFT CORP0.000%02/27/245,000 4,956 
MICROSOFT CORP0.000%03/08/244,500 4,453 
MICROSOFT CORP0.000%05/07/241,250 1,226 
NATIXIS N Y BRH0.000%02/15/2410,000 9,929 
NESTLE FIN INTL LTD0.000%04/30/242,000 1,965 
NESTLE FIN INTL LTD0.000%01/10/243,000 2,995 
PFIZER INC0.000%03/15/2413,750 13,592 
PODIUM FDG TR0.000%02/08/244,000 3,976 
PVTPL BARCLAYS BK0.000%03/06/2410,000 9,897 
RIDGEFIELD FDG CO0.000%02/14/24410 407 
RIDGEFIELD FDG CO0.000%05/22/242,750 2,691 
SALISBURY RECEIVABLES CO0.000%01/26/24499 497 
SOCIETE GENERALE ZCPN/CP0.000%01/31/24750 746 
SOUTHERN CALIF GAS CO0.000%01/10/2410,000 9,982 
STE TRANSCORE HLDGS INC0.000%01/18/2410,500 10,469 
SUMITOMO MITSUI TR BK LTD0.000%01/11/2410,000 9,981 
SUNCORP-METWAY LTD0.000%02/13/245,390 5,351 
TORONTO DOMINION BK0.000%01/02/244,000 3,998 
TORONTO DOMINION BK0.000%03/15/245,000 4,942 
TOYOTA INDS0.000%01/17/241,250 1,246 
TOYOTA MTR CR CORP0.000%02/12/24381 378 
UNITED PARCEL SERVICE INC0.000%01/30/2410,000 9,953 
VERSAILLES COML PAPER LLC0.000%01/04/24250 250 
VOLVO GROUP TREAS NORTH AME0.000%01/22/245,000 4,981 
VOLVO GROUP TREAS NORTH AME0.000%02/21/245,000 4,958 
WALMART INC0.000%01/09/245,500 5,491 
TOTAL CORPORATE DEBT SECURITIES421,638 

13












SCHEDULE H
EXXONMOBIL SAVINGS PLAN
SCHEDULE H, LINE 4i
SCHEDULE OF ASSETS (HELD AT END OF YEAR)
DECEMBER 31, 2023

(a)(b)(c)(d)(e)
IDENTITY OF ISSUEDESCRIPTION OF INVESTMENTCOSTCURRENT
***VALUE
couponmaturitypar/units
(000's)($000's)
*PARTICIPANT LOANS3.75% to 9.00% Maturity from 1 to 60 months126,048 
COMMON/COLLECTIVE TRUSTS
*NT S&P 500 INDEX FUND311 5,651,978 
*NT EXTENDED EQUITY MARKET INDEX FUND2,440 2,718,190 
*NT WORLD EX-US INVESTABLE MARKET INDEX FUND7,741 1,720,223 
*NT AGGREGATE BOND INDEX FUND1,893 1,076,299 
*NT GOVERNMENT STIF FUND156,833 156,833 
*NT CORE SL STIF FUND9,564 9,564 
TOTAL COMMON/COLLECTIVE TRUSTS11,333,087 
COMMON STOCK
*EXXON MOBIL CORPORATION73,314 7,330,137 
BANK DEPOSITS100 
TOTAL ASSETS HELD21,914,647 





*    Party in interest as defined by ERISA
**    Cost information is not required for participant-directed investments and, therefore, is not included
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Report of Independent Registered Public Accounting Firm

To the Administrator and Plan Participants of ExxonMobil Savings Plan

Opinion on the Financial Statements

We have audited the accompanying statements of net assets available for benefits of ExxonMobil
Savings Plan (the “Plan”) as of December 31, 2023 and 2022 and the related statement of changes in net assets available for benefits for the year ended December 31, 2023, including the related notes (collectively referred to as the “financial statements”). In our opinion, the financial statements present fairly, in all material respects, the net assets available for benefits of the Plan as of December 31, 2023 and 2022, and the changes in net assets available for benefits for the year ended December 31, 2023 in conformity with accounting principles generally accepted in the United States of America.

Basis for Opinion

These financial statements are the responsibility of the Plan’s management. Our responsibility is to express an opinion on the Plan’s financial statements based on our audits. We are a public accounting firm registered with the Public Company Accounting Oversight Board (United States) (PCAOB) and are required to be independent with respect to the Plan in accordance with the U.S. federal securities laws and the applicable rules and regulations of the Securities and Exchange Commission and the PCAOB.

We conducted our audits of these financial statements in accordance with the standards of the PCAOB. Those standards require that we plan and perform the audit to obtain reasonable assurance about whether the financial statements are free of material misstatement, whether due to error or fraud.

Our audits included performing procedures to assess the risks of material misstatement of the financial statements, whether due to error or fraud, and performing procedures that respond to those risks. Such procedures included examining, on a test basis, evidence regarding the amounts and disclosures in the financial statements. Our audits also included evaluating the accounting principles used and significant estimates made by management, as well as evaluating the overall presentation of the financial statements. We believe that our audits provide a reasonable basis for our opinion.

Supplemental Information

The supplemental Schedule H, Line 4i- Schedule of Assets (Held At End Of Year) as of December
31, 2023 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 supplemental schedule is fairly stated, in all material respects, in relation to the financial statements as a whole.

 
 

/s/ PricewaterhouseCoopers LLP
Dallas, Texas
June 20, 2024
 
We have served as the Plan’s auditor since at least 1994. We have not been able to determine the specific year we began serving as auditor of the Plan.

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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/ Joe Bob Allaire     
 Joe Bob Allaire
 Administrator-Accounting
  
Dated: June 20, 2024 

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EXHIBIT INDEX
 
 
 
EXHIBIT
 
23Consent of PricewaterhouseCoopers LLP, Independent Registered Public Accounting Firm Dated June 20, 2024













































17
EX-23 2 xom-20231231xexhibit23.htm CONSENT OF PRICEWATERHOUSECOOPERS LLP Document

EXHIBIT 23
 
 
 
CONSENT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM
 
We hereby consent to the incorporation by reference in the Registration Statements on Form S-8 (Nos. 333-166576 and 333-264665) of Exxon Mobil Corporation of our report dated June 20, 2024 relating to the financial statements and supplemental schedule of ExxonMobil Savings Plan, which appears in this Form 11-K.
 
 
 
/s/ PricewaterhouseCoopers LLP
 
Dallas, Texas
June 20, 2024