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-