2014 Financials Mobil

2014

Financial Statements and Supplemental Information

For the Fiscal Year Ended December 31, 2014

FINANCIAL SECTION TABLE OF CONTENTS

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BUSINESS PROFILE

Return on Capital and Earnings After Average Capital Average Capital Exploration Income Taxes Employed Employed ExpendituresFinancial 2014 2013 2014 2013 2014 2013 2014 2013 (millions of dollars) (percent) (millions of dollars)8SVWUHDP 8QLWHG6WDWHV 1RQ86 7RWDO 'RZQVWUHDP 8QLWHG6WDWHV 1RQ86 7RWDO &KHPLFDO 8QLWHG6WDWHV 1RQ86 7RWDO &RUSRUDWHDQGILQDQFLQJ 7RWDO See Frequently Used Terms for a definition and calculation of capital employed and return on average capital employed.Operating 2014 2013 2014 2013 (thousands of barrels daily) (thousands of barrels daily)1HWOLTXLGVSURGXFWLRQ 5HILQHU\WKURXJKSXW 8QLWHG6WDWHV 8QLWHG6WDWHV 1RQ86 1RQ86 7RWDO 7RWDO (millions of cubic feet daily) (thousands of barrels daily)1DWXUDOJDVSURGXFWLRQDYDLODEOHIRUVDOH 3HWUROHXPSURGXFWVDOHV 8QLWHG6WDWHV 8QLWHG6WDWHV 1RQ86 1RQ86 7RWDO 7RWDO (thousands of oil-equivalent barrels daily) (thousands of metric tons)2LOHTXLYDOHQWSURGXFWLRQ(1) &KHPLFDOSULPHSURGXFWVDOHV (2) 8QLWHG6WDWHV 1RQ86 7RWDO

(1) Gas converted to oil-equivalent at 6 million cubic feet = 1 thousand barrels. (2) Prime product sales are total product sales excluding carbon black oil and sulfur. Prime product sales include

ExxonMobils share of equity company volumes and finished-product transfers to the Downstream.

FINANCIAL SUMMARY

2014 2013 2012 2011 2010 (millions of dollars, except per share amounts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ales and other operating revenue includes sales-based taxes of $29,342 million for 2014, $30,589 million for 2013, $32,409

million for 2012, $33,503 million for 2011 and $28,547 million for 2010. (2) Debt net of cash, excluding restricted cash. (3) Regular employees are defined as active executive, management, professional, technical and wage employees who work full

time or part time for the Corporation and are covered by the Corporations benefit plans and programs. (4) CORS employees are employees of company-operated retail sites.

FREQUENTLY USED TERMS

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Cash Flow From Operations and Asset Sales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ash flow from operations and asset sales 2014 2013 2012 (millions of dollars) 1HWFDVKSURYLGHGE\RSHUDWLQJDFWLYLWLHV 3URFHHGVDVVRFLDWHGZLWKVDOHVRIVXEVLGLDULHVSURSHUW\SODQWDQGHTXLSPHQW DQGVDOHVDQGUHWXUQVRILQYHVWPHQWV &DVKIORZIURPRSHUDWLRQVDQGDVVHWVDOHV Capital Employed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apital employed 2014 2013 2012 (millions of dollars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

FREQUENTLY USED TERMS

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QUARTERLY INFORMATION

2014 2013 First Second Third Fourth First Second Third Fourth Quarter Quarter Quarter Quarter Year Quarter Quarter Quarter Quarter YearVolumes 3URGXFWLRQRIFUXGHRLO (thousands of barrels daily) DQGQDWXUDOJDVOLTXLGV V\QWKHWLFRLODQGELWXPHQ 5HILQHU\WKURXJKSXW 3HWUROHXPSURGXFWVDOHV 1DWXUDOJDVSURGXFWLRQ (millions of cubic feet daily) DYDLODEOHIRUVDOH (thousands of oil-equivalent barrels daily)2LOHTXLYDOHQWSURGXFWLRQ(1) (thousands of metric tons)&KHPLFDOSULPHSURGXFWVDOHV Summarized financial data 6DOHVDQGRWKHURSHUDWLQJ (millions of dollars) UHYHQXH(2)(3) *URVVSURILW(4) 1HWLQFRPHDWWULEXWDEOHWR ([[RQ0RELO Per share data (dollars per share)(DUQLQJVSHUFRPPRQVKDUH(5) (DUQLQJVSHUFRPPRQVKDUH DVVXPLQJGLOXWLRQ(5) 'LYLGHQGVSHUFRPPRQVKDUH &RPPRQVWRFNSULFHV +LJK /RZ (1) Gas converted to oil-equivalent at 6 million cubic feet = 1 thousand barrels. (2) Amounts in first three quarters of 2014 have been reclassified.(3) Includes amounts for sales-based taxes. (4) Gross profit equals sales and other operating revenue less estimated costs associated with products sold. (5) Computed using the average number of shares outstanding during each period. The sum of the four quarters may not add to the full year. 7KH SULFH UDQJH RI ([[RQ0RELO FRPPRQ VWRFN LV DV UHSRUWHG RQ WKH FRPSRVLWH WDSH RI WKH VHYHUDO 86 H[FKDQJHV ZKHUH([[RQ0RELOFRPPRQVWRFNLVWUDGHG7KHSULQFLSDOPDUNHWZKHUH([[RQ0RELOFRPPRQVWRFN;20LVWUDGHGLVWKH1HZ

MANAGEMENTS DISCUSSION AND ANALYSIS OF FINANCIAL CONDITION AND RESULTS OF OPERATIONS

FUNCTIONAL EARNINGS 2014 2013 2012 (millions of dollars, except per share amounts)Earnings (U.S. GAAP) 8SVWUHDP 8QLWHG6WDWHV 1RQ86 'RZQVWUHDP 8QLWHG6WDWHV 1RQ86 &KHPLFDO 8QLWHG6WDWHV 1RQ86 &RUSRUDWHDQGILQDQFLQJ 1HWLQFRPHDWWULEXWDEOHWR([[RQ0RELO86*$$3 (DUQLQJVSHUFRPPRQVKDUH (DUQLQJVSHUFRPPRQVKDUHDVVXPLQJGLOXWLRQ References in this discussion to total corporate earnings mean net income attributable to ExxonMobil (U.S. GAAP) from theconsolidated income statement. Unless otherwise indicated, references to earnings, Upstream, Downstream, Chemical andCorporate and Financing segment earnings, and earnings per share are ExxonMobils share after excluding amountsattributable to noncontrolling interests.


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Commitments 6HWIRUWKEHORZLVLQIRUPDWLRQDERXWWKHRXWVWDQGLQJFRPPLWPHQWVRIWKH&RUSRUDWLRQVFRQVROLGDWHGVXEVLGLDULHVDW'HFHPEHU,WFRPELQHVGDWDIURPWKH&RQVROLGDWHG%DODQFH6KHHWDQGIURPLQGLYLGXDOQRWHVWRWKH&RQVROLGDWHG)LQDQFLDO6WDWHPHQWV Payments Due by Period Note 2020

Reference 2016- andCommitments Number 2015 2019 Beyond Total (millions of dollars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ncludes capitalized lease obligations of $375 million. (2) The amount due in one year is included in notes and loans payable of $17,468 million. (3) The fair value of asset retirement obligations, primarily upstream asset removal costs at the completion of field life. (4) The amount by which the benefit obligations exceeded the fair value of fund assets for certain U.S. and non-U.S. pension and

other postretirement plans at year end. The payments by period include expected contributions to funded pension plans in2015 and estimated benefit payments for unfunded plans in all years.

(5) Minimum commitments for operating leases, shown on an undiscounted basis, cover drilling equipment, tankers, servicestations and other properties.

(6) Unconditional purchase obligations (UPOs) are those long-term commitments that are noncancelable or cancelable onlyunder certain conditions, and that third parties have used to secure financing for the facilities that will provide thecontracted goods or services. The undiscounted obligations of $1,095 million mainly pertain to pipeline throughputagreements and include $433 million of obligations to equity companies.

(7) Take-or-pay obligations are noncancelable, long-term commitments for goods and services other than UPOs. Theundiscounted obligations of $27,709 million mainly pertain to pipeline, manufacturing supply and terminal agreements.

(8) Firm commitments related to capital projects, shown on an undiscounted basis, totaled approximately $25.6 billion. Thesecommitments were primarily associated with Upstream projects outside the U.S., of which $13.9 billion was associated withprojects in Africa, Canada, Australia, United Arab Emirates, Malaysia and Kazakhstan. The Corporation expects to fund themajority of these projects with internally generated funds, supplemented by long-term and short-term debt.


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MANAGEMENTS REPORT ON INTERNAL CONTROL OVER FINANCIAL REPORTING

Management, including the Corporations Chief Executive Officer, Principal Financial Officer, and Principal Accounting Officer, is responsible for establishing and maintaining adequate internal control over the Corporations financial reporting. Management conducted an evaluation of the effectiveness of internal control over financial reporting based on criteria established in Internal Control Integrated Framework (2013) issued by the Committee of Sponsoring Organizations of the Treadway Commission. Based on this evaluation, management concluded that Exxon Mobil Corporations internal control over financial reporting was effective as of December 31, 2014.

PricewaterhouseCoopers LLP, an independent registered public accounting firm, audited the effectiveness of the Corporations internal control over financial reporting as of December 31, 2014, as stated in their report included in the Financial Section of this report.

Rex W. Tillerson Chief Executive Officer

Andrew P. Swiger Senior Vice President (Principal Financial Officer)

David S. Rosenthal Vice President and Controller (Principal Accounting Officer)

REPORT OF INDEPENDENT REGISTERED PUBLIC ACCOUNTING FIRM

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CONSOLIDATED STATEMENT OF INCOME

Note Reference Number 2014 2013 2012 (millions of dollars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dollars) (DUQLQJVSHUFRPPRQVKDUHDVVXPLQJGLOXWLRQ(dollars) (1) Sales and other operating revenue includes sales-based taxes of $29,342 million for 2014, $30,589 million for 2013 and

$32,409 million for 2012.The information in the Notes to Consolidated Financial Statements is an integral part of these statements.

CONSOLIDATED STATEMENT OF COMPREHENSIVE INCOME

2014 2013 2012 (millions of dollars) 1HWLQFRPHLQFOXGLQJQRQFRQWUROOLQJLQWHUHVWV 2WKHUFRPSUHKHQVLYHLQFRPHQHWRILQFRPHWD[HV )RUHLJQH[FKDQJHWUDQVODWLRQDGMXVWPHQW $GMXVWPHQWIRUIRUHLJQH[FKDQJHWUDQVODWLRQJDLQORVV LQFOXGHGLQQHWLQFRPH 3RVWUHWLUHPHQWEHQHILWVUHVHUYHVDGMXVWPHQWH[FOXGLQJDPRUWL]DWLRQ $PRUWL]DWLRQDQGVHWWOHPHQWRISRVWUHWLUHPHQWEHQHILWVUHVHUYHV DGMXVWPHQWLQFOXGHGLQQHWSHULRGLFEHQHILWFRVWV 8QUHDOL]HGFKDQJHLQIDLUYDOXHRIVWRFNLQYHVWPHQWV 5HDOL]HGJDLQORVVIURPVWRFNLQYHVWPHQWVLQFOXGHGLQQHWLQFRPH 7RWDORWKHUFRPSUHKHQVLYHLQFRPH &RPSUHKHQVLYHLQFRPHLQFOXGLQJQRQFRQWUROOLQJLQWHUHVWV &RPSUHKHQVLYHLQFRPHDWWULEXWDEOHWRQRQFRQWUROOLQJLQWHUHVWV &RPSUHKHQVLYHLQFRPHDWWULEXWDEOHWR([[RQ0RELO The information in the Notes to Consolidated Financial Statements is an integral part of these statements.

CONSOLIDATED BALANCE SHEET

Note Reference Dec. 31 Dec. 31 Number 2014 2013 (millions of dollars)$VVHWV &XUUHQWDVVHWV &DVKDQGFDVKHTXLYDOHQWV &DVKDQGFDVKHTXLYDOHQWVUHVWULFWHG 1RWHVDQGDFFRXQWVUHFHLYDEOHOHVVHVWLPDWHGGRXEWIXODPRXQWV ,QYHQWRULHV &UXGHRLOSURGXFWVDQGPHUFKDQGLVH 0DWHULDOVDQGVXSSOLHV 2WKHUFXUUHQWDVVHWV 7RWDOFXUUHQWDVVHWV ,QYHVWPHQWVDGYDQFHVDQGORQJWHUPUHFHLYDEOHV 3URSHUW\SODQWDQGHTXLSPHQWDWFRVWOHVVDFFXPXODWHGGHSUHFLDWLRQ DQGGHSOHWLRQ 2WKHUDVVHWVLQFOXGLQJLQWDQJLEOHVQHW

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CONSOLIDATED STATEMENT OF CASH FLOWS

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The information in the Notes to Consolidated Financial Statements is an integral part of these statements.

CONSOLIDATED STATEMENT OF CHANGES IN EQUITY

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NOTES TO CONSOLIDATED FINANCIAL STATEMENTS

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2014 Financials Mobil