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, 2016

 

 

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

5-9

  

 

Supplemental Schedule

 

  

 

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

10-11

 

 

Report of Independent Registered Public Accounting Firm

12

  

 

Signature

13

  

 

Exhibit Index

14

  

- 2 - 


 

 

 

 

 

 

 

 

 

 

 

 

EXXONMOBIL SAVINGS PLAN

STATEMENTS OF NET ASSETS AVAILABLE FOR BENEFITS

(millions of dollars)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

December 31,

 

 

 

 

 

 

2016

 

 

2015

 

 

Assets

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investments, at fair value (Note 5):

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Exxon Mobil Corporation common stock

 

11,670

 

 

10,721

 

 

 

 

 

 

 

 

 

 

 

 

Other investments

 

9,603

 

 

8,841

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Other investments on loan

 

47

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total investments

 

21,320

 

 

19,562

 

 

 

 

 

 

 

 

 

 

 

Receivables:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Notes receivable from participants

 

192

 

 

200

 

 

 

 

 

 

 

 

 

 

 

 

Accrued interest

 

1

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

Other receivables

 

6

 

 

1

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total receivables

 

199

 

 

201

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total assets

 

21,519

 

 

19,763

 

 

 

 

 

 

 

 

 

 

 

 

 

Liabilities

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Payables and accrued liabilities

 

45

 

 

45

 

 

 

 

 

 

 

 

 

 

 

 

 

Payable for cash collateral on securities on loan

 

48

 

 

-

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total liabilities

 

93

 

 

45

 

 

 

 

 

 

 

 

 

 

 

 

 

Net assets available for benefits

 

21,426

 

 

19,718

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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, 2016

(millions of dollars)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Contributions:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Employer

 

 

 

 

287

 

 

 

 

Participant

 

 

 

 

466

 

 

 

 

Transfers-in at fair value

 

 

 

 

62

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total contributions

 

 

 

 

815

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Investment income:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest

 

 

 

 

40

 

 

 

 

Dividends

 

 

 

 

396

 

 

 

 

Net appreciation in fair value of investments

 

 

 

 

2,348

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net investment income

 

 

 

 

2,784

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Interest income on notes receivable from participants

 

 

 

 

7

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Benefit payments

 

 

 

 

(1,898)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net increase

 

 

 

 

1,708

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Net assets available for benefits:

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Beginning of year

 

 

 

 

19,718

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

End of year

 

 

 

 

21,426

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

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 2016, 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 5.

 

Under the terms of its trust agreement, the Plan engaged in an authorized form of security lending activities during the years ended December 31, 2016 and 2015.  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 $47 million and $0 million, at December 31, 2016 and 2015, respectively.  The securities on loan are reflected in the Statements of Net Assets Available for Benefits at December 31, 2016 and 2015 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 are recorded on the ex-dividend date.

 

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.  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.

 

 

- 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 brokerage fees on purchases and sales of ExxonMobil common stock, administrative expenses and investment 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 2016, 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.

 

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, 2016 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

11,670

 

11,670

 

(1)

 

 

 

U.S. Government Securities

2,319

 

 

 

 

2,319

 

(2)

Corporate Debt Securities

103

 

 

 

 

103

 

(2)

 

 

 

 

 

 

 

 

 

 

 

 

Total

14,092

 

11,670

 

 

2,422

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Common collective trusts (at net asset value)*:

 

 

 

 

 

 

 

 

 

S&P 500 Fund

3,239

(3)

 

 

 

 

 

 

 

Small & Mid Cap Fund

2,038

(3)

 

 

 

 

 

 

 

World Ex-US Equity Fund

1,060

(3)

 

 

 

 

 

 

 

Aggregate Bond Fund

781

(4)

 

 

 

 

 

 

 

Short term investments

110

(5)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

21,320

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



(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.

 

* 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, 2015 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

10,721

 

10,721

 

(1)

 

 

 

Fixed income (U.S. Govt. Securities)

2,273

 

 

 

 

2,273

 

(2)

 

 

 

 

 

 

 

 

 

 

 

 

Total

12,994

 

10,721

 

 

2,273

 

 

 

 

 

 

 

 

 

 

 

 

 

Common collective trusts (at net asset value)*:

 

 

 

 

 

 

 

 

 

S&P 500 Fund

2,981

(3)

 

 

 

 

 

 

 

Small & Mid Cap Fund

1,803

(3)

 

 

 

 

 

 

 

World Ex-US Equity Fund

1,018

(3)

 

 

 

 

 

 

 

Aggregate Bond Fund

706

(4)

 

 

 

 

 

 

 

Short term investments

60

(5)

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Total

19,562

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 



(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)    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.

 

* 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, 2016

 

 

 

(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

 

 

 

 

 

 

 

 

 

  

 

 

 

 

 

 

 

 

 

FHLMC

1.125%

04/15/19

25,000

 

 

 

24,899

 

 

FNMA NT

1.000%

08/28/19

10,000

 

 

 

9,889

 

 

FNMA NT

1.000%

02/26/19

40,000

 

 

 

39,751

 

 

U.S SAVINGS BOND SERIES EE

3.000%

03/01/38

113,434

 

 

 

113,434

 

 

U.S SAVINGS BOND SERIES I

0.160%

01/01/42

194,166

 

 

 

194,166

 

 

U.S SAVINGS BOND SERIES I

2.760%

05/01/41

202,089

 

 

 

202,089

 

 

U.S SAVINGS BOND SERIES I

1.360%

02/01/38

230,924

 

 

 

230,924

 

 

U.S SAVINGS BOND SERIES I

0.860%

02/01/39

207,074

 

 

 

207,074

 

 

U.S SAVINGS BOND SERIES I

2.860%

05/01/44

180,824

 

 

 

180,824

 

 

U.S SAVINGS BOND SERIES I

0.160%

01/01/43

185,556

 

 

 

185,556

 

 

U.S SAVINGS BOND SERIES I

0.460%

01/01/40

195,598

 

 

 

195,598

 

 

U.S SAVINGS BOND SERIES I

3.160%

10/01/31

330,408

 

 

 

330,408

 

 

U.S SAVINGS BOND SERIES I

2.160%

10/01/32

143,723

 

 

 

143,723

 

 

U.S SAVINGS BOND SERIES I

1.760%

01/01/33

260,885

 

 

 

260,885

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   TOTAL U.S. GOVERNMENT SECURITIES

 

 

 

 

 

2,319,220

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

CORPORATE DEBT SECURITIES

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

BERKSHIRE HATHAWAY

5.400%

05/15/18

2,125

 

 

 

2,236

 

 

BERKSHIRE HATHAWAY

1.700%

03/15/19

5,000

 

 

 

4,996

 

 

BK NOVA SCOTIA B C

1.300%

07/21/17

5,000

 

 

 

5,001

 

 

BNP PARIBAS / BNP US

2.375%

09/14/17

5,000

 

 

 

5,033

 

 

BNP PARIBAS / BNP

1.375%

03/17/17

5,000

 

 

 

5,001

 

 

CISCO SYS INC

2.125%

03/01/19

10,000

 

 

 

10,132

 

 

INT BUSINESS MACHS CORP

1.125%

02/06/18

5,000

 

 

 

4,989

 

 

NORSK HYDRO A S

6.700%

01/15/18

5,525

 

 

 

5,818

 

 

ORACLE CORP

2.375%

01/15/19

5,000

 

 

 

5,067

 

 

ORACLE CORP

5.750%

04/15/18

5,000

 

 

 

5,282

 

 

PEPSICO INC

1.125%

07/17/17

5,000

 

 

 

4,999

 

 

ROYAL BK

1.500%

01/16/18

10,000

 

 

 

9,986

 

 

TOYOTA MTR CR CORP

1.400%

05/20/19

5,000

 

 

 

4,943

 

 

TOYOTA MTR CR CORP

1.700%

02/19/19

5,000

 

 

 

4,984

 

 

U S BK NATL ASSN CINCINNATI

1.350%

01/26/18

10,000

 

 

 

9,983

 

 

WAL-MART STORES INC

1.125%

04/11/18

5,000

 

 

 

4,988

 

 

WELLS FARGO BK

1.750%

05/24/19

10,000

 

 

 

9,952

 

 

   TOTAL CORPORATE DEBT SECURITIES

 

 

 

 

 

103,390

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*

PARTICIPANT LOANS                               

3.75% to 10.5%

Maturity from 1 to 111 months

 

192,338

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*

Party in interest as defined by ERISA

 

**

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

 

 

 

 

 

 

 

 

 

 

 

 

 

 

- 10 - 


 

 

 

 

 

 

 

 

 

SCHEDULE H

 

 

 

 

 

 

 

 

 

 

 

 

 

EXXONMOBIL SAVINGS PLAN

 

SCHEDULE H, LINE 4i

 

SCHEDULE OF ASSETS (HELD AT END OF YEAR)

 

DECEMBER 31, 2016

 

 

 

(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

 

 

431

 

 

3,238,802

 

 

 

 

 

 

 

 

 

 

*

NT EXTENDED EQUITY MARKET INDEX FUND

 

3,451

 

 

2,037,502

 

 

 

 

 

 

 

 

 

 

*

NT WORLD EX-US INVESTABLE MARKET INDEX FUND

 

7,792

 

 

1,060,124

 

 

 

 

 

 

 

 

 

 

*

NT AGGREGATE BOND INDEX FUND

 

 

1,506

 

 

780,776

 

 

 

 

 

 

 

 

 

 

*

NT GOVERNMENT STIF FUND

 

 

 

 

 

62,443

 

 

 

 

 

 

 

 

 

 

*

NT CORE SL STIF FUND

 

 

 

 

 

 

48,082

 

 

 

 

 

 

 

 

 

 

 

 

 

 

   TOTAL COMMON COLLECTIVE TRUSTS

 

 

 

 

 

 

 

 

7,227,729

 

 

 

 

 

 

 

 

 

 

 

COMMON STOCK

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*

EXXON MOBIL CORPORATION

 

 

129,289

 

 

11,669,703

 

 

 

 

 

 

 

 

 

 

 

   TOTAL ASSETS HELD

 

 

 

 

21,512,380

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

 

*

Party in interest as defined by ERISA

 

**

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

 

 

 

 

 

 

 

 

 

 

 

 

 

- 11 - 


 

Report of Independent Registered Public Accounting Firm

 

 

 

To  the 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”) as of December 31, 2016 and 2015, and the changes in net assets available for benefits for the year ended December 31, 2016 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 financial 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) as of December 31, 2016 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) as of December 31, 2016 is fairly stated, in all material respects, in relation to the financial statements as a whole.

 

 

/s/ PricewaterhouseCoopers LLP

 

Houston, Texas  

June 15, 2017

 

 

  

- 12 - 


 

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 15, 2017

 

  

- 13 - 


 

EXHIBIT INDEX

 

 

 

EXHIBIT

 

23

Consent of PricewaterhouseCoopers LLP, Independent Registered Public Accounting Firm Dated June 15, 2017

 

 

 

 

 

- 14 -