Exxon Mobil Corporation

Exxon Mobil Corporation

March 09, 2005 12:04 ET

ExxonMobil Reviews Record-Breaking 2004 Performance, Sees Market Changes Playing to Strengths


NEWS RELEASE TRANSMITTED BY CCNMatthews

FOR: EXXON MOBIL CORPORATION

NYSE SYMBOL: XOM

MARCH 9, 2005 - 12:04 ET

ExxonMobil Reviews Record-Breaking 2004 Performance,
Sees Market Changes Playing to Strengths

IRVING, Texas--(CCNMatthews - Mar 9, 2005) -

Exxon Mobil Corporation (NYSE:XOM) Chairman and CEO Lee Raymond told
analysts today at the New York Stock Exchange that the energy market is
changing and that the changes are playing to ExxonMobil's strengths.

Raymond noted that ExxonMobil has a track record of anticipating change.
"We work hard to ensure that our differentiating capability is ready as
opportunities mature," said Raymond. "Technology increasingly
differentiates ExxonMobil, as do our competitively advantaged integrated
operating facilities. So while we acknowledge that the playing field is
changing, these changes actually play to ExxonMobil's strengths."

Long-Term Perspective

Raymond cited ExxonMobil's disciplined, long-term focus as critical to
its continuing operational and financial performance. "Our industry is
driven by long-term trends," said Raymond. "Seeing past the market noise
and understanding long-term market trends is one of the hallmarks of
ExxonMobil's approach. Our portfolio of assets captures the full value
of market cycles across different businesses, economies and regions."

This commitment to a long-term approach differentiates ExxonMobil from
its competitors. "Some companies talk about their business in much
shorter time frames than we do," said Raymond.

In 2004 ExxonMobil delivered record results across the board. Net
corporate income was a record $25.3 billion, with all business segments
reporting record earnings. Return on capital employed was 24 percent,
cash flow from operations and asset sales was more than $43 billion, and
the company improved upon its industry-leading safety performance.

Outstanding Competitive Position

Raymond noted that ExxonMobil is uniquely positioned to meet the
challenge of adding new resources and continuing to deliver returns to
shareholders. "We have an industry-leading resource base of 73 billion
oil-equivalent barrels and the financial strength to pursue all
opportunities that satisfy our rigorous criteria," he said. "Our global
functional organization allows us to better leverage our scale, and we
enjoy enormous competitive advantage by maintaining the strongest suite
of proprietary technologies in the industry."

Demonstrated by Results

Raymond also linked ExxonMobil's industry-leading performance to its
consistent return to investors. "Our shareholders benefit from our
consistent financial and operating performance by the unique combination
of high returns with low relative risk," said Raymond. "Over a 20-year
period, ExxonMobil stock has earned an average 16 percent return per
year. We accomplished this with far lower risk than our competition and
at the same level as the entire S&P 500 index."

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Contact Information

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