Exxon Mobil Corporation Announces Estimated First Quarter 2007 Results

Exxon Mobil Corporation (NYSE:XOM):

-0-
*T
First Quarter
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2007 2006 %
----------- --------- -----
Net Income
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$ Millions 9,280 8,400 10
$ Per Common Share
Assuming Dilution 1.62 1.37 18

Special Items
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$ Millions 0 0

Earnings Excluding Special Items
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$ Millions 9,280 8,400 10
$ Per Common Share
Assuming Dilution 1.62 1.37 18

Capital and Exploration
Expenditures - $ Millions 4,275 4,824
*T

EXXONMOBIL'S CHAIRMAN REX W. TILLERSON COMMENTED:

"ExxonMobil's first quarter net income was $9,280 million, up 10%
from the first quarter of 2006. Higher refining, marketing and
chemical margins were partly offset by a decrease in crude oil and
natural gas realizations.

"In the first quarter, ExxonMobil continued to actively invest,
bringing additional crude oil, finished products and natural gas to
market. Spending on capital and exploration projects totaled $4.3
billion in the first quarter.

"The Corporation distributed a total of $8.8 billion to
shareholders in the first quarter through dividends of $1.8 billion
and share purchases to reduce shares outstanding of $7.0 billion, an
increase of 26% versus the first quarter of 2006."

FIRST QUARTER HIGHLIGHTS

-- Net income was $9,280 million, an increase of 10% or
$880 million from the first quarter of 2006.

-- Spending on capital and exploration projects was $4.3 billion.

-- Excluding cumulative entitlement and divestment impacts, as
well as OPEC quota effects, liquids production increased
by 7%.

-- Cash flow from operations and asset sales was approximately
$14.8 billion, including asset sales of $0.5 billion.

-- Earnings per share excluding special items were $1.62,
an increase of 18%, reflecting strong earnings and the
benefits of the share repurchase program.

-- Share purchases of $7.0 billion reduced shares outstanding by
1.7%.

-- ExxonMobil signed contracts for the Fujian Refining and
Ethylene Joint Venture Project and the Fujian Fuels Marketing
Joint Venture Project. The two joint ventures, with a total
investment of about $5 billion, are the first fully integrated
refining, petrochemicals and fuels marketing projects with
foreign participation in China.

First Quarter 2007 vs. First Quarter 2006

Upstream earnings were $6,041 million, down $342 million from the
first quarter of 2006 primarily reflecting lower realizations and
decreased natural gas volumes driven by lower European demand.

On an oil-equivalent basis, production decreased by 3% from the
first quarter of 2006. Excluding the cumulative impact of entitlements
and divestments, as well as OPEC quota effects, production was up
almost 1%.

Liquids production of 2,747 kbd (thousands of barrels per day) was
49 kbd higher. Increased production from projects in West Africa,
Russia and the Middle East were partly offset by mature field decline
and the cumulative impact of entitlements and divestments. Excluding
cumulative entitlement and divestment effects, as well as OPEC quota
impacts, liquids production increased by 7%.

First quarter natural gas production was 10,131 mcfd (millions of
cubic feet per day) compared with 11,175 mcfd last year. The impact of
mature field decline and the reduction of European demand by about
1,400 mcfd due to weather were partly offset by higher volumes from
projects in Qatar.

Earnings from U.S. Upstream operations were $1,177 million,
$103 million lower than the first quarter of 2006. Non-U.S. Upstream
earnings were $4,864 million, down $239 million from 2006.

Downstream earnings were $1,912 million, up $641 million from the
first quarter 2006, driven by higher refining and marketing margins
and improved refinery throughput. Petroleum product sales were
7,198 kbd, 21 kbd higher than last year's first quarter.

U.S. Downstream earnings were $839 million, up $160 million from
the first quarter of 2006. Non-U.S. Downstream earnings of
$1,073 million were $481 million higher.

Chemical earnings were $1,236 million, up $287 million from the
first quarter of 2006 due to improved margins. Prime product sales of
6,805 kt (thousands of metric tons) in the first quarter of 2007 were
down 111 kt from the prior year.

Corporate and financing earnings were $91 million, up
$294 million, mainly due to tax items.

During the first quarter of 2007, Exxon Mobil Corporation
(NYSE:XOM) purchased 108 million shares of its common stock for the
treasury at a gross cost of $8.0 billion. These purchases included
$7.0 billion to reduce the number of shares outstanding and the
balance to offset shares issued in conjunction with the company's
benefit plans and programs. Shares outstanding were reduced from
5,729 million at the end of the fourth quarter to 5,633 million at the
end of the first quarter. Purchases may be made in both the open
market and through negotiated transactions, and may be increased,
decreased or discontinued at any time without prior notice.

ExxonMobil will discuss financial and operating results and other
matters on a webcast at 10 a.m. Central time on April 26, 2007. To
listen to the event live or in archive, go to our website at
"exxonmobil.com."

Statements in this release relating to future plans, projections,
events or conditions are forward-looking statements. Actual results,
including project plans and related expenditures, resource recoveries,
timing and capacities, could differ materially due to changes in
long-term oil or gas prices or other market conditions affecting the
oil and gas industry; political events or disturbances; reservoir
performance; the outcome of commercial negotiations; potential
liability resulting from pending or future litigation; wars and acts
of terrorism or sabotage; changes in technical or operating
conditions; and other factors discussed under the heading "Factors
Affecting Future Results" on our website and in Item 1A of
ExxonMobil's 2006 Form 10-K. We assume no duty to update these
statements as of any future date.

Consistent with previous practice this press release includes both
net income and earnings excluding special items. Earnings that exclude
special items are a non-GAAP financial measure and are included to
help facilitate comparisons of base business performance across
periods. A reconciliation to net income is shown in Attachment II. The
release also includes cash flow from operations and asset sales.
Because of the regular nature of our asset management and divestment
program, we believe it is useful for investors to consider sales
proceeds together with cash provided by operating activities when
evaluating cash available for investment in the business and financing
activities. Calculation of this cash flow is shown in Attachment II.
Further information on ExxonMobil's frequently used financial and
operating measures is contained on pages 32 and 33 in the 2006
Form 10-K and is also available through the Investor Information
section of our website at "exxonmobil.com."