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ExxonMobil Announces Start of Sakhalin-1 Exports; Newest Milestone in Company's Effort to Increase World Energy Supplies


    Exxon Mobil Corporation (NYSE:XOM) announced today that
    its subsidiary, Exxon Neftgas Limited, has commissioned the crude oil
    export system for the multiphase Sakhalin-1 project offshore Russia,
    bringing to eight the total of ExxonMobil-operated startups within the
    last 12 months. These significant projects, located in the North Sea,
    Malaysia, Qatar and in West Africa, are expected to deliver peak gross
    rates in excess of 1,000,000 barrels a day of oil and more than 1.5
    billion cubic feet of daily gas to world energy markets. In addition,
    last month ExxonMobil and its partners announced the start of
    construction of a new LNG terminal on the Texas Gulf Coast that will
    help meet growing U.S. natural gas demand.
    First oil for Sakhalin-1 began flowing into the export system on
    August 29, and it is expected the initial tanker will begin loading at
    the newly-constructed DeKastri terminal this month. Oil production
    should ramp up to an estimated peak rate of 250,000 barrels a day by
    the end of 2006, following completion of the Onshore Processing
    Facility. In addition to the terminal, the export project includes a
    24-inch, 140 mile pipeline and a tanker loading facility designed for
    year-round crude oil transport.
    "The startup of Sakhalin-1 exports will provide additional needed
    energy supplies to the expanding economies of Asia and to other global
    customers," said Stuart McGill, senior vice president of Exxon Mobil
    Corporation. "This project is another example of a long-lead time,
    technology intensive development brought to fruition this past year to
    help address the world's ever-growing energy demand."
    ExxonMobil has increased daily oil and gas production during the
    second quarter 2006 by 6 percent compared to the same period last
    year(1). This additional supply is from developments such as Kizomba B
    offshore Angola; Yoho, Erha and the Additional Oil Recovery project
    offshore Nigeria; Ras Gas Train 4 and the Al Khaleej Gas project in
    Qatar; the Arthur project in the U.K. sector of the North Sea; the
    Guntong Hub in Malaysia; as well as others in which the company holds
    interest.
    Last month, ExxonMobil and its co-venture partners Qatar Petroleum
    and ConocoPhillips, announced the start of construction of the Golden
    Pass Liquefied Natural Gas (LNG) terminal in Sabine Pass, Texas. This
    billion-dollar construction project will serve U.S. markets and is
    expected to import two billion cubic feet of natural gas a day by
    2009. Golden Pass is part of the company's worldwide program to expand
    LNG imports to major markets. In addition to Golden Pass, construction
    of LNG terminals is proceeding in the United Kingdom and offshore
    Italy with additional facilities under consideration.
    With global energy demand expected to increase by almost 50
    percent by 2030, and new supplies increasingly found far from the
    world's major consuming nations, Sakhalin-1, Golden Pass and these
    other new projects are vital links in an increasingly interdependent
    global energy supply network. Projects referenced in this release are
    part of ExxonMobil's ongoing capital construction program that will
    invest approximately $20 billion in major global projects in 2006
    alone.

    (1) Excluding the impact of divestments and entitlement effects,
    ExxonMobil increased production 9 percent over the same period last
    year.

    CAUTIONARY STATEMENT: Estimates, expectations, and business plans
    in this release are forward-looking statements. Actual future results,
    including production rates and sales volumes; project plans,
    schedules, and capacities; and commercial arrangements could differ
    materially due to changes in long-term oil and gas price levels or
    other market conditions affecting the oil and gas industry; political
    or regulatory developments; reservoir performance; timely completion
    of development projects; technical or operating factors; the outcome
    of commercial negotiations; and other factors discussed under the
    heading "Factors Affecting Future Results" posted in the Investor
    Information section of our website (www.exxonmobil.com). References to
    quantities of oil and gas include volumes that are not yet classified
    as proved reserves but that we believe will be produced in the future.