Exxon Mobil Corporation
Bob Davis, 713-656-4376

Exxon Mobil Corporation (NYSE:XOM) called today's decision in the
Mobile Bay royalties dispute by an Alabama District Court jury
unjustified and excessive.

"The company did not engage in fraud, no evidence of fraud was
established at trial, and fraud should never have been considered by
the jury," said Sam Franklin, lead counsel for ExxonMobil. "The
punitive award in this case defies common sense."

"In addition to being unjustified, the $11.8 billion punitive award is
excessive -- more than 180 times the $63,500,000 compensatory damages.
We intend to appeal this decision to the Alabama Supreme Court in
light of the recent U.S. Supreme Court decision in Campbell versus
State Farm that limits the size of punitive awards," said Franklin.

Since 1993, ExxonMobil has paid more than $1 billion in royalty and
lease payments to the State, and the amount in dispute by comparison
represents less than 5 percent of that amount. ExxonMobil repeatedly
advised the State of its payment method and calculation of royalties,
according to Franklin. In addition, the company was advised by the
State that any dispute over methodology would be resolved in the audit
process.

Stuart McGill, president of ExxonMobil Production Company, said,
"ExxonMobil's conduct during its long history in Alabama simply does
not support the State's charges or this decision."

ExxonMobil's total capital investment in Alabama currently exceeds $3
billion and the company employs more than 200 people and thousands of
contractors, and more than 200 retirees live in the State. Since 1995,
ExxonMobil has contributed nearly $3.5 million to charitable, civic
and educational organizations throughout Alabama.

Last year, the U.S. Department of the Interior honored ExxonMobil for
excellence in mineral royalty and production reporting and compliance.

For more information on Exxon Mobil Corporation, visit the company's
website at www.exxonmobil.com.