Exxon Mobil Corporation
Bob Davis, 713-656-7544

An Exxon Mobil Corporation (NYSE:XOM) affiliate, Golden Pass LNG Terminal LP,
has announced plans to develop a $600 million Liquefied Natural Gas (LNG)
receiving terminal near Sabine Pass, Texas.

The proposed project, to be located in Jefferson County, Texas, about 10 miles
south of Port Arthur, was announced today at an event attended by Texas Governor
Rick Perry, Consul General of the State of Qatar Mohamed Al-Hayki, local
business and government officials and representatives of ExxonMobil.

The terminal, which will process imported LNG for distribution throughout Texas
and the United States, should take about three years to build and involve
employment for some 600 workers during peak construction. The facility is
expected to be operational in the 2008/09 timeframe, with an initial processing
capacity of 1 billion cubic feet per day (bcfd) of LNG. The plant will be
designed for an expansion to 2 bcfd throughput in the future.

ExxonMobil initiated the permitting process this week with the Federal Energy
Regulatory Commission, an undertaking involving numerous engineering design,
safety, environmental and other studies that typically lasts about 18 months.

"Secure supplies of natural gas are critical to the continued strong
economic growth of Texas and the United States," saidGovernor Rick
Perry speaking at today's event. "This project will provide jobs and
other economic benefits to Sabine Pass and Southeast Texas, and bring
long-term supplies of natural gas for our industries, power plants and
homes. We support ExxonMobil's efforts to bring this important project
to Texas."

Stuart McGill, president of ExxonMobil Production Company, said, "We are taking
another important step in our plans to develop LNG receiving terminals on the
U.S. Gulf Coast. There is strong growth in natural gas demand projected in the
future and the import of LNG will be an important component of the supply mix.
We appreciate the commitment of Governor Perry, Jefferson County Judge Carl
Griffith, Port Arthur Mayor Ortiz and other state, local and civic leaders who
are working with us to bring this LNG project to Sabine Pass. This project will
help support economic development in Southeast Texas and the U.S."

In October, Exxon Mobil Corporation and Qatar Petroleum announced a Heads of
Agreement to supply 15.6 million tons a year of LNG (2 bcfd) from Qatar to the
United States for an expected period of 25 years. ExxonMobil holds purchase
options for potential LNG import sites in Corpus Christi, Texas, and Mobile Bay,
Alabama. The company is also evaluating possible sites for an offshore terminal
in the Gulf of Mexico.

CAUTIONARY STATEMENT: Estimates, expectations, and business plans in this
release are forward-looking statements. Actual future results, including project
plans, capacities, costs, and schedules, as well as future energy demand, could
differ materially due to changes in market conditions affecting the oil and gas
industry, political developments, the outcome of commercial negotiations,
technical or operating factors, and other factors discussed under the heading
"Factors Affecting Future Results" included in Item 1 of ExxonMobil's most
recent Form 10-K and posted on our website (www.exxonmobil.com). References to
gas quantities include amounts that are not yet classified as proved reserves
but that we believe will be produced in the future.