- Prime product sales of 6,729 kt (thousands of metric tons) in the third quarter of 2007 were down 23 kt from the prior year.
- Corporate and financing expenses of $92 million were flat with 2006.

Exxon Mobil Corporation purchased 90 million shares of its common stock for the treasury at a gross cost of $7.8 billion.

- These purchases included $7 billion to reduce the number of shares outstanding, with the balance used to offset shares issued in conjunction with the company''s benefit plans and programs.
- Shares outstanding were reduced from 5,546 million at the end of the second quarter to 5,464 million at the end of the third 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.

Year-to-Date Financial Highlights

- Net income was $28,950 million.
- Earnings per share of $5.15 reflected strong earnings and increased by 6% due to the reduction in the number of shares outstanding.
- Cash flow from operations and asset sales was approximately $43.1 billion, including $2.4 billion from asset sales.

- The corporation distributed a total of $26.7 billion to shareholders in 2007 through dividends and share purchases to reduce shares outstanding, an increase of $2.9 billion versus 2006.
- Capital and exploration expenditures were $14.7 billion.
- Excluding the impact of entitlements, divestments, OPEC quota effects and Venezuela, liquids production increased by 5%.

- Upstream earnings were $18,293 million, a decrease of $1,717 million from 2006 due to lower natural gas realizations and higher operating expenses, partly offset by higher crude oil realizations and favorable sales mix effects.
- On an oil-equivalent basis, production decreased 2% from last year. Excluding the impact of entitlements, divestments, OPEC quota effects and Venezuela, production was up nearly 3%.
- Liquids production of 2,649 kbd decreased by 33 kbd from 2006. Higher production from projects in Africa and Russia was offset by mature field decline and reduced entitlements. Excluding the impact of entitlements, divestments, OPEC quota effects and Venezuela, liquids production increased 5%.

- Natural gas production of 9,043 mcfd decreased 302 mcfd from 2006. Lower volume from mature field decline was partly offset by projects in Qatar, Europe, Canada and Malaysia.
- Earnings from U.S. Upstream operations for 2007 were $3,595 million, a decrease of $521 million. Earnings outside the U.S. were $14,698 million, $1,196 million lower than 2006.

- Downstream earnings were a record $7,306 million, an increase of $812 million from 2006 reflecting stronger marketing margins, refinery optimization activities and the sale of the Ingolstadt refinery, partly offset by lower refining margins. Petroleum product sales of 7,090 kbd decreased from 7,180 kbd in 2006.
- U.S. Downstream earnings were $3,498 million, up $193 million. Non-U.S. Downstream earnings were $3,808 million, $619 million higher than last year.

- Chemical earnings were a record $3,451 million, up $311 million from 2006 driven by higher margins. Prime product sales were 20,431 kt, down 92 kt from 2006.
- Corporate and financing expenses of $100 million decreased $294 million, mainly due to favorable tax items.
- Gross share purchases in 2007 were $23.9 billion which reduced shares outstanding by 4.6%.

Key questions and answers from the third quarter fiscal 2007 earnings call conducted by Exxon Mobil on November 1, 2007.

Daniel Barceló (Banc of America): You mentioned $7 billion rate for redistribution of cash to shareholders in the third quarter. Could you provide color into the fourth quarter and into 2008?

Henry Hubble: Unless we are making a change, we do not provide forward guidance on our share repurchases. We have been at the $7 billion the last quarters, and for about the last year.

Daniel Barceló (Banc of America): Could you give detail on the entitlement effects in Africa?

Henry Hubble: The Africa volumes were down, due to entitlement effects. The new project volumes there have been performing well and they have more than offset natural field decline. Some of that production comes from production sharing contracts, and in some of the PSCs the net entitlement is reduced with cumulative production or profitability thresholds are reached. The impacts are larger with the strong crude prices that we have seen. The earnings are better and the overall financial performance of these projects is better. All of the projects in the area are performing well, so that is the impact.

Doug Terreson (Morgan Stanley): You said that productions rose about three percent before considering entitlement effects. Were you referring to the entire global base of production rather than specific geographical region?

Henry Hubble: That was a global comment. On an OEB basis we were down two percent this year versus last year’s third quarter. About one percent of that effect was associated with Venezuela. There are about three and a half that are associated with entitlements and then you also have some of the smaller effects in quotas and divestments. When you take those effects out, that is the three percent. That is coming from the projects that are coming on faster than rates of decline.

Doug Terreson (Morgan Stanley): Could you provide data on the investment profile in Chad?

Henry Hubble: There is not anything specific on Chad. We are continuing with our project. Our 2007 drilling program is complete at this point. There is nothing specific to highlight there.

Nicole Decker (Bear Stearns): Taking entitlement effects into account, is it reasonable to expect that Africa volumes might rise due to new production on bloc 15 and 17 in Angola and also in Nigeria?