About the Savings Plan

This SPD is the summary plan description and prospectus for the ExxonMobil Savings Plan. It does not contain all the details. Use of the phrase "Savings Plan" throughout this document refers collectively to the ExxonMobil Savings Plan and its implementing ExxonMobil Savings Trust, except as otherwise noted. This SPD supersedes all previous Savings Plan participant publications. In determining specific benefits, the full Savings Plan provisions, as they exist now or in the future, always govern. Copies of Savings Plan documents are available for your review. The company reserves the right at any time to change in any way or terminate any benefit.

THIS SPD CONSTITUTES PART OF A PROSPECTUS COVERING SECURITIES THAT HAVE BEEN REGISTERED UNDER THE SECURITIES ACT OF 1933, INCLUDING SHARES OF EXXON MOBIL CORPORATION COMMON STOCK ("EXXONMOBIL STOCK").

Applicability to represented employees is governed by collective bargaining agreements and any local bargaining requirements.

Information sources

When you need account information or want to make an account transaction, you have two options that are generally available 24 hours a day, 7 days a week.

• The Savings Plan Internet Site ("Website") is located at http://xomsavings.voya.com.
• The toll-free telephone number for the Savings Plan Telephone Service (STS) is 877- XOM-401K (966-4015). Non-U.S. residents call +1 904-791-2048.

In addition, Customer Service Associates are available for inquiries and transactions via the STS Monday through Friday, 7:00 a.m. to 6:00 p.m. Central time, excluding New York Stock Exchange holidays.

ExxonMobil-sponsored sites

Access to plan-related information for employees, retirees, and their family members is also available on the following websites:

• EMConnect, a unified portal for employee inquiries – Can be accessed by current employees at goto/EMConnect
• Retiree Online Community Internet Site – Can be accessed from home by ExxonMobil retirees and survivors only (including Exxon and Mobil retirees and survivors) at www.emretiree.com.
• ExxonMobil Family – Can be accessed by employees, retirees, and their family members at www.exxonmobilfamily.com.

Introduction

The company* sponsors the ExxonMobil Savings Plan to encourage long-term savings and help participants plan for their financial security in retirement.

The Savings Plan contains many features described in detail in this SPD. You can access the current SPD online to help you find specific information quickly and easily and make the most of the features available to you. The SPD includes these helpful tools:

• Plan at a glance is a quick user's guide highlighting plan basics, with hyperlinks to more detailed discussions of certain important topics.
• Charts and tables throughout the SPD provide information and highlights of plan provisions, including a summary chart on Savings Plan Account features.
• Key terms contains definitions of many words and terms used in this SPD. If you see a term that is unfamiliar, refer to this section at the end of the SPD.

*References in this SPD to "the company" refer to Exxon Mobil Corporation and/or a participating affiliate.

Plan at a glance

Participating in the Savings Plan

Because there is no service requirement for regular employees, you are eligible to participate as soon as you join the company. See the section on Participating in the Savings Plan for more information.

Your contributions and the company match

You can save from 6% to 20% of your pay on a before-tax basis (subject to certain legal limits), an after-tax basis or a combination of both. You receive a company match of 7% of pay on the first 6% of pay you contribute via payroll deduction.

Investment options

You have a choice of seven investments with varying investment objectives and degrees of risk in which to invest your Savings Plan Account. See the section on Investment options for more information.

Investment elections

It is important that you read this section on investment elections before making your investment decisions.

Accessing your money

In certain circumstances, you may withdraw money from your account. You (or your beneficiary) are eligible to receive a distribution from the Savings Plan upon your retirement, death or termination of employment. You may receive a dividend payment in cash for dividends on ExxonMobil stock held in the plan. You may borrow from the Savings Plan while you are still employed. See the section on Accessing your money for more information.

Tax considerations

The tax rules are complex – it is important to seek advice from a tax professional before making a conversion, withdrawal, deferral or distribution decision. See the section on Tax considerations for more information.

Administrative and ERISA information

The Savings Plan is subject to rules of the federal government, including the Employee Retirement Income Security Act (ERISA).

Key terms

The Key Terms section contains an alphabetized list of key words and phrases, with their definitions, used in this SPD.

Savings Plan Account

ExxonMobil Savings Plan Account Information

You can have up to six accounts in the Savings Plan. These are referred to collectively as your Savings Plan Account. Your Savings Plan Account is made up of three non-Roth accounts and three Roth accounts.

The general contents of the non-Roth accounts in the Savings Plan are as follows:

• The Before-Tax Account contains employee before-tax contributions (including non-Roth catch-up contributions made prior to Jan. 1, 2024) and any earnings on those contributions.
• The After-Tax Account contains 1987-and-later employee after-tax contributions and any earnings on those contributions.
• The General Account contains the company match, rollover contributions from non-Roth accounts in other eligible plans, and any earnings on the company match and/or such rollover contributions.

The general contents of the Roth accounts in the Savings Plan are as follows:

• The Roth 401(k) Account contains employee Roth 401(k) contributions (including Roth catch-up contributions) and any earnings on those contributions.
• The Roth Rollover Account contains rollover contributions from Roth accounts in other eligible plans (such as from former employers) and any earnings on those contributions.
• The Roth Conversion Account contains assets you elect to convert from existing non-Roth accounts in the Savings Plan and any earnings on the converted amounts.

These accounts also contain funds from the former Exxon, Mobil, Paxon, AES, XTO, and Fuels Marketing savings plans. 

Account	Contents
Before-Tax Account	Employee before-tax contributions, including non-Roth catch-up contributions made before 1/1/24 Additional funds Mobil company contributions equal to 1% of eligible compensation for certain employees participating on 12/31/68 Mobil company contributions up to 2% of base pay for certain participants made between 2/1/90 and 12/31/98 Earnings
After-Tax Account	Post-1986 employee after-tax contributions, including special contributions Additional funds After-tax employee contributions from Mobil ESOP terminated in 1988 Earnings
General Account	Company match including company match provided in the form of stock prior to December 31, 2006 Rollover contributions from non-Roth accounts in other eligible plans Additional funds Pre-1987 after-tax contributions Pre-2/1/90 Mobil company contributions Stock from the former ExxonMobil Direct Dividend Account (DDA) Post 1/31/1990 Mobil company ESOP contributions Earnings
Roth 401(k) Account	Employee Roth 401(k) contributions, including Roth catch-up contributions Earnings
Roth Rollover Account	Rollover contributions from Roth accounts in other eligible plans Earnings
Roth Conversion Account	Assets you elect to convert from existing Savings Plan non-Roth accounts Earnings

Investment options

ExxonMobil Saving Plan's investment Options

The Savings Plan offers the following investment options:

• Common Assets Portfolio
• Equity Units
• Extended Market Units
• International Equity Units
• Bond Units
• Balanced Fund Units
• ExxonMobil Stock

It is important to read the information in this section as well as the section on investment elections, so that you can understand the potential risks and rewards of all the investment options.

A description of each investment option in the Savings Plan is provided over the next several pages.

Common Assets Portfolio

The Common Assets portfolio is a short- and medium-term fixed-income fund managed by an ExxonMobil subsidiary. The subsidiary targets maintaining a weighted average portfolio maturity of approximately one year. This average maturity is longer than that of money market funds, which are restricted to weighted average maturities of 60 days or less, but shorter than Bond Units, which have an average maturity of approximately 8 years.

New investments by the fund are made in high quality fixed income securities, including U.S. government securities, U.S. government agency securities (some of which are not backed by the full faith and credit of the U.S. Government, but all of which are high quality), corporate / bank securities, and other high-quality obligations. The fund retains significant investments in U.S. government issued Series I (inflation adjusted) and Series EE (fixed rate) Savings Bonds (the plan can no longer purchase Savings Bonds, but the plan continues to hold existing bonds in the portfolio). A portion of the Common Assets portfolio is invested in loans to participants.

The Common Assets portfolio is managed with a target of maintaining a constant $1.00 per unit price.

Any investment gains/losses on Common Assets are posted to participants’ Savings Plan Accounts as of the end of each quarter and are reinvested in Common Assets.

These earnings are shared proportionally by participants based on the average daily Common Assets balance in their Savings Plan Accounts during that quarter. Common Assets investments are made as soon as practical after funds are available. All expenses of managing Common Assets are borne by the company except for certain investment management fees of approximately 0.01% that are borne by the fund.  A list of the assets in the Common Assets portfolio are available in Schedule H of the Form 5500 that is filed annually for the ExxonMobil Savings Plan.  The Schedule is available online here in the Department of Labor’s Fast search database, or you make request a copy of the Schedule H by writing to the Savings Plan Administrator portfolio.

Equity Units

Equity Units represent an interest in a fund managed to closely approximate the total rate of return and characteristics of the Standard & Poor's 500 Index (S&P 500). This index is composed of the stocks of 500 mostly large-capitalization U.S. companies weighted by market value. The index currently represents about 80% of the market value of all publicly traded U.S. common stocks. To pursue its goal of closely approximating the performance of the S&P 500, Northern Trust (NT) invests the fund's assets in a broadly diversified portfolio consisting largely of the stocks represented in the actual S&P 500. The S&P 500 excludes non-U.S. stocks.

Extended Market Units

Extended Market Units represent an interest in a fund managed to closely approximate the total rate of return and characteristics of the Dow Jones U.S. Completion Total Stock Market Index. This index is composed of approximately 3,600 U.S. stocks not included in the S&P 500, weighted by market value. The index currently represents about 20% of the market value of all publicly traded U.S. common stocks and is commonly used to represent the small and mid-cap segment of the U.S. market. To pursue its goal of closely approximating the performance of the index, NT invests the fund's assets in a broadly diversified portfolio consisting largely of the stocks represented in the actual index.

When you invest both in the Equity Units Fund and the Extended Market Units Fund, your portfolio has exposure to the total U.S. public equity market.

International Equity Units

International Equity Units represent an interest in an index fund that invests in approximately 3,500 international equity securities composing approximately the top 99% of the market capitalization in 22 developed market countries, excluding the U.S. The fund is managed to closely approximate the total rate of return and characteristics of the MSCI World Excluding U.S. Investable Market Index. The index is commonly used to represent the non-U.S. equity developed markets and includes all traded stocks that are available to be owned by foreign investors in these countries. To pursue its goal of closely approximating the performance of the index, NT invests the fund's assets in a broadly diversified portfolio consisting largely of the stocks represented in the actual index.

Bond Units

Bond Units represent an interest in an index fund based on a broad range of publicly traded, investment grade U.S. bonds. This fund is composed of a portfolio of bonds representative of the overall U.S. bond and debt market and managed to closely approximate the total rate of return and characteristics of the Bloomberg Barclays U.S. Aggregate Bond Index. This broad index tracks approximately 12,000 publicly traded, investment grade, U.S. fixed income securities covering the Treasury, Agency, Mortgage-backed, Asset-backed, Commercial Mortgage-backed and Corporate sectors of the U.S. Bond Market. Since this index represents short, medium and long-term bonds, the average maturity is longer than that of investments held in the Common Assets Portfolio.  To pursue its goal of closely approximating the performance of the index, NT invests the fund's assets in a broadly diversified portfolio consisting largely of a subset of bonds represented in the actual index.

Balanced Fund Units

Balanced Fund Units are designed to generate returns from both income and growth for the investor through a broadly diversified investment in domestic and international stocks and U.S. bonds. Specifically, each Balanced Fund Unit represents an interest in a portfolio (the "Balanced Fund Portfolio") invested in the following proportions in the four indexed funds indicated in the chart below:

% of Balanced Fund Portfolio	Savings Plan Investment	Asset Class
35%	Equity Units	U.S. large-capitalization stocks
15%	Extended Market Units	U.S. small- to mid-capitalization stocks
25%	International Equity Units	International stocks
25%	Bond Units	U.S. fixed income securities
100%	Total

Each of the underlying investments making up the Balanced Fund Portfolio is separately available as an investment option in the Savings Plan. In order to maintain the fund's proportion in the four indexed funds, NT reviews the value of the four funds that make up the Balanced Fund Portfolio on a monthly basis and, if needed, adjusts their allocation back to the approximate proportions indicated above.

Your investment in Balanced Fund Units is actually an investment in the other four index funds in the Savings Plan, which together represent a broadly diversified investment.

ExxonMobil Stock

When you buy Exxon Mobil Corporation Common Stock (ExxonMobil Stock), you become an ExxonMobil shareholder and an owner of the company. Any dividends on shares of stock in your Savings Plan Account are credited as of the dividend payment date. These dividends are reinvested automatically in ExxonMobil Stock unless you elect to have the dividends paid to you directly in cash. Please see more in the section on Direct dividend payments. Remember, investing in a single security typically carries higher potential risk than investing in a variety of securities (e.g., stocks and bonds). Be sure to consider balancing your portfolio with the other investments in the Savings Plan. See more on diversification in the section on Investment Elections.

The price of any purchase or sale is the volume-weighted average price (VWAP) per share of ExxonMobil Stock reported on Bloomberg for Composite Exchange transactions from 9:30 a.m. Eastern Time, until the later of 4:05 p.m. Eastern Time, or until the last regular trade has been reported on the New York Stock Exchange. Typically, purchase and sale transactions received in your Savings Plan Account before 6:00 a.m. Central time on a particular business day are posted to your account that evening and reflect the same day VWAP. Transaction requests received at 6:00 a.m. Central time or later on a particular business day will be posted to your account the following business day and reflect the following business day VWAP.

While investment instructions are generally executed per the above, purchases and sales may be executed over a period of days depending on market conditions and any legal restrictions.

Brokerage commissions or other fees incurred on purchases or sales of ExxonMobil stock are included as a part of the cost of the purchase or sale transaction.

ExxonMobil Stock dividend payments

Any dividends paid on ExxonMobil stock held in your Savings Plan Account are reinvested automatically and credited in the form of additional shares of stock, unless you elect to receive direct dividend payment in cash.

You may elect to receive any whole percentage (from 1-100%) of your cash dividends in direct payment. The election you make applies to all shares of ExxonMobil stock in all accounts.

Your election to receive cash dividends becomes effective after your election is processed. The election in effect four business days prior to the dividend payment date will determine whether your dividends are paid to you in cash or reinvested in shares of ExxonMobil stock. You may change your direct dividend payment election as often as you wish.

You do not pay current taxes on dividends credited to your accounts in the form of stock. If you elect to receive dividends directly either from your Roth or non-Roth accounts, they will be taxed as ordinary income in the year you receive them. However, these dividends are not subject to the additional 10% tax on early distributions, explained in the section on Tax Considerations. Please note that the election to reinvest dividends does not apply to ExxonMobil stock that has been withdrawn or distributed from your Savings Plan Account.

As an owner of ExxonMobil Stock, you may direct how your shares are voted. You will receive copies of all reports, proxy statements and other materials distributed to ExxonMobil shareholders. Information regarding your Savings Plan Account assets, including shares of stock and how you vote them, is subject to confidentiality requirements for those who provide services to the Savings Plan. 

General information about indexed funds

About Northern Trust Investments, Inc. (NT) and the Savings Plan

Northern Trust Investments, Inc. has responsibility for managing five of the seven investment options – Equity Units, Extended Market Units, International Equity Units, Bond Units and Balanced Fund Units.

Determining unit values

The value of the units in each fund varies with changes in the market value of the underlying net assets. The investment manager determines the value of each unit daily by dividing the market value of the net assets in the portfolio by the number of outstanding units. Any earnings, dividends, other income, investment management fees, or changes in the market value of each asset are reflected in the daily unit value.

Indexed investing

Equity Units, Extended Market Units, International Equity Units, Bond Units and Balanced Fund Units are all "indexed" investments. Indexing is a commonly used investment strategy in which the investment manager seeks to closely approximate the total rate of return and general characteristics of a market index, such as the Standard & Poor's 500 Index (S&P 500). Indexed investments have advantages such as clear investment strategy, automatic diversification and low fees.

For funds based on indices with thousands of securities, the manager may choose to use a sampling or an optimization process to design a portfolio that has similar characteristics to the index, but that does not hold every security, as a means of controlling transaction costs. This practice is used for Extended Market Units, International Equity Units, Bond Units and Balanced Fund Units.

Fund fees and expenses

Investment income from all sources is stated net of brokerage fees on purchases and sales of ExxonMobil common stock, investment related administrative expenses and investment management fees. Fees for participants´ specific actions such as plan loans or expedited delivery of checks are charged to the participant’s account. All other administrative fees are paid by the Company.

A summary of the annual fee and expense information for the indexed funds is provided below:

Fund	Annual Fees and Expenses (as % of Total Assets as of December 31, 2023)
Equity Units	0.0025%
Extended Market Units	0.02%
International Equity Units	0.025%
Bond Units	0.02%
Balanced Fund Units	0.0151%

You have the right to know of any operating expenses that reduce the rate of return and the total amount of these expenses, expressed as a percentage of average net assets. Additional fee and expense information can be found by going to http://xomsavings.voya.com, selecting Plan Details and then Participant Disclosure.

Additional information

Participants receive periodic reports on the performance of the Savings Plan's investment options. See the section on Annual Returns of Savings Plan Investment Options for historical performance information. To help you keep track of changes in your Savings Plan Account, you will automatically receive:

• Savings Plan confirmation statements after you make a transaction; and
• Periodic Savings Plan Account statements.

You also will be notified of any significant changes to the Savings Plan.

Investment elections

The Savings Plan follows the requirements under Section 404(c) of ERISA. This means that the Savings Plan offers a range of investment options and the opportunity to make your own investment decisions. You are provided information on these investment options (including risk/return characteristics). As a result, Savings Plan fiduciaries generally are not liable for losses resulting from your investment decisions. You can make different investment elections for each account (Before Tax, Roth 401(k), After Tax, and General) or you can make the same investment election for all your accounts. Additional elections are made as follows:

• Catch-up contributions: Your investment election for the Before-Tax Account will apply to the elections for any catch-up contributions you make to the Before-Tax Account. Similarly, your investment election for the Before-Tax Account will apply to the elections for any catch-up contributions you make to the Before-Tax Account. Similarly, your investment election for the Roth 401(k) Account will apply to the elections for any catch-up contributions you make to the Roth 401(k) Account. Your investment election for will apply to the elections for any catch-up contributions you make to the Roth 401(k) Account.
• Special contributions and rollover contributions: Elections for these contributions are made at the time you complete the information required for this type of transaction.
• In-plan Roth conversions: Immediately after conversion into the Roth Conversion Account, the assets are invested in the same manner as they were pre-conversion.

Individual account investment elections

When you make individual account investment elections, you are making separate investment decisions for your Before-Tax Account, Roth 401(k) Account, After-Tax Account, and General Account, whichever of these apply. For example, if you make an individual account investment election for your General Account, you are investing all future company match amounts directed to your General Account among the investment options you choose in the percentages you indicate. These percentages may be different than elections made for your Before-Tax, Roth 401 (k), and After-Tax Accounts.

Combined investment election

When you make a combined investment election, you are making the same investment decision for your Before-Tax, Roth 401(k), After-Tax, and General Accounts. Thus, you are investing all your future contributions to your Before-Tax Account, Roth 401(k) Account, and After-Tax Account and your future General Account company match among the same investment options in the percentages you indicate.

The process

In either case – combined investment election or individual account investment elections – you choose the percentage you want to invest in each investment option. You may invest in any one option, or you may divide your contributions and company match (in whole percentages) among the investment options.

Once your election is processed, it will remain in effect until you change it. You may change your election at any time. Any new election supersedes your previous election and generally will become effective at the next scheduled investment purchase.

Investment earnings

Any earnings on investments in your Savings Plan Account are credited as follows:

• Any dividends on ExxonMobil stock are used to purchase additional shares of stock unless you elect to receive the dividends directly in cash. Historically, dividends have been paid in March, June, September and December.
• Any earnings, dividends or other income on, or changes in market value of Equity Units, Extended Market Units, International Equity Units, Bond Units and Balanced Fund Units are included in the net asset value and are reflected in the daily price of the respective units.
• Any earnings on Common Assets are reinvested automatically to purchase additional Common Assets. Earnings are posted as of the end of each calendar quarter and are allocated among participants in proportion to each participant's average daily Common Assets balance in his or her Savings Plan Account during the quarter.

The contributions and company match you direct to each investment option are not likely to result in an exact multiple of the current share or unit prices. Partial shares or units of all investment options in the Savings Plan are credited to your account. This helps ensure that any contributions are fully invested in the investment options you direct.

Loans

Learn more about ExxonMobil Savings Plan loans

The following is a summary of the basics of Savings Plan loan requirements:

• You must be an employee to request a loan.
• You generally may obtain two new loans in a given calendar year.
• Loans are funded from the assets of the Savings Plan, with your individual account serving as collateral.
• You may have up to three loans outstanding at a time.
• A one-time $75 non-refundable loan initiation fee applies for each loan taken.
• You may elect 12 - 60 months to repay each loan.
• Your minimum loan amount is $1,000. The maximum loan amount is subject to limitations described in the ‘Loan Amounts’ section below.
• You may not initiate a new loan if you are delinquent on payments for an existing loan.

Loan amounts

The minimum loan amount is $1,000. The maximum you may borrow is the lesser of the following amounts:

• 50% of the market value of your vested Savings Plan Account balance, minus any existing loan amounts; or
• $50,000 reduced by your highest outstanding loan balance during the prior 12 months.

The current interest rate for plan loans is provided under the “Account” tab on the Savings Plan Internet site at https://xomsavings.voya.com. Participants can also obtain the current interest rate on plan loans by contacting a Customer Service Associate via the STS.

Examples:

	Example 1 $80,000 Vested Savings Plan Account Balance	Example 2 $110,000 Vested Savings Plan Account Balance
If you have no outstanding loans in the past 12 months you may borrow up to:	50% or $ 40,000	$ 50,000
If your highest outstanding loan balance in the past 12 months was:	$ 15,000	$ 15,000
And/or, if your current loan balance is:	$ 10,000	$ 10,000
You may borrow only up to:	$ 30,000	$ 35,000

Frequency and number of loans

You are allowed up to three outstanding loans at one time, with no more than two new loans granted in a given calendar year.

Loan Initiation fee

You will be charged a one-time $75 non-refundable loan initiation fee will be taken from your account for each loan you request.

Repaying your loan

You may elect a period of 12 to 60 months to repay your loan through payroll deductions. Your loan payments via payroll deduction will begin automatically as soon as possible following loan issuance. If the payroll deduction is not taken for any reason or is insufficient to cover the repayment amount, you are still liable for such payment directly to the Trustee, by personal check or money order. Each installment includes payment of principal and interest on the loan. Interest is paid to the Savings Plan and is part of Common Assets earnings. If you wish, you may prepay all or part of your loan balance at any time. You may repay your loan in full with a cashier's or certified check. Any partial loan repayment can be made by check and may reduce the length of the repayment period, but it will not reduce the monthly installment amount. A loan payment must be received each month.

You may call the STS (Savings Plan Telephone Service) or access the website to obtain loan payoff information.

Loan collateral

When you borrow money from the Savings Plan, the assets in your Savings Plan Account serve as collateral for the loan. When you have an outstanding loan, withdrawals/distributions that will reduce the collateral value below the amount of your outstanding loan balance will be restricted.

If you default on a loan, the assets in your Savings Plan Account will be reduced by the outstanding loan balance at the time of default. This amount may be treated as a taxable distribution and may be subject to an additional 10% tax. See the Tax considerations section for more information. After your loan is declared in default, you will not be able to take out a new loan for five years from the date of default.

Initial payment

Participants may elect loan disbursements via paper check or EFT.

Tax considerations

Learn more about tax considerations for the ExxonMobil Savings Plan

The following summary is a general description of the applicable federal income tax law at the time this document was prepared. It does not reflect every possible interpretation that might affect your personal situation, nor can it anticipate future changes in the law. You will also periodically receive a description of the tax rules applicable to withdrawals and distributions with your account statements.

Taxable and non-taxable amounts

Money in the Savings Plan is contributed on either a before-tax (tax-deferred) or after-tax (tax-paid) basis.

Earnings in the Roth accounts that are withdrawn or distributed in a qualified distribution are exempt from tax. For all other earnings, taxes are deferred until you take a withdrawal or distribution.

For all withdrawals/distributions you receive in a given year, you will be sent an IRS Form 1099 that sets out the taxable and non-taxable amounts. These forms are also sent to the Internal Revenue Service.

Tax implications

The federal income tax laws regarding amounts you receive from your Savings Plan Account are complex. It is important to seek advice from a tax professional before making withdrawal, deferral, or distribution decisions.

Withdrawals and distributions from Roth accounts

One of the primary advantages of saving for retirement through the Roth accounts is that your entire distribution can be tax-free. A distribution from your Roth account is tax-free to the extent the distribution is a “qualified distribution” as defined by tax law.

Qualified distributions  

A qualified distribution is a withdrawal or distribution made after a 5-year period of Roth participation that is:

1) Paid to you after

• You have reached age 59-1/2 or
• You are disabled (as defined under IRS rules) or

2) Received by your beneficiary as a result of your death.

Your 5-year period of required Roth participation begins on the earlier of:

• January 1 of the year in which you first make a contribution into any of the Roth accounts and
• January 1 of the year in which you first make a contribution into another employer’s Roth 401(k) from which you made a direct rollover into the Roth Rollover Account.

Your 5-year period of required Roth participation ends as of December 31 of the 5th consecutive year.

A qualified distribution does not include:

1) deemed distribution of Roth accounts resulting from a loan default, and

2) direct dividend payments on ExxonMobil stock in Roth accounts.

Nonqualified distributions

A withdrawal or distribution from the Roth accounts that is not a qualified distribution is a nonqualified distribution. In a nonqualified distribution, only the earnings withdrawn or distributed are taxable. For each dollar withdrawn or distributed, a pro-rata amount is attributable to earnings based on the ratio of earnings in the Roth accounts to the fair market value of the Roth accounts.

Withdrawals from non-Roth accounts

• A withdrawal may consist of tax-paid and/or tax-deferred amounts. A withdrawal from your General Account is treated as a withdrawal from your tax-paid balance in that account and is tax-free to you. A withdrawal from your After-Tax Account is prorated between tax-paid and tax-deferred balances you have in that account. The portion of an After-Tax Account withdrawal attributable to your tax-paid balance is tax-free to you. The remainder is taxable as ordinary income.
• Generally, any hardship withdrawal from your Before-Tax Account is taxable as ordinary income.

Distributions from non-Roth accounts

• A total distribution of your non-Roth Accounts is tax-free up to the amount of your tax-paid balances in your General and After-Tax Accounts. The remainder is taxable as ordinary income.
• The tax treatment of a partial distribution from your non-Roth accounts depends on the account from which it is paid:

• A partial distribution from accounts other than your After-Tax  Account is treated first as a distribution from your General Account tax-paid balance, and to that extent, is tax-free to you.
• Any remaining portion of a partial distribution from accounts other than your After-Tax Account is taxable as ordinary income.
• A partial distribution from your After-Tax Account is prorated between tax-paid and tax-deferred balances in that account.

Additional 10% tax if you are under age 59-1/2

An additional 10% tax applies to the taxable portion of most withdrawals/distributions you receive prior to the date you attain age 59-1/2. This tax does not apply to:

• Amounts paid after you separate from service during or after the year you reach age 55.
• Amounts paid after you retire due to disability (as defined under IRS rules).
• Amounts used to pay certain medical expenses.
• Amounts rolled over to an eligible plan or an IRA.
• ExxonMobil stock direct dividend payments.
• Amounts converted to the Roth Conversion Account at time of conversion.

5-year recapture for withdrawals/distributions from the Roth Conversion Account

When an in-plan Roth conversion occurs, the taxable amount at time of conversion is not subject to this additional 10% tax. However, if the amount converted is withdrawn or distributed within 5 calendar years from January 1 of the year of conversion, the taxable amount at time of conversion is treated as taxable at the time of withdrawal/distribution solely for this purpose. As a result, this additional 10% tax will apply to the taxable amount if you have not attained age 59-1/2 or do not satisfy any of the other exceptions as listed above.

Rollovers

You may defer taxation on the taxable portion of certain withdrawals/distributions from the non-Roth accounts by making a rollover to an eligible plan or an IRA. You may also defer taxation on the taxable portion of certain withdrawals/distributions from the Roth accounts by making a rollover to an eligible plan or a Roth IRA.

Generally, all withdrawals/distributions (taxable and non-taxable) may be rolled over into an eligible plan except:

• Hardship withdrawals.
• ExxonMobil stock direct dividend payments.
• Distributions to retirees required after attaining the applicable age for minimum distributions.
• Loans declared in default and treated as taxable distributions.

Any eligible rollover amount paid to you (i.e., not made as a direct rollover) will be subject to 20% income tax withholding on the taxable amount to the extent of the cash received. No withholding is required on withdrawals/distributions consisting solely of ExxonMobil stock.

The total amount of the withdrawal/distribution (including the amount withheld) is still eligible to be rolled over to an eligible plan or IRA within 60 days from the date received. Any taxable amount that is not rolled over within the 60-day period must be included in taxable income and also may be subject to an additional 10% tax (explained above).

You may elect to have no income tax withheld on the taxable portion of an amount that is not eligible to be rolled over. If no election is made, withholding will be at 10%.

In-plan Roth conversions

At the time of conversion, you will incur tax liability as if the converted assets were distributed to you.   However, any ExxonMobil stock converted is taxed at fair market value and the additional 10% early withdrawal tax does not apply.

If the amount converted is withdrawn/distributed within 5 calendar years from January 1 of the year of conversion, the additional 10% tax may apply. See section titled "Additional 10% Tax if You Are Under Age 59-1/2" above.

There is no income tax withholding on the amount converted so you are responsible for estimating and paying the amount of tax owed.  Please give careful consideration to your decision to convert funds from your account. Once the conversion to Roth has been processed, it is irrevocable.  You may wish to discuss with a Savings Telephone Service (STS) Customer Service Representative at 1-877-XOM-401K (966-4015).

Lump-sum distributions

A lump-sum distribution has a specific meaning in the Internal Revenue Code. If a distribution is considered to be a lump-sum, it is afforded special tax treatment. According to the Internal Revenue Code, a lump-sum distribution is a distribution, within one tax year, of your entire Savings Plan Account balance that is:

• Payable to you because you:

• Have reached age 59-1/2,
• Have separated from service, or
• Are disabled (as defined under IRS rules).

• Received by your beneficiary as a result of your death.

Generally, for a distribution to qualify as a lump-sum distribution, you must have been a participant in the Savings Plan for at least five years. In-plan Roth conversions, post-retirement withdrawals, partial distributions, and minimum distributions can prevent a future total distribution from being a lump-sum distribution.

Special tax treatment for some eligible participants

Lump-sum distributions received by participants who have attained specified ages may be eligible for special tax treatment:

• Ten-Year Averaging – If you receive a lump-sum distribution and you were born before January 1, 1936, you may be able to make a one-time election to use ten-year averaging.
• Capital Gains Treatment – If you receive a lump-sum distribution and you are eligible for ten-year averaging (i.e., born before January 1, 1936), you may be able to use a flat 20% tax rate on the portion of your distribution (if any) attributable to Savings Plan participation before 1974.

These special tax elections may be made only once after 1985 and, if made, will apply to all lump-sum distributions received in the same year. If you would like more information about this special tax treatment, please contact a Customer Service Associate via the STS. 

If you ever roll over any part of a withdrawal/distribution you may lose eligibility for this special tax treatment for any subsequent lump-sum distributions from the Savings Plan.

Net Unrealized Appreciation (NUA)

Net Unrealized Appreciation (NUA) is any increase between the cost of the ExxonMobil stock allocated to your account and the market value of the stock when it is withdrawn or distributed.

If your withdrawal or distribution includes ExxonMobil stock, you have an additional tax deferral opportunity and the opportunity for a portion of your taxable amount to be taxed at long-term capital gains tax rates rather than at ordinary income tax rates. Since capital gains tax rates are generally lower than ordinary income tax rates, this opportunity may help you keep more of your taxable account balance. Depending on the amount of NUA on the stock you take in a withdrawal or distribution, the difference between capital gains taxes and ordinary income taxes can be substantial.

If your withdrawal or distribution includes ExxonMobil stock, a value is assigned to that stock. The value is the lower of the cost of the stock or its market value at the time of withdrawal/distribution. Determining the taxable value of the stock based on its cost (if below market value) can result in the deferral of income tax on the NUA if the distribution qualifies as a lump sum distribution or the stock is attributable to your after-tax contributions. When you finally sell the stock, the NUA is taxed as long-term capital gain.

The fair market value of stock withdrawn or distributed from the Roth accounts in a qualified distribution is exempt from tax. In such cases, the ability to defer the amount of NUA is not relevant.

When you buy, or the company contributes, ExxonMobil stock, the purchase price is recorded for each individual share in your account. Records of these are grouped in one dollar increments.

Example:

Assume ExxonMobil stock was allocated to your non-Roth accounts with a cost basis of $1,000 but the stock was worth $1,200 when you received it. In this example you would not have to pay tax on the $200 increase in value (the NUA) until you later sell the stock if the shares were attributable to your after-tax contributions and you do not make a rollover, or if you received the shares in a lump-sum distribution. Also, once you sell these shares, taxes on the $200 NUA will be paid at long-term capital gains tax rates versus ordinary income tax rates.

Any appreciation in value after the date of withdrawal or distribution is taxed as either long-term or short-term capital gain, depending on the length of time you hold the stock outside the Savings Plan. You may, however, elect not to use this special rule for NUA in which case, the NUA will be taxed in the year you receive the stock unless you roll over the stock.

Participants who defer final distribution of their Savings Plan Account and who later receive a withdrawal or distribution or make an in-plan Roth conversion in a year prior to the year of total distribution may lose the special tax treatments and limit the NUA otherwise available to them.

Effects of lump-sum distribution

• Lump-sum distribution – If you receive ExxonMobil stock in a distribution that qualifies as a lump-sum distribution (or it would qualify except that you did not have five years of participation in the Savings Plan), you can exclude from current income the NUA on all stock received and not rolled over.
• Non lump-sum distribution – If you receive ExxonMobil stock in a withdrawal or a distribution that is not a lump-sum distribution and you do not make a rollover of any eligible portion, you can exclude from current income the NUA only on stock attributable to your after-tax contributions. If you choose to roll over any portion of the non lump-sum distribution, you will not be able to exclude NUA on any of the company stock in that withdrawal/distribution.

The opportunity to defer tax on the NUA in a distribution can be a valuable tax planning tool that can be lost by making withdrawals, partial distributions or in-plan Roth conversions after you terminate from employment or retire. Buying and selling ExxonMobil stock during your years as a participant, in an attempt to “time the market”, can also result in less potential NUA. As low-cost shares are sold and then repurchased at a potentially higher value, the difference between the market value at distribution and the cost basis of the shares may narrow.

The tax-related information presented here provides only a general summary of the federal (not state or local) income tax laws in effect when this publication was produced that might apply to your withdrawals/distributions. The rules are complex and contain many conditions and exceptions that are not included in this material. Therefore, you may want to consult with your personal tax advisor before you make an in-plan Roth conversion or you take a withdrawal or distribution of your benefits from the Savings Plan.

These tax considerations may vary for Puerto Rico participants.

Surviving spouses, alternate payees and other beneficiaries

In general, the rules summarized previously that apply to distributions to employees also apply to distributions to beneficiaries of employees and retirees. These beneficiaries will receive additional tax information as necessary.

Securities and Exchange Commission (SEC) information

The following documents have been filed by the company or the Trustee with the Securities and Exchange Commission (SEC) and are incorporated by reference into this SPD:

1. Annual Report on Form 10-K for the year ended December 31, 2023;
2. Quarterly Report on Form 10-Q for the quarter ended December 31, 30, 2023;
3. The Savings Plan's Annual Report on Form 11-K for the year ended December 31, 2023; and
4. The description of Exxon Mobil Corporation common stock contained in Exxon Mobil Corporation's Registration Statement on Form S-4 (File No. 333-75659), and any document filed which updates that description.

In addition, all documents filed by Exxon Mobil Corporation under Sections 13(a), 13(c), 14, and 15(d) of the Exchange Act after the date of this SPD, and before filing of a post-effective amendment that indicates that all securities offered have been sold or that deregisters all securities then remaining unsold, are deemed to be incorporated by reference in this SPD as of the date the documents are filed.

You may request a copy of any or all of these documents (other than exhibits to such documents) and this SPD, without charge, by writing or emailing:

Exxon Mobil Corporation
Investor Relations Department
22777 Springwoods Village Parkway
Spring, TX 77389
Email: shareholderrelations@exxonmobil.com

You may also access the company’s SEC filings at the company’s website at http://www.exxonmobil.com under the “Investors” section.

Key terms

Learn more about key terms for the ExxonMobil Savings Plan

Additional contributions

Your payroll deduction contributions in excess of the 6% minimum contribution.

After-Tax Account

The account containing the after-tax contributions you made since December 31, 1986, plus earnings on those contributions.

After-Tax Account withdrawal balance

The maximum amount that you may withdraw from your After-Tax Account. It equals total contributions to the After- Tax Account, minus any previous withdrawals.

After-tax contributions

Your After-Tax Account contributions. Also, your pre-1987 contributions to your General Account, if any.

Before-Tax Account

The account containing your before-tax contributions plus earnings on those contributions.

Before-tax contributions

Your tax-deferred contributions to the Before-Tax Account.

Benefit service

Generally, all the time from the first day of employment until you leave the company's employment.

Excluded are:

• unauthorized absences;
• leaves of absence of over 30 days (except military leaves or leaves under the Federal Family and Medical Leave Act);
• certain absences from which you do not return;
• periods when you work as a non-regular employee or as a special agreement person;
• periods generally in excess of 10 years for working in service station, car wash, or car-care center operations;
• when you are covered by a contract that requires the company to contribute to a different benefit program, unless a special authorization credits the service.

Catch-up contributions

Before-tax or Roth 401(k) contributions made in addition to regular contributions by participants age 50 or older who have maximized their Before-Tax contributions.

Combined investment election

By using this election (as opposed to the Individual Account Investment Election), you can make the same investment decision for contributions to your General Account, Before-Tax Account and After-Tax Account.

Company

Refers to Exxon Mobil Corporation, its divisions or participating affiliates, as the case may be.

Company match

The company matches your minimum 6% contribution by crediting 7% of your pay to your General Account.

Direct dividend payment

Distribution of cash dividends of ExxonMobil stock held in your Savings Plan Account.

Distribution

That part of a Savings Plan Account (other than a withdrawal) distributed to you or your beneficiary.

Diversification

The savings approach which minimizes investment risk by distributing savings between a variety of investment options, therefore providing more consistent performance under a wide range of economic conditions.

Electronic funds transfer (EFT)

The Savings Plan feature that permits you to receive most types of Savings Plan payments electronically to the same account as your paycheck.

Eligible employee

Most U.S. dollar-paid employees of Exxon Mobil Corporation and participating affiliates. Full-time employees not hired on a temporary basis (also called "regular employees") are eligible their first day of employment. Temporary or part-time employees (also called "non-regular employees") are eligible after one year of employment, provided they work at least 1,000 hours during that year. Non-regular part-time employees are also eligible to participate after working at least 500 hours a year for a required number of years.

The following are not eligible to participate in the plan: employees of Station Operators, Inc. (SOI), leased employees as defined in the Internal Revenue Code, barred employees or special-agreement persons as defined in the plan document. Generally, special-agreement persons are persons paid by the company on a commission basis, persons working for an unaffiliated company that provides services to the company, and persons working for the company pursuant to a contract that excludes coverage of benefits.

Eligible plan

A tax-qualified plan such a 401(k) plan, profit-sharing plan, and a defined benefit plan; a section 403(a) annuity plan; a section 403(b) tax-sheltered annuity; or an eligible 457(b) plan maintained by a government employer.

Employee Retirement Income Security Act of 1974 (ERISA)

A federal law governing certain employee benefit plans.

General Account

The account containing the company match and any rollover contributions, and earnings on those contributions.

General Account withdrawal balance

The maximum amount you may withdraw from your General Account. It generally equals the total remaining after- tax contributions to the General Account.

Individual account investment election

By using this election, (as opposed to the Combined Investment Election), you can make different investment decisions for contributions to your General Account, Before-Tax Account and After-Tax Account.

Individual Retirement Account (IRA)

A tax-deferred investment offered by many banks and other financial institutions. IRAs are not part of the Savings Plan.

Minimum contribution

The 6% of your pay that you must contribute by payroll deduction to participate in the Savings Plan.

Minimum distribution

A distribution you receive each year beginning by April 1 following the later of the year you reach the applicable age for required minimum distributions or the year you retire.

Net unrealized appreciation (NUA)

The difference between the cost basis of ExxonMobil stock at the time the stock was allocated to your account and the value of the stock at distribution (if the value has gone up).

Pay

For purposes of the Savings Plan, base compensation and supplemental compensation that you receive as part of the company's established wage or salary system. Eligible pay includes all overtime. The amount of pay that can be taken into account for employee benefit purposes is limited by tax law (the annual compensation limit is updated annually and can be accessed at https://www.irs.gov/retirement-plans/plan-participant-employee/retirement-topics-contributions)

Qualified Domestic Relations Order (QDRO)

An order issued by a court of competent jurisdiction dividing property between a Savings Plan participant and another party (most commonly the participant's former spouse).

Retiree

Generally, a regular employee who retired at age 55 or older with at least 15 years of benefit service. Retiree status may also be attained by someone who is retired by the company and entitled to long-term disability benefits under the ExxonMobil Disability Plan after 15 or more years of service, regardless of age.

Retiree online community

The Internet site available to retirees from ExxonMobil is www.emretiree.com.

Return

The earnings, gains or losses on an investment, usually expressed as an average annual percentage rate.

Risk

The fluctuation in the level of return on or value of an investment.

Rollover

• From the Savings Plan

The transfer of withdrawals or distributions from the Savings Plan to an IRA or another employer's eligible plan. This enables you to defer taxes on the taxable amount you rolled over.

• Into the General Account or Roth rollover account in the savings plan

The transfer of a distribution from another eligible plan into the Savings Plan. (See Eligible Plan)

• Direct rollover

A distribution that you elect to be made directly from one trustee to another trustee.

Savings Plan Account

Your total interest in the Savings Plan, including assets in the General Account, Before-Tax Account, After-Tax Account, Roth 401(k) Account, Roth-Rollover Account and the Roth Conversion Account.

Savings Plan Telephone Service (STS)

The voice response phone system that allows you to make inquiries and initiate transactions in your Savings Plan Account. It also connects you to Savings Plan Customer Service Associates. (The telephone number is 877-XOM- 401K or 877-966-4015).

Special contributions

Any contributions to the After-Tax Account made by check, not by payroll deduction. 

Terminated employee or terminee

A participant who separates employment from ExxonMobil without attaining retiree status.

Trustee

A group of individuals, appointed by Exxon Mobil Corporation, with fiduciary responsibility for managing certain aspects of the Savings Plan Trust.

Vested

Refers to the portion of your Savings Plan Account that you are entitled to receive if you leave ExxonMobil. You are always vested in your own contributions and any investment earnings on both your contributions and the company match. As an employee, you become vested in the company match upon the earliest of one of the following events:

• completion of three years of vesting service;
• the first day of the month in which you reach age 65; or
• your death.

Vesting service

Determines when you are vested in the company match. May include service as a leased employee.

• For Regular Employees — all service with the company including absences without pay of up to one year. For Non-regular Employees — based on hours of service.

• For Non-regular full-time employees, you earn a year of vesting service for each anniversary year of employment in which you work at least 1,000 hours.
• For Non-regular part time employees, you earn a year of vesting service for each year of 500-hour service counted towards eligibility.

Website

The Savings Plan Internet site for accessing account information and making transactions is https://xomsavings.voya.com.

Withdrawal

A transaction requesting a certain amount of cash or stock from your Savings Plan Account.

Information for participants who worked for Mobil Corporation

Other sections of this publication describe the plan benefits and features applicable to your entire account balance. However, some features that you had as a heritage Mobil participant are grandfathered and will continue to apply, but only to a portion of your Savings Plan Account. These grandfathered features relate specifically to withdrawals and distributions from this portion of the Savings Plan. 

Some of the features you had as a heritage Mobil participant are grandfathered. The grandfathered features only apply to any heritage Mobil protected balance you have in your Savings Plan Account. Here is how protected and non-protected balances are determined:

• "Protected" Balance is the market value of the Mobil portion of your Savings Plan Account at harmonization. The harmonization date was May 1, 2003. This balance may be reduced by withdrawals and distributions. If the total market value of your Savings Plan Account falls below your protected balance, your protected balance will be limited to the market value.
• "Non-Protected" Balance is the amount of your Savings Plan Account balance in excess of your protected balance. Generally, it includes the ExxonMobil portion of your Savings Plan Account, if any, plus post- harmonization contributions, or any post harmonization earnings across your entire account (including post- harmonization earnings on the heritage Mobil protected balance).

Please remember that all of the Savings Plan provisions discussed in this publication and the grandfathered features on the next pages apply to these protected balances.

ExxonMobil Savings Plan Balance
Protected Balance	Non-Protected Balance
Heritage Mobil balance as a dollar amount at harmonization. Most withdrawals/distributions will reduce your protected balance.	All earnings on protected balance post harmonization.	Existing ExxonMobil Savings Plan balance at harmonization and all earnings post harmonization.	Future contributions and all earnings on those contributions.

How this applies to you

The grandfathered features apply only to your protected balance. Most withdrawals or distributions you take will reduce this balance. Once your protected balance is depleted, the grandfathered features will no longer be available to you. Please note that your protected balance in the Savings Plan may be embedded in any or all of the four Savings Plan Accounts.

If you only had a balance in the Mobil portion of the Savings Plan at harmonization, any post-harmonization earnings on this heritage Mobil protected balance will create a non-protected balance.

Grandfathered features

Withdrawals

Heritage Mobil participants may make cash or stock withdrawals of their protected balance from any account. Participants may access any contributions, including company contributions. These withdrawals are available twice per year, with a third available for a total withdrawal.

Distributions

Heritage Mobil participants may request two partial distributions from their protected balances each calendar year with no minimum amount required.

Heritage Mobil terminated employees may defer distribution on the protected balances past age 65 until required minimum distribution are required. The law requires that you begin receiving annual minimum distributions no later than April 1 of the year following the year in which you reach the applicable age for minimum distributions. Your non-protected balance, however, will be distributed to you at age 65.

If you receive a partial distribution (or any post-separation withdrawal or distribution) in any year before the year in which you receive your entire Savings Plan balance, this partial distribution will not be a lump-sum distribution eligible for favorable lump-sum tax treatment. Favorable lump-sum treatment also may not be available to you when you subsequently elect a total distribution in another tax year.

All grandfathered features supersede any conflicting Savings Plan provisions. For example, the Savings Plan allows one partial distribution per year ($5,000 minimum) for retirees. The grandfathered feature allows all former Mobil employees two partial distributions per year from protected balances with no minimum amount required. A retiree who has a protected balance can only have two, not three, partial distributions in a year, and no minimum amount is required. See summary on grandfathered features below.

The following chart highlights the grandfathered features of your protected balance. Use of these features generally will reduce your protected balance. Suspensions, if applicable, will include both your contributions and the company match. 

Heritage Mobil Grandfathered features

Withdrawals
Maximum Without Suspension
Eligible group:	Active employees, terminated employees, and retirees.
Funds available:	Pre-1987 after-tax employee contributions, plus post-1986 after-tax employee contributions and earnings, transferred 1988 ESOP after-tax employee contributions and earnings, and rollover contributions.
Suspension:	None.
Maximum With Three-Month Suspension
Eligible group:	Active employees.
Funds available:	Funds available in the Maximum Without Suspension withdrawal type, plus up to 50% of your After-Tax Account, General Account and Stock Match Account remaining protected balances.
Suspension:	Three-month suspension applies.
Maximum With Six-Month Suspension
Eligible group:	Active employees.
Funds available:	Funds available in the Maximum With Three-Month Suspension withdrawal type, plus greater than 50% of your After-Tax Account, General Account and Stock Match Account remaining protected balances. Funds available also include your Before-Tax Account protected balance if you are at least age 59-1/2.
Suspension:	Six-month suspension applies.
Total Protected Benefit with Six-Month Suspension
Eligible group:	Active employees.
Funds available:	100% of funds available in the Maximum With Six-Month Suspension withdrawal type.
Suspension:	Six-month suspension applies.
Requirements:	Must take 100% of available funds.
Other:	Available as a third withdrawal in the same year.
59-1/2 Without Suspension
Eligible group:	Active employees.
Funds available:	Before-Tax Account protected balances.
Suspension:	None.
Requirements:	Available only if age 59-1/2 or older.

 

Distributions
Partial Distributions for Terminated employees (non-retirees)
Eligible group:	Terminated employees (non-retirees).
Funds available:	Up to entire remaining protected balance available.
Frequency:	Twice in a calendar year.
Other:	No minimum amount; can defer distribution past age 65 until minimum distributions from the plan are required by law.
Partial Distributions for retirees
Eligible group:	Retirees.
Funds available:	Up to entire remaining protected balance available.
Frequency:	Twice in a calendar year.
Other:	No minimum amount.

Information for participants who worked for Station Operators Inc.

Other sections of this publication describe the plan benefits and features applicable to your entire account balance. However, some features that you had as a participant in the heritage plan will continue to apply, but only to a portion of your Savings Plan Account. These grandfathered features relate specifically to withdrawals and distributions from this portion of the Savings Plan.

Some of the features you had as a participant in the ExxonMobil Fuels Marketing Savings Plan (“FMSP”) are grandfathered. Some of these features to access your account balance are further enhanced. For purposes of this publication, the features you had in the heritage plans and the enhanced features are all referred to as grand fathered features.

The grandfathered features only apply to any protected balance you have in the Savings Plan, upon completion of the transfer of assets to the Savings Plan. Here is how the protected and non-protected balances are determined:

• "Protected" Balance is the market value of your FMSP account balance transferred to the Savings Plan on October 4, 2013 or November 16, 2015, as the case may be. This balance may be reduced by withdrawals or distributions. If the total market value of your Savings Plan Account falls below your protected balance, your protected balance will be limited to the market value. Please note that your protected balance in the Savings Plan may be embedded in the Before-Tax, After-Tax and/or General Accounts.
• "Non-Protected" Balance is the amount of your Savings Plan Account balance in excess of your protected balance. Generally, it includes the ExxonMobil portion of your Savings Plan Account, if any, plus post-transfer contributions, or any post-transfer earnings across your entire account (including post-transfer earnings on the heritage plans' protected balance).

Please remember that all of the Savings Plan provisions discussed in this publication and the grandfathered features described below apply to these protected balances.

Grandfathered Features

Withdrawals

Former FMSP participants may withdraw their protected rollover balance and, if at least age 59½, before-tax balance once in any 6-month period. The minimum amount of this withdrawal is $200 or, if less, the amount available.

Distributions

Upon termination of employment without retiree status, former FMSP participants may defer distribution on the protected balance until required minimum distributions are required. The law requires that you begin receiving annual minimum distributions no later than April 1 of the year following the year in which you reach the applicable age for minimum distributions. Your non-protected balance, however, will be distributed to you at age 65.

If you receive a post-separation withdrawal of distribution in any year before the year in which you receive your entire Savings Plan balance, this withdrawal or distribution will not be a lump-sum distribution eligible for favorable lump-sum tax treatment. Favorable lump-sum tax treatment also may not be available to you when you subsequently elect a total distribution in another tax year.

The following chart highlights the grandfathered features of your protected balance in terms of distribution or withdrawal types available. Use of these features generally will reduce your protected balance.

Withdrawals
Maximum Without Suspension
Eligible group:	Active employees.
Funds available:	General Account protected balance.
Frequency:	Once every 6 months.
Other:	Minimum withdrawal amount is lesser of $200 or protected amount available.
59-1/2 Without Suspension
Eligible group:	Active employees.
Funds available:	Before-Tax Account protected balance.
Frequency:	Once every 6 months.
Other:	Available only if age 59-1/2; minimum withdrawal amount is lesser of $200 or protected amount available.

 

Distributions
Deferral of distribution past age 65 to RMD age
Eligible group:	Terminated employees (non-retirees).
Funds available:	Up to entire remaining protected balance.
Other:	No required minimum amount.