EXXON MOBIL CORP · FY 2017 

Management Discussion

XOM
  EXXON MOBIL CORP · FY 2017 

Management Discussion

Item 7. Management's Discussion and Analysis of Financial
Condition and Results of Operations

Reference is made to the section entitled "Management's
Discussion and Analysis of Financial Condition and Results of Operations" in
the Financial Section of this report.

Item 7A. Quantitative and
Qualitative Disclosures About Market Risk

Reference is made to the section entitled "Market Risks,
Inflation and Other Uncertainties", excluding the part entitled "Inflation and
Other Uncertainties", in the Financial Section of this report. All statements,
other than historical information incorporated in this Item 7A, are
forward-looking statements. The actual impact of future market changes could
differ materially due to, among other things, factors discussed in this report.

Item 8. Financial Statements and Supplementary Data

Reference is made to the following in the Financial
Section of this report:

Consolidated financial statements, together with the
report thereon of PricewaterhouseCoopers LLP dated
February 28, 2018, beginning with the section entitled "Report of
Independent Registered Public Accounting Firm" and continuing through
"Note 20: Acquisitions";
"Quarterly Information" (unaudited);
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"Supplemental Information on Oil and Gas Exploration
"Frequently Used Terms" (unaudited).

Financial Statement Schedules have been omitted
because they are not applicable or the required information is shown in the
consolidated financial statements or notes thereto.

Item 9. Changes in and Disagreements With Accountants
on Accounting and Financial Disclosure

None.

Item 9A. Controls and Procedures

Management's Evaluation of Disclosure
Controls and Procedures

As indicated in the certifications in Exhibit 31 of this
report, the Corporation's Chief Executive Officer, Principal Financial Officer
and Principal Accounting Officer have evaluated the Corporation's disclosure
controls and procedures as of December 31, 2017. Based on that
evaluation, these officers have concluded that the Corporation's disclosure
controls and procedures are effective in ensuring that information required to
be disclosed by the Corporation in the reports that it files or submits under
the Securities Exchange Act of 1934, as amended, is accumulated and
communicated to them in a manner that allows for timely decisions regarding
required disclosures and are effective in ensuring that such information is
recorded, processed, summarized and reported within the time periods specified
in the Securities and Exchange Commission's rules and forms.

Management's Report on
Internal Control Over Financial Reporting

Management, including the Corporation's Chief Executive
Officer, Principal Financial Officer and Principal Accounting Officer, is
responsible for establishing and maintaining adequate internal control over the
Corporation's financial reporting. Management conducted an evaluation of the
effectiveness of internal control over financial reporting based on criteria
established in Internal Control - Integrated Framework (2013) issued by
the Committee of Sponsoring Organizations of the Treadway Commission. Based on
this evaluation, management concluded that Exxon Mobil Corporation's internal
control over financial reporting was effective as of December 31, 2017.

PricewaterhouseCoopers LLP, an independent registered
public accounting firm, audited the effectiveness of the Corporation's internal
control over financial reporting as of December 31, 2017, as stated in
their report included in the Financial Section of this report.

Changes in Internal Control
Over Financial Reporting

There were no changes during the Corporation's last fiscal
quarter that materially affected, or are reasonably likely to materially
affect, the Corporation's internal control over financial reporting.

Item 9B. Other Information

None.