●  EXXON MOBIL CORP · FY 2019 

Legal Proceedings

XOM
●  EXXON MOBIL CORP · FY 2019 

Legal Proceedings

Legal Proceedings

Regarding a matter last reported in the Corporation's Form 10-Q for the third quarter of 2019, on December 31, 2019, the United States Federal District Court, Northern District of Texas (the Federal Court), vacated the civil penalty assessed by the United States Department of Treasury, Office of Foreign Assets Control (OFAC) against Exxon Mobil Corporation, ExxonMobil Development Company and ExxonMobil Oil Corporation on July 20, 2017, for allegedly violating the Ukraine-Related Sanctions Regulations, 31 C.F.R. part 589. The civil penalty vacated by the Federal Court was in the amount of $2,000,000. OFAC is currently determining whether to appeal the Federal Court's order to the 5th Circuit Court of Appeals.

Refer to the relevant portions of "Note 16: Litigation and Other Contingencies" of the Financial Section of this report for additional information on legal proceedings.

Item 4. MINE SAFETY DISCLOSURES

Not applicable.

Information about our Executive Officers

(positions and ages as of February 26, 2020)

Darren W. Woods Chairman of the Board
Held current title since: January 1, 2017 Age: 55
Mr. Darren W. Woods was Senior Vice President of Exxon Mobil Corporation June 1, 2014 - December 31, 2015. He became a Director and President of Exxon Mobil Corporation on January 1, 2016, and Chairman of the Board and Chief Executive Officer on January 1, 2017, positions he continues to hold as of this filing date.
Neil A. Chapman Senior Vice President
Held current title since: January 1, 2018 Age: 57
Mr. Neil A. Chapman was President of ExxonMobil Chemical Company and Vice President of Exxon Mobil Corporation January 1, 2015 - December 31, 2017. He became Senior Vice President of Exxon Mobil Corporation on January 1, 2018, a position he continues to hold as of this filing date.
Andrew P. Swiger Senior Vice President
Held current title since: April 1, 2009 Age: 63
Mr. Andrew P. Swiger became Senior Vice President of Exxon Mobil Corporation on April 1, 2009, a position he continues to hold as of this filing date.
Jack P. Williams, Jr. Senior Vice President
Held current title since: June 1, 2014 Age: 56
Mr. Jack P. Williams, Jr. became Senior Vice President of Exxon Mobil Corporation on June 1, 2014, a position he continues to hold as of this filing date.
Linda D. DuCharme President, ExxonMobil Upstream Integrated Solutions Company
Held current title since: April 1, 2019 Age: 55
Ms. Linda D. DuCharme was Vice President, Europe, Russia and Caspian for ExxonMobil Gas & Power Marketing Company February 1, 2011 - June 30, 2015. She was Vice President, Americas, Africa and Asia, ExxonMobil Gas & Power Marketing Company July 1, 2015 - July 31, 2016. She was President of ExxonMobil Global Services Company August 1, 2016 - March 31, 2019. She became President of ExxonMobil Upstream Integrated Solutions Company on April 1, 2019, a position she continues to hold as of this...
Neil W. Duffin President, ExxonMobil Global Projects Company
Held current title since: April 1, 2019 Age: 63
Mr. Neil W. Duffin was President of ExxonMobil Development Company April 13, 2007 - December 31, 2016. He was President of ExxonMobil Production Company and Vice President of Exxon Mobil Corporation January 1, 2017 - March 31, 2019. He became President of ExxonMobil Global Projects Company on April 1, 2019, a position he continues to hold as of this filing date.
Randall M. Ebner Vice President and General Counsel
Held current title since: November 1, 2016 Age: 64
Mr. Randall M. Ebner was Assistant General Counsel of Exxon Mobil Corporation January 1, 2009 - October 31, 2016. He became Vice President and General Counsel of Exxon Mobil Corporation on November 1, 2016, positions he continues to hold as of this filing date.

Stephen M. Greenlee Vice President
Held current title since: September 1, 2010 Age: 62
Mr. Stephen M. Greenlee was President of ExxonMobil Exploration Company and Vice President of Exxon Mobil Corporation September 1, 2010 - March 31, 2019. He became President of ExxonMobil Upstream Business Development Company and Vice President of Exxon Mobil Corporation on April 1, 2019, positions he continues to hold as of this filing date.
Neil A. Hansen Vice President - Investor Relations and Secretary
Held current title since: July 1, 2018 Age: 45
Mr. Neil A. Hansen was Thailand Lead Country Manager and Business Services Manager, Esso (Thailand) Public Company Ltd. July 1, 2014 - March 31, 2017. He was Controller, ExxonMobil Fuels, Lubricants & Specialties Marketing Company April 1, 2017 - December 31, 2017. He was Value Chain Controller, ExxonMobil Fuels & Lubricants Company January 1, 2018 - June 30, 2018. He became Vice President - Investor Relations and Secretary of Exxon Mobil Corporation on July 1, 2018, positions he continue...
Liam M. Mallon Vice President
Held current title since: April 1, 2019 Age: 57
Mr. Liam M. Mallon was Executive Vice President, ExxonMobil Development Company February 1, 2014 - December 31, 2016. He was President of ExxonMobil Development Company January 1, 2017 - March 31, 2019. He became President of ExxonMobil Upstream Oil & Gas Company and Vice President of Exxon Mobil Corporation on April 1, 2019, positions he continues to hold as of this filing date.
Karen T. McKee Vice President
Held current title since: April 1, 2019 Age: 53
Ms. Karen T. McKee was Vice President, Basic Chemicals, ExxonMobil Chemical Company. May 1, 2014 - July 31, 2017. She was Senior Vice President, Basic Chemicals, Integration & Growth, ExxonMobil Chemical Company August 1, 2017 - March 31, 2019. She became President of ExxonMobil Chemical Company and Vice President of Exxon Mobil Corporation on April 1, 2019, positions she continues to hold as of this filing date.
Bryan W. Milton Vice President
Held current title since: August 1, 2016 Age: 55
Mr. Bryan W. Milton was President of ExxonMobil Global Services Company April 1, 2011 - July 31, 2016. He was President of ExxonMobil Fuels, Lubricants & Specialties Marketing Company and Vice President of Exxon Mobil Corporation August 1, 2016 - December 31, 2017. He became President of ExxonMobil Fuels & Lubricants Company and Vice President of Exxon Mobil Corporation on January 1, 2018, positions he continues to hold as of this filing date.
David S. Rosenthal Vice President and Controller
Held current title since: October 1, 2008 (Vice President) Age: 63
Mr. David S. Rosenthal was Vice President - Investor Relations and Secretary of Exxon Mobil Corporation October 1, 2008 - August 31, 2014. He became Vice President and Controller of Exxon Mobil Corporation on September 1, 2014, positions he continues to hold as of this filing date.
Robert N. Schleckser Vice President and Treasurer
Held current title since: May 1, 2011 Age: 63
Mr. Robert N. Schleckser became Vice President and Treasurer of Exxon Mobil Corporation on May 1, 2011, positions he continues to hold as of this filing date.

James M. Spellings, Jr. Vice President and General Tax Counsel
Held current title since: March 1, 2010 Age: 58
Mr. James M. Spellings, Jr. became Vice President and General Tax Counsel of Exxon Mobil Corporation on March 1, 2010, positions he continues to hold as of this filing date.
Theodore J. Wojnar, Jr. Vice President - Corporate Strategic Planning
Held current title since: August 1, 2017 Age: 60
Mr. Theodore J. Wojnar, Jr. was President of ExxonMobil Research and Engineering Company April 1, 2011 - July 31, 2017. He became Vice President - Corporate Strategic Planning of Exxon Mobil Corporation on August 1, 2017, a position he continues to hold as of this filing date.

Officers are generally elected by the Board of Directors at its meeting on the day of each annual election of directors, with each such officer serving until a successor has been elected and qualified.

PART II

Item 5. Market for Registrant's Common Equity, Related Stockholder Matters and Issuer Purchases of Equity Securities

Reference is made to the "Quarterly Information" portion of the Financial Section of this report and Item 12 in Part III of this report.

Issuer Purchases of Equity Securities for Quarter Ended December 31, 2019
───────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
Total Number of
Shares
Purchased as Maximum Number
Part of Publicly of Shares that May
Total Number of Average Price Announced Yet Be Purchased
Shares Paid per Plans or Under the Plans or
Period Purchased Share Programs Programs
October 2019 - -
November 2019 - -
December 2019 - -

    • (See Note 1)

During the fourth quarter, the Corporation did not purchase any shares of its common stock for the treasury, and did not issue or sell any unregistered equity securities.

Note 1 - On August 1, 2000, the Corporation announced its intention to resume purchases of shares of its common stock for the treasury both to offset shares issued in conjunction with company benefit plans and programs and to gradually reduce the number of shares outstanding. The announcement did not specify an amount or expiration date. The Corporation has continued to purchase shares since this announcement and to report purchased volumes in its quarterly earnings releases. In its earnings release dated February 2, 2016, the Corporation stated it will continue to acquire shares to offset dilution in conjunction with benefit plans and programs, but had suspended making purchases to reduce shares outstanding effective beginning the first quarter of 2016.

Item 6. Selected Financial Data

Years Ended December 31,
2019 2018 2017 2016 2015
──────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────────
(millions of dollars, except per share amounts)
Sales and other operating revenue 255,583 279,332 237,162 200,628 239,854
Net income attributable to ExxonMobil 14,340 20,840 19,710 7,840 16,150
Earnings per common share 3.36 4.88 4.63 1.88 3.85
Earnings per common share - assuming dilution 3.36 4.88 4.63 1.88 3.85
Cash dividends per common share 3.43 3.23 3.06 2.98 2.88
Total assets 362,597 346,196 348,691 330,314 336,758
Long-term debt 26,342 20,538 24,406 28,932 19,925

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.