Controls & Procedures

Compliance Review Summary: Disclosure Controls and Internal Control Over Financial Reporting (ICFR)

Management Conclusions on Effectiveness:

Disclosure Controls and Procedures: Management concluded that the Corporation's disclosure controls and procedures are effective as of December 31, 2020. These controls ensure that required information is accumulated and communicated to management in a timely manner for decision-making, and that this information is recorded, processed, summarized, and reported within specified SEC time periods.
Internal Control Over Financial Reporting (ICFR): Management concluded that Exxon Mobil Corporation's internal control over financial reporting was effective as of December 31, 2020, based on the Internal Control - Integrated Framework (2013).

Material Weaknesses and Significant Deficiencies:

No material weaknesses or significant deficiencies in internal controls were identified or reported within this section.

Changes to Controls During Reporting Period:

Noteworthy Change: 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.

Remediation Efforts and New Procedures:

No remediation efforts were required as no weaknesses were identified.
The document does not detail any noteworthy new controls or procedures introduced during this period.

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, 2020. 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, 2020.
PricewaterhouseCoopers LLP, an independent registered public accounting firm, audited the effectiveness of the Corporation's internal control over financial reporting as of December 31, 2020, 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.

Exxon Mobil Corp Controls & Procedures Analysis

Controls & Procedures