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Exxon MobilCorp (EXX)

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Monday 06 February, 2006

Exxon MobilCorp

ExxonMobil Scholarship Endowment Honoring Raymond

Exxon Mobil Corporation

Exxon Mobil Corporation Endows Scholarship Awards to Honor Lee R. Raymond,
Retired Exxon Mobil Corporation Chairman & CEO; $2.5 Million Gift Will Endow
Scholarship Fund Within the Teagle Foundation

Exxon Mobil Corporation is establishing a $2.5 million endowment in the Teagle
Foundation to fund scholarship awards in honor of Lee. R. Raymond, recently
retired chairman of the board and CEO of Exxon Mobil Corporation. The
scholarships, to be named the L. R. Raymond Awards in the Teagle Scholarship
Program, are to be awarded on an academically competitive basis to children of
ExxonMobil employees. The gift permanently endows a major part of the Teagle
Scholarship Program, one of several higher education initiatives within the
Teagle Foundation.

'We are very grateful for this gift from ExxonMobil which will help the Teagle
Foundation carry on its long-standing commitment to high academic achievement
and access to quality education,' stated Robert Connor, president of the Teagle

The naming of the awards is recognition of Mr. Raymond's extraordinary
contributions to ExxonMobil as chairman and his lifelong interest in education.
As with prior chairmen, Lee R. Raymond continued the tradition of enthusiastic
support for educational opportunity and philanthropy. He has been very involved
in minority education, and served on the board of the National Action Council
for Minorities in Engineering for ten years. He also served on the board of the
United Negro College Fund and the College Board's National Task Force on
Minority High Achievement. His other efforts include board membership of the
University of Wisconsin Alumni Research Foundation, the National Advisory
Council for the American Society for Engineering Education and prior service as
a Southern Methodist University Trustee.

As chairman of the board and CEO, Raymond has provided leadership and support
for ExxonMobil's philanthropic contributions. In 2004, ExxonMobil Foundation,
Exxon Mobil Corporation, and its divisions and affiliates provided $106.5
million in contributions worldwide, with $40 million dedicated to education.
Education initiatives include grants to improve the teaching and learning of
science, technology, engineering and mathematics; support for organizations that
seek to improve career opportunities for minorities and women; and a matching
gift program to higher education for employees and retirees.

About the Teagle Scholarship Program

Each year the Teagle Foundation, an independent philanthropy based in New York
City, makes awards to college-bound students who are children of ExxonMobil
employees and have distinguished themselves in a competitive selection process
run by the Educational Testing Service (ETS). Over a hundred awards are made in
a typical year, with a total budget for the program over $500,000.

Questions about the program should be directed to the ETS office of Scholarship
& Recognition Programs at (609) 771-7878.

About Exxon Mobil Corporation

Exxon Mobil Corporation is a leading international energy company whose
subsidiaries have operations in approximately 200 countries and territories. In
the United States, ExxonMobil has significant exploration and production,
refining and marketing and chemicals operations. ExxonMobil is one of the
largest oil and gas producers and reserve holders in the United States, with a
portfolio including Alaska, onshore Gulf Coast and deepwater Gulf of Mexico. In
addition, there are approximately 16,000 Exxon and Mobil branded service
stations in the U.S., as well as seven refineries, four of which are integrated
petrochemical facilities.

For more information about ExxonMobil, please visit the company's website at

About the Teagle Foundation

In addition to the Teagle Scholarship Program, the bulk of the Teagle
Foundation's work is concentrated on providing intellectual and financial
leadership for the promotion and strengthening of liberal education. The
Foundation was established in 1944 by Walter C. Teagle, who had served as
president of Standard Oil and later as its chairman. Mr. Teagle gave the
Foundation great latitude and independence in pursuing its mandate of advancing
'the well-being and general good of mankind.' Over the years the Foundation has
supported many causes, but always maintained Mr. Teagle's interests in higher
education, and in providing financial assistance to family members of employees
of his corporation who were 'desirous of obtaining some form of educational

For more information about the Teagle Foundation, visit its website at
    CONTACT: ExxonMobil, Irving
             Mark Boudreaux, 972-444-1107

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