Extractive Industries Transparency Initiatives Launches Implementation Guide

HOUSTON, May 13, 2008 (BUSINESS WIRE) -- ExxonMobil today congratulated the Extractive Industries
Transparency Initiative on the launch of its Business Implementation
Guide, an important step in the progress of transparency and good
governance in natural resource development.

"Revenue transparency and accountability in our industry's
relationships with host governments are critically important," said
Rich Kruger, president of ExxonMobil Production Company. "ExxonMobil
supports transparency and is committed to honest and ethical
behavior."

Kruger commented at an industry event to launch the guide,
attended by Dr. Peter Eigen, founder of Transparency International and
chairman of the Extractive Industries Transparency Initiative, a
global coalition for transparency in the extractive industries.

Business and non-governmental organizations and a coalition of
companies, including ExxonMobil, developed the guide under the
leadership of the EITI Secretariat.

Dr. Eigen invited Rex W. Tillerson, chairman and chief executive
of Exxon Mobil Corporation (NYSE:XOM), to co-author the guide's
forward in recognition of the significant contributions by ExxonMobil
to EITI since it was announced by former British Prime Minister Tony
Blair in September 2002.

Kruger said the guide will assist international companies in
conveying expectations and appropriate roles to affiliates around the
world relating to the reporting of payments to governments for a
country's natural resources.

"The primary purpose of EITI is to provide more information on
government revenues to help ensure they're used to benefit citizens of
the country," said Kruger. "But just as important is the culture of
accountability that is created when governments, companies,
non-governmental organizations, international financial institutions
and investor groups work together to improve disclosure and
transparency."

According to EITI, 3.5 billion people live in countries rich in
oil, gas and minerals, which, if developed with good governance, can
generate revenues to foster growth and reduce poverty.

ExxonMobil helped advise the UK's Department for International
Development regarding EITI implementation and was elected to the EITI
board in 2006 by the 15 international oil companies providing
financial support to EITI.

ExxonMobil supports the Group of Eight (G-8) Transparency
Initiative and the United Nations Convention Against Corruption and
has played a leadership role in enhancing revenue transparency in
countries in which the company has significant investments, including
Chad, Azerbaijan, Kazakhstan, Nigeria and Equatorial Guinea.

SOURCE: Exxon Mobil Corporation

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