ExxonMobil Starts Production at Hebron Field

• Project expects to produce up to 150,000 barrels of oil per day at peak
• Project achieved more than 40 million hours without a lost-time injury
• Project completed ahead of schedule

IRVING, Texas–(BUSINESS WIRE)–Exxon
Mobil Corporation (NYSE:XOM) today announced that the Hebron project
started production safely and ahead of schedule. At its peak, the
project will produce up to 150,000 barrels of oil per day.

Discovered in 1980, the Hebron field is estimated to contain more than
700 million barrels of recoverable resources. The Hebron platform
consists of a stand-alone gravity-based structure, which supports an
integrated topsides deck that includes living quarters and drilling and
production facilities. The platform has storage capacity of 1.2 million
barrels of oil.

The platform is located about 200 miles (350 kilometers) offshore
Newfoundland and Labrador in water depths of about 300 feet (92 meters).

“The successful startup of the Hebron project demonstrates ExxonMobil’s
disciplined project management expertise and highlights its ability to
execute large-scale energy developments safely and responsibly in
challenging operating conditions,” said Liam Mallon, president of
ExxonMobil Development Company. “We thank the project’s co-venturers for
their expertise and support, as well as the employees and contractors
who supported construction of the facility, its tow out to the field and
drilling of the initial wells.”

During its eight-year engineering, construction and startup phase, the
Hebron project contracted hundreds of vendors throughout the province of
Newfoundland and Labrador and created about 7,500 jobs during the peak
of the construction phase. The project achieved more than 40 million
hours without a lost-time injury during construction.

“The local and international contractors played a critical role in
helping to complete the Hebron project ahead of schedule,” Mallon said.
“By leveraging their expertise, we were able to bring this world-class
platform online safely and successfully.”

Hebron is operated by ExxonMobil affiliate, ExxonMobil Canada
Properties, which holds 35.5 percent equity in the project. Chevron
Canada Limited holds 29.6 percent interest, Suncor Energy Inc. holds 21
percent, Statoil Canada Ltd. has 9 percent and Nalcor Energy-Oil and Gas
Inc. has 4.9 percent.

About ExxonMobil

ExxonMobil, the largest publicly traded international energy company,
uses technology and innovation to help meet the world’s growing energy
needs. ExxonMobil holds an industry-leading inventory of resources, is
one of the largest refiners and marketers of petroleum products and its
chemical company is one of the largest in the world. For more
information, visit www.exxonmobil.com
or follow us on Twitter www.twitter.com/exxonmobil.

Cautionary statement: Statements that
reference future events or conditions in this press release are
forward-looking statements. Actual future results, including project
plans, production rates and resource recoveries may differ significantly
from the forecasts, depending on changes in oil or gas prices and other
market or economic factors that affect the petroleum industry; reservoir
performance; unexpected technical difficulties or other technical or
operating factors; the actions of governmental authorities or regulatory
agencies; and other factors listed under the heading “Factors Affecting
Future Results” on the Investor page at the ExxonMobil website at www.exxonmobil.com
and in Item 1A of ExxonMobil’s most recent Form 10-K. References to
barrels of oil, recoverable resources and other quantities of oil or gas
in this release include volumes that are not yet classified as proved
reserves under SEC definitions, but that we believe will ultimately be
produced.

Contacts

ExxonMobil
Media Relations, 972-940-6007