ExxonMobil Acquires Crude Oil Terminal to Serve Growing Permian Basin Production

Exxon
Mobil Corporation (NYSE:XOM) announced today that it has acquired a
crude oil terminal in Wink, Texas from Genesis Energy LP. The terminal
is located in the rapidly growing Delaware Basin, part of Permian Basin
– one of the most prolific plays in the United States.

The terminal is strategically positioned to handle Permian Basin crude
oil and condensate for transport to Gulf Coast refineries and marine
export terminals. The facility is interconnected to the Plains Alpha
Crude Connector pipeline system, and is permitted for 100,000 barrels
per day of throughput with the ability to expand.

“The terminal provides crude producers with a full range of logistical
options including truck, rail and inbound and outbound pipeline access,
not only for ExxonMobil’s production, but for all Permian Basin
producers,” said Gerald Frey, president of ExxonMobil Pipeline Company.
“It also provides shippers with efficient and cost-effective access to
market destinations in the Gulf region.”

This acquisition marks ExxonMobil’s first terminal in the Permian Basin
to be anchored by the corporation’s newly acquired Delaware Basin
acreage, previously announced in January.

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 and resource developments, may differ significantly depending on
changes in oil or gas prices and other market or economic factors that
affect the petroleum industry; the outcome of exploration and
development programs; reservoir performance; unexpected technical
difficulties or other technical or operating factors; the actions of
governmental authorities or regulatory agencies; the actions of
competitors; 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.

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