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1.0.0.3 false Litigation and Other Contingencies false 1 $ false false iso4217_USD Standard http://www.xbrl.org/2003/iso4217 USD iso4217 0 iso4217_USD_per_shares Divide http://www.xbrl.org/2003/iso4217 USD iso4217 http://www.xbrl.org/2003/instance shares 0 shares Standard http://www.xbrl.org/2003/instance shares 0 5 Litigation and Other Contingencies 3 xom_LitigationAndOtherContingenciesTextBlock xom false na duration string Litigation and other contingencies disclosures, including guarantees, commitments and unconditional purchase obligations. false false false false false false false false false 1 false false 0 0 <div> 15. Litigation and Other Contingencies Litigation A variety of claims have been made against ExxonMobil and certain of its consolidated subsidiaries in a number of pending lawsuits. Management has regular litigation reviews, including updates from corporate and outside counsel, to assess the need for accounting recognition or disclosure of these contingencies. The Corporation accrues an undiscounted liability for those contingencies where the incurrence of a loss is probable and the amount can be reasonably estimated. If a range of amounts can be reasonably estimated and no amount within the range is a better estimate than any other amount, then the minimum of the range is accrued. The Corporation does not record liabilities when the likelihood that the liability has been incurred is probable but the amount cannot be reasonably estimated or when the liability is believed to be only reasonably possible or remote. For contingencies where an unfavorable outcome is reasonably possible and which are significant, the Corporation discloses the nature of the contingency and, where feasible, an estimate of the possible loss. ExxonMobil will continue to defend itself vigorously in these matters. Based on a consideration of all relevant facts and circumstances, the Corporation does not believe the ultimate outcome of any currently pending lawsuit against ExxonMobil will have a materially adverse effect upon the Corporation’s operations or financial condition. A number of lawsuits, including class actions, were brought in various courts against Exxon Mobil Corporation and certain of its subsidiaries relating to the accidental release of crude oil from the tanker Exxon Valdez in 1989. All the compensatory claims and the punitive damage award have been paid.   Other Contingencies The Corporation and certain of its consolidated subsidiaries were contingently liable at December 31, 2009, for $8,786 million, primarily relating to guarantees for notes, loans and performance under contracts. Included in this amount were guarantees by consolidated affiliates of $5,629 million, representing ExxonMobil’s share of obligations of certain equity companies.   <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="79%"></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> <td valign="bottom" width="3%"></td> <td></td> <td></td> </tr> <tr> <td valign="bottom" rowspan="3"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="8" align="center">Dec. 31, 2009 <hr style="COLOR: #000000" size="1" noshade="noshade" /></td> </tr> <tr> <td valign="bottom">  </td> <td valign="bottom" colspan="2" align="center">Equity Company Obligations <hr style="COLOR: #000000" size="1" noshade="noshade" /></td> <td valign="bottom">  </td> <td valign="bottom" colspan="2" nowrap="nowrap" align="center"> Other Third-Party Obligations <hr style="COLOR: #000000" size="1" noshade="noshade" /></td> <td valign="bottom">  </td> <td valign="bottom" colspan="2" align="center">Total <hr style="COLOR: #000000" size="1" noshade="noshade" /></td> </tr> <tr> <td valign="bottom">  </td> <td valign="bottom" colspan="8" align="center">(millions of dollars)</td> </tr> <tr> <td height="8"></td> <td height="8" colspan="3"></td> <td height="8" colspan="3"></td> <td height="8" colspan="3"></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> Total guarantees </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">5,629</td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">3,157</td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">8,786</td> </tr> </table> Additionally, the Corporation and its affiliates have numerous long-term sales and purchase commitments in their various business activities, all of which are expected to be fulfilled with no adverse consequences material to the Corporation’s operations or financial condition. Unconditional purchase obligations as defined by accounting standards are those long-term commitments that are noncancelable or cancelable only under certain conditions, and that third parties have used to secure financing for the facilities that will provide the contracted goods or services.   <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%" align="center"> <tr> <td width="82%"></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> <td valign="bottom" width="2%"></td> <td></td> <td></td> </tr> <tr> <td valign="bottom" rowspan="3"> </td> <td valign="bottom">  </td> <td valign="bottom" colspan="11" align="center">Payments Due by Period <hr style="COLOR: #000000" size="1" noshade="noshade" /></td> </tr> <tr> <td valign="bottom">  </td> <td valign="bottom" colspan="2" align="center">2010 <hr style="COLOR: #000000" size="1" noshade="noshade" /></td> <td valign="bottom">  </td> <td valign="bottom" colspan="2" align="center">2011- 2014 <hr style="COLOR: #000000" size="1" noshade="noshade" /></td> <td valign="bottom">  </td> <td valign="bottom" colspan="2" align="center">2015 and Beyond <hr style="COLOR: #000000" size="1" noshade="noshade" /></td> <td valign="bottom">  </td> <td valign="bottom" colspan="2" align="center">Total <hr style="COLOR: #000000" size="1" noshade="noshade" /></td> </tr> <tr> <td valign="bottom">  </td> <td valign="bottom" colspan="11" align="center">(millions of dollars)</td> </tr> <tr> <td height="8"></td> <td height="8" colspan="3"></td> <td height="8" colspan="3"></td> <td height="8" colspan="3"></td> <td height="8" colspan="3"></td> </tr> <tr bgcolor="#CCEEFF"> <td valign="top"> Unconditional purchase obligations (1) </td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">314</td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">902</td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">568</td> <td valign="bottom">  </td> <td valign="bottom">$</td> <td valign="bottom" align="right">1,784</td> </tr> </table>   <table style="BORDER-COLLAPSE: collapse" border="0" cellspacing="0" cellpadding="0" width="100%"> <tr> <td valign="top" width="4%" align="left">(1)</td> <td valign="top" align="left">Undiscounted obligations of $1,784 million mainly pertain to pipeline throughput agreements and include $1,141 million of obligations to equity companies. The present value of these commitments, which excludes imputed interest of $309 million, totaled $1,475 million.</td> </tr> </table> In accordance with a nationalization decree issued by Venezuela’s president in February 2007, by May 1, 2007, a subsidiary of the Venezuelan National Oil Company (PdVSA) assumed the operatorship of the Cerro Negro Heavy Oil Project. This Project had been operated and owned by ExxonMobil affiliates holding a 41.67 percent ownership interest in the Project. The decree also required conversion of the Cerro Negro Project into a “mixed enterprise” and an increase in PdVSA’s or one of its affiliate’s ownership interest in the Project, with the stipulation that if ExxonMobil refused to accept the terms for the formation of the mixed enterprise within a specified period of time, the government would “directly assume the activities” carried out by the joint venture. ExxonMobil refused to accede to the terms proffered by the government, and on June 27, 2007, the government expropriated ExxonMobil’s 41.67 percent interest in the Cerro Negro Project. On September 6, 2007, affiliates of ExxonMobil filed a Request for Arbitration with the International Centre for Settlement of Investment Disputes. An affiliate of ExxonMobil has also filed an arbitration under the rules of the International Chamber of Commerce against PdVSA and a PdVSA affiliate for breach of their contractual obligations under certain Cerro Negro Project agreements. Both arbitration proceedings continue. At this time, the net impact of this matter on the Corporation’s consolidated financial results cannot be reasonably estimated. However, the Corporation does not expect the resolution to have a material effect upon the Corporation’s operations or financial condition. ExxonMobil’s remaining net book investment in Cerro Negro producing assets is about $750 million. </div> 15. Litigation and Other Contingencies Litigation A variety of claims have been made against ExxonMobil and certain of its consolidated subsidiaries in a false false Litigation and other contingencies disclosures, including guarantees, commitments and unconditional purchase obligations. No authoritative reference available. false false 1 1 false UnKnown UnKnown UnKnown false true