RSS icon

Top Stories

Exxon Mobil Pumps $3 Billion Into Pension Plans

The company contributed $3 billion to its pension plans in the quarter ended June 30 and plans to make an additional $600 million contribution by the end of the year.

August 6, 2009
Related Topics: HR Services and Administration, Retirement/Pensions, Workforce Planning, Latest News
Reprints


Exxon Mobil Corp. contributed $3 billion to its pension plans in the quarter ended June 30 and plans to make an additional $600 million contribution by the end of the year, David Rosenthal, vice president-investor relations and secretary, said in a conference call concerning the company’s quarterly financial results.

The Irving, Texas-based company contributed $1 billion in the first quarter, ended March 31, and $4.6 billion in 2008, Rosenthal said in the transcript.

Exxon Mobil’s U.S. pension plans had $6.6 billion in assets and $11 billion in liabilities as of December 31, according to its 10-k.

Exxon Mobil spokesmen couldn’t be reached for comment.


Filed by Barry B. Burr of Pensions & Investments, a sister publication of Workforce Management. To comment, e-mail editors@workforce.com.

Stay informed and connected. Get human resources news and HR features via Workforce Management's Twitter feed or RSS feeds for mobile devices and news readers

Comments powered by Disqus

Hr Jobs

Loading
View All Job Listings