{"id":43843,"date":"2015-09-17T11:25:58","date_gmt":"2015-09-17T16:25:58","guid":{"rendered":"https:\/\/content.findlaw-admin.com\/ability-legal\/contracts\/uncategorized\/opinion-letter-outside-counsel-s-4-registered-securities10.html"},"modified":"2015-09-17T11:25:58","modified_gmt":"2015-09-17T16:25:58","slug":"opinion-letter-outside-counsel-s-4-registered-securities10","status":"publish","type":"corporate_contracts","link":"https:\/\/corporate.findlaw.com\/contracts\/securities\/opinion-letter-outside-counsel-s-4-registered-securities10.html","title":{"rendered":"Opinion Letter – Outside Counsel – S-4 Registered Securities – Exxon Mobil Corp."},"content":{"rendered":"\n\n\n\n\n
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Davis Polk & Wardwell LLP<\/p>\n

450 Lexington Avenue<\/p>\n

New York, NY 10017<\/p>\n<\/td>\n

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May 20, 2010<\/p>\n<\/td>\n<\/tr>\n

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Re:<\/p>\n<\/td>\n

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Registration Statement on Form S-4<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Exxon Mobil Corporation<\/p>\n

5959 Las Colinas Boulevard<\/p>\n

Irving, Texas 75039-2298<\/p>\n

Ladies and Gentlemen:<\/p>\n

We have acted as counsel to Exxon Mobil Corporation, a New Jersey corporation
\n(“Parent<\/strong>“), in connection with (i) the Merger, as defined and
\ndescribed in the Agreement and Plan of Merger dated as of December 13, 2009 (the
\n“Merger Agreement<\/strong>“) among Parent, ExxonMobil Investment
\nCorporation, a Delaware corporation and a wholly-owned subsidiary of Parent
\n(“Merger Subsidiary<\/strong>“) and XTO Energy Inc., a Delaware
\ncorporation (“Company<\/strong>“) and (ii) the preparation and filing of
\nthe related Registration Statement on Form S-4 (the “Registration
\nStatement<\/strong>“), which includes the Proxy Statement\/Prospectus (the
\n“Proxy Statement\/Prospectus<\/strong>“), filed with the Securities and
\nExchange Commission (the “Commission<\/strong>“). Unless otherwise
\nindicated, each capitalized term used herein has the meaning ascribed to it in
\nthe Merger Agreement.<\/p>\n

In connection with this opinion, we have examined the Merger Agreement, the
\nRegistration Statement, the Proxy Statement\/Prospectus, the representation
\nletters of Parent (together with Merger Subsidiary) and the Company delivered to
\nus for purposes of this opinion (the “Representation Letters<\/strong>“)
\nand such other documents as we have deemed necessary or appropriate in order to
\nenable us to render our opinion. In such examination, we have assumed the
\ngenuineness of all signatures, the legal capacity of natural persons, the
\nauthenticity of all documents submitted to us as originals, the conformity to
\noriginal documents of all documents submitted to us as duplicates or certified
\nor conformed copies, and the authenticity of the originals of such latter
\ndocuments. We have not, however, undertaken any independent investigation of any
\nfactual matter set forth in any of the foregoing. For purposes of this opinion,
\nwe have assumed, with your permission, (i) that the Merger will be consummated
\nin the manner described in Merger Agreement and the Proxy Statement\/Prospectus,
\n(ii) the statements concerning the Merger set forth in the Merger Agreement and
\nthe Proxy Statement\/Prospectus are true, complete and correct and will remain
\ntrue, complete and correct at all times up to and including the Effective Time,
\n(iii) that the representations made by Parent (together with Merger Subsidiary)
\nand the Company pursuant to Section 8.06(b) of the Merger<\/p>\n

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Exxon Mobil Corporation<\/p>\n<\/td>\n

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2<\/p>\n<\/td>\n

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May 20, 2010<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n

Agreement are and will be accurate and complete, and (iv) any representations
\nmade in the Merger Agreement or the Representation Letters “to the knowledge
\nof”, or based on the belief of Parent, Merger Subsidiary or the Company or
\nsimilarly qualified are true, complete and correct and will remain true,
\ncomplete and correct at all times up to and including the Effective Time, in
\neach case without such qualification. We have also assumed that the parties have
\ncomplied with and, if applicable, will continue to comply with, the obligations,
\ncovenants, and agreements contained in the Merger Agreement. In addition, our
\nopinion is based solely on the documents that we have examined, the additional
\ninformation that we have obtained, and the representations made and to be made
\nby Parent and the Company referred to above, which we have assumed will be true
\nas of the Effective Time.<\/p>\n

Based upon the foregoing, and subject to the assumptions and qualifications
\nset forth herein, we hereby confirm our opinion set forth in the discussion in
\nthe Proxy Statement\/Prospectus under the heading “Material U.S. Federal Income
\nTax Consequences of the Merger.”<\/p>\n

We express our opinion herein only as to those matters specifically set forth
\nabove and no opinion should be inferred as to the tax consequences of the Merger
\nunder any state, local or foreign law, or with respect to other areas of U.S.
\nfederal taxation. We are members of the Bar of the State of New York, and we do
\nnot express any opinion herein concerning any law other than the federal law of
\nthe United States.<\/p>\n

This opinion is furnished to you solely for use in connection with the
\nRegistration Statement. We hereby consent to the filing of this opinion as an
\nexhibit to the Registration Statement and to the references to our firm name in
\nthe Proxy Statement\/Prospectus in connection with the references to this opinion
\nand the material U.S. federal income tax consequences of the Merger. In giving
\nsuch consent, we do not thereby admit that we are in the category of persons
\nwhose consent is required under Section 7 of the Securities Act of 1933, as
\namended, or the rules and regulations of the Commission thereunder.<\/p>\n\n\n\n\n
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Very truly yours,<\/p>\n

\/s\/ Davis Polk & Wardwell LLP<\/p>\n<\/td>\n<\/tr>\n<\/tbody>\n<\/table><\/p>\n","protected":false},"template":"","meta":{"_acf_changed":false,"_stopmodifiedupdate":true,"_modified_date":"","_cloudinary_featured_overwrite":false},"corporate_contracts_companies":[7496],"corporate_contracts_industries":[9412],"corporate_contracts_types":[9629],"class_list":["post-43843","corporate_contracts","type-corporate_contracts","status-publish","hentry","corporate_contracts_companies-exxon-mobil-corp","corporate_contracts_industries-energy__refining","corporate_contracts_types-securities"],"acf":[],"_links":{"self":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts\/43843","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts"}],"about":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/types\/corporate_contracts"}],"wp:attachment":[{"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/media?parent=43843"}],"wp:term":[{"taxonomy":"corporate_contracts_companies","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_companies?post=43843"},{"taxonomy":"corporate_contracts_industries","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_industries?post=43843"},{"taxonomy":"corporate_contracts_types","embeddable":true,"href":"https:\/\/corporate.findlaw.com\/legal-api\/wp-json\/wp\/v2\/corporate_contracts_types?post=43843"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}