Exxon Mobil Corp said it will contribute $1.4 billion to its U.S. defined benefit pension funds and $800 million to its non-U.S. plans in 2014, according to a filing it made Wednesday with the U.S. Securities and Exchange Commission.

As of December 31, 2013, Exxon’s U.S. pension funds had $11.2 billion in assets and $17.3 billion in liabilities.

The funded status of 64.7% at the end of the year was up from 63.9% a year earlier, Exxon reported.

The non-U.S. plans had $19.28 billion in assets and $27.36 billion in liabilities for a funded status of 70.5%, up from 63.1% at the end of the 2012.

The U.S. pension funds had an asset allocation of 49.1% fixed income, 23.5% international equity, 22.5% domestic equity, 4.7% private equity and 0.2% cash at the end of the year.

The asset allocation for the non-U.S. plans was 49.8% fixed income, 30.6% non-U.S. equity, 15.8% U.S. equity, 2.6% private equity, 0.7% real estate and the rest in cash, Exxon said.


Leave a Reply