NEW YORK (Standard&Poor's) Nov. 14, 2003—Standard&Poor's Ratings Services said today that its ratings and outlook on Exxon Mobil Corp. (AAA/Stable/A-1+) would remain unchanged following an $11.9 billion judgment against the company in Alabama District Court. Standard&Poor's expects that the ultimate award for punitive damages will likely total a more reasonable multiple of the $63 million in compensatory damages awarded by the jury. Nevertheless, Standard&Poor's will monitor the case, which will include an evidentiary hearing regarding the reasonableness of the award and possible appeals to the Alabama Supreme Court and U.S. Supreme Court. If Exxon Mobil were required to post a bond of $11.9 billion through the appeal process, Standard&Poor's believes
