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Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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<SEC-DOCUMENT>0000034088-96-000005.txt : 19961028
<SEC-HEADER>0000034088-96-000005.hdr.sgml : 19961028
ACCESSION NUMBER: 0000034088-96-000005
CONFORMED SUBMISSION TYPE: 8-K
PUBLIC DOCUMENT COUNT: 1
CONFORMED PERIOD OF REPORT: 19960924
ITEM INFORMATION: Other events
FILED AS OF DATE: 19960927
SROS: BSE
SROS: CSE
SROS: NYSE
SROS: PHLX
SROS: PSE
FILER:
COMPANY DATA:
COMPANY CONFORMED NAME: EXXON CORP
CENTRAL INDEX KEY: 0000034088
STANDARD INDUSTRIAL CLASSIFICATION: 2911
IRS NUMBER: 135409005
STATE OF INCORPORATION: NJ
FISCAL YEAR END: 1231
FILING VALUES:
FORM TYPE: 8-K
SEC ACT: 1934 Act
SEC FILE NUMBER: 001-02256
FILM NUMBER: 96636239
BUSINESS ADDRESS:
STREET 1: 5959 LAS COLINAS BLVD
CITY: IRVING
STATE: TX
ZIP: 75062-2298
BUSINESS PHONE: 9724441000
MAIL ADDRESS:
STREET 1: P O BOX 4276
CITY: HOUSTON
STATE: TX
ZIP: 77210-4276
FORMER COMPANY:
FORMER CONFORMED NAME: STANDARD OIL CO OF NEW JERSEY
DATE OF NAME CHANGE: 19721123
</SEC-HEADER>
<DOCUMENT>
<TYPE>8-K
<SEQUENCE>1
<TEXT>
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549
FORM 8-K
CURRENT REPORT
PURSUANT TO SECTION 13 OR 15(d) OF THE
SECURITIES EXCHANGE ACT OF 1934
Date of report (Date of earliest event reported) September 24, 1996
__________________
EXXON CORPORATION
______________________________________________________________________
(Exact name of registrant as specified in charter)
New Jersey 1-2256 13-5409005
_______________________________________________________________________
(State or other (Commission (IRS Employer
jurisdiction of incorpo file number) Identification No.)
5959 Las Colinas Boulevard, Irving, Texas 75039-2298
________________________________________________________________________
(Address of principal executive offices) (Zip Code)
Registrant's telephone number, including area code (972)444-1000
____________
<PAGE>
Item 5: Other Events
On September 24, 1996, the United States District Court for the District
of Alaska entered a judgment in the amount $5,057,571,930 in the Exxon
Valdez civil trial that began in May 1994. The District Court awarded
approximately $19.6 million in compensatory damages, $38 million in
prejudgment interest on the compensatory damages and $5 billion in
punitive damages, and ordered that these awards shall bear interest from
and after entry of the judgment. On September 27, 1996, the
District Court stayed execution on the judgment pending appeal,
contingent on the posting of a $6.75 billion letter of credit which the
corporation is arranging. Exxon will appeal the judgment. The
corporation continues to believe that the punitive damages in this case
are unwarranted and that the judgment should be set aside or
substantially reduced by the appellate courts.
The ultimate cost to the corporation from the lawsuits arising from the
Exxon Valdez grounding is not possible to predict and may not be
resolved for a number of years. For additional information regarding
these lawsuits see note 3 to the consolidated financial statements
included in the corporation's Quarterly Report on Form 10-Q for the
quarter ended June 30, 1996.
SIGNATURE
Pursuant to the requirements of the Securities Exchange Act of 1934,
the registrant has duly caused this report to be signed on its behalf by
the undersigned hereunto duly authorized.
EXXON CORPORATION
/s/ W. Bruce Cook
_________________________________________
W. Bruce Cook, Vice President, Controller
and Principal Accounting Officer
Date: September 27, 1996
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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