Exxon Mobil Corp., Irving, Texas, expects to contribute $560 million to its non-U.S. pension funds in 2015, the company said in its recently filed 10-K.
The company did not disclose any planned contributions for its U.S. pension funds.
The oil and gas corporation contributed $1.48 billion and $554 million to its U.S. and non-U.S. pension funds in 2014, respectively, according to the filing.
At the end of 2014, the company's U.S. defined benefit plans had $12.92 billion in assets and $20.53 billion in obligations for a funding ratio of 62.9%.
As of the same date, the non-U.S. pension funds had $20.1 billion in assets and $30.05 billion in obligations for a funding ratio of 66.9%.
The discount rate used to determine benefit obligations was 4% and 3.1% for the U.S. plans and non-U.S. plans, respectively, down from 5% and 4.3% a year earlier.
As of Dec. 31, the U.S. pension funds had an asset allocation of 37.5% corporate debt, 22.4% government debt, 18.1% U.S. equity, 16.6% international equity, 4.4% private equity, and the rest in cash and asset-backed debt securities.
Meanwhile, the non-U.S. pension funds had an asset allocation of 46.3% government debt, 19.9% international equity, 16.3% U.S. equity, 13.4% corporate debt, 2.7% private equity, 0.7% asset-backed debt securities, 0.3% real estate funds and the remainder in cash.
