Exxon Mobil Issues $3 Billion in New Debt
Ticker: XOM · Form: 8-K · Filed: Jan 7, 2025 · CIK: 34088
| Field | Detail |
|---|---|
| Company | Exxon Mobil Corp (XOM) |
| Form Type | 8-K |
| Filed Date | Jan 7, 2025 |
| Risk Level | low |
| Pages | 1 |
| Reading Time | 2 min |
| Sentiment | neutral |
Sentiment: neutral
Topics: debt-issuance, financing, notes
Related Tickers: XOM
TL;DR
XOM just dropped $3B in new debt across 3 tranches. Debt financing secured.
AI Summary
On January 7, 2025, Exxon Mobil Corporation (XOM) filed an 8-K report detailing the issuance of new debt securities. The company issued $1.0 billion in 0.524% notes due 2028 and $1.0 billion in 0.524% notes due 2032, along with $1.0 billion in 1.408% notes due 2039. These issuances are part of Exxon Mobil's ongoing financing activities.
Why It Matters
Exxon Mobil's issuance of $3 billion in notes indicates its strategy to secure long-term financing, potentially for capital expenditures or to manage its debt structure.
Risk Assessment
Risk Level: low — The filing is a routine debt issuance, which is a common and expected financial activity for a company of Exxon Mobil's size and does not indicate any unusual or negative events.
Key Numbers
- $3.0B — Total Debt Issued (Aggregate principal amount of notes issued across three tranches.)
- 0.524% — Lowest Interest Rate (Interest rate on the notes due 2028 and 2032.)
- 2039 — Longest Maturity Year (Maturity year for the 1.408% notes.)
Key Players & Entities
- Exxon Mobil Corporation (company) — Registrant
- January 7, 2025 (date) — Date of earliest event reported
- $1.0 billion (dollar_amount) — Principal amount of 0.524% notes due 2028
- $1.0 billion (dollar_amount) — Principal amount of 0.524% notes due 2032
- $1.0 billion (dollar_amount) — Principal amount of 1.408% notes due 2039
- 0.524% (interest_rate) — Interest rate for notes due 2028 and 2032
- 1.408% (interest_rate) — Interest rate for notes due 2039
FAQ
What is the total principal amount of debt issued by Exxon Mobil in this filing?
Exxon Mobil issued a total of $3.0 billion in debt, comprising $1.0 billion in 0.524% notes due 2028, $1.0 billion in 0.524% notes due 2032, and $1.0 billion in 1.408% notes due 2039.
What are the maturity dates for the newly issued notes?
The notes have maturity dates in 2028, 2032, and 2039.
What are the interest rates for the different note issuances?
The notes due 2028 and 2032 carry an interest rate of 0.524%, while the notes due 2039 have an interest rate of 1.408%.
When was the earliest event reported in this 8-K filing?
The earliest event reported in this 8-K filing was on January 7, 2025.
What is the primary purpose of this 8-K filing?
This 8-K filing is a current report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934, specifically for a Regulation FD Disclosure, detailing the issuance of debt securities.
Filing Stats: 419 words · 2 min read · ~1 pages · Grade level 10.8 · Accepted 2025-01-07 16:47:01
Filing Documents
- xom-20250107.htm (8-K) — 37KB
- f8k4q991010725.htm (EX-99.1) — 33KB
- 0000034088-25-000003.txt ( ) — 249KB
- xom-20250107.xsd (EX-101.SCH) — 3KB
- xom-20250107_def.xml (EX-101.DEF) — 16KB
- xom-20250107_lab.xml (EX-101.LAB) — 30KB
- xom-20250107_pre.xml (EX-101.PRE) — 17KB
- xom-20250107_htm.xml (XML) — 5KB
01 Regulation FD Disclosure
Item 7.01 Regulation FD Disclosure. The following information is furnished pursuant to Item 7.01. 2 INDEX TO EXHIBITS Exhibit No. Description 99.1 Exxon Mobil Corporation 4Q24 Earnings Considerations. 104 Cover Page Interactive Data File (formatted as Inline XBRL). 3 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 MOBIL CORPORATION Date: January 7, 2025 By: /s/ LEN M. FOX Len M. Fox Vice President, Controller and Tax (Principal Accounting Officer) 4