Exxon Mobil Issues $4.5B in New Notes
Ticker: XOM · Form: 8-K · Filed: 2024-10-08T00:00:00.000Z
Sentiment: neutral
Topics: debt-issuance, financing, notes
Related Tickers: XOM
TL;DR
XOM just dropped $4.5B in new debt across three different note series.
AI Summary
On October 4, 2024, Exxon Mobil Corporation (XOM) filed an 8-K report detailing the issuance of new notes. These include $1.5 billion in 0.524% notes due 2028, $1.5 billion in 0.524% notes due 2032, and $1.5 billion in 1.408% notes due 2039. The filing also includes financial statements and exhibits.
Why It Matters
Exxon Mobil's issuance of new debt indicates its ongoing financing activities and potential for future investments or operational needs.
Risk Assessment
Risk Level: low — This filing is a routine debt issuance and does not present immediate new risks to the company.
Key Numbers
- $4.5B — Total Debt Issued (Aggregate principal amount of notes issued across three series.)
- 0.524% — Interest Rate (2028 & 2032 Notes) (Coupon rate for the notes maturing in 2028 and 2032.)
- 1.408% — Interest Rate (2039 Notes) (Coupon rate for the notes maturing in 2039.)
Key Players & Entities
- Exxon Mobil Corporation (company) — Registrant
- XOM (company) — Ticker Symbol
- $1.5 billion (dollar_amount) — Principal amount of notes due 2028
- $1.5 billion (dollar_amount) — Principal amount of notes due 2032
- $1.5 billion (dollar_amount) — Principal amount of notes due 2039
- October 4, 2024 (date) — Date of earliest event reported
FAQ
What is the total principal amount of debt issued by Exxon Mobil in this filing?
Exxon Mobil issued a total of $4.5 billion in new notes, comprised of $1.5 billion due 2028, $1.5 billion due 2032, and $1.5 billion 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 new notes?
The notes due 2028 and 2032 carry an interest rate of 0.524%, while the notes due 2039 carry 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 October 4, 2024.
What is the primary purpose of this 8-K filing?
This 8-K filing is primarily to report on the 'Other Events' related to the issuance of new debt securities and to include financial statements and exhibits.
From the Filing
0001193125-24-234137.txt : 20241008 0001193125-24-234137.hdr.sgml : 20241008 20241008092301 ACCESSION NUMBER: 0001193125-24-234137 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 21 CONFORMED PERIOD OF REPORT: 20241004 ITEM INFORMATION: Other Events ITEM INFORMATION: Financial Statements and Exhibits FILED AS OF DATE: 20241008 DATE AS OF CHANGE: 20241008 FILER: COMPANY DATA: COMPANY CONFORMED NAME: EXXON MOBIL CORP CENTRAL INDEX KEY: 0000034088 STANDARD INDUSTRIAL CLASSIFICATION: PETROLEUM REFINING [2911] ORGANIZATION NAME: 01 Energy & Transportation 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: 241359300 BUSINESS ADDRESS: STREET 1: 22777 SPRINGWOODS VILLAGE PARKWAY CITY: SPRING STATE: TX ZIP: 77389-1425 BUSINESS PHONE: 9729406000 MAIL ADDRESS: STREET 1: 22777 SPRINGWOODS VILLAGE PARKWAY CITY: SPRING STATE: TX ZIP: 77389-1425 FORMER COMPANY: FORMER CONFORMED NAME: EXXON CORP DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: STANDARD OIL CO OF NEW JERSEY DATE OF NAME CHANGE: 19721123 8-K 1 d888049d8k.htm 8-K 8-K EXXON MOBIL CORP false 0000034088 0000034088 2024-10-04 2024-10-04 0000034088 us-gaap:CommonStockMember 2024-10-04 2024-10-04 0000034088 xom:ZeroPointFiveTwoFourPercentNotesDue2028Member 2024-10-04 2024-10-04 0000034088 xom:ZeroPointFiveTwoFourPercentNotesDue2032Member 2024-10-04 2024-10-04 0000034088 xom:OnePointFourZeroEightPercentNotesDue2039Member 2024-10-04 2024-10-04     UNITED STATES 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): October 4, 2024     Exxon Mobil Corporation (Exact name of registrant as specified in its charter)       New Jersey   1-2256   13-5409005 (State or other jurisdiction of incorporation)   (Commission File Number)   (IRS Employer Identification No.)   22777 Springwoods Village Parkway , Spring , Texas 77389-1425 (Address of principal executive offices) (Zip Code) Registrant’s telephone number, including area code: (972) 940-6000 N/A (Former name or former address, if changed since last report)     Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:   ☐ Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)   ☐ Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)   ☐ Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))   ☐ Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c)) Securities registered pursuant to Section 12(b) of the Act:   Title of Each Class   Trading Symbol   Name of Each Exchange on Which Registered Common Stock, without par value   XOM   New York Stock Exchange 0.524% Notes due 2028   XOM28   New York Stock Exchange 0.835% Notes due 2032   XOM32   New York Stock Exchange 1.408% Notes due 2039   XOM39A   New York Stock Exchange Indicate by check mark whether the registrant is an emerging growth company as defined in Rule 405 of the Securities Act of 1933 (§ 230.405 of this chapter) or Rule 12b-2 of the Securities Exchange Act of 1934 (§ 240.12b-2 of this chapter). Emerging growth company  ☐ If an emerging growth company, indicate by check mark if the registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. ☐     &#