Exxon Mobil Issues $3 Billion in New Debt

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

From the Filing

0000034088-25-000003.txt : 20250107 0000034088-25-000003.hdr.sgml : 20250107 20250107164701 ACCESSION NUMBER: 0000034088-25-000003 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 15 CONFORMED PERIOD OF REPORT: 20250107 ITEM INFORMATION: Regulation FD Disclosure FILED AS OF DATE: 20250107 DATE AS OF CHANGE: 20250107 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: 25515433 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 xom-20250107.htm FORM 8-K xom-20250107 FALSE 0000034088 0000034088 2025-01-07 2025-01-07 0000034088 us-gaap:CommonStockMember 2025-01-07 2025-01-07 0000034088 xom:ZeroPointFiveTwoFourPercentNotesDue2028Member 2025-01-07 2025-01-07 0000034088 xom:ZeroPointFiveTwoFourPercentNotesDue2032Member 2025-01-07 2025-01-07 0000034088 xom:OnePointFourZeroEightPercentNotesDue2039Member 2025-01-07 2025-01-07 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): January 7, 2025   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     (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:     Name of Each Exchange Title of Each Class Trading Symbol 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. ☐ Item 7.01 Regulation FD Disclosure.   The following information is furnished pursuant to Item 7.01.   2 INDEX TO EXHIBITS       Exhibit No. Description     99