Exxon Mobil issues $185.9M floating rate notes due 2076

Exxon Mobil Corporation has issued $185,883,000 in aggregate principal amount of Floating Rate Notes due 2076, a move that extends the company's debt maturity profile significantly into the distant future. The issuance was executed under an underwriting agreement dated September 23, 2026, and is fully and unconditionally guaranteed by its parent, ExxonMobil Holdings Corporation.

The notes are being sold to the public by a syndicate managed by five financial institutions: RBC Capital Markets, Deutsche Bank Securities, J.P. Morgan Securities, Morgan Stanley, and UBS Securities. ExxonMobil Holdings Corporation filed the details of the transaction with the Securities and Exchange Commission on September 25, 2026, identifying the new securities as a distinct class of debt alongside its existing registered notes.

The transaction relies on an existing indenture framework originally established by Exxon Mobil Corporation on March 20, 2014, with Deutsche Bank Trust Company Americas serving as trustee. This original agreement has been modified twice since inception: first by a supplemental indenture dated June 26, 2020, and most recently by a second supplemental indenture dated July 1, 2026, which involved both Exxon Mobil Corporation and ExxonMobil Holdings Corporation. The specific terms and forms for the new 2076 notes were finalized through an officer’s certificate dated September 25, 2026.

The offering was conducted pursuant to a Registration Statement on Form S-3 that Exxon Mobil Corporation filed with the Commission on February 18, 2026. This registration was subsequently updated by Post-Effective Amendment No. 1 on July 1, 2026. The filing incorporates the Underwriting Agreement and the officer’s certificate by reference into the registration statement, ensuring the legal documentation for the debt issuance is part of the public record.

Legal opinions supporting the validity of the notes were provided by Davis Polk & Wardwell LLP and Timothy Kim, Esq., who serves as Counsel for Corporate matters at both Exxon Mobil Corporation and ExxonMobil Holdings Corporation. These opinions are filed as exhibits to the current report and are also incorporated into the registration statement. The filing was signed by James R. Chapman, Vice President of Corporate Finance and Treasurer at ExxonMobil Holdings Corporation.