Monitor next 10-Q for any change in leverage ratios and interest coverage. The 50-year put option at 98% par for holders starting September 2027 provides a floor; watch for any rating action by Moody's or S&P for credit quality signals.
Price Chart
Executive Summary
ExxonMobil Holdings Corp (XOM) filed an 8-K reporting the issuance and sale of $185,883,000 aggregate principal amount of Floating Rate Notes due 2076 by its subsidiary Exxon Mobil Corporation, fully and unconditionally guaranteed by ExxonMobil Holdings Corp. The notes were priced at 100.000% of par, sold to underwriters at 99.000%, and carry a floating rate of Compounded SOFR minus 0.450%, maturing September 25, 2076. This is a routine debt capital markets transaction by a highly rated issuer (Aa2/AA-) and has no material impact on common equity holders.
Key Facts
- Issued $185,883,000 aggregate principal amount of Floating Rate Notes due 2076
- Notes priced at 100.000% of par to public; underwriters purchased at 99.000% (1.000% underwriting discount)
- Floating rate = Compounded SOFR minus 0.450%, payable quarterly; maturity September 25, 2076
- Fully and unconditionally guaranteed by ExxonMobil Holdings Corp on senior unsecured basis
- Anticipated ratings: Aa2 (Moody's) and AA- (S&P)
- Trade date September 23, 2026; settlement September 25, 2026 (T+2)
- Underwriters: RBC Capital Markets, Deutsche Bank Securities, J.P. Morgan, Morgan Stanley, UBS
Financial Impact
$185,883,000 in new debt raised; net proceeds to Exxon Mobil after 1.000% underwriting discount (~$184M net)
Risk Factors
- Interest rate risk: floating rate tied to SOFR minus 0.450% — if SOFR rises sharply, issuer's interest cost increases
- Tax event clause allows issuer to shorten maturity if interest deductibility risk arises
Investment Themes
Documents Analyzed
This report is based on 9 SEC documents filed with EDGAR.
| Document | Accession Number |
|---|---|
| 8-K Filing (Primary) | 0001193125-26-402986 |
| Document: d15072dex11.htm | 0001193125-26-402986 |
| Document: d15072dex12.htm | 0001193125-26-402986 |
| Document: d15072d8k.htm | 0001193125-26-402986 |
| Document: d15072dex51.htm | 0001193125-26-402986 |
| Document: d15072dex52.htm | 0001193125-26-402986 |
| Document: 0001193125-26-402986-index-headers.html | 0001193125-26-402986 |
| Document: 0001193125-26-402986-index.html | 0001193125-26-402986 |
| Document: 0001193125-26-402986.txt | 0001193125-26-402986 |
Filters
| Type | Now | ||||
|---|---|---|---|---|---|
Oct 27, 2026 today | SC 13G/A | $180.55 | awaiting T+1 | — | $180.21 (−0.19%) |
Oct 21, 2026 5d ago | Institutional Cluster | $178.23 $183.21 | ▲ +2.79% | ▲ +3.32% | $180.21 (+1.11%) |
Oct 16, 2026 11d ago | DEFA14A | $178.98 $178.28 | ▼ −0.39% | ▼ −0.81% | $180.21 (+0.69%) |
Oct 16, 2026 11d ago | 8-K | $178.98 $178.28 | ▼ −0.39% | ▼ −0.81% | $180.21 (+0.69%) |
Oct 1, 2026 26d ago | ANALYST-DOWNGRADE | $163.82 $164.01 | ▲ +0.12% | ▼ −0.62% | $180.21 (+10.00%) |
Sep 25, 2026 4w ago | 8-K | $162.52 $161.35 | ▼ −0.72% | ▼ −0.54% | $180.21 (+10.88%) |
Aug 28, 2026 8w ago | 8-K | $156.71 $160.95 | ▲ +2.71% | ▲ +3.00% | $180.21 (+15.00%) |
Jul 31, 2026 12w ago | 8-K | $155.44 $155.05 | ▼ −0.25% | ▼ −1.66% | $180.21 (+15.94%) |
Jul 28, 2026 13w ago | ANALYST-DOWNGRADE | $153.04 $156.75 | ▼ −2.42% | ▼ −3.96% | $180.21 (−17.75%) |
Jul 23, 2026 13w ago | Court Ruling | $156.94 $154.77 | ▼ −1.38% | ▼ −1.40% | $180.21 (+14.83%) |
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