ExxonMobil Holdings Corporation entered into an underwriting agreement on September 23, 2026, covering the issuance and sale by its subsidiary, Exxon Mobil Corporation, of $185,883,000 aggregate principal amount of Floating Rate Notes due 2076. The notes are to be fully and unconditionally guaranteed by ExxonMobil Holdings Corporation. An officer’s certificate dated September 25, 2026 established the notes’ terms and forms.
ExxonMobil Holdings Corp. is the parent guarantor for Exxon Mobil Corporation’s offering of $185,883,000 principal amount of floating-rate notes due September 25, 2076. The notes are unsecured obligations of Exxon Mobil Corporation and are fully and unconditionally guaranteed on a senior unsecured basis by the parent. Interest is payable quarterly in arrears at Compounded SOFR minus 0.450% per year, with a floor of zero, beginning December 25, 2026. Exxon Mobil Corporation estimates net proceeds of approximately $183.4 million after underwriting discounts, commissions and estimated offering expenses, for general corporate purposes.
The notes rank equally with the issuer’s other unsecured and unsubordinated debt, but are effectively subordinated to secured debt and subsidiary liabilities. Holders may require repayment beginning September 25, 2027, at scheduled prices; Exxon Mobil Corporation may redeem the notes beginning September 25, 2056. The notes will not be exchange-listed, and no public market currently exists; underwriters may make a market but are not obligated to do so.
ExxonMobil Holdings Corporation (XOM), through its principal operating company Exxon Mobil Corporation, is offering Floating Rate Notes due September 2076, fully and unconditionally guaranteed on a senior unsecured basis by ExxonMobil Holdings Corporation. The notes pay quarterly interest at a rate equal to Compounded SOFR minus a stated margin, with the rate floored at zero.
Holders have extensive put rights: they may require repayment in whole or in part beginning in September 2027 and on specified March and September dates through September 2037 at 98–100% of principal, and biennially thereafter through September 2073 at 100% of principal, plus accrued interest. Exxon Mobil Corporation may, at its option, redeem the notes on or after September 2056 at step-down premiums starting at 105% of principal, declining to par. A “tax event” allows the issuer to shorten the final maturity while repaying at 100% of principal plus accrued interest. The notes are senior unsecured obligations of Exxon Mobil Corporation, guaranteed by the parent, structurally subordinated to subsidiary liabilities, and will not be listed on any securities exchange. Net proceeds are expected to be used for general corporate purposes.
ExxonMobil Holdings Corporation (XOM), through its wholly owned subsidiary XTO Energy Inc., is fully redeeming three outstanding XTO senior note issues. XTO has called for redemption of its 6.10% Senior Notes due 2036, 6.75% Senior Notes due 2037, and 6.375% Senior Notes due 2038.
On September 27, 2026, all then-outstanding notes will be repurchased for cash at 100% of principal plus a defined Make-Whole Amount and accrued and unpaid interest to the redemption date. After that date, interest on the redeemed notes will cease to accrue, assuming payment is made.
ExxonMobil reported strong second-quarter 2026 results, with net income attributable to ExxonMobil of $14.5 billion on revenues and other income of $116.0 billion, up sharply from the prior year period. Diluted earnings per share were $3.48 versus $1.64 a year earlier.
For the first six months of 2026, net income attributable to ExxonMobil was $18.7 billion on $201.2 billion of revenues and other income. Operating cash flow reached $32.3 billion, supporting $13.0 billion of cash capital expenditures, $8.6 billion of dividends, and $10.0 billion of share repurchases. Total debt was $42.4 billion and the net debt to capital ratio was 10.7% as of June 30, 2026.
Upstream earnings rose to $7.9 billion in the quarter, helped by higher crude realizations and growth in Guyana and the Permian, partly offset by Middle East disruptions and higher depreciation. Energy Products earnings increased to $5.5 billion on very strong refining margins, while Chemical Products and Specialty Products earnings improved to $1.1 billion and $1.0 billion, respectively. Management reports cumulative $16.3 billion in structural cost savings versus 2019 and completed a redomiciliation so that ExxonMobil Holdings Corporation, a Texas corporation, is now the publicly traded parent.
ExxonMobil Holdings Corporation reported second‑quarter 2026 earnings of $14.5 billion, or $3.48 per diluted share. Adjusted earnings were $14.7 billion, or $3.52 per share. Cash flow from operating activities reached $23.6 billion, generating $17.2 billion of free cash flow.
Shareholder distributions totaled $9.4 billion, including $4.3 billion of dividends and $5.1 billion of share repurchases, and a third‑quarter dividend of $1.03 per share was declared. Estimated cumulative structural cost savings since 2019 reached $16.3 billion. Segment earnings in 2Q26 were led by Upstream at $7.9 billion and Energy Products at $5.5 billion, reflecting highest Upstream production in more than two decades (excluding Middle East disruptions), record Permian production of more than 1.8 Moebd, and record second‑quarter diesel output.
ExxonMobil Holdings Corporation outlines factors expected to affect 2Q 2026 results versus 1Q 2026, using 1Q as a baseline. 1Q26 U.S. GAAP earnings were $4.2 billion, including Upstream $5.7 billion, Energy Products $(1.3) billion, Chemical Products $0.1 billion, Specialty Products $0.7 billion, and Corporate & Financing $(1.1) billion. After removing identified Middle East impacts and estimated timing effects, 1Q26 adjusted earnings were $8.8 billion.
For 2Q26, management estimates market-driven impacts including a $3.5–$3.9 billion benefit from higher liquids prices in Upstream, a $2.0–$2.4 billion margin benefit in Energy Products, $1.0–$1.2 billion in Chemical Products, and $0.3–$0.5 billion in Specialty Products. Planned maintenance is expected to modestly reduce segment earnings, and volume-related disruptions from Middle East events are estimated to have negative impacts across Upstream and Energy Products.
2Q26 “Identified Items” may include Energy Products impairments of $(1.0)–$(0.8) billion, other charges and reserves in multiple segments, and additional Middle East impacts. The company also details “timing effects” from hedging and LIFO inventory accounting, noting these effects typically reverse over subsequent quarters and that trading and optimization activities have historically delivered positive earnings excluding timing. ExxonMobil plans to release full 2Q26 financial results around 5:30 a.m. CT on July 31, 2026 via its website and an SEC filing.