Exxon Mobil names new CFO as Kathryn Mikells plans retirement

Exxon Mobil Corporation announced a planned chief financial officer transition.

Rhea-AI Filing Summary

Exxon Mobil Corporation announced a planned chief financial officer transition. Senior Vice President and CFO Kathryn A. Mikells plans to retire effective February 1, 2026, after undergoing procedures and surgeries for a debilitating but non-life-threatening health issue, and will focus on her recovery.

The company has elected Neil A. Hansen as Senior Vice President and Chief Financial Officer, also effective February 1, 2026. Hansen, age 51, currently serves as President of ExxonMobil Global Business Solutions and has held multiple senior roles in finance, operations and investor relations. He will receive an annual salary of $1.02 million and remain eligible for bonus and long-term equity incentive programs under the same framework that applies to other executive officers.

Insights

Corporate governance and executive compensation analyst

Exxon Mobil discloses an orderly CFO transition with defined pay terms.

Exxon Mobil is managing a planned leadership change in its finance function. Kathryn A. Mikells will retire as Senior Vice President and Chief Financial Officer effective February 1, 2026, citing a debilitating but non-life-threatening health issue and a desire to focus on recovery. This frames the move as personal rather than strategic or performance driven.

The board elected Neil A. Hansen as the next Senior Vice President and CFO, also effective February 1, 2026. His background spans operations and multiple senior finance positions, including controllers, audit, treasurers and investor relations, which supports continuity in financial oversight and market communications.

Hansen’s disclosed compensation includes an annual salary of $1.02 million and eligibility for existing bonus and long-term equity incentive programs, with no separate employment contract. This indicates alignment with the company’s standard executive pay framework and avoids bespoke guarantees, leaving actual realized compensation tied to company and individual performance as outlined in prior proxy materials.

8-K Event Classification

Item 5.02 — Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers

1 item

Item 5.02 Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers Governance

Key personnel changes including departures, elections, or appointments of directors and executive officers.

FAQ

AI-generated questions and answers. How Rhea-AI works. Not financial advice.

What executive leadership change did Exxon Mobil (XOM) announce?

Exxon Mobil disclosed that Kathryn A. Mikells, Senior Vice President and Chief Financial Officer, plans to retire effective February 1, 2026, and that Neil A. Hansen has been elected to succeed her as Senior Vice President and Chief Financial Officer on the same date.

Why is Exxon Mobil CFO Kathryn A. Mikells retiring?

Kathryn A. Mikells is retiring from her role as Senior Vice President and Chief Financial Officer to focus full-time on recovery from a debilitating but non-life-threatening health issue, following a series of procedures and surgeries.

Who is Neil A. Hansen, Exxon Mobil’s incoming CFO, and what is his background?

Neil A. Hansen, age 51, currently serves as President of ExxonMobil Global Business Solutions. He previously served as Senior Vice President, Energy Products for ExxonMobil Product Solutions Company, as Vice President, Europe, Africa & Middle East Fuels, and has held several senior finance roles in controllers, audit, treasurers and investor relations, including as Vice President, Investor Relations and Corporate Secretary.

What compensation will Neil A. Hansen receive as Exxon Mobil’s new CFO?

In connection with his election as Senior Vice President and Chief Financial Officer, Neil A. Hansen will have an annual salary of $1.02 million and will remain eligible for grants under Exxon Mobil’s bonus and long-term equity incentive programs, based on company and individual performance.

Does Neil A. Hansen have an employment contract with Exxon Mobil?

No. The filing states that Mr. Hansen, like other executive officers of the Corporation, will not have an employment contract. His compensation and incentives follow the same programs described in the company’s most recent proxy statement.

What equity-related documents are referenced in this Exxon Mobil 8-K filing?

The filing references Extended Provisions for Restricted Stock Unit Agreements – Settlement in Shares, listed as Exhibit 99.1, which is incorporated by reference from the company’s Form 10-K for 2024 and describes terms and conditions of RSUs for executive officers.

AI-generated analysis. How Rhea-AI works. Not financial advice.

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Accepted by SEC EDGAR 12/09/2025 - 01:16 PM Learn about SEC filing dates

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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): December 8, 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 5.02			Departure of Directors or Certain Officers; Election of Directors; Appointment of Certain Officers; Compensatory Arrangements of Certain Officers.
(b) On December 8, 2025, Kathryn A. Mikells announced her intention to retire from her position as Senior Vice President and Chief Financial Officer (principal financial officer) of the Corporation effective February 1, 2026. In recent months, Ms. Mikells has undergone a series of procedures and surgeries to address a debilitating but non-life-threatening health issue. She has decided to retire from the Corporation to focus full-time on her recovery.
(c), (e) On December 8, 2025, the Corporation elected Neil A. Hansen as Senior Vice President and Chief Financial Officer (principal financial officer) of the Corporation effective February 1, 2026. Mr. Hansen, age 51, has served as President of ExxonMobil Global Business Solutions since May 2025. He previously served as Senior Vice President, Energy Products for ExxonMobil Product Solutions Company from April 2022 to May 2025 and as Vice President, Europe, Africa & Middle East Fuels, from March 2020 to April 2022. Prior to that he held several senior finance positions across the Corporation’s Controllers, Audit, Treasurers and Investor Relations departments, including as Vice President, Investor Relations and Corporate Secretary. Mr. Hansen, like other executive officers of the Corporation, will not have an employment contract. In connection with his election as Senior Vice President and Chief Financial Officer he will have an annual salary of $1.02 million per year. Mr. Hansen will continue to be eligible for grants under the Corporation’s bonus and long-term equity incentive programs, depending on company and individual performance, in the same manner as other employees. See the Compensation Discussion & Analysis section of the Corporation’s most recent Proxy Statement dated April 7, 2025, for a more complete description of the Corporation’s executive compensation programs and award terms. The terms and conditions of the Corporation’s RSUs for executive officers are also included as Exhibit 99.1 to this Report.

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INDEX TO EXHIBITS

Exhibit No.			Description
99.1			Extended Provisions for Restricted Stock Unit Agreements – Settlement in Shares (incorporated by reference to Exhibit 10(iii)(a.3) to the Registrant’s Annual Report on Form 10-K for 2024).
104			Cover Page Interactive Data File (formatted as Inline XBRL).

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SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned hereunto duly authorized.

			EXXON MOBIL CORPORATION
Date: December 9, 2025			By:			/s/ LEN M. FOX
						Len M. Fox
						Vice President, Controller and Tax
						(Principal Accounting Officer)

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