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Exxon Mobil's 8-K Report: Key Insights on Debt and Capital Structure (Jan 2025)

$XOM
Form 8-K
Filed on: 2025-01-07
Source
Exxon Mobil's 8-K Report: Key Insights on Debt and Capital Structure (Jan 2025)

Based on the provided financial report excerpt, here are the key insights and information extracted:

  1. Entity Identification:
  • Company Name: Exxon Mobil Corporation
  • SEC CIK: 0000034088
  • Address: 22777 Springwoods Village Parkway, Spring, TX 77389-1425
  • Phone Number: 972-940-6000
  • Stock Ticker: XOM (NYSE)
  1. Filing Information:
  • Filing Type: 8-K
  • Filing Date: January 7, 2025
  1. Period of Reporting:
  • Start Date: January 7, 2025
  • End Date: January 7, 2025
  1. Stock Information:
  • Common Stock: Common stock without par value is issued by Exxon Mobil Corporation.
  1. Debt Instruments:
  • The report lists several debt instruments with specific characteristics:
    • 0.524% Notes Due 2028 (Ticker: XOM28)
    • 0.835% Notes Due 2032 (Ticker: XOM32)
    • 1.408% Notes Due 2039 (Ticker: XOM39A)
  1. Segment Information:
  • The report provides context regarding different classes of stock and notes:
    • Common Stock
    • Notes due in 2028, 2032, and 2039 with specific interest rates mentioned.

Insights:

  • The filing indicates a snapshot of Exxon Mobil's capital structure as of January 7, 2025, highlighting both equity (common stock) and debt (notes).
  • The presence of long-term notes suggests that the company is managing its financing mix, balancing between equity and debt instruments.
  • The interest rates on the notes indicate the company’s borrowing costs, with the lowest rate (0.524%) due in 2028 and the highest (1.408%) due in 2039, which may reflect the prevailing interest environment and risk perception at the time of issuance.

This information is crucial for analysts and investors to assess Exxon Mobil's financial health, capital structure, and future funding obligations.