XOM Exxon Mobil Corp

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): May 10, 2024

 

Exxon Mobil Corporation 

(Exact name of registrant as specified in its charter)

 

New Jersey		001-2256		13-5409005
(State or other jurisdiction		(Commission		(IRS Employer
of incorporation)		File Number)		Identification No.)

 

22777 Springwoods Village Parkway, 

Spring, Texas 77389-1425

(Address of principal executive offices)

(Zip Code)

 

(972) 940-6000

(Registrant’s telephone number, including area code)

 

Not Applicable

(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:

 

Title of Each Class		Trading  Symbol(s)		Name of Each Exchange on Which Registered
Common Stock, without par value		XOM		New York Stock Exchange
0.142% Notes due 2024		XOM24B		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 8.01.

Other Events.

 

On May 10, 2024, Pioneer Natural Resources Company (“Pioneer”), a Delaware corporation and a wholly-owned subsidiary of Exxon Mobil Corporation, a New Jersey corporation (the “Company”), issued a notice (the “Redemption Notice”) to holders of Pioneer’s 0.250% Convertible Senior Notes due 2025 (the “Notes”) calling for redemption (the “Redemption”) of all outstanding Notes that have not been submitted for conversion. A copy of the Redemption Notice is attached as Exhibit 99.1 to this Current Report on Form 8-K and is incorporated by reference into this Item 8.01.

 

On June 25, 2024 (the “Redemption Date”), all then-outstanding Notes that have not been submitted for conversion will be repurchased for cash at a price (the “Redemption Price”) equal to the principal amount of such Notes plus accrued and unpaid interest on such Notes to, but excluding, the Redemption Date, which equates to a Redemption Price of $1,000.28 per $1,000 principal amount of each Note.

 

Notes (or any portion thereof having a principal amount that is an integral multiple of $1,000) that are called for Redemption may be submitted for conversion at any time prior to 5:00 p.m. (New York City time) on June 21, 2024, which is the second scheduled trading day immediately preceding the Redemption Date (the “Redemption Period”). Notes that are converted during the Redemption Period will be settled in cash based on the conversion rate. As of the date of the Redemption Notice, the conversion rate of the Notes is 25.4503 shares of common stock, without par value, of the Company (“Company Common Stock”) per $1,000 principal amount of Notes, which is equivalent to a conversion price of approximately $39.29 per share of Company Common Stock.

 

This Current Report on Form 8-K does not constitute a redemption notice and is qualified in its entirety by reference to the Redemption Notice.

 

Item 9.01.

Financial Statements and Exhibits.

(d) Exhibits.

 

Exhibit No.	Description
99.1	Redemption Notice for 0.250% Convertible Senior Notes due 2025.
104	Cover Page Interactive Data File (embedded within the Inline XBRL document).

 

SIGNATURES

 

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.

 

Date: May 10, 2024				Exxon Mobil Corporation
				By:		/s/ Len M. Fox
				Name:		Len M. Fox
				Title:		Vice President and Controller  (Principal Accounting Officer)

 

 

 

 

Exhibit 99.1

 

 

PIONEER NATURAL RESOURCES COMPANY

 

Full Redemption Notice

for

0.250% Convertible Senior Notes due 2025

(CUSIP No. 723787AP2; ISIN No. US723787AP23)¹

 

May 10, 2024

 

Reference is made to that certain indenture (the “Original Indenture”), dated as of May 14, 2020, between Pioneer Natural Resources Company, a Delaware corporation, as issuer (the “Company”), and Computershare Trust Company, N.A., as successor trustee (the “Trustee”) to Wells Fargo Bank, National Association, relating to the Company’s 0.250% Convertible Senior Notes due 2025 (the “Notes”), as supplemented by the First Supplemental Indenture (the “First Supplemental Indenture”) dated as of May 3, 2024, by and among the Company, Exxon Mobil Corporation, a New Jersey corporation (the “Parent”), and the Trustee (the Original Indenture, as so supplemented, the “Indenture”). Capitalized terms used in this Notice without definition have the respective meanings given to them in the Indenture. 

 

Pursuant to Section 16.01 of the Indenture, the Company elects to call for redemption (the “Redemption”) all outstanding Notes and designates June 25, 2024 as the Redemption Date for the Redemption. 

 

On the Redemption Date, the Redemption Price (as defined below) will become due and payable upon each Note to be redeemed, and interest thereon will cease to accrue on and after the Redemption Date. However, a Note that is called for Redemption will not be redeemed if it is converted with a Conversion Date occurring at any time prior to 5:00 p.m. (New York City time) on the second Scheduled Trading Day immediately preceding the Redemption Date. For all Notes surrendered in book-entry form, payment of the Redemption Price will be made through the facilities of the Depository Trust Company (“DTC”), and all redeemed Notes in book-entry form will be surrendered for payment of the Redemption Price in accordance with the applicable rules and procedures of DTC. The Paying Agent is Computershare Trust Company, N.A., and the address of the Paying Agent for delivery of any Notes in certificated form is as follows:

 

Regular Mail, Registered & Certified Mail, Courier or In Person by Hand:

Computershare Trust Company, N.A.

Corporate Trust Operations

1505 Energy Park Drive
St. Paul, MN 55108

 

 

¹ No representation is being made as to the correctness of the CUSIP or ISIN number either as printed on the Notes or as contained in this Redemption Notice and the Holder should rely only on the other identification numbers printed on the Notes.

 

 

Holders can inquire about the redemption of the Notes by contacting the Paying Agent at 1-800-344-5128 or by email at cctbondholdercommunications@computershare.com. Please refer to the CUSIP number when making inquiries.

 

The Redemption Price for each Note called for Redemption is an amount in cash equal to 100% of the principal amount of such Note plus accrued and unpaid interest on such Note to, but excluding, the Redemption Date, which equates to a Redemption Price of $1,000.28 per $1,000 principal amount of any Note called for Redemption.

 

The Holder of any Note called for Redemption may surrender such Note (or any portion thereof having a principal amount that is an integral multiple of $1,000) for conversion at any time prior to 5:00 p.m. (New York City time) on the second Scheduled Trading Day immediately preceding the Redemption Date. To convert any Note, the Holder thereof must comply with the applicable rules and procedures of DTC.

 

As of the date of this Redemption Notice, the Conversion Rate of the Notes is 25.4503 shares of Parent Common Stock per $1,000 principal amount of Notes, which is equivalent to a Conversion Price of approximately $39.29 per share of Parent Common Stock. The Settlement Method that will apply to all conversions of Notes with a Conversion Date that occurs on or after the date of this Redemption Notice will be Cash Settlement. 

 

TO TIMELY ELECT TO CONVERT ANY NOTES CALLED FOR REDEMPTION, SUCH NOTES MUST BE SUBMITTED FOR CONVERSION IN COMPLIANCE WITH THE APPLICABLE RULES AND PROCEDURES OF DTC NO LATER THAN 5:00 P.M. (NEW YORK CITY TIME) ON JUNE 21, 2024. AFTER SUCH TIME, THE RIGHT TO CONVERT ANY NOTES CALLED FOR REDEMPTION WILL TERMINATE. OWNERS OF BENEFICIAL INTERESTS IN THE NOTES ARE REMINDED THAT DTC DEADLINES MAY BE EARLIER THAN THE DEADLINES FOR HOLDERS DESCRIBED HEREIN AND IN THE NOTES.

 

IMPORTANT INFORMATION REGARDING TAX CERTIFICATION AND POTENTIAL WITHHOLDING:

 

Pursuant to U.S. federal tax laws, you have a duty to provide a properly completed and duly executed (a) Internal Revenue Service (“IRS”) Form W-9 or (b) version of IRS Form W-8, as applicable. The Trustee may also request any additional documents that are reasonably necessary to ensure payments are reported accurately to you and to the IRS (collectively, “Tax Certification Forms”). In order to permit accurate withholding (or to prevent withholding), complete and valid Tax Certification Forms must be received by the Trustee before payment of the redemption proceeds is made to you. Failure to timely provide valid Tax Certification Forms as required will result in the maximum amount of U.S. withholding tax being deducted from any redemption payment that is made to you.

 

This document is provided by Computershare Trust Company, N.A., or one or more of its affiliates (collectively, “Computershare”), in its named capacity or as agent of or successor to Wells Fargo Bank, N.A., or one or more of its affiliates (“Wells Fargo”), by virtue of the acquisition by

 

Computershare of substantially all the assets of the corporate trust services business of Wells Fargo.

 

Sincerely,

 

Pioneer Natural Resources Company

 

By: Computershare Trust Company, N.A., as Trustee

 

* * *

 

 

 

 

v3.24.1.1.u2

Cover	May 10, 2024
Document Type	8-K
Amendment Flag	false
Document Period End Date	May 10, 2024
Entity File Number	001-2256
Entity Registrant Name	Exxon Mobil Corporation
Entity Central Index Key	0000034088
Entity Tax Identification Number	13-5409005
Entity Incorporation, State or Country Code	NJ
Entity Address, Address Line One	22777 Springwoods Village Parkway
Entity Address, City or Town	Spring
Entity Address, State or Province	TX
Entity Address, Postal Zip Code	77389-1425
City Area Code	972
Local Phone Number	940-6000
Written Communications	false
Soliciting Material	false
Pre-commencement Tender Offer	false
Pre-commencement Issuer Tender Offer	false
Entity Emerging Growth Company	false
Common Stock, without par value
Title of 12(b) Security	Common Stock, without par value
Trading Symbol	XOM
Security Exchange Name	NYSE
0.142% Notes due 2024
Title of 12(b) Security	0.142% Notes due 2024
Trading Symbol	XOM24B
Security Exchange Name	NYSE
0.524% Notes due 2028
Title of 12(b) Security	0.524% Notes due 2028
Trading Symbol	XOM28
Security Exchange Name	NYSE
0.835% Notes due 2032
Title of 12(b) Security	0.835% Notes due 2032
Trading Symbol	XOM32
Security Exchange Name	NYSE
1.408% Notes due 2039
Title of 12(b) Security	1.408% Notes due 2039
Trading Symbol	XOM39A
Security Exchange Name	NYSE

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