Exxon Mobil Corporation’s $8.5 Billion Notes Offering

Davis Polk advised Exxon Mobil Corporation on the offering.

Exxon Mobil Corporation completed the offering of $1.5 billion principal amount of 2.992% notes due 2025, $1 billion principal amount of 3.294% notes due 2027, $2 billion principal amount of 3.482% notes due 2030, $1.25 billion principal amount of 4.227% notes due 2040 and $2.75 billion principal amount of 4.327% notes due 2050 in connection therewith.

BofA Securities, Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Barclays Capital Inc., Morgan Stanley & Co. LLC, BNP Paribas Securities Corp., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., Mizuho Securities USA LLC, SG Americas Securities, LLC, Standard Chartered Bank, Wells Fargo Securities, LLC, Banca IMI S.p.A, Credit Agricole Securities (USA) Inc., Goldman Sachs & Co. LLC, Loop Capital Markets LLC, RBC Capital Markets, LLC, Santander Investment Securities Inc., Scotia Capital (USA) Inc., SMBC Nikko Securities America, Inc., The Standard Bank of South Africa Limited, Siebert Williams Shank & Co., LLC, U.S. Bancorp Investments, Inc. acted as underwriters for the offering.

Based in Irving, Texas, ExxonMobil’s divisions and affiliated companies operate or market products in the United States and most other countries of the world. ExxonMobil’s principal business is involved in exploration for, and production of, crude oil and natural gas and manufacture, trade, transport and sale of crude oil, natural gas, petroleum products, petrochemicals and a wide variety of specialty products.

The Davis Polk corporate team included partners Michael Kaplan and Byron B. Rooney, associate Dan Gibbons. Partner Patrick E. Sigmon and associate Joseph M. Gerstel provided tax advice.

Involved fees earner: Joseph Gerstel – Davis Polk & Wardwell; Dan Gibbons – Davis Polk & Wardwell; Michael Kaplan – Davis Polk & Wardwell; Byron Rooney – Davis Polk & Wardwell; Patrick Sigmon – Davis Polk & Wardwell;

Law Firms: Davis Polk & Wardwell;

Clients: ExxonMobil;

Author: Ambrogio Visconti