Davis Polk advised Exxon Mobil Corporation on the SEC-registered offering of $2.75 billion principal amount of 1.571% notes due 2023, $1.25 billion principal amount of 2.992% notes due 2025, $2 billion principal amount of 2.610% notes due 2030, $750 million principal amount of 4.227% notes due 2040 and $2.75 billion principal amount of 3.452% notes due 2051 in connection therewith. The 2025 notes are a reopening of the $1.5 billion aggregate principal amount of 2.992% senior notes due 2025 and the 2040 notes are a reopening of the $1.25 billion aggregate principal amount of 4.227% notes due 2040, both series issued on March 19, 2020. 

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 involves 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 and associate Dan Gibbons. Partner Patrick E. Sigmon and associate Joseph M. Gerstel provided tax advice. All members of the Davis Polk team are based in the New York office.

 

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