Filed Pursuant to Rule 424(b)(2)
SEC File No. 333-270460
The information in this preliminary prospectus is not complete and may be changed. This preliminary prospectus supplement and the accompanying prospectus are not an offer to sell these securities and we are not soliciting offers to buy these securities in any jurisdiction where the offer or sale is not permitted.
Subject to completion, dated September 30, 2024
Preliminary prospectus supplement
(To prospectus dated March 10, 2023)
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Exxon Mobil Corporation
Floating Rate Notes due 2074
The Floating Rate Notes due 2074 (the “Notes”) are an issue of the debt securities described in the accompanying prospectus.
Interest on the Notes is payable quarterly in arrears on January , April , July and October of each year, commencing on January , 2025, at a rate equal to Compounded SOFR (as defined herein) minus % per year, subject to the provisions set forth under “Description of Notes—Interest on the Notes.”
The Notes mature on October , 2074.
We may, at our option, redeem any or all of the Notes at any time on or after October , 2054 at the redemption prices set forth under “Description of Notes—Optional redemption of the Notes,” plus any accrued and unpaid interest thereon to but excluding the redemption date. The holders of the Notes may require us to repay some or all of the Notes beginning on October , 2025, on every April and October thereafter through and including October , 2035 and thereafter on October of every subsequent second year through and including October , 2071, at the repayment prices set forth under “Description of Notes—Repayment at option of holders,” plus any accrued and unpaid interest thereon to but excluding the redemption date.
If there is a “tax event” (as defined herein), we have the right to shorten the maturity of the Notes to the extent required so that the interest we pay on the Notes will be deductible for U.S. federal income tax purposes. On the new maturity date, we will pay holders of the Notes 100.000% of the principal amount of the Notes, plus any accrued and unpaid interest thereon to but excluding the new maturity date.
Investing in the Notes involves certain risks. See “Risk Factors” on page S-6.
The Notes will be our general unsecured obligations and will rank equally in right of payment with all of our other existing and future unsecured and unsubordinated debt from time to time outstanding.
Neither the Securities and Exchange Commission nor any state securities commission has approved or disapproved of these securities, or determined if this prospectus supplement or the accompanying prospectus is truthful or complete. Any representation to the contrary is a criminal offense.
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| | Price to Public(1) | | | Underwriting Discounts and Commissions | | | Proceeds, Before Expenses, to Us | |
Per Note | | | | % | | | | % | | | | % |
Total | | $ | | | | $ | | | | $ | | |
(1) | Plus accrued interest, if any, from , 2024. |
The Notes will not be listed on any securities exchange. Currently, there is no public market for the Notes. We have been advised by certain of the underwriters that they currently intend to make a market in the Notes. However, they are not obligated to do so and they may discontinue market making activities at any time without notice. The availability and liquidity of a trading market for the Notes may also be affected to the extent purchasers treat the Notes as “qualified replacement property.” See “Underwriting” and “Description of Notes—Notes used as qualified replacement property.”
We expect that delivery of the Notes will be made to investors in book-entry form through the facilities of The Depository Trust Company and its participants on or about , 2024, which is the business day following the date of this prospectus supplement. See “Underwriting.”
Joint Book-Running Managers
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Morgan Stanley | | Citigroup | | Deutsche Bank Securities | | RBC Capital Markets |
, 2024