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Exxon Mobil Issues New Long-Dated Floating Rate Notes

Story Highlights
  • Exxon Mobil agreed on March 26, 2026 to issue $169.3 million of floating rate notes maturing in 2076.
  • The notes were issued under an existing SEC shelf registration, reinforcing Exxon Mobil’s access to flexible long-term funding.
  • Looking for the best stocks to buy? Follow the recommendations of top-performing analysts.
Exxon Mobil Issues New Long-Dated Floating Rate Notes

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Exxon Mobil ( (XOM) ) has shared an announcement.

On March 26, 2026, Exxon Mobil Corporation entered into an underwriting agreement with a syndicate led by RBC Capital Markets, J.P. Morgan Securities and UBS Securities to issue and sell $169.3 million in aggregate principal amount of floating rate notes due 2076. The notes were structured under an existing 2014 indenture with Deutsche Bank Trust Company Americas as trustee, as amended in 2020 and further specified by an officer’s certificate dated March 30, 2026.

The securities were offered under Exxon Mobil’s shelf registration statement on Form S-3 filed with the U.S. Securities and Exchange Commission on February 18, 2026, providing the legal framework for this long-dated financing. The transaction underscores the company’s continued use of capital markets to secure flexible, floating-rate, long-term funding, potentially supporting its balance sheet management and long-horizon investment needs.

The most recent analyst rating on (XOM) stock is a Buy with a $191.00 price target. To see the full list of analyst forecasts on Exxon Mobil stock, see the XOM Stock Forecast page.

Spark’s Take on XOM Stock

According to Spark, TipRanks’ AI Analyst, XOM is a Outperform.

Overall score reflects resilient fundamentals and a strong balance sheet, supported by a positive earnings-call outlook focused on advantaged production growth, cost savings, and shareholder returns. The score is tempered by down-cycle financial momentum (revenue/FCF compression and higher debt), a stretched technical setup (overbought indicators), and a valuation that is not especially cheap given cyclicality.

To see Spark’s full report on XOM stock, click here.

More about Exxon Mobil

Exxon Mobil Corporation is a global integrated energy company engaged in the exploration, production, refining and marketing of oil and natural gas, as well as the manufacture and sale of petrochemicals. It operates across the upstream, downstream and chemicals segments, serving industrial, commercial and consumer energy markets worldwide.

Average Trading Volume: 22,339,185

Technical Sentiment Signal: Buy

Current Market Cap: $714.5B

See more data about XOM stock on TipRanks’ Stock Analysis page.

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