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Form 8-K · Current Report · Filed 2024-05-10

Pioneer Natural Resources Announces Redemption of 0.250% Convertible Senior Notes due 2025

On May 10, 2024, Pioneer Natural Resources Company, a wholly-owned subsidiary of Exxon Mobil Corporation, announced the redemption of all outstanding 0.250% Convertible Senior Notes due 2025 that have not been submitted for conversion.

Filer
Exxon Mobil Corporation XOM · NYSE
Filed
Accession
0000950103-24-006564
CIK
0000034088
Signal
Medium impactEnergy

Details

The redemption will occur on June 25, 2024, at a price of $1,000.28 per $1,000 principal amount plus accrued and unpaid interest. The conversion period ends on June 21, 2024.

Items reported

Item 8.01

Other Events

Convertible Notes Offering
Item 9.01

Financial Statements and Exhibits

Exhibits Furnished

Market reaction

Close before filing

$118.44

Next session

-0.4%

Since filing

+31.2%

Latest close

$155.44

What happened, not what will happen — closing prices around the filing date.

Precedent

Previous filings from XOM reporting the same item, with the next session's move:

Exhibits (1)

About Exxon Mobil Corporation

Exxon Mobil Corporation is a leading integrated energy company engaged in the exploration, production, transportation, and sale of crude oil and natural gas. As one of the largest publicly traded oil and gas companies in the world, Exxon Mobil is involved in all stages of the petroleum value chain, from upstream operations like exploring and producing oil and gas, to downstream activities such as refining, marketing, and selling petroleum products. The corporation also engages in chemical manufacturing, producing and selling assorted petrochemicals to various industries. Founded by the merger of Exxon and Mobil in 1999, Exxon Mobil has played a significant role in global energy supply, employing advanced technology and emphasizing efficiency and sustainability in its operations. The company influences a wide array of sectors, including transportation, energy production, and manufacturing, highlighting its pivotal role in the broader economic landscape. Headquartered in Irving, Texas, Exxon Mobil remains a significant player in addressing energy needs and advancing initiatives towards environmentally responsible energy solutions.

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