Obligation ExxonMobil 2.61% ( US30231GBN16 ) en USD

ExxonMobil

92.465 % ▲

Etas-Unis

US30231GBN16 ( en USD )

2.61% par an ( paiement semestriel )

14/10/2030

Prospectus brochure de l'obligation Exxon Mobil US30231GBN16 en USD 2.61%, échéance 14/10/2030

2 000 USD

2 000 000 000 USD

30231GBN1

AA- ( Haute qualité )

Aa2 ( Haute qualité )

15/10/2025 ( Dans 89 jours )

ExxonMobil est une société multinationale américaine intégrée du secteur pétrolier et gazier, active dans l'exploration, la production, le raffinage, le transport et la commercialisation d'hydrocarbures.

L'Obligation émise par ExxonMobil ( Etas-Unis ) , en USD, avec le code ISIN US30231GBN16, paye un coupon de 2.61% par an.
Le paiement des coupons est semestriel et la maturité de l'Obligation est le 14/10/2030

L'Obligation émise par ExxonMobil ( Etas-Unis ) , en USD, avec le code ISIN US30231GBN16, a été notée Aa2 ( Haute qualité ) par l'agence de notation Moody's.

L'Obligation émise par ExxonMobil ( Etas-Unis ) , en USD, avec le code ISIN US30231GBN16, a été notée AA- ( Haute qualité ) par l'agence de notation Standard & Poor's ( S&P ).

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Table of Contents
Filed Pursuant to Rule 424(b)(2)
SEC File No. 333-237052

Proposed
Proposed
Amount
Maximum
Maximum
Title of Each Class of
to be
Offering Price
Aggregate
Amount of
Securities to be Registered

Registered

Per Security

Offering Price
Registration Fee (1)
1.571% Notes due 2023

$2,750,000,000

100.000%

$2,750,000,000

$356,950.00
2.992% Notes due 2025

$1,250,000,000

105.302%

$1,316,275,000

$170,852.50
2.610% Notes due 2030

$2,000,000,000

100.000%

$2,000,000,000

$259,600.00
4.227% Notes due 2040

$750,000,000

112.417%

$843,127,500

$109,437.95
3.452% Notes due 2051

$2,750,000,000

100.000%

$2,750,000,000

$356,950.00

(1) Calculated in accordance with Rule 457(r) of the Securities Act of 1933, as amended. The total registration fee due for this offering is $1,253,790.45.
Table of Contents
Prospectus supplement
(To prospectus dated March 10, 2020)
$9,500,000,000

Exxon Mobil Corporation
$2,750,000,000 1.571% Notes due 2023
$1,250,000,000 2.992% Notes due 2025
$2,000,000,000 2.610% Notes due 2030
$750,000,000 4.227% Notes due 2040
$2,750,000,000 3.452% Notes due 2051

Each of the 1.571% Notes due 2023 (the "2023 Fixed Rate Notes"), the 2.992% Notes due 2025 (the "2025 Fixed Rate Notes"), the 2.610% Notes due 2030 (the "2030 Fixed Rate
Notes"), the 4.227% Notes due 2040 (the "2040 Fixed Rate Notes") and the 3.452% Notes due 2051 (the "2051 Fixed Rate Notes" and, together with the 2023 Fixed Rate Notes, the 2025 Fixed
Rate Notes, the 2030 Fixed Rate Notes and the 2040 Fixed Rate Notes, the "Notes") is an issue of the debt securities described in the accompanying prospectus.
The 2025 Fixed Rate Notes offered hereby constitute a further issuance of the 2.992% Notes due 2025, of which $1,500,000,000 aggregate principal amount was issued on
March 19, 2020 (the "Existing 2025 Notes") and the 2040 Fixed Rate Notes offered hereby constitute a further issuance of the 4.227% Notes due 2040, of which $1,250,000,000 aggregate
principal amount was issued on March 19, 2020 (the "Existing 2040 Notes" and, together with the Existing 2025 Notes, the "Existing Notes"). The 2025 Fixed Rate Notes and the 2040 Fixed Rate
Notes offered hereby are collectively referred to herein as the "Additional Notes." The Additional Notes of each series will form a single series with, and have the same terms (other than the initial
offering price and the issue date) as, the corresponding series of Existing Notes. Upon settlement, the Additional Notes of each series will have the same CUSIP number and will trade
interchangeably with the corresponding series of Existing Notes. We expect the Additional Notes of each series and the corresponding series of Existing Notes to be fungible for U.S. federal
income tax purposes. Immediately after giving effect to the issuance of the Notes offered hereby, we will have $2,750,000,000 aggregate principal amount of 2.992% Notes due 2025 outstanding
and $2,000,000,000 aggregate principal amount of 4.227% Notes due 2040 outstanding.
Interest on the 2023 Fixed Rate Notes, the 2030 Fixed Rate Notes and the 2051 Fixed Rate Notes is payable semi-annually in arrears on April 15 and October 15 of each year,
commencing on October 15, 2020. Interest on the Additional Notes of each series is payable semi-annually in arrears on March 19 and September 19 of each year, commencing on September 19,
2020. The interest payment to be made with respect to the Additional Notes of each series on September 19, 2020 will include interest deemed to have accrued from and including March 19, 2020
to, but excluding, the settlement date of the Additional Notes of each series. Such accrued interest must be paid by the purchasers of the Additional Notes of each series.
The 2023 Fixed Rate Notes mature on April 15, 2023, the 2025 Fixed Rate Notes mature on March 19, 2025, the 2030 Fixed Rate Notes mature on October 15, 2030, the 2040
Fixed Rate Notes mature on March 19, 2040 and the 2051 Fixed Rate Notes mature on April 15, 2051.
We may redeem any or all of the Notes of each series at any time and from time to time at the redemption prices described under the headings "Description of Notes--Optional
redemption of the 2023 Fixed Rate Notes," "Description of Notes--Optional redemption of the 2025 Fixed Rate Notes," "Description of Notes--Optional redemption of the 2030 Fixed Rate
Notes," "Description of Notes--Optional redemption of the 2040 Fixed Rate Notes" and "Description of Notes--Optional redemption of the 2051 Fixed Rate Notes."
Investing in the Notes involves certain risks. See "Risk Factors" on page S-8.
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.

Underwriting
Price to
Discounts and
Expenses, to Us (2)

Public (1)(2)
Commissions
Proceeds, Before

Per 2023 Fixed Rate Note

100.000%

0.100%

99.900%
Total

$2,750,000,000

$
2,750,000

$
2,747,250,000
Per 2025 Fixed Rate Note

105.302%

0.120%

105.182%
Total

$1,316,275,000

$
1,500,000

$
1,314,775,000
Per 2030 Fixed Rate Note

100.000%

0.200%

99.800%
Total

$2,000,000,000

$
4,000,000

$
1,996,000,000
Per 2040 Fixed Rate Note

112.417%

0.300%

112.117%
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Total

$ 843,127,500

$
2,250,000

$
840,877,500
Per 2051 Fixed Rate Note

100.000%

0.425%

99.575%
Total

$2,750,000,000

$
11,687,500

$
2,738,312,500

(1)
Plus accrued interest, if any, from April 15, 2020 in the case of the 2023 Fixed Rate Notes, the 2030 Fixed Rate Notes and the 2051 Fixed Rate Notes.

(2)
Plus interest deemed to have accrued from March 19, 2020 to, but excluding, the settlement date in the case of the Additional Notes of each series, totaling $2,701,111.11 in the case of the 2025

Fixed Rate Notes and $2,289,625.00 in the case of the 2040 Fixed Rate Notes. Such accrued interest must be paid by the purchasers of the Additional Notes of each series.
The Notes will not be listed on any securities exchange. Currently, there is no public market for the 2023 Fixed Rate Notes, the 2030 Fixed Rate Notes or the 2051 Fixed Rate
Notes. We have been advised by certain of the underwriters that they currently make a market in the Existing Notes of each series, and the underwriters currently intend to make a market in the
Notes of each series. However, they are not obligated to do so and they may discontinue market making activities at any time without notice. See "Underwriting."
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, including
Clearstream Banking S.A. and Euroclear Bank SA/NV, as operator of the Euroclear System, on or about April 15, 2020.

Joint Book-Running Managers

BofA Securities

Citigroup

J.P. Morgan

Barclays

HSBC

Morgan Stanley
Co-Managers
BNP PARIBAS
Deutsche Bank
Mizuho
SOCIETE
Standard
Wells Fargo

Securities
Securities
GENERALE

Chartered Bank

Securities
Banca IMI
Credit
Goldman
Loop
RBC
Santander
Scotiabank
Siebert
SMBC
Standard
US Bancorp
Agricole
Sachs & Co.
Capital
Capital
Williams
Nikko
Bank

CIB

LLC
Markets Markets

Shank

April 13, 2020
Table of Contents
We have not, and the underwriters have not, authorized anyone to provide any information other than that contained in this prospectus
supplement or the accompanying prospectus or incorporated by reference in this prospectus supplement and the accompanying prospectus or in any free
writing prospectus prepared by or on behalf of us or to which we have referred you. We and the underwriters take no responsibility for, and can provide no
assurance as to the reliability of, any other information that others may give you. You should not assume that the information contained or incorporated by
reference in this prospectus supplement is accurate as of any date other than the date on the front cover of this prospectus supplement or that the information
contained or incorporated by reference in the accompanying prospectus is accurate as of any date other than the date on the front cover of such document.
We and the underwriters are offering to sell the Notes only in places where offers and sales are permitted.
The terms "ExxonMobil," "the Company," "we," "us" and "our" refer to Exxon Mobil Corporation and its subsidiaries, unless otherwise stated
or the context otherwise requires. However, in the "Description of Notes" section of this prospectus supplement and the "Description of Debt Securities"
section of the accompanying prospectus, references to "the Company," "we," "us" and "our" are to Exxon Mobil Corporation only and not to any of its
subsidiaries.
TABLE OF CONTENTS

Page
ABOUT THIS PROSPECTUS SUPPLEMENT
S-1
INFORMATION CONCERNING FORWARD-LOOKING STATEMENTS
S-1
SUMMARY
S-2
RISK FACTORS
S-8
USE OF PROCEEDS
S-9
CAPITALIZATION
S-10
DESCRIPTION OF NOTES
S-11
MATERIAL U.S. FEDERAL INCOME TAX CONSIDERATIONS
S-18
UNDERWRITING
S-22
VALIDITY OF THE NOTES
S-26
EXPERTS
S-26
WHERE YOU CAN FIND MORE INFORMATION AND INCORPORATION BY REFERENCE
S-27
Prospectus

Page
ABOUT THIS PROSPECTUS

1
EXXON MOBIL CORPORATION

1
USE OF PROCEEDS

2
DESCRIPTION OF DEBT SECURITIES

3
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FORMS OF DEBT SECURITIES

9
PLAN OF DISTRIBUTION

12
WHERE YOU CAN FIND MORE INFORMATION

14
INFORMATION CONCERNING FORWARD-LOOKING STATEMENTS

15
VALIDITY OF THE DEBT SECURITIES

15
EXPERTS

15
Table of Contents
ABOUT THIS PROSPECTUS SUPPLEMENT
This document has two parts. The first part consists of this prospectus supplement, which describes the specific terms of this offering and the
Notes offered. The second part, the accompanying prospectus, provides more general information, some of which may not apply to this offering. This
prospectus supplement and the accompanying prospectus also incorporate by reference certain documents that are described under "Where You Can Find
More Information and Incorporation by Reference." If the description of the offering varies between this prospectus supplement and the accompanying
prospectus, you should rely on the information in this prospectus supplement.
Before purchasing any Notes, you should carefully read both this prospectus supplement and the accompanying prospectus, together with the
additional information described under the heading "Where You Can Find More Information and Incorporation by Reference" in this prospectus
supplement.
INFORMATION CONCERNING FORWARD-LOOKING STATEMENTS
Statements related to outlooks, projections, goals, targets, descriptions of strategic plans and objectives, and other statements of future events
or conditions are forward-looking statements. Actual future results, including business and project plans, capacities, costs, and timing; capital spending;
proceeds from asset sales; resource recoveries and production rates; asset carrying values; proved reserves; financing sources; the resolution of
contingencies and uncertain tax positions; and the impact of new technologies, including to increase capital efficiency and production and to reduce
greenhouse gas emissions, could differ materially due to a number of factors. These include global or regional changes in supply and demand for oil, gas,
petrochemicals, feedstocks and other market conditions that impact prices and differentials; reservoir performance; the outcome of exploration projects and
timely completion of development and construction projects; the impact of fiscal and commercial terms and the outcome of commercial negotiations or
acquisitions; changes in law, taxes, or regulation, including environmental regulations, and timely granting of governmental permits; war, trade agreements,
shipping blockades or harassment, and other political, public health or security disturbances; opportunities for and regulatory approval of potential
investments or divestments; the actions of competitors; the capture of efficiencies between business lines; unforeseen technical or operating difficulties;
unexpected technological developments; the ability to bring new technologies to commercial scale on a cost-competitive basis, including large-scale
hydraulic fracturing projects; general economic conditions including the occurrence and duration of economic recessions; the results of research programs;
and other factors discussed in Item 1A of ExxonMobil's 2019 Form 10-K. We assume no duty to update these statements as of any future date.

S-1
Table of Contents
SUMMARY
This summary highlights information contained or incorporated by reference in this prospectus supplement or the accompanying
prospectus. This summary does not contain all of the information that you should consider before deciding to invest in the Notes. You should carefully
read this entire prospectus supplement and the accompanying prospectus, including the information incorporated by reference. See "Risk Factors."
The Company
Exxon Mobil Corporation was incorporated in the State of New Jersey in 1882. Divisions and affiliated companies of ExxonMobil operate
or market products in the United States and most other countries of the world. Their 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. Affiliates of ExxonMobil conduct extensive research programs in support of these businesses.
Our principal offices are located at 5959 Las Colinas Boulevard, Irving, Texas, 75039-2298, and our telephone number is (972)
940-6000. We maintain a website at exxonmobil.com where general information about us is available. We are not incorporating the contents of the
website into this prospectus supplement or the accompanying prospectus.
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S-2
Table of Contents
The Offering

Issuer
Exxon Mobil Corporation

Securities
$2,750,000,000 aggregate principal amount of 1.571% Notes due 2023

$1,250,000,000 aggregate principal amount of 2.992% Notes due 2025

$2,000,000,000 aggregate principal amount of 2.610% Notes due 2030

$750,000,000 aggregate principal amount of 4.227% Notes due 2040

$2,750,000,000 aggregate principal amount of 3.452% Notes due 2051

Maturity Date
April 15, 2023, in the case of the 2023 Fixed Rate Notes

March 19, 2025, in the case of the 2025 Fixed Rate Notes

October 15, 2030, in the case of the 2030 Fixed Rate Notes

March 19, 2040, in the case of the 2040 Fixed Rate Notes

April 15, 2051, in the case of the 2051 Fixed Rate Notes

Interest rate
1.571% per annum, in the case of the 2023 Fixed Rate Notes

2.992% per annum, in the case of the 2025 Fixed Rate Notes

2.610% per annum, in the case of the 2030 Fixed Rate Notes

4.227% per annum, in the case of the 2040 Fixed Rate Notes

3.452% per annum, in the case of the 2051 Fixed Rate Notes

Interest payment dates
Interest on the 2023 Fixed Rate Notes, the 2030 Fixed Rate Notes and the 2051 Fixed Rate
Notes will accrue from April 15, 2020 and will be payable semi-annually in arrears on April
15 and October 15 of each year, beginning on October 15, 2020.

Interest on the Additional Notes of each series will accrue from March 19, 2020 and will be
payable semi-annually in arrears on March 19 and September 19 of each year, beginning on
September 19, 2020. The interest payment to be made with respect to the Additional Notes

of each series on September 19, 2020 will include interest deemed to have accrued from and
including March 19, 2020 to, but excluding, the settlement date of the Additional Notes of
each series. Such accrued interest must be paid by the purchasers of the Additional Notes of
each series.

S-3
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Table of Contents
Record dates
Interest on the 2023 Fixed Rate Notes, the 2030 Fixed Rate Notes and 2051 Fixed Rate Notes
will be paid to holders of record at the close of business on each April 1 and October 1
immediately preceding each interest payment date.

Interest on the Additional Notes of each series will be paid to holders of record at the close of

business on each March 4 and September 4 immediately preceding each interest payment
date.

Ranking
The Notes of each series will be our general unsecured and unsubordinated 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.

No prior market
The 2023 Fixed Rate Notes, the 2030 Fixed Rate Notes and the 2051 Fixed Rate Notes are
new securities and there is currently no established trading market for the Notes of such
series. We have been advised by certain of the underwriters that they currently make a
market in the Existing Notes of each series. We do not intend to apply for listing of the Notes
on any securities exchange. Although the underwriters have informed us that they intend to
make a market in the Notes, they are not obligated to do so and they may discontinue market
making activities at any time without notice. Accordingly, we cannot assure you that a liquid
market for the Notes will develop or be maintained. See "Underwriting."

Optional redemption of the 2023 Fixed Rate Notes
We may redeem any or all of the 2023 Fixed Rate Notes at our option at any time prior to
maturity, at a redemption price equal to the greater of:

· 100% of the principal amount of the 2023 Fixed Rate Notes being redeemed; or

· the sum of the present values of the remaining scheduled payments of principal and
interest thereon (not including any portion of such payments of interest accrued as of

the date of redemption), discounted to their present value as of such date of
redemption on a semi-annual basis (assuming a 360-day year consisting of twelve
30-day months) at the Treasury Rate (as defined herein), plus 20 basis points.

We will also pay the accrued and unpaid interest on the 2023 Fixed Rate Notes to the

redemption date. See "Description of Notes--Optional redemption of the 2023 Fixed Rate
Notes."

S-4
Table of Contents
Optional redemption of the 2025 Fixed Rate Notes
We may redeem any or all of the 2025 Fixed Rate Notes at our option at any time prior to
February 19, 2025 (one month before maturity), at a redemption price equal to the greater of:

· 100% of the principal amount of the 2025 Fixed Rate Notes being redeemed; or

· the sum of the present values of the remaining scheduled payments of principal and
interest thereon (not including any portion of such payments of interest accrued as of

the date of redemption), discounted to their present value as of such date of
redemption on a semi-annual basis (assuming a 360-day year consisting of twelve
30-day months) at the Treasury Rate, plus 35 basis points.

We may redeem any or all of the 2025 Fixed Rate Notes on or after February 19, 2025 (one
month before maturity), at a redemption price equal to 100% of the principal amount of the

2025 Fixed Rate Notes being redeemed on the redemption date. We will also pay the accrued
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and unpaid interest on the 2025 Fixed Rate Notes to the redemption date. See "Description of
Notes--Optional redemption of the 2025 Fixed Rate Notes."

Optional redemption of the 2030 Fixed Rate Notes
We may redeem any or all of the 2030 Fixed Rate Notes at our option at any time prior to
July 15, 2030 (three months before maturity), at a redemption price equal to the greater of:

· 100% of the principal amount of the 2030 Fixed Rate Notes being redeemed; or

· the sum of the present values of the remaining scheduled payments of principal and
interest thereon (not including any portion of such payments of interest accrued as of

the date of redemption), discounted to their present value as of such date of
redemption on a semi-annual basis (assuming a 360-day year consisting of twelve
30-day months) at the Treasury Rate, plus 30 basis points.

We may redeem any or all of the 2030 Fixed Rate Notes on or after July 15, 2030 (three
months before maturity), at a redemption price equal to 100% of the principal amount of the

2030 Fixed Rate Notes being redeemed on the redemption date. We will also pay the accrued
and unpaid interest on the 2030 Fixed Rate Notes to the redemption date. See "Description of
Notes--Optional redemption of the 2030 Fixed Rate Notes."

S-5
Table of Contents
Optional redemption of the 2040 Fixed Rate Notes
We may redeem any or all of the 2040 Fixed Rate Notes at our option at any time prior to
September 19, 2039 (six months before maturity), at a redemption price equal to the greater
of:

· 100% of the principal amount of the 2040 Fixed Rate Notes being redeemed; or

· the sum of the present values of the remaining scheduled payments of principal and
interest thereon (not including any portion of such payments of interest accrued as of

the date of redemption), discounted to their present value as of such date of
redemption on a semi-annual basis (assuming a 360-day year consisting of twelve
30-day months) at the Treasury Rate, plus 40 basis points.

We may redeem any or all of the 2040 Fixed Rate Notes on or after September 19, 2039 (six
months before maturity), at a redemption price equal to 100% of the principal amount of the

2040 Fixed Rate Notes being redeemed on the redemption date. We will also pay the accrued
and unpaid interest on the 2040 Fixed Rate Notes to the redemption date. See "Description of
Notes--Optional redemption of the 2040 Fixed Rate Notes."

Optional redemption of the 2051 Fixed Rate Notes
We may redeem any or all of the 2051 Fixed Rate Notes at our option at any time prior to
October 15, 2050 (six months before maturity), at a redemption price equal to the greater of:

· 100% of the principal amount of the 2051 Fixed Rate Notes being redeemed; or

· the sum of the present values of the remaining scheduled payments of principal and
interest thereon (not including any portion of such payments of interest accrued as of

the date of redemption), discounted to their present value as of such date of
redemption on a semi-annual basis (assuming a 360-day year consisting of twelve
30-day months) at the Treasury Rate, plus 35 basis points.

We may redeem any or all of the 2051 Fixed Rate Notes on or after October 15,
2050 (six months before maturity), at a redemption price equal to 100% of the principal

amount of the 2051 Fixed Rate Notes being redeemed on the redemption date. We will also
pay the accrued and unpaid interest on the 2051 Fixed Rate Notes to the redemption date. See
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"Description of Notes--Optional redemption of the 2051 Fixed Rate Notes."

Further issuances
We may from time to time, without notice to or the consent of the holders of a series of the
Notes, create and issue additional debt

S-6
Table of Contents
securities having the same terms (except for the issue date, the public offering price and the

first interest payment date) and ranking equally and ratably with such series of the Notes, in
all respects, as described under "Description of Notes--General terms of the Notes."

Denomination and form
We will issue the Notes of each series in the form of one or more fully registered global
notes registered in the name of the nominee of The Depository Trust Company ("DTC").
Beneficial interests in the Notes will be represented through book-entry accounts of financial
institutions acting on behalf of beneficial owners as direct and indirect participants in DTC.
Except in the limited circumstances described in the accompanying prospectus, owners of
beneficial interests in the Notes will not be entitled to have Notes registered in their names,
will not receive or be entitled to receive Notes in definitive form and will not be considered
holders of Notes under the indenture. The Notes will be issued only in denominations of
$2,000 and integral multiples of $1,000 in excess thereof.

Trustee
Deutsche Bank Trust Company Americas

Governing law
State of New York

S-7
Table of Contents
RISK FACTORS
Investing in the Notes involves risks. You should carefully consider all the information set forth in this prospectus supplement, the
accompanying prospectus and the documents incorporated by reference herein before deciding to invest in the Notes. In particular, we urge you to consider
carefully the risk factors set forth under the heading "Item 1A. Risk Factors" in our Annual Report on Form 10-K for the fiscal year ended December 31,
2019 incorporated by reference into this prospectus supplement and the accompanying prospectus.
The risk factors that are incorporated by reference into this prospectus supplement and the accompanying prospectus, including those risk
factors in respect of commodity supply and demand and public health, encompass, among other things, current market conditions of production oversupply
as well as demand reduction due to the COVID-19 pandemic which has led to a significant decrease in commodity prices. Our future business results,
including cash flows and financing needs, will be affected by the extent and duration of these conditions and the effectiveness of responsive actions that we
and others take, including our actions to reduce capital and operating expenses and government actions to address the COVID-19 pandemic, as well as any
resulting impact on national and global economies and markets. At this time, it is difficult to predict the timing of any resolution of the current supply
imbalances and the ultimate impact of COVID-19, and we continue to monitor market developments and evaluate the impacts of decreased demand on our
production levels, as well as impacts on project development and future production.

S-8
Table of Contents
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USE OF PROCEEDS
We estimate that the net proceeds to us from the sale of the Notes will be approximately $9,625 million (excluding accrued interest paid by the
purchasers of the Additional Notes), after deducting underwriting discounts and commissions and estimated offering expenses payable by us. We intend to
use the net proceeds from the sale of the Notes for general corporate purposes, including, but not limited to, refinancing a portion of our existing
commercial paper borrowings, funding for working capital, acquisitions, capital expenditures and other business opportunities. As of March 31, 2020, our
commercial paper bore interest at an average rate of 1.7591% per annum and was incurred to finance working capital needs. We may temporarily invest
funds that are not immediately needed for these purposes in short-term investments, including, but not limited to, marketable securities.

S-9
Table of Contents
CAPITALIZATION
The following table sets forth a summary of our consolidated cash and cash equivalents and capitalization on an actual, pro forma and pro
forma as adjusted basis as of December 31, 2019. Our consolidated cash and cash equivalents and capitalization, pro forma, gives effect to our issuance of
$1,500,000,000 aggregate principal amount of 2.992% Notes due 2025, $1,000,000,000 aggregate principal amount of 3.294% Notes due 2027,
$2,000,000,000 aggregate principal amount of 3.482% Notes due 2030, $1,250,000,000 aggregate principal amount of 4.227% Notes due 2040 and
$2,750,000,000 aggregate principal amount of 4.327% Notes due 2050 on March 19, 2020, but not the application of the net proceeds thereof. Our
consolidated cash and cash equivalents and capitalization, pro forma as adjusted, also gives effect to the issuance of the Notes offered by this prospectus
supplement, but not the application of the net proceeds thereof. See "Use of Proceeds." This table should be read in conjunction with "Item 7.
Management's Discussion and Analysis of Financial Condition and Results of Operations" and the consolidated financial statements and notes in our
Annual Report on Form 10-K for the fiscal year ended December 31, 2019, in each case incorporated by reference into this prospectus supplement and the
accompanying prospectus.

As of December 31, 2019

(Dollars in millions)

Pro
Pro Forma As

Actual
Forma
Adjusted

Cash and cash equivalents (1)

$
3,089
$ 11,555
$
21,185

Portion of long-term debt due within one year

1,701

1,701

1,701

Long-term debt (excluding the Notes offered hereby) (2)

26,342
34,808

34,808
Notes offered hereby (2)

--

--

9,625

Total long-term debt (2)

26,342
34,808

44,433

Total Exxon Mobil Corporation shareholders' equity

198,938
198,938

198,938

Total capitalization

$225,280
$233,746
$
243,371

(1)
Includes accrued interest of approximately $5 million paid by the purchasers of the Additional Notes.
(2)
Amounts are shown net of estimated debt issuance costs and accrued interest paid by the purchasers of the Additional Notes (where applicable).
In addition, as of December 31, 2019, we had $18.6 billion of commercial paper outstanding. To provide additional liquidity and flexibility in
the current market environment, we increased cash balances to more than $10 billion as of March 31, 2020, and had approximately $24 billion of
commercial paper outstanding as of such date. On March 17, 2020, Exxon Mobil Corporation established a short-term revolving credit facility to provide an
additional $7.0 billion of borrowing capacity that supplements its existing $7.5 billion short-term revolving credit facility. We have not drawn funds under
either of these credit facilities.

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DESCRIPTION OF NOTES
The Notes will be issued under an indenture, dated as of March 20, 2014, between ExxonMobil and Deutsche Bank Trust Company Americas,
as trustee (the "Trustee"), and (x) in the case of the 2023 Fixed Rate Notes, the 2030 Fixed Rate Notes and the 2051 Fixed Rate Notes, as supplemented by
an officer's certificate of certain authorized officers of ExxonMobil setting forth the final terms of the Notes of such series to be dated as of the settlement
date and (y) in the case of the Additional Notes of each series, as supplemented by the officer's certificate of certain authorized officers of ExxonMobil
setting forth the final terms of the Existing Notes of each series dated as of March 19, 2020 (together, the "Indenture").
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The following description of the particular terms of the Notes of each series offered by this prospectus supplement augments, and, to the extent
inconsistent, replaces the description of the general terms and provisions of the debt securities under "Description of Debt Securities" in the accompanying
prospectus. The following discussion summarizes selected provisions of the Indenture. Because this is only a summary, it is not complete and does not
describe every aspect of the Notes and the Indenture. Whenever there is a reference to defined terms of the Indenture, the statement is qualified in its
entirety to such ascribed definition.
A copy of the Indenture can be obtained by following the instructions under the heading "Where You Can Find More Information and
Incorporation by Reference." You should read the Indenture for provisions that may be important to you but which are not included in this summary.
General terms of the Notes
The 2023 Fixed Rate Notes will mature on April 15, 2023 at 100% of their principal amount, the 2025 Fixed Rate Notes will mature on
March 19, 2025 at 100% of their principal amount, the 2030 Fixed Rate Notes will mature on October 15, 2030 at 100% of their principal amount, the 2040
Fixed Rate Notes will mature on March 19, 2040 at 100% of their principal amount and the 2051 Fixed Rate Notes will mature on April 15, 2051 at 100%
of their principal amount. The Notes will be our general unsecured and unsubordinated obligations and will rank on parity with all of our other unsecured
and unsubordinated indebtedness from time to time outstanding. The Notes will be effectively subordinated to all liabilities of our subsidiaries, including
trade payables. See Note 6, Additional Working Capital Information and Note 14, Long-Term Debt to our audited consolidated financial statements in our
Annual Report on Form 10-K for the fiscal year ended December 31, 2019 incorporated by reference herein for additional detail about our debt and
financing arrangements.
The 2025 Fixed Rate Notes offered hereby constitute a further issuance of the 2.992% Notes due 2025, of which $1,500,000,000 aggregate
principal amount was issued on March 19, 2020 and the 2040 Fixed Rate Notes offered hereby constitute a further issuance of the 4.227% Notes due 2040,
of which $1,250,000,000 aggregate principal amount was issued on March 19, 2020. The Additional Notes of each series will form a single series with, and
have the same terms (other than the initial offering price and the issue date) as, the corresponding series of Existing Notes. Upon settlement, the Additional
Notes of each series will have the same CUSIP number and will trade interchangeably with the corresponding series of Existing Notes. Immediately after
giving effect to the issuance of the Notes offered hereby, we will have $2,750,000,000 aggregate principal amount of 2.992% Notes due 2025 outstanding
and $2,000,000,000 aggregate principal amount of 4.227% Notes due 2040 outstanding.
The Indenture does not limit the amount of notes, debentures or other evidences of indebtedness that we may issue under the Indenture and
provides that notes, debentures or other evidences of indebtedness may be issued from time to time in one or more series. The 2023 Fixed Rate Notes, the
2030 Fixed Rate Notes and the 2051 Fixed Rate Notes will each constitute a separate series of securities under the Indenture, the 2025 Fixed Rate Notes
will constitute additional notes of the same series as the Existing 2025 Notes under the Indenture and the 2040 Fixed Rate Notes will constitute additional
notes of the same series as the Existing 2040 Notes under the Indenture.

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We may from time to time, without giving notice to or seeking the consent of the holders of a series of the Notes, issue securities having the
same ranking and the same interest rate, maturity and other terms as such series of the Notes other than issue date, issue price and the payment of interest
accruing prior to the issue date of the additional securities, provided that if such additional securities are not fungible with the then-outstanding Notes for
U.S. federal income tax purposes, the additional securities shall have a separate CUSIP number. Any additional securities having such similar terms,
together with the relevant series of the Notes, will constitute a single series of securities under the Indenture. The provisions of the Indenture relating to
defeasance and discharge will apply to the Notes.
Any payment otherwise required to be made in respect of the Notes on a date that is not a business day for the Notes may be made on the next
succeeding business day with the same force and effect as if made on that date. No additional interest shall accrue as a result of a delayed payment. A
"business day" means each Monday, Tuesday, Wednesday, Thursday and Friday which is not a day on which banking institutions in New York City (or
other place of payment of the principal of and interest on the Notes as specified pursuant to the Indenture) are authorized or obligated by law or executive
order to close. Principal and interest will be payable, and the Notes will be transferable or exchangeable, at the office or offices or agency maintained by us
for this purpose, which will initially be the corporate trust office of the Trustee in New York City.
The Notes will be issued only in fully registered form without coupons in denominations of $2,000 and any integral multiples of $1,000 in
excess thereof. No service charge will be made for any transfer or exchange of the Notes, but we may require payment of a sum sufficient to cover any tax
or other governmental charge payable in connection with a transfer or exchange. The Notes of each series will be represented by one or more global
securities registered in the name of a nominee of DTC. The Notes will be available only in book entry form. See "Forms of Debt Securities--Registered
global securities" in the accompanying prospectus.
We will initially appoint the Trustee at its corporate trust office as a paying agent, transfer agent and registrar for the Notes. We will cause
each transfer agent to act as a co-registrar and will cause to be kept at the office of the registrar a register in which, subject to such reasonable regulations
as we may prescribe, we will provide for the registration of the Notes and registration of transfers of the Notes. We may vary or terminate the appointment
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424B2
of any paying agent or transfer agent, or appoint additional or other such agents or approve any change in the office through which any such agent acts. We
will provide you with notice of any resignation, termination or appointment of the Trustee or any paying agent or transfer agent, and of any change in the
office through which any such agent will act.
Interest on the Notes
The 2023 Fixed Rate Notes will bear interest at the rate per annum of 1.571%, the 2030 Fixed Rate Notes will bear interest at the rate per
annum of 2.610% and the 2051 Fixed Rate Notes will bear interest at the rate per annum of 3.452%, each from April 15, 2020 and in each case payable
semi-annually in arrears on April 15 and October 15 of each year, commencing on October 15, 2020, to the persons in whose names such Notes were
registered at the close of business on the immediately preceding April 1 and October 1, respectively (whether or not a business day).
The 2025 Fixed Rate Notes will bear interest at the rate per annum of 2.992% and the 2040 Fixed Rate Notes will bear interest at the rate per
annum of 4.227%, each from March 19, 2020 and in each case payable semi-annually in arrears on March 19 and September 19 of each year, commencing
on September 19, 2020, to the persons in whose names such Fixed Rate Notes were registered at the close of business on the immediately preceding
March 4 and September 4, respectively (whether or not a business day). The interest payment to be made with respect to the Additional Notes of each
series on September 19, 2020 will include interest deemed to have accrued from and including March 19, 2020 to, but excluding, the settlement date of the
Additional Notes of each series. Such accrued interest must be paid by the purchasers of the Additional Notes of each series.

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Interest on the Notes will be computed on the basis of a 360-day year comprised of twelve 30-day months.
Optional redemption of the 2023 Fixed Rate Notes
Any or all of the 2023 Fixed Rate Notes may be redeemed at our option at any time prior to maturity at a redemption price equal to the greater
of the following amounts:

· 100% of the principal amount of the 2023 Fixed Rate Notes being redeemed on the redemption date; or

· the sum of the present values of the remaining scheduled payments of principal and interest on the 2023 Fixed Rate Notes being
redeemed on that redemption date (not including any portion of any payments of interest accrued to the redemption date) discounted to

their present value as of such redemption date on a semi-annual basis at the Treasury Rate, as determined by the Reference Treasury
Dealer, plus 20 basis points;
plus, in each case, accrued and unpaid interest on the 2023 Fixed Rate Notes to the redemption date.
Notwithstanding the foregoing, installments of interest on the 2023 Fixed Rate Notes that are due and payable on interest payment dates falling
on or prior to a redemption date will be payable on the interest payment date to the registered holders as of the close of business on the relevant record date.
The redemption price will be calculated on the basis of a 360-day year consisting of twelve 30-day months.
We will send notice of any redemption at least 10 days but not more than 60 days before the redemption date to each registered holder of
the 2023 Fixed Rate Notes to be redeemed. Once notice of redemption is sent, the 2023 Fixed Rate Notes called for redemption will become due and
payable on the redemption date and at the applicable redemption price, plus accrued and unpaid interest to the redemption date, subject to any conditions
precedent specified in such notice.
On and after the redemption date, interest will cease to accrue on the 2023 Fixed Rate Notes or any portion of the 2023 Fixed Rate Notes called
for redemption (unless we default in the payment of the redemption price and accrued interest). On or before the redemption date, we will deposit with a
paying agent or the Trustee money sufficient to pay the redemption price of and accrued interest on the 2023 Fixed Rate Notes to be redeemed on that date.
If less than all of the 2023 Fixed Rate Notes are to be redeemed, the 2023 Fixed Rate Notes to be redeemed shall be selected by the Trustee pro rata, by lot,
or by such other method the Trustee deems to be fair and appropriate, in each case in accordance with the applicable procedures of DTC. The 2023 Fixed
Rate Notes will not be entitled to the benefit of any mandatory redemption or sinking fund.
Optional redemption of the 2025 Fixed Rate Notes
Any or all of the 2025 Fixed Rate Notes may be redeemed at our option at any time prior to February 19, 2025 (one month before maturity) at
a redemption price equal to the greater of the following amounts:

· 100% of the principal amount of the 2025 Fixed Rate Notes being redeemed on the redemption date; or

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