Published
# ExxonMobil (XOM) — Current Events Brief Covering SEC current reports from October 2025 through August 28, 2026. Effective July 1, 2026, ExxonMobil Holdings Corporation (a Texas corporation) became the successor registrant to Exxon Mobil Corporation (a New Jersey corporation); filings dated July 1, 2026 and later are made by the successor. Each item below is cited to its own accession. ## Filings that contain financial statements - **8-K filed July 31, 2026, accession 0002115436-26-000006** — Exhibit 99.2 (2Q26 Investor Relations Data Summary) carries a preliminary condensed consolidated **income statement** (three and six months ended June 30, 2026 and 2025), **balance sheet** (June 30, 2026 vs. December 31, 2025) and **statement of cash flows** (six months ended June 30, 2026 and 2025). Note the cash flow statement in this exhibit is presented on a six-month basis only; three-month (2Q26) cash flow, free cash flow and cash capex figures appear in the tables on pages 6-7 of Exhibit 99.1 of the same filing. - **8-K filed May 1, 2026, accession 0000034088-26-000065** — Exhibit 99.1 (1Q26 news release) contains condensed consolidated income statement, balance sheet and statement of cash flows for the three months ended March 31, 2026. - **8-K filed January 30, 2026, accession 0000034088-26-000033** — Exhibit 99.1 (full-year 2025 news release) contains condensed consolidated income statement, balance sheet and statement of cash flows for the fourth quarter and full year 2025. - **8-K filed October 31, 2025, accession 0000034088-25-000059** — Exhibit 99.1 (3Q25 news release) contains the same three condensed statements for the third quarter of 2025. Audited annual statements are in the Form 10-K filed February 18, 2026 (accession 0000034088-26-000045) and interim statements in the Form 10-Q filed August 3, 2026 (accession 0000034088-26-000093). ## Corporate reorganization: Texas redomiciliation **July 1, 2026 — the redomiciliation was completed** (8-K12B, accession 0001193125-26-291990; companion 8-K of the predecessor, accession 0001193125-26-291986). Exxon Mobil Corporation, a New Jersey corporation, completed a reorganization under an Agreement and Plan of Merger dated April 8, 2026 among Exxon Mobil Corporation, ExxonMobil Holdings Corporation (a Texas corporation) and Ensign LLC (a Texas limited liability company). This is an internal restructuring, not a transaction with a third party. Specifics: - **What changed.** ExxonMobil Holdings Corporation replaced Exxon Mobil Corporation as the publicly held company listed on the NYSE and, under Rule 12g-3(a), is the successor registrant. Shareholder rights are now governed by the Texas Business Organizations Code and by the new Texas certificate of formation and by-laws, in place of the New Jersey Business Corporation Act and the prior New Jersey charter and by-laws. The common stock now carries a par value of $0.001; the predecessor's shares were without par value. - **What did not change.** Each outstanding share was automatically exchanged for one share of the new parent, so holders own the same number and the same percentage of shares as before; treasury shares were cancelled. The ticker remained "XOM" on the NYSE, with the new shares expected to begin trading July 2, 2026. Every director and executive officer of the predecessor took the same position at the new parent, and outstanding equity awards (under the 2003 Incentive Program, the 2004 Non-Employee Director Restricted Stock Plan and the Pioneer Natural Resources 2006 Long-Term Incentive Plan) were exchanged one-for-one on unchanged terms. The underlying businesses and assets were unaffected. - **Debt treatment.** ExxonMobil Holdings Corporation, Exxon Mobil Corporation and Deutsche Bank Trust Company Americas entered into a second supplemental indenture to the March 20, 2014 indenture under which the new parent fully and unconditionally guarantees, on a senior unsecured basis, the predecessor's obligations under that indenture and the notes issued under it. Exxon Mobil Corporation remains the primary obligor and the notes remain its senior unsecured obligations. - **Delisting of the predecessor's stock.** Exxon Mobil Corporation asked the NYSE to suspend trading in its common stock on July 1, 2026, with a Form 25 delisting/deregistration to follow (accession 0001193125-26-291986). Exxon Mobil Corporation continues as a wholly owned subsidiary: its charter was amended May 27, 2026 to cut authorized common shares from 9,000,000,000 to 100, its board was reduced to three to five directors, and Neil A. Chapman, Neil A. Hansen and Jack P. Williams, Jr. were elected its directors, with James R. Chapman as President and Treasurer and Susan E. Buchanan as Vice President and Controller. **May 27, 2026 — shareholders approved the redomiciliation** at the annual meeting, with 2,216,403,048 votes for and 896,852,562 against (71.2% / 28.8% of votes cast), 30,111,060 abstentions and 493,518,532 broker non-votes (8-K, accession 0000034088-26-000078). All twelve director nominees were elected, auditors were ratified (96.4% for) and say-on-pay passed (92.9% for). Two shareholder proposals — an independent board chair and a change to the retail voting program — were defeated with 15.2% and 23.5% support respectively. ## Second-quarter 2026 results **July 31, 2026 — 2Q26 earnings release** (8-K, accession 0002115436-26-000006, Exhibits 99.1 and 99.2). Earnings of $14,525 million, or $3.48 per diluted share, against $4,183 million and $1.00 in 1Q26 and $7,082 million and $1.64 in 2Q25. Adjusted earnings were $14,680 million ($3.52 per share). Sales and other operating revenue was $114,529 million for the quarter versus $79,477 million a year earlier. - The swing was price- and margin-driven. U.S. crude realizations rose to $97.58/bbl from $70.12 in 1Q26 (Brent marker $104.52 vs. $80.61), and the indicative refining margin rose to $29.0/bbl from $16.3. Energy Products earnings swung to $5,465 million from a $1,262 million loss in 1Q26. - Cash flow from operating activities was $23,555 million for the quarter and free cash flow $17,236 million. Shareholder distributions totaled $9.4 billion — $4.3 billion of dividends and $5.1 billion of share repurchases. - Identified items reduced quarterly earnings by $2,638 million: $1,079 million of impairments (chiefly $884 million in non-U.S. Energy Products) and $1,559 million of other items, which the company states includes $1,365 million of additions to financial reserves and $194 million of Middle East impacts. Estimated timing effects were a positive $2,483 million in the quarter after a negative $3,883 million in 1Q26. - The company reported record Permian production above 1.8 million oil-equivalent barrels per day, cumulative structural cost savings of $16.3 billion since 2019 (a further $1.2 billion in the first half of 2026), a final investment decision on a 120 KTA Proxxima blending expansion in Louisiana, and the fifth Guyana FPSO sailing for a 4Q26 startup adding 250 Kbd of capacity. - A third-quarter dividend of $1.03 per share was declared, payable September 10, 2026 to holders of record August 17, 2026. **July 7, 2026 — 2Q26 earnings considerations** (8-K, accession 0002115436-26-000003, Exhibit 99.1). Ahead of results, the company guided to sequential earnings effects including $3.5-$3.9 billion from higher liquids prices and $2.0-$2.4 billion from higher Energy Products margins, offset by $0.6-$0.8 billion of Upstream volume disruption from Middle East events, and flagged prospective impairments of $0.8-$1.0 billion in Energy Products. ## Middle East disruption **April 8, 2026** (8-K, accession 0000034088-26-000056, Exhibits 99.1 and 99.2). The company disclosed that Middle East assets represent roughly 20% of global oil-equivalent production and about 5% of global refining and chemical capacity, and that assets in Qatar and the UAE experienced production disruptions beginning in March. Attacks in the first quarter affected two Qatari LNG trains in which ExxonMobil holds interests — assets accounting for roughly 3% of 2025 Upstream production — with the company stating it could not estimate when they would return to normal operations. It expected the disruptions to reduce first-quarter global production by about 6% sequentially and Energy Products throughput by about 2%. It also estimated a $3.5-$4.9 billion negative swing in timing effects from higher commodity prices and a $0.6-$0.8 billion identified-item charge from hedges whose physical shipments were prevented. The same release noted that Golden Pass LNG, a joint venture with QatarEnergy, achieved first LNG from Train 1 at Sabine Pass on March 30, 2026. **May 1, 2026 — 1Q26 results** (8-K, accession 0000034088-26-000065). Earnings of $4.2 billion, or $1.00 per share, versus $7.7 billion a year earlier, with $8.8 billion of earnings excluding a $0.7 billion Middle East identified item and $3.9 billion of unfavorable timing effects. Cash flow from operations was $8.7 billion; distributions of $9.2 billion comprised $4.3 billion of dividends and $4.9 billion of repurchases, against a stated plan to repurchase $20 billion of shares in 2026. ## Capital actions **August 28, 2026 — full redemption of three XTO Energy bond series** (8-K, accession 0001193125-26-373026, Exhibits 99.1-99.3). XTO Energy Inc., a wholly owned subsidiary, issued notices calling for redemption of all outstanding 6.10% Senior Notes due 2036 ($174,435,000 principal), 6.75% Senior Notes due 2037 ($252,384,000) and 6.375% Senior Notes due 2038 ($199,725,000) — about $627 million of principal in aggregate. The redemption date is September 27, 2026, at 100% of principal plus a make-whole amount and accrued interest. This retires high-coupon legacy debt inherited with XTO. **March 26/31, 2026 — debt issuance** (8-K, accession 0001193125-26-134838). The company agreed to sell $169,312,000 of Floating Rate Notes due 2076 under its February 2026 shelf registration, with RBC, J.P. Morgan and UBS as managers. **November 7/13, 2025 — debt issuance** (8-K, accession 0001193125-25-279379). The company agreed to sell $111,949,000 of Floating Rate Notes due 2075 under its 2023 shelf registration. **January 30, 2026 — full-year 2025 results and 2026 plans** (8-K, accession 0000034088-26-000033). Full-year 2025 earnings of $28.8 billion ($6.70 per share) versus $33.7 billion in 2024, cash flow from operations of $52.0 billion, and shareholder distributions of $37.2 billion ($17.2 billion of dividends and $20.0 billion of repurchases). The company said it plans to repurchase $20 billion of shares through 2026 and guided to 2026 cash capital expenditures of $27-$29 billion, against $29.0 billion spent in 2025. The first-quarter dividend was set at $1.03 per share, a 4% increase declared in the fourth quarter and the 43rd consecutive year of annual dividend growth. ## Management and board - **April 28, 2026** (8-K, accession 0000034088-26-000069): Len M. Fox, Vice President, Controller and Tax and principal accounting officer, announced his retirement effective July 1, 2026; Susan Buchanan, then President of ExxonMobil Global Business Solutions, was elected Vice President and Chief Accounting Officer effective the same date. - **February 18, 2026** (8-K, accession 0000034088-26-000047): director Jeffrey W. Ubben announced he would not stand for re-election at the May 27, 2026 annual meeting, for reasons unrelated to the company. - **December 8, 2025** (8-K, accession 0000034088-25-000122): Chief Financial Officer Kathryn A. Mikells announced her retirement effective February 1, 2026 to focus on recovery from a health issue; Neil A. Hansen, then President of ExxonMobil Global Business Solutions, was elected Senior Vice President and Chief Financial Officer effective the same date, at an annual salary of $1.02 million. - **October 28, 2025** (8-K, accession 0000034088-25-000063): Greg C. Garland was elected a non-employee director effective November 3, 2025, joining the Audit and Finance Committees. ## Other **November 18, 2025** (8-K, accession 0000034088-25-000074): the company announced it would release details of its Corporate Plan, including capital plans to 2030, on December 9, 2025. The plan materials themselves were published on the company's website rather than filed with the SEC. **No merger or acquisition of a third-party business appears in the current reports covering this period.** The only transaction reported under an acquisition/disposition item is the July 1, 2026 internal redomiciliation described above, in which no consideration was paid and no outside business was acquired. The year-over-year growth in second-quarter revenue and earnings is attributed in the filings to crude realizations, refining margins and volume performance, not to a business combination.