Stay Informed. Stay Competitive with FREE Insights on the Stock Market, Dow 30 & Emerging Opportunities. Get Free Email Updates

Stay Competitive With Stock Market Updates!

Get Free Updates

Exxon Raised Debt Of $9.5B In Order To Stock Up Cash

By John F. Heerdink, Jr.

As per reports, U.S oil giant Exxon Mobil (XOM) Corporation raised $9.5 billion in new debt as it seeks to boost its finances as debt markets remain open to new deals. The company raised $9.5 billion by selling five different bonds with duration ranging from five years to 31 years. Last year in August, Exxon raised $1.25 billion through a 10-year bond.

The move by Exxon comes as U.S. companies have been tapping debt markets for cash stocking up on cash due to the uncertainty of economic slowdown from coronavirus. Exxon stated to use the proceedings for “general corporate purposes.”, as per the regulatory filing.

Exxon Mobil (XOM) Corporation is a global oil and natural gas company, founded in 1870 and headquartered in Irving Texas, Exxon Mobil explores for and produces crude oil and natural gas, manufacture and markets commodity petrochemicals, and transports and sells crude oil, natural gas, and petroleum. To learn more about ExxonMobil Corporation (XOM) and to continue to track its progress please visit the Vista Partners ExxonMobil Corp. Page.

Vista Partners LLC (”Vista”) is a California Registered Investment Advisor based in San Francisco. Vista delivers timely and relevant insights via the website: www.vistapglobal.com with daily stories, weekly market updates, monthly macroeconomic newsletters, podcasts, & Vista’s proprietary equity and market research to help you stay informed and stay competitive. Vista’s mission is to invest partner capital while arming investors with a comprehensive global financial perspective across all market sectors. Vista also seeks to provide select issuers with actionable advice regarding fundamental development, corporate governance, and capital market directives.

Stay Informed! Stay Competitive! Please join us at Vista Partners and receive our FREE email updates throughout the week and view our exclusive content and research.

april10

Post View Count : 275


YOUR GUIDE TO STAYING INFORMED IN THE MARKETS

Subscribe for FREE Email Updates & Access To EXCLUSIVE Research!

Connect with us