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-0.000136366052711186 0.000413720736191721 0.00437064755384733 -0.000598623858512132 -0.01007490887743 -0.00912728037553824 -0.00406555740201865 -0.00234364707541038
Stock impact report

ExxonMobil Taps the Debt Market Again [The Motley Fool]

Exxon Mobil Corporation (XOM) 
Last exxon mobil corporation earnings: 5/1 07:34 am Check Earnings Report
US:NYSE Investor Relations: ir.exxonmobil.com
Company Research Source: The Motley Fool
With oil prices continuing to hover at extremely low levels,ExxonMobil(NYSE:XOMThe energy giant on Monday raised $9. billion by selling five new bond issues with maturities ranging from five to years, according to a Reuters report. The article noted that ExxonMobil had originally planned to raise $9 billion through the offering; the higher capital raise indicates that demand was strong for the bond issue.Last week, ExxonMobil announced it would cut its 00 capital spending by 0% and would reduce its operating expenses by %. All of these moves were made in response to conditions of heavy oversupply in the oil market -- a situation caused both by the steep plunge in demand due to the COVID-9 pandemic and by producers pumping a glut of crude.Image source: Getty Images.The cost of moneyThough ExxonMobil is paying more to borrow than it did prior to the pandemic, the Reuters article noted that the bond rates for this issue are lower than they were for bonds the company sold approximately f Show less Read more
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