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Exxon Mobil grosses $1.25 billion from debt offering

Exxon Mobil Corp. raised gross proceeds of $1.25 billion from an offering of 1.708% senior unsubordinated unsecured notes due March 1, 2019.

The company plans to use the proceeds for general corporate purposes or working capital, investment in securities, redemption or repayment of debt securities, and acquisitions or investments.

Barclays Capital Inc., Citigroup Global Markets Inc., J.P. Morgan Securities LLC, Merrill Lynch Pierce Fenner & Smith Inc. and Morgan Stanley & Co. LLC were the lead underwriters.

BNP Paribas Securities Corp., BNY Mellon Capital Markets LLC, Credit Agricole Securities (USA) Inc., Deutsche Bank Securities Inc., HSBC Securities (USA) Inc., Lebenthal & Co. LLC, Mizuho Securities USA LLC, SG Americas Securities LLC, Standard Chartered Bank New York, Williams Capital Group LP, U.S. Bancorp Investments Inc. and Wells Fargo Securities LLC also served as underwriters for the offering.