ExxonMobil advises shareholders to dismiss low-value mini-tender offer by TRC

9.06 each and is subject to numerous other conditions. The company has no affiliation with TRC, its mini-tender offer, or its documents.

TRC has a history of initiating mini-tender offers for shares in various companies. These offers aim to purchase less than 5% of a company’s outstanding shares to bypass certain SEC disclosure requirements. Consequently, mini-tender offers do not provide the same level of safeguard for investors as larger tender offers under U.S. law.

The SEC warns investors about low-priced mini-tender offers, stating that some bidders hope to catch investors off guard by offering below-market prices. It is essential for shareholders to compare the offer price with the current market price and consult their brokers or advisors before making any decisions.

ExxonMobil advises shareholders not to respond to TRC’s offer and recommends those who have already tendered their shares to withdraw them before the offer’s expiration on July 10, 2025. Investors should exercise caution and seek current market quotations for their shares. The company emphasizes that brokers and dealers should review the SEC’s guidelines on disseminating and disclosing information about mini-tender offers to clients.

ExxonMobil wants this news release to be included with any materials related to TRC’s mini-tender offer concerning ExxonMobil common stock.

As a leading international energy and petrochemical corporation, ExxonMobil develops solutions that enhance quality of life and address society’s changing needs. Its primary operations in Upstream, Product Solutions, and Low Carbon Solutions deliver essential products for modern living, such as energy, chemicals, lubricants, and technologies that reduce emissions. ExxonMobil boasts a large resource portfolio and occupies a prominent position in the global fuels, lubricants, and chemical industry. The company also manages the United States’ biggest CO2 pipeline network.

In a pledge to reduce greenhouse gas emissions, ExxonMobil announced plans to achieve a 20-30% reduction in corporate-wide greenhouse gas intensity by 2030 compared to 2016 levels. The company aims for a 40-50% reduction in greenhouse gas intensity from upstream operations, a 70-80% decrease in corporate-wide methane intensity, and a 60-70% reduction in corporate-wide flaring intensity. With technology advancements and governmental support, ExxonMobil is committed to achieving net-zero Scope 1 and 2 greenhouse gas emissions from its facilities by 2050.

For further information, visit exxonmobil.com and ExxonMobil’s Advancing Climate Solutions.