The Alberta and Ontario securities regulators have granted Exxon Mobil Corporation’s application to cease being a reporting issuer in Canada. The decision is based on the company’s minimal market presence in Canada, with Canadian residents holding less than 2% of its securities, except for common shares and three series of USD notes. Exxon Mobil, a New Jersey corporation with its head office in Texas, complies with U.S. securities laws and has no intention of listing its securities or seeking public financing in Canada. The company has informed Canadian securityholders of its application and will continue to provide them with U.S. disclosure documents. This decision aligns with National Policy 11-206 and section 1(10)(a)(ii) of the Ontario Securities Act.
