The Alberta and Ontario securities regulators granted Exxon Mobil Corporation’s application to cease being a reporting issuer in Canada. The decision was 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 U.S. dollar-denominated notes. Exxon Mobil complies with U.S. securities laws and has no intention to list or seek public financing in Canada. The decision was made under National Policy 11-206 and section 1(10)(a)(ii) of the Ontario Securities Act.
