ExxonMobil Renews Longstanding Commitment to Women’s Economic Empowerment

  • $7 million to support research, women entrepreneurs and savings program
  • $120 million in grants since initiative began in 2005
  • Company procures approximately $350 million per year from women-owned businesses; named Corporation of the Year by WEConnect International

IRVING, Texas--(BUSINESS WIRE)--In recognition of International Women's Day, ExxonMobil announced today that it is providing $7 million in grants in 2018 to renew support for local and global organizations working to empower women economically.

Grants made this year will continue ExxonMobil's longstanding support for efforts to increase research into new methods to advance women economically, assist women entrepreneurs to grow their businesses, bolster women's financial literacy and ability to invest and save, and improve the productivity of women farmers.

“We invest in programs that are proven to provide women with the skills, training and support systems needed to increase their productivity and income,” said Kevin Murphy, president of the ExxonMobil Foundation. “We know from comprehensive research that when women move forward, the world moves with them.”

ExxonMobil has invested a total of $120 million in its Women's Economic Opportunity Initiative since it began in 2005, supporting dozens of initiatives that have benefitted tens of thousands of women in more than 90 countries.

One of this year's investments will culminate in a new initiative, She Counts, which will be launched at the Council on Foreign Relations on March 22. She Counts will work with financial service providers to help women save securely, invest in their business and transform their lives. Since 2015, ExxonMobil has worked with partners like Women's World Banking, the Center for Global Development, Technoserve, Mercy Corps, the World Bank and other financial institutions to establish a new platform to put savings and financial tools in the hands of women, enabling them to plan for a more prosperous future.

ExxonMobil's Women's Economic Opportunity Initiative focuses on data-based, proven interventions that help women become more fully participatory in the economic life of their communities – and funds initiatives that correspond with the findings of the ExxonMobil-commissioned Roadmap for Promoting Women's Economic Empowerment .

ExxonMobil is also a founding member of the Global Business Coalition for Women's Economic Empowerment which harnesses the power of the private sector in fostering systemic economic change for women.

In addition to grant-making, ExxonMobil spends approximately $350 million each year with women-owned businesses. WEConnect International, an organization that identifies and certifies women-owned businesses, has announced that it will honor ExxonMobil with its 2018 Corporate Member of the Year award in early April.

For more information about our 2018 partners, view our partnership brochure.

New service from OilVoice
Trip Shepherd is for companies who need to track their staff in areas of risk.
It's free to use, so we invite you to try it.

Visit source site

ExxonMobilExxon MobilExxon Mobil Corporation

More items from oilvoice

Cyber Security Experts Unite to Protect Europe’s Critical Industries

CS4CA Summit Returns to London this October Staying abreast of fast-paced industry developments is crucial for cyber security professionals. And while one can learn a lot from publications and social media, it's hard to beat the value of insights gained first-hand from peers. This is why 150+ IT ...

OilVoice Press - OilVoice

Posted 9 months agoPress > cybereurope

Africa E&P Summit

The organisers of the Africa E&P Summit are bringing together Africa's leading exploration companies and governments, just one of the many reasons why you should be attending frontier's event that they are organising and hosting in London at the IET: Savoy Place, 22-23 May. Over 200 key senior exec ...

OilVoice Press - OilVoice

Posted 1 year agoPress > Africasummitoil summit +2

Equinor Deepens in Offshore Wind in Poland

Equinor has exercised an option to acquire a 50 % interest in the offshore wind development project Bałtyk I in Poland from Polenergia. This transaction is a follow-up of the agreement between the two companies which came into force in May 2018 , by which Equinor acquired a 50 % inter ...

OilVoice Press - OilVoice

Posted 1 year agoPress > EquinorEquinor EnergyPoland +2

Nigeria has highest capex on crude and natural gas projects in sub-Saharan Africa Over Next Seven Years, says GlobalData

Nigeria accounts for more than 34% of the proposed capital expenditure (capex) on planned and announced crude and natural gas projects in the sub-Saharan Africa over the period 2018–2025, according to GlobalData , a leading data and analytics company. The company's report: ‘H2 2018 Production ...

OilVoice Press - OilVoice

Posted 1 year agoOpinion > GlobalDataNigeriaCrude +5

CNOOC Signs Strategic Cooperation Agreements with 9 International Oil Companies

HONG KONG, Dec. 18, 2018 /PRNewswire/ -- CNOOC Limited (the "Company", SEHK: 00883, NYSE: CEO, TSX: CNU) announced today that its parent company, China National Offshore Oil Corporation (CNOOC), has signed Strategic Cooperation Agreements with 9 international oil companies including: Chevron, Conoco ...

OilVoice Press - OilVoice

Posted 1 year agoPress > CNOOCChina National Offshore Oil CorporationChevron +11
All posts from oilvoice