ExxonMobil


All posts for ExxonMobil

ExxonMobil Adds 2.7 Billion Barrels to Reserves; Replaces 183% of 2017 Production

Exploration success and strategic acquisitions add high-quality resources U.S. Permian Basin, Guyana, Mozambique and Upper Zakum key factors in growth Nearly 10 billion oil-equivalent barrels added to resource base, largest since XTO acquisition IRVING, Texas--( BUSINESS WIRE )-- Exxon Mobil C ...

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Posted 13 days agoPress > ExxonMobilExxon MobilExxon Mobil Corporation +6

ExxonMobil Earns $19.7 Billion in 2017; $8.4 Billion in Fourth Quarter

IRVING, Texas--( BUSINESS WIRE )-- Exxon Mobil Corporation (NYSE:XOM): Net favorable non-cash impacts in the fourth quarter total $4.6 billion, including $5.9 billion relating to U.S. tax reform, partially offset by asset impairments of $1.3 billion Full year cash flow from operations and asset ...

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Posted 23 days agoPress > EarningsNYSEExxon Mobil +4

Steven Kandarian Elected to ExxonMobil Board

Exxon Mobil Corporation (NYSE:XOM) has announced the election of Steven A. Kandarian to its board of directors, effective Feb. 1, 2018. Kandarian is the chairman, president and chief executive officer of MetLife Inc. With the election of Kandarian, the ExxonMobil board stands at 11 directors, 10 ...

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Posted 23 days agoPress > Exxon MobilExxon Mobil CorporationExxonMobil +3

Exxon Mobil Corporation Declares First Quarter Dividend

IRVING, Texas--( BUSINESS WIRE )--The Board of Directors of Exxon Mobil Corporation (NYSE:XOM) today declared a cash dividend of $0.77 per share on the Common Stock, payable on March 9, 2018 to shareholders of record of Common Stock at the close of business on February 12, 2018. This first quarte ...

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Posted 25 days agoPress > Exxon MobilDividendNYSE +2

ExxonMobil to Triple Permian Production by 2025, Expand Transportation Infrastructure

Company plans to invest more than $2 billion in terminal and transportation expansion Investments supported by changes to U.S. corporate tax rate Downstream and Chemical expansions progressing due to increased low-cost supply IRVING, Texas--( BUSINESS WIRE )-- ExxonMobil today announced that ...

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Posted 26 days agoPress > PermianPermian Basintransportation +5

ExxonMobil Named 2017 Explorer of the Year by World Oil and Gas Council

Award recognizes ExxonMobil's industry-leading exploration portfolio Significant discoveries made offshore Guyana during the year ExxonMobil portfolio strengthened through acquisitions and other activities IRVING, Texas--( BUSINESS WIRE )-- ExxonMobil has been named 2017 Explorer of the Year ...

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Posted 1 month agoPress > ExxonMobilWorld Oil & Gas CouncilOffshore +1

Onshore Fields Account for More Than Half of ExxonMobil’s Crude Production to 2021, Says GlobalData

Analysis of upstream crude oil production shows that over $39.2bn in capital expenditure (capex) is forecast to be spent by ExxonMobil on oil projects over the next four years to ensure that its production remains around 2.1 million barrels per day (mmbd) in 2021. The Upper Zakum field would drive ...

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Posted 1 month agoOpinion > ExxonMobilonshoreCrude Production +3

ExxonMobil Acquires Exploration Acreage Offshore Ghana

ExxonMobil  has announced that it has signed a petroleum agreement with the government of Ghana to acquire exploration and production rights for the Deepwater Cape Three Points block. The agreement is subject to parliamentary ratification. Exploration activities, including acquisition of seismic ...

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Posted 1 month agoPress > ExxonMobilexplorationAcquisition +3

ExxonMobil and MagnaBond to Collaborate on New Well Integrity Evaluation Technologies

New technologies designed to address well decommissioning activities Focus on developing through-tubing cement evaluation and casing imaging tool Expected to provide a cost-effective alternative for inspecting and verifying cement integrity SPRING, Texas--( BUSINESS WIRE )--ExxonMobil Upstream ...

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Posted 1 month agoPress > MagnaBondExxonMobilJoint Operating Agreement

ExxonMobil Encounters Hydrocarbons Onshore Papua New Guinea

hydrocarbons after drilling the onshore P'nyang South-2 well, located in the Western Province of Papua New Guinea. P'nyang South-2 well confirms high-quality, hydrocarbon-bearing reservoirs Evaluation of the resource is underway Builds on ExxonMobil's exploration success in Papua New Guinea “ ...

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Posted 1 month agoPress > onshoreHydrocarbonPapua New Guinea +1

ExxonMobil Announces Sixth Oil Discovery Offshore Guyana

Ranger-1 well encounters approximately 230 feet of high-quality, oil-bearing reservoir Well is located approximately 60 miles northwest of Liza phase one project Discovery provides a new play concept for the 6.6 million acre Stabroek Block   IRVING, Texas--( BUSINESS WIRE )-- Exxo ...

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Posted 1 month agoPress > ExxonMobilDiscoveryOffshore +3

Petrobras and ExxonMobil Form Strategic Alliance

Petrobras and ExxonMobil  have signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities. The memorandum of understanding was signed in Rio de Janeiro today by Pedro Parente, president of Petrobras, Brad Corson, president ...

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Posted 2 months agoPress > PetrobrasExxonMobilStrategic Alliance +2

ExxonMobil Completes LNG Acquisition in Mozambique Area 4

ExxonMobil to lead construction and operation of future gas liquefaction facilities Company assumes responsibility for midstream operations in Area 4 Estimated 85 trillion cubic feet of natural gas to support world-class LNG project IRVING, Texas--( BUSINESS WIRE )-- ExxonMobil  has announced ...

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Posted 2 months agoPress > MozambiqueExxonMobilExxon Mobil Corporation +5

ExxonMobil Acquires Exploration Acreage in Three Mauritania Offshore Blocks

IRVING, Texas--( BUSINESS WIRE )-- ExxonMobil today announced that its wholly owned affiliate, ExxonMobil Exploration and Production Mauritania Deepwater Ltd., has signed production sharing contracts with the government of Mauritania for three deepwater offshore blocks. “These blocks further enha ...

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Posted 2 months agoPress > ExxonMobilExxonMobil ExlorationProduction Mauritania Deepwater +3

ExxonMobil Starts Production at Hebron Field

Project expects to produce up to 150,000 barrels of oil per day at peak Project achieved more than 40 million hours without a lost-time injury Project completed ahead of schedule   IRVING, Texas--( BUSINESS WIRE )-- Exxon Mobil Corporation (NYSE:XOM) today announced that the Hebr ...

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Posted 2 months agoPress > ExxonMobilHebron FieldNYSE +3