ExxonMobil


All posts for ExxonMobil

Statoil Awarded Four Blocks Offshore Brazil

  Statoil and partners were the hihg bidders for four blocks in the Campos Basin in Brazil's 15th licensing round held on 29 March. With the new licenses, Statoil strengthens its position in Brazil and increases synergies with current projects.  A consortium comprising Petrobras (3 ...

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Posted 1 year agoPress > StatoilOffshoreBrazil +8

ExxonMobil Considers Polypropylene Production Expansion Along U.S. Gulf Coast

Facility to manufacture high-performance, lightweight durable plastics Final investment decision could come later this year Project startup as early as 2021 IRVING, Texas--( BUSINESS WIRE )-- ExxonMobil said today it has started detailed engineering work on a potential U.S. Gulf Coast ...

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Posted 1 year agoPress > Gulf CoastUnited StatesUS +5

ExxonMobil Senior Vice President Mark Albers to Retire

IRVING, Texas--( BUSINESS WIRE )--Mark W. Albers, senior vice president of Exxon Mobil Corporation (NYSE:XOM), has announced his intention to retire, effective April 1, 2018, after more than 38 years of service. Albers, 61, was elected to his current position as senior vice president and a membe ...

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Posted 1 year agoPress > RetireRetirementExxon Mobil +4

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 WIR ...

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Posted 1 year agoPress > ExxonMobilExxon MobilExxon Mobil Corporation

ExxonMobil Outlines Aggressive Growth Plans to More than Double Earnings

Earnings and cash flow from operations projected to approximately double by 2025 Strongest investment opportunities in two decades to drive results, improve returns Profitable production growth with low-cost-of-supply tight oil, liquefied natural gas and deepwater NEW YORK--( BUSINESS WIRE )-- ...

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Posted 1 year agoPress > ExxonMobilExxon Mobil CorporationExxonMobil Exloration +4

ExxonMobil and Synthetic Genomics Algae Biofuels Program Targets 10,000 Barrels Per Day by 2025

Program advances to outdoor testing in California of naturally occurring algae strains Will inform fundamental engineering necessary for scaling up technology Outdoor testing phase critical step in determining path toward commercial production RVING, Texas & LA JOLLA, Calif.--( BUSINESS WIRE ) ...

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Posted 1 year agoPress > Exxon MobilExxon Mobil CorporationExxonMobil +1

ExxonMobil to Join Stanford Strategic Energy Alliance

Builds on Global Climate and Energy Project's 15 years of success Strong science and exploratory research to develop low-carbon energy solutions $20 million commitment in addition to ExxonMobil's GCEP investment of more than $100 million Expands company's collaborative work with academic and re ...

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Posted 1 year agoPress > ExxonMobilExxon MobilExxon Mobil Corporation +1

ExxonMobil Announces Seventh Oil Discovery Offshore Guyana

Pacora-1 well encounters approximately 65 feet of high-quality, oil-bearing sandstone High quality resources to be integrated into giant Payara field development Further drilling on the Stabroek Block planned in 2018 IRVING, Texas--( BUSINESS WIRE )-- Exxon Mobil Corporation (NYSE:XOM) announ ...

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Posted 1 year agoPress > GuyanaDiscoveryOil +6

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 1 year 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 1 year 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 1 year 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 1 year 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 1 year 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 year 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 year agoOpinion > ExxonMobilonshoreCrude Production +3