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  • Oct 18, 2017
    HOUSTON--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) announced today that it has acquired a crude oil terminal in Wink, Texas from Genesis Energy LP. The terminal is located in the rapidly growing Delaware Basin, part of Permian Basin – one of the most prolific plays in the United States. The terminal is strategically positioned to handle Permian Basin crude oil and condensate for transport to Gulf Coast refineries and marine export terminals. Themore...
  • Oct 17, 2017
    HOUSTON--(BUSINESS WIRE)--ExxonMobil Chemical Company announced today that it has commenced production on the first of two new 650,000 tons-per-year high-performance polyethylene lines at its plastics plant in Mont Belvieu, Texas. The full project, part of the company’s multi-billion dollar expansion project in the Baytown area and ExxonMobil’s broader Growing the Gulf expansion initiative, will increase the plant’s polyethylene capacity by approximatelymore...
  • Oct 13, 2017
    CLINTON, N.J.--(BUSINESS WIRE)--ExxonMobil announced today that it has broken ground on the expansion of its research facility in Clinton, N.J., a key center of innovation that supports the company’s broad research and development programs. Expansion of the facility, home to ExxonMobil’s fundamental and process research and development, including advancing algae biofuel and carbon capture technologies, is expected to be completed in 2019 and will includemore...
  • Oct 5, 2017
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) today announced it made a fifth new oil discovery after drilling the Turbot-1 well offshore Guyana. Turbot is ExxonMobil’s latest discovery to date in the country, adding to previous discoveries at Liza, Payara, Snoek and Liza Deep. Following completion of the Turbot-1 well, the Stena Carron drillship will move to the Ranger prospect. An additional well on the Turbot discovery is being plannedmore...
  • Sep 27, 2017
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) today announced it has added 22,000 acres to its Permian Basin portfolio since May through a series of acquisitions and acreage trades. Located in the highly prolific, stacked oil pay zones of the Delaware and Midland Basins, the new acreage adds to the company’s existing 6 billion barrels of oil equivalent Permian Basin resource base. The recent transactions represent important additions tomore...
  • Sep 25, 2017
    FORT WORTH, Texas--(BUSINESS WIRE)--ExxonMobil today announced an enhanced program to reduce methane emissions from its production and midstream facilities across the United States. The program, which builds on the company’s longstanding commitment to emissions reduction, prioritizes actions at sites operated by subsidiary XTO Energy and includes efforts to develop and deploy new, more efficient technologies to detect and reduce facility emissionsmore...
  • Sep 21, 2017
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil said today that its Baytown and Beaumont refineries have begun producing fuels at reduced rates and that crude oil and refined product pipelines in the Gulf and other regions of Texas have restarted as recovery continues from Hurricane Harvey. Offshore production platforms in the Gulf of Mexico and onshore facilities have resumed normal operations. “We are making good progress safely restoring our operationsmore...
  • Sep 5, 2017
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil said today that facility assessments and restart activities continue at its Baytown refinery, and that it has made significant progress in restarting chemical production, pipelines and other logistical infrastructure in the Houston area. The company’s fuel terminals in Houston are open and supplying gasoline and diesel to customers. Offshore production platforms in the Gulf of Mexico are beginning to return to normal operationsmore...
  • Aug 31, 2017
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) today said it has increased its financial commitment for Harvey relief to up to $9.5 million, which includes a new employee and retiree donation match program and in-kind donations to the American Red Cross for recovery efforts in South Texas. The increased support builds on $1 million in previous contributions to the American Red Cross and United Way of Greater Houston. ExxonMobil is working tomore...
  • Aug 29, 2017
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) announced today that it is has increased to $1 million its support for relief and recovery efforts in Houston and other Gulf Coast communities impacted by Hurricane Harvey. A contribution of $500,000 will be provided to the United Way of Greater Houston and follows an initial allocation of $500,000 for the American Red Cross which was made on Friday. "Our thoughts remain with ourmore...
  • Aug 27, 2017
    HOUSTON--(BUSINESS WIRE)--ExxonMobil Chemical Company announced today that its Singapore affiliate has completed its acquisition of one of the world’s largest aromatics facilities on Jurong Island in Singapore. The acquisition was first announced in May 2017. The facility, previously owned by Jurong Aromatics Corporation, is located near ExxonMobil’s largest integrated refining and petrochemical complex, which has an ethylene production capacity of 1.9 millionmore...
  • Aug 25, 2017
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) announced today that it is allocating $500,000 for contributions to regional Red Cross organizations along the U.S. Gulf Coast to assist with relief efforts in communities expected to be impacted by Hurricane Harvey. "Our thoughts and prayers are with the residents of Texas and Louisiana Gulf Coast communities currently in the path of Hurricane Harvey," said Darren W. Woods, ExxonMobil chairmanmore...
  • Jul 28, 2017
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM): Funded Phase 1 of world-class Guyana Liza development, with first oil expected by 2020 Progressed investments in advantaged manufacturing sites and acquired strategic assets in Singapore to meet growing product demand Cash flow from operating activities covered second quarter dividends and additions to property, plant and equipmentmore...
  • Jul 26, 2017
    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 September 11, 2017 to shareholders of record of Common Stock at the close of business on August 14, 2017. This third quarter dividend is at the same level as the dividend paid in the second quarter of 2017. Through its dividends, the corporation has shared its success with itsmore...
  • Jul 25, 2017
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) today announced it has discovered additional oil in the Payara reservoir offshore Guyana, increasing the total Payara discovery to approximately 500 million oil-equivalent barrels. These positive well results increase the estimated gross recoverable resource for the Stabroek Block to between 2.25 billion oil-equivalent barrels and 2.75 billion oil-equivalent barrels. The well wasmore...