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  • Nov 6, 2017
    SINGAPORE--(BUSINESS WIRE)--ExxonMobil announced today that it is partnering with two Singapore universities to open a Singapore Energy Center in 2019 to focus on new discoveries and significant improvements to technologies that could improve energy production, and enhance energy efficiency and other efforts to mitigate the risk of climate change. ExxonMobil signed a memorandum of understanding with the Nanyang Technological University and the Nationalmore...
  • Nov 1, 2017
    CLINTON, N.J.--(BUSINESS WIRE)--ExxonMobil and Renewable Energy Group (REG) announced today that by utilizing REG’s patented fermentation technology, the companies’ joint research program has demonstrated the ability to convert sugars from a variety of non-edible biomass sources into biodiesel. “Our first challenge during the initial research was to determine technical feasibility and potential environmental benefits,” said Vijay Swarup, vice president ofmore...
  • Oct 27, 2017
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil announced today that it has completed an agreement to purchase half of Statoil’s interest in the BM-S-8 block offshore Brazil, which contains part of the pre-salt Carcara oil field. The Carcara field contains an estimated recoverable resource of 2 billion barrels of high-quality oil. The block is located approximately 200 miles offshore Rio de Janeiro. Statoil currently holds a 66 percent interest in the block, whichmore...
  • Oct 27, 2017
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM): Cash flow from operations and asset sales exceeds dividends and net investments1 for the fourth-consecutive quarter Company makes fifth Guyana discovery; captures 12 high-potential blocks offshore Brazil Hurricane Harvey reduces earnings by an estimated $160 million, or 4 cents per sharemore...
  • Oct 25, 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 December 11, 2017 to shareholders of record of Common Stock at the close of business on November 13, 2017. This fourth quarter dividend is at the same level as the dividend paid in the third quarter of 2017. Through its dividends, the corporation has shared its success with itsmore...
  • Oct 25, 2017
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil announced today that the Neuquén Province government has approved the investment plan for the development of a 35-year unconventional exploitation concession in the Los Toldos I South block. The initial investment of about $200 million calls for a pilot project that brings up to seven wells to production, the construction of production facilities and development of export infrastructure. “We are very optimistic aboutmore...
  • Oct 23, 2017
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) will release third quarter results on Friday, October 27, 2017. A press release will be issued via Business Wire and available at 7 a.m. CT at www.exxonmobil.com. Jeff Woodbury, vice president of Investor Relations, will review the results during a listen-only conference call at 8:30 a.m. CT. The earnings presentation can be accessed via webcast or by calling (800) 475-6878 (United States) or (more...
  • 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...