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  • Feb 22, 2017
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) announced today proved reserves were 20 billion oil-equivalent barrels at year-end 2016, inclusive of a net reduction of 3.3 billion oil-equivalent barrels from 2015. Reserves changes in 2016 reflect new developments as well as revisions and extensions to existing fields resulting from drilling, studies, analysis of reservoir performance and application of the methodology prescribed by the U.S.more...
  • Feb 21, 2017
    IRVING, Texas--(BUSINESS WIRE)--In association with its ongoing “Be an Engineer” initiative, ExxonMobil is inspiring girls to explore coursework and careers in engineering through its 14th annual Introduce a Girl to Engineering Day program. This year’s program will engage more than 1,000 middle-school girls across the country in a hands-on approach that allows students to experience the excitement of being an engineer. “It’s critical that students canmore...
  • Feb 16, 2017
    SPRING, Texas--(BUSINESS WIRE)--ExxonMobil, working with the National Center for Supercomputing Applications (NCSA), has achieved a major breakthrough with proprietary software using more than four times the previous number of processors used on complex oil and gas reservoir simulation models to improve exploration and production results. The breakthrough in parallel simulation used 716,800 processors, the equivalent of harnessing the power of 22,400 computersmore...
  • Feb 16, 2017
    LONDON--(BUSINESS WIRE)--ExxonMobil announced today the expansion of its Singapore refinery to support the production of the company’s EHC™ Group II base stocks, which will strengthen the global supply of these products and enhance the Singapore facility’s competitiveness. Construction is expected to begin during the second quarter of 2017 with completion anticipated in 2019. ExxonMobil’s EHC product line has been designed to maximize the performancemore...
  • Feb 10, 2017
    SPRING, Texas--(BUSINESS WIRE)--ExxonMobil has awarded to Pason Systems, Inc. the first global license of its patented Drilling Advisory System™, a key component of the company’s Fast Drill™ technology suite. The licensing agreement accelerates the technology’s commercialization by combining Pason’s expertise in drilling data and ExxonMobil’s experience in drilling surveillance and optimization. Fast Drill combines high-end modeling of drilling physics withmore...
  • Jan 31, 2017
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM):   Fourth Quarter   Twelve Months 2016   2015more...
  • Jan 26, 2017
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation  (NYSE:XOM) will release fourth quarter and full year 2016 financial results on Tuesday, January 31, 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 (800more...
  • Jan 25, 2017
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) announced today the election of Dr. Susan K. Avery to its board of directors, effective February 1, 2017. Avery, an atmospheric scientist, is the former president and director of the Woods Hole Oceanographic Institution. With the election of Avery, the ExxonMobil board stands at 13 directors, 12 of whom are non-employee directors. Avery’s leadership experience in multiple academic andmore...
  • Jan 25, 2017
    IRVING, Texas--(BUSINESS WIRE)--The Board of Directors of Exxon Mobil Corporation (NYSE:XOM) today declared a cash dividend of $0.75 per share on the Common Stock, payable on March 10, 2017 to shareholders of record of Common Stock at the close of business on February 10, 2017. This first quarter dividend is at the same level as the dividend paid in the fourth quarter of 2016. Through its dividends, the corporation has shared its success with itsmore...
  • Jan 18, 2017
    LA JOLLA, Calif.--(BUSINESS WIRE)--Synthetic Genomics, Inc. and ExxonMobil (NYSE: XOM) announced today that they have extended their agreement to conduct joint research into advanced algae biofuels after making significant progress in understanding algae genetics, growth characteristics and increasing oil production. ExxonMobil and Synthetic Genomics have been jointly researching and developing oil from algae for use as a renewable, lower-emissionmore...
  • Jan 17, 2017
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) said today it will more than double its Permian Basin resource to 6 billion barrels of oil equivalent through the acquisition of companies owned by the Bass family of Fort Worth, Texas, with an estimated resource of 3.4 billion barrels of oil equivalent in New Mexico’s Delaware Basin, a highly prolific, oil-prone section of the Permian Basin. ExxonMobil will make an upfront payment of $5.6more...
  • Jan 12, 2017
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil announced today positive results from its Payara-1 well offshore Guyana. Payara is ExxonMobil’s second oil discovery on the Stabroek Block and was drilled in a new reservoir. The Payara-1 well targeted similar aged reservoirs that were proven successful at the company’s Liza discovery. “This important discovery further establishes the area as a significant exploration province,” said Steve Greenlee, president of ExxonMobilmore...
  • Jan 5, 2017
    HOUSTON--(BUSINESS WIRE)--ExxonMobil announced today its development of cMISTTM technology, which dehydrates natural gas using a patented absorption system inside pipes and replaces the need for conventional dehydration tower technology. This “in-line” technology could be deployed at both land-based and offshore natural gas production operations. The new technology, developed and extensively field-tested by ExxonMobil, more efficiently removes water vapormore...
  • Jan 3, 2017
    IRVING, Texas--(BUSINESS WIRE)--The board of directors of Exxon Mobil Corporation (NYSE:XOM) has reached an agreement with Rex W. Tillerson, former chairman and chief executive officer, to sever all ties with the company to comply with conflict-of-interest requirements associated with his nomination as secretary of state. Under the agreement developed in consultation with federal ethics regulators, if Tillerson is confirmed as secretary of state, the value ofmore...
  • Dec 28, 2016
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) today announced a new natural gas discovery in the Papua New Guinea North Highlands, 13 miles (21 kilometers) northwest of the Hides Gas Field. Interest owners are ExxonMobil (42.5 percent), Oil Search Limited (37.5 percent) and Barracuda Limited, a subsidiary of Santos Limited (20 percent, subject to regulatory approval), with Oil Search as operator. The Muruk-1 well encountered similar high-more...