Term:

  • Jun 19, 2017
    IRVING, Texas & LA JOLLA, Calif.--(BUSINESS WIRE)--ExxonMobil and Synthetic Genomics Inc. today announced a breakthrough in joint research into advanced biofuels involving the modification of an algae strain that more than doubled its oil content without significantly inhibiting the strain’s growth. Using advanced cell engineering technologies at Synthetic Genomics, the ExxonMobil-Synthetic Genomics research team modified an algae strain to enhance the algae’s oil content from 20more...
  • Jun 16, 2017
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) said today it has made a final investment decision to proceed with the first phase of development for the Liza field, one of the largest oil discoveries of the past decade, located offshore Guyana. The company also announced positive results from the Liza-4 well, which encountered more than 197 feet (60 meters) of high-quality, oil-bearing sandstone reservoirs, which will underpin a potentialmore...
  • Jun 14, 2017
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) today announced positive production well test results from the Muruk 1 sidetrack 3 well in the Papua New Guinea North Highlands located about 13 miles (21 kilometers) northwest of the Hides gas field. The well successfully flowed gas at a rate of 16 million standard cubic feet per day. The well rate was constrained by test facilities which limited tests to short flow and build up periods.more...
  • Jun 9, 2017
    IRVING, Texas--(BUSINESS WIRE)--New York Attorney General Eric Schneiderman made “inflammatory, reckless and false allegations” when he misstated how ExxonMobil assesses the potential impacts of climate policy on its business to justify expanding a politically based investigation with “ever-shifting and unravelling investigative theories.” “From the outset of this investigation, it has been clear that the attorney general is working backwards from an assumption ofmore...
  • Jun 5, 2017
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) today announced that its wholly owned affiliate, Exploration and Production Equatorial Guinea (Deepwater) Ltd., has signed a production sharing contract with the government of Equatorial Guinea for a deepwater block located 36 miles west of Malabo. “We look forward to building on our more than 20-year history of safe operations in Equatorial Guinea with this new high-quality explorationmore...
  • May 24, 2017
    AUSTIN, Texas--(BUSINESS WIRE)--To commemorate the 20th anniversary of the UTeach program, ExxonMobil has provided a grant of more than $275,000 to DonorsChoose.org that will provide each public school UTeach alumnus with funding for classroom projects. The UTeach program is an innovative, university-based teacher preparation initiative that has significantly increased the number of qualified science, technology, engineering and math (STEM) teachers in U.S. secondary schoolsmore...
  • May 22, 2017
    HOUSTON--(BUSINESS WIRE)--ExxonMobil Chemical Company announced today the mechanical completion of two new 650,000 tons per year high performance polyethylene lines at its plastics plant in Mont Belvieu, Texas. The company expects production to begin during the third quarter of 2017. Part of a previously announced multi-billion dollar expansion project in the Baytown area, the polyethylene lines will process ethylene feedstock from the new steam crackermore...
  • May 20, 2017
    RIYADH, Saudi Arabia--(BUSINESS WIRE)--Affiliates of Exxon Mobil Corporation (NYSE: XOM) and SABIC (Saudi Basic Industries Corporation) signed an agreement today to conduct a detailed study of the proposed Gulf Coast Growth Ventures project in Texas and begin planning for front-end engineering and design work. The agreement was signed during the Saudi-US CEO Forum in Riyadh in the presence of Yousef Al-Benyan, SABIC vice chairman and chief executive officer, andmore...
  • May 17, 2017
    MEXICO CITY--(BUSINESS WIRE)--ExxonMobil announced today its plans to enter the Mexican fuels market in 2017 with Mobil-branded stations and its new signature line of advanced Synergy™ gasoline and diesel fuels. The company plans to open its first Mobil service station in central Mexico during the second half of 2017, and additional stations will open later in the year. ExxonMobil plans to invest about $300 million in fuels logistics, product inventories andmore...
  • May 17, 2017
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil will hold its annual meeting of shareholders on Wednesday, May 31, 2017. Media access will be provided to authorized representatives of commercial news organizations who pre-register by Friday, May 26, 2017. Please note, only media who have pre-registered will be provided access to the annual meeting. The meeting will be held at the Morton H. Meyerson Symphony Center, 2301 Flora Street, Dallas, Texas 75201 and willmore...
  • May 15, 2017
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) today announced positive results on the Muruk-1 sidetrack well in the Papua New Guinea North Highlands, 13 miles (21 kilometers) northwest of the Hides gas field. The Muruk-1 sidetrack well encountered high-quality sandstone reservoirs southwest of the Muruk-1 natural gas discovery announced in late 2016. The sidetrack well was safely drilled to 13,550 feet (4,130 meters). “Thismore...
  • May 10, 2017
    HOUSTON--(BUSINESS WIRE)--ExxonMobil Chemical Company announced today that its Singapore affiliate has reached an agreement with Jurong Aromatics Corporation Pte Ltd to acquire its plant located on Jurong Island in Singapore. The plant, one of the largest in the world with an annual production capacity of 1.4 million tonnes, presents operational and logistical synergies for ExxonMobil’s integrated refining and petrochemical complex nearby. The company expects tomore...
  • May 10, 2017
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil and its employees contributed more than $100,000 to institutions of higher education across North Dakota as part of the ExxonMobil Foundation’s 2016 Educational Matching Gift Program. ExxonMobil employees, retirees, directors and surviving spouses contributed $31,500 to five North Dakota colleges and universities, which was matched by more than $87,000 in unrestricted grants from the ExxonMobil Foundation. Althoughmore...
  • May 10, 2017
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil and its employees contributed nearly $200,000 to institutions of higher education across New Mexico as part of the ExxonMobil Foundation’s 2016 Educational Matching Gift Program. ExxonMobil employees, retirees, directors and surviving spouses contributed $48,000 to six New Mexico colleges and universities, which was matched by more than $145,000 in unrestricted grants from the ExxonMobil Foundation. Although grants aremore...
  • May 8, 2017
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil and its employees contributed more than $13.4 million to institutions of higher education across Texas as part of the ExxonMobil Foundation’s 2016 Educational Matching Gift Program. ExxonMobil employees, retirees, directors and surviving spouses contributed $6 million to 78 Texas colleges and universities, which was matched by more than $7.4 million in unrestricted grants from the ExxonMobil Foundation. Although grantsmore...