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  • Jun 20, 2018
    SINGAPORE--(BUSINESS WIRE)--ExxonMobil said today it has started production of hydrogenated hydrocarbon resin and halobutyl rubber at its integrated manufacturing complex in Singapore, the company’s largest integrated refining and petrochemical complex in the world. “These new plants enhance the competitiveness and strategic importance of ExxonMobil’s integrated manufacturing facility in Singapore, and are part of the company’s long-term plan for advantagedmore...
  • Jun 20, 2018
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) said today it made its eighth oil discovery offshore Guyana at the Longtail-1 well, creating the potential for additional resource development in the southeast area of the Stabroek Block. ExxonMobil encountered approximately 256 feet (78 meters) of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 18,057 feet (5,504 meters) depth in 6,365 feet (1,940 meters) ofmore...
  • Jun 12, 2018
    IRVING, Texas--(BUSINESS WIRE)--The Liza Phase 1 development continues to rapidly progress, with the commencement of development drilling offshore Guyana, ExxonMobil said today. Development drilling began in May for the first of 17 wells planned for Phase 1, laying the foundation for production startup in 2020. The company and its co-venturers have so far discovered estimated recoverable resources of more than 3.2 billion oil-equivalent barrels on the Stabroekmore...
  • Jun 8, 2018
    IRVING, Texas--(BUSINESS WIRE)--Michael J. Dolan, senior vice president of Exxon Mobil Corporation (NYSE:XOM), has announced his intention to retire, effective Aug. 1, 2018, after 38 years of service. Dolan was elected to his current position as senior vice president and a member of the corporation's Management Committee in 2008. Dolan held a variety of technical and managerial positions in the company’s global petroleum refining and petrochemical businessesmore...
  • Jun 8, 2018
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) said today that Malcolm Farrant, vice president of human resources, has elected to retire after 35 years of service. The board of directors has elected Tracey Gunnlaugsson, president of SeaRiver Maritime Inc., as vice president of human resources, effective August 1, 2018. Farrant, a native of the U.K., joined Mobil Corporation in 1983 after receiving a bachelor’s degree in chemistry frommore...
  • Jun 7, 2018
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil has increased its holdings in Brazil’s pre-salt basins after winning the Uirapuru exploration block with co-venturers Equinor and Petrogal Brasil during Brazil’s 4th pre-salt bid round. The block awarded adds about 88,900 net acres to the ExxonMobil portfolio, expanding the company’s total position in the country to more than 2.2 million net acres. “Uirapuru is a uniquely valuable block that representsmore...
  • Jun 6, 2018
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil said today it has completed the purchase of half of Equinor’s interest in the BM-S-8 block offshore Brazil, which contains part of the 2-billion-barrel, pre-salt Carcara oil field. “The Carcara oil field is an excellent example of the quality resources to be found offshore Brazil,” said Brad Corson, president of ExxonMobil Upstream Ventures. “We’ll be working with our partners to explore and develop these shared blocksmore...
  • Jun 1, 2018
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) said today that Jeff Woodbury, vice president of investor relations and secretary, has elected to retire after 35 years of service. The board of directors has elected Neil Hansen, downstream controller, as vice president of investor relations and secretary, effective July 1. Woodbury joined Exxon Company USA in 1983 and has held various managerial positions, including engineering, production,more...
  • May 30, 2018
    DALLAS--(BUSINESS WIRE)--ExxonMobil plans to more than double earnings potential by 2025 while addressing the risks of climate change through continued research into breakthrough lower-carbon technologies, Chairman and Chief Executive Officer Darren Woods told shareholders during the company’s annual meeting today. Meeting the world’s growing energy needs will require trillions of dollars in new investment across industry, even under a scenario to limitmore...
  • May 23, 2018
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil today announced greenhouse gas reduction measures that are expected to lead to significant improvements in emissions performance by 2020, including a 15 percent decrease in methane emissions and a 25 percent reduction in flaring. The company also announced its intention to improve its industry-leading energy efficiency in refining and chemical manufacturing facilities. ExxonMobil invests in lower-emission energymore...
  • May 21, 2018
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil and its employees contributed $13.2 million to 78 institutions of higher education across Texas as part of the ExxonMobil Foundation’s 2017 Educational Matching Gift Program. ExxonMobil employees, retirees, directors and surviving spouses contributed almost $6 million to 78 Texas colleges and universities, which was matched by $7.4 million in unrestricted grants from the ExxonMobil Foundation. Although grants aremore...
  • May 21, 2018
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil and its employees are donating $49.8 million to almost 840 institutions of higher education across the country as part of the ExxonMobil Foundation’s 2017 Educational Matching Gift Program. ExxonMobil employees, retirees, directors and surviving spouses contributed $16.9 million, which was matched with $32.9 million in unrestricted grants from the ExxonMobil Foundation. The program matches donor pledges 3:1 upmore...
  • May 21, 2018
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil and its employees contributed $251,000 to 5 institutions of higher education across Montana as part of the ExxonMobil Foundation’s 2017 Educational Matching Gift Program. ExxonMobil employees, retirees, directors and surviving spouses contributed over $75,000 to 5 Montana colleges and universities, which was matched by more than $176,000 in unrestricted grants from the ExxonMobil Foundation. Although grants aremore...
  • May 21, 2018
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil and its employees contributed $760,000 to 12 institutions of higher education across Alabama as part of the ExxonMobil Foundation’s 2017 Educational Matching Gift Program. ExxonMobil employees, retirees, directors and surviving spouses contributed over $192,000 to 12 Alabama colleges and universities, which was matched by almost $568,000 in unrestricted grants from the ExxonMobil Foundation. Although grants aremore...
  • May 21, 2018
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil and its employees, including XTO staff, contributed more than $852,000 to 33 institutions of higher education across Ohio as part of the ExxonMobil Foundation’s 2017 Educational Matching Gift Program. ExxonMobil and XTO employees, retirees, directors and surviving spouses contributed almost $217,000 to 33 Ohio colleges and universities, which was matched by over $635,000 in unrestricted grants from the ExxonMobilmore...