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  • 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...
  • Dec 20, 2016
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil subsidiary, Esso Exploration and Production Guyana Limited (EEPGL), today announced that it has awarded contracts to SBM Offshore for a floating production, storage and offloading (FPSO) vessel, a key step in moving the Liza field toward first production. Under the contracts, SBM Offshore will perform front end engineering and design for the FPSO, and, subject to a final investment decision on the project in 2017, willmore...
  • Dec 16, 2016
    IRVING, Texas--(BUSINESS WIRE)--Global population growth of nearly 2 billion, a doubling of worldwide economic output and rapid expansion of the middle class in emerging economies are all expected to contribute to energy demand growth of about 25 percent from 2015 to 2040, according to ExxonMobil’s 2017 Outlook for Energy: A View to 2040. Efficiency gains across economies worldwide will play a significant role in limiting the growth in energy needs. Energy demand inmore...
  • Dec 14, 2016
    IRVING, Texas--(BUSINESS WIRE)--Rex W. Tillerson, chairman and chief executive officer of Exxon Mobil Corporation (NYSE:XOM), has announced his intention to retire at year-end after more than 41 years of service. Darren W. Woods, currently president of Exxon Mobil Corporation, has been elected chairman and chief executive officer by the board of directors effective Jan. 1, 2017. The board of directors congratulated Tillerson on his nomination for themore...
  • Dec 2, 2016
    IRVING, Texas--(BUSINESS WIRE)--Tom Walters, president, ExxonMobil Production Company, has announced his intention to retire after more than 38 years of service. Neil Duffin, currently president of ExxonMobil Development Company, has been appointed by the Exxon Mobil Corporation (NYSE:XOM) board of directors to be president of ExxonMobil Production Company and elected to be a vice president of the corporation. Liam Mallon, currently executive vicemore...
  • Dec 1, 2016
    IRVING, Texas--(BUSINESS WIRE)--Rex W. Tillerson, chairman and chief executive officer of Exxon Mobil Corporation (NYSE:XOM), today presented The Gatehouse with the company’s annual holiday gift of $50,000, advancing the non-profit agency’s mission of providing housing and support for women and children to build new lives. Located in Grapevine, Texas, The Gatehouse is a supportive community where single women, mothers and their children can live and participatemore...
  • Dec 1, 2016
    HOUSTON--(BUSINESS WIRE)--ExxonMobil announced today that it will become the Red Bull Racing Formula 1™ team’s official fuel, lubricant and motor oil partner in 2017. Under the agreement, ExxonMobil will supply Red Bull Racing with leading-edge Mobil 1™ lubricants and Synergy™ race fuels and provide engineering support to develop next-generation lubricants to improve race car engine and gearbox performance. “Red Bull Racing provides a dynamic platformmore...
  • Nov 14, 2016
    BEAUMONT, Texas--(BUSINESS WIRE)--ExxonMobil announced today plans to add a new production unit at its Beaumont polyethylene plant that will increase capacity by 65 percent – or approximately 650,000 tonnes per year -- to meet growing demand for high performance plastics. ExxonMobil is a leader in the manufacture of polyethylene products for packaging applications that deliver light-weight, tough, damage-resistant films. Construction of the new unit has begunmore...
  • Oct 28, 2016
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM):   Third Quarter     Nine Months   2016   2015more...
  • Oct 27, 2016
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) today announced that its Port Allen aviation lubricants plant has achieved full production for the entire line of Mobil Jet™ engine lubricants. The state-of-the-art aviation lubricants blending, packaging and distribution facility started shipping product worldwide in August after receiving regulatory approvals. The 90,000 square foot facility is part of a $200 million investment tomore...
  • Oct 27, 2016
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) today announced a significant discovery with a potential recoverable resource of between 500 million and 1 billion barrels of oil on the Owowo field offshore Nigeria. The Owowo-3 well, which was spud on Sept. 23, encountered about 460 feet (140 meters) of oil-bearing sandstone reservoir. Owowo-3 extends the resource discovered by the Owowo-2 well, which encountered about 515 feet (157 meters) ofmore...
  • Oct 27, 2016
    DANBURY, Conn.--(BUSINESS WIRE)--FuelCell Energy, Inc. (Nasdaq: FCEL) and ExxonMobil (NYSE: XOM) announced today the selection of a location to test novel fuel cell carbon capture technology under development by the companies. The James M. Barry Electric Generating Station, a 2.7 gigawatt mixed-use coal and gas-fired power plant operated by Southern Company (NYSE: SO) subsidiary Alabama Power, will host pilot plant tests of the technology, which uses carbonatemore...