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  • Mar 20, 2018
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil said today it has started detailed engineering work on a potential U.S. Gulf Coast project to expand polypropylene manufacturing capacity by up to 450,000 tons a year to meet growing demand for high-performance, lightweight durable plastics. A final decision on the investment, anticipated to be several hundred million dollars, is expected later this year. Facility startup could come as early as 2021. The new facilitymore...
  • Mar 15, 2018
    IRVING, Texas--(BUSINESS WIRE)--Mark W. Albers, senior vice president of Exxon Mobil Corporation (NYSE:XOM), has announced his intention to retire, effective April 1, 2018, after more than 38 years of service. Albers, 61, was elected to his current position as senior vice president and a member of the corporation's Management Committee in 2007. Throughout his career, Albers held a variety of managerial positions in development, operations, production andmore...
  • Mar 8, 2018
    IRVING, Texas--(BUSINESS WIRE)--In recognition of International Women’s Day, ExxonMobil announced today that it is providing $7 million in grants in 2018 to renew support for local and global organizations working to empower women economically. Grants made this year will continue ExxonMobil’s longstanding support for efforts to increase research into new methods to advance women economically, assist women entrepreneurs to grow their businesses, bolster women’smore...
  • Mar 7, 2018
    NEW YORK--(BUSINESS WIRE)--ExxonMobil today outlined an aggressive growth strategy to more than double earnings and cash flow from operations by 2025 at today’s oil prices. “We’ve got the best portfolio of high-quality, high-return investment opportunities that we’ve seen in two decades,” Darren W. Woods, chairman and chief executive officer, said at the company’s annual meeting of investment analysts at the New York Stock Exchange. “Our planmore...
  • Mar 6, 2018
    IRVING, Texas & LA JOLLA, Calif.--(BUSINESS WIRE)--ExxonMobil and Synthetic Genomics Inc. today announced a new phase in their joint algae biofuel research program that could lead to the technical ability to produce 10,000 barrels of algae biofuel per day by 2025. The new phase of research includes an outdoor field study that will grow naturally occurring algae in several contained ponds in California. The research will enable ExxonMobil and Synthetic Genomics to bettermore...
  • Mar 2, 2018
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) said today that it is providing $1 million for the humanitarian relief effort in Papua New Guinea to assist communities affected by a powerful earthquake and aftershocks in the country’s Highlands area. “We are deeply saddened by the devastation this earthquake has brought to Papua New Guinea,” said Darren W. Woods, chairman and chief executive officer. "Our highest priority remains the safetymore...
  • Mar 1, 2018
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) today announced that it will become the first founding member of the new Stanford Strategic Energy Alliance, an initiative that will examine ways to improve energy access, security and technology while reducing impacts on the environment. As part of its commitment, ExxonMobil will contribute $20 million in funding over five years to research and develop lower-carbon energy solutions. Themore...
  • Feb 28, 2018
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) announced today its seventh oil discovery offshore Guyana, following drilling at the Pacora-1 exploration well. ExxonMobil encountered approximately 65 feet (20 meters) of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 18,363 feet (5,597 meters) depth in 6,781 feet (2,067 meters) of water. Drilling commenced on Jan. 29, 2018. “This latest discoverymore...
  • Feb 21, 2018
    ExxonMobil and its employees will welcome more than 1,000 female students around the country as participants in its 15th annual Introduce a Girl to Engineering Day. The program encourages middle-school girls to learn more about engineering and the career options available in this field.  “ExxonMobil participates in the Introduce a Girl to Engineering program to raise awareness of science, technology, engineering and math subjects, and to motivate young women to consider future careers inmore...
  • Feb 8, 2018
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) said today it added 2.7 billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183 percent of production. ExxonMobil's proved reserves totaled 21.2 billion oil-equivalent barrels at year-end 2017. Liquids represented 57 percent of the reserves, up from 53 percent in 2016. ExxonMobil’s reserves life at current production rates is 14 years. “Our exploration success andmore...
  • Feb 6, 2018
    HOUSTON--(BUSINESS WIRE)--ExxonMobil announced today that a new 1.5 million ton-per-year ethane cracker at its Baytown, Texas complex is mechanically complete with commissioning progressing well. Project startup is expected during the second quarter of 2018. The new ethane cracker, part of ExxonMobil’s multi-billion dollar Baytown chemical expansion project, will provide ethylene feedstock to the new performance polyethylene lines in Mont Belvieu, whichmore...
  • Feb 2, 2018
    IRVING, Texas--(BUSINESS WIRE)--Rob Franklin, president of ExxonMobil Gas & Power Marketing Company, has announced his intention to retire, effective March 1, 2018, after more than 35 years of service. The board of directors of Exxon Mobil Corporation (NYSE:XOM) has appointed Peter Clarke as president of ExxonMobil Gas & Power Marketing Company and elected him as a vice president of the corporation. Clarke is currently vice president, international gasmore...
  • Feb 2, 2018
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil today released its Energy & Carbon Summary: Positioning for a Lower-Carbon Future and its Outlook for Energy: A View to 2040. The reports highlight ExxonMobil’s analysis of 2 degree Celsius (2oC) scenarios and include sensitivity analyses on electric vehicle penetration and renewables deployment. They are in response to a 2017 shareholder resolution seeking additional climate disclosures about the impacts of technologymore...
  • Feb 2, 2018
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM): Net favorable non-cash impacts in the fourth quarter total $4.6 billion, including $5.9 billion relating to U.S. tax reform, partially offset by asset impairments of $1.3 billion Full year cash flow from operations and asset sales exceeds dividends and net investments1 Company makes sixth discovery offshore Guyana, adds acreage in Brazil,more...
  • Feb 1, 2018
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) announced today the election of Steven A. Kandarian to its board of directors, effective Feb. 1, 2018. Kandarian is the chairman, president and chief executive officer of MetLife Inc. With the election of Kandarian, the ExxonMobil board stands at 11 directors, 10 of whom are non-employee directors. Kandarian’s experience leading a large international insurer, along with riskmore...