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  • Sep 28, 2018
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil has increased its holdings in Brazil’s pre-salt basins after it won the Titã exploration block with co-venturer Qatar Petroleum during Brazil’s 5th pre-salt bid round. The block awarded added more than 71,500 net acres to the ExxonMobil portfolio, expanding the company’s total position in the country to approximately 2.3 million net acres. “With the acquisition of this block, wemore...
  • Sep 26, 2018
    SPRING, Texas--(BUSINESS WIRE)--ExxonMobil said today that a new unit at its integrated Beaumont, Texas facility has started operations, increasing production of ultra-low sulfur fuels by about 45,000 barrels per day. The new unit relies on a proprietary catalyst system developed by ExxonMobil to remove sulfur and meet U.S. Environmental Protection Agency specifications while minimizing octane loss. The addition of the new unit, ExxonMobil’smore...
  • Sep 20, 2018
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil today said it will join the Oil and Gas Climate Initiative (OGCI), a voluntary initiative representing 13 of the world’s largest oil and gas producers working collaboratively toward solutions to mitigate the risks of climate change. The CEO-led organization focuses on developing practical solutions in areas including carbon capture and storage, methane emissions reductions and energy andmore...
  • Sep 5, 2018
    SPRING, Texas--(BUSINESS WIRE)--ExxonMobil said today that it has signed a cooperation framework agreement with the Guangdong Provincial People’s Government to advance discussions concerning the proposed construction of a chemical complex in the Huizhou Dayawan Petrochemical Industrial Park. The new facility would help meet expected demand growth for chemical products in China. The multibillion-dollar project, which remains subject to a finalmore...
  • Aug 30, 2018
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil (NYSE:XOM) has made its ninth discovery offshore Guyana at the Hammerhead-1 well, marking its fifth discovery on the Stabroek Block in the past year and proving a new play concept for potential development. Hammerhead-1 encountered approximately 197 feet (60 meters) of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 13,862 feet (4,225 meters) depth in 3,773 feet (1,150more...
  • Jul 27, 2018
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM):         Firstmore...
  • Jul 26, 2018
    HOUSTON--(BUSINESS WIRE)--ExxonMobil said today that operations have commenced at its new 1.5 million ton-per-year ethane cracker at the company’s integrated Baytown chemical and refining complex. The new cracker, part of ExxonMobil’s Growing the Gulf initiative, will provide ethylene feedstock to new performance polyethylene lines at the company’s Mont Belvieu plastics plant, which began production in the fall of 2017. The Mont Belvieu plant ismore...
  • Jul 25, 2018
    IRVING, Texas--(BUSINESS WIRE)--The Board of Directors of Exxon Mobil Corporation (NYSE:XOM) today declared a cash dividend of $0.82 cents per share on the Common Stock, payable on September 10, 2018 to shareholders of record of Common Stock at the close of business on August 13, 2018. This third quarter dividend is at the same level as the dividend paid in the second quarter of 2018. Through its dividends, the corporation has shared its success withmore...
  • Jul 23, 2018
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) will release second quarter 2018 financial results on Friday, July 27, 2018. A press release will be issued via Business Wire and available at 7 a.m. CT at www.exxonmobil.com. Neil Chapman, senior vice president, and Neil Hansen, vice president of Investor Relations and secretary, will review the results during a listen-only conference call at 8:30 a.m. CT. The earnings presentation can bemore...
  • Jul 23, 2018
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil said today it has increased its estimate of the discovered recoverable resources for the Stabroek Block offshore Guyana to more than 4 billion oil-equivalent barrels and has advanced its evaluation to support a third phase of development and consideration of two additional phases. The increase follows completion of testing at the Liza-5 appraisal well, a discovery at Ranger, incorporation of the eighth discovery, Longtailmore...
  • Jul 11, 2018
    HOUSTON--(BUSINESS WIRE)--ExxonMobil today launched Exxon Mobil Rewards+™, a new loyalty program that will enable customers to earn and redeem points on fuel, car washes and convenience store purchases at participating Exxon and Mobil stations across the United States. The Exxon Mobil Rewards+ program is unique because it includes convenience store purchases, further enhancing customers’ benefits and experiences beyond the offerings of competing programsmore...
  • Jul 9, 2018
    MAPUTO, Mozambique--(BUSINESS WIRE)--Mozambique Rovuma Venture has submitted the development plan to the government for the first phase of the Rovuma LNG project, which will produce, liquefy and market natural gas from the Mamba fields located in the Area 4 block offshore Mozambique. The plan details the proposed design and construction of two liquefied natural gas trains which will each produce 7.6 million tons of LNG per year. ExxonMobil will leadmore...
  • Jul 2, 2018
    IRVING, Texas & GEORGETOWN, Guyana--(BUSINESS WIRE)--ExxonMobil Foundation said today that it will contribute US$10 million to a new collaboration with Conservation International and the University of Guyana to train Guyanese for sustainable job opportunities and to expand community-supported conservation. The investment is also intended to support Guyana’s Green State Development Plan, the country’s 15-year development plan that aims, among other things, to diversify Guyana’s economy andmore...
  • Jun 28, 2018
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil has completed the acquisition of PT Federal Karyatama (FKT), one of Indonesia’s largest manufacturers and marketers of motorcycle lubricants, from PT Mitra Pinasthika Mustika Tbk. and its affiliate. The acquisition, first announced in April, includes the Federal Oil brand and a 700,000 barrel per year blending plant in Cilegon, Indonesia. The acquisition of FKT and its distribution network, which is supported by aboutmore...
  • Jun 27, 2018
    WASHINGTON--(BUSINESS WIRE)--ExxonMobil and Eni said today that marketing efforts are underway for the Rovuma LNG project, which will produce, liquefy and sell natural gas from the gas fields of the Area 4 block offshore Mozambique. Senior management representatives of the co-venture parties (ExxonMobil, Eni, CNODC, ENH, Kogas and Galp) met today during World Gas Conference in Washington, D.C. to affirm marketing progress. “The key strength of Areamore...