• Jun 27, 2019
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil and Global Thermostat said today that they have signed a joint development agreement to advance breakthrough technology that can capture and concentrate carbon dioxide emissions from industrial sources, including power plants, and the atmosphere. The companies will evaluate the potential scalability of Global Thermostat’s carbon capture technology for large industrial use. If technical readiness and scalability is established, pilot projects atmore...
  • Jun 19, 2019
    MAPUTO, Mozambique--(BUSINESS WIRE)--ExxonMobil and the United States Agency for International Development (USAID) said today that ExxonMobil will provide $3 million to USAID to design and administer programs that improve social and economic development in Mozambique. The collaboration was announced by Administrator Mark Green at the 2019 Corporate Council on U.S.-Africa Business Summit. “This effort will leverage themore...
    LNG
  • Jun 13, 2019
    IRVING, Texas & RIYADH, Saudi Arabia--(BUSINESS WIRE)--ExxonMobil and SABIC today announced the decision to proceed with the construction of a chemical facility and a 1.8 million metric ton ethane steam cracker in San Patricio County, Texas, leading to thousands of high-paying jobs and billions in economic output. “Building the world’s largest steam cracker, with state-of-the-art technology, on the doorstep of rapidly growing Permianmore...
  • Jun 12, 2019
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil today said that it has completed an expansion at its Singapore refinery to upgrade its production of EHC™ Group II base stocks, strengthening the global supply of high-quality base stocks and enhancing the integrated facility’s competitiveness. The expansion will enable customers to blend lubricants that satisfy more stringent specifications, help lower emissions and improve fuel economy andmore...
  • Jun 11, 2019
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil said today it is proceeding with a long-term oil development in Argentina’s Bajo del Choique-La Invernada block. The project is expected to produce up to 55,000 oil-equivalent barrels per day within five years and will include 90 wells, a central production facility and export infrastructure connected to the Oldeval pipeline and refineries. “We are encouraged by the excellent results of our Neuquénmore...
  • Jun 10, 2019
    IRVING, Texas--(BUSINESS WIRE)--The ExxonMobil Foundation said today that it is providing $55,000 in grants to nonprofit agencies in Dallas County as part of its Community Summer Jobs Program. The program, entering its 29th-consecutive year, supports local agencies’ hiring of college students to help provide additional assistance to those in need in area communities. The students, who themselves will gain valuable work experience whilemore...
  • Jun 5, 2019
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil and its partners said today they will further invest in Block 15 offshore Angola to increase production as part of an agreement with Angola’s recently established National Agency for Petroleum, Gas and Biofuels. As part of the agreement, Sonangol, Angola’s state oil company, will receive a 10 percent equity interest. “This renewed collaboration will enable Angola to optimize recovery and addmore...
  • May 29, 2019
    DALLAS--(BUSINESS WIRE)--ExxonMobil is progressing growth plans to substantially increase earnings and cash flow potential while researching technology breakthroughs to reduce emissions, Chairman and CEO Darren Woods told shareholders during the company’s annual meeting today. “We are committed to sharing the company’s success with our shareholders,” said Woods. “Higher earnings and increased cash flow from our investments are a goodmore...
  • May 20, 2019
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil is holding its annual meeting of shareholders on Wednesday, May 29, 2019. Media access will only be provided to authorized representatives of commercial news organizations who register by Friday, May 24, 2019. Please note, only media who have registered before the deadline will be provided access to the annual meeting. The meeting will be held at the Renaissance Dallas Hotel, 2222 Northmore...
  • May 17, 2019
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil today said a new study estimates the company’s development of Permian Basin resources in New Mexico will generate approximately $64 billion in net economic benefits for the state and local communities over the next 40 years, creating thousands of new jobs and providing increased funding for education, health and human services and infrastructure improvements. “The Permian Basin is the engine ofmore...