• Dec 30, 2019
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil said today it has secured more than 1.7 million acres for exploration offshore Egypt. “These awards strengthen our exploration portfolio in the Eastern Mediterranean,” said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil. “We look forward to working with the government and deploying our proven expertise and advanced technology.” The acquisition includes acreage in the 1.2 million North Marakia Offshore block,more...
  • Dec 23, 2019
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil (NYSE:XOM) said today it made an oil discovery offshore Guyana at the Mako-1 well southeast of the Liza field, marking the 15th discovery on the Stabroek Block. The discovery adds to the previously announced estimated recoverable resource of more than 6 billion oil-equivalent barrels on the Stabroek Block. Mako-1 encountered approximately 164 feet (50 meters) of a high-quality oil bearing sandstone reservoir. Mako-1, drilled in 5,315 feet (1,620more...
  • Dec 20, 2019
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil today announced that oil production has started from the Liza field offshore Guyana ahead of schedule and less than five years after the first discovery of hydrocarbons, which is well ahead of the industry average for deepwater developments. Production from the first phase of the Liza field, located in the Stabroek Block, is expected to reach full capacity of 120,000 barrels of oil per day in coming months, and the first cargo is set to be soldmore...
  • Dec 10, 2019
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil today issued the following statement in response to the verdict from the Supreme Court of the State of New York: “Today’s ruling affirms the position ExxonMobil has held throughout the New York Attorney General’s baseless investigation. We provided our investors with accurate information on the risks of climate change. The court agreed that the Attorney General failed to make a case, even with the extremely low threshold of the Martin Act in itsmore...
  • Nov 26, 2019
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) said today that Joseph L. Hooley has been elected to its board of directors, effective Jan. 1, 2020. Hooley currently serves as the non-executive board chairman of State Street Corporation and was its chief executive officer from 2010 to 2018. With the election of Hooley, the ExxonMobil board stands at 11 directors, 10 of whom are non-employee directors. Hooley’s previous experience leading a large global financial servicesmore...
  • Nov 6, 2019
    IRVING, Texas & DANBURY, Conn.--(BUSINESS WIRE)--ExxonMobil and FuelCell Energy, Inc. said today they have signed a new, two-year expanded joint-development agreement to further enhance carbonate fuel cell technology for the purpose of capturing carbon dioxide from industrial facilities. The agreement, worth up to $60 million, will focus efforts on optimizing the core technology, overall process integration and large-scale deployment of carbon capture solutions. ExxonMobil is exploringmore...
  • Nov 1, 2019
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE: XOM):                 Second                 Third Quarter     Quarter     First Nine Months           2019 2018   % 2019 %   2019 2018   % Earnings Summary                         (Dollarsmore...
  • Oct 30, 2019
    IRVING, Texas--(BUSINESS WIRE)--The Board of Directors of Exxon Mobil Corporation (NYSE:XOM) today declared a cash dividend of $0.87 cents per share on the Common Stock, payable on December 10, 2019 to shareholders of record of Common Stock at the close of business on November 12, 2019. This fourth quarter dividend is at the same level as the dividend paid in the third quarter of 2019. Through its dividends, the corporation has shared its success with its shareholders for more than 100more...
  • Oct 28, 2019
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) will release third quarter 2019 financial results on Friday, November 1, 2019. A press release will be issued via Business Wire and available at 6:30 a.m. CT at www.exxonmobil.com. Neil Hansen, vice president and secretary, will review the results during a listen-only conference call at 8:30 a.m. CT. The earnings presentation can be accessed via webcast or by calling (888) 516-2433 (United States) or (323) 994-2096 (more...
  • Oct 21, 2019
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil said today it extended its support of the MIT Energy Initiative’s (MITEI) low-carbon energy research and education mission by renewing its status as a founding member for another five years. ExxonMobil first signed on as a member of the initiative in 2014. “This collaboration between academia and industry has benefited research in areas including solar, mobility and carbon capture, utilization and storage,” says MITEI Director Robert C. Armstrong. “more...