• May 13, 2019
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil said today it has completed an expansion of its specialty elastomers manufacturing plant in Newport, Wales, which doubles the plant’s manufacturing capacity and increases global manufacturing capacity of Santoprene™ thermoplastic elastomers by 25 percent. “ExxonMobil’s high-performance plastics help make automotive and consumer products lighter, resulting in improved fuel efficiency and highermore...
  • May 8, 2019
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil said today it will invest up to $100 million over 10 years to research and develop advanced lower-emissions technologies with the U.S. Department of Energy’s National Renewable Energy Laboratory and National Energy Technology Laboratory. The agreement – among the largest between the department’s laboratories and the private sector – will support research and collaboration into ways to bringmore...
  • May 6, 2019
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil said today that it is providing $100,000 to support disaster relief and recovery efforts in Mozambique following Cyclone Kenneth, which made landfall on April 25. The $100,000 contribution will go to the American Red Cross, which will coordinate its assistance with the Mozambique government’s National Disasters Management Institute in support of ongoing rescue efforts and for food, shelter andmore...
  • May 3, 2019
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil said today it has funded the Liza Phase 2 development offshore Guyana after it received government and regulatory approvals. Liza Phase 2 will produce up to 220,000 barrels of oil per day and further capitalize on the significant development potential of the Stabroek Block, where ExxonMobil estimates producing more than 750,000 barrels of oil per day by 2025. A total of six drill centers aremore...
  • May 2, 2019
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil said today that it will proceed with a $2 billion investment to expand its Baytown, Texas chemical plant, which will create approximately 2,000 jobs during construction and contribute to the approximate 15 percent return the company expects from its chemical investments. The Baytown expansion is in addition to the company’s 2017 Growing the Gulf initiative, which outlined plans to build and expandmore...
  • Apr 26, 2019
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM):                 Firstmore...
  • Apr 25, 2019
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil said today that it is committing $5.7 million in support for local and global organizations working to eliminate malaria around the world. This year’s grants, announced in conjunction with World Malaria Day, will continue the company’s nearly 20-year effort to reduce the global burden of malaria, a disease that still causes an estimated 435,000 deaths annually despite being preventable, treatable and curablemore...
  • Apr 24, 2019
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil said today it will increase its exploration acreage in Namibia with the addition of approximately 7 million net acres (28,000 square kilometers) following the signing of an agreement with the government of Namibia and the National Petroleum Corporation of Namibia (NAMCOR) for blocks 1710 and 1810, and farm-in agreements with NAMCOR for blocks 1711 and 1811A. The blocks extend from the shoreline tomore...
  • Apr 24, 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 June 10, 2019 to shareholders of record of Common Stock at the close of business on May 13, 2019. This second quarter dividend compares with $0.82 cents per share paid in the first quarter of 2019. Through its dividends, the corporation has sharedmore...
  • Apr 24, 2019
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil said today that it has made a final investment decision to expand the Fawley refinery in the United Kingdom to increase production of ultra-low sulfur diesel by almost 45 percent, or 38,000 barrels per day, along with logistics improvements. “ExxonMobil continues to invest in the Fawley refinery and chemical plant, Britain’s largest integrated facility,” said Bryan Milton, president ofmore...