• May 14, 2019
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil said today that 806 accredited colleges and universities in the United States will receive a total of $50.4 million as part of the ExxonMobil Foundation’s 2018 Educational Matching Gift Program. Nearly 4,000 ExxonMobil employees and retirees contributed more than $17 million to institutions of higher education in 2018, which will be matched with over $32 million in unrestricted grants from the foundationmore...
  • May 14, 2019
    MAPUTO, Mozambique--(BUSINESS WIRE)--Mozambique Rovuma Venture said today that the government of Mozambique had approved its development plan for the Rovuma LNG project, which will produce, liquefy and market natural gas from three reservoirs located in the Area 4 block offshore Mozambique, two of which straddle the boundary with neighboring Area 1. “The development plan approval marks another significant step toward a final investmentmore...
    LNG
  • 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...