• 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. “Themore...
    LNG
  • Jun 25, 2018
    WASHINGTON--(BUSINESS WIRE)--ExxonMobil subsidiary XTO Energy Inc. today said it has reduced methane emissions from its operations by 9 percent since 2016, demonstrating significant progress in its methane emissions reduction program and other initiatives. Of that amount, a reduction of close to 4 percent, or more than 7,200 metric tons of methane, was achieved through XTO’s voluntary program and other operational improvements, XTO President Sara Ortweinmore...
  • Jun 20, 2018
    SINGAPORE--(BUSINESS WIRE)--ExxonMobil said today it has started production of hydrogenated hydrocarbon resin and halobutyl rubber at its integrated manufacturing complex in Singapore, the company’s largest integrated refining and petrochemical complex in the world. “These new plants enhance the competitiveness and strategic importance of ExxonMobil’s integrated manufacturing facility in Singapore, and are part of the company’s long-term plan for advantagedmore...
  • Jun 20, 2018
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) said today it made its eighth oil discovery offshore Guyana at the Longtail-1 well, creating the potential for additional resource development in the southeast area of the Stabroek Block. ExxonMobil encountered approximately 256 feet (78 meters) of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 18,057 feet (5,504 meters) depth in 6,365 feet (1,940 meters) ofmore...
  • Jun 12, 2018
    IRVING, Texas--(BUSINESS WIRE)--The Liza Phase 1 development continues to rapidly progress, with the commencement of development drilling offshore Guyana, ExxonMobil said today. Development drilling began in May for the first of 17 wells planned for Phase 1, laying the foundation for production startup in 2020. The company and its co-venturers have so far discovered estimated recoverable resources of more than 3.2 billion oil-equivalent barrels on the Stabroekmore...
  • Jun 8, 2018
    IRVING, Texas--(BUSINESS WIRE)--Michael J. Dolan, senior vice president of Exxon Mobil Corporation (NYSE:XOM), has announced his intention to retire, effective Aug. 1, 2018, after 38 years of service. Dolan was elected to his current position as senior vice president and a member of the corporation's Management Committee in 2008. Dolan held a variety of technical and managerial positions in the company’s global petroleum refining and petrochemical businessesmore...
  • Jun 8, 2018
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) said today that Malcolm Farrant, vice president of human resources, has elected to retire after 35 years of service. The board of directors has elected Tracey Gunnlaugsson, president of SeaRiver Maritime Inc., as vice president of human resources, effective August 1, 2018. Farrant, a native of the U.K., joined Mobil Corporation in 1983 after receiving a bachelor’s degree in chemistry frommore...
  • Jun 7, 2018
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil has increased its holdings in Brazil’s pre-salt basins after winning the Uirapuru exploration block with co-venturers Equinor and Petrogal Brasil during Brazil’s 4th pre-salt bid round. The block awarded adds about 88,900 net acres to the ExxonMobil portfolio, expanding the company’s total position in the country to more than 2.2 million net acres. “Uirapuru is a uniquely valuable block that representsmore...