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  • Mar 2, 2018
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) said today that it is providing $1 million for the humanitarian relief effort in Papua New Guinea to assist communities affected by a powerful earthquake and aftershocks in the country’s Highlands area. “We are deeply saddened by the devastation this earthquake has brought to Papua New Guinea,” said Darren W. Woods, chairman and chief executive officer. "Our highest priority remains the safetymore...
  • Mar 1, 2018
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) today announced that it will become the first founding member of the new Stanford Strategic Energy Alliance, an initiative that will examine ways to improve energy access, security and technology while reducing impacts on the environment. As part of its commitment, ExxonMobil will contribute $20 million in funding over five years to research and develop lower-carbon energy solutions. Themore...
  • Feb 28, 2018
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) announced today its seventh oil discovery offshore Guyana, following drilling at the Pacora-1 exploration well. ExxonMobil encountered approximately 65 feet (20 meters) of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 18,363 feet (5,597 meters) depth in 6,781 feet (2,067 meters) of water. Drilling commenced on Jan. 29, 2018. “This latest discoverymore...
  • Feb 21, 2018
    ExxonMobil and its employees will welcome more than 1,000 female students around the country as participants in its 15th annual Introduce a Girl to Engineering Day. The program encourages middle-school girls to learn more about engineering and the career options available in this field.  “ExxonMobil participates in the Introduce a Girl to Engineering program to raise awareness of science, technology, engineering and math subjects, and to motivate young women to consider future careers inmore...
  • Feb 8, 2018
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) said today it added 2.7 billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183 percent of production. ExxonMobil's proved reserves totaled 21.2 billion oil-equivalent barrels at year-end 2017. Liquids represented 57 percent of the reserves, up from 53 percent in 2016. ExxonMobil’s reserves life at current production rates is 14 years. “Our exploration success andmore...
  • Feb 6, 2018
    HOUSTON--(BUSINESS WIRE)--ExxonMobil announced today that a new 1.5 million ton-per-year ethane cracker at its Baytown, Texas complex is mechanically complete with commissioning progressing well. Project startup is expected during the second quarter of 2018. The new ethane cracker, part of ExxonMobil’s multi-billion dollar Baytown chemical expansion project, will provide ethylene feedstock to the new performance polyethylene lines in Mont Belvieu, whichmore...
  • Feb 2, 2018
    IRVING, Texas--(BUSINESS WIRE)--Rob Franklin, president of ExxonMobil Gas & Power Marketing Company, has announced his intention to retire, effective March 1, 2018, after more than 35 years of service. The board of directors of Exxon Mobil Corporation (NYSE:XOM) has appointed Peter Clarke as president of ExxonMobil Gas & Power Marketing Company and elected him as a vice president of the corporation. Clarke is currently vice president, international gasmore...
  • Feb 2, 2018
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil today released its Energy & Carbon Summary: Positioning for a Lower-Carbon Future and its Outlook for Energy: A View to 2040. The reports highlight ExxonMobil’s analysis of 2 degree Celsius (2oC) scenarios and include sensitivity analyses on electric vehicle penetration and renewables deployment. They are in response to a 2017 shareholder resolution seeking additional climate disclosures about the impacts of technologymore...
  • Feb 2, 2018
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM): Net favorable non-cash impacts in the fourth quarter total $4.6 billion, including $5.9 billion relating to U.S. tax reform, partially offset by asset impairments of $1.3 billion Full year cash flow from operations and asset sales exceeds dividends and net investments1 Company makes sixth discovery offshore Guyana, adds acreage in Brazil,more...
  • Feb 1, 2018
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) announced today the election of Steven A. Kandarian to its board of directors, effective Feb. 1, 2018. Kandarian is the chairman, president and chief executive officer of MetLife Inc. With the election of Kandarian, the ExxonMobil board stands at 11 directors, 10 of whom are non-employee directors. Kandarian’s experience leading a large international insurer, along with riskmore...
  • Jan 31, 2018
    IRVING, Texas--(BUSINESS WIRE)--The Board of Directors of Exxon Mobil Corporation (NYSE:XOM) today declared a cash dividend of $0.77 per share on the Common Stock, payable on March 9, 2018 to shareholders of record of Common Stock at the close of business on February 12, 2018. This first quarter dividend is at the same level as the dividend paid in the fourth quarter of 2017. Through its dividends, the corporation has shared its success with itsmore...
  • Jan 30, 2018
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil today announced that it plans to triple total daily production to more than 600,000 oil-equivalent barrels by 2025 from its operations in the Permian Basin in West Texas and New Mexico. Tight oil production from the Delaware and Midland basins will increase five-fold in the same period. Recent changes in the U.S. corporate tax rate create an environment for increased future capital investments, including ExxonMobil’smore...
  • Jan 29, 2018
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) will release fourth quarter and full year 2017 financial results on Friday, February 2, 2018. A press release will be issued via Business Wire and available at 7 a.m. CT at www.exxonmobil.com. Jeff Woodbury, vice president of Investor Relations, 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 (800)more...
  • Jan 22, 2018
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil has been named 2017 Explorer of the Year by the World Oil and Gas Council in recognition of excellence and innovation in the global energy industry. “This award is recognition of ExxonMobil’s successful efforts to strengthen our portfolio by accessing and discovering the highest quality resources,” said Steve Greenlee, president of ExxonMobil Exploration Company. “This recognition would not be possible without themore...
  • Jan 18, 2018
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil today announced that it has signed a petroleum agreement with the government of Ghana to acquire exploration and production rights for the Deepwater Cape Three Points block. The agreement is subject to parliamentary ratification. Exploration activities, including acquisition of seismic data and analysis, are expected to commence later in 2018. The Deepwater Cape Three Points block, located 57 miles (92 kilometers) offmore...