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  • Aug 27, 2017
    HOUSTON--(BUSINESS WIRE)--ExxonMobil Chemical Company announced today that its Singapore affiliate has completed its acquisition of one of the world’s largest aromatics facilities on Jurong Island in Singapore. The acquisition was first announced in May 2017. The facility, previously owned by Jurong Aromatics Corporation, is located near ExxonMobil’s largest integrated refining and petrochemical complex, which has an ethylene production capacity of 1.9 millionmore...
  • Aug 25, 2017
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) announced today that it is allocating $500,000 for contributions to regional Red Cross organizations along the U.S. Gulf Coast to assist with relief efforts in communities expected to be impacted by Hurricane Harvey. "Our thoughts and prayers are with the residents of Texas and Louisiana Gulf Coast communities currently in the path of Hurricane Harvey," said Darren W. Woods, ExxonMobil chairmanmore...
  • Jul 28, 2017
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM): Funded Phase 1 of world-class Guyana Liza development, with first oil expected by 2020 Progressed investments in advantaged manufacturing sites and acquired strategic assets in Singapore to meet growing product demand Cash flow from operating activities covered second quarter dividends and additions to property, plant and equipmentmore...
  • Jul 26, 2017
    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 September 11, 2017 to shareholders of record of Common Stock at the close of business on August 14, 2017. This third quarter dividend is at the same level as the dividend paid in the second quarter of 2017. Through its dividends, the corporation has shared its success with itsmore...
  • Jul 25, 2017
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) today announced it has discovered additional oil in the Payara reservoir offshore Guyana, increasing the total Payara discovery to approximately 500 million oil-equivalent barrels. These positive well results increase the estimated gross recoverable resource for the Stabroek Block to between 2.25 billion oil-equivalent barrels and 2.75 billion oil-equivalent barrels. The well wasmore...
  • Jul 24, 2017
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) will release second quarter results on Friday, July 28, 2017. 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 (888) 401-4691 (United States) or (323more...
  • Jul 20, 2017
    IRVING, Texas--(BUSINESS WIRE)--ExxonMobil said today it has launched a legal challenge to a finding by the Treasury Department’s Office of Foreign Assets Control (OFAC) that it violated U.S. sanctions against Russia in 2014 when the company followed authoritative and specific guidance from the Obama administration that OFAC retroactively changed a year later. “OFAC seeks to retroactively enforce a new interpretation of an executive order that is inconsistentmore...
  • Jul 17, 2017
    IRVING, Texas & MADISON, Wis.--(BUSINESS WIRE)--The University of Wisconsin-Madison and ExxonMobil have announced a two-year renewal of an agreement to research the fundamental chemistry of converting biomass into transportation fuels. The research is part of a broad effort to identify scalable and commercially viable solutions to help meet increasing global energy demand with a renewable resource. UW-Madison has long been known for its expertise in biomass conversion. Themore...
  • Jul 13, 2017
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) announced today that its subsidiary ExxonMobil Exploration and Production Suriname B.V., along with co-venturers Hess and Statoil, signed a production sharing contract for Block 59 with Staatsolie Maatschappij Suriname N.V., the national oil company of Suriname. The block adds significant acreage to ExxonMobil’s operated portfolio in the Guyana-Suriname Basin. Deepwater Block 59 is in watermore...
  • Jun 19, 2017
    IRVING, Texas & LA JOLLA, Calif.--(BUSINESS WIRE)--ExxonMobil and Synthetic Genomics Inc. today announced a breakthrough in joint research into advanced biofuels involving the modification of an algae strain that more than doubled its oil content without significantly inhibiting the strain’s growth. Using advanced cell engineering technologies at Synthetic Genomics, the ExxonMobil-Synthetic Genomics research team modified an algae strain to enhance the algae’s oil content from 20more...
  • Jun 16, 2017
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) said today it has made a final investment decision to proceed with the first phase of development for the Liza field, one of the largest oil discoveries of the past decade, located offshore Guyana. The company also announced positive results from the Liza-4 well, which encountered more than 197 feet (60 meters) of high-quality, oil-bearing sandstone reservoirs, which will underpin a potentialmore...
  • Jun 14, 2017
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) today announced positive production well test results from the Muruk 1 sidetrack 3 well in the Papua New Guinea North Highlands located about 13 miles (21 kilometers) northwest of the Hides gas field. The well successfully flowed gas at a rate of 16 million standard cubic feet per day. The well rate was constrained by test facilities which limited tests to short flow and build up periods.more...
  • Jun 9, 2017
    IRVING, Texas--(BUSINESS WIRE)--New York Attorney General Eric Schneiderman made “inflammatory, reckless and false allegations” when he misstated how ExxonMobil assesses the potential impacts of climate policy on its business to justify expanding a politically based investigation with “ever-shifting and unravelling investigative theories.” “From the outset of this investigation, it has been clear that the attorney general is working backwards from an assumption ofmore...
  • Jun 5, 2017
    IRVING, Texas--(BUSINESS WIRE)--Exxon Mobil Corporation (NYSE:XOM) today announced that its wholly owned affiliate, Exploration and Production Equatorial Guinea (Deepwater) Ltd., has signed a production sharing contract with the government of Equatorial Guinea for a deepwater block located 36 miles west of Malabo. “We look forward to building on our more than 20-year history of safe operations in Equatorial Guinea with this new high-quality explorationmore...
  • May 24, 2017
    AUSTIN, Texas--(BUSINESS WIRE)--To commemorate the 20th anniversary of the UTeach program, ExxonMobil has provided a grant of more than $275,000 to DonorsChoose.org that will provide each public school UTeach alumnus with funding for classroom projects. The UTeach program is an innovative, university-based teacher preparation initiative that has significantly increased the number of qualified science, technology, engineering and math (STEM) teachers in U.S. secondary schoolsmore...