Public Company Information:
MAPUTO, Mozambique--(BUSINESS WIRE)--ExxonMobil and the United States Agency for International Development (USAID) said today that ExxonMobil will provide $3 million to USAID to design and administer programs that improve social and economic development in Mozambique.
The collaboration was announced by Administrator Mark Green at the 2019 Corporate Council on U.S.-Africa Business Summit.
“This effort will leverage the combined expertise and capabilities of USAID and ExxonMobil to implement sustainable programs that lead to improved quality of life,” said Liam Mallon, president of ExxonMobil Upstream Oil & Gas Company.
USAID will apply its experience and strong expertise to promote stability, governance and development initiatives tailored to help community needs. USAID is committed to deepening collaboration with the private sector in areas ranging from economic growth, energy, agriculture and global health to humanitarian assistance, women’s empowerment and education.
Since 2018, ExxonMobil has invested more than $3 million in community programs that promote improved education, health care, family empowerment, agriculture and biodiversity conservation across Mozambique. These contributions include more than $400,000 in emergency assistance efforts in response to cyclones Idai and Kenneth.
ExxonMobil holds a 25 percent indirect interest in Mozambique Area 4 concession and will lead the construction and operation of the future onshore natural gas liquefaction facilities in Cabo Delgado’s Agfungi peninsula. In addition, ExxonMobil holds joint rights to operate the Angoche basin (A5-B) and the Zambezi Delta (Z5-C and Z5-D) concessions.
ExxonMobil, the largest publicly traded international energy company, uses technology and innovation to help meet the world’s growing energy needs. ExxonMobil is a global leader in LNG project execution and holds an industry-leading inventory of resources, is one of the largest refiners and marketers of petroleum products, and its chemical company is one of the largest in the world. For more information, visit www.exxonmobil.com or follow us on Twitter at www.twitter.com/exxonmobil.
The United States Agency for International Development (USAID) leads the U.S. Government's international development and disaster assistance through partnerships and investments that save lives, reduce poverty, strengthen democratic governance, and help people emerge from humanitarian crises. For more information about USAID’s work to foster sustainable development and advance human dignity visit www.usaid.gov.
Cautionary Statement: Statements of future events or conditions in this release are forward-looking statements. Actual future results, including project plans could differ materially due to changes in long-term market prices of oil and natural gas and other economic conditions affecting the supply and demand for LNG in relevant markets; the outcome of commercial negotiations; actions of competitors; changes in political or regulatory factors, including government approval of development plans; unforeseen technical or operational factors; and other factors cited under the caption “Factors Affecting Future Results” on the Investors page of our website at www.exxonmobil.com.
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