ExxonMobil subsidiary Esso PNG P'nyang Limited, Ampolex Limited, and the Independent State of Papua New Guinea have signed the P'nyang project gas agreement for the proposed development of the P'nyang LNG project. Subject to a final investment decision by the P'nyang project co-venturers, the ExxonMobil-operated P'nyang project would deliver LNG by constructing new upstream facilities in Western Province linked to [...]
ExxonMobil today said it started production at Guyana's second offshore oil development on the Stabroek Block, Liza Phase 2, bringing total production capacity to more than 340,000 barrels per day in only seven years since the country's first discovery. Production at the Liza Unity floating, production, storage and offloading vessel is expected to reach its target of 220,000 barrels of oil later this year, as operations [...]
ExxonMobil said today it is further streamlining its business structure by combining chemical and downstream companies and centralizing technology and engineering, and other support services, to better support customers, enhance performance and grow value. "Our transformed business structure enables us to more fully leverage the corporation's scale, integration, technology advantages, and the skills and capabilities of [...]
ExxonMobil said today that Jennifer Driscoll has been appointed vice president of investor relations, effective Feb. 7, replacing Stephen Littleton, who has elected to retire after 30 years of service. "We welcome Jennifer to ExxonMobil and will leverage her knowledge and experience to enhance our communication with shareholders," said Kathryn Mikells, senior vice president and chief financial officer. "I'd like to thank [...]
The Board of Directors of Exxon Mobil Corp. today declared a cash dividend of $0.88 per share on the Common Stock, payable on March 10, 2022 to shareholders of record of Common Stock at the close of business on February 10, 2022. This first quarter dividend is at the same level as the dividend paid in the fourth quarter of 2021. Through its dividends, the corporation has shared its success with its shareholders for more [...]
Exxon Mobil Corp. will release fourth quarter 2021 financial results on Tuesday, February 1, 2022. A press release will be issued via Business Wire and available at 6:30 a.m. CT at www.exxonmobil.com. Darren Woods, chairman and chief executive officer; Kathy Mikells, senior vice president and chief financial officer; and Stephen Littleton, vice president of investor relations and secretary, will review the results during [...]
ExxonMobil today announced its ambition to achieve net zero greenhouse gas emissions for operated assets by 2050, backed by a comprehensive approach to develop detailed emission-reduction roadmaps for major facilities and assets. The net-zero ambition is contained in the company's Advancing Climate Solutions - 2022 Progress Report, formerly known as the Energy & Carbon Summary. The net-zero aspiration applies to Scope 1 [...]
ExxonMobil is expanding its interests in biofuels that can help reduce greenhouse gas emissions in the transportation sector, acquiring a 49.9% stake in Biojet AS, a Norwegian biofuels company that plans to convert forestry and wood-based construction waste into lower-emissions biofuels and biofuel components. Biojet AS plans to develop up to five facilities to produce the biofuels and biofuel components. The company [...]
ExxonMobil today said it made two oil discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block offshore Guyana. The Fangtooth-1 well encountered approximately 164 feet of high-quality oil-bearing sandstone reservoirs. The well was drilled in 6,030 feet of water and is located approximately 11 miles northwest of the Liza field. The Lau Lau-1 well encountered approximately 315 feet of high-quality hydrocarbon-bearing [...]
ExxonMobil and Scepter, Inc. have agreed to work together to deploy advanced satellite technology and proprietary data processing platforms to detect methane emissions at a global scale. The agreement has the potential to redefine methane detection and mitigation efforts and could contribute to broader satellite-based emission reduction efforts across a dozen industries, including energy, agriculture, manufacturing and [...]
Materia, Inc., a high-performance structural materials company that has pioneered the development of a Nobel Prize-winning technology for making a new class of polymers, today announced that it has been acquired by ExxonMobil Chemical Company, a division of ExxonMobil Corporation . This acquisition couples Materia's Nobel Prize-winning technology with ExxonMobil's complimentary proprietary processes and world-class [...]
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