ExxonMobil said today it has signed an agreement with an independent validator, non-profit MiQ, to begin the certification process for natural gas produced at its Permian Basin facilities at Poker Lake, New Mexico. Certified natural gas validates emissions reduction efforts and helps customers meet their emissions goals. This press release features multimedia. View the full release here [...]
ExxonMobil Catalysts and Licensing LLC has introduced ExxonMobil Renewable Diesel process technology to help meet the evolving needs for mobility, while utilizing renewable feedstock. This new process technology converts feedstocks including, but not limited to, vegetable oils, unconverted cooking oil and animal fats, into renewable diesel. Meets advanced cold-flow specifications, while enabling high yields through use of [...]
ExxonMobil today announced its majority-owned affiliate, Imperial Oil Ltd., is moving forward with plans to produce renewable diesel at a new complex at its Strathcona refinery in Edmonton, Canada. When construction is complete, the refinery is expected to produce approximately 20,000 barrels per day of renewable diesel, which could reduce emissions in the Canadian transportation sector by about 3 million metric tons per [...]
The Board of Directors of Exxon Mobil Corp. today declared a cash dividend of $0.87 per share on the Common Stock, payable on September 10, 2021 to shareholders of record of Common Stock at the close of business on August 13, 2021. This third quarter dividend is at the same level as the dividend paid in the second quarter of 2021. Through its dividends, the corporation has shared its success with its shareholders for more [...]
ExxonMobil today said it made a discovery at Whiptail in the Stabroek Block offshore Guyana. The Whiptail-1 well encountered 246 feet of net pay in high quality oil bearing sandstone reservoirs. Drilling is also ongoing at the Whiptail-2 well, which has encountered 167 feet of net pay in high quality oil bearing sandstone reservoirs. Drilling continues at both wells to test deeper targets, and results will be evaluated [...]
Exxon Mobil Corp. will release second quarter 2021 financial results on Friday, July 30, 2021. 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; Jack Williams, senior vice president; and Stephen Littleton, vice president of investor relations and secretary, will review the results during a live, listen-only conference [...]
ExxonMobil and SABIC announced today that their joint venture, Gulf Coast Growth Ventures located near Corpus Christi, Texas, has reached mechanical completion of a monoethylene glycol unit and two polyethylene units. Project startup is expected to begin ahead of schedule, likely in the fourth quarter of 2021. "Gulf Coast Growth Ventures is a key development of our plan to serve growing demand for our high value [...]
Andrew Swiger, senior vice president of Exxon Mobil Corp. , has announced his intention to retire effective Sept. 1 after more than 43 years of service. The board of directors has elected Kathryn Mikells, a former executive with Diageo, United Airlines and Xerox, as senior vice president and chief financial officer, effective Aug. 9. "I'd like to thank Andy, both personally and on behalf of the board of directors, for his [...]
ExxonMobil has signed a Memorandum of Understanding to participate in the recently announced Acorn carbon capture and storage project in Scotland. The project plans to capture and store approximately 5-6 million tons of CO2 per year by 2030 from gas terminals at the St Fergus complex at Peterhead, Scotland, which includes ExxonMobil's joint venture gas terminal. The Acorn Project has the potential to provide more than [...]
ExxonMobil Chemical Company has signed an agreement with Celanese for the sale of its global Santoprene™ business for $1.15 billion, subject to working capital and other adjustments. The sale includes two world-scale manufacturing sites in Pensacola, Florida and Newport, Wales along with associated product, process development and laboratory equipment, operating and administration buildings, control systems and [...]
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