FN Media Group Presents Oilprice.com Market Commentary A three-well drill campaign has just been launched by a small-cap explorer in a massive Permian basin that could end up being the next major conventional onshore oil discovery in the world. And everyone's watching as many names in the oil industry and resource assessment gather around Reconnaissance Energy . Mentioned in today's commentary includes: [...]
ExxonMobil said today it plans further reductions in greenhouse gas emissions over the next five years to support the goals of the Paris Agreement and anticipates meeting year-end 2020 reductions. ExxonMobil plans to reduce the intensity of operated upstream greenhouse gas emissions by 15 to 20 percent by 2025, compared to 2016 levels. This will be supported by a 40 to 50 percent decrease in methane intensity, and a 35 to [...]
ExxonMobil and PETRONAS have discovered hydrocarbons at the Sloanea-1 exploration well on Block 52 offshore Suriname, adding to ExxonMobil’s extensive finds in the Guyana-Suriname basin. The well was drilled by operator PETRONAS, and the discovery is being evaluated to determine its resource potential. “Our first discovery in Suriname extends ExxonMobil’s leading position in South America, building on our successful [...]
ExxonMobil has completed a review of its forward business plans and will prioritize near-term capital spending on advantaged assets with the highest potential future value, including developments in Guyana and the U.S. Permian Basin, targeted exploration in Brazil and Chemicals projects to grow high-value performance products. “Recent exploration success and reductions in development costs of strategic investments have [...]
Exxon Mobil Corp. : Second Third Quarter Quarter First Nine Months 2020 2019 2020 2020 2019 Results Summary Earnings/ 3,170 8,650 Earnings/ Per Common Share Assuming Dilution 0.75 2.03 Identified Items Per Common Share Assuming Dilution 0.03 0.07 0.44 0.19 Earnings/ Excluding Identified Items Per Common Share Assuming Dilution 0.68 1.84 Capital and Exploration Expenditures 4,133 7,719 5,327 16,603 22,688 [...]
The Board of Directors of Exxon Mobil Corp. today declared a cash dividend of $0.87 cents per share on the Common Stock, payable on December 10, 2020 to shareholders of record of Common Stock at the close of business on November 12, 2020. This fourth quarter dividend is at the same level as the dividend paid in the third quarter of 2020. Through its dividends, the corporation has shared its success with its shareholders [...]
Exxon Mobil Corp. will release third quarter 2020 financial results on Friday, October 30, 2020. A press release will be issued via Business Wire and available at 6:30 a.m. CT at www.exxonmobil.com. Andrew Swiger, senior vice president; 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 call at 8:30 [...]
Randall Ebner, vice president and general counsel for Exxon Mobil Corp. , has announced his retirement effective November 1, 2020, after more than 40 years of service. The board of directors has elected Craig Morford as vice president and general counsel for the company. Morford is currently deputy general counsel. “We thank Randy for more than 40 years of service to the company, most recently as our general counsel [...]
ExxonMobil has made its final investment decision to proceed with the Payara field offshore development in Guyana after receiving government approvals. Payara is the third project in the Stabroek Block and is expected to produce up to 220,000 barrels of oil per day after startup in 2024, using the Prosperity floating production, storage and offloading vessel. This press release features multimedia. View the full release [...]
ExxonMobil and Global Thermostat have expanded their joint development agreement following 12 months of technical evaluation to determine the feasibility and potential scalability of Global Thermostat’s technology that captures carbon dioxide directly from the air. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200921005247/en/ “ExxonMobil’s scientists continue [...]
ExxonMobil and the National Math and Science Initiative are bringing college readiness and foundational education programs to students in Permian-area schools in Midland Independent School District and Ector County Independent School District in Texas and the Carlsbad Municipal School District in New Mexico. This press release features multimedia. View the full release here [...]
ExxonMobil has made its 18th discovery offshore Guyana at the Redtail-1 well which will add to the previously announced estimated recoverable resource of more than 8 billion oil-equivalent barrels on the Stabroek Block. “Our Stabroek Block exploration program continues to identify high-quality reservoirs in close proximity to previous discoveries, establishing efficient opportunities for new projects in Guyana,” said Mike [...]
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