Exxon Mobil Corp.

Exxon Mobil Corp. : Third Fourth Quarter Quarter Twelve Months 2019 2018 % 2019 % 2019 2018 % Earnings Summary Earnings 5,690 6,000 -5 3,170 79 14,340 20,840 -31 Earnings Per Common Share Assuming Dilution 1.33 1.41 -6 0.75 77 3.36 4.88 -31 Capital and Exploration Expenditures 8,460 7,843 8 7,719 10 31,148 25,923 20 Exxon Mobil Corp. today announced estimated fourth quarter 2019 earnings of $5.7 billion, or $1.33 per [...]

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 March 10, 2020 to shareholders of record of Common Stock at the close of business on February 11, 2020. This first quarter dividend is at the same level as the dividend paid in the fourth quarter of 2019. Through its dividends, the corporation has shared its success with its shareholders for [...]

Exxon Mobil Corp. will release fourth quarter 2019 financial results on Friday, January 31, 2020. 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, and Neil Hansen, vice president and secretary, will review the results during a live, listen-only conference call at 8:30 a.m. CT. The earnings presentation can be accessed [...]

ExxonMobil has increased its estimated recoverable resource base in Guyana to more than 8 billion oil equivalent barrels and made a further oil discovery northeast of the producing Liza field at the Uaru exploration well, the 16th discovery on the Stabroek Block. The new recoverable resource estimate includes 15 discoveries offshore Guyana through year-end 2019. The Uaru discovery is the first of 2020 and will be added to [...]

ExxonMobil announced today that ExxonMobil Catalysts and Licensing LLC and Axens have signed a licensing alliance agreement to allow Axens to provide ExxonMobil’s FLEXICOKING™ technology and integrated resid conversion solutions. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20200114005540/en/ The FLEXICOKING process Under the agreement, Axens is [...]

ExxonMobil said today it has secured more than 1.7 million acres for exploration offshore Egypt. “These awards strengthen our exploration portfolio in the Eastern Mediterranean,” said Mike Cousins, senior vice president of exploration and new ventures at ExxonMobil. “We look forward to working with the government and deploying our proven expertise and advanced technology.” The acquisition includes [...]

ExxonMobil said today it made an oil discovery offshore Guyana at the Mako-1 well southeast of the Liza field, marking the 15th discovery on the Stabroek Block. The discovery adds to the previously announced estimated recoverable resource of more than 6 billion oil-equivalent barrels on the Stabroek Block. Mako-1 encountered approximately 164 feet of a high-quality oil bearing sandstone reservoir. Mako-1, drilled in 5,315 [...]

ExxonMobil today announced that oil production has started from the Liza field offshore Guyana ahead of schedule and less than five years after the first discovery of hydrocarbons, which is well ahead of the industry average for deepwater developments. Production from the first phase of the Liza field, located in the Stabroek Block, is expected to reach full capacity of 120,000 barrels of oil per day in coming months, and [...]

ExxonMobil today issued the following statement in response to the verdict from the Supreme Court of the State of New York: “Today’s ruling affirms the position ExxonMobil has held throughout the New York Attorney General’s baseless investigation. We provided our investors with accurate information on the risks of climate change. The court agreed that the Attorney General failed to make a case, even with [...]

Exxon Mobil Corp. said today that Joseph L. Hooley has been elected to its board of directors, effective Jan. 1, 2020. Hooley currently serves as the non-executive board chairman of State Street Corporation and was its chief executive officer from 2010 to 2018. With the election of Hooley, the ExxonMobil board stands at 11 directors, 10 of whom are non-employee directors. Hooley’s previous experience leading a large [...]