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 September 10, 2019 to shareholders of record of Common Stock at the close of business on August 13, 2019. This third quarter dividend is at the same level as the dividend paid in the second quarter of 2019. Through its dividends, the corporation has shared its success with its shareholders [...]
ExxonMobil Chemical Synthetics announced today it is responding to customer needs by significantly increasing low viscosity polyalphaolefin synthetic base stocks production capacity and further improving the reliability of its global supply chain network. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190730005254/en/ Investment in manufacturing facilities has [...]
Exxon Mobil Corp. will release second quarter 2019 financial results on Friday, August 2, 2019. A press release will be issued via Business Wire and available at 6:30 a.m. CT at www.exxonmobil.com. Neil Chapman, senior vice president, and Neil Hansen, vice president and secretary, will review the results during a listen-only conference call at 8:30 a.m. CT. The earnings presentation can be accessed via webcast or by [...]
ExxonMobil said today it started production on a new high-performance polyethylene line at its Beaumont, Texas polyethylene plant. The expansion increases plant production capacity by 65 percent or 650,000 tons per year, bringing site capacity to nearly 1.7 million tons per year. This expansion builds upon supply advantages created by ExxonMobil’s two new performance polyethylene lines which began production in 2017 [...]
ExxonMobil and Global Thermostat said today that they have signed a joint development agreement to advance breakthrough technology that can capture and concentrate carbon dioxide emissions from industrial sources, including power plants, and the atmosphere. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190627005137/en/ The companies will evaluate the potential [...]
ExxonMobil and the United States Agency for International Development said today that ExxonMobil will provide $3 million to USAID to design and administer programs that improve social and economic development in Mozambique. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190619005557/en/ The collaboration was announced by Administrator Mark Green at the 2019 [...]
ExxonMobil and SABIC today announced the decision to proceed with the construction of a chemical facility and a 1.8 million metric ton ethane steam cracker in San Patricio County, Texas, leading to thousands of high-paying jobs and billions in economic output. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190613005169/en/ “Building the world’s [...]
ExxonMobil today said that it has completed an expansion at its Singapore refinery to upgrade its production of EHC™ Group II base stocks, strengthening the global supply of high-quality base stocks and enhancing the integrated facility’s competitiveness. The expansion will enable customers to blend lubricants that satisfy more stringent specifications, help lower emissions and improve fuel economy and [...]
ExxonMobil said today it is proceeding with a long-term oil development in Argentina’s Bajo del Choique-La Invernada block. The project is expected to produce up to 55,000 oil-equivalent barrels per day within five years and will include 90 wells, a central production facility and export infrastructure connected to the Oldeval pipeline and refineries. “We are encouraged by the excellent results of our [...]
The ExxonMobil Foundation said today that it is providing $55,000 in grants to nonprofit agencies in Dallas County as part of its Community Summer Jobs Program. The program, entering its 29th-consecutive year, supports local agencies’ hiring of college students to help provide additional assistance to those in need in area communities. The students, who themselves will gain valuable work experience while learning [...]
ExxonMobil and its partners said today they will further invest in Block 15 offshore Angola to increase production as part of an agreement with Angola’s recently established National Agency for Petroleum, Gas and Biofuels. As part of the agreement, Sonangol, Angola’s state oil company, will receive a 10 percent equity interest. “This renewed collaboration will enable Angola to optimize recovery and add [...]
ExxonMobil is progressing growth plans to substantially increase earnings and cash flow potential while researching technology breakthroughs to reduce emissions, Chairman and CEO Darren Woods told shareholders during the company’s annual meeting today. “We are committed to sharing the company’s success with our shareholders,” said Woods. “Higher earnings and increased cash flow from our [...]
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