ExxonMobil said today that it is providing $100,000 to support disaster relief and recovery efforts in Mozambique following Cyclone Kenneth, which made landfall on April 25. The $100,000 contribution will go to the American Red Cross, which will coordinate its assistance with the Mozambique government’s National Disasters Management Institute in support of ongoing rescue efforts and for food, shelter and comfort for [...]
ExxonMobil said today it has funded the Liza Phase 2 development offshore Guyana after it received government and regulatory approvals. Liza Phase 2 will produce up to 220,000 barrels of oil per day and further capitalize on the significant development potential of the Stabroek Block, where ExxonMobil estimates producing more than 750,000 barrels of oil per day by 2025. A total of six drill centers are planned as well as [...]
ExxonMobil said today that it will proceed with a $2 billion investment to expand its Baytown, Texas chemical plant, which will create approximately 2,000 jobs during construction and contribute to the approximate 15 percent return the company expects from its chemical investments. The Baytown expansion is in addition to the company’s 2017 Growing the Gulf initiative, which outlined plans to build and expand [...]
Exxon Mobil Corporation : First First Fourth Quarter Quarter Quarter 2019 2018 % 2018 % Earnings Summary Earnings 2,350 4,650 -49 6,000 -61 Earnings Per Common Share Assuming Dilution 0.55 1.09 -50 1.41 -61 Capital and Exploration Expenditures 6,890 4,867 42 7,843 -12 Exxon Mobil Corp. today announced estimated first quarter 2019 earnings of $2.4 billion, or $0.55 per share assuming dilution, compared with $4.7 billion a [...]
ExxonMobil said today that it is committing $5.7 million in support for local and global organizations working to eliminate malaria around the world. This year’s grants, announced in conjunction with World Malaria Day, will continue the company’s nearly 20-year effort to reduce the global burden of malaria, a disease that still causes an estimated 435,000 deaths annually despite being preventable, treatable [...]
ExxonMobil said today it will increase its exploration acreage in Namibia with the addition of approximately 7 million net acres following the signing of an agreement with the government of Namibia and the National Petroleum Corporation of Namibia for blocks 1710 and 1810, and farm-in agreements with NAMCOR for blocks 1711 and 1811A. The blocks extend from the shoreline to about 135 miles offshore Namibia in water depths [...]
The Board of Directors of Exxon Mobil Corporation today declared a cash dividend of $0.87 cents per share on the Common Stock, payable on June 10, 2019 to shareholders of record of Common Stock at the close of business on May 13, 2019. This second quarter dividend compares with $0.82 cents per share paid in the first quarter of 2019. Through its dividends, the corporation has shared its success with its shareholders for [...]
ExxonMobil said today that it has made a final investment decision to expand the Fawley refinery in the United Kingdom to increase production of ultra-low sulfur diesel by almost 45 percent, or 38,000 barrels per day, along with logistics improvements. “ExxonMobil continues to invest in the Fawley refinery and chemical plant, Britain’s largest integrated facility,” said Bryan Milton, president of [...]
Exxon Mobil Corporation will release first quarter 2019 financial results on Friday, April 26, 2019. A press release will be issued via Business Wire and available at 7 a.m. CT at www.exxonmobil.com. Jack Williams, 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 that it signed a sales and purchase agreement with Zhejiang Provincial Energy Group for liquefied natural gas supply. Under the agreement, Zhejiang Energy is expected to receive 1 million metric tons per annum of LNG over 20 years. “This sales and purchase agreement represents an important milestone and provides a solid foundation for our strategic partnership with Zhejiang Provincial Energy [...]
ExxonMobil said today it made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block. The discovery adds to the previously announced estimated recoverable resource of approximately 5.5 billion oil-equivalent barrels on the Stabroek Block. Yellowtail-1 is the fifth discovery in the Turbot area, which ExxonMobil expects to become a major development hub. “Similar [...]
ExxonMobil has increased holdings in Argentina after its subsidiary ExxonMobil Argentina Offshore Investments B.V. and an affiliate of Qatar Petroleum won three exploration blocks during Argentina’s first offshore bid round. The award adds approximately 2.6 million net acres to its existing holdings in Argentina, which includes the onshore Vaca Muerta unconventional oil play and a business support center in Buenos [...]
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