ExxonMobil said today it made two additional discoveries offshore Guyana at the Tilapia-1 and Haimara-1 wells, bringing the total number of discoveries on the Stabroek Block to 12. The discoveries build on the previously announced estimated recoverable resource of more than 5 billion oil-equivalent barrels on the Stabroek block. Tilapia-1 is the fourth discovery in the Turbot area that includes the Turbot, Longtail and [...]
ExxonMobil and partner Qatar Petroleum said today they have made a final investment decision to proceed with development of the Golden Pass LNG export project located in Sabine Pass, Texas. Construction will begin in the first quarter of 2019 and the facility is expected to start up in 2024. “Golden Pass will provide an increased, reliable, long-term supply of liquefied natural gas to global gas markets, stimulate [...]
Exxon Mobil Corporation said today it will streamline its upstream organization and centralize project delivery across the company to support previously announced plans to double operating cash flow and earnings by 2025. “We’re simplifying and integrating our upstream organization to better capitalize on the industry-leading portfolio we’ve assembled through acquisitions and exploration success in the [...]
The Board of Directors of Exxon Mobil Corporation today declared a cash dividend of $0.82 cents per share on the Common Stock, payable on March 11, 2019 to shareholders of record of Common Stock at the close of business on February 11, 2019. This first quarter dividend is at the same level as the dividend paid in the fourth quarter of 2018. Through its dividends, the corporation has shared its success with its [...]
ExxonMobil, with joint venture partners PetroVietnam and PetroVietnam Exploration Production Corporation, said today that it is advancing plans for a multi-billion dollar integrated gas-for-power development in central Vietnam. The company has awarded the contract for front-end engineering and design, and is filing appropriate permits, planning applications and other preparatory work for the proposed development. If [...]
ExxonMobil said today that it has reached a final investment decision and started construction on a new unit at its Beaumont, Texas refinery that will increase crude refining capacity by more than 65 percent, or 250,000 barrels per day. The third crude unit within the facility’s existing footprint will expand light crude oil refining, supported by the increased crude oil production in the Permian Basin. “With [...]
Exxon Mobil Corporation will release fourth quarter and full year 2018 financial results on Friday, February 1, 2019. A press release will be issued via Business Wire and available at 7 a.m. CT at www.exxonmobil.com. Darren Woods, chairman and chief executive officer, and Neil Hansen, vice president of Investor Relations and secretary, will review the results during a listen-only conference call at 8:30 a.m. CT. The [...]
ExxonMobil and Renewable Energy Group said today that they have signed a joint research agreement with Clariant to evaluate the potential use of cellulosic sugars from sources such as agricultural waste and residues to produce biofuel, which has the potential to play a role in reducing greenhouse gas emissions. This press release features multimedia. View the full release here [...]
ExxonMobil said today that it has signed a partnership agreement with IBM to advance the potential use of quantum computing in developing next-generation energy and manufacturing technologies. The new partnership was formally announced during the 2019 Consumer Electronics Show in Las Vegas. As part of the agreement, ExxonMobil becomes the first energy company to join the IBM Q Network, a worldwide community of Fortune 500 [...]
ExxonMobil said today that it has begun drilling the Haimara-1 exploration well offshore Guyana, the first of two planned wells in January. The Stena Carron drillship is drilling the well, which is located 19 miles east of the Pluma-1 discovery in the southeast Stabroek Block. The Noble Tom Madden drillship is expected to drill the second well, Tilapia-1, about three miles west of the Longtail-1 discovery. The Tilapia-1 [...]
Area 4 co-venture participants have secured liquefied natural gas offtake commitments from affiliated buyer entities of the partners, a key milestone enabling the participants to rapidly move toward a final investment decision in 2019 on the first phase of the Rovuma LNG project. Area 4 participants are ExxonMobil, Eni, China National Petroleum Corporation , Empresa Nacional de Hidrocarbonetos, Kogas and Galp. Those [...]
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