ExxonMobil today said it will join the Oil and Gas Climate Initiative , a voluntary initiative representing 13 of the world’s largest oil and gas producers working collaboratively toward solutions to mitigate the risks of climate change. The CEO-led organization focuses on developing practical solutions in areas including carbon capture and storage, methane emissions reductions and energy and transportation [...]
ExxonMobil said today that it has signed a cooperation framework agreement with the Guangdong Provincial People’s Government to advance discussions concerning the proposed construction of a chemical complex in the Huizhou Dayawan Petrochemical Industrial Park. The new facility would help meet expected demand growth for chemical products in China. The multibillion-dollar project, which remains subject to a final [...]
ExxonMobil has made its ninth discovery offshore Guyana at the Hammerhead-1 well, marking its fifth discovery on the Stabroek Block in the past year and proving a new play concept for potential development. Hammerhead-1 encountered approximately 197 feet of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 13,862 feet depth in 3,373 feet of water. The Stena Carron drillship began drilling on [...]
Kinder Morgan Texas Pipeline LLC , a subsidiary of Kinder Morgan, Inc. , EagleClaw Midstream Ventures, LLC , a portfolio company of Blackstone Energy Partners, and Apache Corp. today announced that Exxon Mobil Corp. has signed a letter of intent to support the proposed Permian Highway Pipeline Project . Under the letter of intent, ExxonMobil subsidiary XTO Energy may contract for up to 450,000 dekatherms per day of [...]
ExxonMobil said today that operations have commenced at its new 1.5 million ton-per-year ethane cracker at the company’s integrated Baytown chemical and refining complex. The new cracker, part of ExxonMobil’s Growing the Gulf initiative, will provide ethylene feedstock to new performance polyethylene lines at the company’s Mont Belvieu plastics plant, which began production in the fall of 2017. The Mont [...]
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 September 10, 2018 to shareholders of record of Common Stock at the close of business on August 13, 2018. This third quarter dividend is at the same level as the dividend paid in the second quarter of 2018. Through its dividends, the corporation has shared its success with its [...]
Exxon Mobil Corporation will release second quarter 2018 financial results on Friday, July 27, 2018. A press release will be issued via Business Wire and available at 7 a.m. CT at www.exxonmobil.com. Neil Chapman, senior vice president, 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 earnings presentation can be accessed [...]
ExxonMobil said today it has increased its estimate of the discovered recoverable resources for the Stabroek Block offshore Guyana to more than 4 billion oil-equivalent barrels and has advanced its evaluation to support a third phase of development and consideration of two additional phases. The increase follows completion of testing at the Liza-5 appraisal well, a discovery at Ranger, incorporation of the eighth [...]
ExxonMobil today launched Exxon Mobil Rewards+™, a new loyalty program that will enable customers to earn and redeem points on fuel, car washes and convenience store purchases at participating Exxon and Mobil stations across the United States. The Exxon Mobil Rewards+ program is unique because it includes convenience store purchases, further enhancing customers’ benefits and experiences beyond the offerings of [...]
Mozambique Rovuma Venture has submitted the development plan to the government for the first phase of the Rovuma LNG project, which will produce, liquefy and market natural gas from the Mamba fields located in the Area 4 block offshore Mozambique. The plan details the proposed design and construction of two liquefied natural gas trains which will each produce 7.6 million tons of LNG per year. ExxonMobil will lead [...]
ExxonMobil Foundation said today that it will contribute US$10 million to a new collaboration with Conservation International and the University of Guyana to train Guyanese for sustainable job opportunities and to expand community-supported conservation. The investment is also intended to support Guyana’s Green State Development Plan, the country’s 15-year development plan that aims, among other things, to [...]
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