The Board of Directors of Exxon Mobil Corporation today declared a cash dividend of $0.82 per share on the Common Stock, payable on June 11, 2018 to shareholders of record of Common Stock at the close of business on May 14, 2018. This second quarter dividend compares with $0.77 cents per share paid in the first quarter of 2018. Through its dividends, the corporation has shared its success with its shareholders for more [...]
ExxonMobil today said it renewed its support for local and global organizations committed to ending malaria around the world. This year’s grants total $7.36 million and will continue the company’s longstanding commitment to reducing the global burden of malaria, a disease that still leads to an estimated 445,000 deaths annually despite being preventable, treatable and curable. ExxonMobil’s malaria [...]
Exxon Mobil Corporation will release first quarter 2018 financial results on Friday, April 27, 2018. A press release will be issued via Business Wire and available at 7 a.m. CT at www.exxonmobil.com. Jeff Woodbury, vice president of Investor Relations, 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 calling 417-8463 or 701-0228 [...]
ExxonMobil said today that production of liquefied natural gas has safely resumed at the PNG LNG project in Papua New Guinea following a temporary shutdown of operations after a severe earthquake occurred in the region on Feb. 26. LNG exports are expected to resume soon. One train is currently operating at the LNG plant near Port Moresby. The plant’s second train is expected to restart as production is increased [...]
Exxon Mobil Corporation today announced that the size of the natural gas resource at the P’nyang field in Papua New Guinea has increased to 4.36 trillion cubic feet of gas, an 84 percent increase from a previous assessment completed in 2012. The increase supports a potential significant expansion of operations in the country. The independent recertification study by Netherland Sewell and Associates follows the [...]
ExxonMobil has increased its holdings in Brazil’s pre-salt basins after winning eight additional exploration blocks during Brazil’s 15th bid round. The blocks awarded add about 640,000 net acres to the ExxonMobil portfolio. Six of the eight newly awarded blocks will be operated by ExxonMobil. The additional blocks expand the company’s total position in the country to more than two million net acres [...]
Exxon Mobil Corporation will release its 2017 Financial and Operating Review on Tuesday, April 3, 2018. The report will be posted at 8 a.m. CDT at www.exxonmobil.com/annualreport. View source version on businesswire.com: https://www.businesswire.com/news/home/20180328005251/en/ Contact ExxonMobil Media Relations, 972-940-6007...
ExxonMobil said today it has started detailed engineering work on a potential U.S. Gulf Coast project to expand polypropylene manufacturing capacity by up to 450,000 tons a year to meet growing demand for high-performance, lightweight durable plastics. A final decision on the investment, anticipated to be several hundred million dollars, is expected later this year. Facility startup could come as early as 2021. The new [...]
Mark W. Albers, senior vice president of Exxon Mobil Corporation , has announced his intention to retire, effective April 1, 2018, after more than 38 years of service. Albers, 61, was elected to his current position as senior vice president and a member of the corporation's Management Committee in 2007. Throughout his career, Albers held a variety of managerial positions in development, operations, production and [...]
In recognition of International Women’s Day, ExxonMobil announced today that it is providing $7 million in grants in 2018 to renew support for local and global organizations working to empower women economically. Grants made this year will continue ExxonMobil’s longstanding support for efforts to increase research into new methods to advance women economically, assist women entrepreneurs to grow their [...]
ExxonMobil today outlined an aggressive growth strategy to more than double earnings and cash flow from operations by 2025 at today’s oil prices. “We’ve got the best portfolio of high-quality, high-return investment opportunities that we’ve seen in two decades,” Darren W. Woods, chairman and chief executive officer, said at the company’s annual meeting of investment analysts at the New [...]
ExxonMobil and Synthetic Genomics Inc. today announced a new phase in their joint algae biofuel research program that could lead to the technical ability to produce 10,000 barrels of algae biofuel per day by 2025. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20180306005178/en/ The new phase of research includes an outdoor field study that will grow naturally [...]
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