Exxon Mobil Corp.

Exxon Mobil Corporation today announced that the Hebron project started production safely and ahead of schedule. At its peak, the project will produce up to 150,000 barrels of oil per day. Discovered in 1980, the Hebron field is estimated to contain more than 700 million barrels of recoverable resources. The Hebron platform consists of a stand-alone gravity-based structure, which supports an integrated topsides deck that [...]

ExxonMobil announced today that it is partnering with two Singapore universities to open a Singapore Energy Center in 2019 to focus on new discoveries and significant improvements to technologies that could improve energy production, and enhance energy efficiency and other efforts to mitigate the risk of climate change. ExxonMobil signed a memorandum of understanding with the Nanyang Technological University and the [...]

ExxonMobil and Renewable Energy Group (REG) announced today that by utilizing REG’s patented fermentation technology, the companies’ joint research program has demonstrated the ability to convert sugars from a variety of non-edible biomass sources into biodiesel. “Our first challenge during the initial research was to determine technical feasibility and potential environmental benefits,” said Vijay [...]

ExxonMobil announced today that it has completed an agreement to purchase half of Statoil’s interest in the BM-S-8 block offshore Brazil, which contains part of the pre-salt Carcara oil field. The Carcara field contains an estimated recoverable resource of 2 billion barrels of high-quality oil. The block is located approximately 200 miles offshore Rio de Janeiro. Statoil currently holds a 66 percent interest in the [...]

Exxon Mobil Corporation (NYSE:XOM): Cash flow from operations and asset sales exceeds dividends and net investments1 for the fourth-consecutive quarter Company makes fifth Guyana discovery; captures 12 high-potential blocks offshore Brazil Hurricane Harvey reduces earnings by an estimated $160 million, or 4 cents per share Third Quarter Nine Months 2017 2016 % 2017 2016 % Earnings Summary [...]

The Board of Directors of Exxon Mobil Corporation (NYSE:XOM) today declared a cash dividend of $0.77 per share on the Common Stock, payable on December 11, 2017 to shareholders of record of Common Stock at the close of business on November 13, 2017. This fourth quarter dividend is at the same level as the dividend paid in the third quarter of 2017. Through its dividends, the corporation has shared its success with its [...]

ExxonMobil announced today that the Neuquén Province government has approved the investment plan for the development of a 35-year unconventional exploitation concession in the Los Toldos I South block. The initial investment of about $200 million calls for a pilot project that brings up to seven wells to production, the construction of production facilities and development of export infrastructure. “We are [...]

Exxon Mobil Corporation (NYSE:XOM) will release third quarter results on Friday, October 27, 2017. 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 (800) 475-6878 (United [...]

Exxon Mobil Corporation (NYSE:XOM) announced today that it has acquired a crude oil terminal in Wink, Texas from Genesis Energy LP. The terminal is located in the rapidly growing Delaware Basin, part of Permian Basin – one of the most prolific plays in the United States. The terminal is strategically positioned to handle Permian Basin crude oil and condensate for transport to Gulf Coast refineries and marine export [...]

ExxonMobil Chemical Company announced today that it has commenced production on the first of two new 650,000 tons-per-year high-performance polyethylene lines at its plastics plant in Mont Belvieu, Texas. The full project, part of the company’s multi-billion dollar expansion project in the Baytown area and ExxonMobil’s broader Growing the Gulf expansion initiative, will increase the plant’s polyethylene [...]