Exxon Mobil Corp.

-Buckhorn will build, own and operate an 87-mile pipeline and disposal system to provide long-term produced water gathering and disposal services GREENWOOD VILLAGE, Colo., March 14, 2017 /PRNewswire/ -- Buckhorn SWD Solutions, LLC ("Buckhorn" or "the Company"), a leading provider of mid-stream gathering systems, saltwater disposal solutions and waste management for the oil and gas sector, announced today that it has [...]

ExxonMobil and Eni have signed today a sale and purchase agreement to enable ExxonMobil to acquire from Eni a 25 percent indirect interest in the natural gas-rich Area 4 block, offshore Mozambique. Eni currently holds a 50 percent indirect share in the block through a 71.4 percent stake in Eni East Africa, which owns 70 percent of the Area 4 concession. This Smart News Release features multimedia. View the full release [...]

Exxon Mobil Corporation (NYSE:XOM) is expanding its manufacturing capacity along the U.S. Gulf Coast through planned investments of $20 billion over a 10-year period to take advantage of the American energy revolution, Darren Woods, chairman and chief executive officer, said Monday. The projects, at 11 proposed and existing sites, are expected to generate thousands of new high-paying jobs and $20 billion in increased [...]

Exxon Mobil Corporation (NYSE:XOM) is positioned to succeed in any price environment by maximizing the competitive advantages of its integrated businesses and by investing in projects that generate high-value products across the commodity cycle, Chairman and Chief Executive Officer Darren W. Woods said Wednesday. “Our job is to compete and succeed in any market, regardless of conditions or price,” Woods said [...]

SINGAPORE and PORT MORESBY, Papua New Guinea, Feb. 22, 2017 /PRNewswire/ -- InterOil Corp. (NYSE: IOC) today announced the completion of the previously announced transaction with Exxon Mobil Corp. (NYSE: XOM). Under the terms of the transaction, ExxonMobil acquired all of the outstanding common shares of InterOil, and InterOil shareholders received 0.5459 shares of ExxonMobil for each InterOil common share and a [...]

Exxon Mobil Corporation (NYSE:XOM) announced today proved reserves were 20 billion oil-equivalent barrels at year-end 2016, inclusive of a net reduction of 3.3 billion oil-equivalent barrels from 2015. Reserves changes in 2016 reflect new developments as well as revisions and extensions to existing fields resulting from drilling, studies, analysis of reservoir performance and application of the methodology prescribed by [...]

In association with its ongoing “Be an Engineer” initiative, ExxonMobil is inspiring girls to explore coursework and careers in engineering through its 14th annual Introduce a Girl to Engineering Day program. This year’s program will engage more than 1,000 middle-school girls across the country in a hands-on approach that allows students to experience the excitement of being an engineer [...]

SINGAPORE and PORT MORESBY, Papua New Guinea, Feb. 20, 2017 /PRNewswire/ -- InterOil Corp. (NYSE: IOC, POMSox: IOC) today announced that the Supreme Court of Yukon has granted a final order approving the arrangement between InterOil and Exxon Mobil Corp. (NYSE: XOM) ("ExxonMobil"). The arrangement was approved by more than 91% of the shares voted at a Special Meeting on February 14, 2017 and has now received all necessary [...]

ExxonMobil, working with the National Center for Supercomputing Applications (NCSA), has achieved a major breakthrough with proprietary software using more than four times the previous number of processors used on complex oil and gas reservoir simulation models to improve exploration and production results. The breakthrough in parallel simulation used 716,800 processors, the equivalent of harnessing the power of 22,400 [...]

ExxonMobil announced today the expansion of its Singapore refinery to support the production of the company’s EHC™ Group II base stocks, which will strengthen the global supply of these products and enhance the Singapore facility’s competitiveness. Construction is expected to begin during the second quarter of 2017 with completion anticipated in 2019. This Smart News Release features multimedia. View the [...]