ExxonMobil will add flexibility to process light crudes at its Beaumont refinery, increasing production capacity by approximately 20,000 barrels per day. This expansion will further strengthen ExxonMobil’s integrated downstream portfolio in Southeast Texas. “This project will grow our capacity and flexibility to process light crude oils,” said Jerry Wascom, president of ExxonMobil Refining and Supply [...]
The Board of Directors of Exxon Mobil Corporation (NYSE:XOM) today declared a cash dividend of 73 cents per share on the Common Stock, payable on September 10, 2015 to shareholders of record of Common Stock at the close of business on August 13, 2015. This third quarter dividend is at the same level as the dividend paid in the second quarter of 2015. Through its dividends, the corporation has shared its success with its [...]
Exxon Mobil Corporation (NYSE:XOM) will release second quarter financial results on Friday, July 31, 2015. 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 (888) 221-9508 [...]
ExxonMobil today signed a memorandum of understanding with the Korea Institute of Energy Technology Evaluation and Planning and the Korea Gas Corporation (KOGAS) to hold discussions concerning natural gas technologies and new energy technologies. The agreement will focus on the natural gas value chain, including cryogenic materials, hydrogen production and fuel cell utilization, energy efficiency technologies and [...]
ExxonMobil has reached an agreement with PBF Energy Inc. for the sale and purchase of its 50 percent interest in Chalmette Refining, LLC in Chalmette, Louisiana. PBF Energy will purchase 100 percent of Chalmette Refining, LLC, which is a joint venture between affiliates of Petróleos de Venezuela, S.A. (PDVSA) and ExxonMobil. The agreement includes the Chalmette refinery and chemical production facilities near New [...]
Exxon Mobil Corporation (NYSE:XOM) today announced that production at its Kearl oil sands expansion project in Alberta, Canada, started ahead of schedule and is expected to double overall capacity to 220,000 barrels of bitumen a day. The expansion project is ultimately expected to reach 110,000 barrels per day. Kearl will access approximately 4.6 billion barrels of resource for more than 40 years. €œThe [...]
The Alaska LNG project marks another significant milestone with today €™s announcement by the United States Department of Energy that it has conditionally authorized the Alaska LNG Project LLC to export liquefied natural gas to non-Free Trade Agreement countries. This Smart News Release features multimedia. View the full release here: http://www.businesswire.com/news/home/20150601006417/en/ The application to [...]
Exxon Mobil Corporation (NYSE:XOM) announced today that its shareholders have elected Doug Oberhelman to its board of directors. Oberhelman is chairman of the board of directors and chief executive officer of Caterpillar Inc. With the election of Oberhelman, the ExxonMobil board stands at 12 directors, 11 of whom are non-employee directors. Oberhelman was named CEO and chairman of Caterpillar €™s board in 2010 [...]
Media reports that ExxonMobil is lobbying the U.S. government on Iran sanctions are inaccurate. €œExxonMobil is not lobbying on Iran sanctions, € said Ken Cohen, vice president of Public and Government Affairs. €œErroneous media reports resulted from errors in a consultant €™s lobbying disclosures. Current U.S. law prohibits American companies from operating in Iran. € View [...]
Exxon Mobil Corporation (NYSE:XOM) today announced a significant oil discovery on the Stabroek Block, located approximately 120 miles offshore Guyana. The well was drilled by ExxonMobil affiliate, Esso Exploration and Production Guyana Ltd., and encountered more than 295 feet (90 meters) of high-quality oil-bearing sandstone reservoirs. It was safely drilled to 17,825 feet (5,433 meters) in 5,719 feet (1,743 meters) of [...]
ExxonMobil is holding its annual meeting of shareholders on Wednesday, May 27, 2015. Media access will be provided to authorized representatives of commercial news organizations who pre-register by Friday, May 22, 2015. Please note, only media which have pre-registered will be provided access to the annual meeting. The meeting will be held at the Morton H. Meyerson Symphony Center, 2301 Flora Street, Dallas, Texas 75201 [...]
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