The Board of Directors of Exxon Mobil Corporation (NYSE:XOM) today declared a cash dividend of 69 cents per share on the Common Stock, payable on December 10, 2014 to shareholders of record of Common Stock at the close of business on November 12, 2014. This fourth quarter dividend is at the same level as the dividend paid in the third quarter of 2014. Through its dividends, the corporation has shared its success with [...]
Exxon Mobil Corporation (NYSE: XOM) will release third quarter financial results on Friday, October 31, 2014. The earnings press release will be 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) 599-4877 (United States) or [...]
ExxonMobil and its employees and retirees in Northern Virginia raised more than $2.4 million for charitable organizations and local charities in the Northern Virginia area during the 2014 Employees’ Favorite Charities campaign. Employees and retirees contributed to nearly 600 charities that provide a wide range of local health and human services to residents in Fairfax, Northern Virginia and the Washington, D.C. capital [...]
ExxonMobil today announced $18 million in grants to Houston health care facilities to support cancer prevention and cardiovascular research, expand pediatric care for children with autism and enhance pediatric liver disease research and clinical services. The University of Texas MD Anderson Cancer Center will receive $10 million; $5 million will go to the Texas Heart Institute and $3 million to Texas Children’s [...]
ExxonMobil today released a report that outlines for shareholders how the company assesses and manages risks associated with developing unconventional resources, including through hydraulic fracturing. “Hydraulic fracturing has been responsibly and safely used by the oil and gas industry for more than 60 years, but the process isn’t without risks,” said Jeffrey Woodbury, vice president of Investor Relations. “This [...]
ExxonMobil is complying with all U.S. sanctions. The U.S. Treasury Department, recognizing the complexity of the University-1 well and the sensitive Kara Sea arctic environment, has granted a license to ExxonMobil and other U.S. contractors and persons involved to enable the safe and responsible winding down of operations related to this exploration well. The license recognizes the need to protect the safety of the [...]
Exxon Mobil Corporation (NYSE:XOM) today announced it entered into a non-monetary exchange agreement with LINN Energy, LLC (NASDAQ: LINE) to add 17,800 net acres in the Permian Basin to its U.S. oil and natural gas portfolio managed by subsidiary XTO Energy Inc. In the exchange, LINN Energy will receive interest in about 500 net acres from ExxonMobils South Belridge Field, near Bakersfield, California. In the [...]
The Alaska LNG Project has marked a major milestone with the recent submission of a formal request to the Federal Energy Regulatory Commission (FERC) to start the pre-file process for the major natural gas project. The FERC pre-file milestone sets the stage for the activity associated with the environmental review required for the siting, design, and permitting for construction of the proposed project. This is another [...]
ExxonMobil affiliate Esso Norge AS announced today plans to install a new processing unit at the Slagen refinery to enable production of high quality vacuum gas oil, a higher-yield feedstock used to create finished products such as diesel. The new residual flash tower is an upgrading unit that will improve the facility’s overall crude distillation process by replacing production of heavy fuel oil with lighter [...]
Exxon Mobil Corporation’s (NYSE:XOM) board of directors has elected David S. Rosenthal as vice president and controller and Jeffrey J. Woodbury as vice president of investor relations and secretary, effective Sept. 1. Rosenthal, 58, is currently vice president of investor relations and secretary. He began his career with Exxon in 1979 as a financial analyst at Exxon Chemical Americas in Houston, Texas. After holding a [...]
Patrick T. Mulva, vice president and controller of Exxon Mobil Corporation (NYSE:XOM), has announced his intention to retire on Sept. 1, 2014, after more than 38 years of service. Mulva, 63, joined Exxon Company U.S.A. in 1976 as a financial analyst at the company’s refinery in Baton Rouge, Louisiana, and went on to hold a variety of financial positions of increasing responsibility in the upstream and downstream [...]