On April 4, 2023, Exxon Mobil Corp. will host a virtual Low Carbon Solutions spotlight to provide an update on the business. Darren Woods, Chairman and Chief Executive Officer, Kathy Mikells, Senior Vice President and Chief Financial Officer, Dan Ammann, President of Low Carbon Solutions, and Jennifer Driscoll, Vice President of Investor Relations will share how ExxonMobil's Low Carbon Solutions business is working to [...]
ExxonMobil announced the next step in the development of the world's largest low-carbon hydrogen production facility with a contract award for front-end engineering and design . A final investment decision for the project is expected by 2024, subject to stakeholder support, regulatory permitting, and market conditions. ExxonMobil's Baytown low-carbon hydrogen, ammonia and carbon capture facility is expected to produce one [...]
ExxonMobil Corporation will release fourth quarter 2022 financial results on Tuesday, January 31, 2023. A press release will be issued via Business Wire and available at 5:30 a.m. CT at www.exxonmobil.com. Darren Woods, chairman and chief executive officer; Kathy Mikells, senior vice president and chief financial officer; and Jennifer Driscoll, vice president of investor relations, will review the results during a live [...]
ExxonMobil today announced successful startup of one of the largest advanced recycling facilities in North America. The facility at the company's integrated manufacturing complex in Baytown, Texas, uses proprietary technology to break down hard-to-recycle plastics and transform them into raw materials for new products. It is capable of processing more than 80 million pounds of plastic waste per year, supporting a circular [...]
ExxonMobil today announced its corporate plan for the next five years, with a sizeable increase in investments aimed at emission reductions and accretive lower-emission initiatives, including its Low Carbon Solutions business. The corporate plan through 2027 maintains annual capital expenditures at $20-$25 billion, while growing lower-emissions investments to approximately $17 billion. This disciplined approach [...]
Exxon Mobil Corp. said today that Lawrence "Larry" W. Kellner and John D. Harris II have joined its board of directors. Kellner is the former chairman and chief executive officer of Continental Airlines and current chairman of the board for the Boeing Company. Harris is the former chief executive officer of Raytheon International Inc., a wholly owned subsidiary of Raytheon Company, a global engineering and technology [...]
The groundbreaking claim accuses Exxon Mobil and other companies of purposefully concealing their products' climate change dangers, leaving Puerto Rico at the mercy of a catastrophic 2017 hurricane season More than a dozen municipalities of Puerto Rico have filed a class action lawsuit against fossil fuel companies for their alleged role in the deadly 2017 hurricane season that devastated the Commonwealth, causing [...]
ExxonMobil announced the first cargo of liquefied natural gas from the $8 billion Coral South floating LNG project offshore Mozambique, bringing additional LNG volumes to the global energy market. Coral South produced its first LNG volumes in early October, following the FLNG's on-schedule start-up. The Coral South FLNG is expected to produce 450 billion cubic meters of natural gas from the Coral reservoir in Mozambique's [...]
ExxonMobil said today that Jim Chapman has been appointed vice president, Tax and Treasurer, effective November 28, 2022. Chapman replaces Jaime Spellings, who has elected to retire after 31 years of service with the company. "We welcome Jim Chapman to the company, and look forward to working with him. Jim brings a breadth of capital market and functional experience that we will put to good use as we continue to position [...]
Exxon Mobil Corp. will release third quarter 2022 financial results on Friday, October 28, 2022. A press release will be issued via Business Wire and available at 5:30 a.m. CT at www.exxonmobil.com. Darren Woods, chairman and chief executive officer; Kathy Mikells, senior vice president and chief financial officer; and Jennifer Driscoll, vice president of investor relations, will review the results during a live [...]
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