The Board of Directors of Exxon Mobil Corp. today declared a cash dividend of $0.87 per share on the Common Stock, payable on June 10, 2021 to shareholders of record of Common Stock at the close of business on May 13, 2021. This second quarter dividend is at the same level as the dividend paid in the first quarter of 2021. Through its dividends, the corporation has shared its success with its shareholders for more than [...]
ExxonMobil said today it made an oil discovery at the Uaru-2 well in the Stabroek Block offshore Guyana. Uaru-2 will add to the previously announced gross discovered recoverable resource estimate for the block, which is currently estimated to be approximately 9 billion oil-equivalent barrels. Drilling at Uaru-2 encountered approximately 120 feet of high quality oil bearing reservoirs including newly identified intervals [...]
ExxonMobil today released a detailed investor presentation reiterating the company's strategy to capitalize on its industry-leading resources to drive earnings and cash flow growth, maintain a strong dividend, reduce debt and invest in lower-emission technologies. The presentation, as well as additional information related to ExxonMobil's May 26, 2021 annual meeting of shareholders, can be found at [...]
Exxon Mobil Corp. will release first quarter 2021 financial results on Friday, April 30, 2021. A press release will be issued via Business Wire and available at 6:30 a.m. CT at www.exxonmobil.com. Darren Woods, chairman and chief executive officer, and Stephen Littleton, vice president of investor relations and secretary, will review the results during a live, listen-only conference call at 8:30 a.m. CT. The presentation [...]
ExxonMobil and Porsche are testing advanced biofuels and renewable, lower-carbon eFuels, as part of a new agreement to find pathways toward potential future consumer adoption. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210330005428/en/ ExxonMobil and Porsche are testing lower-carbon fuels at the Porsche Mobil 1 Supercup. Pictured: The new Porsche 911 GT3 [...]
ExxonMobil today filed its definitive proxy statement and a letter to shareholders, urging them to vote using the BLUE CARD to support the company's 12 director nominees at its 2021 annual meeting of shareholders on May 26. "Our directors have experience leading some of the world's largest, most complex and successful companies and bring to the board a wide range of backgrounds, knowledge and skills relevant to [...]
ExxonMobil today outlined its plans through 2025 to increase earnings and cash flow to sustain and grow its dividend, reduce debt and fund advantaged projects, while working to commercialize lower emission technologies in support of the goals of the Paris Agreement. "We are fully committed to growing shareholder value by meeting the world's energy demands today and pursuing a technology-driven strategy to succeed through [...]
Exxon Mobil Corp. said today that Michael Angelakis and Jeffrey Ubben have joined its board of directors. Angelakis is chairman and CEO of Atairos, an independent strategic investment company focused on supporting growth-oriented businesses across a range of industries. Prior to founding Atairos, he served as Comcast Corporation's vice chairman and chief financial officer. In those roles, Angelakis led strategic planning [...]
ExxonMobil has signed an agreement with HitecVision, through its wholly owned portfolio company NEO Energy, for the sale of most of ExxonMobil's non-operated upstream assets in the United Kingdom central and northern North Sea. The sale price of more than $1 billion is subject to closing adjustments, and has additional upside of approximately $300 million in contingent payments based on potential for increase in commodity [...]
Exxon Mobil Corp. said today that Tan Sri Wan Zulkiflee Wan Ariffin has joined its board of directors. Wan Zulkiflee served from 2015 to 2020 as president and group chief executive officer of Petronas, the national oil and gas company of Malaysia. In his role as president and CEO at Petronas, Wan Zulkiflee led strategic growth and efficiency initiatives, and the company's entry into specialty chemicals. During his tenure [...]
ExxonMobil said today it has created a new business to commercialize its extensive low-carbon technology portfolio. The new business, ExxonMobil Low Carbon Solutions, will initially focus on carbon capture and storage, one of the critical technologies required to achieve net zero emissions and the climate goals outlined in the Paris Agreement. This press release features multimedia. View the full release here [...]
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