Exxon Mobil Corp.

ExxonMobil today said that it has completed an expansion at its Singapore refinery to upgrade its production of EHC™ Group II base stocks, strengthening the global supply of high-quality base stocks and enhancing the integrated facility’s competitiveness. The expansion will enable customers to blend lubricants that satisfy more stringent specifications, help lower emissions and improve fuel economy and [...]

ExxonMobil said today it is proceeding with a long-term oil development in Argentina’s Bajo del Choique-La Invernada block. The project is expected to produce up to 55,000 oil-equivalent barrels per day within five years and will include 90 wells, a central production facility and export infrastructure connected to the Oldeval pipeline and refineries. “We are encouraged by the excellent results of our [...]

The ExxonMobil Foundation said today that it is providing $55,000 in grants to nonprofit agencies in Dallas County as part of its Community Summer Jobs Program. The program, entering its 29th-consecutive year, supports local agencies’ hiring of college students to help provide additional assistance to those in need in area communities. The students, who themselves will gain valuable work experience while learning [...]

ExxonMobil and its partners said today they will further invest in Block 15 offshore Angola to increase production as part of an agreement with Angola’s recently established National Agency for Petroleum, Gas and Biofuels. As part of the agreement, Sonangol, Angola’s state oil company, will receive a 10 percent equity interest. “This renewed collaboration will enable Angola to optimize recovery and add [...]

ExxonMobil is progressing growth plans to substantially increase earnings and cash flow potential while researching technology breakthroughs to reduce emissions, Chairman and CEO Darren Woods told shareholders during the company’s annual meeting today. “We are committed to sharing the company’s success with our shareholders,” said Woods. “Higher earnings and increased cash flow from our [...]

ExxonMobil is holding its annual meeting of shareholders on Wednesday, May 29, 2019. Media access will only be provided to authorized representatives of commercial news organizations who register by Friday, May 24, 2019. Please note, only media who have registered before the deadline will be provided access to the annual meeting. The meeting will be held at the Renaissance Dallas Hotel, 2222 North Stemmons Freeway [...]

ExxonMobil today said a new study estimates the company’s development of Permian Basin resources in New Mexico will generate approximately $64 billion in net economic benefits for the state and local communities over the next 40 years, creating thousands of new jobs and providing increased funding for education, health and human services and infrastructure improvements. “The Permian Basin is the engine of [...]

ExxonMobil and its XTO Energy Inc. subsidiary employees, retirees, directors and surviving spouses contributed more than $286,000 to 31 New Jersey colleges and universities, the company said today. Those individual donations were matched by more than $814,000 in unrestricted grants from the ExxonMobil Foundation as part of the foundation’s 2018 Educational Matching Gift Program. ExxonMobil’s program matches [...]

ExxonMobil and its XTO Energy Inc. subsidiary employees, retirees, directors and surviving spouses contributed more than $876,000 to 60 Pennsylvania colleges and universities, the company said today. Those individual donations were matched by more than $2.3 million in unrestricted grants from the ExxonMobil Foundation as part of the foundation’s 2018 Educational Matching Gift Program. ExxonMobil’s program [...]

ExxonMobil and its XTO Energy Inc. subsidiary employees, retirees, directors and surviving spouses contributed more than $314,000 to 34 Illinois colleges and universities, the company said today. Those individual donations were matched by nearly $860,000 in unrestricted grants from the ExxonMobil Foundation as part of the foundation’s 2018 Educational Matching Gift Program. ExxonMobil’s program matches [...]