The Board of Directors of Exxon Mobil Corporation today declared a cash dividend of $0.87 cents per share on the Common Stock, payable on June 10, 2019 to shareholders of record of Common Stock at the close of business on May 13, 2019. This second quarter dividend compares with $0.82 cents per share paid in the first quarter of 2019. Through its dividends, the corporation has shared its success with its shareholders for [...]
ExxonMobil said today that it has made a final investment decision to expand the Fawley refinery in the United Kingdom to increase production of ultra-low sulfur diesel by almost 45 percent, or 38,000 barrels per day, along with logistics improvements. “ExxonMobil continues to invest in the Fawley refinery and chemical plant, Britain’s largest integrated facility,” said Bryan Milton, president of [...]
Exxon Mobil Corporation will release first quarter 2019 financial results on Friday, April 26, 2019. A press release will be issued via Business Wire and available at 7 a.m. CT at www.exxonmobil.com. Jack Williams, senior vice president, and Neil Hansen, vice president and secretary, 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 [...]
ExxonMobil said today that it signed a sales and purchase agreement with Zhejiang Provincial Energy Group for liquefied natural gas supply. Under the agreement, Zhejiang Energy is expected to receive 1 million metric tons per annum of LNG over 20 years. “This sales and purchase agreement represents an important milestone and provides a solid foundation for our strategic partnership with Zhejiang Provincial Energy [...]
ExxonMobil said today it made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block. The discovery adds to the previously announced estimated recoverable resource of approximately 5.5 billion oil-equivalent barrels on the Stabroek Block. Yellowtail-1 is the fifth discovery in the Turbot area, which ExxonMobil expects to become a major development hub. “Similar [...]
ExxonMobil has increased holdings in Argentina after its subsidiary ExxonMobil Argentina Offshore Investments B.V. and an affiliate of Qatar Petroleum won three exploration blocks during Argentina’s first offshore bid round. The award adds approximately 2.6 million net acres to its existing holdings in Argentina, which includes the onshore Vaca Muerta unconventional oil play and a business support center in Buenos [...]
ExxonMobil said today that it has made a final investment decision on a multi-billion dollar expansion of its integrated manufacturing complex in Singapore to convert fuel oil and other bottom-of-the-barrel crude products into higher-value lube base stocks and distillates. The expansion project is part of the company’s plan to further enhance the competitiveness of the Singapore facility, which includes the [...]
ExxonMobil said today that it is providing $300,000 to aid agencies to support disaster relief and recovery efforts in Mozambique following Cyclone Idai, which made landfall on March 14. Of this amount, $250,000 will be contributed to the American Red Cross for ongoing rescue efforts and for food, shelter and comfort for the storm’s victims. ExxonMobil’s affiliate ExxonMobil Moçambique Limitada will [...]
ExxonMobil said today that it will provide about $5 million in grants to support local and global organizations dedicated to empowering women economically. The announcement, made in association with International Women’s Day and the company’s Women’s Economic Opportunity Initiative, underscores ExxonMobil’s support for efforts to advance women economically, encourage and assist women entrepreneurs [...]
ExxonMobil said today that it will sponsor a Smithsonian Institution traveling exhibition showcasing the history of The Green Book, a guide for African-American travelers in the segregated United States of the mid-20th century. ExxonMobil predecessor Standard Oil Company of New Jersey was the only major retail distributor of The Green Book through its network of Esso stations, which welcomed African-American travelers and [...]
ExxonMobil today said it has updated its growth plans and expects annual earnings potential to increase by more than 140 percent by 2025 from 2017 adjusted earnings, assuming an oil price of $60 per barrel and based on 2017 margins. “Given the success we experienced last year and the progress we’re making on our plans, we have even greater confidence in our ability to grow value for our shareholders,&rdquo [...]
ExxonMobil said today it has revised its Permian Basin growth plans to produce more than 1 million oil-equivalent barrels per day by as early as 2024 – an increase of nearly 80 percent and a significant acceleration of value. The size of the company’s resource base in the Permian is approximately 10 billion oil-equivalent barrels and is likely to grow further as analysis and development activities continue [...]
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