Exxon Mobil Corp.

ExxonMobil said today that it will fund the construction of a new polypropylene production unit in Baton Rouge that will expand production capacity along the Gulf Coast by up to 450,000 tons per year. Construction will begin in 2019 and startup is anticipated by 2021. The project is expected to create up to 600 jobs during construction and 65 permanent jobs once completed. “Growth in feedstock supply along with the [...]

ExxonMobil today said it has made a natural gas discovery offshore Cyprus in the Eastern Mediterranean at the Glaucus-1 well. The well, located in Block 10, encountered a gas-bearing reservoir of approximately 436 feet . The well was safely drilled to 13,780 feet depth in 6,769 feet of water. Based on preliminary interpretation of the well data, the discovery could represent an in-place natural gas resource of [...]

Exxon Mobil Corporation said today it added 4.5 billion oil-equivalent barrels of proved oil and gas reserves in 2018, replacing 313 percent of the year’s production. ExxonMobil's proved reserves totaled 24.3 billion oil-equivalent barrels at year-end 2018. Liquids represented 64 percent of the reserves, up from 57 percent in 2017. “We continue to add high-value, attractive assets to our portfolio that have [...]

More than 1,000 middle-school girls have joined ExxonMobil for the company’s 16th annual Introduce a Girl to Engineering Day, which aims to inspire female students to consider engineering as a career. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20190225006024/en/ Middle-school students honed their problem-solving skills with ExxonMobil volunteers as part [...]

ExxonMobil said today a new partnership with Microsoft will make its Permian Basin operations the largest-ever oil and gas acreage to use cloud technology and is expected to generate billions in net cash flow over the next decade through improvements in analyses and enhancements to operational efficiencies. The application of Microsoft technologies by ExxonMobil’s XTO Energy subsidiary – including Dynamics [...]

ExxonMobil said today it made two additional discoveries offshore Guyana at the Tilapia-1 and Haimara-1 wells, bringing the total number of discoveries on the Stabroek Block to 12. The discoveries build on the previously announced estimated recoverable resource of more than 5 billion oil-equivalent barrels on the Stabroek block. Tilapia-1 is the fourth discovery in the Turbot area that includes the Turbot, Longtail and [...]

ExxonMobil and partner Qatar Petroleum said today they have made a final investment decision to proceed with development of the Golden Pass LNG export project located in Sabine Pass, Texas. Construction will begin in the first quarter of 2019 and the facility is expected to start up in 2024. “Golden Pass will provide an increased, reliable, long-term supply of liquefied natural gas to global gas markets, stimulate [...]

Exxon Mobil Corporation : Third Fourth Quarter Quarter Twelve Months 2018 2017 % 2018 % 2018 2017 % Earnings Summary Earnings 6,000 8,380 -28 6,240 -4 20,840 19,710 +6 U.S. Tax Reform 20 5,942 271 291 5,942 Asset Impairments Earnings Excluding U.S. Tax Reform and Impairments 6,409 3,732 +72 5,987 +7 21,038 15,289 +38 Earnings Per Common Share Assuming Dilution 1.41 1.97 -28 1.46 -3 4.88 4.63 +5 Capital and Exploration [...]

Exxon Mobil Corporation said today it will streamline its upstream organization and centralize project delivery across the company to support previously announced plans to double operating cash flow and earnings by 2025. “We’re simplifying and integrating our upstream organization to better capitalize on the industry-leading portfolio we’ve assembled through acquisitions and exploration success in the [...]

The Board of Directors of Exxon Mobil Corporation today declared a cash dividend of $0.82 cents per share on the Common Stock, payable on March 11, 2019 to shareholders of record of Common Stock at the close of business on February 11, 2019. This first quarter dividend is at the same level as the dividend paid in the fourth quarter of 2018. Through its dividends, the corporation has shared its success with its [...]