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 December 10, 2018 to shareholders of record of Common Stock at the close of business on November 13, 2018. This fourth quarter dividend is at the same level as the dividend paid in the third quarter of 2018. Through its dividends, the corporation has shared its success with its [...]
ExxonMobil said today that it has started operations of a new unit at its Antwerp refinery in Belgium to convert heavy, higher-sulfur residual oils into high-value transportation fuels such as marine gasoil and diesel. The new 50,000 barrel-per-day unit expands the refinery’s capacity to meet demand for cleaner transportation fuels throughout northwest Europe. The company’s investment in the new coker will [...]
ExxonMobil said today that it will contribute US$10 million over five years to become the first industry founding partner in a new Singapore Energy Center partnership led by the Nanyang Technological University and National University of Singapore and designed to advance next-generation technologies. ExxonMobil signed a memorandum of understanding with the universities in November 2017 to become a founding member of the [...]
Exxon Mobil Corporation will release third quarter 2018 financial results on Friday, November 2, 2018. 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 of Investor Relations and secretary, will review the results during a listen-only conference call at 8:30 a.m. CT. The earnings presentation can be [...]
ExxonMobil has increased its holdings in Brazil’s pre-salt basins after it won the Titã exploration block with co-venturer Qatar Petroleum during Brazil’s 5th pre-salt bid round. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20180928005401/en/ ExxonMobil's acreage in Brazil. The block awarded added more than 71,500 net acres to the ExxonMobil [...]
ExxonMobil said today that a new unit at its integrated Beaumont, Texas facility has started operations, increasing production of ultra-low sulfur fuels by about 45,000 barrels per day. The new unit relies on a proprietary catalyst system developed by ExxonMobil to remove sulfur and meet U.S. Environmental Protection Agency specifications while minimizing octane loss. The addition of the new unit, ExxonMobil’s [...]
ExxonMobil today said it will join the Oil and Gas Climate Initiative , a voluntary initiative representing 13 of the world’s largest oil and gas producers working collaboratively toward solutions to mitigate the risks of climate change. The CEO-led organization focuses on developing practical solutions in areas including carbon capture and storage, methane emissions reductions and energy and transportation [...]
ExxonMobil said today that it has signed a cooperation framework agreement with the Guangdong Provincial People’s Government to advance discussions concerning the proposed construction of a chemical complex in the Huizhou Dayawan Petrochemical Industrial Park. The new facility would help meet expected demand growth for chemical products in China. The multibillion-dollar project, which remains subject to a final [...]
ExxonMobil has made its ninth discovery offshore Guyana at the Hammerhead-1 well, marking its fifth discovery on the Stabroek Block in the past year and proving a new play concept for potential development. Hammerhead-1 encountered approximately 197 feet of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 13,862 feet depth in 3,373 feet of water. The Stena Carron drillship began drilling on [...]
Kinder Morgan Texas Pipeline LLC , a subsidiary of Kinder Morgan, Inc. , EagleClaw Midstream Ventures, LLC , a portfolio company of Blackstone Energy Partners, and Apache Corp. today announced that Exxon Mobil Corp. has signed a letter of intent to support the proposed Permian Highway Pipeline Project . Under the letter of intent, ExxonMobil subsidiary XTO Energy may contract for up to 450,000 dekatherms per day of [...]
ExxonMobil said today that operations have commenced at its new 1.5 million ton-per-year ethane cracker at the company’s integrated Baytown chemical and refining complex. The new cracker, part of ExxonMobil’s Growing the Gulf initiative, will provide ethylene feedstock to new performance polyethylene lines at the company’s Mont Belvieu plastics plant, which began production in the fall of 2017. The Mont [...]
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