Exxon Mobil Corp.

Exxon Mobil Corporation : Net favorable non-cash impacts in the fourth quarter total $4.6 billion, including $5.9 billion relating to U.S. tax reform, partially offset by asset impairments of $1.3 billion Full year cash flow from operations and asset sales exceeds dividends and net investments1 Company makes sixth discovery offshore Guyana, adds acreage in Brazil, closes acquisition in Mozambique Fourth Quarter Twelve [...]

Exxon Mobil Corporation announced today the election of Steven A. Kandarian to its board of directors, effective Feb. 1, 2018. Kandarian is the chairman, president and chief executive officer of MetLife Inc. With the election of Kandarian, the ExxonMobil board stands at 11 directors, 10 of whom are non-employee directors. Kandarian’s experience leading a large international insurer, along with risk management and [...]

The Board of Directors of Exxon Mobil Corporation today declared a cash dividend of $0.77 per share on the Common Stock, payable on March 9, 2018 to shareholders of record of Common Stock at the close of business on February 12, 2018. This first quarter dividend is at the same level as the dividend paid in the fourth quarter of 2017. Through its dividends, the corporation has shared its success with its shareholders for [...]

ExxonMobil today announced that it plans to triple total daily production to more than 600,000 oil-equivalent barrels by 2025 from its operations in the Permian Basin in West Texas and New Mexico. Tight oil production from the Delaware and Midland basins will increase five-fold in the same period. Recent changes in the U.S. corporate tax rate create an environment for increased future capital investments, including [...]

Exxon Mobil Corporation will release fourth quarter and full year 2017 financial results on Friday, February 2, 2018. A press release will be issued via Business Wire and available at 7 a.m. CT at www.exxonmobil.com. Jeff Woodbury, vice president of Investor Relations, 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 calling 401-3551 [...]

ExxonMobil has been named 2017 Explorer of the Year by the World Oil and Gas Council in recognition of excellence and innovation in the global energy industry. “This award is recognition of ExxonMobil’s successful efforts to strengthen our portfolio by accessing and discovering the highest quality resources,” said Steve Greenlee, president of ExxonMobil Exploration Company. “This recognition would [...]

ExxonMobil today announced that it has signed a petroleum agreement with the government of Ghana to acquire exploration and production rights for the Deepwater Cape Three Points block. The agreement is subject to parliamentary ratification. Exploration activities, including acquisition of seismic data and analysis, are expected to commence later in 2018. The Deepwater Cape Three Points block, located 57 miles off the [...]

ExxonMobil Upstream Research Company announced today that it has signed a three-year joint development agreement with MagnaBond, LLC to develop new technologies that could enhance cost-effective evaluation of well cementing, casing and tubing. The agreement was facilitated by the Industry Technology Facilitator as part of its initiative to address challenges associated with well decommissioning activities such as plugging [...]

ExxonMobil today announced that it encountered hydrocarbons after drilling the onshore P’nyang South-2 well, located in the Western Province of Papua New Guinea. “We are currently evaluating the well results and together with our co-venture partners will assess the P’nyang field resource potential and development pathway,” said Liam Mallon, president of ExxonMobil Development Company. “We [...]

Exxon Mobil Corporation announced today positive results from its Ranger-1 exploration well, marking ExxonMobil’s sixth oil discovery offshore Guyana since 2015. The Ranger-1 well discovery adds to previous world-class discoveries at Liza, Payara, Snoek, Liza Deep and Turbot, which are estimated to total more than 3.2 billion recoverable oil-equivalent barrels. ExxonMobil affiliate Esso Exploration and Production [...]