ExxonMobil announced today the completion of a transaction by ExxonMobil Development Africa B.V. to acquire a 25 percent indirect interest in Mozambique’s gas-rich Area 4 block from Eni and assume responsibility for midstream operations. ExxonMobil will lead the construction and operation of all future natural gas liquefaction and related facilities, while Eni will continue to lead the Coral floating LNG project and [...]
Scientists from ExxonMobil and the Instituto de Tecnologia Quimica in Valencia, Spain have discovered a potentially revolutionary new material that could significantly reduce the amount of energy and emissions associated with the production of ethylene. Depending on the application, use of the new material, in conjunction with other novel separation processes, could result in up to a 25 percent reduction in both the [...]
ExxonMobil announced today a partnership with retailer Grupo Orsan to open eight Mobil-branded service stations this week in Querétaro as part of the company’s entry in Mexico’s fuels market. ExxonMobil plans to open 50 Mobil stations in the Bajio region by the end of the first quarter of 2018. This press release features multimedia. View the full release here [...]
Darren W. Woods, chairman and chief executive officer of Exxon Mobil Corporation , today presented a $50,000 gift to Promise House to assist in its mission of providing critical services to homeless children and teens in Dallas, Texas. This press release features multimedia. View the full release here: http://www.businesswire.com/news/home/20171204005967/en/ Darren W. Woods, chairman and chief executive officer of [...]
ExxonMobil today announced that its wholly owned affiliate, ExxonMobil Exploration and Production Mauritania Deepwater Ltd., has signed production sharing contracts with the government of Mauritania for three deepwater offshore blocks. “These blocks further enhance ExxonMobil’s leading global deepwater acreage position,” said Steve Greenlee, president of ExxonMobil Exploration Company. “We thank [...]
Exxon Mobil Corporation’s board of directors has elected Neil Chapman to the position of senior vice president and member of the corporation’s management committee. As successor to Chapman, the board also appointed John Verity as president of ExxonMobil Chemical Company. Both assignments are effective Jan. 1, 2018. Chapman, 55, is currently president of the ExxonMobil Chemical Company. Verity, 59, is senior [...]
Exxon Mobil Corporation announced today it will combine its refining and marketing operations into a single company, ExxonMobil Fuels & Lubricants Company, in the first quarter of 2018. Bryan Milton, currently president of ExxonMobil Fuels, Lubricants & Specialties Marketing Company, has been appointed president of the combined division by ExxonMobil’s board of directors, effective Jan. 1, 2018. By combining [...]
Exxon Mobil Corporation today announced that the Hebron project started production safely and ahead of schedule. At its peak, the project will produce up to 150,000 barrels of oil per day. Discovered in 1980, the Hebron field is estimated to contain more than 700 million barrels of recoverable resources. The Hebron platform consists of a stand-alone gravity-based structure, which supports an integrated topsides deck that [...]
ExxonMobil announced today that it is partnering with two Singapore universities to open a Singapore Energy Center in 2019 to focus on new discoveries and significant improvements to technologies that could improve energy production, and enhance energy efficiency and other efforts to mitigate the risk of climate change. ExxonMobil signed a memorandum of understanding with the Nanyang Technological University and the [...]
ExxonMobil and Renewable Energy Group (REG) announced today that by utilizing REG’s patented fermentation technology, the companies’ joint research program has demonstrated the ability to convert sugars from a variety of non-edible biomass sources into biodiesel. “Our first challenge during the initial research was to determine technical feasibility and potential environmental benefits,” said Vijay [...]
ExxonMobil announced today that it has completed an agreement to purchase half of Statoil’s interest in the BM-S-8 block offshore Brazil, which contains part of the pre-salt Carcara oil field. The Carcara field contains an estimated recoverable resource of 2 billion barrels of high-quality oil. The block is located approximately 200 miles offshore Rio de Janeiro. Statoil currently holds a 66 percent interest in the [...]
Exxon Mobil Corporation (NYSE:XOM): Cash flow from operations and asset sales exceeds dividends and net investments1 for the fourth-consecutive quarter Company makes fifth Guyana discovery; captures 12 high-potential blocks offshore Brazil Hurricane Harvey reduces earnings by an estimated $160 million, or 4 cents per share Third Quarter Nine Months 2017 2016 % 2017 2016 % Earnings Summary [...]
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