Exxon Mobil Corporation (NYSE:XOM) announced today proved reserves were 20 billion oil-equivalent barrels at year-end 2016, inclusive of a net reduction of 3.3 billion oil-equivalent barrels from 2015. Reserves changes in 2016 reflect new developments as well as revisions and extensions to existing fields resulting from drilling, studies, analysis of reservoir performance and application of the methodology prescribed by [...]
In association with its ongoing “Be an Engineer” initiative, ExxonMobil is inspiring girls to explore coursework and careers in engineering through its 14th annual Introduce a Girl to Engineering Day program. This year’s program will engage more than 1,000 middle-school girls across the country in a hands-on approach that allows students to experience the excitement of being an engineer [...]
SINGAPORE and PORT MORESBY, Papua New Guinea, Feb. 20, 2017 /PRNewswire/ -- InterOil Corp. (NYSE: IOC, POMSox: IOC) today announced that the Supreme Court of Yukon has granted a final order approving the arrangement between InterOil and Exxon Mobil Corp. (NYSE: XOM) ("ExxonMobil"). The arrangement was approved by more than 91% of the shares voted at a Special Meeting on February 14, 2017 and has now received all necessary [...]
ExxonMobil, working with the National Center for Supercomputing Applications (NCSA), has achieved a major breakthrough with proprietary software using more than four times the previous number of processors used on complex oil and gas reservoir simulation models to improve exploration and production results. The breakthrough in parallel simulation used 716,800 processors, the equivalent of harnessing the power of 22,400 [...]
ExxonMobil announced today the expansion of its Singapore refinery to support the production of the company’s EHC™ Group II base stocks, which will strengthen the global supply of these products and enhance the Singapore facility’s competitiveness. Construction is expected to begin during the second quarter of 2017 with completion anticipated in 2019. This Smart News Release features multimedia. View the [...]
ExxonMobil has awarded to Pason Systems, Inc. the first global license of its patented Drilling Advisory System™, a key component of the company’s Fast Drill™ technology suite. The licensing agreement accelerates the technology’s commercialization by combining Pason’s expertise in drilling data and ExxonMobil’s experience in drilling surveillance and optimization. Fast Drill combines [...]
SINGAPORE and PORT MORESBY, Papua New Guinea, Feb. 7, 2017 /PRNewswire/ -- InterOil Corp. (NYSE: IOC, POMSox: IOC) today announced that it has entered into a new US$470 million senior secured credit facility. Once the conditions precedent are satisfied, the new facility will refinance and replace the existing US$400 million secured capital expenditure facility. As noted in the management information circular mailed to [...]
Receives Recommendation of Leading Proxy Advisory Firms Deadline to Vote by Proxy is February 10, 2017 at 12:00 PM ET SINGAPORE and PORT MORESBY, Papua New Guinea, Jan. 30, 2017 /PRNewswire/ -- InterOil Corp. (NYSE: IOC; POMSoX: IOC) today urged shareholders to follow the recommendations of leading independent proxy advisory firms, Institutional Shareholder Services Inc. ("ISS"), and Glass Lewis & Co. ("Glass Lewis"), by [...]
Exxon Mobil Corporation (NYSE:XOM) will release fourth quarter and full year 2016 financial results on Tuesday, January 31, 2017. 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 [...]
Exxon Mobil Corporation (NYSE:XOM) announced today the election of Dr. Susan K. Avery to its board of directors, effective February 1, 2017. Avery, an atmospheric scientist, is the former president and director of the Woods Hole Oceanographic Institution. With the election of Avery, the ExxonMobil board stands at 13 directors, 12 of whom are non-employee directors. Avery’s leadership experience in multiple academic [...]
First paragraph, at the end of first sentence, the record date should be February 10, 2017 (instead of February 9, 2017). The corrected release reads: Exxon Mobil Corp. DECLARES FIRST QUARTER DIVIDEND The Board of Directors of Exxon Mobil Corporation (NYSE:XOM) today declared a cash dividend of $0.75 per share on the Common Stock, payable on March 10, 2017 to shareholders of record of Common Stock at the close of business [...]
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