Exxon Mobil Corp. announced today that Dina Powell McCormick will join its board of directors, effective January 1. Ms. Powell McCormick is currently vice chairman, president and global head of Client Services at BDT & MSD Partners, an investment and advisory firm, and previously spent 16 years at The Goldman Sachs Group Inc., most recently as a member of its Management Committee. This press release features multimedia [...]
TortoiseEcofin today announced that Denbury Inc. will be removed from the Tortoise Recycling Decarbonization IndexSM and the Tortoise Recycling Decarbonization UCITSSM Index , as a result of the approved acquisition by Exxon Mobil Corp. . Due to the acquisition, DEN will be removed from both indices at market open on Friday, November 3, 2023. As per index methodology, special rebalancing is not required for either of the [...]
Exxon Mobil Corp. today announced it has closed its acquisition of Denbury Inc. in an all-stock transaction valued at $4.9 billion, or $89.45 per share, based on ExxonMobil's closing price on July 12, 2023. Under the terms of the agreement, Denbury shareholders will receive 0.84 shares of ExxonMobil for each Denbury share. "This transaction is a major step forward in the profitable growth of our Low Carbon Solutions [...]
Mobil 1™, the world's leading brand of synthetic motor oil, has announced a long-term agreement with Steer, an automated marketing and communications platform, to improve the auto repair experience for shop owners and customers nationwide. Through this partnership, the Mobil 1 and Steer teams will combine the power of their products, brands and people to improve the overall consumer and workshop experience. This [...]
ExxonMobil Corporation will release its third quarter 2023 financial results on Friday, October 27, 2023. The company will issue a press release via Business Wire that will be available at 5:30 a.m. CT at www.exxonmobil.com. Chairman and Chief Executive Officer Darren Woods, Senior Vice President and Chief Financial Officer Kathy Mikells, and Vice President of Investor Relations Jennifer Driscoll will review the results [...]
Exxon Mobil Corp. and Pioneer Natural Resources jointly announced a definitive agreement for ExxonMobil to acquire Pioneer. The merger is an all-stock transaction valued at $59.5 billion, or $253 per share, based on ExxonMobil's closing price on October 5, 2023. Under the terms of the agreement, Pioneer shareholders will receive 2.3234 shares of ExxonMobil for each Pioneer share at closing. The implied total enterprise [...]
Exxon Mobil Corp. will release its second quarter 2023 financial results on Friday, July 28, 2023. The company will issue a press release via Business Wire, and it will be available at 5:30 a.m. CT at www.exxonmobil.com. Chairman and Chief Executive Officer Darren Woods, Senior Vice President and Chief Financial Officer Kathy Mikells, and Vice President of Investor Relations Jennifer Driscoll will review the results [...]
Exxon Mobil Corp. today announced it has entered into a definitive agreement to acquire Denbury Inc. , an experienced developer of carbon capture, utilization and storage solutions and enhanced oil recovery. The acquisition is an all-stock transaction valued at $4.9 billion, or $89.45 per share based on ExxonMobil's closing price on July 12, 2023. Under the terms of the agreement, Denbury shareholders will receive 0.84 [...]
Chord Energy Corp. today announced that a wholly owned subsidiary of Chord has entered into a definitive agreement to acquire assets in the Williston Basin from XTO Energy Inc. and affiliates , subsidiaries of Exxon Mobil Corporation, for total cash consideration of $375MM, subject to customary purchase price adjustments. The consideration is expected to be funded with cash on hand, which was $592MM as of March 31, 2023 [...]
Ahead of the 100th running of the 24 Hours of Le Mans, Mobil 1 joined together with Hagerty Media to celebrate this iconic milestone in racing with a first of its kind documentary: Racing with Giants: Porsche at Le Mans. The legendary motorsport and automotive brands collaborated with two-time Primetime Emmy Award and Peabody Award winner Robert Dalrymple and his production company to produce a film that will connect the [...]
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