Global energy demand will increase 25 percent between 2014 and 2040, driven by population growth and economic expansion, ExxonMobil said today in the 2016 edition of The Outlook for Energy. At the same time, energy efficiency gains and increased use of renewable energy sources and lower carbon fuels, such as natural gas, are expected to help reduce by half the carbon intensity of the global economy. During the period, the [...]
Exxon Mobil Corporation (NYSE:XOM) announced today that it will donate $100,000 to the American Red Cross to provide disaster relief assistance in response to the recent tornadoes in north Texas. “Our thoughts are with all who have been impacted by the devastating tornadoes, and especially with the families who lost loved ones during the holiday season,” said Rex W. Tillerson, chairman and chief executive [...]
ExxonMobil announced today the successful and safe startup of the onshore central processing facility at the Banyu Urip field in Indonesia, helping increase production to more than 130,000 barrels of oil per day. With the central processing facility now online, production will continue to increase in the coming months. Once full field production is reached, Banyu Urip will represent approximately 20 percent of [...]
Darren W. Woods has been elected president of Exxon Mobil Corporation (NYSE:XOM) and a member of the board of directors, effective Jan. 1, 2016. The election of Woods, who is currently senior vice president of the corporation, was made during a meeting of the ExxonMobil board of directors on Wednesday. With the addition of Woods, the ExxonMobil board is comprised of 13 directors, 11 of whom are non-employee directors. Rex [...]
LONDON, December 10, 2015 /PRNewswire/ -- The discovery of a 'super well' in Argentina's prized Vaca Muerta shale and the presidential victory of a pro-industry candidate raises the stakes in this market-defying venue and positions the only junior on the scene for massive gains. The 'super well'- discovered in October by state-run YPF in partnership with Chevron (NYSE:CVX) in the Vaca Muerta block in Neuquen--offsets [...]
Rex W. Tillerson, chairman and chief executive officer of Exxon Mobil Corporation (NYSE:XOM), today presented Jonathan’s Place with the company’s annual holiday gift of $50,000, advancing the nonprofit agency’s mission of providing housing and specialized services to abused, abandoned and neglected children from newborns through adolescence. ExxonMobil’s donation kicks off the agency’s 25th [...]
Ken Cohen, vice president, Public and Government Affairs, Exxon Mobil Corporation (NYSE:XOM), has announced his intention to retire effective Jan. 1, 2016, after more than 38 years of service. It is anticipated that the board of directors will elect Suzanne McCarron as vice president, Public and Government Affairs, Exxon Mobil Corporation. McCarron is currently general manager, Public and Government Affairs, and [...]
ExxonMobil will host a call for media at 5:45 p.m. EST / 4:45 p.m. CST today, Thursday, Nov. 5, 2015 regarding a subpoena for production of documents relating to climate change received from the attorney general of New York. To join the call, dial 888-264-8893 (United States) or 913-312-1500 (International) and enter participant code 5346836. ExxonMobil has included information about the business risk of climate change [...]
ExxonMobil will expand the hydrocracker unit at its Rotterdam refinery to upgrade heavier byproducts into cleaner, higher-value finished products, including EHCTM Group II base stocks and ultra-low sulfur diesel, to meet growing global market demand. The refinery, operated by Esso Nederland BV, will use ExxonMobil’s proprietary hydrocracking technology and be the first to produce EHC Group II base stocks in Europe [...]
The Board of Directors of Exxon Mobil Corporation (NYSE:XOM) today declared a cash dividend of 73 cents per share on the Common Stock, payable on December 10, 2015 to shareholders of record of Common Stock at the close of business on November 12, 2015. This fourth quarter dividend is at the same level as the dividend paid in the third quarter of 2015. Through its dividends, the corporation has shared its success with its [...]
Exxon Mobil Corporation (NYSE:XOM) will release third quarter financial results on Friday, October 30, 2015. 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 (888) 740-6143 [...]
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