ExxonMobil Chemical today announced the opening of its world-scale manufacturing facility that will enable the company to produce up to 50,000 tons of SpectraSyn Elite metallocene polyalphaolefin (mPAO) synthetic lubricant base stocks annually at its integrated refining and chemical complex in Baytown, Texas. ExxonMobil Chemical representatives attend ribbon cutting of new plant to make synthetic lubricant base st...
The United States can help meet rising global chemical demand and, in the process, create new, high-paying American jobs, Steve Pryor, president of ExxonMobil Chemical Company, said in a keynote speech today at the IHS World Petrochemical Conference. ExxonMobil forecasts that global demand for ethylene, the largest petrochemical building block, will grow by 150 percent from 2010 to 2040, driven by rising prosperity and [...]
The ExxonMobil Foundation today announced the 30 Dallas County nonprofit agencies to receive grants through the 2014 ExxonMobil Community Summer Jobs Program. The eight-week summer program provides assistance to nonprofit agencies while enabling college students to gain valuable work experience and a better understanding of the important role of nonprofit organizations. “Nonprofit agencies provide vital community [...]
U.S. energy sector employees can help accelerate economic growth and employment by supporting sound energy policies and education, job training and career development, Rex W. Tillerson, chairman and chief executive officer of Exxon Mobil Corporation (NYSE:XOM), said today. “Pro-growth energy policies can spur our economy by opening access to American resources, enabling investment and innovation, and by advancing energy [...]
Exxon Mobil Corporation (NYSE:XOM) expects to start production at a record 10 major projects in 2014, adding new capacity of approximately 300,000 net oil equivalent barrels per day and contributing to profitable production growth, Rex W. Tillerson, chairman and chief executive officer, said today. “These projects exemplify our focus on maintaining a diversified portfolio and highlight our ability to grow profitable [...]
Exxon Mobil Corporation (NYSE:XOM) announced today it replaced 103 percent of its 2013 production by adding proved oil and gas reserves totaling 1.6 billion oil-equivalent barrels, including a 153 percent replacement ratio for crude oil and other liquids. “Our industry-leading record of long-term reserves replacement demonstrates the success of our global strategy to identify, evaluate, pursue and capture high-quality [...]
For the 11th consecutive year, the ExxonMobil Foundation will offer “Introduce a Girl to Engineering” activities at ExxonMobil sites around the country. More than 450 ExxonMobil employees will host...
ExxonMobil Upstream Research Company has awarded the first commercial license for its innovative InteliRed™ remote gas detection system to co-developer Providence Photonics, LLC. The InteliRed system is designed to improve process safety and environmental performance at oil refineries, chemical plants, liquefied natural gas (LNG) facilities and other gas processing facilities. This new, state-of-the-art system employs a [...]
Exxon Mobil Corporation (NYSE:XOM) today announced the start of natural gas production at the Damar field off the east coast of Peninsular Malaysia. ExxonMobil subsidiary, ExxonMobil Exploration and Production Malaysia Inc., has a 50 percent interest in the project. The Damar field has a projected capacity of 200 million cubic feet of gas per day. ExxonMobil and joint-venture partner Petronas Carigali Sdn. Bhd. have [...]
Exxon Mobil Corporation (NYSE:XOM) today announced enhancements to its U.S. oil and natural gas portfolio managed by subsidiary, XTO Energy Inc., through separate agreements in the Permian Basin in Texas and Utica shale in Ohio. “These transactions underscore our commitment to developing high-margin liquids growth in areas such as the Permian, while also efficiently funding development of our extensive domestic natural [...]
The Board of Directors of Exxon Mobil Corporation (NYSE:XOM) today declared a cash dividend of 63 cents per share on the Common Stock, payable on March 10, 2014 to shareholders of record of Common Stock at the close of business on February 10, 2014. This first quarter dividend is at the same level as the dividend paid in the fourth quarter of 2013. Through its dividends, the corporation has shared its success with its [...]