Exxon Mobil Corp.

Exxon Mobil Corp. will release second quarter 2022 financial results on Friday, July 29, 2022. A press release will be issued via Business Wire and available at 5:30 a.m. CT at www.exxonmobil.com. Darren Woods, chairman and chief executive officer; Kathy Mikells, senior vice president and chief financial officer; and Jennifer Driscoll, vice president of investor relations, will review the results during a live [...]

Transaction drives value through significant synergistic opportunities and alignment with BKV's sustainability initiatives outlined in its 2021 report Midstream assets will add additional benefits across the energy value chain BKV Corporation today announced that its subsidiaries have closed on the purchase of natural gas upstream and associated midstream infrastructure in the Barnett Shale region of North Texas from [...]

Permian Highway Pipeline, LLC today announced a final investment decision to proceed with its expansion project after securing binding firm transportation agreements for all available capacity. The project will increase PHP's capacity by approximately 550 million cubic feet per day . The project will involve primarily additional compression on PHP to increase natural gas deliveries from the Waha area to multiple mainline [...]

ExxonMobil said today that its Canadian affiliates, Imperial and ExxonMobil Canada, have entered into an agreement with Whitecap Resources Inc. for the sale of XTO Energy Canada, which is jointly owned by Imperial and ExxonMobil Canada. The sale, for a total cash consideration of about U.S. $1.47 billion, is expected to close before the end of the third quarter, subject to regulatory approvals. The sale completes the [...]

ExxonMobil and QatarEnergy today announced they have signed an agreement to further develop Qatar's North Field East project, which will expand Qatar's annual LNG capacity from 77 million tons to 110 million tons by 2027. The deal was announced at QatarEnergy's headquarters in Doha. "We are collaborating with QatarEnergy on North Field East to accelerate the production of secure, affordable and cleaner energy our world [...]

ExxonMobil today released the following statement in response to a letter from President Biden. We have been in regular contact with the administration to update the President and his staff on how ExxonMobil has been investing more than any other company to develop U.S. oil and gas supplies. This includes investments in the U.S. of more than $50 billion over the past five years, resulting in an almost 50% increase in our [...]

ExxonMobil said today it plans to grow shareholder value by delivering solutions that help meet the global need for energy and for lower greenhouse gas emissions to address climate change. Darren Woods, chairman and chief executive officer, outlined how the company's strategy leverages its capabilities and competitive advantages at the annual meeting of shareholders. "We have opportunities to play a leading role in [...]

ExxonMobil said today it signed an agreement with subsidiaries of BKV Corporation for the sale of operated and non-operated Barnett Shale gas assets in Texas for $750 million with additional payments contingent on future natural gas prices. "We are focused on delivering the most competitive returns to our shareholders by developing opportunities with the lowest cost of supply and further strengthening our industry-leading [...]

ExxonMobil has reached an agreement to sell its Romanian upstream affiliate, ExxonMobil Exploration and Production Romania, to Romgaz for more than $1 billion, subject to Romanian government approvals. "ExxonMobil continues to evaluate our portfolio of opportunities, focusing our investments in advantaged assets with a low cost of supply," said Liam Mallon, president of ExxonMobil Upstream Company. "Our investments to [...]

In the Chemical section of the release, the first sentence of the fifth bullet, should read: The company is progressing plans to increase its global offer of certified circular polymer with capacity to process up to 500,000 metric tons of plastic waste per year by 2026. The updated release reads: EXXONMOBIL ANNOUNCES FIRST-QUARTER 2022 RESULTS Earned $5.5 billion in first quarter 2022; generated $14.8 billion of cash flow [...]