Oil giant says 20 percent of world’s oil and gas reserves are threatened by low prices.
ExxonMobil
IRVING, Texas – ExxonMobil and its employees are donating $49.8 million to almost 840 institutions of higher education across the country as part of the ExxonMobil Foundation’s 2017 Educational Matching Gift Program.
ExxonMobil employees, retirees, directors and surviving spouses contributed $16.9 million, which was matched with $32.9 million in unrestricted grants from the ExxonMobil Foundation.
IRVING, Texas – Exxon Mobil Corporation announced its seventh oil discovery offshore Guyana, following drilling at the Pacora-1 exploration well.
ExxonMobil encountered approximately 65 feet (20 meters) of high-quality, oil-bearing sandstone reservoir. The well was safely drilled to 18,363 feet (5,597 meters) depth in 6,781 feet (2,067 meters) of water. Drilling commenced on Jan. 29, 2018.
IRVING, Texas (February 2, 2018) — Rob Franklin, president of ExxonMobil Gas & Power Marketing Company, has announced his intention to retire, effective March 1, 2018, after more than 35 years of service.
IRVING, Texas – Exxon Mobil Corporation announced the election of Steven A. Kandarian to its board of directors, effective February 1, 2018. Kandarian is the chairman, president and chief executive officer of MetLife Inc.
With the election of Kandarian, the ExxonMobil board stands at 11 directors, 10 of whom are non-employee directors.
IRVING, Texas – Petrobras and ExxonMobil signed a memorandum of understanding regarding a strategic alliance to jointly identify and evaluate potential business opportunities.
The memorandum of understanding was signed in Rio de Janeiro by Pedro Parente, president of Petrobras, Brad Corson, president of ExxonMobil Upstream Ventures, and Stephen Greenlee, president of ExxonMobil Exploration Company.
IRVING, Texas — Exxon Mobil Corporation announced it will combine its refining and marketing operations into a single company, ExxonMobil Fuels & Lubricants Company, in the first quarter of 2018. Bryan Milton, currently president of ExxonMobil Fuels, Lubricants & Specialties Marketing Company, has been appointed president of the combined division by ExxonMobil’s board of directors, effective January 1, 2018.
HOUSTON (July 25, 2016) — SABIC and an affiliate of Exxon Mobil Corporation are considering the potential development of a jointly owned petrochemical complex on the U.S. Gulf Coast.
If developed, the project would be located in Texas or Louisiana near natural gas feedstock and include a world-scale steam cracker and derivative units.
TORRANCE, Calif. (Sept. 30, 2015) – ExxonMobil has reached an agreement with PBF Energy, Inc. for the sale and purchase of its refinery in Torrance, California, a lubricants distribution center at Vernon, products terminals at Vernon and Atwood and associated California pipelines and other logistics assets, including facilities at the Southwest terminal.
DOHA, Qatar (4 May 2015)—ExxonMobil Research Qatar (EMRQ) announced that ExxonMobil has awarded a global commercial license for Immersive 3-D Operator Training Simulator technology to co-developer EON Reality Inc.
YANBU, Saudi Arabia (11 December 2014)—Saudi Aramco Mobil Refinery Company Limited (SAMREF), a joint venture of Saudi Aramco and ExxonMobil, has completed construction of major desulfurization facilities, including a new hydrotreater, that dramatically cuts sulfur levels in gasoline and diesel.
IRVING, Texas (Nov. 21, 2014) – Stephen D. Pryor, president of ExxonMobil Chemical Company and vice president of Exxon Mobil Corporation, has elected to retire on Jan. 1, 2015, after more than 44 years of service.
HOUSTON (Sept. 24, 2014) – ExxonMobil Chemical is increasing production of its high-performance hydrocarbon fluids by approximately 10 percent through expansion projects at its Singapore and Antwerp facilities. The additional capacity, designed to meet rapidly expanding global demand for hydrocarbon fluids and extend the company’s worldwide supply capability, will begin producing by mid-2015 and be complete in 2016.
ANTWERP, Belgium (July 2, 2014) – ExxonMobil affiliate Esso Belgium announced that it plans to install a new delayed coker unit at its Antwerp refinery to convert heavy, higher sulfur residual oils into transportation fuels products such as marine gasoil and diesel fuel. The new unit will expand the refinery’s ability to help meet energy needs throughout northwest Europe, despite a challenging industry environment.
HOUSTON (June 19, 2014) – ExxonMobil Chemical Company announced that it has started construction of a multibillion dollar ethane cracker at its Baytown, Texas, complex and associated premium product facilities in nearby Mont Belvieu.
IRVING, Texas (April 4, 2014) – ExxonMobil and its employees are donating $44.2 million to higher education institutions across the country as part of the ExxonMobil Foundation’s 2013 Educational Matching Gift Program, an increase of 10 percent over the prior year.
ExxonMobil employees, retirees, directors and surviving spouses contributed $13.7 million, which was matched with $30.5 million in unrestricted grants from the ExxonMobil Foundation.
IRVING, Texas (Feb. 29, 2012) - Exxon Mobil Corporation announced the election of Henrietta H. Fore to its board of directors. Ms. Fore is chairman and chief executive officer of Holsman International, an investment and management company.
With Ms. Fore’s election, the ExxonMobil board stands at 12 directors, 11 of whom are non-employee directors.