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.