Key Developments: Exxon Mobil Corp (XOM.N)

XOM.N on New York Stock Exchange

31 Jul 2015
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Latest Key Developments (Source: Significant Developments)

Exxon Mobil Corp declares third quarter dividend
Wednesday, 29 Jul 2015 01:38pm EDT 

Exxon Mobil Corp:declared cash dividend of 73 cents per share on Common Stock, payable on Sept. 10, 2015 to shareholders of record of Common Stock at the close of business on Aug. 13, 2015.  Full Article

Exxon Mobil Corp's Beaumont, Texas, refinery workers to vote on contract - Reuters
Tuesday, 23 Jun 2015 08:00pm EDT 

Exxon Mobil Corp:Union-represented workers at Exxon Mobil Corp's Beaumont, Texas, refinery are scheduled to vote on June 25 on the latest contract offer from the company, a union official said - Reuters.Says the offer is for a six-year pact, two years longer than the current national agreement between the United Steelworkers union (USW), which represents the Beaumont workers, and U.S. refinery owners, said USW international representative Richard Landry.Says Exxon is seeking a longer pact to ensure there are no work stoppages during the five or more years needed to build a new, multibillion-dollar crude distillation unit that would increase the oil processing capacity of the 344,600 barrel-per-day (bpd) refinery to as much as 850,000 bpd.Says Workers at the Beaumont refinery have been working on a rolling 24-hour extension of their last contract, which expired on Jan. 31, when the USW's previous national agreement ended.Says to encourage workers to ratify the contract, Exxon is offering a $5,000 bonus to each worker if the contract is approved.Says the proposed pact also includes annual pay raises and other terms in the national agreement reached by the USW and U.S. refinery owners on March 12.Says Exxon will also backdate the first year's pay raise of 2.5 pct to May 15.  Full Article

Exxon Mobil Corp awards license to EON Reality for immersive 3d operator training simulator technology
Monday, 4 May 2015 10:00am EDT 

ExxonMobil Research Qatar:Says ExxonMobil has awarded global commercial license for immersive 3D operator training simulator technology to co-developer EON Reality Inc.Says it supports development of simulators that combine dynamic process training and fully functional 3D models.  Full Article

Exxon Mobil Corp declares second cash dividend
Wednesday, 29 Apr 2015 01:59pm EDT 

Exxon Mobil Corp:Declares cash dividend of 73 cents per share on common stock.Dividend payable on June 10 to shareholders of record of common stock at close of business on May 13.  Full Article

New Jersey announces $225 mln Exxon Mobil Corp settlement after originally seeking $8.9 bln - AP
Wednesday, 4 Mar 2015 07:00pm EST 

Exxon Mobil Corp:New Jersey announced a $225 mln settlement with Exxon Mobil on March 5, though it has been criticized by Democratic lawmakers who say it is for a mere fraction of the nearly $9 bln initially sought - The Associated Press.The settlement over pollution at refinery sites in Linden and Bayonne is separate from Exxon Mobil’s obligation to clean up the sites at its own expense.New Jersey filed its lawsuit in 2004, claiming Exxon Mobil’s petroleum refining plants in Linden and Bayonne fouled the land and water.The state sought $8.9 bln in damages.The proposed settlement is expected to be published in the New Jersey Register on April 6, followed by a 30-day public comment period.A finalized settlement would then be forwarded to state Superior Court Judge Michael Hogan for approval.  Full Article

Exxon Mobil Corp seeks reconsideration of $1 mln penalty over Yellowstone River spill - AP
Thursday, 19 Feb 2015 07:00pm EST 

Exxon Mobil Corp:Has asked federal regulators to reconsider a $1 mln penalty imposed against the oil giant over a 63,000-gallon crude spill into Montana’s Yellowstone River - The Associated Press.The company asked the Department of Transportation to withdraw three of its four findings of pipeline safety violations.It also asked for the penalty amount to be reduced.Safety regulators said Exxon Mobil failed to adequately heed warnings that its 20-year-old Silvertip Pipeline was at risk from flooding.An Exxon attorney said in the petition for reconsideration filed Feb. 12 that the company was justified in determining flooding was not a great danger following a 2010 risk assessment.That conclusion proved wrong.The spill left oil along an 85-mile stretch of the Yellowstone, killing fish and wildlife and prompting a cleanup that took months.  Full Article

Exxon Mobil Corp subsidiary penalized for $1.3 mln in North Dakota audit dispute - AP
Wednesday, 18 Feb 2015 07:00pm EST 

Exxon Mobil Corp:A subsidiary of Exxon Mobil Corp. was hit with a $1.3 mln civil penalty for failing to provide timely information needed for an audit of its federal oil and gas leases in North Dakota - The Associated Press.The U.S. Department of Interior's Office of Natural Resources Revenue said XTO Energy, Inc. did not fully comply with the 2013 information request for a year.That substantially delayed the audit work, and diverted the agency's resources to pursuing the information rather than examining it.  Full Article

Exxon Mobil declares first quarter dividend
Wednesday, 28 Jan 2015 02:35pm EST 

Exxon Mobil Corp:Declares a cash dividend of 69 cents per share on the Common Stock.Payable on March 10 to shareholders of record of Common Stock at the close of business on Feb. 10.  Full Article

Exxon Mobil Corp announces final talks with Ivory Coast over two oil blocks-Reuters
Thursday, 20 Nov 2014 07:00pm EST 

Exxon Mobil Corp:Announces that Ivory Coast is finalizing production sharing agreements with Exxon Mobil Corp for two ultra-deepwater blocks in the Gulf of Guinea-Reuters.Says that a memorandum of understanding has been signed for the two ultra-deep blocks and negotiations for the production sharing agreements are advanced.  Full Article

Exxon Mobil Corp declares fourth quarter dividend
Wednesday, 29 Oct 2014 01:16pm EDT 

Exxon Mobil Corp:Declares a cash dividend of 69 cents per share on the Common Stock.Payable on Dec. 10 to shareholders of record on Nov. 12.  Full Article


Tumbling oil prices slam profit at Exxon Mobil, Chevron

- Weak oil prices shriveled quarterly profit at Exxon Mobil Corp and Chevron Corp on Friday, compelling both companies to rethink operations and plan for what many expect to be a sustained period of cheap crude. | Video

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