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Exxon Mobil Corp (XOM.N)

XOM.N on New York Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Exxon Mobil says underlying oil demand growth has been strong
10:55am EDT 

April 28 (Reuters) - Exxon Mobil Corp :Says expects to spud first well on newly-aquired Permian basin acreage 'shortly'.Says it is current high bidder on 19 blocks in U.S. Gulf Of Mexico.Says it expects global liquefied natural gas demand will grow 250 percent by 2040.Says remains in full compliance with sanctions on Russia.Says underlying oil demand growth has been strong.Says still expects 2017 capital budget of $22 billion.Says liza 4 well in Guyana still being drilled, expects final investment decision on project by mid-year.Says recent dividend increase reflects board's confidence in efficiency of integrated business model.  Full Article

Exxon Mobil reports Q1 earnings per share of $0.95
8:00am EDT 

April 28 (Reuters) - Exxon Mobil Corp ::ExxonMobil earns $4 billion during first quarter 2017.Q1 earnings per share $0.95.Q1 earnings per share view $0.85 -- Thomson Reuters I/B/E/S.Q1 total revenues and other income $63,287 million versus $48,707 million.Q1 cash flow from operations and asset sales was $8.9 billion versus $5 billion last year.Quarterly liquids production of 2.3 million barrels per day decreased 205,000 barrels per day.Quarterly upstream earnings were $2.3 billion, compared to a loss of $76 million in Q1 of 2016.Q1 2017 earnings of $4 billion increased 122 percent from Q1 of 2016.Q1 oil-equivalent production 4,151 koebd versus 4,325 koebd.Quarterly downstream earnings were $1.1 billion, up $210 million from Q1 of 2016.Q1 2017 capital and exploration expenditures were $4.2 billion, down 19 percent from q1 of 2016.Quarterly natural gas production of 10.9 billion cubic feet per day increased 184 million cubic feet per day from 2016.Q1 worldwide refinery throughput 4,324 kbd versus 4,185 kbd.Quarterly chemical earnings of $1.2 billion were $184 million lower than Q1 of 2016.Q1 2017 oil-equivalent production was 4.2 million oil-equivalent barrels per day, down 4 percent from prior year.Excluding entitlement effects and divestments, Q1 2017 oil-equivalent production was down 1 percent from prior year.Q1 revenue view $64.73 billion -- Thomson Reuters I/B/E/S.  Full Article

Exxon Mobil sets quarterly cash dividend of $0.77per share
Wednesday, 26 Apr 2017 01:55pm EDT 

April 26 (Reuters) - Exxon Mobil Corp :Sets quarterly cash dividend of $0.77per share.Exxonmobil - q2 dividend of $0.77 per share compares with $0.75 per share paid in q1 of 2017.  Full Article

Hess hedges nearly third of 2017 output with $50/barrel price floor
Wednesday, 26 Apr 2017 11:11am EDT 

April 26 (Reuters) - Hess Corp :Says expects Hess Midstream Partners LP <<>> to file form 10-Q with U.S. Securities and Exchange Commission in May.Chief Executive John Hess says has hedged production of 80,000 bpd for rest of year.CEO says hedge program has floor of $50/barrel oil CLc1.CEO says expects North Malay Basin project to come online in Q4.CEO says expects to make final investment decision on Liza project by mid-year.CEO says Stampede project in U.S. Gulf Of Mexico to come online first half of 2018.CEO says expects to add two drilling rigs in North Dakota during fourth quarter.Says expects to produce 300,000 to 310,000 boepd for 2017.Says expects to drill 80 North Dakota wells this year and bring 75 online.Says expects capital spending to increase rest of year from Q1 as ramps up in Bakken, elsewhere.CEO says North Dakota service costs are increasing.Says expects oil prices CLc1 should start to rise to attract new oil industry investment.Says no plans to adds drilling rigs to Utica shale this year.CEO says border dispute between Venezuela and Guyana won't affect final investment decision on Liza project.  Full Article

Exxon Mobil, SABIC select San Patricio county for proposed petrochemical project on U.S. Gulf Coast
Wednesday, 19 Apr 2017 09:00am EDT 

April 19 (Reuters) - Exxon Mobil Corp ::Exxon Mobil and SABIC select San Patricio county for proposed petrochemical project on u.s. Gulf coast.Exxon Mobil - facilities would include a 1.8 million tonne per year ethane cracker and derivative units.Exxon Mobil - exxonmobil and SABIC will now apply for necessary air and wastewater permits from Texas commission on environmental quality.  Full Article

Saudi's SABIC updates on joint venture with Exxon Mobil
Wednesday, 19 Apr 2017 08:00am EDT 

April 19 (Reuters) - Saudi Basic Industries Corporation <2010.SE>::Announces recent developments in its evaluation of establishing petrochemical joint venture project with Exxon Mobil in U.S. Gulf Coast.Co, Exxon Mobil agreed on April 19, to choose county of San Patricio, Texas, to be site of potential project.Co, Exxon Mobil will carry out further studies, other relevant requirements in order to make decision on establishing potential project.Joint venture to include 1.8 mta Ethylene Production Unit, which will supply ethylene to other units to produce Ethylene derivatives.Decision on establishing potential project expected to be sometime in 2018 .  Full Article

SNC-Lavalin awarded inspection services contract from HMDC and Exxonmobil Canada Properties
Monday, 10 Apr 2017 08:00am EDT 

SNC-Lavalin Group Inc : SNC-Lavalin awarded inspection services contract from HMDC and Exxonmobil Canada Properties .SNC-Lavalin - has been awarded 6-year contract by partnership composed by Hibernia Management & Development Company and Exxonmobil Canada Properties.  Full Article

Exxon eyes Brazil expansion - WSJ
Tuesday, 4 Apr 2017 10:40am EDT 

: ExxonMobil is in talks to gain access to Brazil's prized deep-water resources - WSJ, citing people familiar with the matter . Exxon's talks have included discussions about JV partnership through which Exxon would invest in projects with state-oil firm Petróleo Brasileiro SA - WSJ .Exxon's specific terms of any agreement have yet to be completed - WSJ.  Full Article

Point Resources says to buy ExxonMobil's Norwegian-operated fields
Wednesday, 29 Mar 2017 06:58am EDT 

Exxon Mobil Corp : Point Resources, majority owned by HitecVision, says to buy ExxonMobil’s operated upstream business in Norway . Point Resources says transaction subject to regulatory and partner consents and is expected to complete in q4 2017, with an effective date of 1 January 2017 . Point Resources says 2016 production was 54,000 boe/d from the ExxonMobil operated fields .Point Resources says the combined company has the potential to grow its production base organically to over 80,000 boe/d by 2022.  Full Article

ExxonMobil Chemical to expand global hydrocarbon fluid assets capacity by over 250,000 tons per year
Monday, 27 Mar 2017 12:00pm EDT 

ExxonMobil Chemical: Expanding capacity of its global hydrocarbon fluid assets by more than 250,000 tons per year . Full capacity expected to be online by early 2019 .Expanding capacity of global hydrocarbon fluid assets at petrochemical sites in Antwerp, Belgium; Baytown, Texas, and Singapore.  Full Article

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Surging Chevron, Exxon profits signal oil industry turnaround

HOUSTON Rising crude prices helped Chevron Corp and Exxon Mobil Corp easily beat analysts' quarterly profit expectations on Friday, setting an upbeat tone as the two companies press ahead with shale oil expansions.