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Exxon Mobil Corp (XOM.N)

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Latest Key Developments (Source: Significant Developments)

Exxonmobil to launch Mobil-branded service stations and fuels in Mexico
Wednesday, 17 May 2017 11:00am EDT 

May 17 (Reuters) - Exxon Mobil Corp ::Exxonmobil to launch mobil-branded service stations and fuels in Mexico.First Mobil station to open in Mexico in second half of 2017.$300 million in investments in fuels logistics, product inventories and marketing planned over next 10 years.Additional Mobil service stations will open later in year in Mexico.  Full Article

ExxonMobil to acquire Jurong Aromatics' plant in Singapore
Wednesday, 10 May 2017 11:00pm EDT 

May 11 (Reuters) - Exxonmobil :ExxonMobil to acquire one of world's largest aromatics plants.Its Singapore affiliate has reached an agreement with Jurong Aromatics Corporation PTE Ltd to acquire its plant located on Jurong Island in Singapore..Expects to complete transaction in second half of 2017.Deal will increase ExxonMobil's Singapore aromatics production to over 3.5 million tonnes per year, of which 1.8 million tonnes is paraxylene..  Full Article

Exxon Mobil Corp makes application to cease to be a reporting issuer in Canada
Wednesday, 3 May 2017 07:01pm EDT 

May 3 (Reuters) - Exxonmobil :Exxon Mobil Corporation makes application to cease to be a reporting issuer in Canada.If order sought is granted by ASC, Exxonmobil will cease to be a reporting issuer in any jurisdiction in Canada.Exxonmobil - will continue to file all financial statements and other continuous disclosure materials required to be filed by it.  Full Article

Exxon says in settlement talks with DOJ about potential violations of Clean Air Act at Beaumont refinery
Wednesday, 3 May 2017 03:08pm EDT 

May 3 (Reuters) - Exxon Mobil Corp ::On Feb 1, DOJ issued notification about possible settlement to ExxonMobil Oil Corp for potential violations of Clean Air Act at Beaumont refinery.DOJ, EPA contend EMOC failed to identify hazards, maintain safe facility, mitigate consequences of release related to flash fire on April 17, 2013.DOJ, EPA claim EMOC failed to include all covered processes in risk management program, to inspect process equipment in timely fashion - SEC filing.DOJ and EPA are seeking in excess of $100,000 in penalties and corrective actions to resolve matter.Company is in settlement discussions with DOJ and EPA, and parties have entered into a tolling agreement to facilitate settlement discussions.  Full Article

Exxon Mobil says underlying oil demand growth has been strong
Friday, 28 Apr 2017 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
Friday, 28 Apr 2017 08:00am 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

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