Key Developments: Exxon Mobil Corp (XOM)

XOM on New York Consolidated

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25 Jul 2014
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Latest Key Developments (Source: Significant Developments)

Exxon Mobil Corp's ExxonMobil Exploration and Production Romania Limited and OMV Petrom SA start drilling Domino-2 well in Romanian Black Sea
Monday, 21 Jul 2014 01:24am EDT 

OMV Petrom SA:Says Exxon Mobil Corp's ExxonMobil Exploration and Production Romania Limited and OMV Petrom SA announced the start of drilling at the Domino-2 well in the deep water sector of the Neptun Block offshore Romania in the Black Sea.Data collected during the drilling program will be used to assess the size and commercial viability of the gas field discovered by the Domino-1 exploration well in 2012.As operator of Neptun Deep, ExxonMobil brings its experience and technology to Romania, and has a history of safely drilling wells in deep water locations around the world.The Domino-2 well is located approximately 200 kilometers offshore and is being drilled from the Ocean Endeavor rig in a water depth of about 800 meters.ExxonMobil Exploration and Production Romania and OMV Petrom SA each hold 50 percent of the deep water sector of the Neptun Block.  Full Article

Exxon Mobil Corp declares second quarter dividend
Wednesday, 30 Apr 2014 01:55pm EDT 

Exxon Mobil Corp:Declared a cash dividend of $0.69 per share.Payable on June 10 to shareholders of record of on May 13.  Full Article

Consortium including Exxon Mobil to appeal against Kazakhstan 530 mln euros fine-Reuters
Monday, 17 Mar 2014 08:00pm EDT 

Total SA:Kazakhstan authorities impose fine of 134.2 billion Kazakhhstani tenges (530 million euros) on consortium composed of Exxon Mobil, Royal Dutch Shell, Total, Eni and Kazakh company KazMunaiGas, among others - Reuters.Fine due to ecological damages after Oct. 2013 gas leak on Kashgan oil field being operated by consortium.Consortium risks having part of project seized by Kazakhstan state or part of its investments involved in project not repaid.Consortium says to have appealed against the fine.  Full Article

Exxon Mobil Corp Declares first quarter dividend
Wednesday, 29 Jan 2014 03:00pm EST 

Exxon Mobil Corp:Says it has declared a cash dividend of US$0.63 per share on the Common Stock.Says it is payable on Mar. 10 to shareholders of record of Common Stock at the close of business on Feb. 10.  Full Article

Exxon Mobil Corp's ExxonMobil Exploration and Production Romania Limited, OMV Petrom SA and Gas Plus International BV are titleholders for deep water portion of XV Midia Block
Wednesday, 29 Jan 2014 01:29am EST 

OMV Petrom SA:Says that Exxon Mobil Corp’s ExxonMobil Exploration and Production Romania Limited (ExxonMobil), OMV Petrom SA (OMV Petrom) and Gas Plus International BV (Gas Plus) announced Midia Deep Water Block transfer details.Says that the transfer agreement signed in Oct. 2012 between ExxonMobil and OMV Petrom, and Sterling Resources Ltd and Petro Ventures Europe BV for the purchase of hydrocarbon exploration and production rights to the deep water portion of the XV Midia Block (Midia Deep) became effective.Says that Gas Plus opted to retain its 15 percent interest in both deep water and shallow water portions of the XV Midia Block.Says that following the completion of the transfer agreement, the participating interests in Midia Deep are: ExxonMobil 42.5 percent, OMV Petrom 42.5 percent, and Gas Plus 15 percent.Says that based on terms agreed in Feb. 2013, Romgaz has an option to purchase a 10 percent participating interest in Midia Deep.Says that Romgaz’s option to enter will be triggered by an announcement of a commercial discovery on Midia Deep.ExxonMobil will be the operator of petroleum operations in Midia Deep, which is adjacent to the Neptun Deep block, in which ExxonMobil and OMV Petrom announced a gas discovery in 2012.  Full Article

INPEX CORP, Abu Dhabi National Oil Company and Exxon Mobil extend concession agreement for Upper Zakum Oil Field offshore Abu Dhabi, UAE
Monday, 20 Jan 2014 05:30pm EST 

Exxon Mobil:Government of Abu Dhabi has decided on the extension of the Concession for the Upper Zakum Oil Field, offshore Abu Dhabi, United Arab Emirates (UAE).The Concession has been extended to Dec. 31, 2041 by adding more than 15 years to the previous term.The Upper Zakum is being jointly developed by Abu Dhabi National Oil Company (60 pct), Exxon Mobil (28 pct) and Japan Oil Development Co., Ltd (12 pct), a subsidiary of INPEX CORP.  Full Article

Exxon Mobil Corp to boost Mobil-branded fuel in Australia - Reuters
Wednesday, 8 Jan 2014 06:12pm EST 

Exxon Mobil Corp:Says it has signed a deal to sell Mobil-branded fuel at 7-Eleven service stations, reviving the Mobil brand in Australia's biggest markets on the east coast since it sold its retail assets to 7-Eleven in 2010 - Reuters.  Full Article

Mitsui & Co Ltd to acquire stake in TonenGeneral Sekiyu KK from Exxon Mobil Corp's subsidiary
Wednesday, 18 Dec 2013 01:30am EST 

Exxon Mobil Corp:Mitsui & Co Ltd will acquire 36,000,000 shares (6.37 pct stake) of TonenGeneral Sekiyu KK from Exxon Mobile Bay Limited Partnership, a wholly owned subsidiary of Exxon Mobil Corporation.Mitsui & Co Ltd will hold a 6.37 pct stake in TonenGeneral Sekiyu KK after the transaction.Exxon Mobile Bay Limited Partnership will hold a 7.79 pct stake in TonenGeneral Sekiyu KK, down from 14.15 pct.  Full Article

NK Rosneft' OAO and Exxon Mobil Corp complete JV formation to develop tight oil reserves in Western Siberia
Monday, 16 Dec 2013 07:00pm EST 

NK Rosneft' OAO:Says Rosneft and Exxon Mobil Corp (ExxonMobil) sign documents establishing a joint venture to implement a pilot project for tight oil reserves development in Western Siberia as part of the implementation of the agreement on strategic cooperation.Says Rosneft will hold 51 percent interest and ExxonMobil will hold 49 percent interest in this project.Says the JV will implement a pilot work program in order to assess and determine the technical possibility of developing the hydrocarbon reserves, reservoirs and accumulations of the Achimov and Bazhenov formations in Western Siberia.Says joint exploration work for the Achimov formation will be performed on 17 license blocks, while joint exploration work for the Bazhenov formations will be performed on 20 license blocks in the region of RN-Yuganskneftegaz work.Says the plan is to perform the pilot work program within 2013-2015 timeframe.Says for this purpose, ExxonMobil will provide carry-financing worth of up to $300 million.Says based on the pilot work program results the partners will take a decision on initiating the large-scale development of tight oil reserves.  Full Article

Exxon Mobil Corp Declares Fourth Quarter Dividend
Wednesday, 30 Oct 2013 12:56pm EDT 

Exxon Mobil Corporation announced that it has declared a cash dividend of USD0.63 per share on the Common Stock, payable on December 10, 2013 to shareholders of record of Common Stock at the close of business on November 12, 2013.  Full Article

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Exclusive: Exxon eyes expanding Texas refinery into biggest in U.S. - sources

HOUSTON - Exxon Mobil Corp is considering a multibillion-dollar plan to expand its Beaumont, Texas, refinery into the country's largest, the first major refining investment of the U.S. shale oil boom, people with knowledge of the deliberations said.

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