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Exxon Mobil Corp (XOM.N)

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Latest Key Developments (Source: Significant Developments)

Saudi Basic Industries Updates On JV With Exxon Mobil
Thursday, 13 Jun 2019 01:12am EDT 

June 13 (Reuters) - SAUDI BASIC INDUSTRIES CORPORATION <2010.SE>::OBTAINS REGULATORY APPROVALS INCLUDING ENVIRONMENTAL PERMITS TO ESTABLISH A PETROCHEMICAL JV PROJECT WITH EXXON MOBIL IN U.S. GULF COAST.EXPECTS THAT PROJECT WILL HAVE POSITIVE IMPACT ON CONSOL FINANCIAL STATEMENTS.SAYS FINANCIAL IMPACT WILL BE REFLECTED AFTER COMMERCIAL OPERATION AND PROJECT COMPLETION.THERE IS NO CHANGE IN SCOPE OF THE PROJECT AND THEREFORE THE ASSOCIATED COSTS HAVE NOT CHANGED.  Full Article

ExxonMobil Completes Singapore Expansion To Enhance Group II Base Stocks Supply
Wednesday, 12 Jun 2019 08:00am EDT 

June 12 (Reuters) - Exxon Mobil Corp ::EXXONMOBIL COMPLETES SINGAPORE EXPANSION TO ENHANCE GROUP II BASE STOCKS SUPPLY.EXXONMOBIL - SUPPLY TO CUSTOMERS EXPECTED BY Q3 OF 2019.EXXONMOBIL - SUPPLY TO CUSTOMERS EXPECTED BY Q3 OF 2019.EXXONMOBIL - COMPLETED AN EXPANSION AT ITS SINGAPORE REFINERY TO UPGRADE ITS PRODUCTION OF EHC™ GROUP II BASE STOCKS,.EXXONMOBIL - SUPPLY TO CUSTOMERS IS EXPECTED IN Q3 OF 2019, AND BUILDS UPON RECENT EXPANSIONS AT EXXONMOBIL'S ROTTERDAM FACILITY.  Full Article

Exxon Mobil Proceeds With Argentina Expansion Project In Vaca Muerta Basin
Tuesday, 11 Jun 2019 09:00am EDT 

June 11 (Reuters) - Exxon Mobil Corp ::EXXONMOBIL PROCEEDS WITH ARGENTINA EXPANSION PROJECT IN VACA MUERTA BASIN.EXXONMOBIL - PROJECT TO COMPLETE 90 WELLS, A CENTRAL PRODUCTION FACILITY AND EXPORT INFRASTRUCTURE.EXXONMOBIL - FIRST PHASE PEAK PRODUCTION TO REACH 55,000 OIL-EQUIVALENT BARRELS PER DAY IN FIVE YEARS.EXXONMOBIL - FIRST PHASE PEAK PRODUCTION TO REACH 55,000 OIL-EQUIVALENT BARRELS PER DAY IN FIVE YEARS.EXXONMOBIL - PROJECT TO COMPLETE 90 WELLS, A CENTRAL PRODUCTION FACILITY AND EXPORT INFRASTRUCTURE.EXXONMOBIL - EXXONMOBIL COULD INVEST IN A SECOND PHASE, WHICH WOULD PRODUCE UP TO 75,000 OIL-EQUIVALENT BARRELS PER DAY.EXXONMOBIL - TIMING OF SECOND PHASE DEPENDS ON INITIAL PROJECT PERFORMANCE AND BUSINESS AND MARKET CONDITIONS.EXXONMOBIL - PROCEEDING WITH LONG-TERM OIL DEVELOPMENT IN ARGENTINA'S BAJO DEL CHOIQUE-LA INVERNADA BLOCK.  Full Article

Exxonmobil's Plans On Track To More Than Double Earnings & Cash Flow Generation Potential By 2025
Wednesday, 29 May 2019 12:47pm EDT 

May 29 (Reuters) - Exxon Mobil Corp ::EXXONMOBIL PROGRESSES GROWTH PLANS AND EFFORTS TO ADVANCE LOWER-EMISSIONS TECHNOLOGIES.PLANS ON TRACK TO MORE THAN DOUBLE EARNINGS AND CASH FLOW GENERATION POTENTIAL BY 2025.PLANS ON TRACK TO MORE THAN DOUBLE EARNINGS AND CASH FLOW GENERATION POTENTIAL BY 2025.WORK CONTINUES ON LOWER-EMISSIONS TECHNOLOGIES, INCLUDING BIOFUELS AND CARBON CAPTURE.KEY PROJECTS PROGRESSING ON SCHEDULE.EXPECTS TO INCREASE ANNUAL EARNINGS POTENTIAL BY MORE THAN 140 PERCENT BY 2025 FROM 2017 ADJUSTED EARNINGS.GUYANA'S FIRST OIL PRODUCTION IS ON TRACK FOR EARLY NEXT YEAR - JUST FIVE YEARS AFTER DISCOVERY.EXPECTS TO DOUBLE POTENTIAL ANNUAL CASH FLOW FROM OPERATIONS BY 2025 FROM 2017 ADJUSTED EARNINGS.IN DOWNSTREAM AND CHEMICAL BUSINESSES, CO ON TRACK TO MORE THAN DOUBLE EARNINGS POTENTIAL FROM 2017 ADJUSTED RESULTS BY 2025.  Full Article

Exxon Mobil's Vice President Bryan Milton Reports Open Market Sale Of 6,033 Shares
Thursday, 16 May 2019 05:19pm EDT 

May 16 (Reuters) - Exxon Mobil Corp ::EXXON MOBIL'S VICE PRESIDENT BRYAN MILTON REPORTS OPEN MARKET SALE OF 6,033 SHARES OF CO ON MAY 15 AT AVERAGE PRICE OF $76.3401/SHARE - SEC FILING.  Full Article

ExxonMobil Doubles Manufacturing Capacity Of Specialty Elastomers At Newport, Wales Plant
Monday, 13 May 2019 09:00am EDT 

May 13 (Reuters) - Exxon Mobil Corp ::EXXONMOBIL DOUBLES MANUFACTURING CAPACITY OF SPECIALTY ELASTOMERS AT NEWPORT, WALES PLANT.EXXONMOBIL - SPECIALTY THERMOPLASTICS HELP REDUCE VEHICLE AND CONSUMER PRODUCT WEIGHT.EXXONMOBIL - EXPANSION INCREASES GLOBAL MANUFACTURING CAPACITY OF SANTOPRENE™ BY 25 PERCENT.EXXONMOBIL - COMPLETED AN EXPANSION OF ITS SPECIALTY ELASTOMERS MANUFACTURING PLANT IN NEWPORT, WALES.  Full Article

Exxon Reports Shutdown of Affected Units Due To Heavy Rain at Baytown, Texas Refinery
Friday, 10 May 2019 05:48pm EDT 

May 10 (Reuters) - EXXON MOBIL CORP ::EXXON REPORTS OPERATIONAL ADJUSTMENTS WERE MADE TO MINIMIZE EMISSIONS, INCLUDING SHUTTING DOWN AFFECTED UNITS AND/OR REDUCING UNIT RATES AT BAYTOWN, TEXAS REFINERY.EXXON REPORTS DUE TO HEAVY RAIN EVENT, SITE STEAM AND ELECTRICAL SYSTEM IMPACTS RESULTED IN SAFE UTILIZATION OF THE FLARE SYSTEM AT BAYTOWN, TEXAS REFINERY.EXXON REPORTS EMISSIONS FROM MULTIPLE FLARE STACK AT BAYTOWN, TEXAS REFINERY.  Full Article

ExxonMobil To Proceed With Liza Phase 2 Development Offshore Guyana
Friday, 3 May 2019 02:00pm EDT 

May 3 (Reuters) - Exxon Mobil Corp ::EXXONMOBIL TO PROCEED WITH LIZA PHASE 2 DEVELOPMENT OFFSHORE GUYANA.EXXONMOBIL - PHASE 1 ON SCHEDULE FOR FIRST OIL BY Q1 OF 2020.EXXONMOBIL - LIZA PHASE 2 RECEIVED GOVERNMENT AND REGULATORY APPROVALS AND REMAINS ON TRACK FOR MID-2022, PRODUCING UP TO 220,000 BARRELS OF OIL PER DAY.EXXONMOBIL - LIZA PHASE 2 IS EXPECTED TO COST $6 BILLION.EXXONMOBIL - LIZA PHASE 2 IS EXPECTED TO COST $6 BILLION.EXXONMOBIL - PHASE 2 STARTUP IS EXPECTED IN MID-2022 AND WILL DEVELOP APPROXIMATELY 600 MILLION BARRELS OF OIL.EXXONMOBIL - IS EVALUATING ADDITIONAL DEVELOPMENT POTENTIAL IN OTHER AREAS OF STABROEK BLOCK, INCLUDING AT TURBOT AREA AND HAMMERHEAD.EXXONMOBIL - PHASE 2 STARTUP IS EXPECTED IN MID-2022 AND WILL DEVELOP APPROXIMATELY 600 MILLION BARRELS OF OIL.EXXONMOBIL - LIZA PHASE 1 REMAINS ON TRACK TO ACHIEVE FIRST OIL BY Q1 OF 2020.EXXONMOBIL - ESTIMATES PRODUCING MORE THAN 750,000 BARRELS OF OIL PER DAY BY 2025 AT STABROEK BLOCK.EXXONMOBIL - BY END OF 2019 EXXONMOBIL WILL HAVE FOUR DRILLSHIPS OPERATING OFFSHORE GUYANA.EXXONMOBIL - FINAL INVESTMENT DECISION IS EXPECTED LATER THIS YEAR FOR A THIRD PHASE OF DEVELOPMENT, PAYARA.EXXONMOBIL- THIRD PHASE OF DEVELOPMENT, PAYARA, WHICH IS EXPECTED TO PRODUCE BETWEEN 180,000 AND 220,000 BARRELS PER DAY WITH STARTUP AS EARLY AS 2023.  Full Article

Exxon Mobil Corp Sets Quarterly Cash Dividend Of $0.87 Per Share
Wednesday, 24 Apr 2019 11:30am EDT 

April 24 (Reuters) - Exxon Mobil Corp ::EXXONMOBIL - BOARD OF DIRECTORS OF EXXON MOBIL CORPORATION DECLARED A CASH DIVIDEND OF $0.87 CENTS PER SHARE ON THE COMMON STOCK.EXXONMOBIL - SECOND QUARTER DIVIDEND COMPARES WITH $0.82 CENTS PER SHARE PAID IN THE FIRST QUARTER OF 2019.  Full Article

Exxon: Minimal Production Impact Post April 16 Issue at Baytown Refinery
Thursday, 18 Apr 2019 04:58am EDT 

April 18 (Reuters) - EXXON MOBIL CORP ::EXXON ON WEDNESDAY SAID THERE WAS MINIMAL IMPACT TO PRODUCTION AT THE BAYTOWN, TEXAS REFINERY, FOLLOWING AN OPERATIONAL ISSUE ON APRIL 16.  Full Article

Linde plans $1.4 billion Singapore expansion, signs Exxon supply deal

SINGAPORE Industrial gases group Linde said on Tuesday it will spend $1.4 billion to boost its Singapore gasification facilities to support the planned expansion of Exxon Mobil Corp's nearby integrated refining complex.