ExxonMobil and Porsche are testing advanced biofuels and renewable, lower-carbon eFuels, as part of a new agreement to find pathways toward potential future consumer adoption. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20210330005428/en/ ExxonMobil and Porsche are testing lower-carbon fuels at the Porsche Mobil 1 Supercup. Pictured: The new Porsche 911 GT3 [...]
ExxonMobil today filed its definitive proxy statement and a letter to shareholders, urging them to vote using the BLUE CARD to support the company's 12 director nominees at its 2021 annual meeting of shareholders on May 26. "Our directors have experience leading some of the world's largest, most complex and successful companies and bring to the board a wide range of backgrounds, knowledge and skills relevant to [...]
ExxonMobil today outlined its plans through 2025 to increase earnings and cash flow to sustain and grow its dividend, reduce debt and fund advantaged projects, while working to commercialize lower emission technologies in support of the goals of the Paris Agreement. "We are fully committed to growing shareholder value by meeting the world's energy demands today and pursuing a technology-driven strategy to succeed through [...]
Exxon Mobil Corp. said today that Michael Angelakis and Jeffrey Ubben have joined its board of directors. Angelakis is chairman and CEO of Atairos, an independent strategic investment company focused on supporting growth-oriented businesses across a range of industries. Prior to founding Atairos, he served as Comcast Corporation's vice chairman and chief financial officer. In those roles, Angelakis led strategic planning [...]
ExxonMobil has signed an agreement with HitecVision, through its wholly owned portfolio company NEO Energy, for the sale of most of ExxonMobil's non-operated upstream assets in the United Kingdom central and northern North Sea. The sale price of more than $1 billion is subject to closing adjustments, and has additional upside of approximately $300 million in contingent payments based on potential for increase in commodity [...]
Exxon Mobil Corp. said today that Tan Sri Wan Zulkiflee Wan Ariffin has joined its board of directors. Wan Zulkiflee served from 2015 to 2020 as president and group chief executive officer of Petronas, the national oil and gas company of Malaysia. In his role as president and CEO at Petronas, Wan Zulkiflee led strategic growth and efficiency initiatives, and the company's entry into specialty chemicals. During his tenure [...]
ExxonMobil said today it has created a new business to commercialize its extensive low-carbon technology portfolio. The new business, ExxonMobil Low Carbon Solutions, will initially focus on carbon capture and storage, one of the critical technologies required to achieve net zero emissions and the climate goals outlined in the Paris Agreement. This press release features multimedia. View the full release here [...]
The Exxon Mobil Corp. board of directors has elected Len M. Fox as vice president and controller for the company, effective March 1, 2021. Fox will replace David Rosenthal, who is anticipated to retire on or about July 1, 2021. Fox has worked for ExxonMobil since 1988, starting as an analyst in Exxon Coal and Minerals controllers organization in Houston, Texas. He has held increasingly senior roles and management [...]
Pomerantz LLP announces that a class action lawsuit has been filed against Exxon Mobil Corp. and certain of its officers. The class action, filed in the United States District Court for the Northern District of Texas, and docketed under 21-cv-000194, is on behalf of a class consisting of all persons and entities other than Defendants that purchased or otherwise, acquired Exxon securities between November 6, 2019 and [...]
The Board of Directors of Exxon Mobil Corp. today declared a cash dividend of $0.87 per share on the Common Stock, payable on March 10, 2021 to shareholders of record of Common Stock at the close of business on February 10, 2021. This first quarter dividend is at the same level as the dividend paid in the fourth quarter of 2020. Through its dividends, the corporation has shared its success with its shareholders for more [...]
Exxon Mobil Corp. issued the following statement in response to Engine No. 1's nomination of directors for election to ExxonMobil's board of directors at its 2021 annual meeting of shareholders. ExxonMobil has engaged with Engine No. 1 since mid-December. The company's board affairs committee will evaluate Engine No. 1's notice of nomination and nominees in line with the corporation's by-laws. ExxonMobil will continue to [...]