ExxonMobil and its partners said today they will further invest in Block 15 offshore Angola to increase production as part of an agreement with Angola’s recently established National Agency for Petroleum, Gas and Biofuels. As part of the agreement, Sonangol, Angola’s state oil company, will receive a 10 percent equity interest. “This renewed collaboration will enable Angola to optimize recovery and add [...]
ExxonMobil is progressing growth plans to substantially increase earnings and cash flow potential while researching technology breakthroughs to reduce emissions, Chairman and CEO Darren Woods told shareholders during the company’s annual meeting today. “We are committed to sharing the company’s success with our shareholders,” said Woods. “Higher earnings and increased cash flow from our [...]
ExxonMobil is holding its annual meeting of shareholders on Wednesday, May 29, 2019. Media access will only be provided to authorized representatives of commercial news organizations who register by Friday, May 24, 2019. Please note, only media who have registered before the deadline will be provided access to the annual meeting. The meeting will be held at the Renaissance Dallas Hotel, 2222 North Stemmons Freeway [...]
ExxonMobil today said a new study estimates the company’s development of Permian Basin resources in New Mexico will generate approximately $64 billion in net economic benefits for the state and local communities over the next 40 years, creating thousands of new jobs and providing increased funding for education, health and human services and infrastructure improvements. “The Permian Basin is the engine of [...]
ExxonMobil and its XTO Energy Inc. subsidiary employees, retirees, directors and surviving spouses contributed more than $286,000 to 31 New Jersey colleges and universities, the company said today. Those individual donations were matched by more than $814,000 in unrestricted grants from the ExxonMobil Foundation as part of the foundation’s 2018 Educational Matching Gift Program. ExxonMobil’s program matches [...]
ExxonMobil and its XTO Energy Inc. subsidiary employees, retirees, directors and surviving spouses contributed more than $876,000 to 60 Pennsylvania colleges and universities, the company said today. Those individual donations were matched by more than $2.3 million in unrestricted grants from the ExxonMobil Foundation as part of the foundation’s 2018 Educational Matching Gift Program. ExxonMobil’s program [...]
ExxonMobil and its XTO Energy Inc. subsidiary employees, retirees, directors and surviving spouses contributed more than $314,000 to 34 Illinois colleges and universities, the company said today. Those individual donations were matched by nearly $860,000 in unrestricted grants from the ExxonMobil Foundation as part of the foundation’s 2018 Educational Matching Gift Program. ExxonMobil’s program matches [...]
ExxonMobil and its XTO Energy subsidiary employees, retirees, directors and surviving spouses contributed more than $413,000 to 10 Oklahoma colleges and universities, the company said today. Those individual donations were matched by more than $1.1 million in unrestricted grants from the ExxonMobil Foundation as part of the foundation’s 2018 Educational Matching Gift Program. ExxonMobil’s program matches [...]
ExxonMobil and its XTO Energy subsidiary employees, retirees, directors and surviving spouses contributed nearly $5.9 million to 80 Texas colleges and universities, the company said today. Those individual donations were matched by almost $7.1 million in unrestricted grants from the ExxonMobil Foundation as part of the foundation’s 2018 Educational Matching Gift Program. ExxonMobil’s program matches individual [...]
ExxonMobil and its XTO Energy subsidiary employees, retirees, directors and surviving spouses contributed more than $603,000 to 22 Louisiana colleges and universities, the company said today. Those individual donations were matched by nearly $1.8 million in unrestricted grants from the ExxonMobil Foundation as part of the foundation’s 2018 Educational Matching Gift Program. ExxonMobil’s program matches [...]
ExxonMobil said today that 806 accredited colleges and universities in the United States will receive a total of $50.4 million as part of the ExxonMobil Foundation’s 2018 Educational Matching Gift Program. Nearly 4,000 ExxonMobil employees and retirees contributed more than $17 million to institutions of higher education in 2018, which will be matched with over $32 million in unrestricted grants from the foundation [...]
Mozambique Rovuma Venture said today that the government of Mozambique had approved its development plan for the Rovuma LNG project, which will produce, liquefy and market natural gas from three reservoirs located in the Area 4 block offshore Mozambique, two of which straddle the boundary with neighboring Area 1. “The development plan approval marks another significant step toward a final investment decision later [...]
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