NYSE:XOM

ExxonMobil Announces Corporate Plan

Retrieved on: 
Thursday, December 8, 2022
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ExxonMobil today announced its corporate plan for the next five years, with a sizeable increase in investments aimed at emission reductions and accretive lower-emission initiatives, including its Low Carbon Solutions business.

Key Points: 
  • ExxonMobil today announced its corporate plan for the next five years, with a sizeable increase in investments aimed at emission reductions and accretive lower-emission initiatives, including its Low Carbon Solutions business.
  • The corporate plan through 2027 maintains annual capital expenditures at $20-$25 billion, while growing lower-emissions investments to approximately $17 billion.
  • The corporate plan were laying out today reflects that view, and the results weve seen to date demonstrate that were on the right course.
  • By year-end 2022, ExxonMobil expects to distribute approximately $30 billion to shareholders, including $15 billion in dividends and $15 billion in share repurchases.

ExxonMobil Elects Larry Kellner and John Harris to Board of Directors

Retrieved on: 
Friday, December 2, 2022
Chemicals, Plastics, Energy, Manufacturing, Oil, Gas, Emerald, Carbon, Lubricant, Continental Airlines, ExpressJet, Continental, Safety, Quality of life, Government, Boeing, Marriott International, ExxonMobil, Energy factor, Chubb Limited, Cisco Systems, Raytheon Technologies, Retirement, Flex, Intelligence, Multimedia, Risk management, Raytheon Company, Transport, Aviation, Sabre Corporation, Airline, Management, Petroleum

Exxon Mobil Corporation said today that Lawrence Larry W. Kellner and John D. Harris II have joined its board of directors.

Key Points: 
  • Exxon Mobil Corporation said today that Lawrence Larry W. Kellner and John D. Harris II have joined its board of directors.
  • Kellner is the former chairman and chief executive officer of Continental Airlines and current chairman of the board for the Boeing Company.
  • With the election of Harris and Kellner, the board has added experienced, proven leaders who have led value-creation efforts through industry transitions.
  • The ExxonMobil board has increased to 13 directors, 12 of whom are independent.

Purpose Investments Files Preliminary Prospectus for the First Yield-Focused Single-Stock ETFs

Retrieved on: 
Tuesday, November 15, 2022
BTC, Prospectus, PSA, Issuer, Investment, ETF, Security (finance), TSX, Disclosure, Life insurance, Financial adviser

Purpose Yield Shares will aim to provide monthly cash distributions, though the amount and frequency of distributions are not guaranteed.

Key Points: 
  • Purpose Yield Shares will aim to provide monthly cash distributions, though the amount and frequency of distributions are not guaranteed.
  • Purpose Investments is led by well-known entrepreneur Som Seif and is a division of Purpose Unlimited, an independent technology-driven financial services company.
  • A preliminary long-form prospectus relating to the ETFs (the Preliminary Prospectus) has been filed with the Canadian securities commissions or similar authorities.
  • You cannot buy securities of the ETFs until the relevant securities commissions or similar authorities issue receipts for the final prospectus of the ETFs.

Coral South Project in Mozambique Ships First LNG Cargo, Helps Meet Global Demand

Retrieved on: 
Thursday, November 24, 2022
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ExxonMobil announced the first cargo of liquefied natural gas (LNG) from the $8 billion Coral South floating LNG (FLNG) project offshore Mozambique, bringing additional LNG volumes to the global energy market.

Key Points: 
  • ExxonMobil announced the first cargo of liquefied natural gas (LNG) from the $8 billion Coral South floating LNG (FLNG) project offshore Mozambique, bringing additional LNG volumes to the global energy market.
  • The Coral South project will bring significant long-term economic value to the people of Mozambique, said Peter Clarke, head of ExxonMobils LNG business.
  • Mozambique is joining the ranks of global LNG producers and contributing to global LNG supplies at a time when the world needs it most.
  • The company plans to nearly double its LNG offerings by 2030 as low-cost, capital-efficient projects like Coral South come online.

ExxonMobil Appoints Jim Chapman, Vice President, Tax and Treasurer; Jaime Spellings to Retire

Retrieved on: 
Friday, November 4, 2022
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ExxonMobil said today that Jim Chapman has been appointed vice president, Tax and Treasurer, effective November 28, 2022.

Key Points: 
  • ExxonMobil said today that Jim Chapman has been appointed vice president, Tax and Treasurer, effective November 28, 2022.
  • Chapman replaces Jaime Spellings, who has elected to retire after 31 years of service with the company.
  • Chapman joins ExxonMobil from Dominion Energy, Inc. where he served as executive vice president and chief financial officer since 2018.
  • Spellings was appointed general tax counsel in 2010 and was elected vice president of Tax and Treasurers in 2020.

ExxonMobil to Release Third Quarter 2022 Financial Results

Retrieved on: 
Thursday, October 27, 2022
Oil, Gas, Energy, International, ExxonMobil, Webcast, Business Wire, Management

Exxon Mobil Corporation will release third quarter 2022 financial results on Friday, October 28, 2022.

Key Points: 
  • Exxon Mobil Corporation will release third quarter 2022 financial results on Friday, October 28, 2022.
  • A press release will be issued via Business Wire and available at 5:30 a.m. CT at www.exxonmobil.com .
  • Darren Woods, chairman and chief executive officer; Kathy Mikells, senior vice president and chief financial officer; and Jennifer Driscoll, vice president of investor relations, will review the results during a live, listen-only conference call at 7:30 a.m. CT.
  • An archive replay of the call and a copy of the presentation with accompanying supplemental financial data will be available at www.exxonmobil.com/ir .

ExxonMobil Announces Two New Guyana Discoveries

Retrieved on: 
Wednesday, October 26, 2022
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ExxonMobil today announced two discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore Guyana, adding to its extensive portfolio of development opportunities.

Key Points: 
  • ExxonMobil today announced two discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore Guyana, adding to its extensive portfolio of development opportunities.
  • ExxonMobil has made more than 30 discoveries on the block since 2015, and it has ramped up offshore development and production at a pace that far exceeds the industry average.
  • ExxonMobil affiliate Esso Exploration and Production Guyana Limited is the operator and holds 45% interest in the block.
  • Hess Guyana Exploration Ltd. holds 30% interest, and CNOOC Petroleum Guyana Limited holds 25% interest.

ExxonMobil to Sell Billings Refinery to Par Pacific Holdings

Retrieved on: 
Thursday, October 20, 2022
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ExxonMobil and its affiliates have reached an agreement with Par Pacific Holdings for the sale of the Billings refinery and select midstream assets in Montana and Washington.

Key Points: 
  • ExxonMobil and its affiliates have reached an agreement with Par Pacific Holdings for the sale of the Billings refinery and select midstream assets in Montana and Washington.
  • ExxonMobil is focused on investing in facilities where we can manufacture higher-value products such as lubricants and chemicals, said Karen McKee, president of ExxonMobil Product Solutions.
  • We have proudly operated the Billings refinery since 1949 and we thank our more than 300 talented employees for their dedicated service.
  • ExxonMobil will work with Par Pacific to carefully manage the transition with dedicated teams assigned to maintain customer, vendor, personnel, community relations and environmental protection, subject to applicable law.

Landmark Emissions-Reduction Project in Louisiana Announced; ExxonMobil, CF Industries, EnLink Midstream to Collaborate

Retrieved on: 
Wednesday, October 12, 2022
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As part of the project, ExxonMobil has signed an agreement with EnLink Midstream to use EnLinks transportation network to deliver CO2 to permanent geologic storage.

Key Points: 
  • As part of the project, ExxonMobil has signed an agreement with EnLink Midstream to use EnLinks transportation network to deliver CO2 to permanent geologic storage.
  • As we leverage proven carbon capture and sequestration technology, CF Industries will be first-to-market with a significant volume of blue ammonia.
  • This landmark project represents large-scale, real-world progress on the journey to decarbonize the global economy, said Dan Ammann, president of ExxonMobil Low Carbon Solutions.
  • EnLink has a system of over 4,000 miles of pipeline already in the ground in Louisiana, said Jesse Arenivas, Chief Executive Officer of EnLink.