Welcome to our dedicated page for Exxon Mobil news (Ticker: XOM), a resource for investors and traders seeking the latest updates and insights on Exxon Mobil stock.
Exxon Mobil Corporation (XOM) provides comprehensive energy solutions through global exploration, refining, and chemical manufacturing operations. This news hub offers investors and industry professionals direct access to the company's official communications and market-moving developments.
Track ExxonMobil's latest press releases including quarterly earnings disclosures, operational updates, and strategic initiatives. Our curated collection features verified announcements on production milestones, partnership agreements, and sustainability efforts without editorial commentary.
Key updates cover exploration activities, refinery capacity changes, petrochemical innovations, and energy transition projects. Bookmark this page for real-time access to XOM's regulatory filings, leadership statements, and industry position updates essential for market analysis.
ExxonMobil has received an “A” grade certification for methane emissions management from MiQ, validating their efforts in natural gas production at Poker Lake, New Mexico. This certification encompasses approximately 200 million cubic feet per day of natural gas and is part of their plan to achieve net-zero Scope 1 & 2 greenhouse gas emissions in the Permian Basin by 2030. ExxonMobil is also expanding its certification to other U.S. shale operations to meet rising demand for low-emission energy.
Exxon Mobil Corporation (NYSE:XOM) is set to announce its first quarter 2022 financial results on April 29, 2022, at 5:30 a.m. CT. A live conference call will follow at 8:30 a.m. CT, featuring CEO Darren Woods and CFO Kathy Mikells. Interested parties can access the call via webcast or by calling designated numbers. The results will be shared through a press release available on Exxon's website.
Imperial Oil Limited (TSE: IMO, NYSE American: IMO) will host a 2022 First Quarter Earnings Call on April 29 at 9 a.m. MT. CEO
ExxonMobil is advancing the SEA CCS hub project in South East Australia, aiming to capture up to 2 million metric tons of CO2 annually. The initiative, based on existing infrastructure, targets emissions reduction for local industries and could become operational by 2025. ExxonMobil's Low Carbon Solutions division is leading this effort to enhance long-term shareholder value and support emission reduction goals. The company has extensive experience in carbon capture, holding a significant share of global capacity.
ExxonMobil has launched its Exceed™ S performance polyethylene (PE) resins, offering superior stiffness and toughness with easy processing capabilities. This innovative PE platform aims to simplify film formulations while enhancing performance, efficiency, and packaging durability compared to current market options. With three initial grades designed for high output on blown film lines, these resins cater to various applications, including heavy-duty sacks and pouches that contain liquids or food. Collaboration with over 75 global customers on 100+ applications underscores the platform's market impact.
ExxonMobil has received government approvals for the Yellowtail project in Guyana, its largest offshore project to date. Expected to produce 250,000 barrels of oil per day starting in 2025, the $10 billion development will include six drill centers and numerous production and injection wells. The project aims to enhance local employment and economic growth, with over 3,500 Guyanese currently involved. The company has identified over 10 billion oil-equivalent barrels in the Stabroek Block and plans up to 10 projects to exploit this resource.
Eikon Therapeutics has appointed Kenneth C. Frazier as its first independent director, effective April 1, 2022. Frazier, the former CEO of Merck (NYSE:MRK) and current director at Exxon Mobil Corporation (NYSE:XOM), brings extensive pharmaceutical industry expertise. His leadership at Merck was marked by the advancement of numerous significant medicines. Eikon's CEO, Roger M. Perlmutter, expressed that Frazier's knowledge and advocacy for social justice will greatly benefit the company's mission in drug discovery and development.
Exxon Mobil Corporation's board of directors announced that lead independent director Kenneth C. Frazier will not seek re-election at the shareholders' annual meeting on May 25. Joseph (Jay) L. Hooley will succeed him as lead director after the meeting. Frazier, who has served on the board since 2009, thanked the team for their work and noted that his departure is for personal reasons. He emphasized the company's progress in financial and operational performance through the energy transition. ExxonMobil remains a leading energy provider globally.
ExxonMobil has appointed Dan Ammann, former president and CEO of Cruise, as president of ExxonMobil Low Carbon Solutions, effective May 1. He replaces Joe Blommaert, who is retiring after 35 years at the company. Ammann brings significant experience from General Motors, where he led the company through its IPO and served as CFO. The Low Carbon Solutions unit aims to commercialize low-emission technologies including carbon capture, storage, and hydrogen production, contributing to global emission reductions and long-term shareholder value.
ExxonMobil has appointed Matt Furman as vice president of public and government affairs, effective April 1, succeeding Suzanne McCarron, who is retiring after 24 years. Furman brings extensive experience from Best Buy, where he led communications since 2012, and has held senior roles at Mars Chocolate, Google, and CNN. McCarron joined Mobil in 1998 and served in various leadership roles. The company continues to be a major player in the energy sector, leveraging technology to meet global energy demands.
