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.
Imperial Oil reported a fourth quarter net income of $813 million and cash flow from operating activities of $1,632 million, despite impacts from extreme cold weather. Full-year net income reached $2,479 million, the highest since 2014. The company achieved its highest annual Upstream production in over 30 years, driven by record Kearl production. Shareholder returns totaled nearly $3 billion in 2021, highlighted by a 26% dividend increase. Imperial also committed to a 30% reduction in GHG emissions intensity by 2030, supporting its goal for net-zero emissions by 2050.
Exxon Mobil Corporation (NYSE:XOM) reported a strong fourth quarter in 2021, with earnings of $8.9 billion ($2.08 per share), contributing to a full-year net income of $23 billion ($5.39 per share). The company generated $48 billion of cash flow from operations, enabling significant debt repayment of $20 billion, returning its balance sheet to pre-pandemic levels. Structural cost reductions reached nearly $5 billion since 2019, while Exxon aims for net zero Scope 1 and 2 emissions by 2050. The board approved a $10 billion share buyback program, initiated in early 2022 to enhance shareholder value.
ExxonMobil is streamlining its operations by combining its chemical and downstream businesses and centralizing technology and engineering services, effective April 1. This restructuring aims to enhance customer service, performance, and shareholder value. The company anticipates over $6 billion in cost savings by 2023, driven by the new model and previous efficiency measures. New divisions will focus on sustainable products, with a significant role in reducing emissions and plastic waste. Corporate headquarters will relocate from Irving, Texas, to Houston to boost collaboration.
ExxonMobil has appointed Jennifer Driscoll as vice president of investor relations, effective February 7, succeeding Stephen Littleton, who is retiring after 30 years. Driscoll brings valuable experience from her previous roles at Caterpillar, DuPont, Campbell Soup, and Best Buy. Kathryn Mikells, senior vice president and CFO, expressed optimism about Driscoll's ability to enhance shareholder communication. Littleton's tenure included significant contributions to the company since joining in 1992.
The Board of Directors of Exxon Mobil Corporation declared a cash dividend of $0.88 per share on its Common Stock, payable on March 10, 2022. Shareholders of record as of February 10, 2022 will receive this dividend. This first-quarter dividend matches the previous quarter's amount and reflects the company's commitment to sharing its success with investors, having increased annual dividends for 39 consecutive years.
Exxon Mobil Corporation will release its fourth quarter 2021 financial results on February 1, 2022, at 6:30 a.m. CT. A press release will be available on their official website. CEO Darren Woods, CFO Kathy Mikells, and VP of Investor Relations Stephen Littleton will hold a conference call at 8:30 a.m. CT to discuss the results, accessible via a webcast or by phone. An archive will be provided on their investor relations page.
Imperial Oil has announced plans to reduce its greenhouse gas emissions intensity from oil sands operations by 30% by 2030, using next-generation technologies and carbon capture solutions. The company reaffirms its goal for net zero emissions by 2050, collaborating with governments and industry partners. This initiative builds on a successful 20% reduction in emissions intensity from 2013 to 2016, supported by $2.1 billion invested in research and technology. Imperial is a founding member of the Oil Sands Pathways to Net Zero alliance, aiming to achieve net zero emissions in oil sands operations by 2050.
ExxonMobil aims for net-zero greenhouse gas emissions from its operated assets by 2050, focusing on comprehensive emission-reduction roadmaps. Key initiatives include 2030 emission-reduction plans targeting a 20-30% reduction in corporate-wide greenhouse gas intensity and significant reductions in methane and flaring emissions. The company pledges over $15 billion investment in lower-emission technologies by 2027, emphasizing carbon capture, hydrogen, and biofuels. ExxonMobil's strategy aligns with various net-zero scenarios and aims to ensure resilience while creating shareholder value.
Imperial Oil Limited (TSE: IMO, NYSE American: IMO) will host its 2021 Fourth Quarter Earnings Call on February 1, starting at 9 a.m. MT. CEO Brad Corson will provide brief remarks before addressing questions from analysts. The earnings release will take place earlier that day. The event will be available via webcast, which will be accessible for one year on the company's investor relations website. Imperial Oil is a leading player in Canada's energy sector, focusing on responsible resource development.
Imperial Oil (NYSE American: IMO) announced plans to market its 50% interest in XTO Energy Canada, a joint venture with ExxonMobil Canada. This includes substantial assets in the Montney and Duvernay shale areas of Alberta, covering 568,000 net acres in Montney and 85,000 net acres in Duvernay. Net production from these assets totals approximately 140 million cubic feet of natural gas and 9,000 barrels of oil per day. The company continues operations as normal during this evaluation, retaining RBC Capital Markets as a financial advisor.
