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 (NYSE: XOM) generates frequent news and disclosures as one of the largest publicly traded international energy and petrochemical companies. Its updates cover developments across its Upstream, Product Solutions and Low Carbon Solutions businesses, as well as capital markets activity and corporate governance changes. This news page aggregates those announcements so readers can review company‑issued information in one place.
Investors and followers of XOM can find coverage of quarterly earnings releases, where ExxonMobil reports segment‑level earnings, production volumes, refining throughput, product sales, cash flow from operations, and capital expenditures. The company also issues news and related Form 8‑K filings when it provides earnings considerations documents, updates its Corporate Plan through 2030, or schedules upcoming financial results releases and conference calls.
Beyond financial results, ExxonMobil news includes items on its Corporate Plan outlook, structural cost savings, and the role of advantaged assets in the Permian Basin, Guyana, and LNG within its Upstream segment. In Product Solutions, news highlights record refinery throughput, high‑value product sales in Chemical and Specialty Products, and acquisitions that support entry into areas such as battery anode materials. Low Carbon Solutions‑related news covers carbon capture and storage projects, contracts for CO₂ volumes, and CCS‑enabled low‑carbon data center concepts.
Governance and leadership updates are also reported, such as the election of new directors to the board, committee assignments, and changes in senior executive roles disclosed via 8‑K filings. For anyone tracking XOM stock, this page offers a central view of ExxonMobil’s official press releases and regulatory news, helping users follow how the company describes its performance, strategic priorities, and lower‑emissions initiatives over time.
Imperial Oil reported a record first quarter net income of $1,173 million, marking the highest in over 30 years, primarily driven by favorable market conditions. Upstream income totaled $782 million, while downstream income reached $389 million. Operating cash flow was $1,914 million, with free cash flow of $1,635 million. Despite upstream production averaging 380,000 barrels per day affected by cold weather, refinery utilization was strong at 93%. The company declared a 34 cents per share dividend and announced plans for a $2.5 billion share buyback.
Exxon Mobil Corporation reported first-quarter 2022 earnings of $5.5 billion, translating to $1.28 per diluted share. Excluding identified items, earnings soared to $8.8 billion, up over $6 billion year-over-year. The company generated $14.8 billion in cash flow from operations, covering capital investments and exceeding shareholder distributions. A $30 billion share repurchase program was announced, alongside major developments in oil production, including five new discoveries in Guyana, raising recoverable resources to nearly 11 billion barrels. ExxonMobil also advanced its lower-emission initiatives, including a significant blue hydrogen project in Texas.
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The Board of Directors of Exxon Mobil Corporation has declared a cash dividend of $0.88 per share, payable on June 10, 2022, for shareholders of record as of May 13, 2022. This dividend matches the amount paid in the first quarter of 2022. Exxon Mobil has a long history of returning value to its shareholders, having increased its annual dividend for 39 consecutive years, showcasing the company's commitment to shareholder returns.
ExxonMobil announced three new offshore discoveries in Guyana, increasing recoverable resources in the Stabroek Block to nearly 11 billion oil-equivalent barrels. The Barreleye-1, Patwa-1, and Lukanani-1 wells added to a total of five discoveries in 2022. The company highlights ongoing operations at Barreleye-1 and Lukanani-1, with production projects in Guyana ramping up to significant outputs. The Liza Phase 2 project is currently producing 220,000 barrels per day, while the upcoming Payara project is set to start before year-end 2023, underscoring ExxonMobil's commitment to its exploration strategy.
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 Brad Corson and VP of Investor Relations Dave Hughes will discuss the company's earnings released that morning. The event will be accessible via webcast and will remain available for a year following the call.
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.