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Exxon Mobil Corp (XOM.N)

XOM.N on New York Stock Exchange

78.26USD
17 Aug 2018
Change (% chg)

$0.26 (+0.33%)
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Latest Key Developments (Source: Significant Developments)

Exxonmobil's Speedpass+ App Now Available In GM Vehicles
Tuesday, 7 Aug 2018 

Aug 7 (Reuters) - General Motors Co ::EXXONMOBIL - SPEEDPASS+ APP NOW AVAILABLE IN GENERAL MOTORS VEHICLES.  Full Article

Exxon Says Q4 Earnings 'Challenging' And 'Well Below Market Expectations'
Friday, 27 Jul 2018 

July 27 (Reuters) - Exxon Mobil Corp ::EXECUTIVE NEIL HANSEN SAYS Q2 EARNINGS WERE 'CHALLENGING' AND 'WELL BELOW MARKET EXPECTATIONS'.SAYS WEAK GAS DEMAND IN EUROPE HURT Q2 UPSTREAM EARNINGS.SAYS SCHEDULED MAINTENANCE IN CANADIAN OIL SANDS PROJECTS HURT Q2 UPSTREAM VOLUMES.SAYS PAPUA NEW GUINEA LNG FACILITIES BACK TO NORMAL OPERATIONS AFTER EARTHQUAKE.SAYS DOWNSTREAM REFINING MAINTENANCE DENTED Q2 EARNINGS BY $620 MILLION.SAYS 'REPAIRS COMPLETE AND WE ARE RETURNING TO FULL PRODUCTION' IN DOWNSTREAM.SAYS DOES NOT EXPECT SIGNIFICANT DOWNSTREAM MAINTENANCE IN Q3.SENIOR VICE PRESIDENT CHAPMAN SAYS Q2 WAS 'LOW POINT IN TERMS OF VOLUMES IN UPSTREAM AND DOWNSTREAM'.SVP CHAPMAN SAYS VOLUMES WILL STEADILY INCREASE FOR REST OF YEAR.SVP CHAPMAN SAYS 'WE ARE NOT HAPPY' ABOUT MAJOR REFINERY MAINTENANCE DURING Q1 AND Q2.SVP CHAPMAN SAYS 'NOTHING SYSTEMIC' ABOUT REFINERY MAINTENANCE.SVP CHAPMAN EXPECTS 2018 AVERAGE PRODUCTION TO BE ABOUT 3.8 MILLION BOE/D.SVP CHAPMAN SAYS CONSIDERING ADDING THIRD EXPLORATION SHIP TO OFFSHORE GUYANA ACREAGE.SVP CHAPMAN SAYS BROUGHT 50 PERMIAN WELLS ONLINE IN Q2.SVP CHAPMAN SAYS COMPANY HAS 'MORE THAN ENOUGH' PERMIAN TRANSPORT CAPACITY FOR ITS CRUDE OIL.SVP CHAPMAN SAYS COMPANY HAS 34 DRILLING RIGS IN PERMIAN.HAS 11 FRACKING CREWS IN PERMIAN.HAS 6 DRILLING RIGS IN BAKKEN.HAS 3 FRACKING CREWS IN BAKKEN.SVP CHAPMAN SAYS EXPECTS FINAL INVESTMENT DECISION ON MOZAMBIQUE LNG IN 2019.SVP CHAPMAN SAYS IN U.S. SHALE, EXXON WILL PRIORITIZE LIQUIDS PRODUCTION OVER GAS.  Full Article

Exxon Mobil reports Q2 earnings per share of $0.92
Friday, 27 Jul 2018 

July 27 (Reuters) - Exxon Mobil Corp ::EXXONMOBIL EARNS $4 BILLION IN SECOND QUARTER OF 2018.Q2 EARNINGS PER SHARE $0.92.EXXONMOBIL - QTRLY OIL-EQUIVALENT PRODUCTION WAS 3.6 MILLION BARRELS PER DAY, DOWN 7 PERCENT FROM Q2 OF 2017.EXXONMOBIL - QTRLY CAPITAL AND EXPLORATION EXPENDITURES WERE $6,627 MILLION VERSUS $3,925 MILLION.EXXONMOBIL - QTRLY CASH FLOW FROM OPERATIONS AND ASSET SALES WAS $8,087 MILLION VERSUS $7,101 MILLION.EXXONMOBIL - QTRLY TOTAL REVENUES AND OTHER INCOME $73,501 MILLION VERSUS $58,077 MILLION LAST YEAR.EXXONMOBIL - QTRLY UPSTREAM EARNINGS $3.04 BILLION VERSUS $1.18 BILLION.EXXONMOBIL - QTRLY DOWNSTREAM EARNINGS $724 MILLION VERSUS $1.39 BILLION.EXXONMOBIL - CAPITAL AND EXPLORATION EXPENDITURES WERE UP 69 PERCENT, REFLECTING KEY INVESTMENTS IN BRAZIL, U.S. PERMIAN BASIN AND INDONESIA.EXXONMOBIL - QTRLY CHEMICAL EARNINGS $890 MILLION VERSUS $985 MILLION.EXXONMOBIL - QTRLY WORLDWIDE REFINERY THROUGHPUT 4,105 KBD VERSUS. 4,345 KBD REPORTED LAST YEAR.EXXONMOBIL - EXCLUDING. ENTITLEMENT EFFECTS & DIVESTMENTS, Q2 LIQUIDS PRODUCTION ROSE AS GROWTH IN PERMIAN, BAKKEN, HEBRON MORE THAN OFFSET DECLINE, HIGHER DOWNTIME BY SCHEDULED MAINTENANCE.EXXONMOBIL - Q2 NET PRODUCTION OF CRUDE OIL, NATURAL GAS LIQUIDS, BITUMEN AND SYNTHETIC OIL 2,212 KBD VERSUS 2,269 KBD.EXXONMOBIL - QTRLY NATURAL GAS PRODUCTION AVAILABLE FOR SALE 8,613 MCFD VERSUS 9,920 MCFD.  Full Article

Exxon Mobil Declares Q3 Cash Dividend Of $0.82 Per Share
Wednesday, 25 Jul 2018 

July 25 (Reuters) - Exxon Mobil Corp ::ORATION DECLARES THIRD QUARTER DIVIDEND.SETS QUARTERLY CASH DIVIDEND OF $0.82PER SHARE.  Full Article

Exxonmobil Increases Estimate For Guyana’S Stabroek Block To 4 Bln Barrels
Monday, 23 Jul 2018 

July 23 (Reuters) - Exxon Mobil Corp ::EXXONMOBIL INCREASES ESTIMATE FOR GUYANA’S STABROEK BLOCK TO 4 BILLION BARRELS.ADDITIONAL TWO PHASES UNDER CONSIDERATION WITH POTENTIAL TO PRODUCE OVER 750,000 BARRELS PER DAY.INCREASED ITS ESTIMATE OF DISCOVERED RECOVERABLE RESOURCES FOR STABROEK BLOCK OFFSHORE GUYANA TO MORE THAN 4 BILLION OIL-EQUIVALENT BARRELS.LIZA PHASE 1, WILL USE FLOATING PRODUCTION, STORAGE & OFFLOADING VESSEL TO PRODUCE 120,000 BARRELS OF OIL PER DAY, STARTING BY EARLY 2020.LIZA PHASE 2 IS TARGETED FOR SANCTIONING BY END OF THIS YEAR.LIZA PHASE 2 WILL USE FPSO VESSEL DESIGNED TO PRODUCE UP TO 220,000 BARRELS OF OIL PER DAY & IS EXPECTED TO BE PRODUCING BY MID-2022.COLLECTIVE DISCOVERIES ON STABROEK BLOCK TO DATE ESTABLISHED POTENTIAL FOR UP TO FIVE FPSOS PRODUCING OVER 750,000 BARRELS PER DAY BY 2025.EXXONMOBIL SAYS "SUCCESS IN UPSTREAM PROJECTS INCREASES CONFIDENCE IN EARNINGS GROWTH PLANS".  Full Article

SBM Offshore Awarded Contracts For Exxonmobil's Second Liza FPSO
Tuesday, 3 Jul 2018 

July 3 (Reuters) - SBM OFFSHORE NV ::PRESS RELEASE SBM OFFSHORE AWARDED CONTRACTS FOR EXXONMOBIL'S SECOND LIZA FPSO BASED ON ITS FAST4WARDTM PROGRAM.WILL CONSTRUCT, INSTALL AND THEN LEASE AND OPERATE FPSO FOR A PERIOD OF UP TO 2 YEARS.AFTER THIS TIME FPSO OWNERSHIP AND OPERATION WILL TRANSFER TO EEPGL..WITH RESPECT TO FPSO LIZA DESTINY DISCUSSIONS WITH CLIENT ARE UNDERWAY REGARDING A POTENTIAL ACCELERATED TRANSFER OF OWNERSHIP.  Full Article

ExxonMobil Singapore Butyl And Resins Plants Begin Production
Wednesday, 20 Jun 2018 

June 20 (Reuters) - Exxon Mobil Corp ::EXXONMOBIL SINGAPORE BUTYL AND RESINS PLANTS BEGIN PRODUCTION.EXXONMOBIL - HYDROGENATED HYDROCARBON RESIN AND HALOBUTYL PRODUCTION CAPACITY INCREASED 90,000 TONNES AND 140,000 TONNES PER YEAR RESPECTIVELY.EXXONMOBIL - NEW 140,000-TONNES-PER-YEAR BUTYL PLANT WILL PRODUCE PREMIUM HALOBUTYL RUBBER USED BY MANUFACTURERS FOR TIRES.  Full Article

USW Urges Exxonmobil Shareholders To Vote In Favor Of Proposal On Lobbying Report
Monday, 21 May 2018 

May 21 (Reuters) - United Steelworkers International Union::UNITED STEELWORKERS INTERNATIONAL UNION SAYS URGES EXXONMOBIL SHAREHOLDERS TO VOTE IN FAVOR OF PROPOSAL ON LOBBYING REPORT - SEC FILING.  Full Article

Santos Says PNG LNG Resumes Normal Production
Monday, 30 Apr 2018 

April 30 (Reuters) - Santos Ltd ::PNG LNG RESUMES NORMAL PRODUCTION.OPERATOR EXPECTS TO REACH FULL CAPACITY IN MAY.EXPORTS OF LNG HAVE ALSO RESUMED.HAS BEEN ADVISED BY EXXONMOBIL, PNG LNG OPERATOR, THAT LNG TRAIN 2 HAS SAFELY RESTARTED AND PLANT IS OPERATING AT NORMAL PRODUCTION RATES."SAFE RESTART AND RAMP-UP OF BOTH LNG TRAINS AHEAD OF EXXONMOBIL'S PREVIOUSLY ESTIMATED EIGHT-WEEK TIMEFRAME" .  Full Article

Stone Energy Corp Announces Agreement To Purchase Ram Powell Field
Friday, 27 Apr 2018 

April 27 (Reuters) - Stone Energy Corp ::STONE ENERGY CORPORATION ANNOUNCES AGREEMENT TO PURCHASE RAM POWELL FIELD.EXECUTION OF DEAL TO PURCHASE RAM POWELL UNIT, RELATED ASSETS, FROM SHELL OFFSHORE, EXXON MOBIL CORPORATION AND ANADARKO US OFFSHORE.  Full Article

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Russian oil industry would weather U.S. 'bill from hell'

MOSCOW Stiff new U.S. sanctions against Russia would only have a limited impact on its oil industry because it has drastically reduced its reliance on Western funding and foreign partnerships and is lessening its dependence on imported technology.