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Exxon Mobil Corp (XOM.N)

XOM.N on New York Stock Exchange

78.53USD
20 Feb 2019
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Latest Key Developments (Source: Significant Developments)

Air Products Wins Contract For Golden Pass LNG Export Project
Monday, 18 Feb 2019 

Feb 18 (Reuters) - Air Products ::AIR PRODUCTS WINS CONTRACT FOR GOLDEN PASS LNG EXPORT PROJECT.AIR PRODUCTS - AGREEMENT TO PROVIDE ITS PROPRIETARY LNG TECHNOLOGY , EQUIPMENT, AND RELATED PROCESS LICENSE TO GOLDEN PASS PRODUCTS LLC.AIR PRODUCTS - CO'S LNG TECHNOLOGY IS TO BE OPERATIONAL WHEN GOLDEN PASS FACILITY STARTS-UP IN 2024.  Full Article

Mcdermott Says Awarded A "Mega" Contract By Golden Pass Products
Tuesday, 5 Feb 2019 

Feb 5 (Reuters) - McDermott International Inc ::MCDERMOTT, CHIYODA AND ZACHRY GROUP AWARDED GOLDEN PASS LNG EXPORT PROJECT IN SOUTHEAST TEXAS.MCDERMOTT INTERNATIONAL - CONTRACT AWARD WILL BE REFLECTED IN MCDERMOTT'S Q1 2019 BACKLOG.MCDERMOTT INTERNATIONAL - AWARDED A "MEGA" CONTRACT BY GOLDEN PASS PRODUCTS, A JV BETWEEN QATAR PETROLEUM AND EXXONMOBIL AFFILIATES.MCDERMOTT INTERNATIONAL INC - CO, CHIYODA AND ZACHRY GROUP WILL PERFORM ENGINEERING, PROCUREMENT, CONSTRUCTION AND COMMISSIONING OF 3 LNG TRAINS.  Full Article

Imperial Oil cuts rail volumes due to Alberta curtailments
Friday, 1 Feb 2019 

Feb 1 (Reuters) - Imperial Oil Ltd CEO Rich Kruger, speaking on a conference call::IMPERIAL OIL CEO SAYS ALBERTA CRUDE CURTAILMENTS 'UNFAIR, ANTI-COMPETITIVE', LEAVING UNCERTAIN CONSEQUENCES.IMPERIAL OIL CUT CRUDE BY RAIL VOLUMES NEARLY IN HALF IN JANUARY TO 90,000 BPD DUE TO CURTAILMENTS; SEES VOLUMES NEAR ZERO IN FEBRUARY - CEO.IMPERIAL OIL RE-EVALUATING ASSUMPTIONS FOR ITS ASPEN OIL SANDS PROJECT RELATED TO PIPELINE CAPACITY, POTENTIAL FUTURE CURTAILMENTS.  Full Article

Exxon Mobil Reports Quarterly Earnings Per Share Of $1.41
Friday, 1 Feb 2019 

Feb 1 (Reuters) - Exxon Mobil Corp ::QUARTERLY EARNINGS PER SHARE $1.41.QUARTERLY EARNINGS $6 BILLION VERSUS $8.38 BILLION LAST YEAR.QUARTERLY CAPITAL AND EXPLORATION EXPENDITURES WERE $7.84 BILLION VERSUS $9.00 BILLION REPORTED LAST YEAR.Q4 LIQUIDS PRODUCTION UP 4 PERCENT DRIVEN BY PERMIAN GROWTH.QUARTERLY ADJUSTED UPSTREAM EARNINGS $3,710 MILLION VERSUS $2,518 MILLION.QUARTERLY CASH FLOW FROM OPERATIONS AND ASSET SALES WAS $9.49 BILLION VERSUS. $8.82 BILLION.QUARTERLY OIL-EQUIVALENT PRODUCTION 4,010 KOEBD VERSUS 3,991 KOEBD.QUARTERLY TOTAL REVENUES AND OTHER INCOME $71,895 MILLION VERSUS $66,515 MILLION.QUARTERLY NET PRODUCTION OF CRUDE OIL, NATURAL GAS LIQUIDS, BITUMEN AND SYNTHETIC OIL 2,348 KBD VERSUS 2,251 KBD.QUARTERLY ADJUSTED DOWNSTREAM EARNINGS $2,729 MILLION VERSUS $952 MILLION.Q4 EARNINGS PER SHARE VIEW $1.08, REVENUE VIEW $77.28 BILLION -- REFINITIV IBES DATA.QUARTERLY NATURAL GAS PRODUCTION AVAILABLE FOR SALE 9,974 MCFD VERSUS 10,441 MCFD.QUARTERLY WORLDWIDE REFINERY THROUGHPUT 4,298 KBD VERSUS. 4,207 KBD REPORTED LAST YEAR.QUARTERLY ADJUSTED CHEMICAL EARNINGS $744 MILLION VERSUS $935 MILLION.QUARTERLY GAAP UPSTREAM EARNINGS $3,313 MILLION VERSUS $8,352 MILLION.QUARTERLY EARNINGS EXCLUDING U.S. TAX REFORM AND IMPAIRMENTS WERE $6.41 BILLION, COMPARED WITH $3.73 BILLION.QUARTERLY GAAP DOWNSTREAM EARNINGS $2,704 MILLION VERSUS $1,564 MILLION.QUARTERLY GAAP CHEMICAL EARNINGS $737 MILLION VERSUS $1,270 MILLION.  Full Article

ExxonMobil Says To Create Three New Upstream Companies
Thursday, 31 Jan 2019 

Jan 31 (Reuters) - Exxon Mobil Corp ::EXXONMOBIL STREAMLINING UPSTREAM ORGANIZATION TO SUPPORT GROWTH PLANS.REORGANIZATION WILL INVOLVE CREATION OF THREE NEW UPSTREAM COMPANIES.LIAM MALLON, CURRENTLY PRESIDENT OF EXXONMOBIL DEVELOPMENT COMPANY, WILL BECOME PRESIDENT OF EXXONMOBIL UPSTREAM OIL & GAS COMPANY.NEW UPSTREAM COMPANIES ARE EXXONMOBIL UPSTREAM OIL & GAS COMPANY, EXXONMOBIL UPSTREAM BUSINESS DEVELOPMENT COMPANY.STEVE GREENLEE, CURRENTLY PRESIDENT OF EXXONMOBIL EXPLORATION COMPANY, TO BECOME PRESIDENT OF EXXONMOBIL UPSTREAM BUSINESS DEVELOPMENT CO.LINDA DUCHARME WILL BECOME PRESIDENT OF EXXONMOBIL UPSTREAM INTEGRATED SOLUTIONS COMPANY.NEIL DUFFIN, CURRENTLY PRESIDENT OF EXXONMOBIL PRODUCTION COMPANY, WILL BECOME PRESIDENT OF EXXONMOBIL GLOBAL PROJECTS COMPANY.ANOTHER NEW UPSTREAM COMPANY THAT WILL BE CREATED IS EXXONMOBIL UPSTREAM INTEGRATED SOLUTIONS COMPANY..REORGANIZATION WILL BE EFFECTIVE APRIL 1.EXXONMOBIL UPSTREAM BUSINESS DEVELOPMENT COMPANY WILL OVERSEE STRATEGY DEVELOPMENT, EXPLORATION, ACQUISITIONS AND DIVESTMENTS.EXXONMOBIL UPSTREAM OIL & GAS COMPANY WILL FOCUS ON END-TO-END VALUE CHAIN MANAGEMENT IN FIVE DISTINCT GLOBAL BUSINESSES.EXXONMOBIL UPSTREAM INTEGRATED SOLUTIONS WILL PROVIDE SPECIALIZED COMMERCIAL SKILLS, SUCH AS DRILLING, RESEARCH & TECH AMONG OTHER THINGS.5 GLOBAL BUSINESSES EXXONMOBIL UPSTREAM OIL & GAS WILL FOCUS ON ARE UNCONVENTIONAL, LIQUEFIED NATURAL GAS, DEEPWATER, HEAVY OIL & CONVENTIONAL.  Full Article

TechnipFMC announces large contract win for ExxonMobil refinery expansion
Thursday, 31 Jan 2019 

Jan 31 (Reuters) - TechnipFMC PLC ::* Awarded a large, reimbursable contract by ExxonMobil for detailed engineering, procurement, and construction for the recently announced crude expansion project in Beaumont, Texas, USA..* The awarded scope covers the addition of four new units – atmospheric pipe still, kerosene hydrotreater, diesel hydrotreater and benzene recovery at ExxonMobil’s Refinery..* TechnipFMC adds that the company defines a "large" contract as one between $500 million and $1 billion. .  Full Article

Exxon Mobil Corp Sets Quarterly Cash Dividend Of $0.82 Per Share
Wednesday, 30 Jan 2019 

Jan 30 (Reuters) - Exxon Mobil Corp ::EXXON MOBIL CORPORATION DECLARES FIRST QUARTER DIVIDEND .SETS QUARTERLY CASH DIVIDEND OF $0.82 PER SHARE.  Full Article

Exxonmobil, Plains All American And Lotus Midstream Proceeding With Wink To Webster Pipeline
Wednesday, 30 Jan 2019 

Jan 30 (Reuters) - Plains All American Pipeline LP ::EXXONMOBIL, PLAINS ALL AMERICAN AND LOTUS MIDSTREAM PROCEEDING WITH WINK TO WEBSTER PIPELINE.EXXONMOBIL - CO, PLAINS ALL AMERICAN AND LOTUS MIDSTREAM FORMALIZE PREVIOUSLY ANNOUNCED JOINT VENTURE.EXXONMOBIL - WINK TO WEBSTER PIPELINE TO TRANSPORT MORE THAN 1 MILLION BARRELS OF CRUDE OIL AND CONDENSATE PER DAY.EXXONMOBIL - EXPECTED IN-SERVICE OF WINK TO WEBSTER PIPELINE BY FIRST HALF OF 2021.EXXONMOBIL - PLAINS WILL LEAD PROJECT CONSTRUCTION ON BEHALF OF JV AND HAS ALREADY INITIATED PRE-CONSTRUCTION ACTIVITIES.EXXONMOBIL - WINK TO WEBSTER PIPELINE LLC JV FORMED & ORDERED NEARLY 650 MILES OF DOMESTICALLY SOURCED 36-INCH-DIAMETER LINE PIPE.EXXONMOBIL - WINK TO WEBSTER PIPELINE WILL BE CONSTRUCTED FROM PERMIAN BASIN IN WEST TEXAS TO TEXAS GULF COAST.  Full Article

ExxonMobil To Proceed With New Crude Unit As Part Of Beaumont Refinery Expansion
Tuesday, 29 Jan 2019 

Jan 29 (Reuters) - ExxonMobil Corp ::EXXONMOBIL TO PROCEED WITH NEW CRUDE UNIT AS PART OF BEAUMONT REFINERY EXPANSION.CONSTRUCTION ON TRACK FOR PRODUCTION STARTUP BY 2022.CRUDE-PROCESSING CAPACITY TO INCREASE BY MORE THAN 65 PERCENT.NEW UNIT AT ITS BEAUMONT, TEXAS REFINERY WILL INCREASE CRUDE REFINING CAPACITY BY MORE THAN 65 PERCENT, OR 250,000 BARRELS PER DAY.  Full Article

Equinor to consider tie-in of gas discovery to Kristin field
Wednesday, 16 Jan 2019 

Jan 16 (Reuters) - Equinor ASA ::PLEASED TO START NEW YEAR BY ANNOUNCING A NEW DISCOVERY.TOGETHER WITH ITS PARTNERS PETORO, EXXONMOBIL AND TOTAL, PROVEN GAS AND CONDENSATE IN NORWEGIAN SEA RAGNFRID NORTH (6406/2-9 S) EXPLORATION WELL.RECOVERABLE RESOURCES ARE ESTIMATED AT 6-25 MILLION BARRELS OF OIL EQUIVALENT.EXPLORING FOR RESOURCES CLOSE TO EXISTING INFRASTRUCTURE IS A CENTRAL PART OF EQUINOR'S STRATEGY TO FURTHER DEVELOP NORWEGIAN CONTINENTAL SHELF.WE NEED THIS KIND OF DISCOVERIES IN YEARS TO COME.LICENCE PARTNERS WILL NOW EVALUATE DISCOVERY FOR DEVELOPMENT AND TIE-IN TO KRISTIN FIELD AND FURTHER MATURING OF KRISTIN SOUTH PROJECT." RAGNFRID NORTH DISCOVERY WILL INCREASE PROBABILITY OF DISCOVERY FOR OTHER PROSPECTS AND PAVE WAY FOR MORE DRILLING OPERATIONS IN THIS CENTRAL PART OF NORWEGIAN SEA.THIS IS SOMETHING WE WILL CONSIDER GOING FORWARD WHILE FURTHER ANALYSING RESULTS. NCS STILL OFFERS GREAT POTENTIAL.  Full Article

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Buffett's Suncor bet to revive investor interest in Canadian energy

TORONTO Berkshire Hathaway Inc's re-investment in Suncor Energy Inc highlights the benefits of being an integrated oil company and could revive investor interest in the languishing Canadian energy sector, fund managers said.