Business Wire

  1. ExxonMobil, SABIC To Proceed With Gulf Coast Growth Ventures Project

    ExxonMobil and SABIC recently announced the decision to proceed with the construction of a chemical facility and a 1.8 million metric ton ethane steam cracker in San Patricio County, Texas, leading to thousands of high-paying jobs and billions in economic output.

  2. ExxonMobil Proceeds With Argentina Expansion Project In Vaca Muerta Basin

    ExxonMobil said recently it is proceeding with a long-term oil development in Argentina’s Bajo del Choique-La Invernada block

  3. ExxonMobil, Partners To Redevelop Angola Block 15 To Increase Production

    ExxonMobil and its partners said recently they will further invest in Block 15 offshore Angola to increase production as part of an agreement with Angola’s recently established National Agency for Petroleum, Gas and Biofuels.

  4. ExxonMobil Progresses Growth Plans And Efforts To Advance Lower-Emissions Technologies

    ExxonMobil is progressing growth plans to substantially increase earnings and cash flow potential while researching technology breakthroughs to reduce emissions, Chairman and CEO Darren Woods told shareholders during the company’s annual meeting recently

  5. ExxonMobil Permian Development To Provide $64B In Benefits To New Mexico: Study

    ExxonMobil recently said a new study estimates the company’s development of Permian Basin resources in New Mexico will generate approximately $64 billion in net economic benefits for the state and local communities over the next 40 years, creating thousands of new jobs and providing increased funding for education, health and human services and infrastructure improvements.

  6. ExxonMobil, Employees And Retirees Donate More Than $50M To U.S. Colleges And Universities

    ExxonMobil said recently that 806 accredited colleges and universities in the United States will receive a total of $50.4M as part of the ExxonMobil Foundation’s 2018 Educational Matching Gift Program.

  7. Rovuma LNG Development Plan Approved By Mozambique Government

    Mozambique Rovuma Venture said recently that the government of Mozambique had approved its development plan for the Rovuma LNG project, which will produce, liquefy and market natural gas from three reservoirs located in the Area 4 block offshore Mozambique, two of which straddle the boundary with neighboring Area 1.

  8. KKR And Spur Energy Partners Form Partnership To Pursue Oil And Gas Opportunities

    Spur Energy Partners LLC (“Spur”) and KKR, a leading global investment firm, recently announced the formation of a partnership to acquire large, high-margin oil and gas production and development assets across the Lower 48.

  9. Occidental To Acquire Anadarko

    Occidental Petroleum Corporation (“Occidental” or “the Company”) recently entered into a definitive agreement whereby Occidental will acquire Anadarko Petroleum Corporation (“Anadarko”)for $59.00 in cash and 0.2934 shares of Occidental common stock per share of Anadarko common stock, in a transaction valued at $57B, including the assumption of Anadarko’s debt.

  10. ExxonMobil To Invest Up To $100M On Lower-Emissions R&D With U.S. National Labs

    ExxonMobil said recenty it will invest up to $100 million over 10 years to research and develop advanced lower-emissions technologies with the U.S. Department of Energy’s National Renewable Energy Laboratory and National Energy Technology Laboratory.