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