Business Wire

  1. ExxonMobil Provides $300,000 To Support Relief Efforts In Mozambique Following Cyclone Idai

    ExxonMobil said recently that it is providing $300,000 to aid agencies to support disaster relief and recovery efforts in Mozambique following Cyclone Idai, which made landfall on March 14.

  2. ExxonMobil Updates Growth Plans, Significant Additional Upside Possible

    ExxonMobil today said it has updated its growth plans and expects annual earnings potential to increase by more than 140 percent by 2025 from 2017 adjusted earnings, assuming an oil price of $60 per barrel and based on 2017 margins.

  3. ExxonMobil To Increase, Accelerate Permian Output To 1M Barrels Per Day By 2024

    ExxonMobil said recently it has revised its Permian Basin growth plans to produce more than 1M oil-equivalent barrels per day by as early as 2024 – an increase of nearly 80 percent and a significant acceleration of value.

  4. TechnipFMC Completes Remaining Conditions With MIDOR, Enabling Work To Commence On Refinery Expansion And Modernization Project In Egypt

    TechnipFMC has successfully completed the remaining conditions required to enable work to commence on the Engineering, Procurement, and Construction (EPC) contract by Middle East Oil Refinery (MIDOR) for the modernization and expansion of their existing complex near Alexandria, Egypt.

  5. ExxonMobil To Fund Polypropylene Unit To Expand Baton Rouge Operations

    ExxonMobil said recently that it will fund the construction of a new polypropylene production unit in Baton Rouge that will expand production capacity along the Gulf Coast by up to 450,000 tons per year.

  6. ExxonMobil Makes Natural Gas Discovery Offshore Cyprus

    ExxonMobil recently said it has made a natural gas discovery offshore Cyprus in the Eastern Mediterranean at the Glaucus-1 well.

  7. ExxonMobil Adds 4.5 Billion Barrels To Reserves

    Exxon Mobil Corporation said recently it added 4.5billion oil-equivalent barrels of proved oil and gas reserves in 2018, replacing 313 percent of the year’s production. ExxonMobil's proved reserves totaled 24.3 billion oil-equivalent barrels at year-end 2018.

  8. ExxonMobil Employees Inspire Girls To Pursue Engineering Fields

    More than 1,000 middle-school girls have joined ExxonMobil for the company’s 16th annual Introduce a Girl to Engineering Day, which aims to inspire female students to consider engineering as a career.

  9. ExxonMobil To Increase Permian Profitability Through Digital Partnership With Microsoft

    ExxonMobil said recently a new partnership with Microsoft will make its Permian Basin operations the largest-ever oil and gas acreage to use cloud technology and is expected to generate billions in net cash flow over the next decade through improvements in analyses and enhancements to operational efficiencies.

  10. Halliburton Breaks Ground On First Oilfield Specialty Chemical Manufacturing Reaction Facility In Saudi Arabia

    Halliburton Company announced it will build the first oilfield chemical manufacturing reaction plant in Saudi Arabia. The Company held a ground-breaking ceremony on Monday, Feb. 18, at the plant’s PlasChem Park location in Jubail