Business Wire

  1. ExxonMobil Earns $2.4B In First Quarter 2019

    Exxon Mobil Corporation: First First Fourth Quarter Quarter Quarter 2019 2018 % 2018 % Earnings Summary (Dollars in millions, except per share data) Earnings (U.S. GAAP) 2,350 4,650 -49 6,000 -61 Earnings Per Common Share Assuming Dilution 0.55 1.09 -50 1.41 -61 Capital and Exploration Expenditures 6,890 4,867 42 7,843 -12 Exxon Mobil Corporation recently announced estimated first quarter 2019 earnings of $2.4B, or $0.55 per share assuming dilution, compared with $4.7.

  2. ExxonMobil Acquires More Exploration Acreage Offshore Namibia

    ExxonMobil said recently it will increase its exploration acreage in Namibia with the addition of approximately 7 million net acres (28,000 square kilometers) following the signing of an agreement with the government of Namibia and the National Petroleum Corporation of Namibia (NAMCOR) for blocks 1710 and 1810, and farm-in agreements with NAMCOR for blocks 1711 and 1811A.

  3. ExxonMobil Signs 20-Year LNG Agreement With Zhejiang Energy

    ExxonMobil said recently that it signed a sales and purchase agreement with Zhejiang Provincial Energy Group for liquefied natural gas (LNG) supply. 

  4. ExxonMobil Announces 13th Discovery Offshore Guyana

    ExxonMobil said recently it made a new oil discovery offshore Guyana at the Yellowtail-1 well, marking the 13th discovery on the Stabroek Block.

  5. ExxonMobil Wins Three Blocks In Argentina Offshore Bid Round

    ExxonMobil has increased holdings in Argentina after its subsidiary ExxonMobil Argentina Offshore Investments B.V. and an affiliate of Qatar Petroleum won three exploration blocks during Argentina’s first offshore bid round.

  6. Chevron Announces Agreement To Acquire Anadarko

    Chevron Corporation announced today that it has entered into a definitive agreement with Anadarko Petroleum Corporation to acquire all of the outstanding shares of Anadarko in a stock and cash transaction valued at $33 billion, or $65 per share.

  7. Ensco Plc And Rowan Companies Plc Merge To Form Ensco Rowan Plc, Industry-Leading Offshore Driller

    Ensco Rowan plc  (“EnscoRowan” or the “Company”), recently announced the completion of the previously disclosed merger of Ensco plc (“Ensco”) and Rowan Companies plc (“Rowan”), which follows the satisfaction of the transaction’s closing conditions including overwhelming approval by each company’s shareholders and sanction by the UK Court of the scheme of arrangement implementing the transaction.

  8. Brightmark Energy Launches Central Washington’s First Dairy Biogas Project

    Brightmark Energy, a San Francisco-based waste and energy development company, recently launched a biogas project in Yakima County, Washington, that will convert 150,000 gallons per day of dairy waste from up to 7,000 cows into 160,000 MMBtu of renewable natural gas (RNG) – the equivalent of 1.4 million gallons of gasoline – and other products each year

  9. Stonepeak Infrastructure Partners To Acquire Oryx Midstream

    Affiliates of Quantum Energy Partners, Post Oak Energy Capital, Concho Resources, WPX Energy and other investors announced recently that they have entered into a binding agreement to sell substantially all of the assets of Oryx Southern Delaware Holdings LLC and Oryx Delaware Holdings LLC (collectively, “Oryx”) to funds managed by Stonepeak Infrastructure Partners (“Stonepeak”) for a cash purchase price of approximately $3.6B.

  10. ExxonMobil Invests In Singapore Integrated Complex To Upgrade Product Slate To Higher-Value Lube Base Stocks, Distillates

    ExxonMobil said recently that it has made a final investment decision on a multi-billion dollar expansion of its integrated manufacturing complex in Singapore to convert fuel oil and other bottom-of-the-barrel crude products into higher-value lube base stocks and distillates.