$XOM (Exxon Mobil Corporation)

$XOM {{ '2016-07-29T12:25:13+0000' | timeago}} • Announcement

$XOM's upstream earnings for 2Q16 dropped to $294MM from $1.7Bil in the previous year quarter. Lower liquids and gas realizations decreased earnings by $2.2Bil, while volume and mix effects increased earnings by $50MM.

$XOM {{ '2017-07-29T11:11:14+0000' | timeago}} • Webcast

$XOM completed the tow-out and installation of the 750,000-ton Hebron Platform during 2Q17. The facility can produce 150,000 barrels per day, with an estimated recovery of over 700MM barrels of oil.

$XOM {{ '2017-07-29T11:09:49+0000' | timeago}} • Webcast

During 2Q17 $XOM distributed dividends of $3.3Bil to shareholders. CapEx was $3.9Bil, down 24% from prior year period, reflecting ongoing capital discipline. The company's  cash flow from operations and asset sales was $7.1Bil

$XOM {{ '2017-07-28T18:20:51+0000' | timeago}} • Infographic

$XOM Exxon Mobil Corporation Earnings AlphaGraphics: Q2 2017 highlights

$XOM {{ '2017-07-28T14:13:35+0000' | timeago}} • Announcement

$XOM's upstream earnings surged to $1.2Bil in 2Q17, helped by higher liquids and gas realization. Downstream earnings rose 68% to $1.4Bil, helped by higher margins. Chemical earnings fell to $985MM, due to higher turnaround expenses.

$XOM {{ '2017-07-28T14:08:21+0000' | timeago}} • Announcement

$XOM made a final investment decision during 2Q17 to proceed with the Liza field development located offshore Guyana, where production is expected to start in 2020. The company expects Liza to add up to 120,000 barrels of oil per day to $XOM's production.

$XOM {{ '2017-07-28T13:59:05+0000' | timeago}} • Announcement

During 2Q17, $XOM reported a 1% drop in oil-equivalent production to 3.9MM oil-equivalent barrels per day. Excluding entitlement effects and divestments, oil-equivalent production rose 1% compared to prior year.

$XOM {{ '2017-07-28T13:53:34+0000' | timeago}} • Announcement

Oil giant $XOM's profit doubled in 2Q17 to $3.35Bil, or $0.78 per share, up 97% from $1.70Bil, or $0.41 per share during 2Q16. This increase was mainly due to the improvements in commodity prices. Revenue rose 9% YoY to $62.9Bil during the quarter.

$XOM {{ '2017-07-26T17:43:17+0000' | timeago}} • Announcement

$XOM has declared a quarterly cash dividend of $0.77 per share on its common stock. The dividend is payable on September 11, 2017, to shareholders of record as on August 14, 2017. The value of the third quarter dividend is in line with that paid in the second quarter.

$XOM {{ '2017-07-20T20:21:21+0000' | timeago}} • Announcement

$XOM legally challenges the Treasury Department’s Office of Foreign Assets Control that states he company violated U.S. sanctions against Russia in 2014. The dispute is based on the interactions $XOM had with Rosneft, Russian oil company.

$UAL {{ '2017-07-20T15:22:46+0000' | timeago}} • Announcement

Terri Fariello has been named $UAL's SVP, Government Affairs. Based in Washington, D.C., she will lead the company's federal, state and local government engagement. Fariello comes from $XOM, where she served as VP of its Washington, DC office.

$XOM {{ '2017-07-13T17:22:11+0000' | timeago}} • Announcement

$XOM's subsidiary ExxonMobil Exploration and Production Suriname, along with co-venturers Hess and Statoil, signed a production sharing contract for Block 59 with Staatsolie Maatschappij Suriname, the national oil company of Suriname. The block adds significant acreage to $XOM's operated portfolio in the Guyana-Suriname Basin.

$XOM {{ '2017-06-14T14:13:58+0000' | timeago}} • Announcement

$XOM announced positive production well test results from the Muruk 1 sidetrack 3 well in the Papua New Guinea North Highlands located about 13 miles (21 kilometers) northwest of the Hides gas field. The well successfully flowed gas at a rate of 16MM standard cubic feet per day. Oil Search began drilling the Muruk 1 well on Nov. 2, 2016.

$XOM {{ '2017-06-05T15:57:48+0000' | timeago}} • Announcement

$XOM unit, Exploration and Production Equatorial Guinea (Deepwater) Ltd., signed a production-sharing contract with the government of Equatorial Guinea for a deepwater block located 36 miles west of Malabo.

$XOM {{ '2017-05-22T16:11:50+0000' | timeago}} • Announcement

$XOM announced the mechanical completion of two new 650,000 tons per year high performance polyethylene lines at its plastics plant in Mont Belvieu, Texas. The company expects production to begin during 3Q17.

$XOM {{ '2017-05-22T11:02:42+0000' | timeago}} • Announcement

$XOM and Saudi Basic Industries Corporation (SABIC) signed an agreement to conduct a detailed study of the proposed Gulf Coast Growth Ventures project in Texas and begin planning for front-end engineering and design work. Proposed project is part of $XOM's $20Bil Growing the Gulf investment program.

$XOM {{ '2017-05-11T12:16:33+0000' | timeago}} • Announcement

$XOM said its Singapore affiliate agreed with Jurong Aromatics Corp. to buy its plant located on Jurong Island in Singapore. The company expects to complete the transaction in 2H17. Acquisition of the Jurong aromatics plant will increase $XOM's Singapore aromatics production to over 3.5MM tonnes per year, of which 1.8MM tonnes is paraxylene.

$XOM {{ '2017-04-28T15:07:24+0000' | timeago}} • Webcast

In terms of asset sale proceeds, $XOM incurred just under $700MM in gross proceeds in 1Q17 and the earnings impact on the quarter was about $230MM. The company said that about half of that gain was from upstream and half from downstream.

$XOM {{ '2017-04-28T14:31:38+0000' | timeago}} • Webcast

$XOM intends no change to its capital spending estimate despite 1Q17 was trending well below the full-year expectation. The company said it will ramp up its rig activity going through the year. The petrochemical giant has set its capital spending budget for 2017 at $22Bil, up 16% from 2016.

$XOM {{ '2017-04-28T12:30:23+0000' | timeago}} • Announcement

$XOM's upstream earnings were $2.3Bil in 1Q17, compared to a loss of $76MM in the year-ago quarter. Downstream earnings were $1.1Bil, up $210MM from 1Q16.

$XOM {{ '2017-04-28T12:27:51+0000' | timeago}} • Announcement

$XOM's results in 1Q17 were helped by positive results from the Snoek well offshore Guyana. The company confirmed a new discovery on the Stabroek Block, with more than 82 feet of high-quality, oil-bearing sandstone reservoirs.

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