$XOM (Exxon Mobil Corporation)

$XOM {{ '2016-04-27T18:15:40+0000' | timeago}} • Announcement

$XOM said its BoD has declared a 2Q cash dividend of 75 cents per share on the common stock. The dividend is payable on June 10 to shareholders of record on May 13. This 2Q dividend compares with 73 cents per share paid in the 1Q16.

$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.

$XOM {{ '2017-04-28T12:25:16+0000' | timeago}} • Announcement

$XOM's oil-equivalent production was 4.2MM oil-equivalent barrels per day in 1Q17, down 4% from the prior year. Excluding entitlement effects and divestments, oil-equivalent production was down 1% from the prior year. Meanwhile, capital and exploration expenditures were $4.2Bil, down 19% from 1Q16.

$XOM {{ '2017-04-28T12:23:42+0000' | timeago}} • Infographic

$XOM Exxon Mobil Corporation Earnings AlphaGraphics: Q1 2017 highlights

$XOM {{ '2017-04-28T12:20:35+0000' | timeago}} • Announcement

Oil and gas giant $XOM posted net earnings of $4Bil in 1Q17, which more than doubled from $1.8Bil it posted a year ago, riding on improvements in commodity prices, cost management and refining operations. EPS rose to $0.95 from $0.43 in 1Q16. Revenue increased 30% to $63.2Bil, backed by new discovery and strategic acquisitions.

$XOM {{ '2017-04-26T18:17:07+0000' | timeago}} • Announcement

$XOM declared a cash dividend of $0.77 per share for the second quarter, payable on June 9, 2017 to shareholders of record at the close of business on May 12, 2017.

$XOM {{ '2017-03-30T13:37:04+0000' | timeago}} • Announcement

$XOM confirmed a new oil discovery on the Stabroek Block in Snoek well, offshore Guyana. The Snoek well, located about 5 miles southeast of the Liza-1 discovery, encountered more than 82 feet of oil-bearing sandstone reservoirs, said ExxonMobil.

$OXY {{ '2017-03-02T15:35:22+0000' | timeago}} • Announcement

$OXY has appointed Richard Jackson as VP, Investor Relations. Jackson joined $OXY in 2003 from $XOM. Meanwhile, Anthony Cottone, previously Director - Investor Relations, has been promoted to Senior Director. $OXY also announced that it will relocate its Investor Relations office from New York to Houston headquarters.

$XOM {{ '2017-02-16T14:33:58+0000' | timeago}} • Announcement

$XOM announced the expansion of its Singapore refinery to support the production of the company's EHC Group II base stocks, which will strengthen the global supply of these products and enhance the Singapore facility's competitiveness. Construction is expected to begin during 2Q17 with completion anticipated in 2019.

$WEX {{ '2017-02-13T18:02:42+0000' | timeago}} • Webcast

$WEX signed long term contract renewal with $XOM in the US and Imperial Oil in Canada in 2016. Consequently, the company said there will be increased expense in 2017 for conversion activities, sales force deployments and increased marketing activities.

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