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Exxon Mobil Corp (XOM.N)

XOM.N on New York Stock Exchange

71.89USD
22 Jan 2019
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$-1.10 (-1.51%)
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Latest Key Developments (Source: Significant Developments)

Equinor to consider tie-in of gas discovery to Kristin field
Wednesday, 16 Jan 2019 

Jan 16 (Reuters) - Equinor ASA ::PLEASED TO START NEW YEAR BY ANNOUNCING A NEW DISCOVERY.TOGETHER WITH ITS PARTNERS PETORO, EXXONMOBIL AND TOTAL, PROVEN GAS AND CONDENSATE IN NORWEGIAN SEA RAGNFRID NORTH (6406/2-9 S) EXPLORATION WELL.RECOVERABLE RESOURCES ARE ESTIMATED AT 6-25 MILLION BARRELS OF OIL EQUIVALENT.EXPLORING FOR RESOURCES CLOSE TO EXISTING INFRASTRUCTURE IS A CENTRAL PART OF EQUINOR'S STRATEGY TO FURTHER DEVELOP NORWEGIAN CONTINENTAL SHELF.WE NEED THIS KIND OF DISCOVERIES IN YEARS TO COME.LICENCE PARTNERS WILL NOW EVALUATE DISCOVERY FOR DEVELOPMENT AND TIE-IN TO KRISTIN FIELD AND FURTHER MATURING OF KRISTIN SOUTH PROJECT." RAGNFRID NORTH DISCOVERY WILL INCREASE PROBABILITY OF DISCOVERY FOR OTHER PROSPECTS AND PAVE WAY FOR MORE DRILLING OPERATIONS IN THIS CENTRAL PART OF NORWEGIAN SEA.THIS IS SOMETHING WE WILL CONSIDER GOING FORWARD WHILE FURTHER ANALYSING RESULTS. NCS STILL OFFERS GREAT POTENTIAL.  Full Article

Equinor makes small gas discovery in Norwegian Sea
Wednesday, 16 Jan 2019 

Jan 16 (Reuters) - NORWAY PETROLEUM DIRECTORATE::MINOR GAS/CONDENSATE DISCOVERY NEAR THE KRISTIN FIELD IN THE NORWEGIAN SEA – 6406/2-9 S.NPD: PRELIMINARY ESTIMATES PLACE THE SIZE OF THE DISCOVERY BETWEEN ONE AND FOUR MILLION STANDARD CUBIC METRES (SM3) OF RECOVERABLE OIL.WELL NEAR KRISTIN FIELD WAS DRILLED BY EQUINOR (52 PERCENT STAKE), PETORO (27 PERCENT), EXXON (15 PERCENT) AND TOTAL (6 PERCENT).  Full Article

Exxonmobil And IBM To Advance Energy Sector Application Of Quantum Computing
Tuesday, 8 Jan 2019 

Jan 8 (Reuters) - Exxon Mobil Corp ::EXXONMOBIL AND IBM TO ADVANCE ENERGY SECTOR APPLICATION OF QUANTUM COMPUTING.  Full Article

Exxonmobil Begins Drilling Haimara-1 Exploration Well Offshore Guyana
Monday, 7 Jan 2019 

Jan 7 (Reuters) - Exxon Mobil Corp ::BEGINS DRILLING HAIMARA-1 EXPLORATION WELL OFFSHORE GUYANA.FIRST OF TWO WILDCAT WELLS TO BE DRILLED IN JANUARY.LIZA PHASE 1 DEVELOPMENT PROGRESSING TOWARD FIRST OIL PRODUCTION IN EARLY 2020.LIZA DESTINY FPSO IS EXPECTED TO SAIL FROM SINGAPORE TO ARRIVE OFFSHORE GUYANA IN Q3 OF 2019.POTENTIAL EXISTS FOR AT LEAST FIVE FPSOS ON STABROEK BLOCK PRODUCING MORE THAN 750,000 BARRELS OF OIL PER DAY BY 2025.LIZA PHASE 2 IS EXPECTED TO START UP BY MID-2022.PENDING GOVERNMENT, REGULATORY APPROVALS, PROJECT SANCTION EXPECTED Q1 2019; WILL USE SECOND FPSO DESIGNED TO PRODUCE UPTO 220,000 BARRELS/DAY.  Full Article

Exxonmobil awards Matrix service FCCU turnaround at Joliet, Il Refinery
Tuesday, 4 Dec 2018 

Dec 3 (Reuters) - Matrix Service Co ::EXXONMOBIL AWARDS MATRIX SERVICE FCCU TURNAROUND AT JOLIET, IL REFINERY.MATRIX SERVICE CO - CO'S UNIT AWARDED FLUIDIZED CATALYTIC CRACKING UNIT TURNAROUND PROJECT BY EXXON MOBIL.  Full Article

Exxon Mobil Declares Q4 Dividend Of $0.82 Per Share
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - Exxon Mobil Corp ::ORATION DECLARES FOURTH QUARTER DIVIDEND.SETS QUARTERLY CASH DIVIDEND OF $0.82PER SHARE.SETS QUARTERLY CASH DIVIDEND OF $0.82PER SHARE.  Full Article

ExxonMobil Starts New Unit At Antwerp Refinery
Wednesday, 31 Oct 2018 

Oct 31 (Reuters) - Exxon Mobil Corp ::EXXONMOBIL STARTS NEW UNIT AT ANTWERP REFINERY TO PRODUCE HIGH-VALUE TRANSPORTATION FUELS.EXXONMOBIL - PART OF INITIATIVE TO STRENGTHEN COMPETITIVENESS OF COMPANY'S ADVANTAGED FACILITIES IN EUROPE.EXXONMOBIL - HAS STARTED OPERATIONS OF A NEW UNIT AT ITS ANTWERP REFINERY IN BELGIUM.EXXONMOBIL - ALSO CONSIDERING AN EXPANSION PROJECT AT ITS FAWLEY REFINERY IN UNITED KINGDOM.EXXONMOBIL - NEW UNIT AT ITS ANTWERP REFINERY IN BELGIUM HAS CAPACITY OF 50,000 BARREL-PER-DAY.EXXONMOBIL - EXPANSION PROJECT AT FAWLEY REFINERY TO INCREASE DOMESTIC DIESEL PRODUCTION AND REDUCE RELIANCE ON IMPORTED FUEL.  Full Article

Equinor sees UK Mariner field startup delay due weather
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - Equinor ASA ::EQUINOR CFO SAYS COMPANY SEES OIL MARKET AS "BALANCED", SUPPORTED BY GROWING DEMAND, AND EXPECTS EUROPEAN GAS PRICES TO REMAIN STRONG IN THE SHORT-TERM.EQUINOR CFO SAYS THE COMPANY KEEPS ITS GUIDANCE OF AVERAGE CAPEX SPENDING AT $11 BILLION PER YEAR FOR 2018-2020.EQUINOR CFO SAYS STRENGTHENING BALANCE SHEET BY REDUCING NET DEBT RATIO, ACQUIRING ASSETS REMAIN PRIORITY FOR THE COMPANY, NO CHANGE IN PLANS ON DIVIDEND.EQUINOR CEO SEES RISK OF OIL PRICES COMING UP, BUT ALSO SEES MORE SUPPLY COMING IN THE MEDIUM-TERM, HELPING TO BALANCE THE MARKET.EQUINOR CEO SAYS "IT'S NOT A WISE APPROACH" TO SOLVE COMPLEX ENERGY AND CLIMATE CHANGE ISSUES AT A COURT AFTER NEW YORK SUES EXXON MOBIL FOR MISLEADING INVESTORS ON CLIMATE CHANGE RISK.EQUINOR EXPECTS UK MARINER FIELD TO START IN H1 OF 2019 VERSUS END-2018 DUE TO BAD WEATHER CONDITIONS.  Full Article

TechnipFMC wins subsea contract for ExxonMobil Liza Phase 2 Project
Tuesday, 23 Oct 2018 

Oct 23 (Reuters) - TechnipFMC PLC , FTI.PA::* Awarded a contract by an affiliate of ExxonMobil Corporation for the engineering of the subsea system for the proposed Liza Phase 2 project.* The Liza Phase 2 development is located approximately 193 km (120 miles) offshore Guyana on the Stabroek Block with water depths of 1,500 m (4,900 ft) to 1,900 m (6,200 ft). ExxonMobil affiliate, Esso Exploration and Production Guyana Limited (EEPGL), is the operator. .  Full Article

Exxon Says Minimal Impact to Production at Baytown, Texas Refinery
Saturday, 20 Oct 2018 

Oct 19 (Reuters) - EXXON MOBIL CORP ::EXXON SAYS MINIMAL IMPACT TO PRODUCTION AT BAYTOWN, TEXAS REFINERY.EXXON SAYS THE EVENT IS ONGOING.  Full Article

UPDATE 1-Dutch citizens demand end to quake-hit Groningen gas production

* Output seen at 19.4 bcm this year, down from 54 bcm in 2013 (Adds quotes from court hearing)