ExxonMobil to be first founding member with five-year commitment Company researchers to collaborate with university students and faculty Initial focus areas to include bioscience; carbon capture, utilization and storage; water use and recycling SINGAPORE – Oct 31, 2018 –(BUSINESS WIRE)–ExxonMobil said today that it will contribute US$10 million over five years (S$14 million) to become […]
Delayed coker unit to convert heavy, higher sulfur residual oil into marine gasoil and diesel Will help meet demand for cleaner fuel oil required by the International Maritime Organization Part of initiative to strengthen competitiveness of company’s advantaged facilities in Europe SPRING, Texas – Oct 31, 2018 —(BUSINESS WIRE)–ExxonMobil said today that it has started […]
Production of ultra-low sulfur fuels to increase by about 45,000 barrels per day New unit relies on proprietary technology to remove sulfur while minimizing octane loss Additional chemical manufacturing construction, refining engineering underway SPRING, Texas – Sep 26, 2018–(BUSINESS WIRE)–ExxonMobil said today that a new unit at its integrated Beaumont, Texas facility has started operations, […]
CEO-led global initiative aims to provide practical solutions to climate change mitigation Focus areas include carbon capture and storage, methane reductions, energy efficiency As part of the initiative, ExxonMobil to invest in research and development of long-term solutions to reduce greenhouse gas emissions IRVING, Texas – Sep 20, 2018 –(BUSINESS WIRE)–ExxonMobil today said it will […]
Company is evaluating a multibillion-dollar investment in Guangdong Province Project would help meet expected chemical demand growth in China Part of company’s plans to grow manufacturing capacity in the U.S. and Asia Pacific SPRING, Texas – Sep 5, 2018 –(BUSINESS WIRE)–ExxonMobil said today that it has signed a cooperation framework agreement with the Guangdong Provincial […]
Hammerhead-1 well encounters 197 feet of high-quality, oil-bearing sandstone Discovery adds to estimated resource of more than 4 billion barrels Maximum offshore value creation through rapid development and accelerated exploration IRVING, Texas – Aug 30, 2018 –(BUSINESS WIRE)–ExxonMobil (NYSE:XOM) has made its ninth discovery offshore Guyana at the Hammerhead-1 well, marking its fifth discovery on […]
New 1.5 million ton-per-year cracker to supply company’s expanded plastics plant in Mont Belvieu Together, projects represent company’s largest chemical investment in the U.S. to date Have created thousands of jobs and will energize regional economy HOUSTON – Jul 26, 2018 –(BUSINESS WIRE)–ExxonMobil said today that operations have commenced at its new 1.5 million ton-per-year […]