Energy factor

ExxonMobil Starts Operations at Large-Scale Advanced Recycling Facility

Retrieved on: 
Wednesday, December 14, 2022
Oil, Gas, Sustainability, Environment, Energy, Recycling, Chemicals, Plastics, Green Technology, Manufacturing, Carbon, Maintenance, ExxonMobil, Energy factor, Plastic, Exxon, Recycling, Collection, Amcor, Government, Quality of life, Investment, Multimedia, Sealed Air, Lubricant, Mobil, Risk management, Petroleum, Esso

ExxonMobil today announced successful startup of one of the largest advanced recycling facilities in North America.

Key Points: 
  • ExxonMobil today announced successful startup of one of the largest advanced recycling facilities in North America.
  • View the full release here: https://www.businesswire.com/news/home/20221214005206/en/
    ExxonMobil successfully started operations at its large-scale advanced recycling facility in Baytown, Texas.
  • Since the start of pilot operations at Baytown last year, ExxonMobil has recycled nearly 15 million pounds of plastic waste.
  • To accelerate advanced recycling, ExxonMobil is a founding member of the Houston Recycling Collaboration, which brings government and industry together to increase access to recycling programs and expand infrastructure for mechanical and advanced recycling technologies.

ExxonMobil Announces Corporate Plan

Retrieved on: 
Thursday, December 8, 2022
Chemicals, Plastics, Energy, Manufacturing, Oil, Gas, Carbon, Permian, Maintenance, Capital, Supplement, Norris Production Solutions, ExxonMobil, Cautionary tale, API, Transport, Energy factor, Environment, Sale, Calumet Specialty Products Partners, Natural gas, Annual report, Biofuel, Nationalization, Research, LNG, Investment, Government, Quality of life, Policy, COVID-19, News, American Petroleum Institute, New Resource Bank, Safety, Risk, Frequentative, Public expenditure, Lubricant, Hydrogen, Tax, Henry Hub, Climate change, Seizure, Insurance, Renewable energy, Oil, Petroleum, IPIECA, Chemical substance, Upstream

ExxonMobil today announced its corporate plan for the next five years, with a sizeable increase in investments aimed at emission reductions and accretive lower-emission initiatives, including its Low Carbon Solutions business.

Key Points: 
  • ExxonMobil today announced its corporate plan for the next five years, with a sizeable increase in investments aimed at emission reductions and accretive lower-emission initiatives, including its Low Carbon Solutions business.
  • The corporate plan through 2027 maintains annual capital expenditures at $20-$25 billion, while growing lower-emissions investments to approximately $17 billion.
  • The corporate plan were laying out today reflects that view, and the results weve seen to date demonstrate that were on the right course.
  • By year-end 2022, ExxonMobil expects to distribute approximately $30 billion to shareholders, including $15 billion in dividends and $15 billion in share repurchases.

ExxonMobil Elects Larry Kellner and John Harris to Board of Directors

Retrieved on: 
Friday, December 2, 2022
Chemicals, Plastics, Energy, Manufacturing, Oil, Gas, Emerald, Carbon, Lubricant, Continental Airlines, ExpressJet, Continental, Safety, Quality of life, Government, Boeing, Marriott International, ExxonMobil, Energy factor, Chubb Limited, Cisco Systems, Raytheon Technologies, Retirement, Flex, Intelligence, Multimedia, Risk management, Raytheon Company, Transport, Aviation, Sabre Corporation, Airline, Management, Petroleum

Exxon Mobil Corporation said today that Lawrence Larry W. Kellner and John D. Harris II have joined its board of directors.

Key Points: 
  • Exxon Mobil Corporation said today that Lawrence Larry W. Kellner and John D. Harris II have joined its board of directors.
  • Kellner is the former chairman and chief executive officer of Continental Airlines and current chairman of the board for the Boeing Company.
  • With the election of Harris and Kellner, the board has added experienced, proven leaders who have led value-creation efforts through industry transitions.
  • The ExxonMobil board has increased to 13 directors, 12 of whom are independent.

ExxonMobil, Mitsubishi Heavy Industries Form Carbon Capture Technology Alliance

Retrieved on: 
Wednesday, November 30, 2022
KM, Engineering, Lubricant, Partnership, Mitsubishi Heavy Industries, Transport, CCS, Energy factor, ExxonMobil, Nitrogen, Kansai Electric Power Company, Utilization, KEPCO, Ecosystem, CO2, Quality of life, Investment, MHI, Petroleum, Renewable energy

TOKYO, Nov 30, 2022 - (JCN Newswire) - ExxonMobil and Mitsubishi Heavy Industries (MHI) have joined forces to deploy MHI's leading CO2 capture technology as part of ExxonMobil's end-to-end carbon capture and storage (CCS) solution for industrial customers.

Key Points: 
  • TOKYO, Nov 30, 2022 - (JCN Newswire) - ExxonMobil and Mitsubishi Heavy Industries (MHI) have joined forces to deploy MHI's leading CO2 capture technology as part of ExxonMobil's end-to-end carbon capture and storage (CCS) solution for industrial customers.
  • "Adding Mitsubishi Heavy Industries' leading carbon capture technology to ExxonMobil's transportation and storage capabilities enables this compelling offering."
  • Mitsubishi Heavy Industries is the world's largest licensor of post-combustion CO2 capture technology and has been developing it for more than three decades.
  • We look forward to partnering with ExxonMobil to continue advancing carbon capture technologies to provide essential carbon neutrality solutions for various industries."

Coral South Project in Mozambique Ships First LNG Cargo, Helps Meet Global Demand

Retrieved on: 
Thursday, November 24, 2022
Chemicals, Plastics, Energy, Manufacturing, Oil, Gas, Carbon, MRV, ENH, Energy factor, Natural gas, Quality of life, FLNG, Maintenance, Lubricant, CNPC, Government, Coral, Form 10-K, ExxonMobil, Petroleum, KOGAS, LNG

ExxonMobil announced the first cargo of liquefied natural gas (LNG) from the $8 billion Coral South floating LNG (FLNG) project offshore Mozambique, bringing additional LNG volumes to the global energy market.

Key Points: 
  • ExxonMobil announced the first cargo of liquefied natural gas (LNG) from the $8 billion Coral South floating LNG (FLNG) project offshore Mozambique, bringing additional LNG volumes to the global energy market.
  • The Coral South project will bring significant long-term economic value to the people of Mozambique, said Peter Clarke, head of ExxonMobils LNG business.
  • Mozambique is joining the ranks of global LNG producers and contributing to global LNG supplies at a time when the world needs it most.
  • The company plans to nearly double its LNG offerings by 2030 as low-cost, capital-efficient projects like Coral South come online.

Mobil 1 introduces Triple Action Formula and Triple Action Formula+ to enhance motor performance, protection, and cleanliness

Retrieved on: 
Tuesday, November 8, 2022
Energy, Performance & Special Interest, Automotive, Oil, Gas, Carbon, Energy factor, Triple Action, Solution, Mobil 1, ExxonMobil, Mobil, Lubricant, Quality of life, Technology, Time, Gasoline, Renewable energy, Petroleum, Facebook

Mobil 1 recently announced that its new and improved motor oil formulation was hitting the market, offering its unique Triple Action Formula and Triple Action Formula+.

Key Points: 
  • Mobil 1 recently announced that its new and improved motor oil formulation was hitting the market, offering its unique Triple Action Formula and Triple Action Formula+.
  • Triple Action Formula comprises three essential benefits for consumers:
    The formulation will continue to allow consumers to go 10,000 miles between oil changes with guaranteed protection.
  • Triple Action Formula+ also helps drivers go even further between oil changes, with guaranteed protection for 20,000 miles.
  • Mobil 1 motor oil is designed to help protect critical engine parts, maximize engine performance, and extend engine life.

ExxonMobil Appoints Jim Chapman, Vice President, Tax and Treasurer; Jaime Spellings to Retire

Retrieved on: 
Friday, November 4, 2022
Finance, Oil, Gas, Energy, Professional Services, Other Energy, Auburn University, Energy factor, Orthography, History, Dominion, Lehman Brothers, Ernst & Young, University, Tax, Exxon, Dominion Energy, Business, ExxonMobil, Moses Austin, Economics, Technology, Barclays Investment Bank, Management

ExxonMobil said today that Jim Chapman has been appointed vice president, Tax and Treasurer, effective November 28, 2022.

Key Points: 
  • ExxonMobil said today that Jim Chapman has been appointed vice president, Tax and Treasurer, effective November 28, 2022.
  • Chapman replaces Jaime Spellings, who has elected to retire after 31 years of service with the company.
  • Chapman joins ExxonMobil from Dominion Energy, Inc. where he served as executive vice president and chief financial officer since 2018.
  • Spellings was appointed general tax counsel in 2010 and was elected vice president of Tax and Treasurers in 2020.

ExxonMobil Announces Two New Guyana Discoveries

Retrieved on: 
Wednesday, October 26, 2022
Oil, Gas, Energy, Carbon, Quality of life, SEC, Government, Investor, Solution, Form 10-K, Annual report, Stabroek, Investment, ExxonMobil, Energy factor, Uaru, Industry, Water, Lubricant, Risk, Petroleum, Oil, Payara

ExxonMobil today announced two discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore Guyana, adding to its extensive portfolio of development opportunities.

Key Points: 
  • ExxonMobil today announced two discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore Guyana, adding to its extensive portfolio of development opportunities.
  • ExxonMobil has made more than 30 discoveries on the block since 2015, and it has ramped up offshore development and production at a pace that far exceeds the industry average.
  • ExxonMobil affiliate Esso Exploration and Production Guyana Limited is the operator and holds 45% interest in the block.
  • Hess Guyana Exploration Ltd. holds 30% interest, and CNOOC Petroleum Guyana Limited holds 25% interest.

ExxonMobil to Sell Billings Refinery to Par Pacific Holdings

Retrieved on: 
Thursday, October 20, 2022
Oil, Gas, Energy, Carbon, Quality of life, Sale, Par Pacific Holdings, Silvertip, Investor, Solution, Billings, Montana, ExxonMobil, Energy factor, Lubricant, Government, Mobil, Compliance, Petroleum, Bank, Yellowstone National Park

ExxonMobil and its affiliates have reached an agreement with Par Pacific Holdings for the sale of the Billings refinery and select midstream assets in Montana and Washington.

Key Points: 
  • ExxonMobil and its affiliates have reached an agreement with Par Pacific Holdings for the sale of the Billings refinery and select midstream assets in Montana and Washington.
  • ExxonMobil is focused on investing in facilities where we can manufacture higher-value products such as lubricants and chemicals, said Karen McKee, president of ExxonMobil Product Solutions.
  • We have proudly operated the Billings refinery since 1949 and we thank our more than 300 talented employees for their dedicated service.
  • ExxonMobil will work with Par Pacific to carefully manage the transition with dedicated teams assigned to maintain customer, vendor, personnel, community relations and environmental protection, subject to applicable law.

Landmark Emissions-Reduction Project in Louisiana Announced; CF Industries, ExxonMobil, EnLink Midstream to Collaborate

Retrieved on: 
Wednesday, October 12, 2022
Oil, Gas, Energy, Carbon, Permian, Quality of life, Electric Bond and Share Company v. Securities and Exchange Commission, Report, Investor relations, Government, Transport, Investor, Natural gas, Ammonia, Solution, LLC, Annual report, Security (finance), CF Industries, Investment, Gulf Coast of the United States, Technology, Secretary of State of Louisiana, ExxonMobil, Form 10-K, Company, Energy factor, Industry, Nitrogen, Lubricant, NGL, Climate, Steel, Partnership, United Kingdom, Hydrogen, Atmosphere, Dehydration, CO2, Risk, Coal, Petroleum, Oil, Renewable energy, Mississippi River

As part of the project, ExxonMobil has signed an agreement with EnLink Midstream to use EnLinks transportation network to deliver CO2 to permanent geologic storage.

Key Points: 
  • As part of the project, ExxonMobil has signed an agreement with EnLink Midstream to use EnLinks transportation network to deliver CO2 to permanent geologic storage.
  • As we leverage proven carbon capture and sequestration technology, CF Industries will be first-to-market with a significant volume of blue ammonia.
  • This landmark project represents large-scale, real-world progress on the journey to decarbonize the global economy, said Dan Ammann, president of ExxonMobil Low Carbon Solutions.
  • EnLink has a system of over 4,000 miles of pipeline already in the ground in Louisiana, said Jesse Arenivas, Chief Executive Officer of EnLink.