NYSE:XOM

ExxonMobil to Discontinue Operations at Sakhalin-1, Make No New Investments in Russia

Retrieved on: 
Wednesday, March 2, 2022
Oil, Gas, Energy, Energy factor, Freedom, Safety, Technology, Environment, ExxonMobil, Petroleum

ExxonMobil supports the people of Ukraine as they seek to defend their freedom and determine their own future as a nation.

Key Points: 
  • ExxonMobil supports the people of Ukraine as they seek to defend their freedom and determine their own future as a nation.
  • ExxonMobil operates the Sakhalin-1 project on behalf of an international consortium of Japanese, Indian and Russian companies.
  • In response to recent events, we are beginning the process to discontinue operations and developing steps to exit the Sakhalin-1 venture.
  • The process to discontinue operations will need to be carefully managed and closely coordinated with the co-venturers in order to ensure it is executed safely.

ExxonMobil Planning Hydrogen Production, Carbon Capture and Storage at Baytown Complex

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Wednesday, March 2, 2022
Other Energy, Utilities, Oil, Gas, Alternative Energy, Energy, Environment, Packaging, Science, Engineering, Chemicals, Plastics, Manufacturing, Other Science, Energy factor, Investment, Research, Industry, Policy, Investor, Biofuel, Â, Tax, Hydrogen, Natural gas, ExxonMobil, Technology, CO2, Renewable energy, Coal

By helping to activate new markets for hydrogen and carbon capture and storage, this project can play an important part in achieving Americas lower-emissions aspirations.

Key Points: 
  • By helping to activate new markets for hydrogen and carbon capture and storage, this project can play an important part in achieving Americas lower-emissions aspirations.
  • The proposed hydrogen facility would produce up to 1 billion cubic feet per day of blue hydrogen, which is an industry term for hydrogen produced from natural gas and supported by carbon capture and storage.
  • ExxonMobil Low Carbon Solutions business was established to commercialize low-emission technologies and is focusing on carbon capture and storage, hydrogen and biofuels technologies where the company can leverage its core competencies and competitive advantages.
  • Predictable, stable, cost-effective policies are necessary to incentivize the development and scalability of a wide range of low-emission technologies, including hydrogen and carbon capture and storage.

ExxonMobil to Sell Mobil Producing Nigeria Shallow-Water Affiliate

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Friday, February 25, 2022
Oil, Gas, Energy, Annual report, Investor, Employment, Government, Risk, Twitter, Investment, Energy factor, COVID-19, Sale, Exxon, LinkedIn, View, XTO, Corporation, Technology, Form 10-K, ExxonMobil, Usan, Petroleum, Oil, Esso, Mobil

ExxonMobil has reached an agreement to sell its equity interest in Mobil Producing Nigeria Unlimited to Seplat Energy, a Nigerian independent oil and gas company, through its wholly-owned subsidiary Seplat Energy Offshore Limited.

Key Points: 
  • ExxonMobil has reached an agreement to sell its equity interest in Mobil Producing Nigeria Unlimited to Seplat Energy, a Nigerian independent oil and gas company, through its wholly-owned subsidiary Seplat Energy Offshore Limited.
  • When finalized, the sale will include the Mobil Development Nigeria and Mobil Exploration Nigeria equity ownership of Mobil Producing Nigeria Unlimited, which holds a 40% stake in four oil mining licenses, including more than 90 shallow-water and onshore platforms and 300 producing wells.
  • ExxonMobil will maintain a significant deepwater presence in Nigeria, including interests in the Erha, Usan and Bonga developments via Esso Exploration and Production Nigeria Limited and Esso Exploration and Production Nigeria (Deepwater) Limited.
  • Exxon Mobil Corporation has numerous affiliates, many with names that include ExxonMobil, Exxon, Mobil, Esso, and XTO.

ExxonMobil to Expand Carbon Capture and Storage at LaBarge, Wyoming, Facility

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Friday, February 25, 2022
Oil, Gas, Energy, Investor, Hydrogen, Natural gas, Helium, CO2, Energy factor, Magnetic resonance imaging, Tax, Semiconductor, Industry, Biofuel, Engineering, Technology, ExxonMobil, Research, Â, Lithium, Renewable energy, LaBarge

ExxonMobil has made a final investment decision to expand carbon capture and storage at its LaBarge, Wyoming, facility, which has captured more CO2 than any other facility in the world to date.

Key Points: 
  • ExxonMobil has made a final investment decision to expand carbon capture and storage at its LaBarge, Wyoming, facility, which has captured more CO2 than any other facility in the world to date.
  • Carbon capture and storage is a readily available technology that can play a critical role in helping society reduce greenhouse gas emissions, said Joe Blommaert, president of ExxonMobil Low Carbon Solutions.
  • By expanding carbon capture and storage at LaBarge, we can reduce emissions from our operations and continue to demonstrate the large-scale capability for carbon capture and storage to address emissions from vital sectors of the global economy, including industrial manufacturing.
  • To learn more, visit exxonmobil.com , the Energy Factor and Carbon capture and storage | ExxonMobil .

ExxonMobil Makes First Commercial Sale of Certified Circular Polymers

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Thursday, February 24, 2022
Packaging, Chemicals, Plastics, Environment, Oil, Gas, Manufacturing, Energy, Carbon, Recycling, Berry Global, Investor, Growth, ISCC, ExxonMobil, Energy factor, Tax, Industry, Sale, Business, Plastic, Polymer, Technology, International Sustainability Alliance, Goal, Research

ExxonMobil has completed its first commercial sale of certified circular polymers, using its Exxtend technology for advanced recycling of plastic waste.

Key Points: 
  • ExxonMobil has completed its first commercial sale of certified circular polymers, using its Exxtend technology for advanced recycling of plastic waste.
  • Our Exxtend technology helps us meet the growing demand for certified circular polymers, particularly in food contact applications where plastic products provide key sustainability benefits.
  • Product quality and performance of the certified circular polymers are identical to polymers produced from virgin raw materials, increasing the variety and number of customer applications.
  • The initial sale of certified circular polymers is based on plastic waste processed at ExxonMobils advanced recycling facility at its integrated site in Baytown, Texas.

ExxonMobil and Papua New Guinea Sign P’nyang Gas Agreement

Retrieved on: 
Tuesday, February 22, 2022
Construction & Property, Urban Planning, Chemicals, Plastics, Utilities, Oil, Gas, Manufacturing, Energy, Mining, Minerals, Natural Resources, Annual report, Investor, Government, Partnership, Risk, Energy factor, Form 10-K, Â, Subsidiaries and affiliates of Total SE, Travel, Oil, Esso, Independent, PNG, Technology, ExxonMobil, State, SEC, Natural gas, Renewable energy, LNG, COVID-19

ExxonMobil subsidiary Esso PNG Pnyang Limited, Ampolex Limited, and the Independent State of Papua New Guinea have signed the Pnyang project gas agreement for the proposed development of the Pnyang LNG project.

Key Points: 
  • ExxonMobil subsidiary Esso PNG Pnyang Limited, Ampolex Limited, and the Independent State of Papua New Guinea have signed the Pnyang project gas agreement for the proposed development of the Pnyang LNG project.
  • The Pnyang project gas agreement marks a significant milestone and underscores the intent of all stakeholders to set a clear framework toward the Pnyang projects future development.
  • The Pnyang development in Western Province is proposed to commence following the Papua LNG project, which will be located in Gulf Province.
  • The phased approach to gas development would support ongoing economic growth in Papua New Guinea.