Welcome to our dedicated page for Exxon Mobil news (Ticker: XOM), a resource for investors and traders seeking the latest updates and insights on Exxon Mobil stock.
Exxon Mobil Corporation reports developments across an integrated energy and petrochemical business organized around Upstream, Product Solutions and Low Carbon Solutions. Company updates commonly address earnings, cash flow, production, refining and product sales, chemical and lubricant markets, LNG activity, supply-chain optimization and portfolio performance across global operations.
Recurring announcements also include dividends, share repurchases, investor conference appearances, emissions-reduction plans for operated assets, CO2 pipeline and lower-emissions technology initiatives, and governance matters submitted to shareholders. The company describes itself as a large publicly traded international energy and petrochemical company serving customers in more than 180 countries.
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Exxon Mobil Corporation will announce its first quarter 2023 financial results on April 28, 2023, at 5:30 a.m. CT. Following the release, a conference call will be held at 7:30 a.m. CT, featuring remarks from CEO Darren Woods, CFO Kathy Mikells, and VP of Investor Relations Jennifer Driscoll. Investors can access the call via a webcast or by dialing in. The confirmation code to join is 9075155. An archive of the presentation and financial data will be posted at investor.exxonmobil.com.
Imperial Oil Limited (TSE: IMO, NYSE American: IMO) will host its 2023 First Quarter Earnings Call on Friday, April 28, at 9 a.m. MT. During the call, chairman and CEO Brad Corson will provide remarks before addressing questions from analysts. The earnings release will be available that morning, and the event will be accessible via webcast. Should any technical issues arise during the filing of the Form 8-K, investors can find updates on Imperial's website or on Canada's SEDAR system. As an industry leader in energy resource development, Imperial continues to emphasize its commitment to technology and innovation in refining and production.
Imperial Oil Limited (TSE: IMO, NYSE American: IMO) will host its 2023 Investor Day on April 19 at 9 a.m. EST. The event will feature presentations from chairman and CEO Brad Corson and VP of investor relations Dave Hughes, focusing on the company’s operations and business strategy. A question-and-answer session will follow. Interested parties can register for the live webcast through the company’s website, where a recording will be available for one year. Imperial is recognized as Canada’s largest petroleum refiner and a major crude oil producer, committed to high standards and innovation in developing the country’s energy resources.
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Imperial has appointed J.R. (Jon) Wetmore as the new Americas Fuels Value Chain Planning & Business Development Manager for Exxon Mobil Corporation (NYSE:XOM), effective May 1, 2023. Wetmore, previously Vice President of Downstream and Chemicals at Imperial, has a tenure noted for driving record performance across various market conditions and advancing the renewable diesel project at the Strathcona refinery in Edmonton, Alberta. His extensive industry experience spans over 29 years, including roles in the United States and Europe. A successor for Wetmore at Imperial will be announced later.
ExxonMobil has successfully completed the expansion of its Beaumont refinery, marking the largest U.S. refinery expansion since 2012. The $2 billion project boosts production capacity by 250,000 barrels per day, bringing total refinery capacity to over 630,000 barrels per day. This expansion, timed to meet increasing post-pandemic energy demands, was executed on schedule and within budget, employing more than 1,700 contractors. ExxonMobil's integrated operations in Beaumont notably enhance their strategic edge in processing Permian Basin crude oil, ensuring a robust supply of essential fuels.