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 (NYSE: XOM) generates frequent news and disclosures as one of the largest publicly traded international energy and petrochemical companies. Its updates cover developments across its Upstream, Product Solutions and Low Carbon Solutions businesses, as well as capital markets activity and corporate governance changes. This news page aggregates those announcements so readers can review company‑issued information in one place.
Investors and followers of XOM can find coverage of quarterly earnings releases, where ExxonMobil reports segment‑level earnings, production volumes, refining throughput, product sales, cash flow from operations, and capital expenditures. The company also issues news and related Form 8‑K filings when it provides earnings considerations documents, updates its Corporate Plan through 2030, or schedules upcoming financial results releases and conference calls.
Beyond financial results, ExxonMobil news includes items on its Corporate Plan outlook, structural cost savings, and the role of advantaged assets in the Permian Basin, Guyana, and LNG within its Upstream segment. In Product Solutions, news highlights record refinery throughput, high‑value product sales in Chemical and Specialty Products, and acquisitions that support entry into areas such as battery anode materials. Low Carbon Solutions‑related news covers carbon capture and storage projects, contracts for CO₂ volumes, and CCS‑enabled low‑carbon data center concepts.
Governance and leadership updates are also reported, such as the election of new directors to the board, committee assignments, and changes in senior executive roles disclosed via 8‑K filings. For anyone tracking XOM stock, this page offers a central view of ExxonMobil’s official press releases and regulatory news, helping users follow how the company describes its performance, strategic priorities, and lower‑emissions initiatives over time.
Imperial Oil will host its Q3 2022 Earnings Call on October 28 at 9 a.m. MT, following the earnings release that morning. Chairman and CEO Brad Corson will make opening remarks before a Q&A session with analysts. Interested parties can register for the webcast via the link provided. The call will be accessible for one year on Imperial's website. If technical issues arise, updates will be available on the company's site or on SEDAR. Imperial Oil emphasizes its role as Canada's largest petroleum refiner and commitment to high standards across its operations.
EnLink Midstream has signed a transportation service agreement (TSA) with ExxonMobil to utilize its pipeline network for carbon dioxide delivery in Louisiana. The agreement allows for an ultimate capacity of 10 million metric tonnes per year, starting with 3.2 million metric tonnes in early 2025. This project aims to support decarbonization efforts in a region emitting approximately 80 million metric tonnes of CO2 annually. Both companies see this as a vital step toward reducing emissions and meeting environmental goals.
CF Industries has partnered with ExxonMobil to capture up to 2 million metric tons of CO2 annually from its location value="LS/us.la" idsrc="xmltag.org"Louisiana facility. This project, set to start in early 2025, aims to support Louisiana's net-zero emissions goal by 2050. CF Industries will invest $200 million to build a CO2 dehydration unit. Additionally, ExxonMobil will handle the transportation and storage of CO2 in secure geological formations. This collaboration is expected to significantly contribute to the decarbonization of various industries.
Imperial has secured a long-term contract with Air Products to supply low-carbon hydrogen for its renewable diesel complex at the Strathcona refinery in Alberta. The agreement supports the construction of a hydrogen plant that will help produce over 1 billion liters of renewable diesel annually, significantly reducing greenhouse gas emissions. Air Products is investing CAD 1.6 billion to enhance its Edmonton facility, intending to supply approximately 50% of the hydrogen output for this project. The renewable diesel initiative is set to create around 600 construction jobs and is expected to reduce emissions by 3 million tonnes per year.
ExxonMobil affiliates have agreed to sell their interests in the Aera oil-production operation in California to Green Gate Resources E, LLC, a subsidiary of IKAV. The transaction comprises a share sale of Mobil California Exploration & Producing Asset Company along with an associated loading facility and pipeline system. This divestiture aligns with ExxonMobil's strategy to focus on low-cost oil and gas investments to enhance shareholder value. The sale, which is expected to close in Q4 2022, does not impact ExxonMobil's retail network in California.
Imperial has successfully finalized the sale of XTO Energy Canada to Whitecap Resources for $1.9 billion, with Imperial receiving $940 million. This transaction will result in an estimated after-tax earnings gain of around $200 million in Q3 2022. The sale aligns with Imperial's strategy to concentrate on key oil sands assets, encompassing significant acreage in the Montney and Duvernay shales. The divested assets yield approximately 140 million cubic feet of natural gas and 9,000 barrels of liquids daily, reinforcing Imperial's focus on delivering long-term shareholder value.
Imperial Oil Limited (TSE: IMO, NYSE American: IMO) has declared a quarterly dividend of 34 cents per share, payable on October 1, 2022, to shareholders of record on September 2, 2022. This dividend matches the previous quarter's amount. Imperial boasts over a century of steady growth and has increased its annual dividend for 27 consecutive years. As Canada's largest petroleum refiner, the company emphasizes innovation in responsibly developing energy resources while maintaining high business standards.
Imperial reported a strong second quarter with a net income of $2,409 million, a significant increase from $366 million in the same period last year. Cash flow from operating activities reached $2,682 million, up from $852 million in 2021. Average upstream production stood at 413,000 barrels per day, marking the highest second quarter production in over 30 years. The company returned over $2.7 billion to shareholders, including dividends and a substantial issuer bid. A strategic divestiture of XTO Energy Canada for $1.9 billion is set to enhance focus on core oil sands assets.
Exxon Mobil Corporation (NYSE:XOM) reported strong financial results for Q2 2022, with earnings of $17.9 billion, up from $5.5 billion in Q1 and benefiting from increased production and higher commodity prices. The company generated $20 billion in cash flow from operations and maintained robust capital investments totaling $9.5 billion. Exxon is advancing its lower-emission initiatives, including significant carbon capture projects, while refining throughput increased by 180,000 barrels per day. Cash flow led to $16.9 billion in free cash flow, improving the net-debt-to-capital ratio to 13%.
The Board of Directors of Exxon Mobil Corporation has declared a cash dividend of $0.88 per share on its Common Stock. This dividend, payable on September 9, 2022, is for shareholders of record at the close of business on August 12, 2022. The dividend remains consistent with the prior quarter's payment and highlights the company's commitment to returning value to shareholders, reflecting an impressive streak of increasing annual dividends for 39 consecutive years.