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 Limited (TSE: IMO, NYSE American: IMO) has announced its 2021 Third Quarter Earnings Call, scheduled for October 29 at 9 a.m. MT. CEO Brad Corson will provide brief remarks before addressing analyst questions. This call follows the company's earnings release earlier that morning, allowing investors to gauge Imperial's financial performance.
Imperial remains a leader in Canada's energy sector, focusing on innovation and technology in petroleum refining, crude oil production, and petrochemicals.
ExxonMobil plans to establish a large-scale advanced recycling facility in
ExxonMobil has increased its estimate of recoverable resources for the Stabroek Block offshore Guyana to about 10 billion oil-equivalent barrels. The latest addition comes from the new Cataback-1 well, which encountered 243 feet of net pay in high-quality reservoirs. This brings the total significant discoveries in the block to over 20. The company has contributed over $480 million to the Guyanese economy and employs more than 2,850 locals in its projects. ExxonMobil operates the block with a 45% interest alongside Hess and CNOOC.
ExxonMobil has signed an Expression of Interest to enhance its participation in the Acorn carbon capture and storage project in Scotland, capturing CO2 emissions from its Fife Ethylene Plant. This follows a prior agreement for emissions from St Fergus gas terminals. The Acorn project aims to capture and store 10 million metric tons of CO2 annually by 2030, potentially rising to 20 million by the mid-2030s. Recent infrastructure upgrades at Fife improve emissions reductions, aligning with the company's commitment to low-carbon solutions.
ExxonMobil has made significant discoveries in the Stabroek Block offshore Guyana, adding to its recoverable resource estimate of approximately 9 billion oil equivalent barrels. The Pinktail well encountered 220 feet of high-quality hydrocarbon-bearing sandstone, while the Turbot-2 well revealed 43 feet of additional net pay. The Liza Unity FPSO vessel, set to begin production in early 2022, has a capacity of 220,000 barrels per day. ExxonMobil aims to have at least six projects operational by 2027, enhancing its resource base and value for shareholders.
ExxonMobil has initiated the certification process for natural gas at its Poker Lake facility in New Mexico, becoming the company’s first site for such certification. This process will adhere to stringent criteria set by the independent validator MiQ, aimed at validating ExxonMobil's efforts to reduce methane emissions. The certified natural gas could be available to customers by Q4 2021, as ExxonMobil seeks to enhance its operational transparency and support its clients' emissions goals while promoting a lower-carbon future.
ExxonMobil has launched its Renewable Diesel process technology (EMRD) aimed at converting renewable feedstocks like vegetable oils and animal fats into renewable diesel. This two-stage process enhances yield and control compared to traditional methods, meeting advanced cold-flow specifications. The technology also holds potential for jet fuel production. Enhanced efficiency is demonstrated through the use of the BIDW™ dewaxing catalyst, showcasing superior performance in various conditions. ExxonMobil is also exploring advanced solutions for tailoring jet fuel and diesel production, catering to growing market demands.
Imperial plans to construct a renewable diesel facility at its Strathcona refinery in Alberta, capable of producing 20,000 barrels (3 million liters) of renewable diesel daily by 2024. This project aims to cut annual CO2 emissions by 3 million tonnes, equivalent to removing 650,000 vehicles from the roads. The Government of British Columbia supports this initiative under low-carbon fuel legislation, potentially creating 600 direct jobs. The facility will utilize blue hydrogen in its production process, aligning with Canada's efforts to achieve net-zero emissions by 2050.
ExxonMobil's affiliate, Imperial Oil Ltd., is advancing plans to produce renewable diesel at its Strathcona refinery in Edmonton, Canada. The facility aims to generate 20,000 barrels of renewable diesel daily by 2024, potentially reducing CO2 emissions by 3 million metric tons annually. The project incorporates carbon capture and storage and low-carbon hydrogen technologies, utilizing plant-based feedstock. Final investment decisions will depend on market conditions and governmental support, with construction set to create approximately 600 jobs.
Exxon Mobil Corporation (NYSE:XOM) reported second-quarter 2021 earnings of $4.7 billion, or $1.10 per share, a significant recovery from a loss of $1.1 billion in Q2 2020. Capital expenditures for the quarter were $3.8 billion, totaling $6.9 billion for the first half of 2021, in line with a lower activity plan. Oil-equivalent production decreased by 2% to 3.6 million barrels per day, while the Chemical segment achieved record earnings of $2.3 billion. The company aims for higher spending in the second half, targeting major projects in Guyana and Brazil, and is progressing in low-carbon initiatives to align with energy transition goals.