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.
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.
The Board of Directors of Exxon Mobil Corporation declared a cash dividend of $0.87 per share on the Common Stock, payable on September 10, 2021. Shareholders of record will be those holding shares at the close of business on August 13, 2021. This dividend remains consistent with the second quarter of 2021 and marks over 100 years of the company sharing its success with shareholders.
ExxonMobil has announced a significant oil discovery at the Whiptail-1 well in the Stabroek Block offshore Guyana, encountering 246 feet of net pay in high-quality oil-bearing sandstone. Whiptail-2 is also underway, with 167 feet of net pay found so far. The company aims to develop at least six projects by 2027, with the Liza Destiny FPSO currently producing 120,000 barrels per day. Local economic contributions include over $388 million spent with local firms, reflecting positive local engagement and a growing workforce.
Exxon Mobil Corporation (NYSE:XOM) is set to release its second quarter 2021 financial results on July 30, 2021, at 6:30 a.m. CT. The financial data will be disseminated through a press release via Business Wire. A live conference call to review these results will be hosted by CEO Darren Woods and other executives at 8:30 a.m. CT the same day. Participants can join the call through a webcast or by phone, using confirmation code 3168506. An archive of the call and supplemental financial data will be available on the company's investor relations website.
ExxonMobil and SABIC's joint venture, Gulf Coast Growth Ventures, has achieved mechanical completion of its monoethylene glycol and polyethylene units in Corpus Christi, Texas, ahead of schedule, with startup anticipated in Q4 2021. The project has generated over 600 permanent jobs with an average salary of $90,000, alongside 6,000 construction jobs. With a projected economic output of $50 billion in six years, GCGV's operations will include a 1.8 million metric ton ethane steam cracker, producing 1,100 kilotons of monoethylene glycol and 1,300 kilotons of polyethylene annually.
Andrew Swiger, senior vice president of Exxon Mobil Corporation (NYSE:XOM), will retire on Sept. 1 after 43 years with the company. Kathryn Mikells, former CFO at Diageo, will succeed him as senior vice president and chief financial officer starting Aug. 9. Swiger's tenure included key leadership roles across various operations, enhancing ExxonMobil's production capabilities globally. Mikells brings extensive financial expertise from her previous positions at Diageo, United Airlines, and Xerox, aiming to strengthen ExxonMobil's strategies and shareholder value.
ExxonMobil has signed a Memorandum of Understanding to join the Acorn carbon capture and storage (CCS) project in Scotland. The initiative aims to capture and store 5-6 million tons of CO2 annually by 2030, contributing significantly to the UK’s goal of 10 million tons per year. The project could later expand to over 20 million tons by the mid-2030s. ExxonMobil, a leader in CCS technology, also joined NECCUS, an alliance focusing on reducing industrial carbon emissions in Scotland. The company emphasizes its commitment to addressing energy needs while reducing operational emissions.
ExxonMobil Chemical Company has finalized a $1.15 billion agreement to sell its global Santoprene™ business to Celanese. This transaction includes two major manufacturing sites located in Pensacola, Florida, and Newport, Wales, alongside associated operations and intellectual property. The sale aligns with ExxonMobil's strategy to concentrate on primary olefin derivatives. The deal is expected to close in Q4 2021, subject to regulatory approvals. Employees affected by the sale will transition to Celanese roles.
ExxonMobil announced the results of its 2021 Annual Meeting of Shareholders, confirming the composition of its board of directors. New members include Michael Angelakis, Susan Avery, and others, while Douglas Oberhelman, Sam Palmisano, and Wan Zulkiflee will depart. CEO Darren Woods expressed gratitude to departing members and emphasized the board's commitment to enhancing shareholder value and navigating the energy transition. For more details, a Form 8-K/A will be filed with the SEC and can be accessed via ExxonMobil's investor relations website.
ExxonMobil announced a significant discovery at Longtail-3 in the Stabroek Block, offshore Guyana, which encountered 230 feet (70 meters) of high-quality hydrocarbon-bearing reservoirs. This discovery, located approximately two miles south of Longtail-1, expands the resource potential in the area. The company aims to leverage its competitive advantages in ongoing exploration with two additional drillships deployed for further evaluation. Longtail-3 complements recent discoveries at Uaru-2, potentially enhancing resource estimates in Guyana.