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.
ExxonMobil announced preliminary results from its annual meeting held on May 26, 2021, where shareholders are expected to elect nine of its nominees and three from Engine No. 1. CEO Darren Woods emphasized the commitment to enhance long-term shareholder value and navigate towards a lower-carbon future. The nine re-elected directors include Woods and eight others, while Engine No. 1 nominees include Gregory Goff, Kaisa Hietala, and Alexander Karsner. The preliminary results await certification by the independent inspector of elections and will be detailed in a Form 8-K filing with the SEC.
ExxonMobil reported preliminary vote results from its annual meeting, indicating that shareholders have elected eight of its nominees and two from Engine No. 1. Five nominees are still pending results. Chairman Darren Woods highlighted positive shareholder engagement, particularly regarding low-carbon initiatives and cost reduction efforts. The board will also reconsider two approved shareholder proposals on lobbying and climate lobbying. These preliminary results remain subject to certification by the Independent Inspector of Elections.
Exxon Mobil Corporation (NYSE:XOM) reported a strong first quarter 2021 with earnings of $2.7 billion, or $0.64 per share, a significant recovery from a loss of $610 million in Q1 2020. The company’s capital expenditures were $3.1 billion, down $4 billion from the previous year. Oil-equivalent production rose to 3.8 million barrels per day, aided by higher commodity prices. Operational cash flow fully supported dividends and capital investments. However, severe winter weather in Texas impacted Q1 earnings by nearly $600 million. ExxonMobil also launched its new Low Carbon Solutions business aimed at advancing carbon capture technologies.
Exxon Mobil Corporation (NYSE:XOM) announced a cash dividend of $0.87 per share on its Common Stock, payable on June 10, 2021, to shareholders of record by May 13, 2021. This dividend remains consistent with the first quarter of 2021, reflecting the company's ongoing commitment to return value to its shareholders. ExxonMobil has a long history of sharing success with its investors, having consistently paid dividends for over 100 years.
ExxonMobil announced an oil discovery at the Uaru-2 well in the Stabroek Block, offshore Guyana, enhancing its previously estimated recoverable resources of approximately 9 billion oil-equivalent barrels. The Uaru-2 well encountered 120 feet of high-quality oil-bearing reservoirs at a water depth of 5,659 feet. With plans for at least six projects by 2027, ExxonMobil continues to invest in Guyana's economy, having spent approximately US$388 million with over 800 local companies since 2015. The anticipated start-up of the Liza Phase 2 project is on target for 2022.
ExxonMobil has released an investor presentation outlining its strategy focused on increasing earnings, maintaining dividends, reducing debt, and investing in lower-emission technologies. The company is committed to enhancing its Low Carbon Solutions business, which includes carbon capture and storage, hydrogen, and biofuels, aiming to tap into multi-trillion dollar markets by 2040. ExxonMobil reported a 52% total shareholder return over the past year, outperforming peers in terms of capital returns and dividend growth.
Exxon Mobil Corporation (NYSE:XOM) will announce its first quarter 2021 financial results on April 30, 2021, at 6:30 a.m. CT. The results will be available via a press release on www.exxonmobil.com. Following the release, a conference call hosted by Darren Woods, CEO, and Stephen Littleton, VP of Investor Relations, will take place at 8:30 a.m. CT. Investors can access the call through a webcast or by phone. An archive will be accessible post-event.
ExxonMobil and Porsche are collaborating to test advanced biofuels and renewable eFuels, aiming for consumer adoption of lower-carbon alternatives. The initial Esso Renewable Racing Fuel blend, primarily composed of advanced biofuels, is set to be tested during the 2021 Porsche Mobil 1 Supercup race series. Future iterations will include eFuels, expected to reduce greenhouse gas emissions by up to 85%. This partnership reflects both companies' commitment to sustainable energy, with ExxonMobil investing $3 billion in lower-emission solutions and Porsche investing $17.9 billion in electromobility by 2025.
ExxonMobil has filed its definitive proxy statement and a letter to shareholders, requesting support for its 12 director nominees during the 2021 annual meeting on May 26. CEO Darren Woods emphasizes the board's diverse expertise in areas crucial to ExxonMobil's future, including climate change and capital allocation. The company's strategic plans aim to increase earnings and cash flow through 2025, while also focusing on low-carbon technologies. Since 2016, seven independent directors have been added to the board, reinforcing its independence and competence.
ExxonMobil plans to enhance earnings, cash flow, and dividend sustainability while reducing debt through 2025. The CEO highlighted an investment portfolio primed for growth, targeting $16-$19 billion in capital spending for 2021 and $20-$25 billion annually until 2025. Aiming for over 30% returns on investments, ExxonMobil also focuses on carbon capture and low-carbon hydrogen technologies to support emissions reduction goals. Meeting its 2020 emission reduction targets, the company plans a 15-20% reduction in upstream greenhouse gas intensity by 2025, aligning with broader climate goals.