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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.
Exxon Mobil Corporation (NYSE:XOM) will announce its third quarter 2020 financial results on October 30, 2020. The press release will be available at 6:30 a.m. CT via Business Wire. A conference call led by senior executives Andrew Swiger, Jack Williams, and Stephen Littleton will follow at 8:30 a.m. CT to discuss the results. Investors can access the call via a webcast or by phone. An archived replay and presentation materials will be accessible on the company's investor relations page.
Exxon Mobil Corporation (NYSE:XOM) announced the retirement of Randall Ebner, vice president and general counsel, effective November 1, 2020, after over 40 years with the company. Craig Morford, currently deputy general counsel, has been elected to succeed him. Ebner joined Exxon in 1980 and held various leadership roles, including chief attorney for ExxonMobil Chemical Company. Morford, who joined ExxonMobil in 2019, has extensive experience with the U.S. Department of Justice and served as Chief Legal and Compliance Officer for Cardinal Health.
ExxonMobil (NYSE:XOM) has made a final investment decision to develop the Payara field offshore Guyana, following government approvals. The $9 billion project aims to produce up to 220,000 barrels of oil daily, starting in 2024, and targets an estimated 600 million oil-equivalent barrels. The Stabroek Block has over 8 billion recoverable barrels identified. ExxonMobil's developments are expected to enhance local employment and investment, with over $300 million spent on local businesses since 2015.