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 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.
Imperial Oil (TSE: IMO, NYSE American: IMO) has declared a quarterly dividend of 72 cents per share for the second quarter of 2025, maintaining the same level as the first quarter. The dividend will be payable on July 1, 2025, to shareholders of record as of June 4, 2025.
As Canada's largest petroleum refiner, Imperial has an impressive track record of paying dividends for over 100 years and has increased its annual dividend payment for 30 consecutive years. The company maintains its position as a leading crude oil producer, petrochemical manufacturer, and coast-to-coast fuels marketer in Canada.
ExxonMobil (NYSE: XOM) has announced a significant agreement with Calpine to transport and permanently store up to 2 million metric tons per year of CO2 from Calpine's Baytown Energy Center near Houston. This marks ExxonMobil's sixth CCS customer, bringing their total CO2 under contract to ~16 MTA.
The project, part of Calpine's Baytown Carbon Capture and Storage (CCS) Project, will enable the production of approximately 500 megawatts of low-carbon electricity, sufficient to power over 500,000 homes, while providing steam to nearby industrial facilities. The captured CO2 will be integrated into ExxonMobil's existing CO2 pipeline system along the U.S. Gulf Coast.
The project is currently in development with engineering, permitting, and other activities underway. Final advancement remains subject to supportive government policy, customer power sales agreements, and regulatory permits.
ExxonMobil (NYSE: XOM) has announced it will release its first quarter 2025 financial results on Friday, May 2, 2025. The press release will be available at 5:30 a.m. CT through Business Wire and on the company's investor website.
A live conference call will be held at 8:30 a.m. CT, featuring Chairman and CEO Darren Woods, CFO Kathy Mikells, and VP of Investor Relations Jim Chapman. Investors can access the presentation via webcast or by calling the provided toll-free and local numbers.
Imperial Oil (TSE: IMO, NYSE American: IMO) has announced it will host its 2025 First Quarter Earnings Call on Friday, May 2, following the morning's earnings release. The event will begin at 9 a.m. MT and will be accessible via webcast.
Chairman and CEO Brad Corson, along with President John Whelan and VP of Investor Relations Peter Shaw, will lead the call. Corson will provide opening remarks before taking questions from covering analysts. The webcast recording will remain available for one year on Imperial's website.
Alternative access to the earnings information will be available through Imperial's website and Canada's SEDAR+ system if technical difficulties arise with the EDGAR filing system.
Imperial Oil (TSE: IMO, NYSE American: IMO) has announced its upcoming 2025 Investor Day, scheduled for Thursday, April 17, 2025, starting at 9 a.m. EST. The event will be hosted by key executives including Brad Corson (chairman and CEO), John Whelan (president), and Peter Shaw (vice-president, investor relations).
The presentation will feature updates on company operations and business strategy, followed by a Q&A session. The event will be accessible via webcast, with the recording remaining available for one year on Imperial's website. Imperial maintains its position as Canada's largest petroleum refiner and a major crude oil producer, with significant operations in petrochemicals and coast-to-coast fuel marketing.
ExxonMobil (NYSE: XOM) announced a significant leadership transition as Karen T. McKee, president of ExxonMobil Product Solutions Company and vice president of Exxon Mobil , will retire effective May 1, 2025 after 34 years of service.
The Board of Directors has appointed Matt Crocker as her successor, taking on the roles of president of ExxonMobil Product Solutions Company and vice president of Exxon Mobil Crocker, who currently serves as President of Global Business Solutions since 2023, joined the company in 1995 at the Fawley Refinery in the UK.
Throughout his career, Crocker has held various senior leadership positions across ExxonMobil's Low Carbon Solutions, Product Solutions, and Upstream businesses, including operational roles at Baytown, Baton Rouge, and Fawley facilities.
E3 Lithium (TSXV: ETL, OTCQX: EEMMF) has finalized rights and agreements with Imperial Oil for freehold mineral tenure for its Clearwater Project. The Project Completion Agreement dated February 28, 2025, provides E3 with a mineral lease covering 110 sections of Imperial's freehold interest.
The lease features a 10-year primary term with a renewable 10-year term. The agreement includes the cancellation of 3,413,979 warrants granted to Imperial at C$1.86 per warrant, with E3 paying C$4,150,000 in three installments over 2025's first three quarters.
Following E3's successful pilot operations in 2023, the company plans a demonstration program for 2025. This agreement strengthens E3's position in developing lithium production in Alberta and advancing the Clearwater Project, which aims to establish Alberta as a key player in the global lithium supply chain.
Imperial Oil has announced key leadership changes, with current Chairman, President, and CEO Brad Corson set to retire after 42 years of service. The board has appointed John Whelan as president effective April 1, 2025, who will then assume the role of chairman, president and CEO following the annual shareholders meeting on May 8, 2025.
Under Corson's five-year leadership, Imperial achieved record upstream production, exceptional downstream performance, and delivered significant shareholder value through share price appreciation and cash returns. The company advanced strategic initiatives including growth projects at Kearl and Cold Lake, the Strathcona renewable diesel facility, and the Low Carbon Solutions business.
Whelan, currently ExxonMobil Upstream's senior vice president, brings extensive experience from various technical, operations, and management positions across global markets. He previously served as Imperial's vice president of Upstream production and senior vice president, Upstream, leading the organization through record growth periods.