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ExxonMobil announces corporate plan – Company expects to double earnings and cash flow potential by 2027, increases investments in lower-emissions efforts IRVING, TEXAS – ExxonMobil today announced its corporate plan for the next five years, with a sizeable increase in investments aimed at emission reductions and accretive lower-emission initiatives, including its Low Carbon Solutions business. The corporate plan through 2027 maintains annual capital expenditures at $20-$25 billion, while growing lower-emissions investments to approximately $17 billion. This disciplined approach prioritizes high-return, low-cost-of-supply assets in the Upstream and Product Solutions businesses and supports efforts to reduce greenhouse gas emissions intensity from operated assets, as well as those emitted from other companies.

Newsroom News Dec. 8, 2022

ExxonMobil doubles polypropylene production at Baton Rouge

IRVING, Texas — ExxonMobil today announced the successful startup of its new polypropylene production unit at the Polyolefins Plant in Baton Rouge, Louisiana.

Newsroom News Dec. 6, 2022

ExxonMobil elects Larry Kellner and John Harris to Board of Directors

IRVING, Texas – Exxon Mobil Corporation said today that Lawrence “Larry” W. Kellner and John D. Harris II have joined its board of directors. Kellner is the former chairman and chief executive officer of Continental Airlines and current chairman of the board for the Boeing Company. Harris is the former chief executive officer of Raytheon International Inc., a wholly owned subsidiary of Raytheon Company, a global engineering and technology company focused on aviation, space and defense.

Newsroom News Dec. 2, 2022

ExxonMobil, Mitsubishi Heavy Industries form carbon capture technology alliance IRVING, Texas – ExxonMobil and Mitsubishi Heavy Industries (MHI) have joined forces to deploy MHI’s leading CO2 capture technology as part of ExxonMobil’s end-to-end carbon capture and storage (CCS) solution for industrial customers.

Newsroom News Nov. 29, 2022

Coral South project in Mozambique ships first LNG cargo, helps meet global demand 

IRVING, Texas – ExxonMobil announced the first cargo of liquefied natural gas (LNG) from the $8 billion Coral South floating LNG (FLNG) project offshore Mozambique, bringing additional LNG volumes to the global energy market.

Newsroom News Nov. 14, 2022