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ExxonMobil and EV battery maker SK On sign MOU regarding U.S. produced Mobil™ Lithium

SK On seeking multiyear supply, up to 100,000 metric tons, of lithium from ExxonMobil for U.S.-based EV battery manufacturing

  • Agreement signals demand for domestically sourced MobilTM Lithium and marks a milestone in building out U.S. electric vehicle and battery supply chains.
  • Domestic lithium production contributes to energy security, supports U.S. manufacturing jobs and reduces carbon emissions.
ExxonMobil adds Air Liquide to world’s largest low-carbon hydrogen project
  • Agreement aims to advance low-carbon hydrogen market, driving toward a cleaner energy future
  • Enables transportation of low-carbon hydrogen from ExxonMobil’s facility through Air Liquide’s existing pipeline network
  • Air Liquide supplies oxygen and nitrogen needed to produce low-carbon hydrogen and ammonia
  • Final investment decision subject to supportive government policy, necessary regulatory permits
Teacher Appreciation Week 2024: Baton Rouge Alliance for Students partners with ExxonMobil Baton Rouge to celebrate teachers [We've] partnered to honor five educators from public schools in East Baton Rouge. As recipients of this honor, each educator received a monetary award of $2,000. The educators were chosen based on their demonstration of the most overall growth year over year for their students.

Real-life training to keep you safe

Key takeaways:

  • We sponsor hands-on emergency pipeline safety training for local first responders.
  • We’ve adapted the program to include training for carbon dioxide (CO2) pipeline emergencies.
  • We offer the training to first responders across our pipeline and operations footprint – helping to keep communities safe.
ExxonMobil completes acquisition of Pioneer Natural Resources SPRING, Texas – Exxon Mobil Corporation (NYSE: XOM) today announced it has closed its acquisition of Pioneer Natural Resources Company (NYSE: PXD).
ExxonMobil Guyana moves forward with sixth offshore development

SPRING, Texas – ExxonMobil has made a final investment decision for the Whiptail development offshore Guyana, after receiving the required government and regulatory approvals. Whiptail, the sixth project on the Stabroek block, is expected to add approximately 250,000 barrels of daily capacity by the end of 2027.

ExxonMobil Guyana announces new discovery
ExxonMobil starts production at third offshore Guyana project

SPRING, Texas – ExxonMobil started production today at Payara, Guyana’s third offshore oil development on the Stabroek Block, bringing total production capacity in Guyana to approximately 620,000 barrels per day.

ExxonMobil drilling first lithium well in Arkansas, aims to be a leading supplier for electric vehicles by 2030 SPRING, Texas – Exxon Mobil Corporation (NYSE: XOM) today announced plans to become a leading producer of lithium, a key component of electric vehicle (EV) batteries. Work has begun for the company’s first phase of North America lithium production in southwest Arkansas, an area known to hold significant lithium deposits. The product offer will be branded as Mobil™ Lithium, building on the rich history of deep technical partnership between Mobil and the automotive industry.
ExxonMobil completes acquisition of Denbury SPRING, Texas – Exxon Mobil Corporation (NYSE: XOM) today announced it has closed its acquisition of Denbury Inc. (NYSE: DEN) in an all-stock transaction valued at $4.9 billion, or $89.45 per share, based on ExxonMobil’s closing price on July 12, 2023. Under the terms of the agreement, Denbury shareholders will receive 0.84 shares of ExxonMobil for each Denbury share.
ExxonMobil announces merger with Pioneer Natural Resources in an all-stock transaction SPRING and IRVING, Texas – Exxon Mobil Corporation (NYSE: XOM) and Pioneer Natural Resources (NYSE: PXD) jointly announced a definitive agreement for ExxonMobil to acquire Pioneer. The merger is an all-stock transaction valued at $59.5 billion, or $253 per share, based on ExxonMobil’s closing price on October 5, 2023. Under the terms of the agreement, Pioneer shareholders will receive 2.3234 shares of ExxonMobil for each Pioneer share at closing. The implied total enterprise value of the transaction, including net debt, is approximately $64.5 billion.
ExxonMobil expands chemical production at Baytown SPRING, Texas – ExxonMobil today announced the startup of two new chemical production units at its Baytown, Texas, manufacturing facility. The $2 billion expansion is part of ExxonMobil’s long-term growth plans to deliver higher-value products from its U.S. Gulf Coast refining and chemical facilities.
ExxonMobil announces acquisition of Denbury SPRING, Texas – Exxon Mobil Corporation (NYSE: XOM) today announced it has entered into a definitive agreement to acquire Denbury Inc. (NYSE: DEN), an experienced developer of carbon capture, utilization and storage (CCS) solutions and enhanced oil recovery. The acquisition is an all-stock transaction valued at $4.9 billion, or $89.45 per share based on ExxonMobil’s closing price on July 12, 2023. Under the terms of the agreement, Denbury shareholders will receive 0.84 shares of ExxonMobil for each Denbury share.
Scaling up carbon capture and community investments in Louisiana Our contributions to the University of Louisiana at Lafayette – a total $600,000 to fund scholarships for local high school students and outreach on key energy topics – are the latest examples of ExxonMobil’s efforts to support the progress of the communities in which we work. 
ExxonMobil signs carbon capture agreement with Nucor Corporation, reaching 5 MTA milestone ExxonMobil Low Carbon Solutions’ newest carbon capture and storage agreement – with Nucor Corporation, one of North America’s largest steel producers – demonstrates our continued momentum in helping industrial customers reduce emissions.
ExxonMobil Guyana advances fifth offshore Guyana development

IRVING, Texas – ExxonMobil made a final investment decision for the Uaru development offshore Guyana after receiving required government and regulatory approvals. The company expects Uaru, the fifth project on Guyana’s offshore Stabroek block, to add approximately 250,000 barrels of daily capacity after a targeted startup in 2026.

ExxonMobil boosts fuel supply with $2 billion Beaumont refinery expansion IRVING, Texas – ExxonMobil today announced the successful startup of its Beaumont refinery expansion project, which adds 250,000 barrels per day of capacity to one of the largest refining and petrochemical complexes along the U.S. Gulf Coast. Supported by the company’s growing crude production in the Permian Basin, the largest refinery expansion in more than a decade will help meet growing demand for affordable, reliable energy.
ExxonMobil is certified as an excellent company to work in Parana

Rio de Janeiro, February 1, 2023 - ExxonMobil's Global Business Center (GBC) in Curitiba received Great Place to Work (GPTW) certification as an excellent place to work in the state of Paraná. GPTW is a global research consultancy that supports organizations to achieve the best results through a culture of trust, high performance and innovation.

ExxonMobil awards FEED for world's largest low-carbon hydrogen facility IRVING, Texas – ExxonMobil announced the next step in the development of the world’s largest low-carbon hydrogen production facility with a contract award for front-end engineering and design (FEED). A final investment decision for the project is expected by 2024, subject to stakeholder support, regulatory permitting, and market conditions.

ExxonMobil moves forward with largest renewable diesel facility in Canada

IRVING, Texas – ExxonMobil today announced its majority-owned affiliate, Imperial Oil Ltd, will invest about $560 million to move forward with construction of the largest renewable diesel facility in Canada. The project at Imperial’s Strathcona refinery is expected to produce 20,000 barrels of renewable diesel per day primarily from locally sourced feedstocks and could help reduce greenhouse gas emissions in the Canadian transportation sector by about 3 million metric tons per year, as determined in accordance with Canada’s Clean Fuel Regulation. The facility is a part of the corporation’s plans through 2027 to invest approximately $17 billion in lower-emission initiatives.
ExxonMobil supports Universidade Federal do Paraná in an initiative to promote the application of artificial intelligence for data analysis Rio de Janeiro, January 18, 2023 - ExxonMobil, a global company in the oil and gas sector, announced its support for the Federal University of Paraná (UFPR) to develop a solution, based on artificial intelligence and natural language processing, which aims to expand negotiations with customers in the areas of sales, marketing and distribution operations. The objective is for the Virtual Assistant to guide the interested parties, from the areas of fuels, lubricants and chemical products, in the decision-making process in relation to the technological and economic aspects of the products of the lines of business. 
ExxonMobil starts operations at large-scale advanced recycling facility IRVING, Texas – ExxonMobil today announced successful startup of one of the largest advanced recycling facilities in North America. The facility at the company’s integrated manufacturing complex in Baytown, Texas, uses proprietary technology to break down hard-to-recycle plastics and transform them into raw materials for new products. It is capable of processing more than 80 million pounds of plastic waste per year, supporting a circular economy for post-use plastics and helping divert plastic waste currently sent to landfills.
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.

ExxonMobil celebrates 11 years of support to Pequeno Principe Hospital Rio de Janeiro, December 2, 2022 – Over a little over a decade, ExxonMobil allocated around BRL 4.5 million to Pequeno Príncipe, the largest exclusively pediatric hospital in the country, headquartered in Curitiba. The amount donated by the company reached the philan-thropic institution via tax exemption through incentive laws such as those governing the Fund for Childhood and Adolescence (FIA) and the Culture Incentive Law.
ExxonMobil announces two new Guyana discoveries IRVING, Texas – ExxonMobil today announced two discoveries at the Sailfin-1 and Yarrow-1 wells in the Stabroek block offshore Guyana, adding to its extensive portfolio of development opportunities. ExxonMobil has made more than 30 discoveries on the block since 2015, and it has ramped up offshore development and production at a pace that far exceeds the industry average.
ExxonMobil to sell Billings refinery to Par Pacific Holdings IRVING, Texas – ExxonMobil and its affiliates have reached an agreement with Par Pacific Holdings for the sale of the Billings refinery and select midstream assets in Montana and Washington.
Landmark emissions-reduction project in Louisiana announced; CF Industries, ExxonMobil, EnLink Midstream to collaborate IRVING, Texas – CF Industries, a leading global manufacturer of hydrogen and nitrogen products, has entered into the largest-of-its-kind commercial agreement with ExxonMobil to capture and permanently store up to 2 million metric tons of CO2 emissions annually from its manufacturing complex in Louisiana. Start-up for the project is scheduled for early 2025 and supports Louisiana’s objective of net zero CO2 emissions by 2050.
ExxonMobil to sell its share of Aera Energy joint venture

IRVING, Texas – ExxonMobil affiliates have signed an agreement to sell all of ExxonMobil’s interests in the Aera oil-production operation in California to Green Gate Resources E, LLC, a subsidiary of IKAV.

ExxonMobil makes two more discoveries offshore Guyana IRVING, Texas – ExxonMobil has made two new discoveries offshore Guyana to the southeast of the Liza and Payara developments in the Stabroek block. The discoveries at Seabob and Kiru-Kiru are the sixth and seventh in Guyana this year, with the total number of discoveries in Guyana at more than 25.
ExxonMobil announces sale of interests in Montney and Duvernay Canadian assets IRVING, Texas – ExxonMobil said today that its Canadian affiliates, Imperial and ExxonMobil Canada, have entered into an agreement with Whitecap Resources Inc. for the sale of XTO Energy Canada, which is jointly owned by Imperial and ExxonMobil Canada.
ExxonMobil to sell Barnett Shale assets for $750 million IRVING, Texas – ExxonMobil said today it signed an agreement with subsidiaries of BKV Corporation for the sale of operated and non-operated Barnett Shale gas assets in Texas for $750 million with additional payments contingent on future natural gas prices.
ExxonMobil makes three new discoveries offshore Guyana, increases Stabroek resource estimate to nearly 11 billion barrels IRVING, Texas – ExxonMobil has made three new discoveries offshore Guyana and increased its estimate of the recoverable resource for the Stabroek Block to nearly 11 billion oil-equivalent barrels. 
ExxonMobil receives top certification for methane emissions management for natural gas from Permian Basin IRVING, Texas - ExxonMobil said today that approximately 200 million cubic feet per day of natural gas produced from its Permian Basin facilities at Poker Lake, New Mexico have been independently certified and received the top grade for methane emissions management. The certification from MiQ helps the company meet customer demand for energy produced with fewer emissions. ExxonMobil is the first company to achieve certification for natural gas production associated with oil.
ExxonMobil makes final investment decision on fourth Guyana offshore project IRVING, Texas – ExxonMobil has made a final investment decision for the Yellowtail development offshore Guyana after receiving government and regulatory approvals. The company’s fourth, and largest, project in the Stabroek Block is expected to produce approximately 250,000 barrels of oil per day starting in 2025.
ExxonMobil planning hydrogen production, carbon capture and storage at Baytown complex IRVING, Texas – ExxonMobil said today it is planning a hydrogen production plant and one of the world’s largest carbon capture and storage projects at its integrated refining and petrochemical site at Baytown, Texas, supporting efforts to reduce emissions from company operations and local industry.
ExxonMobil to expand carbon capture and storage at LaBarge, Wyoming, facility IRVING, Texas – ExxonMobil has made a final investment decision to expand carbon capture and storage at its LaBarge, Wyoming, facility, which has captured more CO2 than any other facility in the world to date. The expansion project will capture up to 1.2 million metric tons of CO2, in addition to the 6-7 million metric tons captured at LaBarge each year.  
ExxonMobil makes first commercial sale of certified circular polymers

IRVING, Texas – ExxonMobil has completed its first commercial sale of certified circular polymers, using its Exxtend™ technology for advanced recycling of plastic waste. The purchaser is Berry Global, a leading provider of innovative packaging and engineered products, which will use the circular polymers to manufacture containers for high-performance food-grade packaging on a mass balance approach.

ExxonMobil starts production at Guyana's second offshore development IRVING, Texas – ExxonMobil today said it started production at Guyana’s second offshore oil development on the Stabroek Block, Liza Phase 2, bringing total production capacity to more than 340,000 barrels per day in only seven years since the country’s first discovery
ExxonMobil, SABIC start operations at Gulf Coast Manufacturing Facility IRVING, Texas and RIYADH, Saudi Arabia – ExxonMobil and SABIC today announced the successful startup of Gulf Coast Growth Ventures world-scale manufacturing facility in San Patricio County, Texas.
Industry support for large-scale carbon capture and storage continues to gain momentum in Houston HOUSTON, Texas – Three additional companies have announced their support for exploring the implementation of large-scale carbon capture and storage (CCS) technology in and around the Houston industrial area. Air Liquide, BASF and Shell are joining Calpine, Chevron, Dow, ExxonMobil, INEOS, Linde, LyondellBasell, Marathon Petroleum, NRG Energy, Phillips 66 and Valero to collectively evaluate and advance emissions reduction efforts in and around the Houston industrial area. Today’s announcement increases the momentum for CCS and aligns with efforts to reduce emissions around the world. 
ExxonMobil makes two discoveries offshore Guyana IRVING, Texas – ExxonMobil today said it made two oil discoveries at Fangtooth-1 and Lau Lau-1 in the Stabroek block offshore Guyana.

Perspectives

Low-carbon hydrogen: Fueling our Baytown facilities and our net-zero ambition Today we announced an exciting initiative as part of ExxonMobil’s efforts to reduce greenhouse gas emissions from our operations in support of our net-zero 2050 ambition.
The fundamentals of fuel prices and supply We’re all hearing about high fuel prices, and some are calling on energy companies like ExxonMobil to increase production to help ease pain at the pump. We know high prices are having a real impact on families everywhere – no one wants to pay more to get themselves to work or their kids to school.
Six questions for chief environmental scientist Matt Kolesar Matt Kolesar is a 24-year veteran of ExxonMobil and has spent the past year and a half as its chief environmental scientist. Having first joined as an environmental adviser at the Baytown Olefins Plant in 1998, he’s since had a number of roles providing regulatory and technical oversight for the company’s North American and eventually global operations. Today, Matt is directly advising ExxonMobil’s leadership on environmental concerns, sustainability and lower-carbon solutions.
Hydrogen: Another chapter in ExxonMobil’s lower-emissions ambitions There’s a buzz in Baytown, Texas. The city just outside of Houston is already home to one of ExxonMobil’s largest integrated refining and chemical complexes. It’s also the site of the company’s recently announced plan to build a world-scale blue hydrogen facility.