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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.
News releases
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4 min read
• April 12, 2024
ExxonMobil announces 2023 results
SPRING, Texas – February 2, 2024 – Exxon Mobil Corporation today announced fourth-quarter 2023 earnings of
$7.6 billion, or $1.91 per share assuming dilution. Fourth-quarter results included unfavorable identified items of $2.3 billion including a $2.0 billion impairment as a result of regulatory obstacles in California that have prevented production and distribution assets from coming back online. Impairments were partly offset by favorable tax and divestment-related items. Earnings excluding identified items were $10.0 billion, or $2.48 per share assuming dilution. For the full year 2023, the company reported earnings of $36.0 billion, or $8.89 per share assuming dilution.
News releases
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Feb. 2, 2024
ExxonMobil Corporate Plan more than doubles earnings potential from 2019 to 2027
SPRING, TEXAS – ExxonMobil today gave an update to its Corporate Plan through 2027, reflecting continued execution of its strategy to provide the products society needs and to lower emissions, both its own and others’.
News releases
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Dec. 6, 2023
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.
News releases
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Nov. 14, 2023
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.
News releases
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Nov. 13, 2023