Accessed Jul. Estimated total cash flow from the divestment is around $4 billion after closing adjustments, including $2.9 billion received in the fourth quarter and estimated cash flow in future periods associated with deferred consideration of $0.3 billion and a refund of income tax payments of $0.6 billion. The acquisition includes 1.2 million acres in the North Marakia Offshore block, which is located approximately five miles offshore Egypt’s northern coast in the Herodotus basin. It combines “Income taxes” and “Total other taxes and duties” with sales‑based taxes, which are reported net in the income statement. Gross production from the Liza Phase 1 development, located in the Stabroek block, is expected to reach capacity of 120,000 gross barrels of oil per day in coming months. As a public company, ExxonMobil files reports and registration statements with the U.S. Securities and Exchange Commission (SEC). ExxonMobil secured more than 1.7 million acres for exploration offshore Egypt during the quarter. April 7, 2020. The Wall Street Journal. Accessed Jul. The agreement will focus efforts on optimizing the core technology, overall process integration and large-scale deployment of carbon capture solutions. Expected to launch in the spring of 2020, the venture will create a digital automotive maintenance ecosystem that integrates suppliers and customers of Mobil-branded lubricants and other vehicle maintenance products and services, while growing the strong Mobil lubricant brand and Mobil-branded car care network in China. These include our Annual Report on Form 10-K; Quarterly Reports on Form 10-Q; Current Reports on Form 8-K; the proxy statement and any additional soliciting material for our annual meeting of shareholders; and registration statements for offerings of securities. The org chart of ExxonMobil contains its 135 main executives including Darren Woods, Andy Swiger, Ian Carr and David Rosenthal. The acquisition will serve to bolster the company's petrochemical and refining business. . 8, 2020. It’s a role we Reuters. Review corporate performance data, learn about our business model, read about our outlook for the energy industry, meet our management committee and more. Securities and Exchange Commission. © Copyright 2003-2020 Exxon Mobil Corporation. The basic materials sector is an industry category of businesses engaged in the discovery, development, and processing of raw materials. The 8, 2020. The offers that appear in this table are from partnerships from which Investopedia receives compensation. 8, 2020. The deal demonstrates Exxon Mobil's continued push into shale oil and gas following its acquisition of XTO., Jurong Aromatics, headquartered in Singapore and founded in 2005, is a manufacturer of aromatics. Aromatics are a class of chemical compounds, including benzene, toluene, and xylene, that are used in the production of many consumer products from clothing and computers to snowboards and tennis racquets. Exxon Mobil did not disclose what it paid for Jurong, but news reports said it paid as much as $1.7 billion to beat out a number of other bidders. Energy brings mobility. Exxon Mobil Corp. (XOM), one of the world's largest oil and gas companies, traces its origins to an oil-refining business started by John D. Rockefeller, Maurice B. Clark, and Samuel Andrews in 1863 in Cleveland, Ohio. This press release includes cash flow from operations and asset sales. In 2017, Exxon Mobil purchased companies owned by the family, including BOPCO. The below chart illustrates how Exxon Mobil reports the diversity of its management and workforce. Exxon Mobil Corporation (NYSE:XOM) today announced estimated fourth quarter 2019 earnings of $5.7 billion, or $1.33 per share assuming dilution. Tinq, After 25 years, Exxon Valdez oil spill hasn't ended, 50 years of FORTUNE's list of America's largest corporations, voor de periode 1960-2000, Exxon Knew about Climate Change Almost 40 Years Ago, Wereld kijkt naar 'klimaatproces' tegen ExxonMobil,, Bedrijf genoteerd aan de New York Stock Exchange, Wikipedia:Commonscat met lokaal zelfde link als op Wikidata, Creative Commons Naamsvermelding/Gelijk delen, Verder neemt ExxonMobil voor 50% deel in de. directly or indirectly by another interest, or if the registrant includes its "Exxon Mobil buys Bass family holdings in Permian for $6.6 billion." Some of these are oil deals that add to its core franchise. ExxonMobil wordt ervan beschuldigd haar aandeelhouders niet de juiste informatie gegeven te hebben over de financiële risico's die de klimaatopwarming (en bijhorende klimaatwetgeving) betekent voor het bedrijf. 2019 Annual Report and Form 10K. share of net income of any other unconsolidated person in consolidated net References to corporate earnings mean net income attributable to ExxonMobil (U.S. GAAP) from the consolidated income statement. 8, 2020. The Porthos project intends to construct a pipeline system to collect carbon dioxide from industrial sites within the Port of Rotterdam and transport the molecules offshore for safe, secure and permanent geologic storage. Delaware. 8, 2020. Accessed Jul. ExxonMobil will discuss financial and operating results and other matters during a webcast at 8:30 a.m. Central Time on January 31, 2020. For more than 135 years, we have pioneered the science and research that enables innovative technologies, changing our industry and the world. As one of the world's largest publicly traded energy providers and chemical manufacturers, ExxonMobil develops and applies next-generation technologies to help safely and responsibly meet the world's growing needs for energy and high-quality chemical products. Exxon Mobil Corp. "Form 10-K for the fiscal year ended December 31, 2019," page 78. ExxonMobil Exploration and Production Malaysia Inc. ExxonMobil Exploration and Production Norway AS, ExxonMobil Exploration and Production Romania Limited, ExxonMobil Exploration and Production Tanzania Limited, ExxonMobil Pensions-Verwaltungsgesellschaft mbH, ExxonMobil Research and Engineering Company, Fujian Refining & Petrochemical Co. Ltd. (5), Imperial Oil (an Ontario General Partnership), Imperial Oil Resources (an Alberta limited "Exxon to buy Canada's Celtic Exploration for C$2.6 billion." ExxonMobil, Tencent, Tuhu and a distribution holding company announced a joint venture establishing an integrated car care network in China. Accessed Jul. Further information on ExxonMobil’s frequently used financial and operating measures and other terms including “Cash flow from operations and asset sales”, and “Total taxes including sales-based taxes” is contained under the heading “Frequently Used Terms” available through the “Investors” section of our website at “Growth in demand for the products that underpin our businesses remains strong. For convenience and simplicity, words such as venture, joint venture, partnership, co-venturer, and partner are used to indicate business and other relationships involving common activities and interests, and those words may not indicate precise legal relationships. The remaining 0.5 million acres are in the North East El Amriya Offshore block in the Nile Delta. This membership supports MITEI researchers as they evaluate innovative solutions to reduce carbon dioxide emissions in areas including carbon capture, energy storage, and mobility. considered in the aggregate, they would not constitute a significant We believe it is useful for investors to consider these numbers in comparing the underlying performance of our business across periods when there are significant period-to-period differences in the amount of changes in working capital. A second floating production, storage and offloading vessel (FPSO), with production capacity up to 220,000 gross barrels of oil per day, is under construction to support the Liza Phase 2 development. Further information on ExxonMobil’s frequently used financial and operating measures and other terms including “Cash flow from operations and asset sales”, and “Total taxes including sales‑based taxes” is contained under the heading “Frequently Used Terms” available through the “Investors” section of our website at