Wednesday, July 1, 2020

Press Release

ExxonMobil Grants to Support Women Entrepreneurs and “She Counts” Program

ExxonMobil said on Friday that it will provide about $5 million in grants to support local and global organizations dedicated to empowering women economically. The announcement, made in association with International Women’s Day and the company’s Women’s Economic Opportunity...

ExxonMobil Updates Growth Plans, Significant Additional Upside Possible

ExxonMobil on Wednesday said it has updated its growth plans and expects annual earnings potential to increase by more than 140 percent by 2025 from 2017 adjusted earnings, assuming an oil price of $60 per barrel and based on...

ExxonMobil to Increase, Accelerate Permian Output to 1 Million bpd by 2024

ExxonMobil said on Tuesday, it has revised its Permian Basin growth plans to produce more than 1 million oil-equivalent barrels per day by as early as 2024 – an increase of nearly 80 percent and a significant acceleration of...

Karen McKee appointed as President ExxonMobil Chemical Company

Exxon Mobil Corporation (NYSE:XOM) said on Friday that John Verity, president of ExxonMobil Chemical Company, has elected to retire after 38 years of Service. The board of directors appointed Karen McKee, senior vice president for basic chemicals, integration and...

ExxonMobil makes natural gas discovery offshore Cyprus

ExxonMobil on Thursday said it has made a natural gas discovery offshore Cyprus in the Eastern Mediterranean at the Glaucus-1 well. The well, located in Block 10, encountered a gas-bearing reservoir of approximately 436 feet (133 meters). The well was...

ExxonMobil adds 4.5 billion barrels to reserves

Exxon Mobil Corporation (NYSE:XOM) said on Tuesday, it added 4.5 billion oil-equivalent barrels of proved oil and gas reserves in 2018, replacing 313 percent of the year’s production. ExxonMobil's proved reserves totaled 24.3 billion oil-equivalent barrels at year-end 2018. Liquids...

ExxonMobil Employees Inspire Girls to Pursue Engineering Fields

More than 1,000 middle-school girls have joined ExxonMobil for the company’s 16th annual Introduce a Girl to Engineering Day, which aims to inspire female students to consider engineering as a career. Over several days, employees from ExxonMobil and its subsidiary...

ExxonMobil and Microsoft partners to increase Permian profitability

ExxonMobil said on Friday a new partnership with Microsoft will make its Permian Basin operations the largest-ever oil and gas acreage to use cloud technology and is expected to generate billions in net cash flow over the next decade...

Samsung Galaxy Fold – the first folding screen smartphone

On February 21, Samsung opened a new race on the phone market when it announced Galaxy Fold - a unique folding screen smartphone.  Opening the Galaxy event Unpacked 2019, Samsung surprised us by introducing almost immediately Galaxy Fold, first folding...

ExxonMobil announces Two new discoveries offshore Guyana

ExxonMobil said on Wednesday it made two additional discoveries offshore Guyana at the Tilapia-1 and Haimara-1 wells, bringing the total number of discoveries on the Stabroek Block to 12. The discoveries build on the previously announced estimated recoverable resource...

Latest News

Sacrificing role models of media

Remember Anil Datta, a gem of a reporter and guru of a sub-editor with the exemplary national spirit, foregoing...

Banks performance under SBP Rozgar Refinance Scheme supported by Government of Pakistan’s Risk Sharing Facility

On April 10, 2020 State Bank of Pakistan introduced a refinance scheme to provide concessional credit at 3% interest rate and generous repayment terms...

SBP calls meeting of Bank Presidents, top builders on Naya Pakistan Housing Program

Governor State Bank of Pakistan (SBP) Dr. Reza Baqir called a meeting of Banks on Wednesday for deliberations on the measures proposed by Naya...

China: The Indian army has breached its obligations and launched provocative attacks, causing casualties

Zhang said - in a statement this evening about the clashes between the Chinese and Indian border forces in the Galvan Valley region -...

UK’s economy suffers from epidemic – 600 thousand jobs lost due to Corona

Official figures indicate that the number of employees in the UK payroll fell more than 600,000 between March and May, according to the BBC,...