ExxonMobil Earns $2.7B in First Quarter 2021
IRVING, TEXAS (BUSINESS WIRE)
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Exxon Mobil Corporation today announced estimated first quarter 2021 earnings of $2.7 billion, or $0.64 per share assuming dilution, compared with a loss of $610 million in the first quarter of 2020. Results included unfavorable identified items of $31 million, or $0.01 per share assuming dilution. First quarter capital and exploration expenditures were $3.1 billion, $4 billion lower than the first quarter of 2020.
Oil-equivalent production was 3.8 million barrels per day, up 3 percent from the fourth quarter of 2020. Excluding entitlement effects, government mandates and divestments, oil-equivalent production was up 2 percent.
“The strong first quarter results reflect the benefits of higher commodity prices and our focus on structural cost reductions, while prioritizing investments in assets with a low cost of supply,” said Darren Woods, chairman and chief executive offi
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Tan Sri Wan Zulkiflee Wan Ariffin Joins ExxonMobil Board of Directors
February 2, 2021 GMT
IRVING, Texas (BUSINESS WIRE) Feb 2, 2021
Exxon Mobil Corporation (NYSE:XOM) said today that Tan Sri Wan Zulkiflee Wan Ariffin has joined its board of directors. Wan Zulkiflee served from 2015 to 2020 as president and group chief executive officer of Petronas, the national oil and gas company of Malaysia.
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In his role as president and CEO at Petronas, Wan Zulkiflee led strategic growth and efficiency initiatives, and the company’s entry into specialty chemicals. During his tenure, Petronas reported multiple years of strong results and furthered the company’s investments in lower-emission technologies.
ExxonMobil Low Carbon Solutions to bring emission reduction to market Technology
News Highlights: ExxonMobil Low Carbon Solutions to bring emission reduction to market Technology
IRVING, Texas – (BUSINESS WIRE) –ExxonMobil said it has formed a new company today to market its extensive low-carbon technology portfolio. The new company, ExxonMobil Low Carbon Solutions, will initially focus on carbon capture and storage, one of the critical technologies needed to achieve net zero emissions and the climate goals outlined in the Paris Agreement.
ExxonMobil Low Carbon Solutions is planning more than 20 new carbon capture and storage capabilities around the world to enable large-scale emissions reductions. ExxonMobil plans to invest $ 3 billion in lower-emission energy solutions through 2025. The company will be led by Joe Blommaert, who has over 30 years of industry experience with leadership roles in technology advancement, product marketing and operations. The board of director