ExxonMobil | Egypt Oil & Gas - Part 2

ExxonMobil Secures Exploration Acreage Offshore Egypt

ExxonMobil announced that it has secured exploration rights to two blocks, Masry and Cairo, offshore Egypt. The blocks are located in the outer Nile Delta and cover more than 11,000 square kilometers.

ExxonMobil’s Corporate Plan to Potentially Double Earnings, Cash Flow, Increase Efforts in Lower-Emissions

ExxonMobil declared its next five-year corporate plan, with a significant increase in investments aimed at emission reductions and accretive lower-emission initiatives, including its Low Carbon Solutions business. ...

ExxonMobil Doubles Polypropylene Production at Baton Rouge

ExxonMobil reported that its brand-new polypropylene manufacturing unit at the Polyolefins Plant in Baton Rouge, Louisiana, had successfully launched.

ExxonMobil Egypt, Misr El Kheir Celebrate Four Teams Graduating from the Energy, Environment Social Challenge

Egypt and Misr El Kheir Foundation (MEK) celebrated the graduation of four finalist teams in the Energy and Environment Social Challenge as part of ExxonMobil Egypt’s community investment focusing on youth develop ...

ExxonMobil, MHI Form CCS Technology Alliance

Together with Mitsubishi Heavy Industries (MHI), ExxonMobil is offering industrial customers an end-to-end carbon capture and storage (CCS) solution that incorporates MHI's top CO2 capture technology.

ExxonMobil, Pertamina Ink Agreement to Advance Regional CCS Project in Indonesia

At the G20 Summit in Bali, ExxonMobil and Pertamina, Indonesia's state-owned energy business, inked an agreement to advance its previously announced regional carbon capture (CCS) and storage center for domestic an ...

ExxonMobil, Partners Announce New Discovery on Angola Block 15

ExxonMobil Angola, the National Agency for Petroleum, Gas and Biofuels (ANPG), and the Angola Block 15 partners declared a new discovery at the Bavuca South-1 exploration well.

ExxonMobil Appoints Jim Chapman as Tax and Treasurer Vice President,

ExxonMobil announced that Jim Chapman has been appointed vice president, Tax and Treasurer, effective November 28, 2022. Jaime Spellings, who had worked for the company for 31 years, was replaced by Chapman.

ExxonMobil Makes Profits of $19.7B for Q3 2022

Exxon Mobil Corporation reported earnings of $19.7 billion for the third quarter of 2022, or $4.68 per share assuming dilution. The third-quarter results included one-time advantages from tax and other reserve adj ...

CF Industries, ExxonMobil, EnLink Midstream to Collaborate on Landmark Emissions Reduction Project

ExxonMobil and major hydrogen and nitrogen products producer CF Industries have reached the largest-ever commercial agreement to capture and permanently store up to 2 million metric tons of CO2 emissions annually ...

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