Julia Ramps Up Ahead of Schedule in Ultra-Deepwater Walker Ridge
- Natural Gas Intelligence
Production has ramped up under budget and ahead of schedule at the ultra-deepwater Julia field in the Gulf of Mexico, with a second well scheduled to begin producing in the coming weeks, ExxonMobil
Corp. said Tuesday. The Julia field in Walker Ridge ...
Teacher selected for Mickelson ExxonMobil Teachers Academy
Coren will join 154 third- through fifth-grade teachers from across the nation from July 17-22 for the one-week, all-expenses-paid professional development opportunity, according to a news release from the Mickelson ExxonMobil
NNPC fights for oil cargoes as revenue squeeze bites
Nigeria's state oil company is in a standoff with energy giants ExxonMobil
and Royal Dutch Shell over ownership of physical crude cargoes as the West African nation seeks to shore up its creaking budget. The dispute has delayed some of the country's ...
Some big oil companies betting against global climate initiatives
Even as leaders prepare to sign the Paris climate agreement, several oil giants, including Chevron and ExxonMobil
, are looking to block shareholder proposals that deal with transparency over the business impact of global carbon emissions policies ...
ExxonMobil starts up US$4 billion Julia project
- OE DigitalExxonMobil
has started oil production at its US$4 billion Julia oil field in the Gulf of Mexico with the first production well currently online, and a second well set to start production in the coming weeks, the supermajor announced.
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Exxon Mobil Corp. (ExxonMobil) is an American multinational oil and gas corporation headquartered in Irving, Texas. It is the largest direct descendant of John D. Rockefeller's Standard Oil Company, and was formed on November 30, 1999 by the merger of Exxon (formerly Standard Oil Company of New Jersey) and Mobil (formerly the Standard Oil Company of New York).The world's 8th largest company by revenue, ExxonMobil is also the third largest publicly traded company by market capitalization. The company was ranked No. 6 globally in Forbes Global 2000 list in 2014. ExxonMobil was the second most profitable company in the Fortune 500 in 2014.ExxonMobil is the largest of the world's supermajors with daily production of 3.921 million BOE. In 2008, this was approximately 3 percent of world production, which is less than several of the largest state-owned petroleum companies. When ranked by oil and gas reserves, it is 14th in the world—with less than 1 percent of the total. ExxonMobil's reserves were 25.2 billion BOE (barrels of oil equivalent) at the end of 2013 and the 2007 rates of production were expected to last more than 14 years. With 37 oil refineries in 21 countries constituting a combined daily refining capacity of 6.3 million barrels (1,000,000 m3), ExxonMobil is the largest refiner in the world, a title that was also associated with Standard Oil since its incorporation in 1870.ExxonMobil has been criticized for its slow response to cleanup efforts after the 1989 Exxon Valdez oil spill in Alaska, widely considered to be one of the world's worst oil spills in terms of damage to the environment. ExxonMobil has a history of lobbying for climate change denial and against the idea that global warming is caused by the burning of fossil fuels. The company has also been the target of accusations of improperly dealing with human rights issues, influence on American foreign policy, and its impact on the future of nations.