Exxon News - 2006

News summaries from company press releases and from unaffiliated news agencies are provided below. The summaries are sorted by month and are further categorized as upstream news, downstream news, and business/finance news.

oilprimer.com makes no claim as to the authenticity of the information posted here, but provides it as a courtesy to our visitors. The information provided on this page was obtained from company-provided press releases and the New York Times and the Los Angeles Times, and is believed to be reliable, but we do not guarantee its accuracy. Neither the information, nor any opinion expressed, constitutes a solicitation of the purchase or sale of any stock or option or any claim of authenticity. You are encouraged to contact the relevant corporations and news agencies for the most accurate information.




January

• Upstream news:

• Downstream news:

- ExxonMobil Research and Engineering Company (EMRE) announced that Petro-Canada has selected MIDW(TM) fuels catalytic dewaxing technology for both their Montreal, Quebec and Edmonton, Alberta refineries. At Montreal, the MIDW fuels catalytic dewaxing technology will be integrated with a 30,000 barrels per day EMRE grassroots ultra low sulfur diesel hydrotreater to produce high quality diesel fuel at less than 10 ppm sulfur with excellent pour point quality. At Edmonton, the MIDW technology will be used to produce very low pour point diesel on a 15,000 barrels per day retrofit unit. This technology will provide Petro-Canada the maximum yield of diesel product and will feature the latest in EMRE's Spider Vortex(TM) reactor technology. Spider Vortex reactor internals provide the leading edge technology solution for owners who want to optimize grassroots or revamped hydroprocessing reactor performance and reliability.

- ExxonMobil Lubricant & Specialties' Port Allen Lube Oil Blend Plant has been awarded Star status in the U.S. Occupational Safety Heath Administration's (OSHA) Voluntary Protection Program. The OSHA recognition certifies that the Port Allen facility has: implemented comprehensive, successful safety and health management systems, and achieved injury/illness rates below industry's national average.

- Exxon Mobil, Royal Dutch/Shell, Chevron and Sasol say they expect to invest more than $14 million over next five to seven years in joint ventures in Qatar on obscure method to convert natural gas into clean-burning diesel fuel; Energy Minister Abdullah bin Hamad al-Attiyah, in interview, says Qatar wants to be world capital for new age of fuels.

• Business/Finance news:

- Employees at ExxonMobil's Irving, Texas Headquarters received international recognition for their contributions to wildlife habitat conservation at the Wildlife Habitat Council's (WHC) 17th Annual Symposium, Shades of Green

- The Board of Directors of Exxon Mobil Corporation (NYSE:XOM) declared a cash dividend of 32 cents per share on the Common Stock, payable on March 10, 2006, to shareholders of record of Common Stock at the close of business on February 10, 2006.

- Exxon Mobil Corporation (NYSE:XOM) announced that its board of directors has elected Samuel J. Palmisano to the board. Mr. Palmisano is chairman of the board, president and chief executive officer of IBM Corporation.

- Exxon Mobil Corporation (NYSE:XOM) announced that its board of directors has elected J. Stephen Simon a director of the corporation. He will continue to serve as a senior vice president of the corporation. With the addition of Mr. Simon, along with Samuel Palmisano of IBM (also elected to the board today), the ExxonMobil board now stands at twelve directors, ten of whom are non-employees.

- To: News Editor, The New York Times - It is rare that we read an article on the energy industry that has so disregarded the facts as your January 23 article "As Profits Soar, Companies Pay U.S. Less for Gas Rights". There is no secret as to why ExxonMobil's cash royalty payments to the Minerals Management Service (MMS) have declined between 2001 and 2005. First, natural gas production on leases subject to MMS royalty payment has declined about 40% over this period. Second, the amount of our royalties paid-in-kind (i.e., MMS takes physical possession of the gas) has increased by over 70% during this period. The NYTimes inexplicably appears to have excluded from its analysis the large volumes of gas that the government takes in-kind. Only about 30% of our U.S. gas volumes are subject to federal royalties - the remaining 70% is covered by other contracts and royalties are paid per these contracts. ExxonMobil adheres to all applicable regulations in making royalty payments to the federal government. The MMS has strict audit procedures. During the 2001-2005 time period, ExxonMobil received over 1,700 audit inquiries and similar data requests from MMS auditors (including five auditors who reside full time in our Houston location), state auditors and Indian lands auditors. Sincerely, K.P. Cohen Vice President-Public Affairs, Exxon Mobil Corporation.

- Exxon Mobil Corporation (NYSE:XOM) reported fourth quarter 2005 results. Earnings excluding special items were $10,320 million ($1.65 per share), an increase of $1,900 million from the fourth quarter of 2004. Fourth quarter net income included a special gain of $390 million from the resolution of a previously disclosed litigation issue. Including this gain, net income of $10,710 million ($1.71 per share) increased by $2,290 million.

- Exxon Mobil, aided by strong energy prices, disclosed that it had set a record for profits among American companies, reporting $36 billion in annual income. But while most companies would be proud to trumpet record profits, Exxon Mobil did everything it could to play down the news.

February

• Upstream news:

- Exxon Mobil Corporation (NYSE:XOM) announced that additions to its worldwide proved oil and gas reserves totaled 1.7 billion oil-equivalent barrels in 2005, excluding the effects of using single-day, year-end pricing. Production totaled 1.5 billion oil-equivalent barrels in 2005, with 917 million barrels of liquids and 3.7 trillion cubic feet of gas produced. The corporation replaced 112 percent of production including property sales, and 129 percent excluding property sales.

• Downstream news:

- ExxonMobil announced that S&S Cycle has named Mobil 1(R) motorcycle oil the official oil for S&S Proven Performance engines and the S&S Customer Support Center, which houses the Dealer Training & Certification Facility, in La Crosse, Wis. The announcement was made after months of rigorous testing by the product development team at S&S Cycle to ensure that Mobil 1 met the standards for maintaining the company's Proven Performance engines.

- Significant growth of diesel-powered trucks and the continued popularity of gasoline-powered light trucks and sport utility vehicles (SUVs) as "working" vehicles has created a need for engine-specific high-performance motor oils. Two new products from ExxonMobil, Mobil 1(R) Truck & SUV 5W-30 and Mobil 1 Turbo Diesel Truck 5W-40, are filling that need, and providing superior protection and extending the engine life for these hard-working trucks.

- ExxonMobil Research and Engineering Company (EMRE) announced that it has signed an agreement to license a FLEXSORB(R) SE Plus Unit for acid gas enrichment using EMRE's unique FLEXSORB(R) SE hindered amine technology in order to meet 10 vppm H2S at the absorber outlet for application at a gas plant facility in Steeprock, Canada. The FLEXSORB SE Plus technology is well suited for selective removal of H2S thereby enriching the feed to a Claus Plant Sulfur Recovery Unit (SRU).

- ExxonMobil Chemical Technology Licensing LLC (NYSE:XOM) announced that it has signed a licensing agreement with Thailand's PTT Chemical Public Company Limited, (PTTChem), for production of low-density polyethylene (LDPE) and ethylene vinyl acetate (EVA) in a 100 KTA autoclave system.

- Advanced Elastomer Systems, L.P. (AES), an affiliate of ExxonMobil Chemical (NYSE:XOM), has achieved certification to the globally accepted automotive industry quality standard ISO/TS 16949:2002. The manufacturer of Santoprene(TM) thermoplastic vulcanizates (TPVs) is the world's leading supplier of TPVs to the automotive industry.

- ExxonMobil Aviation Lubricants announced agreements with two additional European companies to distribute Exxon Aviation Oil Elite 20W-50 and the company's other aviation lubricants for aircraft piston engines. The new distributors are based in Germany and Poland, and will increase the availability of ExxonMobil's lubricants for general aviation aircraft in Europe. Piper Generalvertretung Deutschland AG, with headquarters in Calden, Germany, is now part of the ExxonMobil's distributor network in Germany. The company, also known as Piper Germany, sells aircraft and parts, and provides maintenance and repair. It also runs a charter service and flying school. Unimot Express, based in Warsaw, Poland, is now a distributor for ExxonMobil Aviation Lubricants in Poland. The company is a leading distributor of quality petroleum products, including fuels, liquid gases, oil and greases, base oils and paraffin waxes.

- Analysis of conditional agreement between Alaska and BP, ConocoPhilliops and Exxon Mobil to guild $20 billion gas pipeline from North Slope to lower 48 states by way of Canada; says significant political, environmental and regulatory hurdles must be overcome before project can begin.

- ExxonMobil announced an addition to its Mobil(R) Delvac(R) family of premium lubricants and greases -- Mobil Delvac Extended Life Coolant/Antifreeze. The new product is designed to provide exceptional corrosion protection for all cooling system metals, including aluminum, brass, cast iron, steel, solder and copper, and helps extend coolant drain intervals for any diesel-, gasoline- or natural gas-powered engine.

• Business/Finance news:

- A federal judge has granted preliminary approval of a $1.075 billion settlement between the Exxon Mobil Corporation and its service station owners, a law firm representing the owners said yesterday. The lawsuit, filed in 1991, arose out of Exxon's discount-for-cash program, in effect from 1983 to 1994, the law firm said.The service station owners had sued, claiming they had not received the promised discounts. Exxon reached an agreement on the settlement with the dealers in December. Judge Alan S. Gold, of United States District Court for the Southern District of Florida, granted the approval, according to the law firm of Stearns Weaver Miller, which represented the station owners at trial and on appeal.Nearly 11,000 class members will be mailed a notice of a hearing scheduled on April 5 for the court's consideration of final approval of the settlement, the law firm said.

- Gretchen Morgenson column on wildfall bonuses that oil executives are receiving as result of escalating profits; analysts estimate that every $1 increase in per-barrel price of oil translates into 1.5 percent hike in Exxon Mobil earnings which, in turn, relates to earnings growth and bigger paychecks; Harvard Prof Lucian Bebchuk says sharp rise has to do with Iraq war and Chinese demand, not with managers' performance.

- List of companies and items Exxon Mobil could buy if it went on shopping spree with its $36.13 billion in annual profit was published.

- Did Lee R. Raymond really manage Exxon Mobil eight times better than Clifton C. Garvin ran Exxon in the 1970's and '80's? Does the fact that Exxon Mobil now hands out real stock -- rather than options -- discourage risk-taking by the people running the world's largest company?

- ExxonMobil is working to overcome perceptions by showing middle school girls how exciting and important engineering careers can be by participating in the Introduce a Girl to Engineering Day program. The annual program, a component of National Engineers Week (eweek.org), will have ExxonMobil employees conducting presentations on engineering at schools, leading site tours and hosting interactive demonstrations for students at ExxonMobil facilities across the country.

- ExxonMobil announced that it will for the fourth consecutive year offer the popular Mobil Delvac Agricultural Scholarships program, which provides $4,000 scholarships to three students pursuing a college degree at an accredited U.S. agriculture school.

- Ben Stein column scores those who denounce oil companies for their huge profits, especially Exxon Mobil; says Exxon Mobil's executives do not reap millions from company; holds its executives pay employees decently, take care of their medical bills even in retirement and do not drain hundreds of millions of dollars out of employee pay to make themselves rich; says if Exxon Mobil executives become rich, they do it through long years of making company profitable, not through vampirizing their employees; says about 41 percent of Exxon Mobil stock is owned by retirement funds, private, public and individual retirement accounts; adds company is owned by us.

March

• Upstream news:

- Ending five years of wrangling, Exxon Mobil appeared to have reached agreement with Indonesia's state-owned oil company, Pertamina, clearing the last hurdle to developing one of the country's most promising oil deposits. Exxon Mobil and Pertamina announced in Jakarta that they had concluded a joint-operating agreement.

- Exxon Mobil Corporation (NYSE:XOM) announced that its subsidiaries Mobil Cepu Ltd. and Ampolex (Cepu) Pte. Ltd. have signed a Joint Operating Agreement (JOA) with P.T. Pertamina EP Cepu, a subsidiary of P.T. Pertamina, for the Cepu Contract Area located in East and Central Java, Indonesia. The signing of the JOA follows the execution of the Cepu Cooperation Contract in September of 2005 and enables the parties to begin the activities and make the investments required to develop the discovered resources and further explore the block during the thirty-year contract period.

- The Exxon Mobil Corporation is moving to temporarily halt production at a Venezuelan oil field amid problems in getting the state oil company to transport crude being pumped there to market, the company said. Closing the field, called La Ceiba, is the most recent in a string of setbacks for Exxon. A spokesman, Richard N. Bailey, said the company was notified by Venezuela's state-owned oil company, Petróleos de Venezuela, that it would discontinue lifting crude oil from La Ceiba. It was not immediately clear why the state oil company had decided to stop lifting oil from the site.

- Exxon Mobil Corporation (NYSE:XOM) and subsidiaries have signed agreements with Abu Dhabi National Oil Company (ADNOC) through which ExxonMobil Abu Dhabi Offshore Petroleum Company Limited (EMAD) receives a 28 percent undivided interest out of ADNOC's 88 percent interest in the Upper Zakum Oil Field. This will leave ADNOC with a 60 percent interest and Japan Oil Development Company Limited (JODCO) will continue to hold the remaining 12 percent interest. ExxonMobil was selected from an initial field of six competing companies based on demonstration of its technical capabilities. Upper Zakum is one of the world's largest oil fields, contributing significantly to Abu Dhabi's current production, and with potential for substantial production growth.

• Downstream news:

- As consumers continue to place high importance on fuel economy, the demand for hybrid and smaller gasoline-powered vehicles is on the rise. To meet the needs of these more fuel-efficient vehicles, ExxonMobil has reintroduced Mobil 1(R) 0W-20 to its Mobil 1 motor oil line. Mobil 1 0W-20 is a fully synthetic formula that helps reduce wear and extend engine life while delivering the best fuel economy within the Mobil 1 line.

- ExxonMobil has announced the expansion of its proprietary Signum Oil Analysis program for industrial facilities, heavy off-highway equipment operators and trucking fleets. The advanced, online-enabled oil analysis program is designed to help plant engineers and maintenance professionals improve equipment durability and reliability, anticipate potential failures, and reduce overall maintenance costs.

- ExxonMobil announced that its Speedpass(TM) electronic payment system has taken a new step in customer convenience. Utilizing hand held computer technology, Speedpass Instant Activation will allow customers to open a Speedpass account and use their Speedpass fob within about two minutes at Exxon and Mobil stations. The Instant Activation program is supported by a customer offer of gasoline rebates and incentives. Speedpass Instant Activation is facilitated by a hand held wireless computer which allows enrollment and activation at Exxon and Mobil retail locations or other remote sites.

• Business/Finance news:

- The ExxonMobil Foundation and the Volunteer Center of North Texas have announced the 75 local nonprofit agencies selected to participate in this year's ExxonMobil Community Summer Jobs Program. The agencies are now accepting applications from college students interested in a paid summer internship and exposure to the nonprofit sector.

- Exxon Mobil Corporation (NYSE:XOM) Chairman and CEO Rex Tillerson told analysts at the New York Stock Exchange that ExxonMobil's financial strength, technological expertise, and superior resource base allow it to meet the challenges of today's increasing demand for energy while delivering industry-leading returns. The project inventory at year-end 2005 will develop 26 billion oil-equivalent barrels net to ExxonMobil. The company expects to start up more than 20 new global projects in the next three years to produce even more energy to fuel vehicles, light and heat homes, and power businesses around the world. Investing in Profitable Opportunities Tillerson pointed out that in 2005 ExxonMobil invested a record of nearly $18 billion into the business.

- Nation's top oil executives are called before Congress again to defend their industry's recent mergers and record profits, in face of public outrage over high oil and gasoline prices; is second time in four months that oil industry faces strong criticism from both Republican and Democratic senators; most of companies represented, including Exxon Mobil, Chevron and ConocoPhillips, participated in wave of mega-mergers of late 1990's and early 2000 that created today's behemoths; Sen Arlen Specter called hearings to examine whether mergers in industry resulted in higher gasoline prices; Royal Dutch Shell president John Hofmeister says oil industry remains highly competitive despite immense size; Sen Dianne Feinstein says degree of competition and amount of market power held by oil companies following mergers raises serious questions; legislation proposed by Specter would permit government to take legal action against OPEC for fixing oil prices.

- If Rex W. Tillerson has his way, Exxon Mobil will no longer be the oil company that environmentalists love to hate, since taking over as Exxon's chairman three months ago from Lee R. Raymond, his abrasive predecessor who dismissed fears of global warming and branded environmental activists ''extremists.”

April

• Upstream news:

- Tensions build in Caracas after Venezuelan Energy Min Rafael Ramirez essentially tells Exxon that it is no longer welcome in country; statement follows Venezuelan Congress's approval of measures to give government control of 32 privately run fields and Exxon decides to sell its stake in field to Repsol of Spain rather than submit to venture controlled by Petroleos de Venezuela.

- The U.S. Department of the Interior Minerals Management Service (MMS) has selected Exxon Mobil Corporation (NYSE:XOM) to receive two of its highest honors for 2005: the Safe Operations and Accurate Reporting (SOAR) Award, and the Mineral Revenues Stewardship Award. The SOAR Award honors ExxonMobil for the company's outstanding offshore operating performance and its fiscal responsibility. The agency recognized ExxonMobil as one of the best performing companies operating on the Outer Continental Shelf for its safety and fiscal management and reporting practices.

- Exxon Mobil Corporation (NYSE:XOM) announced that its affiliate, Esso Exploration and Production Nigeria Limited (EEPNL), has started production from the world-class Erha deepwater development located approximately 60 miles (97 kilometers) offshore Nigeria in 3,900 feet (1,200 meters) of water. The development includes Erha and Erha North, a satellite development due to come onstream in the third quarter of this year. This is EEPNL's first operated production from Nigeria's deepwater Block 209. Erha production is expected to ramp up to 150,000 barrels a day by the third quarter, and Erha North will contribute another 40,000 daily barrels by year-end for a total production output of 190,000 barrels a day. Erha North will be on production within 30 months of discovery, setting a Nigeria deepwater record. Associated natural gas production from the projects will be about 300 million cubic feet a day, which will be reinjected for reservoir management. The Erha and Erha North developments consist of 32 subsea wells tied to a Floating Production Storage and Offloading (FPSO) vessel. A single-point mooring buoy, one of the world's largest, will be used for crude carrier docking and product transfer. The facilities were constructed within budget and total cost for the two developments, including facilities and drilling, is approximately $3.5 billion.

• Downstream news:

- ExxonMobil Marine Lubricants announced the creation of a Technical Help Desk to enable its customers anywhere in the world to obtain reliable answers to ship-related lubrication problems or concerns. Assistance is available Monday - Friday, 8:00 a.m. to 5:00 p.m. in each of the time zones: Americas (GMT-5), Asia Pacific (GMT+8) and Europe/Africa/Middle East (GMT+1).

- ExxonMobil announced that the number of Mobil 1(R) Lube Express-branded locations grew by 68 percent in 2005, again making Mobil 1 Lube Express one of the fastest growing quick lube offerings in the industry. The company reported 238 U.S. locations at the end of 2005 -- 48 were competitive conversions or new-to-industry operations, and 49 were previously branded Mobil or Exxon quick lube facilities.

- An Australian truck using Mobil Delvac(R) heavy duty engine oil has been recognized by the Guinness World Records(TM) as the World's Fastest Diesel-Powered Truck.

- At a ceremony held at ExxonMobil, the U.S. Environmental Protection Agency (EPA) and the U.S. Department of Energy (DOE) recognized ExxonMobil Baytown Complex with the 2006 Energy Star Combined Heat and Power (CHP) Award for the site's cogeneration facilities. Combined Heat and Power (CHP) is an efficient, clean, and reliable approach to generating power and thermal energy from a single fuel source. ExxonMobil's cogeneration facilities increase the energy efficiency at the complex's refinery, two chemical plants and research center and helps decrease the region's emissions of greenhouse gases.

- Mobil Pipe Line Company (MPLCO), an affiliate of ExxonMobil Pipeline Company, has started delivering Canadian crude to the U.S. Gulf Coast through an 858-mile crude oil pipeline that runs from Patoka, Illinois to Nederland, Texas. Deliveries to Beaumont, Texas-area refineries began in early April. A first for the U.S. Gulf Coast region and Canadian crude producers, the successful completion of the 20-inch Pipeline Reversal Project gives shippers of western Canadian crude oil direct pipeline access to U.S. Gulf Coast refining markets. It also allows MPLCO to optimize a previously under-utilized pipeline to best advantage. Canadian shippers have committed an average volume of 50,000 barrels per day for the next five years, and, in light of the high shipper interest, they anticipate that the pipeline will operate on average near its estimated capacity of 66,000 barrels per day in heavy crude service.

- Technical support at ExxonMobil Chemical's Santoprene(TM) specialty products technical center in Akron, Ohio, has been strengthened with the addition of a new vertical injection molding machine. It will be used to assist customers with insert and overmolding projects using Santoprene thermoplastic elastomers (TPEs). The new machine, with 130 tons clamping force and rotary table, was selected because it is similar to those most commonly used in industry.

- Mobil 1 lubricants are providing additional power to the Mercedes-Benz engine of the Team McLaren Mercedes MP4-21 Formula One car for the 2006 season.

- ExxonMobil Chemical will present its product portfolio and technology and service capability in Booth Number W3B03 at the ChinaPlas 2006 international exhibition for the plastics and rubber industries in Shanghai from April 26-29. The company will demonstrate how customers in a wide range of end-use markets such as packaging, automotive, personal care, consumer products and electrical are benefiting from its customized solutions to enhance product quality. The company will feature a product portfolio that includes Exceed(TM) polyethylene, Nexxstar(TM) resin formulations, Vistamaxx(TM) specialty elastomers, Exact(TM) plastomers and Santoprene(TM) specialty products.

- ExxonMobil Chemical has developed new Santoprene(TM) thermoplastic elastomer (TPE) grades which bond successfully to engineered thermoplastics (ETPs) in overmolding applications. New Santoprene(TM) TPE bonding grades eliminate the need for adhesives, bonding agents and physical or mechanical interlocks. This can reduce processing steps which can improve product development cycle times and reduce system costs.

- ExxonMobil announced that it has expanded its popular Teresstic(TM) family of turbine oils with the introduction of Teresstic M 32 HT, a high performance lubricant designed to meet the stringent performance requirements of Mitsubishi Heavy Industries (MHI) gas and steam turbines, which are used in many light- and heavy-duty industrial applications. Featuring a balanced formula of premium basestocks, additives and anti-foam agents, Teresstic M 32 HT delivers long lasting rust and corrosion protection as well as exceptional resistance to oxidation, helping to reduce the formation of sludge. In addition, Teresstic M 32 HT provides excellent protection against foam and air entrainment.

- ExxonMobil's affiliate in Japan, Tonen Chemical Corporation, announced that microporous film production capacity has been increased by more than 50 percent at the Nasu Plant to satisfy strong demand and high growth in the lithium ion battery separator market. ExxonMobil's affiliate, Tonen Chemical Corporation, commercialized and produces a thin, polyethylene-based, porous film that is used as a separator in rechargeable lithium ion batteries used in small electronics such as cell phones, laptop computers and digital cameras.

• Business/Finance news:

- More than 50 Texas students were awarded top honors for their science and engineering projects at the 2006 ExxonMobil Texas Science and Engineering Fair held March 30 - April 1, 2006 at the at the Henry B. Gonzalez Convention Center in San Antonio.

- ExxonMobil announced that it once again will sponsor the national and regional Hispanic Heritage Youth Awards (HHYA) for Engineering & Mathematics, a national search for young Hispanic leaders and role models. This year marks the company's $1 million contribution milestone to the HHYA.

- Last year's high oil prices not only helped Exxon Mobil report $36 billion in profit -- the most ever for any corporation -- they also allowed Lee R. Raymond to retire in style as chairman of Exxon Mobil. Mr. Raymond received a compensation package worth about $140 million.

- ExxonMobil announced that more than $410,000 has been donated to 19 colleges and universities in Florida through the ExxonMobil Foundation's 2005 Educational Matching Gift Program.

- ExxonMobil announced that more than $2.6 million has been donated to 95 colleges and universities in New York through the ExxonMobil Foundation's 2005 Educational Matching Gift Program.

- ExxonMobil announced that more than $642,000 has been donated to 33 colleges and universities in North Carolina through the ExxonMobil Foundation's 2005 Educational Matching Gift Program.

- ExxonMobil announced that more than $1.1 million has been donated to 29 colleges and universities in New Jersey through the ExxonMobil Foundation's 2005 Educational Matching Gift Program.

- ExxonMobil announced that more than $980,000 has been donated to 35 colleges and universities in Virginia through the ExxonMobil Foundation's 2005 Educational Matching Gift Program.

- ExxonMobil announced its donation of more than $30 million to 908 colleges and universities across the United States through ExxonMobil Foundation's 2005 Educational Matching Gift Program.

- ExxonMobil announced that more than $1.9 million has been donated to 19 colleges and universities in Louisiana through the ExxonMobil Foundation's 2005 Educational Matching Gift Program.

- ExxonMobil announced that more than $6.4 million has been donated to 74 colleges and universities in Texas through the ExxonMobil Foundation's 2005 Educational Matching Gift Program.

- For 13 years as chairman and chief executive, Lee R. Raymond propelled Exxon, the successor to John D. Rockefeller's Standard Oil Trust, to the pinnacle of the oil world. Under Mr. Raymond, the company's market value increased fourfold to $375 billion, overtaking BP as the largest oil company.

- Lee Raymond, the former chief executive of Exxon Mobil, was paid $686 million over 13 years. But that's not a reason to single him out for special excoriation. Executive compensation is out of control in corporate America as a whole.

- Exxon Mobil Corporation (NYSE:XOM) announced today that it has agreed to become a title sponsor of "Transforming Texas," a series of 13 half-hour public television programs, produced and developed by the University of Texas System.

- To the Editor: Paul Krugman called Exxon Mobil an ''enemy of the planet'' (column, April 17) because it has opposed action to limit global warming by ''trashing good science.'' But it should be noted that Exxon Mobil has made a 10-year investment of $100 million in a project led by Stanford University to develop practical technologies to address the potential long-term risk of climate change.

- ExxonMobil announced that in 2005, 12,000 employees, retirees and their families volunteered over 826,000 hours to over 5,800 charitable organizations in 22 countries through company-sponsored volunteer programs. In 2005, Exxon Mobil Corporation (NYSE:XOM) and its affiliates donated $9 million to the charitable organizations where they volunteered.

- The Board of Directors of Exxon Mobil Corporation (NYSE:XOM) declared a cash dividend of 32 cents per share on the Common Stock, payable on June 9, 2006, to shareholders of record of Common Stock at the close of business on May 12, 2006. This second quarter dividend is at the same level as the dividend paid in the first quarter of 2006.

- Exxon Mobil Corporation (NYSE:XOM) reported first quarter 2006 results. Net income of $8,400 million ($1.37 per share), increased $540 million from the first quarter of 2005. First quarter 2005 net income included a positive special item of $460 million from the sale of ExxonMobil's interest in Sinopec. Excluding this impact, first quarter 2006 earnings increased by $1,000 million.

May

• Upstream news:

- Exxon Mobil Corporation (NYSE:XOM) announced that its subsidiary, Esso Exploration and Production Nigeria Deepwater West, Ltd. (Esso), has drilled an oil discovery in Oil Prospecting License (OPL) 214, approximately 70 miles (113 kilometers) offshore Nigeria. The Uge-1 discovery well was drilled in 4,144 feet (1,263 meters) of water to a total depth of 16,831 feet (5,130 meters) and encountered more than 300 net feet (100 meters) of oil. The Uge structure is located approximately 90 miles (145 km) south-southeast of the Erha deepwater development. Studies and data analyses are under way to fully evaluate the discovery and development options for Uge. Esso is the operator of OPL 214 with a 20 percent working interest. Other working-interest owners are Chevron Nigeria Deepwater B Limited at 20 percent, Phillips Deepwater Exploration (Nigeria) Limited (a subsidiary of ConocoPhillips) at 20 percent, Oxy Nigeria Exploration & Production Limited (a subsidiary of Occidental Petroleum Corporation) at 20 percent, Nigerian Petroleum Development Company at 15 percent, Sasol Exploration and Production Nigeria Limited at 5 percent and Nigerian National Petroleum Corporation (NNPC) is the concessionaire.

• Downstream news:

- ExxonMobil Research and Engineering Company ("EMRE") and QuestAir Technologies Inc. (AIM:QAR) (TSX:QAR) announced that they have signed an agreement to jointly market a novel, large capacity hydrogen purifier as a compact solution for hydrogen recovery in the oil refining industry. QuestAir has been working with EMRE since 2003 to develop this advanced, rapid cycle pressure swing adsorption ("RCPSA") system, marketed as the H-6200, for use in oil refineries and petrochemical plants. A prototype plant test is planned at an ExxonMobil refinery beginning the second half of 2006.

- The ExxonMobil Polyolefins Plant in Baton Rouge has set a new record in industry safety. For four years straight, the plant has earned the Distinguished Safety Award from the National Petrochemical and Refiners Association (NPRA), a feat no other company has accomplished.

- Affiliates of ExxonMobil Chemical (EMC) and Mitsubishi Chemical Corporation (MCC) have agreed to terminate certain joint venture agreements for Mytex Polymers Asia Pacific Private Limited (Mytex AP) and Mytex Polymers Partnership (Mytex US), as of June 1, 2006. Under the terms of related agreements, ExxonMobil Chemical will transfer its interest in Mytex Polymers Inc. to a MCC affiliate in the United States and ExxonMobil Asia Pacific Private Limited will transfer its interest in Mytex AP to Mitsubishi Chemical Singapore PTE Ltd. Additional terms were not disclosed.

- ExxonMobil Chemical introduced a line of compounded polypropylene for the automotive industry. ExxonMobil Performance Polyolefins are available from ExxonMobil Chemical facilities in North America, Europe and Asia. Work to certify ExxonMobil Performance Polyolefin grades to various automotive specifications is currently underway. These products complement ExxonMobil Chemical's neat and impact copolymer polypropylenes to provide customers with a complete line of products for automotive interior, exterior, and under hood applications.

- Cosmetic chemists committed to improving the feel and spreadability of their products will discover at New York Society of Cosmetic Chemists (NYSCC) Suppliers' Day, May 16-17, how the innovative ExxonMobil PureSyn(TM) Cascading Emollient System can help them obtain a unique lubricity gradient in products ranging from moisturizing body lotions to night creamsMay 14, 2006-- Editorial supports call by New York State Comptroller Alan Hevesi for State Department of Environmental Conservation to delay any new consent order with Exxon Mobil until thorough and independent analysis of contamination of New York City's Newtown Creek is undertaken.

- ExxonMobil announced that it has joined the SmartWay Transport(R) Partnership, a voluntary collaboration between the U.S. Environmental Protection Agency (EPA) and the freight industry designed to increase energy efficiency while significantly reducing emissions that may result in air pollution. ExxonMobil's participation in the Carrier category will contribute to the Partnership's goal of reducing carbon dioxide, nitrogen oxide and particulate emissions by improving the environmental performance of freight operations. ExxonMobil operates a fleet of 150 company-owned tanker trucks that deliver gasoline products to many of its Exxon- and Mobil-branded service stations across the U.S.

- ExxonMobil Chemical is presenting its polymer technology capability at the sixth International Advanced Automotive Battery and Ultracapacitor Conference in Baltimore May 15-19, 2006. The company is presenting a technical paper jointly with its affiliate in Japan, Tonen Chemical Corporation, on prototype microporous film for lithium ion battery (LIB) separators that is expected to dramatically improve LIB power and safety performance in hybrid-electric vehicle (HEV) applications.

• Business/Finance news:

- ExxonMobil has awarded four Mobil 1(R) Scholarships to students at the prestigious NASCAR Technical Institute (NTI). Each student received $5,000 towards pursuing his automotive-technician career goals. NTI, the exclusive educational partner of NASCAR, is the country's first technical training school to combine a complete automotive technology program and a NASCAR-specific motorsports program.

- Exxon Mobil Corporation (NYSE:XOM) issued its 2005 Corporate Citizenship Report (CCR) covering the company's global performance in meeting world energy demand while advancing the company's environmental, social and economic programs. New additions to the 2005 report include a description of the company's approach to engagement with a variety of parties, greater discussion around future initiatives and challenges and an extensive presentation of the company's position on climate change.

- Exxon Mobil Corporation (NYSE:XOM) has pledged $250,000 to the Houston Katrina/Rita Fund Educational Initiative to provide educational and social support for the 8,000 additional students now enrolled in the Houston and Alief school districts as a result of last year's hurricanes.

- ExxonMobil must pay New Jersey for decades of polluting waterways, wetlands and wildlife around refineries the oil company owned in Bayonne and Linden, a state judge ruled on Friday. Superior Court Judge Ross Anzaldi did not put a price on how much the company would pay New Jersey.

June

• Upstream news:

- Exxon Mobil Corporation (NYSE:XOM) confirmed its subsidiary, Esso Exploration International Limited, was high bidder on Surumana block located in the Makassar Straits off the coast of Sulawesi in the latest Indonesian tender. The Oil and Gas Directorate of the Ministry of Energy and Mineral Resources announced the results of their 2005 Indonesian Exploration Tender Round on June 2. The Surumana block, which comprises 1,320k acres (5,340 square kilometers), is located in the North Makassar Basin offshore in water depths ranging from a few feet (few meters) to more than 6,562 feet (2,000 meters).

• Downstream news:

- ExxonMobil Research and Engineering Company (EMRE) announced that Reliance Petroleum Limited has selected EMRE's Sulfuric Acid Alkylation technology for the construction of the world's largest unit at their export refinery in Jamnagar, India for upgrading the gasoline pool. Unit capacity will be 83 KBD and will utilize mixed butylenes and isobutane feedstocks. The unit capacity will be achieved by employing several reactor trains which incorporate the highest capacity designs anywhere in the world.

- Continuing its long-standing tradition of being at the forefront of lubrication technology and helping drivers and fleet managers extend the life of their engines, ExxonMobil announced two significant changes to its premium line of Mobil Delvac heavy duty engine oils. To meet the American Petroleum Institute's API CJ-4 diesel engine oil specification, which encompasses the new requirements for Proposed Category 10 (PC-10), ExxonMobil will introduce a new formulation of its "Million Mile Oil," Mobil Delvac 1300 Super 15W-40, in October.

- Renault has selected ExxonMobil Exxtral(TM) BMU133 polypropylene for the front bumper fascia on its new Espace multipurpose vehicle, highlighting ExxonMobil Chemical's debut in this application segment and the appeal of its latest generation of specialty polypropylenes. Chosen by Renault and equipment manufacturer Plastic Omnium to meet both technical and aesthetic requirements, filled Exxtral BMU133 offers good fluidity (MFR 15(a)) and injectability. This enables the pressure needed in the mold cavity to be reduced. Exxtral BMU133 also produces a smooth surface appearance that is free of "tiger stripes," making it ideal for painting.

- ExxonMobil Asia Pacific Pte Ltd announced that it has awarded front-end engineering design (FEED) contracts for the derivative units associated with a possible second world-scale steam-cracking complex that would be located at its existing Singapore refining and chemical site. FEED contracts were awarded to Aker Kvaerner for a polyethylene unit; Mitsui Engineering and Shipbuilding for polypropylene and specialty elastomers units; and Foster Wheeler and WorleyParsons for an aromatics extraction unit, an oxo alcohol plant expansion and associated plant infrastructure. Mustang Engineering was awarded the contract for process control and instrumentation.

- Research to create a new material for an injection-molded tire resulted in the commercialization of Santoprene(TM) thermoplastic elastomer (TPE) 25 years ago. Today, the Santoprene product portfolio has over 300 grades that are used by thousands of customers across the globe in the automotive, food and beverage, consumer electronics, electrical, and appliance markets.

• Business/Finance news:

- When the Justice Department and the State of Alaska reached their $900 million court settlement with the Exxon Corporation over the environmental damages caused by the Exxon Valdez oil spill, they agreed that, if unforeseeable damages occurred later, federal and state governments had 15 years to ask for damages.

- ExxonMobil and the Volunteer Center of North Texas recognized this year's 75 interns and agencies participating in the 16th annual ExxonMobil Community Summer Jobs Program at a reception on June 6. In addition, former Community Summer Jobs Program interns were honored as ExxonMobil Community Champions for their continued work in the nonprofit sector.

- Exxon Mobil Corporation (NYSE:XOM), through its affiliates in Indonesia, announced a commitment of $1.5 million (approximately 14 billion rupiah) to assist the people affected by the massive earthquake in Yogyakarta and Central Java. ExxonMobil's contribution will go to relief organizations and non-governmental organizations for the area's reconstruction and rehabilitation programs.

- Anyone who's ever believed that there's no such thing as a free ride is in for a surprise this summer as ExxonMobil launches a new promotion that will put one lucky winner in the driver's seat of a brand new "Unique High-Performance 2007 Cadillac CTS-V." ExxonMobil announced the launch of the "Unique High-Performance 2007 Cadillac CTS-V Promotion," which will reward drivers for changing their oil by giving them the chance to win one of hundreds of prizes, including the grand prize -- the "Unique High-Performance 2007 Cadillac CTS-V."

- For the past 25 years, special groups of low to moderate-income high school students have spent their summer vacations beautifying Dallas parks, building houses and taking classes taught by community college instructors. The young people are members of the ExxonMobil Green Team, a program founded in 1981 to provide local youth with paid summer jobs and educational opportunities. The program is sponsored by ExxonMobil, managed by the City of Dallas and supported by a host of other community and private organizations.

- The national winner of the 2006 Hispanic Heritage Youth Award (HHYA) in Engineering and Mathematics was named today in Miami. ExxonMobil presented Eletha Joy Flores, a graduating student of Charles Herbert Flowers High School in Springdale, Maryland, with the award. ExxonMobil has sponsored the Engineering and Mathematics category of the HHYA since 2001 and since that time has provided $1 million dollars in support of the program.

- New York State environmental officials said they would sue Exxon Mobil over a big underground oil spill in Brooklyn that is still seeping sticky goo into a city waterway, decades after the leak was first noticed. Although the attorney general's office is considering whether to file a lawsuit, it has not yet decided to do so.

July

• Upstream news:

- ExxonMobil announced that its affiliate, Mobil Producing Nigeria Unlimited (MPN), has started up the East Area Additional Oil Recovery project located approximately 17 miles (28 kilometers) offshore Nigeria. MPN (40 percent interest) is operator of the project with co-venture partner Nigerian National Petroleum Corporation (60 percent). The project involves the reinjection of natural gas to mitigate normal field decline from East Area reservoirs and significantly increase ultimate oil recovery from Blocks OML 67 and OML 70. It is expected that the project will produce 530 million gross barrels of additional oil reserves from the blocks, and will provide a peak volume of 120,000 barrels a day of oil. The development also will further reduce routine flaring at the facilities to help meet the Nigerian government's and ExxonMobil's goals. Major components of the Additional Oil Recovery (AOR) project include a gas compression complex plus seven associated platforms, including crew living quarters, and more than 100 miles (161 kilometers) of new pipeline for natural gas gathering and distribution. Total cost of the project is expected to be approximately $1.3 billion. The AOR project is the third major facility startup for ExxonMobil affiliates in Nigeria this year. In February, MPN started production from the full-field facilities of the $1.3 billion Yoho project, with estimated recoverable resources of 440 million oil barrels. Yoho is currently producing about 160,000 barrels of oil a day, and injecting about 110 million cubic feet of natural gas daily. The facilities consist of a central production processing platform, 33 wells, living quarters platform, and a Floating, Storage and Offloading (FSO) vessel.

• Downstream news:

- To help industrial maintenance managers enhance the durability of their company's equipment, ExxonMobil announced that it has upgraded its entire line of Mobilith SHC(R) greases, a family of high-performance synthetic greases that are designed to extend the life of bearings. Formulated with proprietary lithium-complex thickeners, the new Mobilith SHC greases deliver excellent adhesion, rust protection and oxidative stability.

- ExxonMobil Middle East Gas Marketing Limited, a wholly owned subsidiary of Exxon Mobil Corporation (NYSE:XOM), the State of Qatar and Qatar Petroleum announced the signing of a development plan and the launch of the Al Khaleej Gas-Phase Two (AKG-2) project. This follows the completion of the initial stage of the project, AKG-1, which started up in November 2005. When operational in 2009, AKG-2 is planned to produce 1,580 million cubic feet per day (mcfd) of North Field natural gas for processing to sales gas for domestic markets in Qatar, while recovering associated condensate and natural-gas liquids. AKG-2 is expected to produce annually about 1,250 mcfd of sales gas, about 15 million barrels of field condensate, about 1 million tons of natural gas liquids (propane, butane and plant condensate) and an estimated 870,000 tons a year of ethane for use as petrochemical feedstock. Al-Khaleej Gas is being developed concurrent with the Ras Laffan LNG Expansion Project to maximize synergies between the Ras Laffan Liquefied Natural Gas Company Limited (3) and AKG-2 projects.

• Business/Finance news:

- The ExxonMobil Foundation will commit up to $10 million to enhance public school education in the Greater New Orleans area, bringing the Company's total commitment for relief and recovery efforts related to Hurricanes Katrina and Rita to more than $23 million.

- ExxonMobil Foundation announced it will support two, month-long training programs to help improve the leadership skills of 48 women non-profit managers from 22 different developing countries. The new grant will be used to provide the women scholarships to attend a training course in Mexico City or Washington, D.C., conducted under the Centre for Development and Population Activities (CEDPA) for its 2006 Global Women in Management Program: Building Leaders for Development.

- The Board of Directors of Exxon Mobil Corporation (NYSE:XOM) declared a cash dividend of 32 cents per share on the Common Stock, payable on September 11, 2006, to shareholders of record of Common Stock at the close of business on August 14, 2006.

- Exxon Mobil Corporation (NYSE:XOM) reported a record second quarter 2006 result. Net income of $10,360 million ($1.72 per share), increased $2,720 million from the second quarter of 2005. First half net income of $18,760 million ($3.09 per share), increased by 21% versus first half 2005.

- The ExxonMobil Foundation announced its commitment of $1 million to help build a national memorial to Martin Luther King, Jr. The Memorial celebrating the life and legacy of Dr. Martin Luther King, Jr. will be built on the National Mall in Washington, D.C.

- Exxon Mobil reported a 36 percent gain in second-quarter earnings yesterday, bolstered by robust oil and gas prices, improving refining margins and the start of production at a field in Nigerian waters. Exxon, the world's largest publicly traded oil company, has prospered as gasoline prices have risen sharply.

August

• Upstream news:

- Venezuela sharply raised taxes on four oil projects and a top official predicted enactment of a law giving the government control over all crude production in the South American country. The nation's congress approved a bill that hikes the income tax rate to 50% for six foreign oil companies working in oil ventures in Venezuela's oil-rich Orinoco River basin. The six companies are ConocoPhillips Co., Chevron Corp., Exxon Mobil Corp., Norway's Statoil, France's Total and Britain's BP. Deputy Oil Minister Bernard Mommer said the congress planned to approve by December legislation allowing the state oil company, Petroleos de Venezuela to take a majority stake in those same ventures. The Orinoco projects produce 600,000 barrels of oil a day.

• Downstream news:

- Golden Pass LNG LLC announced that it has awarded a lump-sum turnkey contract to Chicago Bridge & Iron Company NV (CB&I) for a liquefied natural gas (LNG) terminal to be built near Sabine Pass, Texas. CB&I's work scope includes the engineering, procurement and construction of facilities with the capacity to process 15.6 million tons per year (MTA) of LNG, which is the equivalent of approximately 2 billion cubic feet of natural gas a day. The scope of the project includes the construction of two ship unloading berths, five full-containment storage tanks, vaporization facilities, gas send-out and ship unloading systems.

- ExxonMobil Research and Engineering Company (EMRE) announced that SK Corporation, the market leader in Group III lubes production and the largest refiner in Korea by capacity, has selected ExxonMobil's industry-leading MSDW catalyst technology for its Ulsan, South Korea lube plant expansion. SK Corporation made a decision to expand capacity and improve yields at their two Ulsan catalytic lube plants. To accomplish this, SK Corporation selected ExxonMobil's well-proven lubes catalyst and process technologies to replace the existing technologies for the production of all grades of basestocks.

- The Films Business of ExxonMobil Chemical will feature innovative applications from around the world to demonstrate the versatility of its Label-Lyte(TM) labelling films at LabelExpo Americas 2006, Chicago, September 11-14. ExxonMobil Chemical's newest oriented polypropylene (OPP) films and labelling technology for pressure sensitive adhesive (PSA), wrap-around, patch, cut and stack, shrink and in-mold labelling (IML) applications will be on display (Stand 5603). In particular, the company is developing new PSA and wet-glue patch films aimed at the fast growing milk, beer, wine and spirits sectors.

- ExxonMobil Chemical has produced a new technical document to help customers design products with Santoprene(TM) thermoplastic vulcanizates (TPVs). "Design Guidelines for Santoprene(TM) Thermoplastic Vulcanizate" is based on 25 years' experience gained on topics related to the design of rubber parts. The fully illustrated document provides comprehensive guidelines and the theory behind design in relation to both material performance and processing. Topics include: injection molding; grips; shutoff design; extrusion; blow molding; seals; tubes, ducts and bellows; and convolutes.

- ExxonMobil announced that Mobil 1 has been selected as the factory and service fill motor oil for the new 2007 Acura RDX luxury SUV. Acura selected Mobil 1, the world's best selling synthetic motor oil, to meet the unique lubrication demands of the first-ever Acura turbocharged and intercooled engine. Due to its high-temperature oxidation stability and ability to prevent deposits from building on critical turbocharger and engine components, Mobil 1 will provide maximum protection for the high-performance RDX.

• Business/Finance news:

- For 25 years, hardworking groups of low to moderate-income high school students have chosen to spend their summer vacations beautifying Dallas parks, building houses and taking classes taught by college instructors. Sponsored by ExxonMobil and managed by the City of Dallas, the ExxonMobil Green Team provides paid summer jobs and educational enrichment classes for 100 Dallas-area high school students.

September

• Upstream news:

- A tax dispute between Chad and oil companies Chevron Corp. and Petronas has highlighted the potential pitfalls of investing in developing countries. Idriss Deby, president of Chad, looks set to use the dispute to increase his government's share of oil revenue, renegotiate contracts and tap into profits fueled by record oil prices. Deby ordered the expulsion of Chevron and Malaysia's Petronas, short for Petroliam Nasional Berhad, on Aug. 26, accusing them of failing to pay about $450 million in taxes, a move that could jeopardize a World Bank-backed oil project. Initially, government officials insisted that the decision was a tax issue. But Deby recently told supporters in N'Djamena, the capital, that Chad wanted a "reasonable" 60% stake in a consortium involving the two groups that is producing about 170,000 barrels a day. Limane Mahamat, a legal advisor to the president, told Reuters that Chad planned to review all its oil exploration and production contracts. Chad receives 12.5% of the oil revenue from the consortium; Chevron and Petronas get 25% and 35% respectively. This year, Deby threatened to halt production because of a row with the World Bank and said the government needed greater revenue to tackle rebels in the east of the country. When the project began producing in 2003 it was touted as a model for future schemes after the World Bank negotiated a formula to ensure that the majority of Chad's revenue would be spent on development. But the project has been marred by controversy. Exxon Mobil Corp., which owns 40% of the $4.2-billion project and manages it, was not asked to leave and has been paying taxes. Sources close to the situation say Chevron and Petronas have refused to follow suit because of protracted arguments about what taxes they must pay.

• Downstream news:

- Exxon Mobil Corporation (NYSE:XOM) announced that its subsidiary, Exxon Neftegas Limited, has commissioned the crude oil export system for the multiphase Sakhalin-1 project offshore Russia, bringing to eight the total of ExxonMobil-operated startups within the last 12 months. These significant projects, located in the North Sea, Malaysia, Qatar and in West Africa, are expected to deliver peak gross rates in excess of 1,000,000 barrels a day of oil and more than 1.5 billion cubic feet of daily gas to world energy markets. In addition, last month ExxonMobil and its partners announced the start of construction of a new LNG terminal on the Texas Gulf Coast that will help meet growing U.S. natural gas demand. First oil for Sakhalin-1 began flowing into the export system on August 29, and it is expected the initial tanker will begin loading at the newly-constructed DeKastri terminal this month. Oil production should ramp up to an estimated peak rate of 250,000 barrels a day by the end of 2006, following completion of the Onshore Processing Facility. In addition to the terminal, the export project includes a 24-inch, 140 mile pipeline and a tanker loading facility designed for year-round crude oil transport.

- ExxonMobil Chemical announced that the company will build a new facility at its Baton Rouge, Louisiana, complex to produce specialty compounded products. The investment is part of the company's global compounding strategy and commitment to provide engineered thermoplastic materials to the automotive and consumer products industries. The Baton Rouge plant will have the capability to manufacture a broad spectrum of commercial compounded products including ExxonMobil Chemical's Performance Polyolefin grades (compounded polypropylene), Santoprene(TM) thermoplastic elastomers and other specialty elastomers.

- ExxonMobil Chemical has introduced a new version of Santoprene(TM) thermoplastic vulcanizate (TPV) that complies with U.S. Food and Drug Administration (FDA) regulations for food contact and bonds with engineering thermoplastics (ETPs). The new grade is suitable for many types of applications which come into contact with food and liquids including kitchen utensils, cutlery, blenders and processing equipment, food storage containers, small kitchen appliances such as toasters, kettles and microwaves, and caps, seals and closures. Santoprene TPV B100 is designed for excellent adhesion to acrylonitrile butadiene styrene (ABS), polycarbonate (PC), polystyrene (PS), acrylic (PMMA), acrylonitrile styrene acrylate (ASA), polyethylene terephthalate (PET) and polyphenylene oxide (PPO)/PS blends using cold insert, two-shot injection or extrusion molding.

• Business/Finance news:

- Stocks rose for a fourth day, sending major indexes to their highest levels since May, as battered energy shares like Exxon Mobil rebounded and investors bet that interest rates would not rise anytime soon. Crude oil futures gained after seven straight sessions of declines, feeding a broader advance.

- One hundred-fifty ExxonMobil employees reported to a different place of work as they participated in various United Way Day of Caring activities throughout North Texas. As part of ExxonMobil's 2006 "Invest in What Matters" United Way campaign, these volunteers engaged in nursing home activities, read books to children, delivered food and assisted with other needs of various nonprofit agencies on September 14. ExxonMobil has one of the largest number of volunteers from a single corporation to participate in the United Way Day of Caring.

- A British scientific group, the Royal Society, contends that Exxon Mobil is spreading ''inaccurate and misleading'' information about climate change and is financing groups that misinform the public on the issue.

- A young scientist with ExxonMobil Research and Engineering (EMRE), Jonathan McConnachie, was recognized with the prestigious Society of Chemical Industry's 2006 Gordon E. Moore Medal for excellence in innovation in industry. He received this award for his work in automotive lubricant research during his early career assignment at Exxon Chemical's additives division, now part of Infineum. Jonathan's leading edge research in friction modification for automotive lubricants is the first major breakthrough in nearly 30 years. The invention was taken by EMRE and Infineum in just a few years from conception to commercial readiness and is now used in more than one out of four passenger vehicles in the United States of America. A major benefit of reduced friction in an engine is greater fuel economy.

October

• Upstream news:

• Downstream news:

- Sabine River channel has suddenly become center of quiet revolution in world of natural gas; Cheniere Energy, with help from Exxon Mobil and Sempra Energy, have overcome formidable regulatory hurdles to build three new liquefied natural gas terminals on channel that will double nation's capacity to import natural gas by 2011; Cheniere chairman Charif Souki is convinced nation will need to import more natural gas because North American production is declining; two of four terminals Souki has permits for are under construction: one in Freeport, Tex, which Cheniere partly owns, and second in Sabine Pass, La, which it owns outright; Cheniere hopes to build two more terminals along Gulf of Mexico to gain more fees from big companies but also to sell spot cargo and short-term contracts for higher profit.

- A milestone in the development of improved tire inner liners was announced by ExxonMobil Chemical Company and The Yokohama Rubber Co., Ltd. (YRC) following tests to qualify their jointly developed technology for use in passenger vehicle tires in harsh winter conditions. The companies’ development of DVA (dynamically vulcanized alloy) advanced tire inner liner technology is based on proprietary Exxpro™ polymers and alloys of those polymers developed by ExxonMobil, as well as alloys and application technology developed by YRC.

- ExxonMobil Chemical Technology Licensing LLC announced the commercialization of its new Olgone technology for more effective and environmentally sound removal of olefins from aromatics streams. Olgone is a catalyst-driven technology that provides aromatics plant operators with an alternative to the clay treaters currently used to reduce olefin content. Olgone is more effective than clay treaters in removing olefinic materials that can interfere with downstream equipment, adsorbents, sieves and catalysts.

- ExxonMobil Research and Engineering Company (EMRE) and Hellenic Petroleum S.A. (HELPE) announced that HELPE has selected EMRE's FLEXICOKING(1) technology for converting vacuum residue to lighter products for a refinery upgrading project in Elefsis, Greece. This 20 kBPD unit will be based on proven FLEXICOKING(1) technology which incorporates numerous significant upgrades developed and commercially applied to existing FLEXICOKING(1) units. FLEXICOKING, first developed and commercially applied 30 years ago, integrates fluid bed coking and air gasification to eliminate petroleum coke production. It allows refiners to process vacuum resid, atmospheric resid, oil sands bitumen, heavy whole crudes, deasphalter bottoms, or thermal cracked tar to produce higher-value liquid and gas products. FLEXICOKING produces a clean low sulfur fuel gas which can be used economically in refinery furnaces and boilers, as well as by nearby consumers such as power plants, to minimize NOx and SOx emissions.

- Qatar Petroleum and ExxonMobil Chemical Qatar Limited, a subsidiary of Exxon Mobil Corporation (NYSE:XOM), announced they have signed a Heads of Agreement (HOA) to progress studies for a proposed $3 billion world-scale petrochemical complex in Ras Laffan Industrial City, Qatar.

- ExxonMobil Chemical’s affiliate in Japan, Tonen Chemical Corporation (TCC), will feature its innovative microporous film lithium ion battery (LIB) separators designed for hybrid electric vehicle (HEV) applications at the 22nd International Battery, Hybrid and Fuel Cell Electric Vehicle Symposium & Exposition (EVS 22), Yokohama, October 23-28, booth A-62. TCC's advanced performance separators are expected to significantly improve LIB power and safety performance in HEV applications. They offer the potential to make HEV batteries lighter weight and smaller, thereby contributing to HEV system cost reduction and to improvements in design flexibility and durability.

• Business/Finance news:

- Russian authorities, who have never shown any interest in Dmitri V Lisitsyn's environmental causes in the past, have taken them up as means to stall giant projects by oil companies Royal Dutch Shell and Exxon Mobil on Sakhalin Island; unusual tie-up is latest move in intensifying face-off between big oil companies and Russian government, which wants to recover--but pay very little--for energy assets it sold to foreigners when oil prices were low; Exxon Mobil is clashing with government over whether it can send out its first tanker exports of crude oil from the $17 billion Sakhalin 1 project; exports were supposed to start first week of October, but at Sept 28 conference, Russian officials warned that shipments would be halted for health and safety checks; tanker is to take oil from one of world's newest energy provinces to Asia; some of oil will also make its way to California, helping to diversify supply away from Middle East, goal of Bush administration's energy policy; tanker is still moored to dock at De-Kastri terminal on Tatar Strait in Russian Far East; bigger target lately is Shell and its $20 billion project, Sakhalin 2, which represents largest foreign investment in Russia and is world's largest combined oil and gas development; authorities have also singled out BP fields in Siberia and project of French oil company Total in northern Russia; since state-run Rosneft took over Yukos's oil production, government has raised its control over country's energy assets, with wide implications for world oil supply.

- The ExxonMobil Foundation announced that $1 million has been contributed to the Society of Women Engineers (SWE) to help support their career guidance materials and program outreach activities to assist in increasing the number of women in engineering. This grant brings the company’s support of the organization to more than $2 million in the past decade. According to the Society of Women Engineers, women within the engineering profession are heavily underrepresented compared to their participation in the entire workforce. While women make up nearly 50 percent of the U.S. workforce, they account for only 10 percent of total engineers.

- The Board of Directors of Exxon Mobil Corporation (NYSE:XOM) declared a cash dividend of 32 cents per share on the Common Stock, payable on December 11, 2006, to shareholders of record of Common Stock at the close of business on November 13, 2006.

- Exxon Mobil Corporation (NYSE:XOM) reported third quarter net income of $10,490 million ($1.77 per share), an increase of $570 million from the third quarter of 2005. Net income for the first nine months of 2006 was a record at $29,250 million, up $3,830 million from 2005.

- The oil giants Exxon Mobil and Royal Dutch Shell reported stronger-than-expected earnings, showing resilience in the face of recently falling oil and gas prices and rising costs.

November

• Upstream news:

- The Exxon Mobil Corporation said that it was reviewing its legal options in the wake of Alaska's decision to strip it and other companies of leases in the Point Thomson oil and gas field in North Slope.

- The state of Alaska plans to strip oil companies of their leases on the Point Thomson oil and gas field after finding the primary leaseholder, Exxon Mobil Corp., in default for failing to come up with a viable plan for developing the field's vast North Slope gas reserves. Gov. Frank Murkowski, with Natural Resources Commissioner Mike Menge, announced the decision just one week shy of the end of his administration. Murkowski said Exxon Mobil, despite being granted numerous extensions, failed to make good on its obligations. Exxon Mobil spokeswoman Susan Reeves said the company was disappointed in the state's decision. She declined to say whether the company would appeal the decision but predicted it would hurt the state in the long run. Murkowski said that under the proper lease terms, the Point Thomson reserves could become an incentive for companies to develop the state's long-cherished goal of building a natural gas pipeline. Point Thomson is the North Slope's second-largest natural gas field, after Prudhoe Bay. It is estimated to hold about 9 trillion cubic feet of gas reserves, more than a quarter of the known gas in all North Slope fields.

• Downstream news:

- ExxonMobil announced that the new Mobilgear 600 XP Series of premium industrial gear oils will be introduced worldwide. Formulated to deliver exceptional, long-lasting protection for industrial gearboxes, Mobilgear 600 XP can help industrial companies become more competitive in global markets by raising their productivity.

- ExxonMobil Chemical announced a major expansion of halobutyl manufacturing at its plant in Baytown, Texas. The U.S. facility will increase capacity to produce Exxon™ Bromobutyl rubber by 60 percent by modifying existing equipment and adding new equipment. The expansion is part of the company's commitment to satisfy strong demand and high growth in the global halobutyl rubber market and tire industry. Construction completion is anticipated during the second quarter of 2008.

- Exxon Mobil Corporation (NYSE:XOM) announced that SeaRiver Maritime, Inc., its marine transportation affiliate in the U.S.A., and International Marine Transportation Limited (IMT), its U.K. based marine affiliate, have been awarded the prestigious 2006 Sword of Honour from the British Safety Council. The Sword of Honour recognizes organizations that have implemented safety systems that are among the best in the world. Only organizations that achieve the maximum rating in the Council's Five Star Health and Safety Management System Audit are eligible to apply.

• Business/Finance news:

- Exxon Mobil Corporation (NYSE:XOM) announced its participation in a major European research initiative aimed at evaluating the role that Carbon Capture and Storage (CCS) technology may play in reducing greenhouse gas emissions. ExxonMobil will contribute over 1 million Euros and provide expert technical guidance to the CO2ReMoVe project, sponsored by the European Commission Directorate General for Research. Over the next five years, CO2ReMoVe will evaluate a range of technologies to monitor the injection and storage of carbon dioxide (CO2) from gas streams at the offshore Sleipner and Snohvit fields in Norway, at In Salah in the southern Saharan desert in Algeria and in the German locality of KetzinNovember 5, 2006-- Regarding "Exxon Mobil earnings hit $10.5 billion,"

- For those of us who are being taken in by the flood of "Vote no on Proposition 87" TV commercials, please note that their prime funder is none other than major oil companies. Do you get the picture? Think about Exxon Mobil Corp. and its repulsive profits when you cast your ballot for 87 and hope that we may someday breathe clean air and become energy independent.

- Exxon Mobil Corporation (NYSE:XOM) announced that its employees and companies in the Metropolitan D.C. area have set an all-time campaign record by raising over $2 million for 202 non-profits during its recently concluded "Employees' Favorite Charities Campaign."

- According to the National Council of Research on Women, women make up nearly 50 percent of the U.S. workforce, but hold only 12 percent of science and engineering jobs in business and industry compared to their male counterparts. To help increase the number of young women who are interested in math and science, ExxonMobil and Girls Incorporated of Metropolitan Dallas (Girls Inc.) have formed a partnership to help encourage young women to consider careers in math and science fields at the ExxonMobil Family Math and Science Night.

- For the seventh year, the ExxonMobil Educational Alliance Program has provided grants to local schools across the nation. This year, that tradition will continue. ExxonMobil recognizes the need for education professionals to engage today’s tech-savvy students. Therefore, the ExxonMobil Educational Alliance Program will award 4,000 $500 grants totaling $2 million to K-12 educational institutions in 44 states and the District of Columbia.

- ExxonMobil Foundation announced a $270,000 contribution to the National Action Council for Minorities in Engineering (NACME), which will be used to support various programs including scholarships for minority engineering students. With this grant, ExxonMobil has provided NACME with more than $10 million in support.

December

• Upstream news:

- Exxon Mobil Corporation (NYSE:XOM) announced that its subsidiary, Esso Exploration International Limited, and Mitra Energy Limited (MEL) have entered into an agreement to explore for hydrocarbons in the deepwater Sandakan Basin southwest of the Philippine Islands. Under terms of the recently signed farm-in agreement, an ExxonMobil affiliate has acquired a 50 percent operating interest in Block SC 56. MEL retains a 50 percent equity interest in the block and will operate the 2D seismic acquisition phase of the exploration program.

- Three blocks that drew only single bidders in Libya’s latest oil exploration round were awarded to Exxon Mobil, the Oil and Natural Gas Corporation of India and Inpex Holding of Japan, the Libya’s state-owned National Oil Corporation said. Exxon Mobil was awarded a 22.3 percent share in four wells, Oil and Natural Gas a 28 percent share in one well and Inpex 12.9 percent of three wells, the oil corporation said.Gazprom and Tatneft of Russia won the bulk of licenses in the round last week.Libya is seeking foreign investment to help it increase its oil output capacity to more than 3.0 million barrels a day by 2012, from about 1.6 million barrels a day at present.

• Downstream news:

• Business/Finance news:

- ExxonMobil announced it will contribute $11 million in cash to the United Way in the Houston and Baytown areas following completion of its 2006 employee and retiree campaign. The funds will assist those benefiting from services provided by the nonprofit and its affiliated agencies. Of that amount, $9.7 million will address needs of the United Way of the Texas Gulf Coast, and $1.3 million will benefit the United Way of Baytown.

- ExxonMobil Foundation announced that it will make an additional $10 million in grants available to front-line health care workers and researchers combating malaria and other diseases in Africa in 2007. The grants will be part of the company’s Africa Health Initiative.

- A federal appeals panel on Friday cut nearly in half the $4.5 billion punitive damages award against Exxon Mobil as a result of the Exxon Valdez oil spill in 1989. A majority of a three-judge panel said the company’s negligent conduct, while “particularly egregious,” had not been intentional and had not warranted the maximum financial penalty that a lower court imposed. The panel of the United States Court of Appeals for the Ninth Circuit, in San Francisco, split on applying legal precedents to the company responsible for the worst oil spill in United States history. It cut the award for punitive damages to $2.5 billion. In the decision, the majority wrote, “Exxon’s reckless misconduct in placing a known relapsed alcoholic in command of a supertanker, loaded with millions of barrels of oil, to navigate the pristine and resource abundant waters of Prince William Sound, was reckless and warrants severe sanctions.”“The misconduct did not, however, warrant sanctions at the highest range allowable,” the ruling added.




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