XOM - Mergers and acquisitions

Generated strong third-quarter earnings of $7.5 billion and cash flow from operations of $14.8 billion Returned $9.4 billion to shareholders in the quarter and increased fourth-quarter dividend to $1.03 per share Advanced growth ambitions with Permian acreage acquisitions, carbon materials market expansion, and computing power investments Started up eight of 10 key projects to date in 2025; remaining projects on track Exxon Mobil Corporation (NYSE:XOM): Results Summary 3Q25 2Q25 Change vs 2Q25 Dollars in millions (except per share data) YTD 2025 YTD 2024 Change vs YTD 2024 7,548 7,082 +4

Acquisition of High-Quality Acreage in Core Regions of the Permian to Generate Accretive Growth Texas Pacific Land Corporation (NYSE:TPL) (the "Company" or "TPL") today announced the closing of an acquisition of Permian oil and gas mineral and royalty interests for $286 million in cash. This press release features multimedia. View the full release here: https://www.businesswire.com/news/home/20241002719080/en/Asset Map (Graphic: Business Wire) The interests span across approximately 7,490 net royalty acres ("NRA") located primarily in the Midland Basin in Martin (~2,220 NRA), Midland (~2,080 NRA), and other counties, with over 80% of the acquired interests adjacent to or overlapping existi

Delivered industry-leading second-quarter earnings of $9.2 billion1, showcasing the differentiated strengths of ExxonMobil's portfolio and its improved earnings power The Pioneer merger, which closed five months faster than similar transactions and fundamentally transforms the Upstream portfolio, contributed $0.5 billion to earnings in the first two months post-closing2 with record production, and integration and synergy benefits are exceeding expectations Also achieved record production in Guyana and heritage Permian; Upstream total net production grew 15%, or 574,000 oil-equivalent barrels per day, from the first quarter Expanded the company's value proposition by progressing

Delivered industry-leading 2023 earnings of $36.0 billion1, generated $55.4 billion of cash flow from operating activities and distributed $32.4 billion to shareholders Leading industry in compounded annual growth rate for earnings excl. identified items and cash flow since 2019 2 Increased Guyana and Permian production by 18% vs. 2022 and achieved record annual refinery throughput 3 Strengthened portfolio with $4.1 billion of non-core asset divestments, and two acquisitions; one that accelerates Low Carbon Solutions and one that will transform the Upstream business4 Launched new MobilTM Lithium business with the potential to supply up to one million EVs per year by 2030

Generates $48 billion of cash flow from operating activities, the highest level since 2012, more than covering capital investments, debt reduction, and dividend Reduces structural costs by an additional $1.9 billion, increasing total savings to nearly $5 billion versus 2019 Strengthens balance sheet to pre-pandemic levels by paying down $20 billion in debt Expects to achieve 2025 emission-reduction plans four years ahead of schedule Aims to achieve net zero Scope 1 and 2 greenhouse gas emissions for operated assets by 2050, with plans to achieve net zero in the Permian Basin by 2030 Exxon Mobil Corporation (NYSE:XOM):       Third       Fourth Quarter

Lower-emissions biofuels and biofuel components to be produced from wood waste Advances efforts to help reduce greenhouse gas emissions in the transportation sector Agreement includes 49.9% stake in Biojet AS and offtake agreements for up to 3 million barrels per year ExxonMobil is expanding its interests in biofuels that can help reduce greenhouse gas emissions in the transportation sector, acquiring a 49.9% stake in Biojet AS, a Norwegian biofuels company that plans to convert forestry and wood-based construction waste into lower-emissions biofuels and biofuel components. Biojet AS plans to develop up to five facilities to produce the biofuels and biofuel components. The company a

Plans to bring Nobel Prize-winning technology to commercial scale New class of hydrocarbon-based materials with performance and sustainability advantages Materials could enable more durable, efficient wind turbine blades for energy transition ExxonMobil Chemical Company has acquired California-based Materia, Inc., a technology company that has pioneered the development of a Nobel prize-winning technology for manufacturing a new class of materials. The innovative materials can be used in a number of applications, including wind turbine blades, electric vehicle parts, sustainable construction, and anticorrosive coatings. ExxonMobil and Materia have been collaborating since 2017 on the

NEW YORK, July 22, 2021 (GLOBE NEWSWIRE) -- Jefferson Energy Companies ("Jefferson Energy"), a subsidiary of Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI), is pleased to announce it has entered into a new contract to expand terminal services to ExxonMobil Oil Corporation, a wholly owned subsidiary of Exxon Mobil Corporation (("ExxonMobil", NYSE:XOM). Jefferson Energy is constructing approximately 1.9 million barrels of new storage capacity at the Jefferson Energy terminal and five connecting pipelines between the ExxonMobil Beaumont refinery and Jefferson Energy terminal that will increase utilization of its existing marine infrastructure. The engineering and constr

Acquires Permian Basin upstream assets in the Eunice Monument Field Addition of 48,000 held-by-production acres; production of ~1,100 BOEPD Empire Petroleum Corporation ("Empire") (OTCQB:EMPR) announced today that it has acquired producing oil and gas assets and related gathering assets located in Lea County, New Mexico through its wholly owned subsidiary, Empire New Mexico LLC ("Empire New Mexico"). The assets were acquired from ExxonMobil Corporation's (NYSE:XOM) XTO Holdings, LLC ("Sellers"), in a transaction that has been previously reported by Empire in its filings with the Securities and Exchange Commission. The acquired operated assets are comprised of ~700 gross oil, gas, and

NEW YORK, Feb. 22, 2021 (GLOBE NEWSWIRE) -- In a release issued under the same headline on Monday, February 22nd, 2021 by Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI), please note that the third paragraph including a quote has been removed altogether. The corrected release follows: Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) and Jefferson Energy Companies (“Jefferson Energy”) are pleased to announce the successful completion of its Cross Channel Pipelines project. This project consists of six pipelines connecting the Jefferson Energy terminal to the ExxonMobil (NYSE:XOM) Beaumont refinery and allows for ratable and efficient pipeline move

NEW YORK, Feb. 22, 2021 (GLOBE NEWSWIRE) -- Fortress Transportation and Infrastructure Investors LLC (NYSE:FTAI) and Jefferson Energy Companies (“Jefferson Energy”) are pleased to announce the successful completion of its Cross Channel Pipelines project. This project consists of six pipelines connecting the Jefferson Energy terminal to the ExxonMobil (NYSE:XOM) Beaumont refinery and allows for ratable and efficient pipeline movements of both refined products and crude oil between the two locations. Barge traffic on the Neches River and at the Jefferson Energy terminal will be reduced, allowing for new, incremental marine opportunities to be developed. Following the appropriate pipeline com