Share Fb url opens in a whole new window Twitter url opens in a whole new window Linkedin website link opens in a completely new window one E mail url opens in a fresh window copy to clipboard shut Print ExxonMobil announces 2nd-quarter 2023 outcomes
All through the next quarter, ExxonMobil introduced it truly is planning to create a lubricants producing plant in Raigad, India. The brand new plant is expected to provide 159,000 kiloliters of concluded lubricants every year to help you satisfy demand expansion in India, with start off-up expected by calendar year-conclude 2025.
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Expanded leadership in carbon capture and storage by agreeing to obtain Denbury and reaching five million metric tons annually of CO2 offtake contracts with industrial customers2
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adjustments in the availability and need for oil, purely natural gasoline, petrochemicals, and feedstocks as well as other market factors, economic disorders and seasonal fluctuations that influence prices and differentials for our solutions; government guidelines supporting decrease carbon expense possibilities these types of as the U.S. Inflation Reduction Act or policies limiting the attractiveness of long run investment including the extra European taxes around the Power sector; variable impacts of investing things to do on our margins and effects Each individual quarter; steps of competition and industrial counterparties; the result of economic negotiations, which include closing agreed stipulations; the chance to accessibility financial debt markets; the ultimate impacts of COVID-19 or other public overall health crises, such as the outcomes of government responses on folks and economies; reservoir performance, like variability and timing things relevant to unconventional resources; the level and outcome of exploration initiatives and conclusions to take a position in long run reserves; timely completion of advancement and also other building initiatives; final administration approval of long run tasks and any alterations during the scope, phrases, or fees of this kind of jobs as permitted; federal government policies and guidance and industry demand from customers for lower carbon systems; war, civil unrest, attacks against the corporate or market and other political or protection disturbances; expropriations, seizure, or capacity, insurance policies or shipping and delivery restrictions by overseas governments or regulations; opportunities for likely acquisitions, investments or divestments and satisfaction of applicable problems to closing, together with timely regulatory approvals; the capture of efficiencies inside of and involving company lines and the opportunity to retain close to-phrase Value reductions as ongoing efficiencies; unexpected complex or functioning challenges and unplanned routine maintenance; the event and competitiveness of other energy and emission reduction technologies; the effects of study plans and the chance to deliver new technologies to commercial scale on a price-aggressive foundation; together with other components reviewed underneath Merchandise 1A. Threat Aspects of ExxonMobil’s 2022 Type 10-K.
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AND Associated MATTERS. Buyers and protection holders may possibly receive cost-free copies on the registration statement and also the proxy assertion/prospectus (if they develop into offered), as well as other filings made up of essential information about ExxonMobil or Denbury, at no cost within the SEC’s Online Internet site (). Copies get more info in the paperwork filed While using the SEC by ExxonMobil are going to be obtainable gratis on ExxonMobil’s World wide web Web page at underneath the tab “traders” then under the tab “SEC Filings” or by calling ExxonMobil’s Investor Relations Section at investor.
Reduce natural fuel realizations and sector refining margins adversely impacted earnings. Final results benefited in the absence of prior quarter unfavorable spinoff mark-to-market place impacts.
2022, which was filed with the SEC on February 22, 2023. Extra info concerning the members inside the proxy solicitations and an outline of their immediate or indirect pursuits, by security holdings or in any other case, will likely be contained during the proxy statement/prospectus as well as other suitable materials filed With all the SEC if they grow to be available.
This push launch also involves whole taxes which includes product sales-primarily based taxes. This can be a broader indicator of the total tax stress to the Corporation’s goods and earnings, including sure gross sales and price-additional taxes imposed on and concurrent with revenue- developing transactions with shoppers and collected on behalf of governmental authorities (“sales-dependent taxes”).
ExxonMobil's ambitions, programs and objectives don't assure any motion or upcoming general performance by its affiliate marketers or Exxon Mobil Corporation's responsibility for people affiliate marketers' actions and future general performance, Just about every affiliate of which manages its possess affairs.
“The operate we have been carrying out to further improve our underlying profitability is mirrored inside our second-quarter effects, which doubled from what we earned in a very comparable sector commodity price environment4 just five years in the past,” reported Darren Woods, chairman and chief government officer.