Production from the first stage of the Kizomba C development began from the Mondo field in Block 15, offshore Angola. Full production from the Mondo and Saxi / Batuque (which started up in Q3, 2008) Projects are expected to recover 600 million barrels of oil (gross).
February
Participated in Kazakhstan's first national Extractive Industries Transparency Initiative conference.
March
Announced plans to invest more than $125 billion in capital spending over the next five years to help meet growing world energy demand.
Started production from the East Area Natural Gas Liquids II Project, offshore Nigeria. The project is expected to recover 300 million barrels of natural gas liquids (gross). This is part of our integrated plan to significantly reduce gas flaring and improve oil recovery.
Launched Enable™ metallocene polyethylene, which produces strong and clear films that reduce packaging weight and deliver energy savings throughout the supply chain.
April
Launched Mobil 1 Advanced Fuel Economy synthetic motor oil, designed to improve fuel economy for passenger cars.
Announced plans to donate $10 million to anti-malaria efforts through the "Idol Gives Back" episode of American Idol, which will benefit Malaria No More.
May
ExxonMobil Chemical launched its Sustainable Development Web site.
Announced a commitment of more than $100 million to complete development and testing of CFZ™ technology, an improved natural gas treating technology, which could make carbon capture and storage from natural gas treatment more affordable and reduce greenhouse gas emissions.
June
The U.S. Supreme Court reduced the punitive damages award for the 1989 Exxon Valdez oil spill to $508 million. As of December 31, 2008, the Corporation has paid out $383.4 million of the $508 million.
Chairman and CEO Rex W. Tillerson received the Hispanic Heritage Foundation's Inspira Award for his leadership role in breaking barriers and creating opportunities for Hispanic youth, and for inspiring a new generation of Hispanic leaders.
July
Announced plans to invest $1.1 billion to develop more than 270 million oil-equivalent barrels (gross) from the Turrum field in the Bass Strait, offshore southeast Australia.
August
Committed $3.5 million to the Global Health Group at the University of California, San Francisco to expand the University's support for an unprecedented malaria elimination effort in southern Africa.
Started up facilities to manufacture a revolutionary new tire material, expected to improve fuel economy.
September
Supported the Centre for Development and Population Activities to conduct a Global Women in Management Spanish-language workshop in Mexico City.
Donated $6.5 million for disaster relief assistance to U.S. communities along the coast of the Gulf of Mexico in the aftermath of Hurricanes Gustav and Ike.
October
ExxonMobil Chemical won the 2008 ICIS Chemical Business Award for Best Product Innovation for its new battery separator film technology. We also broke ground on a new battery separator film plant in South Korea.
Announced a collaboration to develop next-generation technology with Pratt & Whitney Rocketdyne to convert coal, coke, or biomass to synthesis gas, which would facilitate the use of carbon capture and storage to reduce greenhouse gas emissions.
November
The Board of Directors announced changes to ExxonMobil's Corporate Governance Guidelines to enhance the role of the Presiding Director.
December
ExxonMobil and Africare initiated a $1.75 million, three-year project designed to empower rural women in southern Chad by developing their entrepreneurial capacity in small business development.
Shared corporate citizenship strategies and best practices with the Riyadh Chamber of Commerce and Saudi businesses.
Announced plans to invest over $1 billion to increase supplies of cleaner-burning diesel by approximately 6 million gallons per day.