Market Overview

ExxonMobil to Provide $3 Million to USAID Programs in Mozambique


and the United States Agency for International Development (USAID) said
today that ExxonMobil will provide $3 million to USAID to design and
administer programs that improve social and economic development in

This press release features multimedia. View the full release here:

The collaboration was announced by Administrator Mark Green at the 2019
Corporate Council on U.S.-Africa Business Summit.

"This effort will leverage the combined expertise and capabilities of
USAID and ExxonMobil to implement sustainable programs that lead to
improved quality of life," said Liam Mallon, president of ExxonMobil
Upstream Oil & Gas Company.

USAID will apply its experience and strong expertise to promote
stability, governance and development initiatives tailored to help
community needs. USAID is committed to deepening collaboration with the
private sector in areas ranging from economic growth, energy,
agriculture and global health to humanitarian assistance, women's
empowerment and education.

Since 2018, ExxonMobil has invested more than $3 million in community
programs that promote improved education, health care, family
empowerment, agriculture and biodiversity conservation across
Mozambique. These contributions include more than $400,000 in emergency
assistance efforts in response to cyclones Idai and Kenneth.

ExxonMobil holds a 25 percent indirect interest in Mozambique Area 4
concession and will lead the construction and operation of the future
onshore natural gas liquefaction facilities in Cabo Delgado's Agfungi
peninsula. In addition, ExxonMobil holds joint rights to operate the
Angoche basin (A5-B) and the Zambezi Delta (Z5-C and Z5-D) concessions.

About ExxonMobil

ExxonMobil, the largest publicly traded international energy company,
uses technology and innovation to help meet the world's growing energy
needs. ExxonMobil is a global leader in LNG project execution and holds
an industry-leading inventory of resources, is one of the largest
refiners and marketers of petroleum products, and its chemical company
is one of the largest in the world. For more information, visit
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The United States Agency for International Development (USAID) leads the
U.S. Government's international development and disaster assistance
through partnerships and investments that save lives, reduce poverty,
strengthen democratic governance, and help people emerge from
humanitarian crises. For more information about USAID's work to foster
sustainable development and advance human dignity visit

Cautionary Statement: Statements of future
events or conditions in this release are forward-looking statements.
Actual future results, including project plans could differ materially
due to changes in long-term market prices of oil and natural gas and
other economic conditions affecting the supply and demand for LNG in
relevant markets; the outcome of commercial negotiations; actions of
competitors; changes in political or regulatory factors, including
government approval of development plans; unforeseen technical or
operational factors; and other factors cited under the caption "Factors
Affecting Future Results" on the Investors page of our website at

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