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XOM-EXXON MOBIL CORP

Exxon Mobil Partners with Hess and CNOOC to Boost Guyana's Oil Production with New FPSO Facility, Targeting 1.3 Million Barrels per Day by 2027

Saturday

23 November, 2024

Exxon Mobil is set to enhance its dominance in the oil sector with a new FPSO facility in Guyana, aiming for a staggering 1.3 million barrels per day by 2027. As the energy landscape shifts, can Exxon navigate the challenges of overexposure and evolving market demands?

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Key Takeaways
  • Exxon Mobil is expanding rapidly in Guyana, targeting over 1.3 million barrels per day by 2027.
  • The company has produced 500 million barrels since 2019 and plans to enhance output significantly.
  • With nearly 40 discoveries and 11 billion barrels in reserves, Exxon shows strong growth potential.
  • A profit of $2.9 billion from Guyana operations highlights the investment's lucrative nature.
  • Exxon Mobil presents a solid opportunity for investors interested in the energy sector's growth.
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