ExxonMobil is significantly expanding its operations in Guyana, with plans to develop what could be the world's last petrostate. Inside a drab six-storey office block in Georgetown, a team of ExxonMobil executives are working out how to expand one of the largest offshore oil developments in history. The company, along with its partners, generated $6.33 billion in 2023 from a lucrative agreement in the South American country. This project has yielded a net margin of 56%, surpassing Nvidia's 49% margin. ExxonMobil has taken the first step towards its seventh oil project in Guyana, aiming to boost crude output into the 2030s. The new project, named Hammerhead, is expected to increase daily output capacity to 1.5 million barrels. This expansion highlights Exxon's commitment to long-term investment in Guyana's oil industry.
ExxonMobil plans new energy projects, both of the old and new energy varieties, which sent shares slightly upward. $XOM https://t.co/IaSiMobLiZ
In Guyana Exxon is building a petro-state. Will it be the last? Striking story in Chartbook Top Links today. Check it out and sign up here: https://t.co/RpkWBFWuDR https://t.co/JLaoegryxy
The giant Exxon project that could create the world’s last petrostate via @FT /apparently still a massive U.S.-China JV out there in Guyana https://t.co/nJYLlHkRNG
Exxon Plans New #Guyana Oil Project to Boost Output Into 2030s Hammerhead to up daily output capacity to 1.5 million barrels Project is smaller than others, tailored to specific resource #oott https://t.co/rUABCjM9AF
Exxon takes the first step toward what will be its seventh oil project in Guyana, a clear signal the supermajor intends to expand crude output from the South American nation into the next decade, @CrowleyKev reports https://t.co/Eh1vSY2gb7
Exxon Mobil took the first step toward what will be its seventh oil project in Guyana, a clear signal the supermajor intends to expand crude output from the South American nation into the next decade. https://t.co/xNA85vNAO1
*EXXON PLANS NEW GUYANA OIL PROJECT TO BOOST OUTPUT INTO 2030S
Exxon Mobil reports $6.33B in profits from Guyana oil deal, boasting a combined net margin of 56%, surpassing Nvidia's 49% margin. $IYE $XLE $NVDA $HES $XOM
The giant Exxon project that could create the world’s last petrostate. An @FinancialTimes long read which asks the question: will the US oil supermajor make or break Guyana? by @JamieSmythF and @joeparkdan https://t.co/BuHzBM5ACG via @ft
#Guyana's lucrative agreement with an Exxon Mobil-led consortium in the South American country last year generated $6.33 billion for the partners, government data showed, yielding a net margin larger than that of chip-maker Nvidia Corp #oott https://t.co/Z5Zrvo8bmt
🔵 EXXON-LED GUYANA OIL GROUP'S NET JUMPS IN 2023, MARGINS TOP NVIDIA'S Guyana's lucrative agreement with an Exxon Mobil-led consortium in the South American country last year generated $6.33 billion for the partners, government data showed, yielding a net margin larger than… https://t.co/YP57dgecUl
Guyana's future: The giant Exxon project that could create the world’s last petrostate - https://t.co/WEoD8UDhrj via @FT
Inside a drab six-storey office block in a residential street in #Guyana’s capital Georgetown, a team of ExxonMobil executives are working out how to expand one of the largest offshore oil developments in history. #oott https://t.co/7EQovfPVBd