XOM Stock Recent News

Exxon Mobil could invest as much as $21.7 billion in Trinidad and Tobago if the energy major finds reserves in a large deepwater area it plans to explore for oil and gas in the Caribbean country, energy minister Roodal Moonilal said.

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XOM starts production at Yellowtail with its largest FPSO, One Guyana, boosting Stabroek Block capacity to over 900,000 barrels a day.

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ExxonMobil, operator of the offshore Guyana Stabroek consortium with partners Chevron and CNOOC, announced the startup of its fourth deepwater project, Yellowtail on Friday. With production capacity of 250,000 barrels of oil per day (bpd), Yellowtail raises total Stabroek capacity to 900,000 bpd faster than anyone had expected just a year ago.

XOM bets on offshore Guyana and Permian output growth to power long-term gains, despite weak share performance.

Exxon Mobil Corporation XOM announced on Friday that ExxonMobil Guyana has initiated production at the Yellowtail development in the offshore Stabroek block of Guyana.

An Exxon Mobil-led consortium began production at a fourth floating production, storage and offloading vessel at the Stabroek Block in Guyana on Friday, bringing total capacity from the oilfield to over 900,000 barrels of oil per day, Exxon said.

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SPRING, Texas--(BUSINESS WIRE)--ExxonMobil Guyana started production today at Yellowtail, the fourth oil development in Guyana's offshore Stabroek block. Yellowtail's ONE GUYANA floating production storage and offloading (FPSO) vessel joins the Destiny, Unity, and Prosperity FPSOs, bringing total installed capacity in Guyana to above 900,000 barrels of oil per day.  “Yellowtail's ahead-of-schedule startup is a significant milestone for ExxonMobil and the people of Guyana,” said Dan Ammann, pres.