CVX · News · 20260824N

Guyana Production Expansion

CHEVRON CORP · 2026-08-24 · Importance 26 · Surprise 24

Chevron is positioned to benefit from continued production growth in Guyana through its stake in the Stabroek Block. ExxonMobil plans to expand FPSO capacity, with a fifth FPSO expected to start in late 2026 and a ninth planned for 2031. The expansion is expected to sustain demand for subsea services and increase the Stabroek Block’s contribution to Chevron’s upstream portfolio.

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