XOM · News · 20260911N

Guyana Expansion and Competition

ExxonMobil Holdings Corp · 2026-09-11 · Importance 26 · Surprise 24

At the Barclays 40th Annual Energy-Power Conference, ExxonMobil characterized its Guyana position as a “once-in-a-lifetime” upstream opportunity. The company emphasized that operator quality is increasingly important to resource owners as international oil companies compete for major resource developments. Chevron separately described a planned Venezuela development targeting 600,000 barrels per day by 2031, providing competitive context for ExxonMobil’s Guyana strategy.

Key facts

• At the Barclays 40th Annual Energy-Power Conference ExxonMobil highlighted its 'once-in-a-lifetime' opportunity in Guyana. source
• ExxonMobil said operator quality is increasingly important to resource owners (as stated at the Barclays conference). source