XOM · News · 20260916N
Upstream Production Growth Strategy
ExxonMobil Holdings Corp · 2026-09-16 · Importance 77 · Surprise 82 · In source text
ExxonMobil is concentrating upstream growth on its low-cost Guyana and Permian Basin assets. Guyana free cash flow is projected to double by 2030, while Permian output is expected to reach 2.5 MMBoe/d by 2030. Combined growth could lift total upstream production to approximately 5.5 MMBoe/d by 2030, with advantaged assets representing 65% of production.
Key facts
- ExxonMobil expects Guyana's free cash flow to double by 2030. source
- ExxonMobil expects advantaged assets to comprise 65% of its total upstream production by 2030. source
- ExxonMobil is focusing on its Guyana and Permian Basin assets to drive growth in its upstream business. source
Impact estimates
| metric | direction | stage | expected | basis |
|---|---|---|---|---|
| cash | positive | probable | — | ExxonMobil expects Guyana's free cash flow to double by 2030. |