XOM · News · 20260916N

Upstream Production Growth

ExxonMobil Holdings Corp · 2026-09-16 · Importance 77 · Surprise 82

ExxonMobil is prioritizing its Guyana and Permian Basin assets to expand upstream production and improve profitability through low-cost resources. Permian output is projected to reach 2.5 MMBoe/d by 2030, while total upstream production is expected to reach approximately 5.5 MMBoe/d. Advantaged assets are expected to represent 65% of total upstream production by 2030. Guyana free cash flow is projected to double by 2030, indicating a major strategic contribution from the region.