Exxon group's eighth Guyana project to produce up to 1.5 bcfd of gas
1. Exxon Mobil's eighth energy project in Guyana will enhance gas and condensate production. 2. The project aims for 1.5 bcfd of gas and 290,000 bpd of condensate output.
FAQ
Why Bullish?
Increased production capacity can lead to higher revenues, similar to past oil booms boosting share prices.
How important is it?
The project's significant production capacity directly links to XOM’s growth and earnings expansion.
Why Long Term?
The long-term potential for sustainable cash flow and profitability from new exports.