ExxonMobil will expand its use of Helmerich & Payne’s FlexRobotics, adding seven more systems over the next year for a total of nine. The plan targets automation of about half the Permian drilling fleet by 2028, aiming to boost safety and efficiency. The next major catalyst is the Oct. 30 earnings report, with expected EPS of $3.75 and revenue near $102.02 billion.
ExxonMobil (XOM) stock declined as crude benchmarks fell about 2%, with WTI near $98.34 and Brent $101.75. Data show Saudi export volumes staying near baseline, easing geopolitical risk premium. RBC reaffirmed a $180 target, noting robust refining margins help offset supply volatility.
An ExxonMobil executive said U.S. LNG supply could reach about 30% of global total by 2030, signaling durable demand growth for U.S. exporters. The comment underscores potential upside for Exxon’s LNG assets, including Golden Pass, though the timeline remains long-term and subject to pricing, capacity expansions, and regulatory factors.
ExxonMobil and partners reported a new oil discovery at Vicango Este-01 in offshore Block 15, per Angola's ANPG. The news adds upside to XOM's Angola exposure, though reserves and production timelines remain undisclosed. Appraisal results over the coming quarters will determine size, economics, and impact on cash flow and licensing dynamics.
ExxonMobil said it awarded about $1.1 billion in pre-investment contracts for upstream equipment for Rovuma LNG Phase 1 in Cabo Delgado, Mozambique. The milestone underscores progress on a key LNG development that could underpin long-term gas sales and cash flow, with investors watching for further milestones and the timing of a final investment decision.
ExxonMobil says its Guyana oilfield joint venture has recouped the billions spent developing the field, underscoring strong economics and potential cash-flow upside. The development implies the Guyanese government will receive a larger share of oil proceeds, a dynamic that could influence regional fiscal terms and near-term sentiment around Exxon's Guyana assets.