Exxon Mobil: It Is Only Another Billion

Summary:

  • Guyana has approved the Exxon Mobil Corporation partnership’s proposed 35 well 2 ship drilling campaign over 5 years.
  • But this campaign implies more expenditures “down the road” for FPSO’s and associated expenses.
  • Management can already plan on about $100 billion in expenditures just with the discoveries already made.
  • There will likely be a speedup over time of Guyana progress.
  • Point Thompson provides speculative upside at this point.

Beautiful Dusk Sky Over an Offshore Oil Drilling close to Huntington Beach

Jeremy Poland

There has long been an argument that Exxon Mobil Corporation (NYSE:XOM) is large enough that “a billion here and a billion there” is not significant. So many just did not realize the significance of the


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