ZACKSยท2025-06-27 13:06Group 1: Exxon Mobil Corporation (XOM) Production Increase - Exxon Mobil has increased production at the Cepu Block in Indonesia to 180,000 barrels per day (bpd) from 150,000 bpd, adding an additional 30,000 bpd [1][9] - The Cepu Block now accounts for approximately 25% of Indonesia's total oil production, highlighting its strategic importance in the country's energy landscape [3][9] Group 2: Indonesia's Oil Production Goals - Indonesia aims to increase its oil production to meet a target of 605,000 bpd for 2024, although the average production from January to May was only 579,700 bpd, falling short of this target [2] - The Indonesian government has set ambitious long-term production goals of 1 million bpd of oil and 12 billion standard cubic feet of gas per day by 2030 to enhance energy security and offset declining production [4]