ExxonMobil (XOM) to Exit Equatorial Guinea & Focus on Guyana

Exxon Mobil Corporation (XOM) announced its decision to exit Equatorial Guinea in the second quarter of 2024, marking the end of nearly three decades of oil drilling activities in the country.The oil major will transfer its remaining investments to the local government, concluding a chapter that transformed the small West African nation into a member of the Organization of the Petroleum Exporting Countries.The move aligns with ExxonMobil’s long-term strategy, focusing on the fastest-growing, lowest-cost opp ...