Core Viewpoint - ExxonMobil reported strong third-quarter 2025 earnings despite lower oil prices and a challenging operating environment, driven by significant contributions from its Permian Basin and Guyana operations [1] Group 1: Guyana Operations - Exxon made its first discovery in Guyana's Stabroek Block in 2015, surprising industry insiders with commercially exploitable hydrocarbons after previous failures [2] - The company has rapidly developed the Liza-1 discovery, achieving first oil in just four years, with production from the Liza Destiny FPSO reaching nearly 49,000 barrels per day by the end of 2019 [3] - By September 2025, Exxon was lifting over 850,000 barrels daily from the Stabroek Block, with four active FPSOs having a combined capacity of 900,000 barrels per day [3] Group 2: Production and Financial Performance - Record production from both Permian and Guyana assets resulted in a 4% increase in overall hydrocarbon output for Q3 2025, totaling 4.8 million barrels of oil equivalent [4] - Total production for the first nine months of 2025 rose by 10% year over year, averaging 4.7 million barrels per day [4] - Despite production growth, upstream earnings fell, with Q3 2025 earnings down 7.8% year on year to $5.7 billion, and year-to-date earnings dropping 5.6% to $17.8 billion [5] - The earnings per share for Q3 2025 was $1.76, an 8.3% decrease, while year-to-date earnings per share fell 16% to $5.16, attributed to a 13% decline in Brent oil prices [5] - Exxon increased its quarterly dividend by 4% to $1.03 per share, resulting in a 2025 dividend payment of $4 and a yield of 3.5% [5]

Group 1 - Exxon Mobil Corporation has commenced production at the Yellowtail development in the Stabroek Block, offshore Guyana, with the One Guyana FPSO contributing to a total capacity exceeding 900,000 barrels of oil per day [1][9] - The One Guyana FPSO, the largest in the Stabroek Block, has a production capacity of approximately 250,000 barrels per day and can store up to 2 million barrels of crude [2] - The start of production from the fourth FPSO is a significant milestone for ExxonMobil and its partners, moving closer to a target production capacity of 1.7 million barrels of oil equivalent per day by 2030 [4] Group 2 - The Stabroek Block is operated by a consortium including ExxonMobil, Hess Corporation, and China's CNOOC, with Chevron Corporation now having access to its vast reserves following the acquisition of Hess [3] - The crude oil produced from the One Guyana FPSO will be marketed as "Golden Arrowhead" crude [3] - The Stabroek Block has become one of the most prolific hydrocarbon-producing regions in Latin America, significantly enhancing profits for ExxonMobil and its partners [4]