Core Insights - Exxon Mobil Corporation (XOM) has made a significant oil discovery of nearly 11 billion barrels offshore Guyana, marking the largest find globally in the last 15 years [2][6] - The company is currently operating three projects in Guyana, producing approximately 650,000 barrels per day, with plans to have eight projects online by 2030, targeting a total production of 1.7 million barrels of oil equivalent per day [2][6] - In the Permian Basin, XOM is utilizing advanced technology to enhance oil recovery, aiming for a production increase from 1.6 million barrels of oil equivalent per day to 2.3 million by the end of the decade [3][6] Company Performance - XOM's stock has seen a decline of 1.2% over the past year, contrasting with a 2.9% increase in the broader industry [5] - The company's current valuation stands at a trailing 12-month enterprise value to EBITDA (EV/EBITDA) ratio of 6.98, which is higher than the industry average of 4.29 [7] - The Zacks Consensus Estimate for XOM's earnings in 2025 has been revised upward in the past week, indicating positive sentiment among analysts [8]

Angola’s oil production fell below the million-barrels-a-day level for the first time since it quit OPEC two years ago https://t.co/e3QZEEtIEU ...

Norway’s monthly oil production jumped to the highest in over a decade last month, following the ramp-up of Equinor ASA's new Johan Castberg field in the Barents Sea https://t.co/oVZZOJpc20 ...

The US is going to pump even less oil in 2026 that previously estimated, as lower prices sends production down from this year’s record levels https://t.co/Y9meCpQRav ...

America’s shale revolution turned it into the world’s largest oil producer. But the country’s shale fields are now ageing. The next chapter in the growth of the global oil industry may take place to its south https://t.co/86r0qItej2 ...

We are in Berlin, a city of 1.3% million near the mount of the Amazon. It's also where the national oil company Petro plans to launch a major offshore exploration campaign. This contrast shows just how hard it will be for the world to give up on fossil fuels.Brazil is a major oil producer and exporter. It pumps more than the United Arab Emirates, but Brazil's oil boom is set to expire. production will peak in the next few years and start to decline in the beginning of the 2030s.Brazil and the world need to ...

OPEC+ left oil traders with a cliffhanger over the weekend, signaling its next move is undecided after a series of bumper production increases came to a closeAlex Morgan explains https://t.co/GRG0CbW6vs https://t.co/BU8rh695rB ...

OPEC+ agreed on another bumper oil production increase for September, completing its current tranche of supply revival one year early https://t.co/ZeaNCnG3pg ...

All right. Let's take a look back at this day in history. July 28th, 1977 11:02 p.m. If you want to be precise. That's when oil pump from Prudhoe Bay on the North Slope of Alaska completed an 800 mile journey through a new pipeline connecting export terminals on the state's southern coast.It was a slow journey that took 38 days, but one that would transform the U.S. oil sector over the next 48 years. Prudhoe Bay was the largest oil field in North America, but the ice caps over the Arctic, it prevented conta ...

Venezuela’s oil output has been more resilient than expected since the US forced Chevron to wind down operations in the country, with a last-minute shopping spree for a key production supply helping cushion the blow https://t.co/pzzA0SF5WE ...