Core Insights - ExxonMobil has successfully launched its fourth deepwater project, Yellowtail, which has a production capacity of 250,000 barrels of oil per day (bpd), increasing the total Stabroek capacity to 900,000 bpd, surpassing previous expectations [3][4] - The Yellowtail project is a significant milestone for ExxonMobil and reflects the company's commitment to long-term growth in Guyana, with over 67% of the oil-and-gas workforce being Guyanese and more than 2,000 local businesses involved [4] - The Stabroek operations are on track to reach a production capacity of 1.7 million bpd by 2030, positioning Guyana among the top 15 oil-producing nations globally [4] Company Operations - ExxonMobil operates the Stabroek consortium with a 45% working interest, while CNOOC holds 25% and Chevron owns 30% following a successful arbitration case [6] - The Yellowtail operations utilize the ONE GUYANA floating production, storage, and offloading (FPSO) vessel, which has a storage capacity of 2 million barrels and an initial production capacity of 250,000 bpd [7] Economic Impact - Guyana has become the fastest-growing economy globally since 2020, with the government generating $6.2 billion in revenues by the end of 2024, and projections indicate revenues could reach $10 billion annually by 2030 [8][9] - Cumulative investments by the consortium partners in Guyana have reached $55 billion, with expectations for continued growth as the project expands [9]