ExxonMobil Stock News

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ExxonMobil, operator of the offshore Guyana Stabroek consortium with partners Chevron and CNOOC, announced the startup of its fourth deepwater project, Yellowtail on Friday. With production capacity of 250,000 barrels of oil per day (bpd), Yellowtail raises total Stabroek capacity to 900,000 bpd faster than anyone had expected just a year ago.

An Exxon Mobil-led consortium began production at a fourth floating production, storage and offloading vessel at the Stabroek Block in Guyana on Friday, bringing total capacity from the oilfield to over 900,000 barrels of oil per day, Exxon said.

SPRING, Texas--(BUSINESS WIRE)--ExxonMobil Guyana started production today at Yellowtail, the fourth oil development in Guyana's offshore Stabroek block. Yellowtail's ONE GUYANA floating production storage and offloading (FPSO) vessel joins the Destiny, Unity, and Prosperity FPSOs, bringing total installed capacity in Guyana to above 900,000 barrels of oil per day.  “Yellowtail's ahead-of-sched...

Exxon Mobil delivered strong Q2 earnings, driven by lower, yet robust petroleum prices and a growing production base, with support from the Permian Basin. XOM generated significant free cash flow, enabling aggressive share buybacks, making it a top capital return play. The oil and gas company is set to raise its dividend later this year, adding to its appeal as a dividend growth investment.

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ExxonMobil's strong Q2 2025 results, solid fundamentals, and bullish technical setup signal that any dip could offer a compelling long-term buying opportunity.