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ExxonMobil’s Upstream Portfolio Is Slated for Long-Term Growth

Michelle Rey
ExxonMobil’s Upstream Portfolio Is Slated for Long-Term Growth

ExxonMobil’s (XOM) hydrocarbon production is all set for long-term growth with its promising upstream project pipeline. The key assets expected to bring growth include deep-water assets in Guyana and Brazil, shale and tight assets in the United States, and LNG (liquefied natural gas) assets in Papua New Guinea and Mozambique. Like in Guyana, XOM has had nine discoveries, which now represent 4.0 billion boe (barrels of oil equivalent) worth of estimated recoverable resources.