NYSE:XOMOil and Gas
Exxon Mobil’s Guyana Oil Growth Puts Governance And ESG Risks In Focus
Exxon Mobil is expanding oil production in Guyana's Stabroek Block, with output targeted to exceed 1 million barrels per day by the end of 2026.
Chairman Darren Woods has called Venezuela "not investable," which has increased the company's focus on Guyana amid rising territorial tensions involving Venezuela and Suriname.
Environmental, social, and governance concerns around rapid development, local poverty, and corruption risks are drawing closer scrutiny from stakeholders.
Recent...