Guyana's Oil Boom Will Boost Energy Security in the Americas [Yahoo! Finance]
Exxon Mobil Corporation (XOM)
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Source: Yahoo! Finance
four years, the country of less than one million went from first discovery to first oil and is now lifting over 900,000 barrels per day. There are signs of significant production growth ahead. This is occurring at a crucial time for a world experiencing an energy crisis after oil spiked to well-over $110 per barrel after Iran closed the Strait of Hormuz in retaliation for U.S. and Israeli airstrikes. Guyana's oil boom is significantly reducing the Americas' traditional dependence on Middle East petroleum. By February 28, 2026, Guyana was lifting 926,550 barrels per day, securing the former British colony's place as South America's second largest oil producer behind Brazil and ahead of Venezuela. There is significant growth ahead for a country described by analysts as a major non-OPEC contributor to global oil supply growth. An ExxonMobil led consortium has made over 30 major discoveries in the prolific offshore 6.6-million-acre Stabroek Block, where the supermajor is the operator
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Earnings
- 1/30/26 - Beat
XOM
Sec Filings
- 3/31/26 - Form 8-K
- 3/27/26 - Form 424B2
- 3/26/26 - Form SCHEDULE
- XOM's page on the SEC website