Exxon Says Its 11B Barrels Of Recoverable Oil And Gas Reserves In Guyana Remains The Same; Awaiting Guyana's Energy Ministry Decision Over Award Of Block S8
Portfolio Pulse from Benzinga Newsdesk
ExxonMobil has confirmed that its estimated 11 billion barrels of recoverable oil and gas reserves in Guyana remain unchanged. The company is currently awaiting a decision from Guyana's Energy Ministry regarding the award of Block S8.
April 30, 2024 | 3:14 pm
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ExxonMobil's confirmation of its 11 billion barrels of recoverable reserves in Guyana and the pending decision on Block S8 could influence investor sentiment.
The confirmation of ExxonMobil's significant recoverable reserves in Guyana underscores the company's strong position in the region. The pending decision on Block S8 represents a potential for further expansion and growth in ExxonMobil's operations, which could positively impact the company's stock price in the short term as investors may view this as an opportunity for increased production and revenue.
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