Exxon Mobil Consortium's Crude Output In Guyana Down To Between 400,000 Barrels/Day And 500,000 Barrels/Day Between July 2 And 31
Portfolio Pulse from Benzinga Newsdesk
Exxon Mobil's consortium in Guyana has reported a decrease in crude oil output, with production levels dropping to between 400,000 and 500,000 barrels per day from July 2 to July 31, according to government data.
August 26, 2024 | 2:17 pm
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Exxon Mobil's crude oil production in Guyana has decreased to between 400,000 and 500,000 barrels per day in July, which could impact the company's revenue and stock price.
The decrease in crude output from Exxon Mobil's consortium in Guyana suggests a potential reduction in revenue from this operation. This could negatively impact the company's stock price in the short term as investors react to the lower production figures.
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