Gas, Market and Papua New Guinea

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Papua New Guinea

ExxonMobil evaluating significant near-term capital and operating expense reductions; COVID-19

Green Car Congress

MARCH 17, 2020

ExxonMobil is looking to reduce spending significantly as a result of market conditions caused by the COVID-19 pandemic and commodity price decreases. Woods said that ExxonMobil has faced numerous market downturns throughout its long history and has experience operating in a sustained low-price environment.

Papua New Guinea

Papua New Guinea Guyana Guinea Mozambique

ExxonMobil adds 2.7B barrels oil equivalent to reserves; replaces 183% of 2017 production

Green Car Congress

FEBRUARY 9, 2018

billion oil-equivalent barrels of proved oil and gas reserves in 2017, replacing 183% of production. In Mozambique, ExxonMobil acquired a 25% indirect interest in Area 4, which contains an estimated 85 trillion gross cubic feet of natural gas in-place. Exxon Mobil Corporation added 2.7 ExxonMobil’s proved reserves totaled 21.2

2017

2017 Papua New Guinea Oil Guyana

EV Driven

ExxonMobil evaluating significant near-term capital and operating expense reductions; COVID-19

ExxonMobil adds 2.7B barrels oil equivalent to reserves; replaces 183% of 2017 production

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