Oil, Papua New Guinea, Price and Sale

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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. million net acres.

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. billion oil-equivalent barrels at year-end 2017. During 2017, proved additions at Upper Zakum in Abu Dhabi totaled more than 800 million barrels of crude oil. Exxon Mobil Corporation added 2.7 Resource Base.

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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