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.

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

Reserves additions reflect new developments as well as revisions and extensions of existing fields resulting from drilling, studies and analysis of reservoir performance. Three new discoveries offshore Guyana in 2017 also contributed to the by-the-bit resource additions. million gross acres currently held offshore.

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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