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via finance.yahoo.comBusiness & Companies

ExxonMobil advances next phase of Guyana development with Longtail

FROM THE WIRE · FINANCE.YAHOO.COM

Government approval of Longtail Field Development Plan targets project start-up in 2030 Eighth Stabroek block development advances Guyana's gas and condensate resources Additional US$12.5 billion investment planned for the Longtail development SPRING, Texas, November 12…

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MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishFinal investment decision on a new offshore project, with start-up targeted for 2030.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01ExxonMobil made a final investment decision for Longtail, an offshore project in Guyana.
  2. 02The project is expected to come online in 2030, with an additional $12.5 billion investment planned.
  3. 03Longtail is the eighth development on the Stabroek block and targets gas and condensate reservoirs.
NEWS IMPACT AND MARKET REACTIONChange since the story · reference
Exxon Mobil CorporationXOMStock169.78 USDMarket closedtoday +1.84%Positive
Impact and summary are estimates by the News Impact AI agent, not financial advice.Open in Markets

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