Company Report
ExxonMobil oil and gas exploration summary
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*Please note that this report only includes an Excel data file if this is indicated in "What's included" below
Report summary
ExxonMobil has crafted a strategy that is adaptable to a range of scenarios and that plays to its competitive strengths. Low-carbon themes have grown in importance although oil and gas remain at the core. Growth engines are primarily low-breakeven oil opportunities in Guyana, Permian tight oil and LNG. Exploration plays a more prominent role in the company’s growth and high-grading strategy relative to peers, focused on advantaged opportunities that are easy to get to market.
Table of contents
- Exploration strategy
- Results summary
- Current portfolio and exploration outlook
- Production and potential cost of production
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Value creation
- Guyana continues to dominate conventional exploration value creation
- East Med gas delivers through Block 10 joint development
- Outside Guyana, high-impact strategy brings volume but limited value
- Legacy exploration depresses value creation
Tables and charts
This report includes the following images and tables:
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ExxonMobil's current acreage - top 15 countries (top 5 show '000 km2).Net exploration and appraisal wells by countryExploration & appraisal spend and reinvestment
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Exploration success ratesLargest 10 conventional discoveries (net, 2016 to 2025)Volumes discovered by yearVolumes discovered by water depthVolumes discovered by countryVolumes discovered by basinProduction from new field discoveries, and as a proportion of all future productionDiscovery, development and operating costs for commercial and viable resourcesFull-cycle economics
- 5 more item(s)...
What's included
This report contains:
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