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, to fund new energies for the transition. 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 low-breakeven, low-emission 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
-
Value creation
- Guyana continues to dominate conventional exploration value creation
- Guyana aside, high-impact strategy brings volume but sparse value
- Legacy exploration depresses value creation
Tables and charts
This report includes the following images and tables:
- ExxonMobil's current acreage - top 15 countries (top 5 show '000 km2)
- Net exploration and appraisal wells by country
- Exploration & appraisal spend and reinvestment
- Exploration success rates
- Largest 10 conventional discoveries (net, 2014 to 2023)
- Volumes discovered by year
- Volumes discovered by water depth
- Volumes discovered by country
- Volumes discovered by basin
- Production from new field discoveries, and as a proportion of all future production
- Discovery, development and operating costs for commercial and viable resources
- Full-cycle economics
- 5 more item(s)...
What's included
This report contains:
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