ExxonMobil oil and gas exploration summary Report

Company Report 20 June 2025

This report is currently unavailable

Share link

First name
Last name
Job Title
Company
Email
Telephone

Country

Message

Consent

Please keep me informed about Wood Mackenzie products, services and events.

Submit Category

For details on how your data is used and stored, see our Privacy Notice.

- FAQs about online orders
- Find out more about subscriptions

*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.

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, 2015 to 2024)
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)...