Exxon Mobil (NYSE: XOM) is a major oil producer, the second-largest publicly traded one in the world after the now public Saudi Aramco (ARMCO). As one of the largest producers, the world takes notice when the company succeeds, as it has recently in offshore Guyana. Here, the company arrived in an area where no one had previously found significant oil and found what is currently estimated at more than 6 billion barrels of oil.
This is despite the company only investigating a small portion of its potential plays here. I recommend reading more about the company’s Guyana assets in my previous article here. The point of this article is to discuss a recent article Kaieteur News Online has published, discussing how Exxon Mobil seems to be hiding the size of its Guyana gas finds and what that could mean for the company and investors.
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