Exxon makes oil discovery offshore Guyana

  • Exxon Mobil (XOM) announces another oil discovery offshore Guyana at the Uaru-2 well in the Stabroek Block.
  • Exxon, which operates the 6.6M-acre block in a consortium with Hess (HES) and CNOOC (CEO), does not specify how much the discovery will add to the previously announced gross discovered recoverable resource estimate of more than 9B barrels of oil and gas.
  • Exxon says drilling at Uaru-2 encountered 120 ft. of high quality oil bearing reservoirs including newly identified intervals below the original Uaru-1 discovery.
  • In January 2020, Uaru-1 was the consortium's 16th discovery in the Stabroek Block.
  • Exxon says it anticipates at least six Stabroek projects online by 2027 and sees potential for as many as 10 floating production storage and offloading vessels to develop its current recoverable resource balance.

    Expectations Exxon Mobil

    Tomorrow Exxon Mobil will publish its past quarters results. For this year Exxon Mobil 's revenue will be around 249.74 billion USD. This is according to the average of the analysts' estimates. This is hugely more than 2020's revenue of 178.57 billion USD.

    Historical revenues and results Exxon Mobil plus estimates 2020

    fundamantele data

    The analysts expect for 2021 a net profit of 13.47 billion USD. The majority of the analysts expects for this year a profit per share of 3.31 USD. Based on this the price/earnings-ratio is 17.04.

    Huge dividend Exxon Mobil

    Analysts expect a dividend of 3.48 USD per share. The dividend yield is then 6.17 percent. The average dividend yield of the oil & gas producers is a good 3.08 percent.

    Based on the current number of outstanding shares Exxon Mobil 's market capitalization is 238.84 billion USD. The Exxon Mobil stock was the past 12 months quite volatile. Since last April the stock is even 36 percent higher. This year the stock price moved between 31 and 63 dollar.

    Price data Exxon Mobil 2007-2021

    stock prices exxonmobil

    At 18.56 the stock trades 2.87 percent higher at 56.41 USD.

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