Exxon Mobil generates significant profits from its massive oil discovery in the Stabroek Block off Guyana’s coast. This project represents one of the most substantial oil finds in a generation.
The Guyana operations and a large position in the Permian Basin drive the company's strong stock performance. These assets underpin the current bullish outlook for Exxon Mobil shares.
The Hammerhead project within the Stabroek Block should come online in late 2026. This new development will further increase production and profitability.