Exxon Guyana accelerations + supplier momentum: Stabroek record 926k bpd + Hunting $63.5M FPSO order + GTE delays
Key Questions
What is the current production at Stabroek block in Guyana?
Stabroek reached a record 926k bpd in Feb 2026, up 31% YoY, targeting 1.1M bpd late 2026 with Uaru. Output eased slightly from January but remains strong.
What recent contracts support Guyana's growth?
Hunting secured $63.5M for stress joints in FPSO equipment, building on prior orders. Hammerhead, Longtail, and Haimara eye FIDs in early 2026.
What are the updates on Guyana FPSO projects?
ExxonMobil advances FPSO additions like Yellowtail at highs, with Longtail win for SBM Offshore. Haimara anchors ninth offshore development.
What delays affect Guyana's Gas-to-Energy project?
GTE faces 2027 delays and $82M arbitration. This ongoing saga involves planning issues and billions in costs.
How do Permian and Guyana assets impact XOM's production?
Combined, they target 5M boe/d by Q4 2025, generating $52B cash flow. Guyana's boom boosts energy security in Americas.
What is Hunting's role in Guyana subsea?
Hunting expands subsea with $125M order book, including $63.5M Guyana order. Momentum in Guyana and Black Sea strengthens its play.
How does Guyana contribute to XOM's growth engine?
Advantaged upstream assets like Guyana drive output growth. Ongoing drilling at Hammerhead with Noble Don Taylor supports expansion.
What is the outlook for XOM's earnings from Guyana-Permian?
Guyana-Permian fuels 21% earnings growth, with 24 P/E potentially discounting upside. Geopolitical strain and rising output support $168 valuation.
Stabroek +31%YoY 926k Feb'26->1.1M late'26(Uaru); Hunting $63.5M stress joints + prior; Hammerhead/Longtail/Haimara FIDs e26; GTE 2027 delays/$82M arb; Permian/Guyana 5M boe/d Q4'25 $52B CF; Yellowtail highs.