ExxonMobil has contracted Shearwater Geoservices to conduct an extensive 3D seismic survey in deepwater blocks offshore Trinidad and Tobago. The project covers approximately 15,000 square kilometers of unexplored acreage in water depths ranging from 1,500 to 2,500 meters. Data acquisition is scheduled to begin in Q3 2026 and run through early 2027, with processing and interpretation to follow in mid-2027. This survey is designed to de-risk potential hydrocarbon prospects and support a multi-year exploration campaign targeting several high-impact leads mapped along the Columbus Basin and adjacent deepwater fairways.

In its latest quarterly report, ExxonMobil raised its dividend by $0.04 to $1.03 per share, representing an annualized payout of $4.12 and a yield of 3.2%. The company generated revenue of $83.33 billion and delivered EPS of $1.88, outperforming consensus estimates by $0.16. Return on equity stood at 11.22% and net margin at 8.99%, while the debt-to-equity ratio remained low at 0.12. ExxonMobil’s Board authorized an additional $10 billion share buyback program through year-end 2026, reinforcing capital returns supported by its low leverage and premium asset base across upstream, midstream and downstream operations.