ExxonMobil has engaged Shearwater Geoservices to conduct a large-scale 3D seismic survey covering approximately 15,000 square kilometers of deepwater acreage offshore Trinidad and Tobago. The contract, valued at over 100 million dollars, will employ state-of-the-art broadband seismic acquisition techniques designed to image subsurface structures down to depths of 10 kilometers. Data collection is scheduled to begin in the second quarter and span 18 months, supporting prospect maturation for ultra-deep oil and gas targets estimated to hold several billion barrels of recoverable hydrocarbons.

ExxonMobil has increased its quarterly dividend by 4.0% to 1.03 dollars per share, representing an annualized payout of 4.12 dollars and yielding roughly 3.2%. This marks the company’s 40th consecutive year of dividend growth, supported by a conservative balance sheet (debt-to-equity ratio of 0.12) and a portfolio of low-cost assets. Over the past 12 months, ExxonMobil returned more than 15 billion dollars to shareholders through dividends and share repurchases, maintaining a payout ratio near 60% and underscoring management’s commitment to capital discipline across commodity price cycles.

In its latest SEC filing, Campbell & CO Investment Adviser LLC disclosed the acquisition of 15,166 shares of ExxonMobil stock for approximately 1.71 million dollars during the third quarter. This build follows incremental increases by other major funds: Vanguard Group lifted its stake by 0.3% to 431 million shares (valued at 46.5 billion dollars), Geode Capital Management added 0.4% to reach 96.3 million shares (10.3 billion dollars), and Norges Bank initiated a new position worth 6.2 billion dollars. Collectively, institutional ownership now represents 61.8% of the company’s outstanding shares, reflecting broad confidence in the company’s long-term cash flow profile.