ExxonMobil has contracted Shearwater Geoservices to conduct a 3D seismic survey covering approximately 10,000 square kilometers of deepwater blocks off Trinidad and Tobago. The multi‐vessel acquisition campaign is scheduled to commence in Q2 and run through Q4, gathering high‐resolution subsurface data to de‐risk prospective horizons in the Columbus and Orinoco basins. The survey will employ broadband source technology to image targets at depths below 3,500 meters, supporting the company’s strategy to expand its deepwater exploration portfolio in the southern Caribbean region.

Over the past five years, ExxonMobil has increased its annual dividend by 42% while executing $87 billion in share repurchases. The company ended Q3 with net debt of $38 billion, representing a debt‐to‐capital ratio of 12%, and generated $18.5 billion of free cash flow in the first nine months. Management has reiterated a target to return at least 30% of free cash flow to shareholders each quarter. Analysts note that a 4.1% annualized dividend yield and buyback program can continue even if oil prices retrace toward $60 per barrel, given ExxonMobil’s asset base breakeven of $40 per barrel and refining margins above $9 per barrel.

In the third quarter, Campbell & CO Investment Adviser LLC acquired 15,166 shares of ExxonMobil, representing an investment of approximately $1.71 million. This purchase marks the firm’s first disclosed holding in the company, joining other large institutional shareholders such as Vanguard Group—now holding over 431 million shares—and Norges Bank, which initiated a stake valued at $6.16 billion in the period. Overall, institutional ownership accounts for 61.8% of ExxonMobil’s outstanding shares, underscoring continued confidence from the fund management community in the integrated energy major’s long‐term cash generation profile.