ExxonMobil has awarded a contract to Shearwater Geoservices to acquire approximately 20,000 square kilometers of 3D seismic data in deepwater blocks offshore Trinidad & Tobago. The survey, which will deploy a fleet of four seismic vessels over a seven-month period, is intended to refine prospect identification in high‐potential subsalt plays and support drilling decisions targeted for late 2024. Industry sources estimate the survey contract value at over $150 million, reflecting ExxonMobil’s commitment to expanding its deepwater exploration portfolio in the Caribbean region.

During the third quarter, ExxonMobil increased its quarterly dividend to $1.03 per share, representing a 4.2% rise from the prior payout and an annualized distribution of $4.12 per share. The company’s debt-to-equity ratio stands at a conservative 0.12, while its current ratio of 1.14 and quick ratio of 0.79 signal ample liquidity to sustain capital returns. Last quarter’s revenue of $83.33 billion delivered net income margins of 8.99% and return on equity of 11.22%, underpinning management’s guidance to continue disciplined buybacks alongside dividend growth even in volatile oil markets.

The third-quarter filings with the SEC show that Campbell & CO Investment Adviser LLC initiated a new position in ExxonMobil with 15,166 shares valued at approximately $1.71 million. Meanwhile, Vanguard Group increased its holding by 0.3% to over 431 million shares, and Geode Capital Management added 0.4% to reach roughly 96 million shares. Norges Bank also entered a new stake valued at $6.16 billion. Collectively, these moves lifted institutional ownership to 61.8% of outstanding stock, reflecting growing confidence in ExxonMobil’s cash flow stability and long-term cash return strategy.