ExxonMobil CEO says company intends to grow natural gas portfolio
XOM•ExxonMobil plans to grow its natural gas portfolio and seek more opportunities. It expects mechanical completion of Golden Pass LNG Train 3 in mid-2027 and commissioning of Train 2 after substantial completion in December.
1. Project and production updates
ExxonMobil expects to begin commissioning Golden Pass LNG Train 2 after it is substantially completed in December, and expects mechanical completion of Train 3 in mid-2027. The company said global refining capacity could begin recovering next year, though the recovery may take longer. It is not in a rush to commit to new investments in Venezuela, and said UAE production has returned to levels consistent with historical output while sales realization is delayed by constraints.
