ExxonMobil has contracted Shearwater Geoservices to conduct a state-of-the-art 3D seismic survey covering approximately 20,000 square kilometers in deepwater blocks off the east coast of Trinidad and Tobago. The multi-client survey, to be executed by the Seabed Constructor vessel equipped with eight 6,000-meter streamers, will support reservoir characterization ahead of planned exploration drilling in 2027. Data acquisition is scheduled to begin in Q3 2026 and conclude by year-end, with initial processing deliverables expected in Q1 2027. This investment underscores ExxonMobil’s commitment to replenishing its upstream portfolio in a region where it operates three producing offshore platforms generating over 200,000 barrels of oil equivalent per day (boepd).

ExxonMobil has maintained its streak of annual dividend increases for 41 consecutive years, distributing over $90 billion in dividends since 2019. In the first nine months of 2025, the company repurchased $20 billion of its own shares, bringing total buybacks since 2020 to $75 billion. These returns are supported by cash flow from low-cost legacy assets such as the Permian Basin (producing 1.3 million boepd) and Guyana (gross production nearing 600,000 boepd). With a net debt-to-capital ratio of 18%, ExxonMobil’s strong balance sheet and capital discipline allow it to sustain capital expenditures of $25–30 billion annually while preserving an investment-grade credit rating.