ExxonMobil expects full-year Permian production of roughly 1.8 million barrels per day
XOM•ExxonMobil expects full-year Permian production of roughly 1.8 million barrels per day, in line with guidance. It also expects its fifth Guyana FPSO to start up in late Q4 and anticipates about 350,000 barrels of oil equivalent per day in Middle East production to remain offline in Q4.
1. Production outlook
ExxonMobil expects full-year Permian production of roughly 1.8 million barrels per day, in line with guidance. The company said its fifth FPSO in Guyana will start up in late Q4.
2. Fourth-quarter outlook
ExxonMobil anticipates Middle East production impacts in Q4 in line with Q3, with about 350,000 barrels of oil equivalent per day remaining offline. It expects higher scheduled maintenance for Product Solutions than in Q3, with a corresponding impact on operating performance, and estimates Q4 corporate and financing expenses of $500 million to $700 million.
3. Investment and growth
The company expects full-year cash capital expenditures to remain within its planned range. It said Middle East production disruptions reduced year-to-date earnings by about $2.9 billion, and it sees about $25 billion in earnings growth and $35 billion in cash flow growth from 2024 to 2030.
