Exxon Mobil Gains 0.28% on $1.5B Volume 46th in Market Activity as Deepwater Deal in Trinidad Aims to Replicate Guyana Success

Exxon Mobil (XOM) rose 0.28% on August 12, 2025, with a trading volume of $1.5 billion, ranking 46th in market activity. The stock’s modest gain followed a major development in Trinidad and Tobago, where the energy giant secured a deepwater exploration deal. The company signed a production-sharing contract to explore a large offshore area, potentially replicating its success in Guyana’s Stabroek block. Energy Minister Roodal Moonilal highlighted the project’s scale, noting the awarded area exceeds Trinidad’s landmass.

Exxon’s initial exploration phase requires a $42 million investment for 3D seismic surveys and up to two wells, with drilling expected to begin in six months. The company holds 100% interest in the block and aims to leverage existing infrastructure in Trinidad to accelerate production if reserves are confirmed. This strategic move aligns with its broader focus on deepwater assets, where it has previously unlocked over 11 billion barrels of recoverable resources in Guyana. Trinidad’s government has pledged to review fiscal terms to attract further investment, emphasizing a policy of “investment goes where it is welcomed.”

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