ExxonMobil's Yellowtail Project Drives $1.54B Trading Volume Rank 50 as Guyana Output Surges

ExxonMobil’s stock rose 0.80% on August 8, 2025, with a trading volume of $1.54 billion, ranking 50th in daily market activity. The company announced the commencement of production at its Yellowtail project in Guyana’s Stabroek block, marking the fourth floating production development in the region. The project’s ONE GUYANA FPSO vessel has an initial annual output of 250,000 barrels of oil per day and a storage capacity of two million barrels. This addition elevates Guyana’s total installed capacity to over 900,000 barrels per day, with oil marketed under the Golden Arrowhead crude brand.

ExxonMobil emphasized the project’s early completion, four months ahead of schedule, underscoring its efficient execution capabilities. The company aims to expand production to 1.7 million oil-equivalent barrels per day by 2030 through eight developments. Over the past five years, ExxonMobil has successfully launched four major offshore projects under budget, while planning four additional initiatives by 2030. The Stabroek block is operated by ExxonMobil Guyana Limited, which holds a 45% interest, with Hess Guyana and CNOOC Petroleum Guyana owning 30% and 25%, respectively.

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