Exxon Mobil raises Guyana production target, shares trade steadily on NYSE
22.06.2026 - 22:23:38 | ad-hoc-news.de
By Thomas Klein, Operations & Strategy desk. Reviewed prior to publication on 2026-06-22, 22:22.
Exxon Mobil Corp (US30231G1022) is pushing its long-term oil production ambitions higher in Guyana. The NYSE-listed energy major has submitted an updated development plan that supports a higher plateau output target for the Stabroek block, according to recent regulatory filings and company commentary.
What Exxon is changing in Guyana
The Stabroek block offshore Guyana remains a core growth engine for Exxon Mobil alongside peers such as Chevron and BP. Guyana’s environmental regulator has received new documents outlining a higher nameplate capacity for a future production vessel, which would lift Exxon's consolidated plateau output once online.
Exxon continues to operate Stabroek with a 45 percent interest, while Hess and CNOOC act as partners, with multiple floating production, storage and offloading (FPSO) units already in place or under construction. The updated plan supports Exxon's previously stated goal of ultimately exceeding 1 million barrels per day of gross production from Guyana in the early 2030s, though the timing remains dependent on project approvals.
Analyst views and consensus expectations
On Wall Street, Exxon Mobil is still rated a "Buy" on average, with a consensus 12-month price target around 169.73 US dollars per share, according to data aggregating several research houses. This implies upside versus where the shares trade today, though individual targets from banks such as Goldman Sachs or JPMorgan vary by methodology and oil price assumptions.
Recent commentary from US brokers highlights Guyana, U.S. shale and downstream margins as the key levers for Exxon's cash flow and shareholder distributions. Analysts also flag the integration of low-carbon projects, including carbon capture and storage agreements on the U.S. Gulf Coast, as a strategic differentiator over the coming decade.
All news and analysis on the Exxon Mobil shares
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How Exxon Mobil earns its money
Exxon Mobil generates revenue across upstream oil and gas production, downstream refining and marketing, and chemicals. Its upstream segment includes major projects such as the Guyana Stabroek block and U.S. Permian Basin operations, while the downstream network spans refineries and service stations worldwide.
Where the Exxon Mobil shares trade
The Exxon Mobil shares (US30231G1022) trade on the NYSE at around 138 US dollars as of 2026-06-22, 20:00, with a market capitalization close to 571 billion US dollars based on recent price data.
Key data on the Exxon Mobil shares
- Company: Exxon Mobil Corporation
- ISIN: US30231G1022
- WKN: 852549
- Ticker: XOM
- Trading venue: NYSE
- Price (as of 2026-06-22, 20:00): 138.00 USD
- Market cap: 571,000,000,000 USD (as of 2026-06-22)
- Sector / industry: Energy / Integrated Oil & Gas
- Index membership: S&P 500, Dow Jones Industrial Average
- Next earnings date: not officially scheduled
This article is for informational purposes only and does not constitute investment advice, a recommendation or an offer to buy or sell securities. Historical performance is not a reliable indicator of future results.
