Guyana (Stabroek block)
Production above 700,000 barrels per day gross in 2025, with a fifth FPSO sailing for 4Q26 startup.
The numbers
What it is
ExxonMobil operates the Stabroek block offshore Guyana with partners, producing through floating production, storage and offloading vessels (FPSOs). Each new FPSO adds capacity in steps.
Why it matters to the stock. Stabroek is one of the largest deepwater growth assets in the industry. Each FPSO start-up is a discrete, datable production step that moves company volume and cash flow.
News
Stabroek block in Guyana passes 1 billion barrels of cumulative output
ExxonMobil said its partners have produced 1 billion barrels of oil from the Stabroek block, less than seven years after first production in December 2019.
Fifth Guyana FPSO Errea Wittu reaches Guyanese waters
The Errea Wittu, the fifth floating production vessel for ExxonMobil's Uaru project offshore Guyana, was reported in Guyanese waters on August 20, based on vessel-tracking data.
ExxonMobil reports $14.5 billion Q2 profit, $3.48 per share, record Permian output
ExxonMobil reported second-quarter 2026 GAAP net income of $14.5 billion, or $3.48 per share, and adjusted earnings of $14.7 billion, or $3.52 per share, against $4.2 billion in the first quarter.
Guyana output sets a quarterly record above 900,000 barrels a day
ExxonMobil said Guyana set a new quarterly production record of more than 900,000 gross barrels of oil per day in the first quarter of 2026.