Deals Counterparts

ExxonMobil (operator), CNOOC

company 1 Deal 1 Partner

Global oil and gas major engaged in exploration, production, refining, chemicals, and power generation. Operates extensive energy infrastructure worldwide, with a growing focus on lower-emission solutions like carbon capture and hydrogen.

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Founded 1999 62,000 employees
Oil & Gas MajorOperatorDeveloperInvestorOfftaker

Strategic Overview

  • ExxonMobil is a key operator in major global oil and gas developments, notably the Stabroek Block in Guyana, where CNOOC is a significant partner.
  • The company is strategically expanding its low-carbon solutions business, focusing on carbon capture, utilization, and storage (CCUS), hydrogen, and biofuels.
  • Significant investments are directed towards increasing production in high-value assets like the Permian Basin and offshore Guyana.
  • ExxonMobil leverages its integrated business model to optimize value across its upstream, downstream, and chemical operations.

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Deal Activity from Public Sources

Final Investment Decision (FID) for the Uaru oil project in the Stabroek Block offshore Guyana, in partnership with Hess and CNOOC.
Development Oil & Gas (Upstream) Guyana April 2024 with Hess, CNOOC
Acquisition of Denbury Inc., a company specializing in carbon capture, utilization, and storage (CCUS) and enhanced oil recovery (EOR).
Acquisition Carbon Capture, Pipelines USA November 2023 with Denbury Inc.
Signed a long-term agreement to purchase 1 million tonnes per annum (MTPA) of liquefied natural gas (LNG) from Venture Global's CP2 LNG facility.
Offtake LNG USA December 2023 1 MTPA with Venture Global LNG
Final Investment Decision (FID) for a large-scale carbon capture and storage (CCS) project at its Baytown, Texas, facility.
Development Carbon Capture USA August 2023

Investment Focus

Technologies
Oil & Gas Exploration & Production1
Geography
Guyana1

Key People

Darren W. Woods
Chairman and Chief Executive Officer
Kathy Mikells
Senior Vice President and Chief Financial Officer

Track Record

25
Years Active
Notable projects: Guyana Stabroek Block Development, Permian Basin Development, PNG LNG Project, Gorgon LNG Project

Detailed Analysis

Technologies
Oil & Gas (Upstream)Oil & Gas (Midstream)Oil & Gas (Downstream)LNGCarbon CaptureHydrogenBiofuelsPipelinesOffshore Platforms
Sectors
UtilitiesEnergy Transition
Geographies
North AmericaLatin AmericaWestern EuropeAfricaMiddle EastAsia PacificAustralia/NZ
Deal Stage
GreenfieldBrownfieldOperating

Subsidiaries

ExxonMobil Chemical CompanyXTO EnergyImperial Oil

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