American oil firm ExxonMobil is seeking to acquire more acreage offshore Guyana and a top executive has reiterated that the plan for production is “probably early into the next decade at this point.”
In a quarterly earnings call with analysts yesterday, ExxonMobil’s Vice President, Investor Relations and Secretary Jeffrey J. Woodbury reported that the firm’s quarterly profit fell nearly 60 percent from a year ago as commodity prices remained low and its refining margins were weak. Exxon earned US$1.7 billion in the second quarter of this year compared with