ExxonMobil Tag

ExxonMobil has found further oil reserves in the Payara reservoir off the coast of Guyana, increasing the total Payara discovery to around 500 million barrels of oil-equivalent. The well was found in the Stabroek Block, about 210km offshore Guyana, with the successful drill results increasing the...

Credit rating agency S&P Global has cut its outlook on ExxonMobil (NYSE:XOM) to negative, warning that it may downgrade the oil major’s double-A plus rating over the next two years. This latest blow comes after S&P stripped Exxon of its long-held triple-A rating, as the US...