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Article Summary
- ExxonMobil has reached a significant milestone of producing 500 million barrels of crude oil in Guyana
- The company's operations in Guyana have been highly successful, with production starting in 2019
- ExxonMobil has invested heavily in Guyana's oil sector, with plans to ramp up production in the coming years
- The oil production in Guyana has boosted the country's economy and positioned it as a major player in the oil market
- ExxonMobil's success in Guyana highlights the potential for further growth and development in the region
- The tone of the article is positive and celebratory, highlighting ExxonMobil's achievement and the impact of its operations in Guyana.
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Exxon Hits 500 Million-Barrel Oil Milestone In Guyana
U.S. oil and gas giant, Exxon Mobil Corp. (NYSE:XOM) announced on Wednesday it has reached 500M barrels of oil produced from Guyana's offshore Stabroek block, just five years after it kicked off production at the location. The Exxon-led consortium which includes Hess Corp. (NYSE:HES) and China's Cnooc (OTCPK:CEOHF) have set a target to reach production of at least 1.3M bbl/day of oil by year-end 2...
https://oilprice.com/Energy/Crude-Oil/Exxon-Hits-5...
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