The American ExxonMobil will invest this and next year to 65 billion dollars in, among other things, the search and production of oil and gas, the construction of factories and the expansion of refineries and pipelines. This was reported by the oil company on Wednesday before an investor day.

One of the priorities when it comes to investments is Guyana, where ExxonMobil is working on a large offshore project. Maritime service provider SBM Offshore is currently working on the construction of a production and storage vessel for ExxonMobil for the oil field Liza near Guyana. ExxonMobil is also working on deepwater projects off the coast of Brazil. The company also wants to increase its production from shale fields in the United States, mainly in the oil and gas-rich area of Permian Basin.

The profits should grow by more than 4 billion dollars over the next two years, with an annual cash flow increase of more than 6 percent, according to the Texas company. Furthermore, ExxonMobil reported that it expects to divest $ 15 billion worth of assets in the period up to 2021.

Load More Related Articles
Load More By WeeklyNews staff
Load More In Business

Leave a Reply

Your email address will not be published. Required fields are marked *

Check Also

Europe puts pressure on Switzerland to adopt the prohibition on degassing for inland tankers while sailing

Minister (NL) Mark Harbers of infrastructure and Water Management is going to increase the…