ExxonMobil Announces Record Profit and Refutes Rumors of Ending Exploration Efforts in Brazil

Written by Bruno Teles

Published on 03/05/2023 at 15:59

Updated on 03/05/2023 at 16:00

FOTO: Exxon Mobil Corp.

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ExxonMobil, One of the Largest Energy Companies in the World, Refuted Rumors That It Would End Its Exploration Efforts in Brazil.

The head of the company in the country, Alberto Ferrin, denied this information during the Offshore Technology Conference in Houston, in early May 2023. According to Ferrin, the government, regulators, and exploration partners are aware of ExxonMobil’s continued operations in Brazil, which is seeking new exploration opportunities in the country.

With a success rate of 89% in Guyana, the company views Brazil as a prime location for its global exploration efforts, as factors such as good rocks, favorable commercial terms, fiscal stability, and technological advancements are conducive to its operations.

ExxonMobil Announced It Achieved Record Profits in the First Quarter of 2023, Reaching US$ 11.4 Billion, or US$ 2.79 per Share.

Despite including some unfavorable items related to additional European taxes on the energy sector, the company was able to meet its expectations for capital and exploration spending, which should be between US$ 23 billion and US$ 25 billion. These results were attributed to the growth of high-quality assets, improvements in the mix, and cost and execution efficiencies.

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Brazil is a strategic market for ExxonMobil, which has significant partnerships in the country. Among them is a partnership with Petrobras on an exploration project in the North of Carcará, a block of pre-salt Brazilian exploration in the Equinor-operated Carcará Norte, as well as an agreement to acquire blocks in the Santos Basin.

The Energy Company Has a Long History of Leadership in Technology and Innovation, Performing High-Risk Oil and Gas Operations and Engineering Worldwide.

With its ongoing presence in Brazil and its efforts to expand its operations in the country, ExxonMobil continues to solidify its position as one of the Top Companies in the Energy Sector.

Record profits and exploration efforts in Brazil demonstrate the company’s commitment to investing in markets that offer growth and expansion opportunities. ExxonMobil continues to expand its business globally, seeking new investment opportunities as they arise.

ExxonMobil Announces Record Profit and Refutes Rumors of Ending Exploration Efforts in Brazil

ExxonMobil, One of the Largest Energy Companies in the World, Refuted Rumors That It Would End Its Exploration Efforts in Brazil.

ExxonMobil Announced It Achieved Record Profits in the First Quarter of 2023, Reaching US$ 11.4 Billion, or US$ 2.79 per Share.

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

The Energy Company Has a Long History of Leadership in Technology and Innovation, Performing High-Risk Oil and Gas Operations and Engineering Worldwide.

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ExxonMobil Announces Record Profit and Refutes Rumors of Ending Exploration Efforts in Brazil

ExxonMobil, One of the Largest Energy Companies in the World, Refuted Rumors That It Would End Its Exploration Efforts in Brazil.

ExxonMobil Announced It Achieved Record Profits in the First Quarter of 2023, Reaching US$ 11.4 Billion, or US$ 2.79 per Share.

Major Oil, Gas, and Energy Event Will Take Place in Brazil: Macaé Energy Will Gather Petrobras, Equinor, Prio, Among Other Suppliers and Energy Executives for Business, Networking, and Employment Opportunities

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At just 14 years old, a boy creates a system without energy, using steel pipes buried in the ground, that irrigates seedlings with moisture from the air, to combat the water scarcity threatening reforestation in northern China.

Where there was only sand and wind at 40 degrees, China built a megacity of 500,000 inhabitants with farms, wineries, and universities in the middle of the desert using melted glacier water from hundreds of kilometers away.

At over 8,800 meters above sea level, the summit of Mount Everest is made up of rocks that originated at the bottom of an ocean about 500 million years ago and were pushed to the highest point on Earth by the collision of tectonic plates.

The German economist Wolf-Peter Schill has no doubts: “Electric cars are already far superior to cars with internal combustion engines.”

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