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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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.

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.

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

While an average building in London or New York takes three years to be completed, in China a 26-story tower went up in five days with about 100 workers, and the global modular construction market already moves US$ 95 billion per year.

Australia installs giant concrete structures on the seabed 800 meters from the shore to create an ocean intake for desalination that will draw in saltwater and produce 30 million liters of drinking water per day.

While a traditional school may take several days just to raise walls, in Malawi a 3D-printed school had its structure ready in 18 hours, welcomed children in June, and showed a new solution to the lack of classrooms.

Goodbye traditional washing machine: Panasonic surprises housewives with the NA-G5 featuring four drums, a 13 kg washer and dryer, a 12 kg dryer, independent mini washers, a heat pump, and a 4-in-1 system awarded at the German Design Award.

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Jeep registers an unprecedented car in Brazil with a range of over 800 km, a 1.6 turbo hybrid engine with 213 hp, Stellantis’ new global platform, larger than the Compass, and acceleration from 0 to 96 km/h in 8.3 seconds.

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