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.

Engineers want to carve through Africa with a giant canal to bring water from the world’s second-largest river to a dying lake on the edge of the Sahara Desert that has already lost 90% of its water.

Workers were opening a modern road in Dover when they found, 6 meters below the asphalt, a 3,500-year-old boat made of stitched oak and plant fibers.

A giant brown band visible from space, approximately 8,850 kilometers long, connected Africa to America in the Atlantic Ocean, and satellites revealed that it is neither land nor pollution, but the largest accumulation of seaweed in the world, which broke records in 2025.

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