Exxon Mobil Guyana Kicks Off Yellowtail Production, Lifting Block Capacity Above 900,000 Barrels Per Day
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 08 2025
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Source: Benzinga
ExxonMobil's New Production Milestone: ExxonMobil Guyana has commenced production at the Yellowtail development in the Stabroek block, with the ONE GUYANA FPSO vessel expected to average 250,000 barrels of oil per day, contributing to a total capacity exceeding 900,000 barrels per day.
Future Growth Plans: By 2030, ExxonMobil aims to increase production to 1.7 million oil-equivalent barrels per day from eight deepwater projects, emphasizing local workforce engagement and partnerships in the region.
Analyst Views on GXPE
Wall Street analysts forecast GXPE stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for GXPE is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
