Exxon Mobil Partners with Shearwater for 6,000 km² Seismic Survey Offshore Trinidad
Written by Emily J. Thompson, Senior Investment Analyst
Source: NASDAQ.COM
- Deepwater Exploration Partnership: Exxon Mobil has partnered with Shearwater Geoservices to conduct a 3D seismic survey covering 6,000 square kilometers, aiming to generate detailed seismic images that will enhance exploration efficiency by identifying oil and gas reservoirs.
- Contract Signing Context: In August 2025, Exxon signed a production-sharing contract with the Trinidad and Tobago government, merging seven deepwater blocks into one, which streamlines management processes and enhances resource development efficiency.
- Experience Leverage: Exxon plans to leverage its successful experience in neighboring Guyana to accelerate exploration in Trinidad, utilizing the established energy infrastructure to potentially shorten development timelines and reduce costs.
- Market Outlook: By integrating existing infrastructures in Trinidad and Guyana, Exxon Mobil is positioned to achieve cost synergies, further solidifying its growth potential in the Caribbean and strengthening its global upstream portfolio.
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Analyst Views on XOM
Wall Street analysts forecast XOM stock price to fall over the next 12 months. According to Wall Street analysts, the average 1-year price target for XOM is 132.17 USD with a low forecast of 114.00 USD and a high forecast of 158.00 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.
19 Analyst Rating
12 Buy
7 Hold
0 Sell
Moderate Buy
Current: 137.580
Low
114.00
Averages
132.17
High
158.00
Current: 137.580
Low
114.00
Averages
132.17
High
158.00
About XOM
Exxon Mobil Corporation is an energy provider and chemical manufacturer. The Company’s principal business involves exploration for, and production of, crude oil and natural gas; the manufacture, trade, transport and sale of crude oil, natural gas, petroleum products, petrochemicals and a wide variety of specialty products; and pursuit of lower-emission and other new business opportunities, including carbon capture and storage, hydrogen, lower-emission fuels, Proxxima systems, carbon materials, and lithium. Its Upstream segment explores for and produces crude oil and natural gas. The Energy Products, Chemical Products, and Specialty Products segments manufacture and sell petroleum products and petrochemicals. Energy Products segment includes fuels, aromatics, and catalysts and licensing. Chemical Products segment consists of olefins, polyolefins, and intermediates. Specialty Products segment includes finished lubricants, basestocks and waxes, synthetics, and elastomers and resins.
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.
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