ExxonMobil and Chevron Are Greenlighting a $6.8 Billion Project to Fuel More Growth in 2029

ExxonMobil (NYSE: XOM) and its partners, which now include Chevron (NYSE: CVX), have approved the Hammerhead project offshore Guyana. The companies expect to invest $6.8 billion in developing the offshore oil project, which should start producing in 2029.Here's a closer look at how the Hammerhead project will strengthen ExxonMobil's and Chevron's ability to grow their production, free cash flow, and shareholder returns in the coming years.Image source: Getty Images.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool