ExxonMobil Begins Installing Fourth FPSO to Tap Guyana's Reserves

Exxon Mobil Corporation XOM is moving closer to expanding its oil output in Guyana, as its fourth floating production storage and offloading (FPSO) vessel, One Guyana, begins the installation process offshore. This initiative, confirmed by Guyana’s maritime authority earlier this week, marks a significant step toward the rapid development of the country’s prolific Stabroek Block.Built by SBM Offshore, the One Guyana FPSO has a production capacity of 250,000 barrels per day. It departed Singapore in mid-February and reached Guyanese waters this week. Once operational, the vessel is expected to help push the consortium’s total production capacity to around 940,000 barrels per day by the end of 2025.The FPSO will support the development of ExxonMobil's Yellowtail and Redtail fields, both located within the giant Stabroek Block. With over 11 billion barrels of recoverable resources discovered, the block has become one of the most significant offshore oil finds in recent history.After recent upgrades, the company produced an average of 616,000 barrels per day from its three operational FPSOs in 2024. The addition of One Guyana marks a significant step toward boosting that number.ExxonMobil confirmed the vessel's arrival in a recent statement, noting that production from the Yellowtail project is expected to commence later this year, once installation and well work are complete. According to shipping data, One Guyana is currently positioned near Exxon’s three active FPSOs in Guyanese waters.With two more FPSOs scheduled to arrive over the next two years, ExxonMobil is signaling continued confidence in Guyana's role as a key pillar of its upstream growth strategy. The rapid deployment of infrastructure and consistent production ramp-ups suggest that the South American nation is poised to become a major player in global oil markets, with ExxonMobil at the helm.Top of FormBottom of FormXOM’s Zacks Rank & Key PicksExxonMobil currently carries a Zack Rank #4 (Sell).Investors interested in the energy sector may look at some better-ranked stocks like Archrock Inc. AROC, Delek Logistics Partners, LP DKL and Kinder Morgan, Inc. KMI. While Archrock and Delek Logistics Partners presently sport a Zacks Rank #1 (Strong Buy) each, Kinder Morgan carries a Zacks Rank #2 (Buy). You can see the complete list of today’s Zacks #1 Rank stocks here.Archrock is an energy infrastructure company based in the United States with a focus on midstream natural gas compression. AROC provides natural gas contract compression services and generates stable fee-based revenues.Archrock’s earnings beat estimates in three of the trailing four quarters and met once, delivering an average surprise of 8.81%.Delek Logistics Partners manages and owns systems for moving and storing oil and other products. The company operates pipelines that transport crude oil and refined products like gasoline and diesel. DKL also collects crude oil from different areas and stores it in tanks.Delek Logistics Partners’ earnings beat estimates in two of the trailing four quarters, met once and missed on the other, delivering an average surprise of 79.75%.Kinder Morgan is a leading North American midstream player with a stable and resilient business model, largely driven by take-or-pay contracts, which ensure consistent earnings and facilitate reliable capital returns to shareholders. KMI operates one of the largest natural gas pipeline networks, positioning it to benefit from the projected increase in U.S. natural gas demand by 2030. Kinder Morgan’s earnings beat estimates in one of the trailing four quarters, met once and missed in the other two, delivering an average negative surprise of 1.85%.Zacks Names #1 Semiconductor StockIt's only 1/9,000th the size of NVIDIA which skyrocketed more than +800% since we recommended it. NVIDIA is still strong, but our new top chip stock has much more room to boom.With strong earnings growth and an expanding customer base, it's positioned to feed the rampant demand for Artificial Intelligence, Machine Learning, and Internet of Things. Global semiconductor manufacturing is projected to explode from $452 billion in 2021 to $803 billion by 2028.See This Stock Now for Free >>Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report Exxon Mobil Corporation (XOM): Free Stock Analysis Report Kinder Morgan, Inc. (KMI): Free Stock Analysis Report Delek Logistics Partners, L.P. (DKL): Free Stock Analysis Report Archrock, Inc. (AROC): Free Stock Analysis ReportThis article originally published on Zacks Investment Research (zacks.com).Zacks Investment ResearchWeiter zum vollständigen Artikel bei Zacks Weiter zum vollständigen Artikel bei Zacks