ExxonMobil Plans Offshore Exploration Expansion in Trinidad and Tobago

Key Facts

1ExxonMobil is planning to expand offshore drilling in Trinidad and Tobago, aiming to replicate its massive success in Guyana.

ExxonMobil is planning to expand offshore drilling in Trinidad and Tobago, aiming to replicate its massive success in Guyana. The Financial Times reported that the company is targeting new offshore projects as its next potential growth engine in the Caribbean, following its 1 billion barrel milestone in Guyana.

The company seeks to leverage its regional expertise and infrastructure to find new oil and gas reserves in neighboring Caribbean waters. XOM was trading at $165.715 on October 6, 2026, while peer CVX closed at $206.47 on October 5, 2026, and SHEL closed at $96.52 on the same date.