Guyana May Scale Back LNG Plans to Meet Exxon Mobil's Oil Field Needs

Key Facts

1Guyana may scale back its LNG plans as Exxon Mobil requires more gas for reinjection into its oil wells to maintain pressure.

Guyana may scale back its LNG plans as Exxon Mobil requires more gas for reinjection into its oil wells to maintain pressure. Reuters reported that the government is considering a reduction in planned export capacity to ensure Exxon can prioritize gas for oil field operations and optimize recovery rates.

XOM was trading at $174.01 on October 13, 2026, as the company prioritizes its primary revenue stream from oil production in the region. Among industry peers, CVX closed at $215 and SHEL closed at $101.59 on October 12, 2026.