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According to the 2016 deal, ExxonMobil’s subsidiary, Esso Exploration and Production Guyana Limited (EEPGL) is allowed to self-insure.
Even though the two audits conducted of ExxonMobil’s expenses to date have uncovered brazen acts of abuse, the company will not be facing any penalty.
ExxonMobil’s fourth development, the Yellowtail project, is approximately 60% complete and is on track for first oil in 2025, according to Greg Hill, Hess Corporation’s President and Chief Operating Officer.
For the year, the consensus estimate for ExxonMobil’s earnings per share is a profit of $9.42.
Source: https://houstonianonline.com/exxon-mobil-is-one-of-americas-highest-dividend-stocks/
The Orinduik oil block is just a few kilometres from ExxonMobil’s discoveries in the Liza and Payara fields in the oil-rich Stabroek Block.
Source: https://www.inewsguyana.com/tullow-did-not-inform-govt-of-selling-orinduik-block-interests-vp/