XOM | Weekly | Haru Insights

ExxonMobil’s $1.1 billion pre-investment in Mozambique’s Rovuma LNG Phase 1 project ahead of a final investment decision (FID) signals a pivotal strategic commitment, positioning XOM to secure long-term LNG supply chains and execution speed in a capital-constrained global environment.
The company issued a formal private warning to Kazakh authorities that its Tengiz field is nearing peak production, with output projected to drop by 40% to 500,000 bbl/d by 2035 unless the stalled $80 billion Kashagan development moves forward—highlighting a critical inflection point in XOM’s core production outlook.

XOM’s $1.1 billion pre-FID bet on Rovuma LNG underscores unwavering confidence in long-term LNG growth, cementing its leadership in high-margin, global energy infrastructure with enduring strategic advantages.
The landmark 20-year midstream deal with Targa Resources locks in low-cost, dedicated Permian transport and processing, ensuring decades of predictable production growth and margin protection—proving XOM’s operational foresight.
Record Permian output exceeding 1.8 million BOE/day, backed by rising Guyana FPSO development, confirms XOM’s unmatched execution in high-margin basins, reinforcing its dominance in global hydrocarbon supply.
43rd consecutive year of dividend increases, fueled by $145 billion in projected surplus cash flow and a $40 billion buyback, cements XOM’s status as a fortress of long-term value and income certainty.
XOM’s early-stage infrastructure investment in Rovuma is not just financial—it’s a strategic hedge against global energy volatility, securing access to future LNG demand in Asia and Europe at scale.

Exxon Mobil Corporation (XOM)[Tv]