An intereting Q&A from Exxon Q2 earnings call. Specifically, how they are proceeding to optimize their energy portfolio, divestments, and maximize shareholder value over the long term.
Here was Exxon's response: "In addition to the divestments and the OpEx and efficiency work we are doing, just the profitability of the investments, I've mentioned earlier, there is not any other - Guyana doesn't have a peer out there right now, and we have a large position there and continue to grow it. So it's going to make a big impact over time.”
Well, that pretty much sums it up. Where does the Guyana-Suriname basin rank among industries most profitable areas of investment?
You bet. The same basin CGX has two offshore licenses and immediately adjacent (just miles) from multiple world class discoveries.
GLTA and be patient!