ExxonMobil Corp. is betting the economic boom unleashed by its giant discovery in Guyana will give the company an edge when negotiating fiscal terms with other nations looking to develop their own oil and gas reserves.
ExxonMobil Corp. said lower oil prices and refining margins reduced third-quarter earnings by $1.6 billion compared with the previous period.
Saudi Arabia’s energy giant Aramco has topped a list of the world’s largest oil companies in terms of proven reserves, boasting figures 15 times greater than its nearest competitor, according to newly calculated figures.