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ExxonMobil Expands Reach With Guyanese Crude Exports to India
ZACKS· 2025-10-21 00:30
Key Takeaways XOM sold 4 million barrels of Guyanese crude to Indian refiners for delivery in late 2025 to early 2026.India's IOC bought 2 million barrels of Golden Arrowhead, its first purchase of the new crude grade.Guyana's oil output hit 770,000 bpd as exports surged to 938,000 bpd following new production capacity.Exxon Mobil Corporation (XOM) has sold four million barrels of Guyanese crude oil to two refiners in India, per Reuters.This marks a notable expansion of Guyana’s growing presence in the glob ...