Exxon Touts Guyana Growth in Race for Next Decade’s Oil Fields

Exxon Mobil 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.

The US supermajor says the breakneck production growth in the South American country shows Exxon can build oil projects faster and more efficiently than its competitors. It’s a “unique value proposition” that will ultimately make more money for countries — and Exxon, Chief Executive Officer Darren Woods said in an interview.