Exxon Mobil is in talks with Trinidad and Tobago to explore seven deepwater blocks off the country’s east coast, adjacent to the successful Guyana Stabroek block. The negotiation route bypasses the current auction, showcasing regulatory flexibility. If successful, Exxon could secure control of key acreage and bolster Trinidad’s LNG and petrochemical infrastructure. The move could provide a strategic hedge against geopolitical risks in the region. Investors are watching closely to see if the potential new reserves can counterbalance broader energy transition challenges. Overall, the deal could solidify Exxon’s position in a key growth area.

Read more at Quiver Quantitative: How Exxon (XOM) May Snag Seven Trinidad Blocks Without Bidding