Major LNG Project Win and Strategic Growth
- ExxonMobil, in a JV with Eni and CNPC, secured a significant EPCIC contract valued at over €1 billion for the Coral Norte FLNG project offshore Mozambique.
- This materially expands XOM's global LNG footprint, a key growth sector, and locks in future revenue streams.
- It is a concrete, high-value business development that warrants an upward adjustment to near-term price targets.