Upstream players like EOG, COP and FANG are embracing the strategy of production expansion to benefit from potentially profitable crude prices.
ExxonMobil's (XOM) Liza Unity FPSO achieves peak production of 252K bbl/day, paving the way for Guyana to become Latin America's second-largest oil producer after Brazil.
Sunoco's (SUN) first-quarter earnings and revenues beat estimates on the back of increased revenues from the fuel distribution and marketing segment.