ExxonMobil is continuing its long-term upstream investment strategy despite ongoing market volatility, focusing on production growth, technology deployment and operational efficiency.
Speaking at CERAWeek 2026, ExxonMobil Upstream President Dan Ammann said global energy demand will continue to rise, supporting the company’s long-term expansion plans.
He highlighted the company’s operations in the Permian Basin as a key growth driver, noting that improved recovery technologies could significantly boost production from unconventional reservoirs.
Ammann said ExxonMobil is deploying advanced completion technologies, including lightweight proppants, which are already increasing recovery rates by up to 20%.
The company aims to further improve recovery efficiency as part of its strategy to strengthen long-term upstream earnings growth.
