Exxon Advances Trinidad Deepwater Plans as Exploration Work Takes Shape

Exxon Mobil Corporation (NYSE:XOM) is included among the 15 Best S&P 500 Dividend Stocks to Buy in 2026.

Reuters reported on January 15 that Exxon Mobil Corporation (NYSE:XOM) has brought in Shearwater Geoservices for a major 3D seismic survey offshore Trinidad and Tobago. Shearwater announced the deal the same day.

The work will focus on Exxon’s large deepwater block off Trinidad, which sits just north of Guyana’s Stabroek area, the oil discovery that has quickly turned Guyana into one of the fastest-growing producers in the world. The planned survey will map out about 6,000 square kilometers of seabed, and it’s expected to start in early 2026. The operation should run for around five months, in waters roughly 2,000 to 3,000 meters deep.

Exxon picked up the acreage after signing a production-sharing agreement with Trinidad’s government in August last year. The block itself was created by merging seven separate offshore blocks into one larger area. When the deal was signed, Exxon’s Global Exploration vice president, John Ardill, said the company wanted to use what it had learned about Caribbean geology to try to recreate its Guyana-style success in Trinidad’s waters.

He also said Exxon aims to move faster in Trinidad than it did in Guyana, mainly because a lot of equipment is already positioned across the border in Guyana, and Trinidad already has established energy infrastructure in place.

Exxon Mobil Corporation (NYSE:XOM), one of the biggest players in global energy, operates across the full oil and gas chain — from exploration and production to refining and selling fuels — while also producing petrochemicals, lubricants, and advanced materials.

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