Exxon highlighted the fact that it achieved first oil in Guyana, ahead of schedule with the resource estimate increasing to more than 8 billion barrels.
It added that it grew fourth quarter liquids production by 4% over 2018, driven by Permian Basin and it generated $29.7 billion of cash flow from operating activities in 2019, of which $6.4 billion came in fourth quarter
Chairman Darren Woods said Exxon's operations performed well, while short-term supply length in the downstream and chemicals businesses impacted margins and financial results.
"Growth in demand for the products that underpin our businesses remains strong. We remain focused on improving our base businesses, driving efficiencies, and optimizing the value of our investment portfolio."
The full, 15-page announcement appears at this address: https://exxonmobil.co/2SiK8tt
