Dossier
upstream production
Coverage of upstream production in the Nexus archive.
- ExxonMobil Guyana Drives Record Q2 Output as Profit Slips
ExxonMobil achieved its highest upstream production in over two decades during Q2 2026, driven by increased output in Guyana and the Permian Basin. However, downstream maintenance reduced overall profit.
- Russia’s oil exports hit wartime high
Russia’s crude oil exports averaged 3.46 million barrels a day last month, a wartime high since the 2022 Ukraine invasion. Ukrainian drone strikes on refineries and terminals halted exports of gasoline and jet fuel, increasing crude oil sales amid rising prices, though upstream production is declining and the government faces compensation costs for refinery owners.