ExxonMobil added 4.5 billion boe in 2018, boosted by Guyana and Brazil

U.S oil major ExxonMobil has said it added 4.5 billion oil-equivalent barrels of proved oil and gas reserves in 2018, replacing 313 percent of the year’s production.

ExxonMobil’s proved reserves totaled 24.3 billion oil-equivalent barrels at year-end 2018. Liquids represented 64 percent of the reserves, up from 57 percent in 2017.

Exxon’s reserves were boosted by discoveries in Guyana and Brazil, as well as growth in the Permian Basin in the U.S.

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