ExxonMobil Beats Q3 Estimates On Guyana and Permian Output

BY NAN BUSINESS EDITOR

News Americas, HOUSTON, Fri. Nov. 7, 2025: ExxonMobil, (NYSE: XOM), delivered stronger-than-expected third-quarter earnings, driven by record oil and gas production in Guyana and the Permian Basin that helped offset weaker global crude prices.

The U.S. energy giant reported adjusted earnings of $8.1 billion, or $1.88 per share, for the July–September quarter — surpassing analysts’ consensus estimate of $1.82 per share, according to data from LSEG.

Despite the earnings beat, free cash flow dropped to $6.3 billion, down sharply from $11.3 billion in the same period last year, as ExxonMobil increased capital spending to expand its acreage in the Permian Basin. Shares initially fell by nearly 2% in Friday trading before later recovering to end flat at $114.64.

“Higher expenditures counteracted what was otherwise positive earnings news that included a dividend increase,” noted TPH & Co analyst Jeoffrey Lambujon.

Production Surges in Key Growth Regions

ExxonMobil’s total production rose to 4.8 million barrels of oil equivalent per day (boepd), up from 4.6 million boepd in the prior quarter, marking record output levels from both Guyana’s Stabroek Block and the Permian Basin in Texas and New Mexico.

These two regions remain critical to Exxon’s long-term growth strategy, as Guyana continues to emerge as one of the world’s most prolific new oil provinces. The company, along with its partners Hess Corporation and CNOOC, has made more than 30 discoveries offshore Guyana since 2015.

Global Oil Price Pressures

While operational performance was strong, ExxonMobil faced a challenging pricing environment. Brent crude averaged $68.17 per barrel during the third quarter – down about 13% from a year earlier — as OPEC+ output increases and a U.S.-led tariff dispute weighed on global demand and investor sentiment.

Energy analysts say ExxonMobil’s ability to post profit growth despite lower prices underscores its strategic pivot toward high-margin assets like Guyana, the Permian, and LNG operations.

The company’s results come amid broader industry turbulence, as global oil majors navigate volatile prices, geopolitical headwinds, and accelerating energy transitions.

US Strikes In The Caribbean And Pacific Kill At Least 70 As Region Raises Alarm

By News Americas Staff Writer

News Americas, November 7, 2025: The US strikes in the Caribbean and Pacific Oceans has now killed at least 70 people, according to U.S. Defense Secretary Pete Hegseth, who confirmed another deadly strike Thursday that destroyed a small vessel and killed three people off the coast of Icacos Point, Trinidad and Tobago.

An infographic titled “Major US military deployments in the Caribbean” created in Ankara, Turkiye on November 7, 2025. (Photo by Murat Usubali/Anadolu via Getty Images)

The latest strike – the 18th since the campaign began in early September – reportedly targeted what the Pentagon described as a “vessel operated by a Designated Terrorist Organization.” Aerial footage shared by Hegseth on X (formerly Twitter) showed the small boat traveling through calm waters before being hit and engulfed in flames.

While Washington insists the strikes are part of a campaign against drug trafficking networks linked to Venezuela, critics and international observers have condemned the actions as extrajudicial killings, noting that no conclusive evidence has been made public showing the destroyed boats were smuggling narcotics or posed any threat to U.S. interests.

Regional Fallout And Civilian Fear

Antonio Silver (L) and Kavash Dan unload their catch after a day of fishing in the Gulf of Paria, an inlet of the Caribbean Sea, on November 06, 2025, in Icacos Point, Trinidad and Tobago. As the United States military has killed numerous people allegedly running drugs in the Caribbean, local fishermen say they are nervous, and some have altered their fishing routes due to not wanting to be mistaken for a drug boat. Icacos Point is approximately 3 miles from the Venezuela shoreline. (Photo by Joe Raedle/Getty Images)

Local fishermen in southern Trinidad say that they are now fearful to go to sea, with some altering their routes to avoid being mistaken for suspected “narco boats.” Icacos Point, the southernmost tip of Trinidad, lies just three miles from Venezuela’s coastline, an area known for both fishing and migrant crossings.

“The sea is our livelihood, but now it feels like a war zone,” said one fisherman who asked not to be named. “No one knows who’s next.”

Caribbean Leaders Call For Calm

Amid rising concern, Antigua and Barbuda Prime Minister Gaston Browne this week renewed his call for the Caribbean to remain a “zone of peace.” Speaking at the launch of the Commonwealth Heads of Government Meeting, (CHOGM), set for next year, Browne warned that escalating U.S. military operations in regional waters could destabilize the Caribbean.

“If this military buildup results in any form of conflict, the small island states of the OECS will suffer disproportionately,” Browne cautioned, emphasizing the region’s vulnerability and economic dependence.

U.S. Congress Divided Over Strikes

In Washington, Senate Democrats attempted to pass a war powers resolution that would have curbed President Donald Trump’s authority to conduct further strikes without congressional approval – but the measure was blocked by Senate Republicans in a largely party-line vote.

Sen. Tim Kaine, (D-Va.), backed by Adam Schiff, (D-Calif.) and Rand Paul, (R-Ky.), led the push, arguing that the administration’s actions amount to undeclared warfare. Only a few Republicans – including Sen. Lisa Murkowski, (R-Alaska) – broke ranks to support the measure.

Secretary of State Marco Rubio and Defense Secretary Pete Hegseth briefed select lawmakers earlier this week, defending the campaign as part of a broader effort to “combat terrorism and narcotics linked to Venezuela’s Tren de Aragua cartel.”

Trump, in a recent television interview, acknowledged authorizing CIA operations in the region and claimed Venezuela had “emptied their prisons into the United States.”

“We have a lot of drugs coming in from Venezuela,” Trump said. “So, we’re going to stop them by land and by sea.”

International Condemnation Mounts

The United Nations has called on Washington to immediately halt the strikes. UN human rights chief Volker Türk said the killings “find no justification in international law,” urging restraint and independent investigations.

Meanwhile, Venezuelan President Nicolás Maduro accused the U.S. of attempting regime change under the guise of counter-narcotics operations. Maduro, who faces U.S. drug trafficking indictments and a $50 million bounty, denied that Venezuela cultivates or exports narcotics, saying his country is being “used as a route against its will.”

An Escalating Military Footprint

The Trump administration has reportedly deployed six Navy ships in the Caribbean, F-35 stealth jets to Puerto Rico, and the USS Gerald R. Ford carrier strike group to regional waters. U.S. bombers have also conducted several “shows of force” near Venezuela’s coast since mid-October.

With regional unease mounting and questions over legality growing louder, observers warn that Washington’s campaign risks militarizing the Caribbean – a region long regarded as a “zone of peace” and trade, not conflict.

World Bank To Payout One Of The Largest Single Sovereign Insurance Redemptions To Jamaica

News Americas, WASHINGTON, Fri. Nov. 7, 2025: Jamaica is set to receive a full $150 million payout under its World Bank backed catastrophe bond following the devastation caused by Hurricane Melissa – marking one of the largest single sovereign insurance redemptions in the Caribbean’s history.

The World Bank, (International Bank for Reconstruction and Development, IBRD AAA/Aaa) confirmed that the payout was automatically triggered after third-party analysis by AIR Worldwide Corporation determined that the hurricane met pre-agreed parametric thresholds based on the storm’s central pressure and path, as reported by the U.S. National Hurricane Center.

An aerial view shows destroyed buildings following the passage of Hurricane Melissa, in Black River, St. Elizabeth, Jamaica on October 29, 2025. (Photo by RICARDO MAKYN/AFP via Getty Images)

The trigger activated the full redemption of Jamaica’s 2024 catastrophe bond, which provides the country with pre-arranged financial protection against major natural disasters such as hurricanes and earthquakes.

Swift Financial Relief Through Innovative Risk Management

The $150 million disbursement underscores the strength of Jamaica’s disaster risk financing strategy, which has been recognized globally for its proactive approach. The country first partnered with the World Bank in 2021 to secure parametric insurance against storm events, later renewing and expanding coverage through a new 2024 catastrophe bond issuance.

“Jamaica’s comprehensive disaster risk management strategy and proactive approach serve as a model for countries facing similar threats,” said Jorge Familiar, World Bank Vice President and Treasurer. “This payout demonstrates how catastrophe bonds can efficiently transfer disaster risks to capital markets and ensure rapid liquidity when it’s needed most.”

Damage from Hurricane Melissa is seen at Sea Garden Beach resort, in Montego Bay, Jamaica on November 3,2025. Storm-ravaged communities in western Jamaica were facing dire straits November 2, 2025, days after record-setting Hurricane Melissa left towns demolished and at least 28 people dead across the island. (Photo by RICARDO MAKYN/AFP via Getty Images)

A Model For Financial Resilience

As one of the most disaster-exposed nations in the world, Jamaica has long championed innovative financial tools to strengthen its resilience. Catastrophe bonds allow governments to shift disaster-related risks from public budgets to global investors, ensuring that funds are available within days rather than months.

The World Bank Group said it is also preparing a broad support package for Jamaica, including emergency financing, reallocation of existing project funds, and targeted private-sector assistance through the International Finance Corporation, (IFC).

“Jamaica’s strong commitment to preparedness is now paying off – enabling the country to move swiftly from recovery to reconstruction,” said Susana Cordeiro Guerra, World Bank Vice President for Latin America and the Caribbean. “This is not just about rebuilding what was lost, but about leapfrogging toward a more resilient future.”

Wider Caribbean Support Framework

An aerial view seen October 29, 2025 shows the destroyed Black River Market and surrounding buildings following the passage the previous day of Hurricane Melissa in Black River, St. Elizabeth, Jamaica. (Photo by RICARDO MAKYN/AFP via Getty Images)

The catastrophe bond payout adds to the recent record-breaking US$70.8 million disbursement made to Jamaica by the Caribbean Catastrophe Risk Insurance Facility (CCRIF-SPC), the largest in the facility’s history. Combined, the two mechanisms have now mobilized over US$220 million in disaster insurance support for Jamaica in less than a month.

The Government of Jamaica has estimated that Hurricane Melissa caused between US$6 billion and US$9 billion in total damages, devastating infrastructure, homes, and livelihoods while claiming 32 lives. More than 600 educational institutions sustained damage during the passage of category-five Hurricane Melissa.“In the affected parishes, we have a little bit over 450 schools that have been affected, and that’s across the board – infant schools, primary schools, secondary schools and also eight tertiary schools. So far, we’ve seen estimates of 616 institutions having some kind of damage,” said Minister of Education, Skills, Youth and Information, Senator Dana Morris Dixon.

New Soca Music To Know This New Music Friday As The Countdown To Trinidad Carnival 2026 Begins

By News Americas ET EDITOR

News Americas, NEW YORK, NY, Fri. Nov. 7, 2025: With Trinidad & Tobago’s 2026 Carnival season heating up, Soca music lovers are being treated to a wave of brand-new anthems ready to ignite the fetes, the road, and the global diaspora’s playlists. This week’s New Music Friday lineup features a mix of legends, fresh talent, and cross-Caribbean collaborations – all guaranteed to bring that infectious energy we know and love.

Machel Montano & Tano – “Compromise

Machel Montano and Tano team up for ‘Compromise’

The King of Soca, Machel Montano, joins forces with rising producer and artist Tano for “Compromise,” a rhythmic blend of melody and message that explores the delicate dance of love, pride, and partnership.

Produced by Tano, and recorded by Klase Gonzales at Baby Monster Studio in Trinidad, the single showcases smooth vocal chemistry, layered percussion, and an irresistible groove that’s pure Carnival bliss. The track was mixed and mastered by Richard McClashie, with visuals directed by Twin Island Company and produced by Josiah Persad.

Watch the official video HERE

Hey Choppi & Voice – “In We Veins”

Carnival veterans Hey Choppi and Voice reunite with Monk Music for an anthem that captures the spirit and soul of Caribbean unity — “In We Veins.”

Produced by Madman Johann and mixed by Precision Productions, the track is an ode to rhythm, identity, and the unbreakable heartbeat of the islands. The music video, directed by Shania Perez, features real Carnival footage and vibrant energy that perfectly matches the song’s uplifting message.

Watch In We Veins

Destra Garcia x MadLypso – “Free Again”

The Queen of Bacchanal is back! Destra Garcia links up with MadLypso for “Free Again,” a euphoric reminder of Carnival’s freedom and joy. Produced by Johann Seaton under Lypso Music, the track fuses Destra’s signature powerhouse vocals with pulsating production — setting the tone for every waistline ready to “free up” in 2026.

STREAM NOW: lnkfi.re/destra-free_again

Preedy x Patrice Roberts – “Bacchanal Mode”

Talk about chemistry! Preedy and Patrice Roberts deliver a cinematic collaboration with “Bacchanal Mode,” produced by Nine Mind Entertainment and brought to life through a star-studded video shot by Motion Studio and Aaron Caruth.

It’s the perfect mix of playful and passionate, spotlighting the visual artistry of Trinidad Carnival — complete with mas, paint, powder, and pan.

Watch it here: YouTube – Bacchanal Mode

Added Rankin & Boogy Rankss – “Property Riddim”

The Property Riddim is officially out, and it’s pure Carnival fuel! Created by Added Rankin and Boogy Rankss, the project unites a regional mix of talent for a groove-driven, mid-tempo vibe perfect for both the road and the lime.

Highlights include Hypasounds’ energetic single “Made Fuh Dat (All Bumpas)”, produced by Boogy Rankss for the Boogy Bounce Project — already being hailed as one of the first true road tunes of the 2026 season.

STREAM: lnkfi.re/theboogybounceproject

Fay-Ann Lyons & Maino – “Give It Space”

Soca powerhouse Fay-Ann Lyons teams up with U.S. rapper Maino for a cross-genre Carnival anthem that blends island rhythm with New York grit.

Produced by Jeaucar and Th3rd under Bad Beagle / Husle Hard, “Give It Space” is a bold fusion of 2026 Trinidad Soca and hip-hop energy – showcasing Fay-Ann’s commanding vocals and Maino’s smooth bars.

The result? A fiery, bass-driven track built for the road, the gym, and the dancefloor.

STREAM NOW: ffm.to/giveitspace

Carnival 2026 Countdown Is On

From soca’s reigning royalty to the new wave of Caribbean hitmakers, this week’s releases prove that the region’s creativity shows no signs of slowing down.

Each track offers a slice of the Carnival experience — the freedom, the rhythm, the spirit of togetherness – reminding us all that the road to Trinidad Carnival 2026 is paved with pure musical magic.

So turn up the volume, grab a drink, and get in your Bacchanal Mode – Soca season has officially begun.