ExxonMobil to Expand Robotic Drilling Fleet with Seven New Systems

Exxonmobil Holdings Corporation (XOM) is expanding its automated drilling operations by adding seven new robotic systems over the next year. The energy company is broadening its use of the FlexRobotics platform, which is developed by Helmerich and Payne, Inc. (HP). This expansion will increase the company's total to nine active robotic systems, building on an initial deployment of two systems currently operating on Helmerich and Payne rigs.

The robotic systems automate repetitive and dangerous activities on the rig floor, such as handling and positioning heavy drill pipes. By utilizing robotic arms to perform these tasks, the company aims to reduce worker exposure to high-risk environments and limit potential injuries. The shift is also intended to improve operational consistency, accelerate well construction, and enhance drilling efficiency across its operations.

This technological expansion supports a broader strategy to automate approximately half of the company's Permian Basin drilling fleet by 2028, where it currently runs more than 30 rigs. Investors are also looking ahead to the upcoming quarterly earnings report estimated for October 30. Wall Street analysts expect quarterly earnings of $3.75 per share on revenue of $102.02 billion, which would represent a significant increase from the $1.88 per share and $85.29 billion in revenue recorded during the same period last year.