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ExxonMobil Guyana scores $2.45b in profits in 2023

ExxonMobil Guyana, the operator and one of the coventurers in the prolific Stabroek Block offshore Guyana, netted a US$2.45 Billion in profits at the end of 2023.

This profit comes as the country's revenue for the year went past US$4 billion and its total operating expenditures have been pegged at $1.4 billion.

Exxon's financials were shared with the media on Thursday, during an engagement at the company's office in Guyana.

Last year the company raked in US$2.3 billion in profits; the year before—the first year the company made a profit in Guyana—it got US$528 million in profits.

Vice President and Business Services Manager, Phillip Rietema, explained that the increased revenues and profits were a result of higher production from the oil platforms operating offshore.

Globally, ExxonMobil's profit was US$36 billion.

 



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