Exxon continues to highlight tax payments to Guyana but none received

(Kaieteur News) – ExxonMobil Holdings Corporation in a Securities Exchange Commission (SEC) recently said it paid a whopping US$1.1B in taxes to the Guyana Revenue Authority (GRA) in 2025 as part of its massive ongoing petroleum activities in the country.

The company is now producing about 900,000 barrels of oil per day in the Stabroek Block from four projects – the Liza One, Liza Two, Payara and Yellowtail.

However, the company does not pay taxes to the State as it claimed in the SEC filing. In accordance with the 2016 Production Sharing Agreement (PSA), ExxonMobil does not pay taxes to the GoG. In fact, the sweetheart deal Exxon signed states in Article 15.1 that the contractor (ExxonMobil Guyana Limited) as well as its affiliates shall not be subjected to tax, value-added tax, excise tax, duty, fee, charge, or impost in respect of income derived from petroleum operations, property held or transactions except as specified under the agreement.