ExxonMobil pushes back against calls for ring-fencing new oil projects
Business
Finance
Politics
September 27, 2026
Share this article
Click to view full size
(Kaieteur News) – After almost six years of producing oil, Guyana is now finally enjoying a greater share of profits from the Stabroek Block as the investments made by ExxonMobil have been recovered.
The company is however chasing approval from government for an additional two projects that could again cause Guyana’s profits to slide from the current 39.8% to just 12.5% if the Government of Guyana (GoG) fails to ring-fence these upcoming developments.
Ring-fencing the projects would prevent Exxon from using profits that should flow into the Natural Resource Fund (NRF) or Guyana’s oil account to finance the developments.
Business
Finance
Politics
Need the bigger picture?
Share this article
Comments (0)
Download our mobile app
The portable companion to gazettE. Get notifications, track read articles, and more. The latest news from Trinidad and Tobago, in one place.
