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Three United States legislators have written to the oil and gas giant, ExxonMobil, on how its payments to the Guyana government regarding the 2016 Stabroek Block Petroleum Agreement (PA), have affected its US federal tax liability.
“Does the 2016 PA between ExxonMobil and Guyana make a distinction between taxes owed to the Government of Guyana and payments for economic benefits? If so, please provide the specific language and ExxonMobil’s interpretation of how it affects your U.S. federal tax liability under current rules,” the three Democratic legislators wrote in their September 23, 2025 letter to ExxonMobil’s chairman and chief executive officer, Darren Woods.
In their lengthy correspondence, Sheldon Whitehouse of Rhode Island, Chris Van Hollen of Maryland and Jeff Merkley, of Oregon, said that after ExxonMobil discovered nearly 11 billion barrels of oil off the coast Guyana, the company signed a PA with the Guyana government.
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