ExxonMobil takes $82B from Guyana for production expense as citizens get $60B cash grant
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Politics
July 1, 2026
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(Kaieteur News) â ExxonMobil Guyana Limited (EMGL) in 2025 handed Guyana an $82B bill it said it racked up for oil production-related expenses.
The companyâs financial statements for the year were shared with the media early in June during a press conference at its Ogle, East Coast Demerara (ECD) headquarters.
According to the companyâs financials, production costs in 2025 jumped to a whopping $82,226,427,711 or approximately US$395M. Notably, the Government of Guyana (GoG) has set aside $60B to distribute the $100,000 cash grant to each adult Guyanese for 2026.
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