Jul 17, 2026 Features / Columnists, The GHK Lall Column

(Kaieteur News) – The time for sparring is over. So, also, is room for dancing around and dodging. A full, accurate, credible 50 percent of oil profits is now due to Guyana. Exxon must be a partner. An authentic partner with accounts that match. The PPP Govt must put aside its own priorities and push for a real half of profits now the right of Guyana. The time is now. Let there be a genuine half that can absorb the weight of any scrutiny. Override the language of all controversies. First, the surrounding facts that overwhelm any arguments, any differences.

From US$55 billion invested, there was US$4.5 billion outstanding for Exxon on 31st December, 2025. A fact announced by Exxon itself. Fact Two: Conflict between the U.S. and Iran that spread beyond a strategic strait powered oil prices upwards. The conflict began on 28th Feb, 2026. Up went oil prices. Fact Three: a range of average prices per barrel could be used: US$80, US$70, even US$60 each, and Guyana already would have cleared that US$4.5 billion outstanding at the close of 2025. Fact Four: Guyana has been producing 900,000 barrels of oil daily before 2026 started, has continued at that level for the first six months of this year. Fact Five: operating 24/7, Guyana would have produced 900,000 times 91 days times US$80 a head (and this is for Q2 alone). Fact Six: that is the equivalent of about US$6.5 billion. Fact Seven: I return to Fact One: Guyana owed US$4.5 billion to Exxon on 1st Jan, 2026.