(Kaieteur News) – ExxonMobil Guyana Limited has now filed its financial statements for 2025, and with Hess’s and CNOOC’s already reviewed, we can now do the simple math of comparing the profits earned by and the share of the Government under the 2016 Agreement which holds that the arrangement under which the Government earns the same amount as the combined earnings of the three companies.

We now know that ExxonMobil which holds a 45% interest in the Stabroek Block in 2025 recorded revenue of G$1.713 trillion and a profit before tax of G$1.214 trillion, about US$5.8 billion; after the income tax it is deemed to have paid, it kept G$982 billion, about US$4.7 billion. By contrast, Guyana’s 50% share of profit oil, was G$451 billion, about US$2.1 billion. Exxon’s 45% of 50% is equivalent to 22.5% of the total. Yet, it recorded a profit before tax nearly three times the profit oil earned by the country.

Taken together, the earnings of the three companies recorded revenue of G$3.59 trillion in 2025 and a combined profit before tax of G$2.52 trillion – about US$12 billion. This means that for every dollar earned by Guyana on its 50% share, the three companies earned about $5.5 in profit. Even more dramatic is that the income tax on the profits of the oil companies was G$474 billion, itself larger than the whole of the nation’s profit oil.