Guyana’s Natural Resource Fund (NRF) received approximately US$343.4 million (GY$71.62 billion) in oil revenues in July 2026, equivalent to more than US$11 million (GY$2.30 billion) per day.
The July inflows comprised approximately US$232.2 million (GY$48.42 billion) from the sale of Guyana’s share of crude produced at the ExxonMobil-operated Stabroek Block and US$111.2 million (GY$23.19 billion) in royalties.
According to the Bank of Guyana’s July report on the NRF, GY$48.42 billion was deposited as profit oil during the month, while another GY$23.19 billion came from royalties. The figures translate to US$343.4 million (GY$71.62 billion) using the report’s exchange rate of GY$208.50 to US$1.
Spread across July’s 31 days, the inflows work out to approximately US$11.08 million (GY$2.31 billion) per day.
The royalties represent Guyana’s 2% royalty on crude produced and sold under the Stabroek Block production sharing agreement and are attributable to production during the second quarter of 2026. The oil sales revenue represents proceeds from cargoes marketed on the government’s behalf from its share of Stabroek Block production.
Counting deposits since the beginning of the year, Guyana has now received more than US$2.3 billion (GY$480.55 billion) from oil sales and royalties during the first seven months of 2026.
The pace puts the country well on its way to exceeding the government’s initial revenue expectations for the year. The government had projected approximately US$2.79 billion (GY$581.72 billion) in oil sales and royalty revenues for 2026. The projection was made against expectations that approximately 309 one-million-barrel cargoes would be produced and exported from the Stabroek Block during the year, compared with 206 in 2025.
Guyana’s petroleum earnings this year have also benefited from elevated global crude prices amid tensions in the Middle East surrounding the Strait of Hormuz, a critical passage for roughly one-fifth of globally traded crude supplies.
Government-reported figures show that Guyana produced an average of approximately 902,000 barrels per day (b/d) during the first six months of 2026. That is substantially above the approximately 716,000 b/d averaged across 2025.
Four floating production, storage and offloading vessels are currently producing at the Stabroek Block: Liza Destiny, Liza Unity, Prosperity and ONE GUYANA.
Production is expected to climb further when the Uaru development begins producing later this year. Its FPSO, Errea Wittu, is currently en route to Guyana. Once Uaru ramps up to full capacity, national production is expected to surpass one million barrels a day.
Another factor is poised to reshape the distribution of Stabroek Block production. With a substantial portion of historical development costs now recovered, less crude is required for cost recovery and a greater share of production is available for distribution between Guyana and the Stabroek Block co-venturers
The fund also transferred US$300 million (GY$62.55 billion) to the Consolidated Fund in July to support government spending.
Despite that withdrawal, the NRF ended July with approximately US$4.35 billion (GY$907.11 billion).
The fund also earned GY$2.70 billion (US$12.95 million) in investment income during the month.
ExxonMobil is the operator of the Stabroek Block, from where all Guyana’s oil sales and royalty revenue are derived. Production capacity currently exceeds 900,000 barrels per day. Exxon has a 45% stake, alongside Hess (Owned by Chevron, 30%), and CNOOC (25%).
