ExxonMobil Guyana Limited recorded GY$720 billion (US$3.45 billion) in investments in property, plant, and equipment in 2025, according to Vice President and Business Services Manager John Colling.
Colling disclosed the figure during a June 9 press briefing on the company’s 2025 financial performance. He was responding to questions about the difference between ExxonMobil Guyana’s head office contribution and its overall investment for the year.
He explained that the head office contribution reflected an equity injection from ExxonMobil’s head office into the Guyana affiliate. He said it should not be treated as total capital expenditure.
“That is effectively a capital injection made by the head office into the affiliate as part of ongoing financing of the affiliate,” Colling said.
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Asked how the company’s total investment could be identified, Colling pointed to ExxonMobil Guyana’s cash flow statement.
“If you look under IFRS [International Financial Reporting Standards] and you look at our cash flow statement, you will see investing activities,” he said. “You will see acquisition of property. You can see investments in property, plant, and equipment, which was GY$720 billion in 2025.”
The disclosure gives a clearer picture of ExxonMobil Guyana’s capital deployment as production and development activity expand across the Stabroek Block.
ExxonMobil Guyana’s 2025 financial performance was supported by 102 crude oil lifts from its share of Stabroek Block production. The company generated US$8.1 billion (GY$1.7 trillion), in revenue for the year. Profit dipped slightly because of lower realized oil prices.
Colling told reporters that the company’s average realized crude price fell to US$68 per barrel in 2025, down from US$82 per barrel in 2024. He said volumes were higher in 2025, helped by the startup of the ONE GUYANA floating production, storage and offloading (FPSO) vessel.
The Stabroek Block had four producing FPSOs operating by the end of 2025: Liza Destiny, Liza Unity, Prosperity, and ONE GUYANA. OilNOW has reported that production from the block exceeded 900,000 barrels per day by the end of the year.
The GY$720 billion figure comes as ExxonMobil continues to build out one of the world’s fastest-moving offshore oil developments. ExxonMobil has pointed to a repeat-build approach in Guyana, using a “design one and build many” model to support faster project execution across its FPSO fleet.
Neil Chapman, ExxonMobil Senior Vice President, has said Guyana’s development has been driven by exploration success and project delivery.
“Guyana has been extraordinary. I think everybody understands that. I mean it’s not just about finding the crude oil, it’s about the execution capability,” Chapman has said.
The investment figure is also significant in the context of Guyana’s cost recovery system. Under the Stabroek Block Production Sharing Agreement, ExxonMobil and its partners are allowed to recover up to 75% of monthly production as cost oil. The remaining production is treated as profit oil and split equally with the government.
The ExxonMobil-led group had recovered more than US$51 billion of over US$55 billion in expenses incurred to explore and develop the Stabroek Block by the end of 2025. Colling said approximately US$4.5 billion remained in the cost recovery bank at the end of that year.
He said recovery of the remaining balance could occur sooner than previously anticipated, potentially in the second half of 2026, because of rising production and stronger oil prices.
