ExxonMobil Guyana generated US$8.1 billion (approx. GYD $1.7 trillion) in revenue in 2025, supported by 102 crude oil lifts from the Stabroek Block, representing its share.
John Colling, Vice President and Business Services Manager, told journalists during a June 9 press conference that the company lifted more cargoes than the previous year as production continued to expand offshore Guyana.
“In 2025, ExxonMobil Guyana Limited had over 100 lifts, and in 2024, 88 lifts,” Colling said.
Overall, Guyana recorded 260 crude oil lifts in 2025 from the Liza Destiny, Liza Unity, Prosperity, and ONE GUYANA floating production, storage, and offloading (FPSO) vessels.
The lifts were allocated among the Stabroek Block co-venturers ExxonMobil, which holds a 45% operating interest, Hess (30%) and CNOOC (25%), as well as the Guyana government, whose profit oil entitlement accounted for 32 lifts during the year.
The increase came as production from the Stabroek Block exceeded 900,000 barrels per day by the end of 2025.
“If you look at our overall success rate for wells, we’ve made over 30 discoveries since inception in the block… Since 2019, when the first oil came online, by the end of 2025, production was over 900,000 barrels a day, with over US$8.7 billion contributed to the NRF,” he explained.
Of the US$8.1 billion recorded, ExxonMobil’s profit totaled US$4.67 billion in 2025, down slightly from US$4.73 billion in 2024. Colling said the decline was primarily due to a reduction in the average realized oil price, which fell to US$68 per barrel from US$82 per barrel the previous year.
While the company is not projecting whether revenue will be higher or lower in 2026, some market analyses suggest Brent crude prices could approach US$200 per barrel by the end of the year. This could happen if disruptions in the Strait of Hormuz persist and no settlement is reached between the United States and Iran by September.
“We don’t project the price of oil, but clearly, higher oil prices result in higher revenues and higher earnings for EMGL as well as higher earnings and higher revenues for the government,” Colling said.
