ExxonMobil Guyana and its partners spent over GY$170 billion with local businesses in 2024, according to company President Alistair Routledge. This forms part of a decade-long investment exceeding GY$525 billion with more than 2,000 Guyanese suppliers.
“Their participation shows the...
ExxonMobil Guyana Limited (EMGL) reported a profit of US$4.73 billion in 2024, up from US$2.92 billion in 2023. This was revealed today during the company’s report on last year's earnings, at its Duke Street office in Georgetown.
This 62% jump...
ExxonMobil says Guyana has become one of the world’s most incredible economic and geopolitical success stories “practically overnight.”
According to recent commentary by Hunter Farris, Senior Vice President for Deepwater at ExxonMobil Upstream Company, the timeline from discovery to first...
ExxonMobil plans to invest up to US$30 billion in low-emission initiatives from 2025 to 2030. Nearly 65% of that spending targets emissions reductions for third-party customers.
The investments depend on supportive policies, regulations, and continued advances in technology and markets,...
ExxonMobil’s Senior Vice President Neil Chapman said Thursday that operations and investment plans in Guyana remain “100% aligned” among the Stabroek Block partners, despite an ongoing arbitration that could impact the ownership structure of the prolific offshore asset.
“Zero change,”...
Guyana is on track to become one of the top five liquid-producing countries in Latin America (LatAm) in 2025, according to Amanda Bandeira, a Research Analyst at Wood Mackenzie.
“Production keeps growing, and exploration drilling is intensifying again in the...
ExxonMobil Corp plans to triple its oil production capacity in Guyana over the next five years, as part of a global strategy to concentrate capital on low-cost, high-return assets, a senior company executive said on Thursday.
Speaking at the 41st...
ExxonMobil’s Yellowtail development offshore Guyana is expected to come online in August, just ahead of national elections in the South American country.
Yellowtail, the fourth project in the Exxon-led Stabroek Block, will use the ONE GUYANA floating production, storage and...
ExxonMobil Guyana Limited (EMGL) said it plans to establish a goods and services agreement for Deepwater Subsea Remote Operated Vehicle (ROV) support.
In a public request for information, Exxon said the ROV services will assist oil and gas operations near...
Guyana’s Yellowtail crude, from the country’s fourth offshore development, is set to hit international markets in the third quarter of 2025, with a lighter and sweeter profile than the country’s current grades.
The new grade is expected to compete directly...
