Latest update April 19th, 2026 12:46 AM
Latest News
- Exxon quietly investing Guyana’s profits into Stabroek Block while country patiently awaiting increased earnings – Ram
- African nations tightening grip on mineral wealth
- Iran fully closes Strait of Hormuz over U.S. blockade and fires on ships
- Optique Vision Care opens Guyana’s first specialty Eye Hospital
- Exxon and partners profits soar to US$29B in 5 years while Guyana received US$5.4B in 50/50 partnership
Exxon’s Real Share – Clarification Sought
Dear Editor,
I have been looking at the numbers published on Guyana’s PSA with Exxon and have come up with the following assessment, which shows that Guyana in fact gets only 14.5 percent of total revenue, while Exxon gets 85.5 percent. This is rather curious. Stakeholders are encouraged to clarify for the sake of public consumption and appreciation.
Best Regards,
Craig Sylvester
| Distribution of Revenues Between Guyana, Exxon Based on Existing Contract | ||
| Percent | US$ | |
| REVENUE (US$100) | 100.00% | 100 |
| Royalty | 2.0% | 2.0 |
| Cost | 75.0% | 75.0 |
| Profit | 25.0% | 25.0 |
| Govt Share 50% | 12.5% | 12.5 |
| Exxon Share 50% | 12.5% | 12.5 |
| Govt Revenue | ||
| Royalty 2% | 2.0% | 2.0 |
| Profit 12.5% | 12.5% | 12.5 |
| Total without Exxon’s Income Taxes | 14.5% | 14.5 |
| Exxon Taxes Income | 3.4% | 3.4 |
| Govt Revenue With Exxon Inc. Tax | 17.9% | 17.9 |
| Exxon retains | ||
| Costs 75% | 75.0% | 75.0 |
| Profit 12.5% | 12.5% | 12.5 |
| less royalty 2% | -2.0% | -2.0 |
| Assumes Exxon Pays no Income Tax | 85.5% | 85.5 |
Share this:
Discover more from Kaieteur News
Subscribe to get the latest posts sent to your email.
Similar Articles
THE BLUNT OF THE DAY
Sports
– as Welcome, David headline with hattricks in 2026 Massy U18 Schools Football C/ship Kaieteur Sports – The Queen’s College ground turned into a true football battleground on Saturday as...
Features/Columnists
(Kaieteur News) – There was a time when Guyana was spoken of, not entirely jokingly, as Bookers Guyana. Bookers was not a man. It was the giant foreign-owned sugar concern whose influence stretched so wide that if you sneezed in Georgetown, someone in a London boardroom probably approved the...
Sir. Ronald Sanders
By Sir Ronald Sanders (Kaieteur News) –As with all my commentaries, this one is strictly in my personal capacity, drawing on more than fifty years of engagement with Caribbean affairs and a lifelong commitment to the cause of regional integration. I do not speak on behalf of any government or...
The GHK Lall Column
Hard Truths by GHK Lall (Kaieteur News) – What do you think, Guyanese? “The world is being ravaged by a handful of tyrants.” Pope Leo XIV said so in Cameroon. I salute this fine American, this vicar of Christ growing in his role. What about others (leaders)? Those who “manipulate...
Weekend Cartoon
