ExxonMobil Guyana Limited recorded $1.2 trillion in profit before tax in 2025, the company’s Vice President and Business Services Manager John Colling disclosed today.
According to the Financial Statements, ExxonMobil Guyana generated more than $1.7 trillion in revenue in 2025. However, its operating expenditure totaled approximately $498.4 billion, resulting in a profit before tax of $1.214 trillion.
When compared to 2024, the profit before tax is lower despite the addition of a fourth Floating Production, Storage and Offloading (FPSO) vessel in the Stabroek Block.
In 2024, the company generated $1.732 trillion in revenue and a profit before tax of $1.255 trillion.
“The revenue of $1.2 trillion in 2025 was largely consistent in 2024 although slightly less – that was driven by higher production with the start up of One Guyana [FPSO] offset by lower crude prices,” Colling told reporters during a press conference at Exxon’s Ogle Head Office.
It was further explained that while the Stabroek Block operator sold 102 million barrels of oil in 2025 compared to 88 million in 2024, the cost per barrel in 2025 was lower when compared to 2024, resulting in a shortfall in revenue. In 2025 the price of a barrel of oil was $68 compared to $82 in 2024.
“The overwhelming factor was lower oil prices in 2025 versus 2024. In 2025, the average realization was $68 per barrel and in 2024 it was $82 per barrel. In fact, volumes were up in 2025 versus 2024 with the start up of One Guyana,” Colling explained.
After tax, the company generated a profit of $982.4 billion in 2025 compared to $995.1 billion in 2024.
Additionally, the company’s expenditure moved from $477.6 billion in 2024 to $498.4 billion. The expenditure included exploration costs totaling $26.6 billion; production costs totaling $82.2 billion; depreciation and amortization costs of approximately $300.7 billion; administrative expenses $13.9 billion; and lease interest amounting to $35.1 billion. The records also show that the company paid the Government of Guyana just over $33.8 billion in Royalty.
Colling explained that the increase in production costs from $61.2 billion in 2024 to $82.2 billion in 2025 was largely as a result of the start up of the One Guyana FPSO.
“There are a number of items that go into production costs. The key driver was really the start up of the One Guyana. There are some additional costs that are included in there such as research costs and future development but really the key driver is the start up of One Guyana,” he said.
In 2025, Guyana recorded a total of 260 oil lifts with each lift consisting of 1 million barrels of oil. Of that among, the Government received a total of 32 lifts.
At present, ExxonMobil and its co-venturers are currently operating a total of four FPSOs in the Stabroek Block with daily production of 900,000 barrels of oil per day.
You must be logged in to post a comment Login