Govt. defends Exxon and partners bagging five times more profits than Guyana
…says 50% share applies to profit oil after cost recovery instead of “total production, total revenue, or the companies’ reported financial profits.” (Kaieteur News) – The Government of Guyana (GoG) through the Ministry of Natural Resources on Tuesday explained how the Stabroek Block partners recorded US2.5B in 2025, although the 2016 oil contract allocates a greater […] The post Govt. defends Exxon and partners bagging five times more profits than Guyana appeared first on Kaieteur News.
Black News 
…says 50% share applies to profit oil after cost recovery instead of “total production, total revenue, or the companies’ reported financial profits.” (Kaieteur News) – The Government of Guyana (GoG) through the Ministry of Natural Resources on Tuesday explained how the Stabroek Block partners recorded US2.5B in 2025, although the 2016 oil contract allocates a greater […]
The post Govt. defends Exxon and partners bagging five times more profits than Guyana appeared first on Kaieteur News.
