Exxon And Partners Reaped $5.8 Billion In Guyana In 2022

Exxon and its partners in the offshore Stabroek Block in Guyana have made almost $6 billion from their operations.

Citing official documents, Reuters says audited financial results show that Exxon, Hess Corp., and CNOOC earned a combined 5.8 billion from the Guyana business in 2022.

Exxon’s individual share of the total was $2.74 billion, the Chinese state oil firm took home $1.55 billion, and Hess Corp. got $1.53 billion.

The document was released as part of an ongoing appeal against a court ruling that found the consortium guilty of violating its insurance obligations regarding oil spills.

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Edited by Jesus Chan

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