Tag: exxon

COMMENTARY

Every Citizen At Present Owes ExxonMobil $9M – IEEFA Financial Analyst

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Kaieteur News – For every US dollar that Guyana earns per barrel of oil produced in the Stabroek Block, the Oil companies walk away with six dollars. Compounding the situation is the fact that at present, given the developments already undertaken and underway, each citizen of this country owes the oil company some US$44,000. Additionally, at the rate Esso Exploration and […]

BUSINESS

U.S. Oil Companies See Profits Flow

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ExxonMobil and Chevron have seen profits soar on the back of the rise in oil prices. ExxonMobil, America’s largest oil company, posted a net income of $6.8 billion, compared to a $680 million loss a year ago.  Oil prices took a beating at the start of the COVID-19 pandemic until recently when travel and other economic activities resumed. But they’ve […]