ExxonMobil Guyana Limited reported after-tax earnings of $982.5 billion for the year 2025, benefiting from higher production levels from the Stabroek Block, which helped mitigate the effects of declining global oil prices. The company’s audited financial statements for the year ending December 31, 2025, indicated that revenue reached $1.71 trillion, while operating profit before tax was recorded at $1.21 trillion.
John Colling, Vice President and Business Services Manager of ExxonMobil Guyana, presented the results and attributed the company’s performance to robust operational efficiency and increased output following the launch of the One Guyana Floating Production, Storage and Offloading (FPSO) vessel. Colling noted, “In 2025, ExxonMobil had a very strong year, underpinned by strong operational performance.” Despite the increase in production, earnings were impacted by a drop in oil prices on the international market.
Colling explained, “The overwhelming factor was lower oil prices in 2025 versus 2024. In 2025, the average realization was US$68 per barrel compared to US$82 per barrel in 2024. Volumes were up in 2025 due to the startup of One Guyana.” Financial records revealed a slight decrease in revenue from $1.73 trillion in 2024 to $1.71 trillion in 2025, while net profit fell from $995.1 billion to $982.5 billion.
Despite the decline in earnings, ExxonMobil continued to invest significantly in its operations in Guyana, with capital expenditures totaling approximately $720 billion for the year. The value of property, plant, and equipment increased from $2.94 trillion to $3.49 trillion, and the company disclosed future capital commitments of nearly $785 billion. Colling emphasized the importance of reinvestment under the Production Sharing Agreement, stating, “We continue to reinvest the profits that we’re making here, and the contract is doing what it was incentivized to do, incentivizing reinvestment and increasing production and revenue for all parties.”
The commissioning of the One Guyana FPSO also led to an increase in operating costs, with production costs rising from $61.3 billion in 2024 to $82.2 billion in 2025. Colling identified the startup of One Guyana as a key driver of these costs, along with additional expenses related to research and future development.
According to the financial statements, ExxonMobil generated $1.38 trillion in cash from operating activities and concluded the year with total assets amounting to $3.87 trillion. The company recorded an income tax expense of $231.6 billion and distributed $463 billion to its head office during the reporting period.
Guyana’s oil industry continued to expand rapidly in 2025, with production from the Stabroek Block exceeding 900,000 barrels per day across various developments, including Liza Phase One, Liza Phase Two, Payara, and Yellowtail. ExxonMobil operates the block with a 45 percent stake, while Hess Corporation holds 30 percent and CNOOC owns 25 percent. When asked about the recent rise in oil prices due to tensions in the Middle East, Colling stated that the company does not forecast commodity prices but acknowledged that higher prices typically lead to increased revenues.
Source: snn.gy
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