Guyana Already Seeing Increased Revenues From Global Oil Price Surge – ExxonMobil

Guyana already seeing increased revenues from global oil price surge – ExxonMobil

…says country could soon be earning larger share of profits With the surge in oil prices on the global market, Guyana is already earning increased revenues, and according to President of ExxonMobil Guyana Limited (EMGL) Alistair Routledge, these higher market prices coupled with increased production in the Stabroek Block Offshore could see the country receiving a larger share of the profits from oil sales. Routledge told reporters at a press con…

Exxon Mobil Massive Guyana Expansion - New FPSO To Add 250,000 BPD As Cost Dispute Escalates

By News Americas Business Editor News Americas, GEORGETOWN, Guyana, Fri. March 20, 2026: ExxonMobil is accelerating its dominance in Guyana’s booming oil sector, with a new floating production, storage, and offloading (FPSO) vessel set to add an estimated 250,000 barrels per day (bpd) in output capacity – a move that could further cement the country’s position as one of the fastest-growing oil producers in the world. The facility, built by MODEC…

Increased oil price, production accelerating ExxonMobil’s cost recovery

Last Updated on Thursday, 19 March 2026, 22:51 by Writer The rising world oil price and increased production are allowing ExxonMobil Guyana to fast track the recovery of all of the remaining exploration, production and other costs in the Stabroek Block this year rather than next year, company President Alistair Routledge said on Friday. Currently, […]