Exxon earns $1.2 trillion profit in 2024 but costs yet to be recovered

Exxon-Led Oil Group Nets $10.4B In Guyana As Output Surges

News Americas, New York, NY, June 4, 2025: Guyana’s booming oil industry continues to break records, as the ExxonMobil-led consortium reported a massive 64% surge in 2024 profits, totaling $10.4 billion from operations in the South American nation. The figure highlights Guyana’s transformative role in global energy markets and its position as a top-tier oil-producing frontier. ExxonMobil alone earned $4.7 billion of its total $33.5 billion in 20…

ExxonMobil earns $1.2 trillion profit in 2024 but costs yet to be recovered - INews Guyana

It was revealed on Tuesday that ExxonMobil Guyana Limited (EMGL) recorded GYD$1.255 trillion in profit before tax in 2024, and that by the end of the decade, Guyana’s take home from profit oil and royalty will be as much as US$10 billion (GYD$2 trillion) per year. This was according to EMGL Vice President (VP) and […] The post ExxonMobil earns $1.2 trillion profit in 2024 but costs yet to be recovered appeared first on INews Guyana.

Exxon earns $1.2 trillion profit in 2024 but costs yet to be recovered

…Guyana poised for GY$2 trillion annual oil windfall by decade’s end It was revealed on Tuesday that ExxonMobil Guyana Limited (EMGL) recorded GYD$1.255 trillion in profit before tax in 2024, and that by the end of the decade, Guyana’s take home from profit oil and royalty will be as much as US$10 billion (GYD$2 trillion) per year. This was according to EMGL Vice President (VP) and Business Services Manager, John Colling, in his first local medi…