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Exxon Recouped $55B in Guyana Oil | Guyana News
ExxonMobil just hit a major milestone: it’s fully recouped its $55 billion investment in Guyana’s Stabroek Block—faster than expected, thanks to rapid production ramp-up, cost control, and soaring oil prices. With the initial costs paid back, Guyana now stands to capture a much larger share of future profits, marking a pivotal shift in the financial dynamics of the project. The CEO credited efficient operations and global market conditions for accelerating this win, setting the stage for a new era of revenue sharing that could significantly boost Guyana’s economy. Listen in comfort:Get a…
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