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Exxon's $51B Claim Under Scrutiny | Guyana News
ExxonMobil’s claimed $51 billion recovery from Guyana’s oil operations is sparking major scrutiny, as the Oil and Gas Governance Network reveals a glaring gap between Exxon’s figures and the Bank of Guyana’s reported $61.3 billion in total revenue — leaving at least $6.7 billion unaccounted for. Based on the 2016 Production Sharing Agreement, which allows Exxon to take 75% of revenue for development costs, the math suggests total revenue should have been at least $68 billion. With no clear explanation from authorities on how these discrepancies arise — whether from differing production…
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