Guyana’s Oil Profit Share Delay

Guyana’s oil windfall is heating up—costs for seven approved projects are reportedly settled, meaning the nation should now be getting its full 50% profit share, but ExxonMobil still holds back $4.5 billion, claiming high oil prices could clear it this year. With the Stabroek Block already generating massive revenue, critics question why Guyana hasn’t yet seen its cut, especially as three more projects ramp up and two more await approval. The government stays quiet on details, while experts push for “ring-fencing” to lock in immediate profit splits—ensuring Guyana gets its share as each project profits, not after all costs are paid. The Minister hinted at a public update, but with ongoing exploration costs, the real shift toward Guyana’s favor may still be ahead. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/e9ca008320230e97