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ExxonMobil Guyana earned billions in profit before 2023 but denied it, sparking transparency concerns.
Financial records contradict ExxonMobil Guyana’s claim of being unprofitable before 2023, showing the company’s Guyana entity reported billions in income in 2021 and 2022, paid millions in taxes, and contributed over $1.6 billion in profit oil to Guyana’s national fund.
Despite this, Exxon has not issued tax certificates, and its accounting practices—such as reporting tax expenses as revenue—have drawn criticism from Guyanese officials who call them misleading.
Concerns persist over transparency, audit access, and inflated exploration costs, raising questions about whether Guyana is receiving fair value for its oil wealth amid rising national debt and infrastructure spending.
ExxonMobil Guyana obtuvo miles de millones en ganancias antes de 2023, pero lo negó, lo que provocó preocupaciones por la transparencia.