ExxonMobil Consortium Reports $10.4B Profit From Guyana in 2024

Key Takeaways XOM-led group earned $10.4B in Guyana profits in 2024, up 64$4.7B in earnings as Guyana output climbed to 668,000 bpd by mid-Q2 2024. Guyana revoked a rival license, reinforcing the control of the consortium over the offshore oil basin.Exxon Mobil Corporation (XOM) and its partners, Hess Corporation (HES) and China’s CNOOC, reported a combined profit of $10.4 billion from their oil operations in Guyana in 2024, marking a 64% year-on-year jum ...