Guyana’s oil revenues surpassed $8 billion in fourth quarter

Dec. 29 (oilnow.gy) Guyana’s total revenues from oil production have climbed to over US$8 billion since output began in December 2019, bolstered by rising production from offshore projects operated by ExxonMobil.

Cumulative revenues from oil sales and royalties exceeded US$8.25 billion, according to Bank of Guyana reports, with the milestone reached in October when inflows from crude sales and royalties for third-quarter production were paid into the country’s Natural Resource Fund.

Royalties alone crossed the US$1 billion mark in July after a payment of more than US$77 million for oil produced and sold in the second quarter of 2025, the data showed.

All oil is produced from the Stabroek Block, operated by ExxonMobil, along with co-venturers Hess, which was recently acquired by Chevron, and China’s CNOOC.

Production currently comes from four offshore projects – Liza 1, Liza 2, Payara and Yellowtail – which together have taken Guyana’s installed production capacity to more than 900,000 barrels per day by the fourth quarter of 2025, making the country the world’s largest per capita oil producer.

The government has projected total oil revenues of about US$2.5 billion for 2025 alone, reflecting growing production levels every year.

Withdrawals from the Natural Resource Fund stood at approximately US$5 billion at the end of November.

Oil revenues have become a central pillar of support for Guyana’s annual budgets, funding large-scale spending on infrastructure, healthcare, education, housing and cash grant programs. Withdrawals are governed by the Natural Resource Fund Act and approved through the national budget process. 

In 2025, oil revenues accounted for roughly 37% of the government’s budget, showing the growing role of earnings from the sector in financing the country’s development plans.