Exxon 2025 profit in Guyana totaled $4.67 billion

June 9 (Reuters) – U.S. ​oil major Exxon Mobil on ‌Tuesday reported $4.67 billion in profit from its Guyana operations in 2025, ​slightly lower than the previous ​year when oil prices were ⁠weaker.

Exxon leads the consortium that ​produces all of Guyana’s oil ​output and currently produces more than 900,000 barrels per day from the country.

Hess, ​a minority partner in ​the consortium and now owned by Chevron, ‌earned $2.89 ⁠billion in 2025 according to its financial statement, down from $3.15 billion in 2024.

Benchmark Brent oil ​prices averaged $68.19 ​per ⁠barrel last year, about 15% lower than in ​2024.

The U.S.-Israeli war on Iran that ​began ⁠in February has since caused Brent futures to rise to ⁠the $90 ​range.

Leave a comment

Blog at WordPress.com.

Up ↑