Income Tax Expense by Year
ExxonMobil Guyana Limited (Guyana Branch) – 2019 to 2024
Key Observations:
- No income tax expense recorded for 2019-2021
- Significant tax liability began in 2022 ($284.8M)
- Tax expense more than doubled in 2023 ($662.9M)
- Highest tax expense in 2024 ($1.248B), nearly doubling again
* All amounts are in USD. The dramatic increase likely reflects the company’s transition
from exploration phase to profitable oil production operations in Guyana.
Income Tax Expense by Year
| Year | Income Tax Expense (USD) |
|---|---|
| 2019 | No tax expense recorded |
| 2020 | No tax expense recorded |
| 2021 | No tax expense recorded |
| 2022 | $284,813,567 |
| 2023 | $662,906,474 |
| 2024 | $1,248,000,000 |
