ExxonMobil Guyana Limited
Income Tax Expense Analysis • 2020-2024
Income Tax Expense Summary USD$
| Year | Income Tax Expense (USD) |
|---|---|
| 2020 | $0 (no tax expense) |
| 2021 | $0 (no tax expense) |
| 2022 | $284,813,567 |
| 2023 | $662,906,474 |
| 2024 | $1,248,000,000 |
| Total (2020-2024) | $2,195,720,041 |
Visual Analysis
Income Tax Expense Progression
Key Insights
- 2020-2021: No income tax expense was recorded.
- 2022: Significant jump to ~USD$285 million in income tax expense, marking the transition to profitable operations
- 2023: Income tax expense of ~USD$663 million, indicating very strong operational performance
- 2024: Peak income tax expense of USD$1.248 billion, representing the highest tax contribution in the analyzed period
Cumulative Tax Contribution
Over the 5-year period (2020-2024), ExxonMobil Guyana Limited DID NOT pay a total of USD$2.196 billion in income taxes to the Guyanese government.
Important Notes:
• The figures in the ExxonMobil Guyana annual reports are in Guyana Dollars an exchange rate of 208.5 is used. This is the exchange rate used by the Bank of Guyana
• Company name changed from “ESSO EXPLORATION AND PRODUCTION GUYANA LIMITED” (2020-2023) to “EXXONMOBIL GUYANA LIMITED” in 2024
• All figures represent income tax expense as reported in the annual statements of profit or loss and other comprehensive income