Hess Guyana – Statement of Changes in Equity Hess Guyana Exploration Limited — Guyana Branch Statement of Changes in Equity from 2018 to 2024 Stacked area chart showing Capital Contributions and Accumulated Profit/(Deficit) evolution (2018-2024) HESS Capital Accumulation 2018 to 2024 Accumulated Profit/(Deficit) Key Observations & Strategic Insights 2018-2020: Initial deficit period with accumulated losses…
Statement of Changes in Equity – Stacked Area Chart EMGL Statement of Changes in Equity from 2018 to 2024 Stacked area chart showing Capital Contribution and Accumulated Profits (2018-2024) EMGL Cumulative Capital Contribution: : 2018 to 2024 EMGL Accumulated Profits: 2018 to 2024 Key Observations: 2018-2020: Accumulated profits were negative (accumulated losses) 2021: Turning point…
CNOOC Petroleum Guyana – Profit/Deficit Analysis 2019-2024 CNOOC Petroleum Guyana Limited (GYD) Profit/Deficit Financial Analysis (2019-2024) Annual Profit/Deficit Trend (Billions GYD) Cumulative Performance Overview 📈 Key Performance Highlights Dramatic turnaround: From -20.9B deficit (2019) to 1.07T profit (2024) Break-even achieved: In 2021 with 49.5B GYD profit Exponential growth: 2,070% increase from 2021-2024 Consistent profitability: 4…
Statement of Changes – Stacked Area Chart CNOOC changes in Deficit & Profit from 2018 to 2023 ($US using 208.5 conversion) Full Period Turnaround Era Growth Phase Deficit Periods Profit Accumulation Annual Net Income
Income Tax Payable by Year Income Tax Payable by Year Esso Exploration and Production Guyana Limited (Guyana Branch) Year Income Tax Payable (USD) – As reported on EMGL Balance Sheet 2019 0.00 2020 0.00 2021 0.00 2022 284,802,553.00 2023 947,548,593.48 2024 2,195,600,000.00 Data extracted from balance sheet statements as of 31 December for each respective…
Income Tax Expense Chart 2019-2024 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…
The Oil and Gas Governance Network (OGGN) is following up on its letter on the apparently bogus claims about the creation of 50,000-60,000 new jobs with a query about Tara Singh’s claim on the halving of poverty in Guyana (https://www.stabroeknews.com/2025/06/08/opinion/letters/we-cannot-account-for-ppp-c-claims-of-employment-increases-of-50000-or-60000-new-jobs-over-2020-2024-period/) . Tara Singh made the claim about poverty reduction in his letter published by Stabroek…
In October 2023, Vice President Jagdeo claimed that the PPP had fulfilled a PPP Manifesto promise by creating 50,000 jobs [https://newsroom.gy/wp-content/uploads/2019/11/pdfresizer.com-pdf-resize.pdf ], in just over 3 years since returning to power, but without providing any evidence for his claim (https://www.stabroeknews.com/2023/10/12/news/guyana/govt-has-fulfilled-promise-by-creating-50000-jobs-jagdeo/ ). In May 2025, Tara Singh claimed the Government added more than 60,000 jobs between 2020 and…
Dr Gampat is raising very important issues in his letter, SN 2025-06-04, related to the adequacy of financing of Guyana’s economic development thrust through the Central Government Budgetary revenues and expenditures. He also noted the dual nature of the economy, namely, oil and non-oil. He argues for the use of Guyana’s non-oil Gross Domestic Product…
President Ali disappointedly betrayed the nation with his assent to the Oil Pollution Prevention, Preparedness, Response and Responsibility Bill (the Bill), ignoring the numerous troubling concerns and forebodings brought to his attention by eminent Guyanese, Caribbean and other international experts including a scathing rebuke by the Commonwealth Lawyers Association citing the Government for breaches of…
