Whitehouse, Van Hollen, Merkley Probe ExxonMobil’s Guyana Offshore Oil Contract and the Company’s U.S. Tax Liability

FOR IMMEDIATE RELEASESeptember 23, 2025 Contact: Meaghan McCabe,(202) 224-2921 Whitehouse, Van Hollen, Merkley Probe ExxonMobil’s Guyana Offshore Oil Contract and the Company’s U.S. Tax Liability ExxonMobil may have used American taxpayer funds to subsidize its foreign oil production, which it does in partnership with a Chinese state-owned company Washington, DC – U.S. Senators Sheldon Whitehouse (D-RI),…

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The Underground Economy in two Parts

Part I: When Business Disputes Expose Underground Networks Introduction The leak of an explosive March 25, 2025, interview between businessman Azeem ‘Junior’ Baksh of Gold Target Imports and intrepid journalist Travis Chase has triggered more than just a public clash between wealthy businessmen. Baksh detailed what he described as a “harrowing” gold importation scheme, claiming…

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Oil as an election issue

Every Man, Woman and Child in Guyana must become oil-minded – Column 166 Today’s column compares the role of oil and the 2016 Petroleum Agreement in the 2025 election campaign and in 2020, the first year of oil production. Then Bharrat Jagdeo and Irfaan Ali were seeking to unseat the APNU + AFC Coalition. The…

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Trump’s tariff scorecard: 15% on Guyana, Trinidad and Venezuela. 10% on other CARICOM countries and Cuba

IntroductionOne day before Guyana observed Emancipation Day, the mercurial universe Boss Donald Trump confirmed his April 2 Liberation Day Executive Order to unilaterally impose tariffs on every country trading with the United States of America. The US President imposed on Guyana’s products entering the United States a 15% tariff beginning next week – a blow…

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Walking with Exxon down the path to the Resource Curse

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 164 “State capture is understood as efforts by private actors and public actors with private interests to redirect public policy decisions away from the public interest, using corrupt means and clustering around certain state organs and functions.”: Transparency International, Examining State Capture (2020),…

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I still hold that Exxon’s accounting is indefensibly lacking

Mr. John Colling’s commitment to “transparency and open, fact-based discussions” regarding ExxonMobil’s operations in Guyana is a welcome breath of fresh air. His July 2 letter provides an excellent opportunity to address fundamental questions about the 2024 financial statements of the Stabroek Block partners and several unresolved historical issues. He boldly asserts that ExxonMobil’s financial…

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For the Good Times

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 163 Introduction Following part one of this column, which was taken up by Kaieteur News, the Ministry of Natural Resources issued a defensive statement attacking the newspaper for questioning why ExxonMobil reported US$10 billion in profits while Guyana received only US$2.6 billion. Logically,…

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The Financial Statements of Exxon, Hess and CNOOC – a story of opacity and confusion

Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 162 Columns 159 – 161 examined the individual income statements of each Stabroek Block contractor in detail. Today’s column shifts focus to analyse the combined results of the three entities, providing a broader perspective on the collective financial performance and strategic positioning of…

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