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…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Column 160 – 10 June 2025 IntroductionToday’s column addresses the audited financial statements of CNOOC Petroleum Guyana Limited, the third-ranking partner with a 25% interest in the Stabroek Block operating under the 2016 Petroleum Agreement. Like Exxon and Hess, CNOOC is also a branch…
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…
The presidency is the most sacred office in our Republic – its occupant sworn to uphold the Constitution and to serve all the people without fear or favour. Under President Ali, that office has been diminished – through evasion, manipulation, and a style of governance that rewards loyalty over merit, secrecy over transparency, and partisanship…
Book Launch: “Oil and Climate Change in Guyana’s Wet Neighbourhood: Probing Promises and Potential Peril” July 8, 2025 beginning at 6 p.m. EDT. Register Here: https://rb.gy/b9romj Speakers
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…
Every Man, Woman and Child Must Become Oil-Minded Part 159 1. Overview Earlier this week ExxonMobil Guyana Limited (EMGL) summoned the Guyana press to the launch of its 2024 Annual Report. Two conditions: only questions on the financial statements would be entertained and the number of questions strictly restricted. Like one of its junior partners…
