On October 23, 2023, Chevron announced that it had purchased Hess shares in the ExxonMobil Guyana Limited (EMGL) for US$53.0 Billion. Recalling that Hess owned 30 percent of the company, this ownership implied that the total equity in the company is now estimated to be US$176.7B, with the remainder distributed as US$79.5B for ExxonMobil, and…
Every Man, Woman and Child in Guyana Must Become Oil-Minded This was Published on June 21, 2021 Introduction This column which last appeared on April 17, 2020, is returning for a short series. It will feature the 2020 financial performance of the three companies which signed a petroleum agreement with the Government of Guyana for…
Every Man, Woman and Child in Guyana Must Become Oil-Minded – Part 87 – June 11, 2021 Introduction With appreciation to the editor-in-chief of Stabroek News, this column which last appeared on April 17, 2020, is returning for a short series. It will feature the 2020 financial performance of the three companies which signed a…
