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Exxon shortchanged Guyana $225M in royalty payments for 2023 – Professor Hunte

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Kaieteur News – ExxonMobil Guyana Limited (EMGL) in 2023 reported that the total revenue generated in the Stabroek Block that year amounted to G$1,108,897, 727, 566- meaning Guyana’s royalty payment should have been G$22,177,954,551.32. The country was however paid some G$21,922,725,604 as reported by Exxon in its 2023 Annual Report. Royalty is a fixed percentage […]

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