Guyana has just recorded its highest quarterly earnings from oil
/ Our Today
administrator
Guyana has earned over US$761 million in the first three months of 2026, marking its highest quarterly earnings on record since production activities commenced in December 2019.
The record earnings were supported by 10 profit oil payments made between December 30, 2025, and March 31, 2026, along with one royalty payment relating to 2025 fourth quarter production amounting to US$110.89 million, as oil prices remained above US$100 per barrel.
According to the petroleum receipts, total profit oil payments during the quarter reached US$650.82 million, while overall inflows into the Natural Resource Fund, including profit oil and royalty, amounted to US$761.72 million, reflecting strong revenue inflows under elevated oil price conditions.
Under the 2016 Petroleum Agreement, Guyana receives 2% royalty and 12.5% of profit oil, while 75% is deducted by ExxonMobil for cost recovery, after which the remaining balance of crude oil is shared equally (50/50) between the Government and the Contractor, in line with Article 11 provisions.
Production remains robust, with four Floating Production Storage and Offloading vessels (FPSOs) in the Stabroek Block producing a combined 916,000 barrels per day (bpd), including Liza One (130,000 bpd), Liza Unity (265,000 bpd), Prosperity (265,000 bpd), and One Guyana (260,000 bpd), while ExxonMobil has expended US$40 billion to develop seven approved projects with US$5 billion remaining in the cost bank.
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